governance, political economy, institutional development and economic regulation
(Photo credit: viewpatna.blogspot.com) We are, for the most part, what institutions make us. Some of us, who are exceptional, disrupt the status quo and change the universe. But generally, such special talents are best in small doses. India has too little of compliance with formal institutional norms and a little too much, of the libertine spirit. […]
Read More Budget to Build Institutions(photo credit: http://www.ndtv.com) The Republican sweep of the mid-term Senate elections in the US closely resembles the Modi wave in India. In both cases, electoral disgust with wooly idealism and unfulfilled promises fueled the wave. In the US, Janet Yellen, Chair of the Federal Reserve caused a stir on October 17 by labelling as “stagnant” […]
Read More India-US in sync: wooly Liberals out, pragmatic Conservatives in(photo credit: wikipedia) Paul McCartney -he of the long, brown hair who hung out in the company of the Beatles in the 1960s-wrote this song when he was just 16. Clearly he was not an economist and didn’t need to be hesitant about asking his “love” to project forward by 48 years, her likely feelings […]
Read More When I’m 64
Opinion India 