Archive for August 8th, 2012

Indian Media’s Dickensian Age

August 8, 2012

A nice paper on state and issues facing Indian media by T. Ninan.

Why this title Dickensian age? Well it is based on Charles Dickens Tale of Two cities. Just like that famed book, Indian media also has two tales/narratives:

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Is economics becoming less important?

August 8, 2012

No, say Betsey Stevenson and Justin Wolfers in their new bloomberg column.

Infact it is becoming even more important as econs get access to large sets of data and sue their tools to understand the real world:

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Keynes vs Coase: Similarities and Differences

August 8, 2012

This blog is almost fed up of reading on Keynes vs. Friedman or Keynes vs. Hayek (can’t give it up though).

So for a change came across this nice piece by Richard Posner which discusses Coase with Keynes (Keynes remains common still).The paper was presented at a conference celebrating Prof. Coase’s 100th birthday in 2009.

On a first look, there is hardly anything similar between the two giants. Coase was a micro chap and Keynes mainly a macro chap:

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