Archive for October 16th, 2017

Nearly every country on earth is named after one of four things

October 16, 2017

Brilliant piece by Thu-Huong Ha of


History explains why Cameroon is at war with itself over language and culture

October 16, 2017

One had just blogged about how French is taught in South Africa without the usual colonial hangover.

However in Cameroon, the battles over Francophone and Anglophone continue like the Anglo-French battles of yesteryears.

In this interview, Prof. Verkijika G. Fanso of University of Yaounde explains:


History of Udupi hotels and how they unwittingly helped curb caste segregation in Indian public spaces…

October 16, 2017

As one blogged about forgotten banking innovations in Udupi area, here is another piece on its hotels. How many regions/districts have carved a niche for themselves in four sectors: banking, hotels & restaurants, medical services and education?

Anyways, this piece on Udupi hotels is from this edited book: Curried Cultures – Globalization, Food, and South Asia.

It is written by Stig Toft Madsen  &  Geoffrey Gardella and gives a fascinating account of history of Udupi hotels which mushroom all around us. They stand for good food, clean hotels and efficient services:


History of nudging: Before Prof Thaler there was Dr. T.M.A. Pai

October 16, 2017

My recent piece in Mint titled as Before Thaler there was Pai. Have just added Prof and Dr against their names to make a clearer distinction. The piece shows how Dr T.M.A. Pai was an early nudger to encourage financial savings amidst people and mobilise deposits for his bank.

Two key ideas.

First, behavioral economics is as old as it gets. Entrepreneurs etc have always struggled to figure human behavior and then design products accordingly. If one digs deeper into this kind of product history, one is likely to see some or the other form of nudging. If economists have woken up late to the subject it does not mean these ideas were not understood and not implemented.

Second, is of course the constant lament of this blog on how ignorant we are of our business and financial history.  It is a pity how Dr. TMA Pai’s several achievements in banking have been just forgotten. The Mint piece just highlights one of them.


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