Getting around in most Indian cities is no cake walk given the awful traffic. What makes the experience worse is that quite frequently addresses are hard to locate. I was in Delhi recently and was trying to locate L-1/18 in… Read More ›
Uncategorized
Wealth of Nations — Part 5: Markets
I like to quote Ludwig von Mises to my socialist friends (who also do double-duty as the enemies of humanity in keeping with their ideology). Mises wrote, “A man who chooses between drinking a glass of milk and a glass of… Read More ›
Friends of Poverty, not the Poor
Visiting India for even a short while reminds me of a favorite quote from Samuel Johnson (1709 – 1784). In his 1775 work Taxation No Tyranny he pointed out the terrible hypocrisy of the American leaders who were fighting for their… Read More ›
SFO to BOM
On board Turkish Airlines flight 80 from San Francisco to Mumbai via Istanbul. This too
On Islamic Banking
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 ›
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 ›
The Demand and Supply of Fines and Corruption
A comment on the last piece prompts this tiny lesson in microeconomics. “Corruption is one big pain point in the economic growth of a country. I have this funny idea but would like your inputs from an economists perspective. If… Read More ›
Why does India grow so fast if its education system is so poor?
We have to admit that India’s education system gets an F grade. India does not feature in any of the world rankings of universities. Sure there is a lot of hype about the IITs but aside from the delusions of… Read More ›
