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Economics

Economics is a fascinating subject. It has always allured me, though I have never been able to form an opinion on any topic I have come across yet. G.B.Shaw once famously quoted “If all economists were laid end to end, they would not reach a conclusion”. Maybe this is not a derogation, maybe this is what makes economics interesting. Of course, in the light of the economic disaster we are witnessing now, it is disturbing to find economists world-wide can not agree on a single cause or cure. A number of prominent economists are facing heat for not foreseeing it.

Many theories on the economic meltdown are floating around and some are being formulated even as I write this piece. I have read several non-detailed reports on the cause and all of them seem to make sense to me! Nevertheless, I came across a speech by S.Gurumurthy recently and found it really interesting. He is of the opinion that the economic collapse mirrors the loose cultural foundations of America and the Western world. Sounds logical right? But you would be surprised to see how profound the implications of this seemingly obvious equation are. This is the link for the first part of the speech and there are 5 or 6 parts that follow this. It might be a tough watch, but I think it was pretty interesting.

And while we’re on economics, try reading India Unbound by Gurucharan Das. Again, tough read, by very interesting. He explores the Indian economic freedom (till where I’ve read, which is not much). I hope to finish reading it soon and try to summarize in the hope of understanding it better.

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Not my job..

One of the professors in my department has this image pinned on the notice board, outside his office. A brilliant photo that shows everything (and philosophically the only thing) wrong with us…

Not my job...

Need I say more? 🙂

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