The hang drum looks a bit like a flying saucer from some ’60s science fiction B-movie. But it does sound very nice. While the clip is loading, read below the fold about the hang drum.
Author: Atanu Dey
Economist.
The Indian Education System — Part 10
[Previous post: Part 9.]
The liberalization of the education sector in India, that is, allowing free entry – especially for-profit firms – will result in increased supply of educational services. Here I will explore the predictable consequences of this. We begin by recognizing that education is not an undifferentiated homogeneous good; there are distinct levels within it, from basic primary education to post-secondary and tertiary levels. Each level has different pay-back periods for the “return on investment.” Furthermore, different people have different abilities to pay for the various levels of education.
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Lee Kuan Yew
I came across this site lee-kuan-yew.com which appears to be a portal with information on Lee Kuan Yew, his speeches and his writings. I am pretty pleased that right up there is a link to one of my favorite series of posts on this blog: Lee Kuan Yew on India. Read it but be warned that it is a bit long and it is not a pretty picture. But then, when it comes to what I write about, it ain’t pretty anyway.
The Indian Education System — Part 9
Freedom
By liberalizing the education sector I mean that it has to be made totally free of government control and involvement. Whoever wants to provide educational services must be free to do so, be it domestic or international, for profit or not for profit, at the primary, secondary, or tertiary level. What would be the expected benefits of doing so?
The supply of educational services will increase, the quality will improve, and prices will come down. These are all everyday first-order efficiency effects of letting markets work. The second-order effects will be increased productivity, increased production, and better allocative efficiency within the sector. The third-order effects will arise from the increasing returns to scale associated with the production of education. Finally, there are very important forward and backward linkages that bind the sector with the overall economy. One of them is the use of information and communications technology (ICT) tools. It will give a boost to the IT sector in a way that is unthinkable in any other endeavor.
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Weep for Taslima, and then for India
I was born in India. Most of the time I am quite content that the land of my birth is not a hell-hole. But every now and then I am rudely awakened to the fact that to a very large extent, it is ruled by a bunch of slaves, criminals and myopic morons. I read Taslima Nasreen’s heartfelt question “What is my crime?” with rising disgust and distaste for what India appears to be at times — a pathetic Third-world country with the morals of a bottom-dwelling creature and the ethics of pond-scum. Read the whole thing by Taslima and weep — a bit for Taslima but a lot for Mother India. Here’s just the last bit.
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The Indian Education System – Part 8
Scarcity
Consider this list: cars, scooters, telephone service, airline ticket, seats in schools and colleges, electricity, and railway tickets. Think of the year 1980. Notice the common feature of the list: shortages. Now consider the list in the year 2007. Notice some things on the list are no longer scarce. It cannot be mere coincidence that only those items which the government has released it stranglehold on are no longer scarce. Could it be possible that if the government lets go of its vise-like grip of schools and colleges, that shortage of educational services will also be a thing of the past?
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Blinder on Offshoring
Alan Blinder claims that “Free Trade’s Great, but Offshoring Rattles Me” in a Washintonpost.com article. He has dug up an old 2004 US election issue. He begins with
I’m a free trader down to my toes. Always have been. Yet lately, I’m being treated as a heretic by many of my fellow economists. Why? Because I have stuck my neck out and predicted that the offshoring of service jobs from rich countries such as the United States to poor countries such as India may pose major problems for tens of millions of American workers over the coming decades. In fact, I think offshoring may be the biggest political issue in economics for a generation.
Hitchens, the American
So what do you know — Christopher Hitchens has become a naturalized American citizen. That’s simply great. I can prove syllogistically that Hitchens doesn’t think he is god. Here’s how:
1. Hitchens thinks he is great. (I agree.)
2. God is not great. (According to Hitchens as the title of his latest book is God is not Great: How Religion Poisons Everything.”)
3. Therefore, Hitchens doesn’t think he is god. Q.E.D.
(Proving Hitchens is allah is left as an exercise for the interested reader. )
Here’s Hitchens speaking with Lou Dobbs on CNN.
The Indian Education System — Part 7
Markets Work
Imagine for a bit what it would be like if education were provided by private sector firms. Can it be done? Would a socially optimal amount, variety, and quality of education be provided? Would there be market failures? If so, how can those market failures be corrected? Can one devise mechanisms to correct those failures?
The answer to whether the private sector can provide education is clearly ‘yes’ because around the world for a very long time private firms have provided education very successfully. Both private sector for-profit and not-for-profit business models exist. Education, at some level of description, is a service like any of a very large variety of goods and services provided very efficiently by the market. The generalization that markets work holds quite meaningfully in the specific case of education broadly.
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Stupidity Revisited
It’s been a while since this blog has visited Bush, the POTUS. Here’s Bill Maher psychologically analysing Bush at Crooksandliers.com. It is hard to comprehend the mentality of a population which voted for a stupid person like Bush not once but twice. Words defy me. Oh that reminds me, here’s a google video titled Words Defy Me by the incomparable Jon Stewart.
And talking of stupid people and their stupidity, read the Story of Stupidity at whereelse but stupidity.com. To get a quick feel for the book, I would recommend you read the last chapter, the Age of Arrogance. For the record, I quote the epilogue of the book here.
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Atanu Dey : Life is a Random Draw 