Sanjeev Sabhlok's Blog, page 100

Ronald Coase never liked the Coase Theorem – which was created by George Stigler

This video. I’ve prepared a transcript below. ON METHODOLOGY 00:17: Economics has a become theory driven subject and I believe the approach should be empirical. You study the system as it is, understand why it works the way it does and consider what changes could be made and what effects they would have. ON THE […]

Initial comments on the economic strategy proposed by Raghuram Rajan et al.

In this post I’ll comment via annotated comments on ‘An Economic Strategy For India’, By Rajan, Gopinath And Others. Thereafter I’ll write a TOI blog post on this topic. Who are these economists? Thirteen senior economists, including former Reserve Bank of India Governor Raghuram Rajan, IMF Chief Economist Gita Gopinath and Sajjid Chinoy of JP […]

The story of Swatantra Party from Masani’s perspective (in the words of SV Raju)

I’ve OCRd the two relevant chapters from this book which I’m posting here and will revert and study in detail when I find time. Word doc here which I’ll fix when I find time. The raw text below. THE EMERGENCE OF THE SWATANTRA PARTY Masani skipped the 1952 General Elections. Though disenchanted with the economic […]

I agree with Sardar Patel’s opposition to proportional representation

Chanced upon this interesting section in Raju’s book on Masani. Proportional Representation or PR was a favourite subject with Masani. He had studied the subject in depth and it was natural therefore for him to try his utmost to get PR into the Constitution of India. So, when the question of safeguarding the right to […]

My next TOI blog post: Fighting the drug menace needs a radically different approach

This elaborates SBP’s drugs policy.

ESTABLISHMENT AND POLICIES OF THE SWATANTRA PARTY – notes from a doctoral dissertation

Found this on Shodhganga (which is a truly fantastic resource for all Indians). I’ve converted to text, and will annotate lightly, below, as I read the material. CHAPTER – III ESTABLISHMENT AND POLICIES OF THE SWATANTRA PARTY As already noted, the post-1952 general election yes witnessed the major political parties adopting leftist policies, except the […]

My recent tweets on the **intrinsic** corruption of Indians

Yes, socialism has caused this sorry situation, but I sometimes feel I must avert my eyes from this shonky country. The extreme love of corruption of its people is something to be really sorry about, a nation one is sometimes ashamed of having been born into. I like India – after all it was where […]

My next TOI blog post: Let’s make poverty history

In this post I show how poverty can be eliminated from India – with just a few steps.

Rahul Pandit’s message to the residents of Malkajgiri Assembly Constituency

It is my pleasure to publish Rahul Pandit’s message for the constituents of Malkajgiri. He is the first person in a very long time to take the message of liberty to the people of India. In this broadcast Rahul Pandit thanks the residents and promises to work with them to support them in the coming […]

Could Adam Smith Get a Grant?

Richard Ebeling shared this amusing piece, which is actually quite educational as well. Unfortunately, the image has a low resolution, so I dictated the text and am putting it out here, below the image.   Hidden hands and scant footnotes. Samuel Brittan [To Prof. Sargent, etc.] Dear Dick: In view of the delicacy of the […]