Archive for September 16th, 2013

India embraces the welfare state..(for whose welfare??)

September 16, 2013

Another Dr Shashi Tharoor’s column and yet another disappointment. It is fine to be optimistic but one cannot be ignorant to the reality.

Dr Tharoor says India is becoming a welfare state and being a developing country, this is a huge achievement:

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Did Capitalism Fail?

September 16, 2013

 (of NYU) and  (University of New Hampshire) make another of those several attempts to change the way we teach/approach economics:

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Why do people pet cows/buffaloes despite negative returns on them?

September 16, 2013

Nice to be back after a break.

Let me start the blogging by this interesting paper by Dean Karlan et al. They first show that returns on investing in cows etc is negative and then ask why people keep them despite such low returns:

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