And just in time for April Fool's Day. I wonder what the newspapers around the world will unleash on the unsuspecting on April 1st. The greatest April fool's joke is undoubtedly the Swiss spaghetti harvest of 1957. The BBC explained that the harvest was particularly bountiful not only because of the mild weather but also … Continue reading We’re back
. . . that the chief typewriter monkey has called in sick the last couple of days. Which also means that there will be no posts for the next few days. However, the management recommends the archives for your reading pleasure.
This is a personal post. Not exactly what I had for breakfast type of post but close. I clearly remember the moment when a light went off in my head. Brian Wright was teaching and we were talking about EV and CV. Equivalent variation and compensating variation, and the related concepts of "willingness to pay" … Continue reading An economics moment
This is a follow up to the post on Indian spending on education abroad. The actual spending may not be $13 billion annually but the argument does not change even if the figure was much lower. What matters is that it is indicative of a problem and we should be concerned about it. It should … Continue reading Education Spending
That's what a report in the Hindustan Times claims: US $13 billion each year. Figures such as these are unbelievable but I suppose someone must have done the numbers. In any case, I had estimated that number to be around $10 billion a few years ago. Let's pause for a moment and figure. $13 billion … Continue reading India Spends $13,000,000,000 on Education Abroad
Sir Arthur C Clarke 1917--2008 departed the planet yesterday for his rendezvous with Rama in geosynchronous orbit. Like millions of others of my generation, I grew up reading science fiction. I liked Arthur C Clarke the best. Based on his story "The Sentinel," the movie "2001: A Space Odyssey," is one of my all-time favorite … Continue reading Arthur C Clark: The Final Odyssey