How would you define prosperity of a society? This is a question many have been asking for so many years. The answers to this question lies in not finding the average income of the society – the metric used globally is – income per capita. This very simplified measure is Read more…
[Tweet “The problem with economic analysis is – it is always dependent on me Vs you or internal vs external. Would we be able to see a view where the analysis is done on a single monolith?”] I was reading an article which states that leading economists are now tilting Read more…
I was thinking about this strange experiment. What is we conclude end of day today that, everyone is given a new currency DMV (Digital Monetary Value) 2000. Any currency anyone has in his /her account is NULL except DMV 2000 after end of day today. Any other assets whatsoever are also NULL. This Read more…
What is free market? A very straightforward definition of free market is – a market system where prices of goods and services are set freely by consent of sellers and consumers. In very simple words – I have an apartment and want to sell it – I quote (asking rate) price of USD 100,000. Read more…
The Buddha shared his knowledge for free, you know these universities charge so much for the degrees! One argument could be – 1. That time was different. 2. The Buddha asked for bigger fee – leave all material possession, family, even ‘self’. What fee are you talking about? But yes, Read more…
Crisis unites, for how long? I was thinking about Quantitative Easing of Fed in the US. While thinking undoubtedly read G20 communique of 2009 e.g. London Summit here. A prologue about this communique. In 2008, US financial market collapsed. This resulted in domino effect across geographies. Every country, its financial Read more…
A few days back I completed this book Globalization and is discontent by Dr Stiglitz, a nobel laureate. I wrote on that recently – Interdependent co-arising a macroeconoics example. Besides this macroeconomics example, I had this intra-country example of the same concept of interdependent co-arising. Stiglitz has written so many Read more…
Businesses are made for profit making, is there a question in this assumption or argument? For the time being, I am assuming there is no doubt about the argument that business exist for making profit. I have been thinking about the topic of “measuring growth” I wrote recently. People may Read more…
“You have to move on from the posts, you dont hang around it – I was a post you have to move on now.” When Prof Lopez told me this in our last meeting at Dubai, I felt bad. He further added – “Once you pass standard 1st you move Read more…
The following are few dialogs (curtsey – www.imdb.com)… It is interesting so sharing on my blog. ‘How long will we live in the world of $!’ The concept of movie is based on how a news channel management and one of its anchor share relations and What happens in an Read more…