Archive for March 9th, 2016

Did Mr Ricardo consult Mrs Ricardo before coming out with the Ricardian equivalence idea?

March 9, 2016

Manasiecon blog is the go to blog on economics humor.

In her recent post on the International Women’s day, she takes a dig at the male dominated world of economic theories:

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How India’s budget has been reduced to satisfying the “market perception” fairy..

March 9, 2016

Gulzar Natarajan has a post on this:

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How will Ludhiana transition from a car friendly city to a bicycle friendly one?

March 9, 2016

The title of the article is – Ludhiana: A chill pill for a city choking on ‘affluenza’.

Ludhiana has been selected as one of the 20 cities to be converted to a smart city. The city famous (infamous??) for its high end big cars will now have to shift to bicycles under the smart city plans. In many ways this takes the city back to its past as at one time bicycles was the way for most to travel. Even more interesting is the fact that Ludhiana was actually a bicycle manufacturing hub :

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If you are an economist working for a politician, don’t parade as an independent one..

March 9, 2016

It is such an irony really. One one hand, economists spend most of their time talking or training themselves about ills of government. But on the other, they just salvate on getting a position of government economic adviser/central banker etc. The power of being a government appointed economist suddenly catapults one to enormous fame. And if the person can build some image spin with the media, then one is assured of a position of a demi-god of sorts.

The run up to US Presidential elections is on. As expected, economists have jumped in the fray saying which Presidential candidate’s economic plan is superior to others. It is as chaotic as following the Presidential candidate debates.

Prof Laurence Kotlikoff has an apt warning for all such economists. They parade as economists but their advice is colored on the basis of the position of their political bosses or political favorites:

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Reimagining money and banks: What if both were designed to build trust instead of wealth?

March 9, 2016

This is an interesting article which helps you think differently on role of money and banking in a society. Both money and banks are seen as wealth creators and we want more and more of both. However, this is not how both began to emerge. The idea for money and banks was to help communities and foster local commerce.

Interestingly, we are seeing some experiments which take us to the original roles of money and banks:

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