Society and Culture
Inequality in the US: India’s Choice
I have written a lot recently on inequality – in India and in Asia. The basic point has been the same – that inequality is bad from a social and moral point, but (as the ADB argues in its report on Asia) also from an economic point of view. In the same vien I pulled [...]
Income Inequality in Asia Growing
The ADB has just released a report titled “Key Indicators 2007: Inequality in Asia” (covered in IHT and BBC). The report concludes that the gini index, a measure of relative inequality had grown in all 15 countries studied, since the 1990s. More alarmingly, absolute inequality had grown even more. The bank identified the trend as [...]
India’s Miracle: More on the India Story
I am usually loathe to repeat stories found elsewhere, but this one is certainly worth mentioning. The British magazine New Statesman has a special issue on India (courtesy New Economist). Titled, India’s Miracle, it has five stories – none of which probably break significant new ground for the accomplished reader. That said, they are each in [...]
Income Inequality Growing in India
An updated version of this post now appears on the IEB, with additional references. In the debate over growth and equality, and comparisons of India and China, proponents of India’s path to development make much of the fact that income inequality in India is relatively low. The UN Human Development Report 2006 estimates the Gini [...]
Preparatory Reading On Privatizing Education
A lot of ink has been spilt lately on privatizing education, particularly by Atanu Dey (on IEB, and Pragati-Issue 2). I myself have tentatively supported vouchers in the past (Evaluating Vouchers). But the excessive liberal free-market promotion of the concept has me wondering if things are indeed as they seem. Before committing to a position, however, [...]
Defending America: The Land of Ideas
BBC News has an excellent and insightful article by Matt Frei, defending the existence of America. For every supporter, and critic of that nation, it is worth a read. In America the idea was ragged, rough and imperfect but it kept growing, it kept evolving and, if this isn’t a vote of confidence, it kept [...]
Economics and Ethics: What they don’t say about Adam Smith
While doing some research, I came across this interesting article (PDF) by Peter Ulrich, professor of business ethics at the University of St. Gallen (HSG) in Switzerland (the premier university for business and management studies in Switzerland). Written as a conversation with Adam Smith, the article brings out fabulously some of the problems with our current thinking [...]
A Talk by Mohammad Yunus: A Man Misunderstood
Today I heard a speech by Mohammad Yunus at FICCI (Federation of Indian Chambers of Commerce and Industry) in New Delhi. He spoke for 35 minutes to a packed, standing crowd, interrupted only by the laughter of his jokes and the occasional rude cellphone. I am compelled to write this (long) post, because I must [...]
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