A Primer on Economics: the disastrous impact of the Nehru Rate of Growth

Counterfactuals are generally instructive and entertaining. But in some cases, it can be deeply distressing to consider them. Those leave us sadder although wiser. And at times they provoke us to anger and outrage More...

A Primer on Economics: Counterfactual exercise in India’s GDP

There comes a time in every endeavour when it becomes imperative that one does a bit of arithmetic. One of the co-founders of the field of artificial intelligence, the late John McCarthy of Stanford University used More...

A PRIMER ON ECONOMICS: RULES OF PROSPERITY

Different parts of the world have different degrees of prosperity. That fact is so obvious, persistent and ubiquitous that it is not the least surprising to us. It is almost as if it is an unalterable feature of More...

A PRIMER IN ECONOMICS: Prosperity

Economic prosperity is neither impossible nor inevitable. There are scores of examples on either side of the prosperity divide. From these we can learn quite a bit about what it takes to be economically successful. Prosperity More...

A Primer in Economics: Theft

Introduction Why are some countries poor while others rich? That’s a more complex question than the question why a particular person is rich and another poor. The difficulty in the latter case arises because an More...