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…
Do markets have morals? When I read Mr Rajeev Mantri’s article “The morality of markets” (Link) in the Livemint, I asked this simple question to myself. Various things came to my mind – i. financial meltdown(s) there are numerous examples of past; namesake recent one in 2008 ii. real estate Read more…
I have read Dr Joseph Stiglitz. He is a Nobel prize awarded economist. The book I read first was Globalization and its discontents and recently I started reading The price of Inequality. I realized that Dr Stiglitz may not be the so called capitalist economist, he is capitalist but with Read more…