Archive for July 14th, 2015

Book Review: Glimpses of World History

July 14, 2015

There are books on history and there are historic books on history. India’s First PM’s tome Glimpses of World History (GWH) clearly falls in the second category. His book on Indian history -Discovery of India became popular thanks to the TV series, But GWH has been broadly ignored by both scholars and TV people alike.

One does not know how to review this book. Such is the impact of the book. Just that wish had read it earlier.

How can one write world history in a series of 196 letters to his daughter? This is the approach of book. Pt. Nehru has written the book sitting in jails all from his memory without any references. The breadth and depth of the research is breathtaking and awe inspiring to say the least. I mean how can one just do such a thing?

The book is a marvellous introduction to history of several things – societies, cultures, formation of countries, key individuals, wars, dynasties, science and so on.  Unlike the other history books which are outright boring (especially those written earlier), this one is really exciting. The way the author starts a story and connects the dots keeps one hooked to the pages. You will wonder why this history has been started and then in some brilliant words he connects it to something in the past.

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The continued and widening dissonance between India’s growth story and its social indices..

July 14, 2015

There is near complete silence on things that matter for people in India. Things like water, traffic, health, education etc are just buried under the carpet. Instread we keep thumping ourselves over our high growth rates. IMF, World Bank etc which were hardly as popular with Indian media has just found the right way to be noticed. Keep talking about how India’s growth rate is going to be highest in the world.

Business Line edit writes on the divide between India’s macro and social indicators. India lags behind most of its lower growing neighbours:

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Could Greece adopt currency board and use Dollar as its currency?

July 14, 2015

Prof Steve Hanke’s single solution for all monetary problems is to form a currency board. Here he argues that Greece on its exit could look at currency board as an option. And it could choose Dollar as its currency:

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