Archive for June 26th, 2015

Book recommend: Long Walk to Freedom

June 26, 2015

Such books cannot be reviewed. Just recommended.

An autobio of late Neslon Mandela(some say ghost written by American Richard Stengel). It is a must read for all our politicians and policymakers especially in today’s environment where all humanity and humility has been lost. There is a strong belief amidst all these members of polity that they are here to change the world and so on. Here is a story of a person which just humbles you given the years of struggle and horrible experiences one has to go through in his fight.

The best part about the book is that it is a breezy read. Such books usually awe you and be preachy. This book is nothing of the kind and despite being 600 plus pages, is just so light.

 

Is Diaspora a Goldmine?

June 26, 2015

Prof Ricardo Hausmann’s latest piece is on role of diaspora. It is much more than remittances:

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Emergency’s 40th anniversary: Some links

June 26, 2015
  • Srinath Raghavan says Emergency was actually a blessing for businesses. They really liked the stable economic environment during the emergency. What was actually a tragedy for the political system seems to be a good thing for the economic system. Parallels for today’s times?
  • Kuldip Nayar never thought emergency could happen
  • GK Gandhi on majoritarianism and emergency
  • How some teachers from Gaya fought emergency
  • Ram Guha warns that too much centralisation and eulogising central leadership can lead to build up of emergency kind of situation:

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History of economic thought : Battle of ideas to continue..

June 26, 2015

Ravi Saraogi of IFMR investments has a series of posts (one, two and three) on perhaps the most important subject in economics – history of economic thought.

He tracks how eco thought has evolved from Age of enlightement (1650s) to Neoliberalism (1990s to 2007).

In the end, he says the process of ideas has hardly settled. It has only become more bitter due to the crisis:

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What explains the dominance of a few clubs in football?

June 26, 2015
Stefan Szymanski Professor of Sport Management at University of Michigan (what a career choice) has a superb article.
He looks at why certain football teams dominate? The answer is simple. Success begets success:

Why Small Booms Cause Big Busts?

June 26, 2015

Prof J Bradford Delong says this is because of credit cycle. If credit is behind the boom then even a small boom will lead to a big bust..

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