The question of the utility of suffering has been asked for as long as sentient beings have walked the earth, I suppose. And it is unlikely that it would be answered any time soon — an answer that does not insult the head nor outrage the heart, that is.

I was asked recently to ask a quotable question. My facetious response was that I only ask quotable questions. But I did consider the request seriously for a bit, and among the numerous questions that I wish people would ask themselves, I selected one that I think is particularly worthy in the context of development and economic growth. The question is this—and you may quote me freely—is there any instance of a technological development that was specifically created for the poor? The same question in the policy arena would translate …

Yesterday I posed a couple of trivial economics questions. The first was: “I have an object X that I wish to assign (gift or give away) to one of three: A, B, or C. How do I determine whom to give it to if I am concerned about allocative efficiency? Assume that A, B, and C have different preferences and abilities to pay.”

Here is the story. I have an object X that I wish to assign (gift or give away) to one of three: A, B, or C. How do I determine whom to give it to if I am concerned about allocative efficiency? Assume that A, B, and C have different preferences and abilities to pay.
To put a nice twist to the story, what if I am also concerned about equity? That is, although I have only one object X, I don’t want to be unfair to the other two who …

Made Up Stuff
Naturally, I was not part of the organizing committee and so I can’t know how they chose the keynote speakers of Dec 23rd at the Pan IIT 2006 meet. Therefore, I give in to wild conjecture. Consider this a sort of “reverse process engineering.”
“We need to choose a keynote speaker.”
“Yes, but to attract a wide range of audience, we must have more than one. Let’s set the parameters first. How about someone who appeals to technologists, as we are all techies. At the other end …