Emmanuel Farhi

Advertisements Prof. Emmanuel Farhi was too young to die. Just as SSR was too young to die too. Farhi was 41; SSR was 34. In both events, we lost bright stars. This post is on Farhi’s passing away which has shocked people who knew, loved and admired him. Moving tributes poured in from people who… Continue reading Emmanuel Farhi

Fiscal measures and global debt

Advertisements Here is the latest on fiscal measures (courtesy: IMF) deployed by different countries: Source: IMF blog This stimulus collectively amounts $11 trillion worldwide. Yet, the state of global public debt is worrying too. Source: IMF Blog Authors Vitor Gaspar and Gita Gopinath write: In the face of a sharp decline in global output, a… Continue reading Fiscal measures and global debt

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How businesses are innovating during Covid-19

Advertisements “The Happiest Place on Earth” isn’t staying locked down any longer and it has spread the message far and wide with an ad campaign that is drawing mixed reactions. The visitors to the Walt Disney World in the ad face dozens of masked workers at the recreation center even as children dressed in Disney… Continue reading How businesses are innovating during Covid-19

Who is WFH really hurting?

Advertisements The poor, the young and the women – they are the worst affected when it comes to assessing the impact of remote work, this new IMF paper suggests. Overall, workers in food and accommodation, and wholesale and retail trade, are the hardest hit for having the least “teleworkable” jobs at all. That means more… Continue reading Who is WFH really hurting?

Notes on Capitalism during Covid times

Advertisements Let me tell you simple things. Covid 19 quarantine is helping me get this straight and simple: I like capital and those who aid capitalism. So this bothers me when capitalism is blamed for the mess we are in. This world is complex and I am someone who believes the right set of institutions… Continue reading Notes on Capitalism during Covid times

Hat tip: Macroeconomics seminar series

Advertisements Lockdown has led to wonderful season of webinars and if you love Macroeconomics and Economic History, here are the webinars I recommend: The Graduate Institute Geneva has been conducting this fabulous series for those who are interested in Microeconomics, and just this week, we had Prof James Robinson presenting his studies on the economic… Continue reading Hat tip: Macroeconomics seminar series

Would you like to go to MIT without clearing college?

Advertisements This may become possible if Nobel winners Duflo and Banerjee’s efforts are successful. The Massachusetts Institute of Technology is trying the idea in the field of poverty alleviation, hoping that the approach will allow it to enrol students from around the world who have the ability and motivation to succeed but lack the traditional credentials for… Continue reading Would you like to go to MIT without clearing college?

Video lecture series on Inequality

Advertisements Economics professors Arjun Jayadev and Branko Milanovic have collaborated on a video lecture series on Inequality – the five vidoes, free to watch, clearly and succinctly explain what Inequality is all about, why you should care and other fundamentals you have been wondering about for long. It’s cut-the-clutter stuff that you shouldn’t miss. Watch… Continue reading Video lecture series on Inequality

The business of caste in India

Advertisements Priyanka P. Narain and Pallavi SIngh Mumbai/New Delhi: Images of adventure reside in their collective memory—journeys into the cobbled streets of Antwerp to compete with powerful Hasidic Jew merchants for grubby stones, which, when polished and cut, would sparkle and dazzle. The journey that transformed the Palanpuri Jains from cloth and perfume traders into… Continue reading The business of caste in India

Five Ways You Could Reduce Inequality in Daily Life

Advertisements Start the new year by worrying less about things you can’t control and doing something about what you can. Inequality, for example. Photo credit: wikimedia.commons.org It’s a loaded term, alright, but let’s think like economists and see where exactly in our daily lives could we make a difference to mitigate inequality. So here are… Continue reading Five Ways You Could Reduce Inequality in Daily Life

Greta and Greenpeace

Advertisements Exploitation of Greta – Greenpeace & Al Gore https://www.armstrongeconomics.com/world-news/climate/exploitation-of-greta-greenpeace-al-gore/ I have been thinking about this for quite a while and now all of this makes sense. What do you think? Greta is an amazing girl, but sometimes, all that idealism ans activism could be harnessed for some people’s goals and not for world peace.… Continue reading Greta and Greenpeace

Dalit Capitalism

Advertisements I covered Dalit capitalism for Mint in its early days when DICCI as a chamber of commerce for the Dalit community had just come up. My boss at Mint, who is an economist, always felt proud of my work, especially on Dalit capitalism. Today, I spoke to Milind Kamble, founder and chairman of DICCI,… Continue reading Dalit Capitalism

‘Good research is vital’

Advertisements This very interesting interview with Alpa Shah is a must-read for anyone aspiring to write narrative non-fiction. Shah, a professor of anthropology at my alma mater London School of Economics, speaks beautifully and honestly about her writing process while working on ‘Nightmarch’ and has great messages for both academics as well as writers of… Continue reading ‘Good research is vital’

CAN INDIA ACT IN TIME?

Advertisements Almost every trade expert I speak to has been talking about the great opportunity that the continued US-China trade war offers to India to expand its trade with the US. Its true that global manufacturers reeling under the tariffs imposed by the US govt have begun looking to South and Southeast Asia to shift… Continue reading CAN INDIA ACT IN TIME?

18 percent of 50

Advertisements Wikipedia has been a deeply unequal place and this wasn’t going to change anytime soon. But thanks to the efforts of academics and researchers and gender experts around the world, the gender gap on Wikimedia has narrowed. Check out the figures for every country here. Since 2015, ‘Women in Red’ project based has been… Continue reading 18 percent of 50

What Machine Learning has to do with Global Trade

Advertisements Machine Learning (ML) is commonly seen as the scientific study of algorithms and statistical models used by computers to perform specific tasks. Considered a subset of artificial intelligence, ML could have game-changing implications for people of the world struggling with language barriers. As we know, Chinese, Spanish and English are the most spoken languages… Continue reading What Machine Learning has to do with Global Trade

The Week That Was: Favorite Reads

Advertisements I am always intrigued by developments in China, but this piece felt like the disturbing facts have moved closer home in India, especially in the context of what has happened in Jammu and Kashmir in the last few days (I blogged about this here).  Imagine being tracked down by the government down to every… Continue reading The Week That Was: Favorite Reads

The Week That Is

Advertisements A landmark legislation, with a potential to change India’s polity and politics (for good or for bad), has been passed in a matter of a few days. Triple Talaq, purported as the legislation that will ensure gender equality and justice for Muslim women, is now a law and any Muslim man divorcing his wife… Continue reading The Week That Is

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India’s Garbage and Cycle Industries Are Facing The Heat, Thanks To China

Advertisements Two reports in the last couple of days underline the impact of movements and decisions in global trade. This NYT report focusses on the impact on the $25 billion garbage industry in India. The crash in the industry is the result of China’s surprise cut in garbage imports last year. China buys most of… Continue reading India’s Garbage and Cycle Industries Are Facing The Heat, Thanks To China

Kabir Singh Doesn’t Exist In An Alternate Universe. Fellow Feminists, It’s Time To Accept It

Advertisements Though it’s a bit late in the day, here are my thoughts on Kabir Singh, the movie, which has been trashed by feminists as utterly vile and sickening for the sheer misogyny of its lead character played by Shahid Kapoor. A few critics have argued that Kabir Singh, the character, is so misogynistic that… Continue reading Kabir Singh Doesn’t Exist In An Alternate Universe. Fellow Feminists, It’s Time To Accept It

Does Capitalism make you materialistic?

Advertisements Capitalism Didn’t Invent “Keeping Up with the Joneses” https://mises.org/node/47286 — Read on mises.org/node/47286 Absolutely interesting piece. This one breaks the myth about capitalism making people materialistic. It’s all about creating more choices and opportunities. What you pick remains your sole decision. Don’t blame capitalism for it.

Yes! US-China Trade War is slowing down the world economy

Advertisements The global economy is not doing well, and trade tensions between the United States and China have a role to play. Even as the rift continues, another conflict I wrote about yesterday also needs early resolution before it snowballs into something big. IMF’s World Economic Output Update released earlier this week underlines the fallout… Continue reading Yes! US-China Trade War is slowing down the world economy