I was recently asked my opinion on Islamic banking. I know next to nothing about that. I am told that it is against Islamic principles to charge interest on loans. As a liberal, I take the position that people ought… Read More ›
Month: March 2017
Understanding Economics is Easy
In the previous post “Economics and Physics” I briefly explored why the basic explanations of physics are hard to understand and why the basic explanations of economics are easy to understand. Physics is called a “hard science”. I believe it… Read More ›
Economics and Physics
Physics is Not Logical Nobel Prize winning New Zealand physicist Ernest Rutherford (1871 – 1937) is reported to have claimed that “all science is either physics or stamp collecting.” He evidently meant that physics is the only real science and everything… Read More ›
Lee Kuan Yew “Lessons in Leadership” — The Harvard Interview
What makes for a good leader? That depends on how you define good and the context — a corporation or a nation or a social movement. How much do qualities such as morality, integrity, intelligence and other personal traits matter?… Read More ›
In Celebration of Friedrich August von Hayek
Twenty-five years ago today, on March 23 1992, Friedrich August von Hayek died. Winner of the 1974 Nobel Memorial Prize in Economic Sciences, Hayek was an Austrian / British liberal. I consider him to be not just one of the… Read More ›
India Needs an Actually New Constitution
“Why India Needs a New Constitution.” is the title of the chapter I contributed to a Festschrift published in November 2016 by the Center for Civil Society in Delhi. That idea rubs Indians the wrong way because Indians generally believe that… Read More ›
Did You Agree to be Bound by the Constitution?
Some time ago I published the draft of a “Constitution for a Free India” (click to read, right-click to download pdf) which I propose should replace the current Indian constitution. In the preamble of the draft, it says — “… The… Read More ›
The Price of Econ Textbooks
I haven’t read these books that Amazon recommended to me via email today. But I hope that within the pages of these books the authors somewhere explain the economics of textbook publishing and why these books on the principles of economics… Read More ›
Happy Holi
Happy Holi everyone. One of the biggest Holi events in the US is held in the Sri Krishna Temple in Utah. This video is from 2012. Below the fold are a few pictures of Holi around the US. Source USA… Read More ›
Ask me anything: I am always amazed edition.
This ad is probably from the mid-1980s. A massive 26MB hard drive for only $5K. As the ad points out, that’s less than $200 per MB. Now that’s a deal you couldn’t have refused. We should note that $5K in… Read More ›
