Tag Archives: Government

Will Working 70 Hours a Week Make India Great?

Speaking in a recent interview the founder of IT company Infosys Mr. Narayan Murthy said, “My request is that our youngsters must say ‘This is my country I want to work 70 hours a week’,” he said, adding “this is exactly what Germans and Japanese did after the Second World War.” “I hope our corporate […]

Does Inflation Have a Good Side?

Some old fallacies never die no matter how hard we try to expose them. The fallacious notion of the virtues of inflation among some of the mainstream economists and media pundits is one such fallacy. Such fallacies are the result of a total misunderstanding of how an economy works. Mainstream economists and pundits, who rely […]

Economics of Pollution

In the list of the world’s top polluted cities majority are from India. India’s capital New Delhi is again in the grips of very hazardous pollution. Delhi government has shutdown schools, I have no idea how shutting down schools will stop or lessen pollution or keep children healthy but that is a question for some […]

A Radical Political Proposal for India

When it comes to the political choices in India, Indians have no real choices. All political parties in India, in one form or another, are wedded to the ideology of socialism and its variants like communism. Whether it is the ruling BJP party or the major opposition Congress party or the Aam Aadmi Party, they […]

Economics of Corruption

Corruption has been maligned by everyone as if it is something bad and has to be condemned and removed from society forever. Transparency International defines corruption as, We define corruption as the abuse of entrusted power for private gain. Corruption erodes trust, weakens democracy, hampers economic development and further exacerbates inequality, poverty, social division and […]