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Food Inflation in India
Grab any news paper these days and we read about how the inflation is persistent in India, no matter how much the central bank tries to curtail the demand. Most economists argue that supply side economics are playing havoc with the inflation, especially so with the food items. This is an excellent video from WSJ…
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Best of Android Apps for Galaxy SIII
As a reluctant convert from iPhone, I was surprised by the quality and the range of apps available on Android. For every app that I had cherished on iOS, there is a good enough replacement on Android. The best part is they look perfectly fine on my new Galaxy S3. Here are the screenshots of the apps…
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The Swanson Effect
Swanson’s law, named after Richard Swanson, founder of a solar firm, suggests that cost of solar cells will reduce by 20% with each doubling of capacity. We all know the Moore’s law and how it defined the technology boom. It seems that Moore’law has run its course , with Intel itself moving to a different…
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India Grows at Night (by Gurucharan Das)
In this book, Gurucharan Das tried to capture the inherent contradiction in our country and how it explains the state of economy and democracy in today’s India. Contemporary India is puzzling to outsiders. How is it that a country with a vibrant democracy and a fastest growing economy seem to be so badly governed? The…
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Breakout Nations
Can India be a breakout nation? is an excellent article about the potential of a country to become a breakout nation, that is to grow at a much faster rate than its peers with similar per-capita income. The factors that the author listed down are not the usual ones that we see in the newspapers and…
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Theory of Development
The Big Mac Theory of Development from National Bureau of Economic Research argues that it is not the people but their location that decides their wealth, after adjusting for purchase power parity. An employee in McDonald in India earns 1/3 of Big Macs per hour compared to similarly skilled employee in US who earns 3…
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The Perfect Hedge
It has come as a shock to many in Wall Street that an innocent hedge, from a bank known for its ability to manage risk, could go so horribly wrong. Dig deeper and the story is a bit different. Many argue that a hedging position taken to offset a certain risk could in fact be…
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China’s Dilemma
Over the last few weeks the political and economic turmoil that is unfolding in China is creating quit a stir. While many books and articles have predicted an impending political and economic crisis in China, the recent events are only reinforcing this view. Probably most of the doomsday predictions may never come true. It is…