Archive for October 15th, 2014

To regulate or not to regulate mobile apps market..

October 15, 2014

Cato’s regulation magazine has this article on growing mobile apps market.

Earlier mobile apps were mainly to do with games, chatting etc. Now Now thanks (0r no thanks) to apps like Uber taxi etc they are posing threat to incumbent businesses leading to all kinds of noises from the former.

So what should regulators do? Three options:

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Why asking Prof. Tirole for policy prescriptions is not right..

October 15, 2014

The newspapers/websites are full of Jean Tirole’s policy prescriptions. Some quote him and others pick his research to show the implications. However, if you read the research you wonder where is the prescription? Most of this scholarly research is ambivalent and laden with assumptions. It also tells you that either people who write such pieces have not read Tirole (and other past winners) or have not really understood the ideas.

David Colander writes a much needed post. He says people should not look for policy prescriptions from the prize winners. The Prize is for economic research which may have nothing much to do with policy.

He begins with the lamppost story and says we draw wrong lessons from it:

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Citigroup exiting commercial banking in eleven economies…

October 15, 2014

Just a news item but has important implications.

Citi is exiting commercial banking in eleven economies:

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Questioning high economic growth and long working hours…

October 15, 2014

It is interesting to read these pieces from the other side of the world.  A kind of world which has made us believe that growth is what matters. It should happen and rise at whatever costs.

Warwick Smith of Guardian questions this belief in this article and debunks the mainstream thinking:

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