Archive for May 13th, 2016

Why was the Industrial Revolution British and not Dutch? The innovation angle..

May 13, 2016

Anton Howes, has completed his PhD recently and is a Historian of innovation.

In this piece he looks at this perennial interesting question on industrial revolution. Why Britian? Why not in the other imperial power – Dutch? Being a historian on innovation, he says part of the reason could be that British were pretty good at innovating new things. Then they developed a social network where the innovators passed on their skills to others interested:

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The first two years of NDA Government: A critical appraisal..

May 13, 2016

Prof Pranab Bardhan shares his views on the first two years. Pretty critical one!

Media macro vs actual macro, city economists vs academic economists…

May 13, 2016

Simon Wren Lewis introduced this term called media macro. It basically meant financial media taking control over economic matters. Using their propoganda they kept highlighting macro issues which they thought were important. The problem is their understanding of these macro issues is mostly flawed and actually creates further problems. He shows how British media’s obsession over austerity in early part of the crisis got the economy into tailspin laters.

In a longish essay Prof Lewis, explains the issues further:

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