Archive for May 5th, 2014

Why is it that Jamsetji Tata continues to occupy a unique and unrivalled position in the annals of Indian industry?

May 5, 2014

An interesting article by Dwijendra Tripathi, former Prof at IIMA. Prof Tripathi is the pioneer of chronicling India’s business history. It is really sad we hardly get to read and hear more of his works.

Anyways, in this piece he writes on Jamsetji Tata. Why is he still revered after so many years? He had three qualities which continues to shape today’s Tata values and also has lessons for others:

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Challenges before changing the mainstream economics curriculum

May 5, 2014

Diana Coyle of Enlightenment economics has been one of the major econs asking for a change in economics curriculum. In her recent piece, she reflects on the recent proposals to reform econ teaching.

She says there is undersatnding that curriculum needs to change. But not much on how to change it especially with respect to the building blocks (neo-classical school). Some say to relook at the building blocks, others say they are fine:

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Impact of Amazon tax on Amazon sales..

May 5, 2014

Brian Baugh, Itzhak Ben-David and Hoonsuk Park have this interesting article in voxeu (based on a detailed paper earlier).

They point how sales tax on online retail leads to lower purchases by consumers. I mean the finding has obvious results but is still important to analyse. The analysis also shows how consumers shift purchases to brick-mortar stores (never liked the phrase):

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Can we have self-organising, steady state cities?

May 5, 2014

An interesting article by Vikram Soni of Jamia Millia Islamia and Arvind Virmani (ex-chief economic adviser, Government of India.)

They write about this this really fancy idea of building natural cities which are self regulating and sustaining. Such cities are built in such a way that they generate enough basic services for all its residents without creating negative spillovers as it is done today.

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The love-hate affair of Indian stock markets with Indian government

May 5, 2014

This news item from BS is really interesting. It talks of how stock brokers’ lobby had requested SEBI to open markets for extended hours to “fully factor” in the poll outcome! The markets are open for nearly 7 hours anyways and what would an additional 1.5 hours do except the hype and speculation?

Next time any analyst says politics does not matters for markets and it moves on so called economic fundamentals. should be trashed right away.. P-word matters greatly..

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