Analysis


FALSE PROPAGANDA ABOUT SLOW DOWN OFINDIAN ECONOMY Saturday, September 14th, 2019

During the last few weeks, there have been several “ scholarly” discussions and articles in the media that Indian economy has now slowed down and some of these commentators go to the extent of saying that India is now facing a grim economic crisis that is unlikely to go away in the near..

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India’s Democratic Dictatorship Friday, September 13th, 2019

Amid much fanfare, Indian Prime Minister Narendra Modi’s government has completed a hundred days of its second term. Despite his government’s poor record, Modi remains immensely popular personally. This does not bode well for Indian democracy. The Modi government’s supporters tout a slew of..

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Farewelling Dr No: The Sacking of John Bolton Thursday, September 12th, 2019

It was compelling viewing (one does not so much read Twitter as see it as a series of violent flashes). John Bolton, the armed-and-ready national security adviser who has been tiring of the US President’s jerks and adjustments, had floated the prospect of resignation. “I offered to resign last..

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Is Arab Unity Dead?

Historically, the task of promoting multilateralism in the Middle East has rested with two institutions: the League of Arab States, a broad alliance for collaboration on political, economic, and cultural issues, and the Gulf Cooperation Council (GCC), which deals mainly with economic matters...

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Preventing Cold War II Wednesday, September 11th, 2019

When world leaders gather in New York later this month for the annual United Nations General Assembly meetings, they will have much to discuss besides climate change and sustainable development. In particular, the escalating superpower rivalry between the United States and China poses a growing..

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Should We Worry About Income Gaps Within or Between Countries? Tuesday, September 10th, 2019

At the beginning of classes every autumn, I tease my students with the following question: Is it better to be poor in a rich country or rich in a poor country? The question typically invites considerable and inconclusive debate. But we can devise a more structured and limited version of the..

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What Economists Still Need to Learn Monday, September 9th, 2019

Macroeconomics was one of the casualties of the 2008 global financial crisis. Conventional macroeconomic models failed to predict the calamity or to provide a coherent explanation for it, and thus were unable to offer guidance on how to repair the damage. Despite this, much of the profession..

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Boris Johnson Trips: Duvets, Toothbrushes and the House of Lords Sunday, September 8th, 2019

In 2017, MP Jacob Rees-Mogg, a Tory creature trapped in cold storage, suggested that the UK’s withdrawal from the European Union was tantamount to fighting the battles of Agincourt, Waterloo and Trafalgar, a true statement of British strength. (Much inconsistency there, but let him ride with it.)..

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Robert Mugabe’s Legacy: Revolution, Amity and Decline Saturday, September 7th, 2019

Robert Mugabe is the sort of figure that always caused discomfort. He was a permanent revolutionary, becoming, in time, the despotic ruler who frittered away revolutionary gain. He played multiple roles in international political consciousness. As Zimbabwe’s strongman, he was demonised and..

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The Rule of Lawyers Friday, September 6th, 2019

Law professors are apparently chafing at the confines of traditional law and economics, an academic subfield that emerged when intermediate-level microeconomics was imported wholesale into law. Proponents of law and economics largely succeeded in displacing previous, ethics-based modes of..

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The Biomedicine Threat

Biomedical advances in recent decades have been hugely beneficial – most of all for the world’s poor, whose life expectancy has increased dramatically. But the future looks more dangerous. Although continued innovation will further improve people’s lives, it will also give rise to new..

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Why Climb Mount Everest? Thursday, September 5th, 2019

In 1953, when Edmund Hillary and Tenzing Norgay became the first people to reach the summit of Mount Everest, I was seven years old. For a time, I was immersed in the stories of the epic climb. It seemed like an achievement for all of humankind, like reaching the South Pole. Would there still be..

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Britain’s Enemy of the People? Wednesday, September 4th, 2019

The idea that British Prime Minister Boris Johnson is a man of the people, a tribune of the common man fighting the established elites, might seem anomalous, even outright bizarre. After all, Johnson is a perfect example of the English elite: educated at Eton and Oxford, and possessed of all the..

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Inevitable Withdrawal: The US-Taliban Deal Tuesday, September 3rd, 2019

It took gallons and flagons of blood, but it eventuated, a squeeze of history into a parchment of possibility: the Taliban eventually pushed the sole superpower on this expiring earth to a deal of some consequence. (The stress is on the some - the consequence is almost always unknown.) “In..

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Myths of Kashmir

The Indian government’s recent decision to revoke Kashmir’s special semi-autonomous status has raised fears of yet another conflict with Pakistan over the disputed territory. But in order to understand the implications of the events unfolding in Kashmir – a heavily militarized geopolitical..

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Capitalism in the Last Chance Saloon Monday, September 2nd, 2019

This year, the evidence that global warming is occurring, and that the consequences for humanity could be severe and potentially catastrophic, has become more compelling than ever. Record global temperatures in June and July. Unprecedented heatwaves in Australia and India, with temperatures above..

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Tradition, Marketing and Blacked Cognac Sunday, September 1st, 2019

The moment the liquid hits the mark, lips on the balloon rim, the hand having swirled the mellow colouring to life, the throat anticipates. It is tenderising, the gentle burn finding its way down to the belly. Most cultures have their tribute of firewater, or hellfire’s brew, but France’s..

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How China Can Reach its Centennial Goal Monday, October 14th, 2019

Two years ago, Chinese President Xi Jinping declared that by the time the People’s Republic celebrates its centenary in 2049, it should be a “great modern socialist..

The Insanity of Austerity Sunday, October 13th, 2019

Significant protest by Tibetans at Chennai Saturday, October 12th, 2019

Europe Needs a Serious Nuclear-Energy Debate Saturday, October 12th, 2019

The Climate Kids Are Right Friday, October 11th, 2019