RBI’s Annual Monetary Policy 2012-13: Review

Here is an analysis of RBI’s Apr-12 Annual Monetary Policy. The expectations from the policy released earlier is here.

Really surprised by RBI’s 50 bps cut and a dovish stance.

 

Why Harvard is and remains the No.1 university?

A nice ppt by Shailendra Raj Mehta of IIM-A (HT: Cowen) (see this as well).

The reason cited is alumni control of Harvard’s  Board of Trustees.

Niall Ferguson’s intellectual infleunces: Keynesians vs Vulgar Keynesians

A interview of the Harvard historian.

It is interesting to have a scholar who is influenced by both Keynes and Smith. Being a Scot, Adam Smith was bound to be in the list. Addition of Keynes is interesting given his so called anti-fiscal stimulus views.

He dfferentiates between Keynesian and vulgar Keynesian:

Economics of cloud computing

Economists have a tendency to poke their noses into anything and come with an economic perspective on the same. Some turn out to be interesting and others are just awful.

Chaim Fershtman and Neil Gandal of Tel Aviv University have this interesting economic perspective on cloud computing (a longer version here):