Is it possible that there could be large hordes of people unemployed in an economy while vacancies could mount at a staggering pace? Well that is not uncommon and India is not very far away from this paradigm. Labor markets
How to bring the elusive consumption back
Of all the reasons cited for GDP as a good measure, I like the connection to consumption; if consumption goes down there can be little respite to take the GDP up. Well there are some examples like China, which remains
Housing Sector: Size remains still so small
Income and wealth are correlated but one should not compare wealth with income; we do that often when we compare stock market wealth (market capitalization of corporations) or Housing Wealth with the GDP. Indian stock market for example is $2
World of Risk: Chances, Independent Events & understanding thresholds
Without probability theory, the world of risk would have been non-existent. For that matter the basic concept of independence of events is the foundation of insurance for risk. If the chance of an individual to die in an accident is
Unemployment-Vacancy Paradox
Is it possible that there could be large hordes of people unemployed in an economy while vacancies could mount at a staggering pace? Well that is not uncommon and India is not very far away from this paradigm. Labor markets
The Sustainability of Savings and Consumption
The world suffers from a general shortfall in demand; from automobiles to housing, this abounds in many facets. There is dearth in demand for goods that the poor consume as well, like food, clothing, basic infrastructure, the world over. The
Trading Labor & Capital across borders: Tariff is zero sum
Paul Krugman ‘s Nobel was dedicated to the solving of puzzles around trade; he completed the unfinished work of several centuries starting from Say, Ricardo, Chamberlin, Stiglitz-Dixit et al. Why trade would happen between completely similar countries with same factor
Abhijit Banerjee, Esther & Kremer Nobel Prize: More questions than answers
If you were thinking who were the most frequently travelled people in India and the answer is not difficult to give, they are the artisans, masons, construction workers, shutdown crew, who move not only from one state to the other,
Abhijit Banerjee, Esther & Kremer Nobel Prize: More questions than answers
If you were thinking who were the most frequently travelled people in India and the answer is not difficult to give, they are the artisans, masons, construction workers, shutdown crew, who move not only from one state to the other,
Conquering Randomness: The Science of achieving consensus & alignment
Variables around us find it difficult to conform to a trend, a pattern or predictability; the curves we try to fit are a bizarre approximation of what actually they constitute, while business is predicated not on probabilistic distributions but deterministic