The New Bretton Woods : Where The Trade Wars Are Headed
In 2005 the United States is projected to run a trade deficit of $806 billion, up from $668 billion in 2004. The International Monetary Fund
Macroeconomics
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The Politics & Economics Of Sugar : The Ordinary, The Pedestrian & The Unique
In common with the rest of Indian agriculture, the sugar sector has certain features that are common with other forms of land usage, but in
Macro-shamonomics : The Flaws Of Macro-Economics
There was a time when ‘doctors’ used to bleed patients with mental health problems (on the diagnosis that ‘the devil has got ‘em’). That used
The Ghetto Mentality : The Rule Of The Silent Majority
A ghetto is defined as a living area occupied by a minority. It also refers to the restriction to an isolated or segregated group operative words
The Nirav Moment : When Instability Follows Stability
In 1992, for those old enough to remember, there was a sub-scam to the Harshad Mehta scam, the LC scam. In which, I recall hazily,
The Python Under The Boat :Carry Trading Pressures in The Indian Re
Carry trading pressures in India are huge and terrifying. India had not financed its CAD from a capital account, leaving a gap of $ 10
Do Lower Prices Cure Lower Prices? : Or Are Oil Prices Going To Be Lower For Longer?
The theory behind cycles goes something like this. Starting with low prices (say, in the oil sector), which is a commodity (i.e. many buyers and
When The Music Stops : How To Call A Bubble
In the beginning, there was virtue. Adam Smith’s Economics postulated that free markets would, in the medium term, automatically provide full employment, as long as
Full Of Holes :The Problems With The Old Economics
“Too large a proportion of recent ‘mathematical’ economics are mere concoctions, as imprecise as the initial assumptions they rest on, which allow the author to
Garbage In Garbage Out How Cock-Eyed Is Economics?
The Law of Unintended Consequences was propounded by a sociologist, Robert Merton, and is officially not part of Economics. Just why is Economics, which once
