Atanu Dey On India's Development

July 27, 2007
by Atanu Dey
4 Comments

Education Matters — Part 1

Positive Returns on Investment Education has positive returns. That claim is certainly not the most extravagant generalization about education that one can make. It is true unless of course hundreds of millions of people over centuries have been systematically paying … Continue reading

July 26, 2007
by Atanu Dey
4 Comments

The People Matter

Character and culture determine destiny. Every time our great “democracy” throws up corrupt immoral shortsighted asinine “leaders” — which is happening with sickening regularity — it is important to remind ourselves that it is the “will of the people” expressed … Continue reading

July 25, 2007
by Atanu Dey
1 Comment

The Tangled Web — Part 7

Expectation Matters George Akerlof’s seminal contribution to economic theory is in the area of information imperfection and how it affects markets. His paper, “The Market for Lemons”, is brilliant and an easy read. Information asymmetry between the buyers and sellers … Continue reading

July 12, 2007
by Atanu Dey
10 Comments

Drugs and their Protection

A cyber-friend wrote to me asking what was “the rationale behind giving monopoly rights to big-global-drug-companies in India (by the way of patent protection).” He said that this was “leading to prohibitively expensive life saving cancer drugs (Rituximab at 1.3 … Continue reading

July 10, 2007
by Atanu Dey
7 Comments

Desiderata

Desiderata, the plural for “desideratum” which means “something to be desired or wanted.” Years ago I came across a piece by Max Ehrman titled “Desiderata.” There is a perfection about that piece. Brief and yet packs in a tremendous amount … Continue reading

July 9, 2007
by Atanu Dey
1 Comment

Thomas Schelling

I wrote about Thomas Schelling’s book in my last post. Here’s an account of a reporter’s lunch with him that is worth a quick read: The Game of Life. Let me highlight a sentence fragment from that piece: ” . … Continue reading