Important long read by Kaushik Basu. How India started out as a promise and is now fast deteriorating into decline.
I will be writing op-eds for moneycontrol, India’s number 1 financial news website, and today was my debut. Do read. https://twitter.com/moneycontrolcom/status/1298891411601776643 Moneycontrol Link: https://www.moneycontrol.com/news/opinion/time-for-a-policy-rethink-on-crime-and-poverty-eradication-5762451.html
India is facing an uphill task battling the Covid-19. New Delhi, its national capital, is flooded with cases and subsequent stories of misery and deaths due to the pandemic. Its financial capital Mumbai is buried neck deep in the crisis. The infectious disease has reached its southern state with a vengeance – there have been…… Continue reading TikTok, China and Swadeshi
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
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
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
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/
First published in Mint: https://www.livemint.com/Home-Page/Z1r7HfBhwKSstRvClBJ0cJ/Reading-8216Hindustan8217-in-Bihar.html bharat-shining_reading-hindustan-in-biharDownload
First published in Mint: https://www.livemint.com/Home-Page/trjewrH7xTTOmOj9tHSPcN/Bharti8217s-cellular-theory-of-growth.html bharat-shining_bhartis-cellular-theory-of-growthDownload
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
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/
I am absolutely thrilled to share another story on caste. This one again has gone missing from Mint’s website. I found this story’s draft on my drive and googled with the first four lines. Guess what, this blog had shared the story with the Mint link that does not work anymore. Thanks to the blog,…… Continue reading In the job market, Caste role reversal
I covered Dalit capitalism for Mint in its early days when DICCI as a chamber of commerce for the Dalit community had just come up. My boss at Mint, who is an economist, always felt proud of my work, especially on Dalit capitalism. Today, I spoke to Milind Kamble, founder and chairman of DICCI, in…… Continue reading Dalit Capitalism
Apologies for being away for almost a week. I have missed you, hope you have too. I had no realization of what significant events my brief interlude from blogging would bring. But while I have been away, Jammu and Kashmir as a state of India don’t exist the way it used to. It’s now a…… Continue reading The Kashmir Conundrum
So, what are we going to do when we fix our GDP numbers back home? May be, join the global efforts on finding means to measure happiness, because number-driven GDP is already being punched for being an ineffective tool.
Capitalism Didn’t Invent “Keeping Up with the Joneses” https://mises.org/node/47286 — Read on mises.org/node/47286 Absolutely interesting piece. This one breaks the myth about capitalism making people materialistic. It’s all about creating more choices and opportunities. What you pick remains your sole decision. Don’t blame capitalism for it.
The global economy is not doing well, and trade tensions between the United States and China have a role to play. Even as the rift continues, another conflict I wrote about yesterday also needs early resolution before it snowballs into something big. IMF’s World Economic Output Update released earlier this week underlines the fallout of…… Continue reading Yes! US-China Trade War is slowing down the world economy
United States–India trade ties have been in news for all the wrong reasons, of late. There may be optimism that it’s just a mini conflict that can be resolved easily, but the road ahead is nothing short of thorny. It’s a crisis that can snowball into a big rift if not managed properly. The institutional…… Continue reading India and US Trade War Isn’t Unreal
This blog comes a bit late in the day, but I still wanted to put together some of the important thoughts that have emerged on the G20 summit this year.
I live in the world’s largest democracy but it often confounds me. It confounds me when I see people voting for leaders who don’t do justice to their roles.
More than 100 years ago, in the iconic Citizenship In A Republic speech, US President Theodore Roosevelt outlined the key drivers of a successful republic: the quality of its citizens and high calibre political leaders who would hold the average citizen to a high standard—not just by words, but by deeds as well. The Aam…… Continue reading WHAT ATISHI’S DEFEAT AND PRAGYA SINGH THAKUR’S WIN TELL US ABOUT INDIA
Olhanpur, Bihar: Until about three years ago, Nizamuddin Ansari, 65, a retired head clerk from the Indian Railways mail service, spent most of his days on the verandah at home. The monotony of watching over his courtyard as the women of his family went about their household chores would be broken by the occasional visitor…… Continue reading Bharti’s cellular theory of growth
Raghopur, Bihar: At 3am, a newspaper van from Searchlite Printing Press in Patna sets out in the dark with bundles of Hindustan, the best-selling Hindi daily in Bihar (Hindustan is published by HT Media Ltd, which also publishes Mint). It makes its way through a narrow, straight road to Khushrupur, around 40km away, every day.…… Continue reading Reading Hindustan in Bihar
Jhanjharpur, Bihar: On an apology of a road leading to this small town in Madhubani district, thick and diverse traffic—from trains to four-wheelers—chugs along on a century-old bridge over the Kamla Balan river. Lifeline: The century-old bridge facilitates the movement of 14 trains and 500 vehicles every day to and from Jhanjharpur. Ashish Gupta /…… Continue reading Kamla Balan bridge: it’s a disaster waiting to happen
At Patna’s congested Dak Bunglow intersection, where maddening traffic throbs like the impatient pulse of its people, a life-size billboard dazzles passers-by, announcing an ambitious venture: a “world-class business school for transforming Bihar”. The plan for the proposed transformation is simple: The B-school will help students set up new ventures, consult and collaborate with public…… Continue reading The management of Bihar
By any measure that day in May, at the peak of summer, was an important one for Nawada, one of Bihar’s 37 districts. The bridge over the teeming Sakri river at Kadirganj block opened that day and soon enough two decisions on either side of the river, though seemingly disparate, were taken. In Kadirganj, on…… Continue reading The roads more travelled
Amipur may be a small dot along the national highway from Patna to Nawada, but its ambitions are big. In the 50-odd households in the village, sparsely populated and rife with an uneasy quiet, most men have left for work outside Bihar. Siyaram Chauhan is the one who returned. He was rescued last month by…… Continue reading Bihar sees a growing tribe of rural migrants
It was perhaps the worst of times. With the fall of night, Patna would blanket itself in a pall of darkness, interrupted occasionally by traffic thinning rapidly with each passing hour. Downed shutters in shops would signal fearful business, rickshaws would accept no late evening passengers and women and children would be home before sunset.…… Continue reading Bihar sees reverse brain drain