Archive for November 10th, 2014

Hey French people, send your crops here..

November 10, 2014

Atlantic has this news over how French farmers became angry and destroyed so much crop. Reason falling prices of their crops:

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The Free Market (and all that) did not bring down the Berlin Wall

November 10, 2014

There are certain narratives which are never questioned. One such narrative is rise of free market thinking in the last 30 years or so. Now, this itself was not new as before great depression we had similar thinking. But then you know our memories are short and most of us are ignorant of history.

After fall of Berlin Wall (stunning picture here) we are lectured through numerous articles and books that how that phase signalled the end of communism and rise of American brand of capitalism.In 25 years of celebrating Berlin Wall we continue to do the same. Some experts by force point whether certain leaders have learnt the free market lessons from the fall, least bothered whether  the leader knows anything about the event. They actually even add that yes these lessons have been learnt!

The reality seems to be lot different. This FP piece explains what really happened. What was just a mere effect is now touted as cause:

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From minimum government, maximum governance to maximum government, minimum governance?

November 10, 2014

What times we are living in really. The sheer hype in which India is placed today is mind-blowing to say the least.

Just a few months back, when the new government came in there was huge focus on the slogan — Minimum Government, maximum governance. Our media took on the message big time and started suggesting how there will be really low number of ministers and there will be super ministries. The initial Ministry size was 45 and it seemed small governments is indeed going to be the case.

Just after six months the size has been expanded to 66 and guess what the media says? The Government inducts go-getters and vote-getters! Some say it is still leaner  than UPA. Well wait for some more time Sirs. When UPA expanded the cabinet, it was all criticised for being too many etc.

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Economics of inclusion..

November 10, 2014

Prof Hausmann again. This time he writes on how we can make inclusive growth count.

The central idea is to get the basic infra going:

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Influencing household inflation expectations…(comparing US with Argentina)

November 10, 2014

Alberto Cavallo, Guillermo Crucas and Ricardo Perez-Truglia have this post in voxeu on the topic.

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