Mihir Sharma has this article in BS.
He says there are two mistakes which are holding Indian economy:
Archive for December 23rd, 2011
Two mistakes holding Indian economy?
December 23, 2011Books to read on financial speculation
December 23, 2011John Gapper, FT’s chief business commentator picks his 5 books to read on financial speculation. He says we all have a bit of rogue trader in us.
Interesting picks for the kind of financial sector developments we are seeing these days…
An economy is like a cloud…
December 23, 2011A brilliant article by Henry Mintzberg of McGill University and author of Managers not MBAs 
.
He begins by saying economy is like a cloud:
Wall Street jobs and bonus cuts to hurt growth??
December 23, 2011Do Newspapers Matter?
December 23, 2011Yes they do. My media friends have this nice empirical paper to show and prove their might.
There is an interesting research on the topic by Miguel Garrido and Sam Schulhofer-Wohl of Minneapolis Fed. Results are summarised here as well.
They point there were something like 689 city newspapers in US a century ago. This has shrunk to just 11 city newspapers. What is the impact of this decline? There have been some studies but cannot separate correlation from causation. This paper runs on a natural experiment and hence one can track the impact easier.
What is the natural experiment?
