The Indian central bank RBI recently said that, Indian government consumption key to growth in economy amid pandemic. Indian government spending will support the economy during the pandemic, but private consumption will be needed to drive any economic recovery once the coronavirus threat eases. Is it so? Is government spending and consumption key to growth? […]
23
Jul
Jul
We are entering the last months of the tumultuous year of 2020 and the Covid-19 Pandemic is still with us. As I am writing, the total number of worldwide cases have crossed 15 million mark which actually is nothing, 0.19% of total 7.8 billion world population, when we consider all the hype created around this […]
27
Jun
Jun
Covid-19 related lock down is still in place in India in many states. Even after imposing this draconian lock down, the number of cases in India are rising by tens of thousands daily and India is soon going to be on number one spot about Coronavirus positive cases. This should raise an important question in […]
23
Jun
Jun
The great American journalist, essayist, satirist and cultural critic H L Mencken used to say, The most erroneous assumption is to the effect that the aim of public education is to fill the young of the species with knowledge and awaken their intelligence, and so make them fit to discharge the duties of citizenship in […]
17
Jun
Jun
Praxeology is a science of human action where we logically spin out all the laws of human action starting from an a priori axiom of human action which is apodictic in nature i.e., necessarily true. In this article I am going to use praxeology to understand and then deduce some of the possible outcomes of […]