It is difficult to place oneself in the national conversation without entering the hotly debated sphere of “sustainability,” and what needs to be done to create a “sustainable” future, characterized by the usage of resources such that future prosperity is not hindered. It would seem as though the key to ensuring the existence of sufficient […]
10
Dec
Dec
As I opined in my previous article, the RBI governor Dr. Urjit Patel has today resigned finally after a long tussle with the Narendra Modi government. As I discussed earlier, Modi government is under intense pressure to boost the growth and employment figures in the run-up of its reelection next year. The only way in […]
07
Dec
Dec
We saw the brilliant insight of Condillac in my last article. In the second part of his book Condillac discusses the evil effects of many different kinds of government restrictions on the free trade. He brilliantly uses the economic principles developed in the first part to prove his points. His arguments are so lucid and […]
30
Nov
Nov
In this article I am going to review French philosopher Étienne Bonnot, Abbé de Condillac’s monumental work, Commerce and Government considered in their Mutual Relationship. Condillac originally published this book in 1776, just few months before Adam Smith’s Wealth of Nations. Today the book is published by the Liberty fund and is available in both […]
17
Nov
Nov
In March 2017, the Modi government amended the Maternity Benefit Act to increase paid maternity leave from 12 to 26 weeks for all women employees in establishments employing ten or more people. At that time we wrote that the end result of this scheme will be more unemployment for women employees. Instead of getting any […]