Monthly Archives: March 2013

Economics is not mathematics

economic_divideThere is a delusion policy makers and people are currently living in, and needs serious examination – that the economists have scientific answers, and know what is best for a country. It must be understood that economics is different from mathematics. It is more interpretative than absolute. Every economic argument has a counter argument. Every model of economic theory has its success stories to share, and failures to be ashamed of. Continue reading

Epic failure

failureCaste and religion based politics has hurt this system for long now. Lack of long term vision and populist statesmanship is the biggest problem Indian politics faces today. Even if for a while, we admit that communal politics is the unfortunate reality of India, our present government has proved that not only are they bad administrators, but equally stupid politicians- even when it comes to petty politics! Continue reading