| Think about the risks | 15-OCT-09 |
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| Interest rates: Near-zero policy interest rates are powerful. If the claims of financial economists are to be believed, they are holding up economic activity and bank balance sheets. But their magic isn’t only beneficial. They also distort behaviour in dangerous ways. |
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| Bhupesh Bhandari: The basket case of Uttar Pradesh | 09-OCT-09 |
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| Business Standard Hindi had, some days ago, organised a roundtable in Lucknow. The idea was to bring together bureaucrats, economists and industry for a discussion on industrial development in the state. From the word go, businessmen proved very difficult to get. Normally, they are more than happy to get a platform to interact with top bureaucrats. Here, on one excuse or the other, they all opted out. |
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| V V: Keynes - The Master returns | 03-OCT-09 |
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| Unlike the Chicago economists under Milton Friedman who argued that the unrestricted operation of private enterprise—seen as the most efficient form of economic organisation—was essential for economic development and that prices should be determined purely by market forces and inflation controlled by means of controlling money supply, Keynes, the most influential macroeconomist of the 20th century, had argued in his classic work, The General Theory of Employment, Interest and Money, that there is uncertainty in the world—uncertainty that cannot be reduced to statistical probabilities and has come to be described as “unknown unknowns.” This irreducible uncertainty, he said, lay behind panics and bouts and the instability of market economics that we see around us today. |
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| Too few good men | 22-SEP-09 |
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| If Kaushik Basu of Cornell University is chosen as the next chief economic advisor in the finance ministry, and Subir Gokarn of Standard and Poor’s as deputy governor in the Reserve Bank of India, the government would have made a significant departure from the convention of filling such top-level positions with economists who have prior experience of working within the government system. |
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| Alok Sheel: Of economists and historians | 13-JUN-09 |
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| As an erstwhile keen graduate student of history who stumbled into finance and economics as a professional hazard, I was not a little bemused by the recent spat between Paul Krugman and Niall Ferguson, first in public debate, and subsequently spilling over onto the pages of Financial Times. Unsurprisingly, the Nobel Laureate and Princeton economist faulted the Harvard historian for his shallow understanding of economics, in this case the theories of John Maynard Keynes. |
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| Factory output grows after 2-month decline | 13-JUN-09 |
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| Industrial output expanded 1.4 per cent in April after two months of decline, leading experts to predict that the economy had bottomed out. A return to 8-plus per cent industrial expansion was, however, some time away, they added. |
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| Experts tell FM to step up spending in infra | 04-JUN-09 |
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| Leading economists today asked Finance Minister Pranab Mukherjee to have provisions in the Budget to step up public investment in infrastructure to boost the economy reeling under the impact of the global financial meltdown. |
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| Economists raise growth forecasts after elections | 04-JUN-09 |
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| Prospects of a stable government at the Centre have prompted at least six economic forecasters to raise their growth estimates for the current fiscal, citing lower-than-expected political risk after the recent general elections. |
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| PM meets key economists | 13-MAY-09 |
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| Prime Minister Manmohan Singh today held discussions with key economists on a day the country’s industrial output contracted to a 16-year low amidst global economic downturn. |
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Content Guide
