Archive for June 10th, 2016

When Was the Last Time You Paid for a Pencil?

June 10, 2016

Donald J. Boudreaux has this superb column pondering over ubiquity of the pencil. One of the first readings economics students should read is “I the pencil” by Lawrence Reed.

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Kerala govt opposes merger of State Bank of Travancore with SBI

June 10, 2016

This post was about coming merger of remaining 5 state banks with SBI. It looked at the brief history of these state banks and their journey from being a Maharaja driven bank to a state bank.

Now, the Kerala govt opposes this merger and wants the State bank of Travancore to remain a part of Kerala:

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The forgotten history of piracy in the Indian Ocean..

June 10, 2016

Superb post by Prof Laksmi Subramanian who has also written a book on Piracy and sovereignity.

She says Indian ocean historically was a libertarian sea for trading. There were few cases of piracy and so on. This also seems to emerge from the different volumes written under the Penguin Series on Indian business history. Then Even Amitava Ghosh’s book shows how there was trade between Mangalore and Aden in 12th century.

So Prof Laksmi says what led to piracy? Enter Europeans:

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CFA exam’s toughest question: What’s the payoff of the course?

June 10, 2016

One was just having a discussion with a friend over this issue of payoff from education. Being a purist the blog tend to argue that oen should just see payoffs from education. After all there are many education streams which may not lead to immediate payoffs like say arts etc. But then given today’s discourse anything and everything is seen from a payoff. Let everything else be damned.

So this bit on questioning payoffs of CFA (Chartered Financial Analyst) program is interesting. I mean questioning payoffs of say a history/liberal arts course is hardly a question to ask. But to see this question being posed of a finance program that too CFA is something. The turnaround of finance in the last 50 odd years as a supreme choice of profession is perhaps as big a story as any. So, one would imagine that a finance training program as globally recognised as CFA should be seen as a big positive payoyff.

Not really as this piece argues:

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