Interesting new paper from Dr Ashwini Despande of Ashoka University on gender gaps in school education in India, which underlines the persisting gaps in the quality of education offered to girls as compared to boys. The paper notes that “the gender gap in private schooling increased slightly over the period, with the largest increase in…… Continue reading Gender gaps in education
Here is an interesting paper on what the academic job market looks like for new PhD economists in 2021. The findings reveal that while the supply of PhD economists is likely to be stable, the share of employers with at least one position open is likely to go down with a drop in demand. Read…… Continue reading Market for Economists 2021
Important long read by Kaushik Basu. How India started out as a promise and is now fast deteriorating into decline.
This month, thousands of readers have read my posts on Emamnuel Farhi, which is why I think, along with me, they would also like to join this online memorial service for the economist who would have turned 42 on September 8th. For those who missed my posts, you could read them below: Emmanuel Farhi Emmanuel…… Continue reading Remembering Emmanuel Farhi
Everyone this week has been raving about this interview and it’s not for no reason. Harvard economist Stephen Marglin talks about his India connection in this interview with Maya Adereth, Shani Cohen and Jack Gross on Phenomenal World. Interesting conversation, richly framed. Don’t miss it.
Floods in Mumbai are an annual affair. I know this may hurt some people but the day I visited Mumbai for the first time, it was raining cats and dogs, and exactly 21 days later, a major flooding of the financial capital took place. Financial Times reported this last year – the headline points to…… Continue reading Mumbai floods
Ruth Alice Allen, born in Texas in 1889, could be justly called a role model for women economists, if nothing more, and with a burst in feminist scholarship in recent years, it is only befitting that Allen’s work is rediscovered now. At a time when it was difficult for women to secure academic positions, Allen…… Continue reading Ruth Alice Allen
I didn’t know Emmanuel Farhi except as someone invested in economics and the scholarship of economists. But his death has left me with several pressing thoughts. In an earlier post on this blog written immediately after his death, I had laid out the condolences and conspiracy theories around his death. Today, I am writing more…… Continue reading Emmanuel Farhi: Too young to say goodbye
Dr John Turner and Dr Will Quinn of Queen’s University Belfast have written a brilliant new book titled ‘Boom and Bust’, which is a fascinating account of the ten bubbles in history occurring in the 19th century Australia to modern China. In the words of the The Enlightened Economist: Each episode is set in the…… Continue reading Book alert!
I have always followed with keen interest the Emergent Ventures awards for their brilliant choice in choosing winners. Here is the list they announced last week, which I am bookmarking to follow.
Cafe Economics (and my former boss, if you don’t follow him already, do so pronto) paid a brilliant tribute to his alma mater in his Mint column last week. Click below to read: https://twitter.com/CafeEconomics/status/1288320082938978305
Prof. Emmanuel Farhi was too young to die. Just as SSR was too young to die too. Farhi was 41; SSR was 34. In both events, we lost bright stars. This post is on Farhi’s passing away which has shocked people who knew, loved and admired him. Moving tributes poured in from people who knew…… Continue reading Emmanuel Farhi
I am going to blog about 100 women economists and economic historians. I start with Edith Abbott. Edith Abbott: From Economics to Social Work (1876-1957) Credit: Wikimedia Commons Edith Abbott, labour economist and economic historian, was the second woman to earn an Economics PhD from the University of Chicago in 1905. Interested in labour statistics…… Continue reading Edith Abbott
Here is the latest on fiscal measures (courtesy: IMF) deployed by different countries: Source: IMF blog This stimulus collectively amounts $11 trillion worldwide. Yet, the state of global public debt is worrying too. Source: IMF Blog Authors Vitor Gaspar and Gita Gopinath write: In the face of a sharp decline in global output, a massive…… Continue reading Fiscal measures and global debt
Let me tell you simple things. Covid 19 quarantine is helping me get this straight and simple: I like capital and those who aid capitalism. So this bothers me when capitalism is blamed for the mess we are in. This world is complex and I am someone who believes the right set of institutions hold…… Continue reading Notes on Capitalism during Covid times
Illustration by Parag Dabke. The world we live in is getting scarier as disturbing events unfold. Floyd’s gruesome killing has sparked fierce reactions globally and we are now left tracing its roots to the long-standing racial prejudices that have existed alongside decades of material prosperity. We know this could be traced to British colonialism in…… Continue reading Pandemic of Inequality Won’t Let Us Breathe
Lockdown has led to wonderful season of webinars and if you love Macroeconomics and Economic History, here are the webinars I recommend: The Graduate Institute Geneva has been conducting this fabulous series for those who are interested in Microeconomics, and just this week, we had Prof James Robinson presenting his studies on the economic effects…… Continue reading Hat tip: Macroeconomics seminar series
So finally, it’s here and it would be great for you to sign up for it now. Go to econhistorienne.substack.com and sign up. Let me know how you like it. Love and peace, PS.
mises.org/library/understanding-money-mechanics-0 I am a big sucker for economists explaining things, and an over sharer of all such knowledge made public. After Arjun Jayadev and Franko Milanovic’s free online video lecture series on Inequality, here is another one worth your time (link above) – The Understanding Money Mechanics series – by Robert P. Murphy. This is all going…… Continue reading The Understanding Money Mechanics
Trends in the global housing market http://feedproxy.google.com/~r/Urbanomics/~3/Q1BnbqEmY6Y/trends-in-global-housing-market.html — Read on feedproxy.google.com/~r/Urbanomics/~3/Q1BnbqEmY6Y/trends-in-global-housing-market.html
Vijay Kelkar Convocation Address at BHU: Three development paradigms of Indian economy https://mostlyeconomics.wordpress.com/2020/01/30/vijay-kelkar-convocation-address-at-bhu-three-development-paradigms-of-indian-economy/ — Read on mostlyeconomics.wordpress.com/2020/01/30/vijay-kelkar-convocation-address-at-bhu-three-development-paradigms-of-indian-economy/
Yeah so, even as Budget 2020 is waiting to be ripped apart mostly for what it’s projections for the year ahead are, I am worried how little we care about the past when it comes to the budget. Hey, what exactly is budget anyway? Just a simple record of what the government earned and spent…… Continue reading Budget 2020: Past matters but future is raged over
This may become possible if Nobel winners Duflo and Banerjee’s efforts are successful. The Massachusetts Institute of Technology is trying the idea in the field of poverty alleviation, hoping that the approach will allow it to enrol students from around the world who have the ability and motivation to succeed but lack the traditional credentials for entry.…… Continue reading Would you like to go to MIT without clearing college?
Here is a rare archival footage of Kenyes speaking on the gold standard. Savour. https://twitter.com/econfilm/status/1222860593100664832
Economics professors Arjun Jayadev and Branko Milanovic have collaborated on a video lecture series on Inequality – the five vidoes, free to watch, clearly and succinctly explain what Inequality is all about, why you should care and other fundamentals you have been wondering about for long. It’s cut-the-clutter stuff that you shouldn’t miss. Watch here:…… Continue reading Video lecture series on Inequality
For a budding economic historian, reading Dietmar Rothermund’s work on India can be an illuminating experience, given that apart from the works of Indian scholars on Indian economic history, Rothermund’s books provide a refreshing view of history. But what can be really special about this veteran historian is his extremely warm demeanour even to those…… Continue reading Happy birthday to Dietmar Rothermund!
Gratitude, Kindness, Loveliness https://www.econlib.org/Gratitude_Kindness_Loveliness
Start the new year by worrying less about things you can’t control and doing something about what you can. Inequality, for example. Photo credit: wikimedia.commons.org It’s a loaded term, alright, but let’s think like economists and see where exactly in our daily lives could we make a difference to mitigate inequality. So here are my…… Continue reading Five Ways You Could Reduce Inequality in Daily Life
How Medieval Surgeons Shaped Sex and Gender https://daily.jstor.org/how-medieval-surgeons-shaped-sex-and-gender/ Fascinating take on the historical origins of how sex and gender came to be defined, and the role of medical surgeons in it.
Four Reasons Why Millennials Don’t Have Any MoneyThe same forces… https://robertreich.org/post/190130389550 Same is true for India but the Indian media is busy sorting out its own credibility issues. Who has time to look at the real problems.
Second Richest Man Spouts Nonsense https://www.econlib.org/second-richest-man-spouts-nonsense/
Almost every trade expert I speak to has been talking about the great opportunity that the continued US-China trade war offers to India to expand its trade with the US. Its true that global manufacturers reeling under the tariffs imposed by the US govt have begun looking to South and Southeast Asia to shift their…… Continue reading CAN INDIA ACT IN TIME?