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Tag Archives: Discussion

How women started but got crowded out of the computing revolution…

One just blogged about women stockbrokers in NYSE. Then was reading this article by Tamal Bandypadhyaya on how with each subsequent data, men are being seperated from boys in Indian banking. To this Bindu Ananth  of IFMR Trust tweeted and rightly so : “Given that a majority of banking assets are managed by women CEOs, the title needs editing”. Indeed! As one finished Tamal’s piece, popped another piece from Stephen Mihm in Bloomberg View. He writes how computing or software coding was...

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Christanity: How an obscure oriental cult in a corner of Roman Palestine grew to become the dominant religion of the Western world?

Michael Kulikowsky (Professor of history and classics at Pennsylvania State University) has a piece on the topic: Apart from the small and ethnically circumscribed exception of the Jews, the ancient world had never known an exclusivist faith, so the rapid success of early Christianity is a historical anomaly. Moreover, because some form of Christianity is a foundational part of so many peoples’ lives and identities, the Christianisation of the Roman empire feels perennially relevant –...

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How Haiti Dollar is just imaginary money…

Federico Neiburg of Museu Nacional, Universidade Federal do Rio de Janeiro has a superb research piece (HT: JP Koning who else). Haiti Dollar is just imaginary money. The currency is neither traded or exchanged but used as a unit of account. So you buy/sell anything in Haiti, you will be quoted prices in Haiti Dollars but paid in some other currency! I examine here a singular feature of the Haitian monetary universe: the generalized use of a currency without any material existence, past...

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Infosys saga further dents image of corporate governance in India’s top firms….

Unbelievable scenes in the op echelons of India’s corporate sector. There is a simmering corporate governance crisis in firms that were once seen as Synonyms for ethical governance. After the Tata Saga, comes the Infosys saga and this one is even more strange, The promoters of Infosys made big noises on how the firm will not be run by family members and will be run Professionally. However, in just a few years one of the promoters keeps looking for ways to come back to the firm. Today...

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What are the moral limits of markets? Michael Sandel edition..

An alternate perspective from Prof Sandel. Persuasive stuff… div{float:left;margin-right:10px;} div.wpmrec2x div.u > div:nth-child(3n){margin-right:0px;} ]]> Advertisements This entry was posted on August 18, 2017 at 12:33 pm and is filed under Discussion, Economics - macro, micro etc. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or...

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Why have a Museum of Finance? (Lessons for Museums of Finance in India..)

A nice piece (old piece in 2012) by Prof Richard Sylla of NYU in the Financial History publication released by Museum of American Finance. He narrates several examples from financial history to show why a Museum of Finance is really important. These several examples show the importance and power of finance. Apart from this, these museums also shows importance of financial education which is poor amidst most people. A museum with right kind of communication technologies helps in many ways...

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One-way ticket: Gujarat crematorium offers smooth flights to heaven

The enterprising spirit of Gujarat knows no limitations. In South Gujarat’s Bardoli (Sardar Patel fame), a crematorium has been designed like an airport. The idea is to convince the family/friends of deceased one that the life has not ended but the person has left for heavenly abode: One is called the Moksha (salvation) Airlines and the other Swarg (heaven) Airlines, and both are promising turbulence-free travel topped with a smooth takeoff and perfect landing on arrival. But the offers...

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Ladies of the Ticker: Pioneering Women Stockbrokers from the 1880s to the 1920s in New York..

George Robb (Prof of History at William Paterson University of New Jersey) has a nice piece: During the late 19th century, a growing number of women were finding employment in banking and insurance, but not on Wall Street. Probably no area of American finance offered fewer job opportunities to women than stock broking. In her 1863 survey, The Employments of Women, Virginia Penny, who was usually eager to promote new fields of employment for women, noted with approval that there were no...

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Sunk cost lessons from Ajay Devgn..

Amit Varma’s latest article on Housefull Economics: ‘Maine pyaar tumhi se kiya hai/ Maine dil bhi tumhi ko diya hai/ Ab chaahe jo ho jaaye/ Main duniya se ab na daroon/ Tumhi se main pyaar karoon.’ — Ajay Devgan in Phool Aur Kaante Many years ago, at the tender age of 17, I went to watch the first-day-first show of Phool Aur Kaante in a theatre in Pune. We couldn’t get balcony tickets — who remembers ‘balcony’ in this age of the multiplex? — and had to settle for front-row seats in the...

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If Indian economy is indeed weak and needs deep rate cuts, why all growth projections show high accelerated growth?

Yesterday released MPC minutes were full of contradicting views. Some members believed that 7th Pay commission will lead to higher inflation, but one member said it will just be transient. Some expected farm Loan Waivers to have higher fiscal slippage but the same member said worries are overstated. However, this one from Michael Patra who votes for Status quo summed up much of the ironies in projection industry of Indian economy: 44. I have consistently maintained that an inflation...

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