Page 3 - Economics

Political game-changers in economics

Book review of Money and Power: The World Leaders Who Changed Economics

Why dividing central bankers into hawks and doves misses the big picture

Reducing central bankers to caricatures risks missing the big picture. These days, policy makers have to be more nimble

Best of BS Opinion: The power of narrative, a lost battle, and more

Here's a selection of Business Standard opinion pieces for the day

Auction of public resources and profit

Any sale must be designed to serve the common good, not to maximise revenues

Indians' love for things foreign

…is this a virus more dangerous than Covid-19?

Best of BS Opinion: Funny side of economics, coronavirus spread, and more

For many sides of coronavirus, read on. Uddalok Bhattacharya sums up the views.

The funny side of economics

No other social science discipline can beat economics and economists when it comes to funniness

Don't waste this crisis: There's no more room to ignore bad economics

A crisis is when a govt can expect people to make sacrifices for the larger good. The danger of doing nothing is that growth of 6% or less becomes the norm, not the unacceptable, writes T N Ninan

Letter to BS: Time for economists to leave GDP alone and focus on happiness

More than in economics, development needs to be in human ethos

Best of BS Opinion: Olympics in India, intoxication of power, and more

Here's a selection of Business Standard opinion pieces for the day

Economics and good intentions

Good intentions are best left to political parties, governments and religious establishments

Can economics be of the people, for the people and by the people?

Sound theories are essential as they provide stable base for policymaking, but the process is too long-drawn and takes away objectivity

Economics is changing: A Nobel for 3 pragmatic poverty-fighters shows that

A popular conception of economists is that they're the high priests of the free market, downplaying the role of government and giving short shrift to the needs of society's poorest

In memory of Marty Weitzman, a man intolerant of humbug and pomposity

Marty Weitzman was undoubtedly one of the greatest environmental economists in the world today

Rules in cricket and economics are fallible

One common rule behind all the rules is that they need to be changed with time, be it cricket or traffic or taxes

Do-it-yourself and nirvana economics

Revisiting the academic contributions of P D Henderson and H Demsetz

Should morals be a part of economics? Here's what principles, experts say

In his new book, economics professor Paul Collier has set out an 'alternative in which the means are infused with a moral purpose'

A story of sub-continental incentives

The quality of writing determines on the incentives of the writer - and, naturally, of the publisher

Economics' Achilles heel

If economics studies scarcity, how do we study surpluses?

Economics isn't ideology-free and it's misleading to suggest it is

Trying to answer policy questions with economics is bound to involve ideology