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Tag Archives: Discussion

How a dam was built on river Cauvery by M. Visvesvaraya and led to sharp criticism..

Bharat Ratna M. Visvesvaraya was born on 15 September 1860/1861. Prof Aparajith Ramnath of Ahmedabad Uni writes a superb account of how Visvesvaraya built the dam on river Cauvery against all odds. And how the expenditure on dam met with sharp criticism: Paris and the Eiffel Tower, San Francisco and the Golden Gate Bridge, Kolkata and the Howrah Bridge: some cities are fused in the imagination with iconic engineering works. If the more modestly sized city of Mysuru has such a...

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Afghanistan Crisis: US President Joe Biden knew what British Prime Minister Clement Attlee knew in 1947…

Ian Buruma reflects on the Afghan Crisis. He says US President Joe Biden knew what British Prime Minister Clement Attlee knew in 1947: On February 20, 1947, Clement Attlee, the socialist British prime minister, informed parliament that India would become independent no later than June 1948. Attlee could not wait for the British to withdraw from a country whose leaders, Muslim and Hindu, had long been clamoring for independence. But India was seething with violent unrest. Muslim leaders...

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What’s worth knowing in economics: Less finance & micro and more welfare & history?

Peter Andre and Armin Falk survey 10000 academic economists to find what is worth knowing in economics. They present their findings on voxeu: Research shapes policy. But what we choose to study is subjective. This column uses a global survey of almost 10,000 academic economists to find their opinions on what economic research should look like. Many economists think that economic research should become more policy-relevant, multidisciplinary, and disruptive, and should pursue more...

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There’s No Say’s Law in Classroom Teaching

What a blogpost from Ashish who writes the Econforeverybody blog. Yes, that’s not exactly what he said, but I’m going with the definition we all “know”. And I’m going to repurpose that popular definition for going on a rant about classroom teaching. Supply does not create its own demand. That is, the supply of education in the classroom does not create the demand for education in the classroom.  Do you have a memory of staring out the classroom window, having given up on waiting for time...

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Selling the 786 series Indian currency note on ebay

Interesting bit of news on DNA: There are many people in the world who love to collect antique things, including old and rare notes and coins. If you are in possession of old and rare coins or notes, then you can get lakhs of rupees in return. Yes, you read that right. An old note of the 786 series can help you earn as much as Rs 3 lakh by sitting at home.  It does not matter how many such notes you have, whether you have 5, 10, 20, 50, 100 notes, but the number 786 should be printed on...

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Bigger isn’t better – the renegade ‘Buddhist economics’ of E F Schumacher

Aeon has a 19\ documentary on EF Schumacher’s work/life: ‘Like all good revolutionaries, he travels light…’ A protégé of John Maynard Keynes, the German-British economist Ernst Friedrich ‘Fritz’ Schumacher (1911-77) came of age in step with his contemporaries who emphasised growth as they endeavoured to rebuild the modern world following the Second World War. Midway though his career, however, Schumacher began to believe that the increasingly complex global economy and the increasingly...

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Kaun Banega Crorepati ‘s 7 crore question, Indian Economic History and Dr Ambedkar

In the Kaun Banega Crorepati yesterday, the contestant Himani Bundela (what a story of a disabled person beating all) reached the highest question of Rs 7 crore. Surprising, the question came from Indian economic/monetary history: As a student of eco history, I was obviously jumping knowing the answer even before the options came on the screen. Ambedkar’s LSE thesis on The Problem of the Rupee is one of its kind with deep dive in Indian monetary history. He even debated what kind of a...

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75 years of Orwell’s Animal Farm: A classic of all time

Animal Farm was published in England in 1945 and in 1946 in US. Mark Satta pays tribute and says how the book and Orwellian opposition of totalitarianism remains as relevant as ever. This entry was posted on August 27, 2021 at 5:54 pm and is filed under Discussion. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Paying via (smart) wrist watches in India..

RBI has allowed one to make digital payments via different consumer services: We invite reference to our circular DPSS.CO.PD No.1463/02.14.003/2018-19 dated January 08, 2019 on “Tokenisation – Card transactions”, permitting authorised card networks to offer card tokenisation services to any token requestor, subject to the conditions listed therein. The facility was available only for mobile phones and tablets of interested card holders. There has been an uptake in the volume of tokenised...

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The origins of humble masala dosai..

Who can lay claim to the masala dosai? Venkataraghavan Srinivasan in this TheFederal article explores the question: The humble dosai’s origin has been documented clearly to be from ‘Tamilakam’ backed by Sangam literature by food historian K T Achaya, who argued that ‘dosa’ was already in use in the ancient Tamil country around the 1st century AD. The polemics on this topic gets conflated with historian P Thankappan Nair’s claim that ‘dose’ originated in the Udupi town of present-day...

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