Protectionism and Its Consequences

Globalization is in retreat and protectionism is again rising its head worldwide. Recently the American President Donald Trump announced that he will impose very steep tariffs on imported steel, aluminum products and cars . In retaliation the EU has threatened to impose heavy tariffs on American imports in EU. Trump is also waging a trade […]

India’s Population: Asset or Liability?

After the recent fire at a pub in Mumbai that killed 14 young girls, Hema Malini, a Member of Parliament, in an interview complained of excessive population growth, non-stop expansion of urban areas, lack of planning, failure of citizens to adhere to rules, and corruption among public servant. Her statements—particularly the ones related with increasing […]

PNB Fraud

Last week the Indian financial sector was rocked by another US$ 2 billion scam in the Punjab National Bank (PNB). According to latest reports the total scam amount can go up to US$ 3 billion. The main perpetrators of this scam are the famous jeweler Nirav Modi and his uncle Mehul Choksi, owner of another […]

Economics for Everyone Workshop

Economics for Everyone flyer

We are glad to announce a 2 day workshop Economics for Everyone. It’s registration link will soon be open. This workshop is open for all the citizens who wish to learn sound economics so that they can understand what is happening in the Indian economy, politics and society. You will learn things which they didn’t […]

Modicare

In recently announced budget the finance minister of India Mr. Arun Jaitley launched an ambitious government healthcare program. He dubbed it as Modicare like Obamacare in America, which the present President of USA Mr. Donald Trump is trying to dismantle. This new program, which is touted as the biggest healthcare program in the world, will […]

Salman Khan and his Anti-War, Pro-Peace Message

Indian movie industry Bollywood is known mostly for its romantic movies. Apart from these typical romantic movies it has little to offer to those who are looking for representation of variety of cultural ideas and values. In the spectrum of these varied cultural ideas one idea that is almost totally missing is the idea of […]

Narendra Modi and Globalization

India’s Prime Minister Narendra Modi in his latest Davos World Economic Forum speech, which he delivered in Hindi and caused surprise and flurry in delegates who had to reach for their translation headsets quickly, defended globalization and attacked the increasing trend of protectionism around the world, especially in United States under President Donald Trump. Does […]

India is Not an Investment Haven

Decades old investment treaty with foreign governments was scrapped last year by the Modi government. The new treaty, which is offered by the Modi government to foreign investors, is having terms and conditions that give no protection to foreign investors, which is the reason why they are now reluctant to enter the Indian market: Negotiators […]

Government’s Right to Coerce and Our Duty to Obey

Do the state (aka the government) has any right to coerce us and we have any duty to obey it? This is the question that philosopher Dr. Michael Huemer addresses in his important work, The Problem of Political Authority: An Examination of the Right to Coerce and the Duty to Obey. The answer at which […]

Indian Culture and Economic Development

Which factors determine country’s economic development? Development scholars have looked into this question for more than a century and they came up with different explanations like the theory of colonial victimization, dependency theory, geography and climate, institutions, culture etc. Out of these explanations the cultural explanation is fundamental. I strongly think that culture is the […]