Archive for August 11th, 2015

Using Anacondas, Crocodiles to nudge maintenance of Bangalore roads

August 11, 2015

Interesting article on how an NGO is using clever ideas to make its points on road maintenance in Bangalore:

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Milton Friedman and monetary freedom….

August 11, 2015

George Selgin has a food for (economic) thought piece on Prof. Friedman.

Free markets people esp those in Austrian school camp usually crticise and side from the Chicago School on issues of mon economics. Whereas the A school believes in free banking without a central bank, the stance of ‘C’ school is not as clear. Friedman always favored the central bank using his money supply rule preferably by a computer. So, he was more in favor of central banks which was surprising given his free market thinking on everything else.

Prof. Selgin does not think so. He says Friedman did move towards free banking overtime as well:

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Indian education system continues to be dominated by a colonial mindset..

August 11, 2015

Prof. Ramnath Narayanswamy of IIMB  makes an important point as we approach 68th year of India’s independence.

He says why Sanskrit continues to be ignored? Why is our Indian education system still dominated by vision of Macaulay:

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What can economists learn from literature?

August 11, 2015

Lots. I mean most of us will atleast learn to write better. What mattered for earlier generation of economists was how well and widely they read. Now it is just about showing whose model/equation is more sophisticated (read confusing ) than the other.

Sara Thornton, Professor of English at the Université Paris Diderot, tells us what econs can learn from literature. There is a video with a brief intro:

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