Archive for September 10th, 2012

Importance of institutions: Acemoglu vs Shleifer

September 10, 2012

Well, you need someone like Andrei Shleifer to debate with  Daron Acemoglu.

Here are two superb ppts –

HT (Prof. Matt Kahn’s Super BLog). The event is this

Though, would have preferred a write-up from Prof Shleifer. Would have helped understand better.

 

The Indian Parliament as an institution of (un)accountability

September 10, 2012

This is a must read paper after the recent furore over functioning of the Parliament. The PM after the monsoon Parliament session called it a wasted session of Parliament.

Written by Pratap Bhanu Mehta and Devesh Kapur, it gives you this nice primer on Indian Parliament. It tells you how the system has evolved and changed and gone worse over the years:

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Why Sony did not invent the iPod?

September 10, 2012

A superb post by John Kay of FT.

Come to think of it, Sony looked most likely to invent the i-pod. It had created “Walkman” which was like a predecessor to I-pod. Sony was also a leader in many of the technologies:

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