How shall I go in peace and without sorrow? Nay, not without a wound in the spirit shall I leave this city.
Long were the days of pain I have spent within its walls, and long were the nights of aloneness; and who can depart from his pain and his aloneness without regret?
Kahlil Gibran The Prophet
My days in Mumbai are numbered. Strictly speaking, all the days of our lives are numbered. I will soon be saying goodbye to the …

On this blog, I have pondered the matter of education quite a bit because development and education are inextricably related. Irrespective of how rich an economy is by the usual measures of GDP, if the population is not educated, it is not a developed economy. An economy may have a high per capita GDP, due to say exporting oil, but it cannot be considered a developed economy.

When Kamala, the courtesan in Hermann Hesse’s novel Siddhartha asked the young brahmin ascetic what skills he had, he replied that he has learnt “how to think, how to wait, and how to fast.” To my mind, that is a complete education. Being able to fast is the ability to live on a limited amount. Freedom is inversely proportional to the external resources one needs to survive. One is free only to the extent that one does not depend on resources external to oneself. …

The extent of the damage and loss of life due to the tsunami has now become clear. Soumen Chakrabarti emailed me and wrote:
You recently wrote:

That is why I claim that natural disasters like the recent tsunami cannot hold a candle to the destructive power of humans.
I did a little arithmetic that adds support to your statement from unexpected quarters. This sounds very insensitive but is not really so. Each and every person destroyed by the tsunami is irreplaceable. I was …

Conferences can be terribly boring affairs. But for real tedium, you cannot beat a conference on ICT and development. So it was with a great deal of trepidation that I ended up in Bhopal a few days ago to attend one. All I had to look forward to was an endless series of talks on how ICT will totally transform everything and finally deliver the holy grail of development to the billions who are pathetically underdeveloped.

Folk wisdom captures very succinctly the idea that life is about tradeoffs in the saying that one cannot eat one’s cake and have it as well. If you eat the cake, it is gone and you no longer have it. Economists call it opportunity cost . The opportunity cost of eating the cake is not having it; conversely, the opportunity cost of having the cake is that of not eating it.
Remarkable results follow from exploring the idea of opportunity costs. The whole theory of comparative …

“ICT for Development” seems to be all the rage these days. One cannot turn anywhere without being bombarded with the conventional wisdom that ICT will solve all developmental problems, so much so that people have begun to employ the idiotic shorthand “ICT4D” without so much as a beg-your-pardon.

Thus have I heard, that once when the The Blessed One, the Tathagata, was resting in Rajagriha during the season of rains, he carefully pondered the economic truths. Among those assembled were Shariputra, the son of a noble family, and Avalokiteshwara, the Bodhisattva Mahasattva, the Buddha of Infinite Compassion, and lots of monks too numerous to name here.
Shariputra asked The Blessed One, “What is the chief lesson that one can learn from a careful study of economics?”

Many years ago, while in high school, I had read a bunch of books by Carlos Castaneda about the Yaqui shaman don Juan. Later on in the US, I learnt that Castaneda’s claim that don Juan was a real person was questioned and most likely he made up the shaman. In short, his books were not an anthropological study but fiction. In any case, what the books presented was an alternate reality which was accessible through magic and psychoactive drugs. I am wary of all claims of magic. I do …

The city formerly known in English as Calcutta (now known in all languages as “Kolkata” which is its Bengali name) is an unfortunate city. Its misfortune derives from two major sources primarily. Two of the world’s most destructive ideologies — Islam and communism — have brought a city full of promise to its knees and today it is best known around the world as the “City of Joy” and the “Blackhole of India.” It breaks the heart of any culturally sensitive person — not just someone like me whose …

Anant in a recent comment on this blog concluded with the seemingly wise statement “to revenge is pleasure, to forgive divine.” I say seemingly wise because it does not withstand any level of scrutiny. Forgiving an enemy may or may not be a very wise principle if you are dealing with an individual. Being magnanimous towards someone who in a momentary lapse of reason has harmed you could be a good strategy if the person realizes his folly and is genuinely sorry about his aberrant behavior. But it could be …

Prashant has raised a very interesting point. And one of the more important statements he makes is “… several religions of the world preach that material belongings are unimportant.”

I keep waiting for the real monsoons to show up in Mumbai. Do they have any thunder and lightening and huge downpours around here or does this anemic occassional rain showers pass for the monsoons? Thank goodness that I went to Lonavla last weekend with a bunch of guys from work. As we entered the Western Ghats, we passed through the mother of all rain storms. Waterfalls by the hundreds cascaded down the rocky cliffs at the edges of the Mumbai-Pune highway. When we reached Lonavla, the downpour had created …

I have been neglecting this blog because I have been traveling to places exotic. Well, maybe not all that exotic since it was just Hyderabad, the capital of Andhra Pradesh. I had gone there to speak at a conference on ICT and development.
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Some years ago during the Kargil episode, I had analysed the conflict between India and Pakistan over Kashmir as a dollar aution (DA)and written a piece called Dollar Auctions and Deadly Games.
I believe that the model has interesting implications and is worth pondering. The DA game involves the auctioning of a dollar bill similar to an ordinary auction where the winner gets the dollar but with the special requirement that the second highest bidder has to pay the second highest bid amount to the auctioneer.

An ironic bit of popular wisdom goes

Don’t sweat the small stuff.
It’s all small stuff.

In the context of economic development, I totally agree with the latter bit, but strongly disagree with the former bit. If we don’t sweat the small stuff, we don’t have much hope of managing the big stuff since the big stuff is exactly what arises from an aggregation of all those small bits of stuff.

Ever wonder why poor nations are poor and rich nations are rich? I don’t. I believe I know why the poor stay poor and the rich get rich. Consider this from The Wall Street Journal of Jan 19th. The report is titled India and US to Improve Ties. Here is an excerpt:
Washington also sees India becoming a big buyer of U.S.-made arms. In the past two years, India has purchased roughly $200 million of American arms and is in negotiations to purchase P3 Orion maritime-patrol …

In the last few days I have been trying to understand what caused the Titanic to sink. To belabor the obvious I must admit that I consider the sinking of the Titanic to be a metaphor. There are important lessons that I would like to draw from it.

… We are such stuff
As dreams are made on; and our little life
Is rounded with a sleep.
    Shakespeare’s The Tempest
Writing in the Dec 28th, 2003 edition of The Week, President Kalam says, “In the 21st century, knowledge is the primary production resource instead of capital or labour.”
I have been unable to fully comprehend that insight, fundamentally because it does not make any sense. Sounds profound but makes no sense. What is a ‘primary production resource‘? Did Kalam imply that once upon a time capital and labor were …

FOR A HUMAN CHARACTER to reveal truly exceptional qualities, one must have the good fortune to be able to observe its performance over many years. If this performance is devoid of all egoism, if its guiding motive is unparalleled generosity, if it is absolutely certain that there is no thought of recompense and that, in addition, it has left its visible mark upon the earth, then there can be no mistake.
Thus begins one of the most inspiring stories that I treasure. It is by Jean Giono and …