Category: Society

March 28, 2021

Of Men, Women and Other Creatures

A little book available at themabooks@yahoo.com Excerpt from the first story — Contents Maganlal Magicwallah Debu-da: Large Man in a Larger World A Flat Atop the New Market Girls Vanish The Dog and I Of Crows and Men
June 2, 2020

The Covid Paradox — Keynes turned around

The Indian economy, which was facing demand deficiency and slowdown prior to theCovid-19 outbreak, plunged further with the lockdown. The present exercise represents the current problem as a typical demand constrained Keynesian equilibrium, afflicted further by demand and supply failures generated by transaction costs. The resulting scenario resembles a “supply constrained” Keynesian equilibrium.
August 23, 2019

Finding the Real

Click to access 26072019-MD-HR-12.PDF
June 19, 2018

CNBC TV18 Column

CNBC TV18 column.
November 15, 2016

The Price Being Paid

There is an elementary piece of economic truth that remains unshaken since time immemorial. Put simply, it runs: “Nothing comes from nothing”! Or, using economic jargon, there is a price to be paid to ensure any outcome that generates comfort. At the level of the individual, a decent dinner calls for a payment. At the…
May 9, 2016

Naiveté of Civil Society and the Bengal Elections

The Holy Roman Empire – which, according to Voltaire, was neither “Holy”, nor “Roman” nor an “Empire” – lasted for a thousand years. And it took an insatiable Napoleon Bonaparte to bring it to its knees. By comparison, three decades and a half of Left rule in the state of Bengal would appear to be…
December 30, 2015

Investigating Investment

Published in The Telegraph, Kolkata on 30 December, 2015. Listening to the acrimonious debates surrounding West Bengal’s inability to attract high profile investments, an economist ought to ask two important questions; ques-tions which might even appear to contradict one another. First, why are investors reluctant, if they indeed are, to invest in the state?…
May 16, 2015

Presidency’s Dilemma

Intriguing things are happening in Presidency University once again. Students laid a night-long siege, demanding from the vice chancellor and other officials a uniform procedure across all disciplines for entry into the university. Having grown up in a world where infants barely out of their cradles are subjected to admission tests, their demand can hardly…
April 10, 2015

Troublesome landing — They don’t grow land anymore

Singur, the potato bowl of Bengal, appears to have landed in trouble again. Not on account of unwilling farmers grieving over their lost assets, but on account of overproduction by the ones who didn’t lose their land. Excess supply of the crop has pulled down prices, leading indebted farmers to slither down the precipice. According…
March 10, 2015

The Growth Narrative

…The net effect is not obvious, needless to say, but if the markets expand, the credit will go to the Central Bank’s discretionary as opposed to non-discretionary monetary policy, rather than the fiscal stance of the Central budget.