Isn’t China Socialist? What about Motivations?

My apologies for not keeping in touch. I am afraid that this dry spell on my blog is going to continue for a couple of weeks more. I am on a road trip and the whole of the coming week I will be on the road to Yellowstone National Park. So I thought I would reply to a few recent comments on this blog.
Continue reading “Isn’t China Socialist? What about Motivations?”

Building New Cities: A review

Rediff recently published a slide show titled “India’s soaring ambition: 5 new cities by 2015“.(Hat tip: Sudipta Chatterjee.) I am thrilled to see that some Indian leaders are thinking big. Narendrabhai Modi, the chief minister of Gujarat leads in thinking big about India’s urbanization. Continue reading “Building New Cities: A review”

Why Socialism Fails: A Parable

This is a parable that succinctly illustrates why socialism fails. It fails because of one fundamental feature of human nature: people respond to incentives. Actually, the most important lesson one learns from a study of economics is just that – incentives matter. Here’s the story. Continue reading “Why Socialism Fails: A Parable”

You are what upsets you

I think nothing better reveals character than things that a person gets worked up about and is upset by. Perhaps that holds good at the level of the collective as well. I believe that people are more propelled to act on their revulsions than their attractions because the former protects them from harm and has survival value. People more often take to the streets against a negative (or a perceived negative) than for a positive. What brought this to mind was a recent column TIME magazine column by Joel Stein.
Continue reading “You are what upsets you”

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