| Indian appointed to key IMF post | 22-NOV-09 |
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| With an experience in managing complex work programmes, Indian economist Siddharth Tiwari has been named as secretary of the International Monetary Fund (IMF) by its Managing Director Dominique Strauss-Kahn. |
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| Subir Gokarn appointed RBI deputy governor | 19-NOV-09 |
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| The government today appointed Subir Vithal Gokarn, Standard and Poor’s Asia-Pacific Chief Economist and a Business Standard columnist, as the fourth deputy governor of the Reserve Bank of India (RBI). |
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| The lost community of economic ideology | 12-NOV-09 |
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| The genesis of the idea that shapes this book is a small village close to Delhi. In 1963, Stephen Marglin was part of a team of advisers to the Planning Commission and the question that engaged him then was the reluctance of farmers to adopt new farming techniques that promised dramatic increases in production and income. Were these farmers the exception to the logic of homo economicus who is forever seeking to improve his lot? So he went to Dhabi Kalan, a village some 150 miles north of Delhi, to find some answers and it was here that a new world opened up to him. It was in the encounters with Dhabi Kalan that this economics professor discovered the importance of the community and this set him on a quest that has resulted in The Dismal Science: How Thinking Like an Economist Undermines Community. |
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| T N Ninan: Hold fast | 31-OCT-09 |
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| Since the 1992 Earth Summit in Rio, the generally accepted index used in discussions on climate change was the per capita emission of greenhouse gases. With emissions per head that were 10 times India’s, the United States was, therefore, obligated to do more than India when it came to corrective action. That was the basis of the Kyoto Protocol of late 1997, under which the biggest polluters (the rich countries) took on commitments to reduce their emission levels. |
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| Subir Gokarn to become RBI Dy Governor | 28-OCT-09 |
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| Global rating agency Standard and Poor's (S&P) Asia-Pacific Chief Economist Subir Gokarn will be the new deputy governor of the Reserve Bank of India (RBI), Finance Minister Pranab Mukherjee said today. |
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| 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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| Latha Jishnu: Recession and the global patent effect | 30-SEP-09 |
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| What happens when the apex patents organisation brings an economist, sorry, a chief economist, on board? You get a report that links the impact of the economic crisis to patent filings and seeks to explain a complex pattern through a fixed prism. You also get a report with a snappier title even if its conclusions are not entirely convincing. |
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| Ratan Tata bags award from The Economist | 29-SEP-09 |
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| UK-based news magazine, The Economist, today named Tata Group Chairman Ratan Tata as the winner of the eighth edition of its annual ‘Business Process Innovation Award’ for the successful development and launch of the world’s cheapest car, the Tata Nano. In a statement, the magazine said Tata was selected for “...forging a company that is shaping businesses across the globe and changing the way Indian companies conduct business. |
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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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Content Guide
