Anurag > Recent Status Updates

India's antidumping are the most severe in the world.

More than 2/3 SOEs were privatised by 2005. It's not just the manufacturing that creates power for China. China's share in the world manufacturing value was 9% compared to 21% of Japan (the way this was measured is not clear IMO).

Household responsilbity system became widely popular in the 80s (quickly). The TVE( town and village enterprises ) are under local govt and apparently show the dynamic natur eof economy (according to the author).

Relationship between state and business is more clientistic in China than in India.

Rural people in China don't appear particularly upset about rising inequality.

China is rightly acclaimed as having undergone a decentralised development.

Corporate sector is too small in India (90% are outside in the public and private sector).

China's growth is not export driven.

Aucun homme n'a une autorite naturelle sur son semblable et la force ne produit aucun droit.

The colonial attempt to include dissident tribes into northern Emirates faced political problems in late colonialism.

The official township policy shifted away from the concept of Lugard.

Except missionaries, Europeans were prohibited from living in native cities.

Native Authority was the pillar of the indirect rule system - a characteristic of the British empire.

Private sector demanded limited expansion of state. Oil is where state yields most power.

The poor share an ambiguous relationship with the rich.

The utilitarian argument for limiting inequality is strengthened
considerably by the observation that demand for many of the things we buy is driven in part by their function as signals - both of ability and of the importance of specific relationships.

If you know how
to do finance, if you know how to do marketing, if you can motivate
people, then it doesn’t matter whether you know all about
mainframe computers. You have tech people for that.

f you know how
to do Wnance, if you know how to do marketing, if you can motivate
people, then it doesn’t matter whether you know all about
mainframe computers. You have tech people for that.

To explain the short-run rigidity of consumption, Duesenberry argued that families look not only to the living standards of others, but also to their own past experience. The high standard enjoyed by a formerly prosperous family thus constitutes a frame of reference that makes cutbacks diYcult, which helps explain
why consumption levels change little during recessions.

To explain the short-run rigidity of consumption, Duesenberry argued that families look not only to the living standards of others, but also to their own past experience. The high standard enjoyed by a formerly prosperous family thus constitutes a frame of reference that makes cutbacks diYcult, which helps explain
why consumption levels change little during recessions.

Duesenberry argued that the poor save at lower rates because the
higher spending of others kindles aspirations they would find difficult to meet.

In his 1949, with James Duesenberry (Saving, and the Theory of Consumer
Behavior) argued that saving is positional. Any successful consumption theory must accommodate three
basic patterns: the rich save at higher rates than the poor;
national savings rates remain roughly constant as income grows;
and national consumption is more stable than national income
over short periods.

Public facilities have also suffered because of lower rank (the de-ranking of same jobs does not just have a psychological impact).

People who buy a 2,500-pound Civic today will incur a significant risk that they won't have incurred in their 1985 Accords, because they must now share the road with 6,000-
pound Lincoln Navigators and 7,500-pound Ford Excursions.

ncreased expenditures on housing by top earners
appear to have launched an “expenditure cascade” that has
resulted in increased housing expenditures even among those
whose incomes have not risen

Whitehall studies were of large samples of British civil servants- well educated, well-earning, having access to NHS, the rates of illness and death were many times higher
among low-ranking persons within each unit than among high ranking
persons even after controlling for smoking etc.

My point is not that the creation of these big fortunes is by itself a bad thing - most of today’s wealthy
did not become rich by stealing money from others who had a
rightful claim to it. Rather, they invented valuable new products
and services and sold them to the public.

The link between context and evaluation is strongest for a positional good and weakest for a non-positional good.