Number of words: 2,614 Paul Krugman, Nobel-prize winning economist and avowed champion of free trade, admits he and his colleagues got a few things seriously wrong about globalization, in particular around its downside impact on local labor markets.  “We missed a crucial part of the story,” Krugman wrote in a Bloomberg article in October, referring to members of … Read more

Number of words: 525 Rajan’s new book explains the anger of a generation that feels denied and deprived of what was rightfully theirs – a middle-class American life. The class has, with vengeance, attacked what it sees as the perils of Globalization. In such a scenario its easy for a demagogue to emerge and point … Read more

Number of words: 1,049 So why is Trump the US President? Who are the people that may be delighted to have him as their President? Why is Globalization facing strong headwinds of protectionism and hyperbolic nationalism? Why there is an army of trolls online who will justify any act of omission or commission of their … Read more

Number of words: 3,331 In 2007, Gary Rivlin wrote a New York Times feature profile of highly successful people in Silicon Valley. One of them, Hal Steger, lived with his wife in a million-dollar house overlooking the Pacific Ocean. Their net worth was about $3.5 million. Assuming a reasonable return of 5 percent, Steger and his wife were … Read more

Number of words: 161 In conversation after supper he told us jokingly that he much admired the idea of Sancho Panza, who, when it was proposed to give him a government, requested it be a government of blacks, as then, if you could not agree with this people, he might sell them. One of his … Read more

Number of words: 1,079 China’s economic growth has lifted hundreds of millions of individuals out of poverty. The resulting positive impacts on the material well-being of Chinese citizens are abundantly evident. Beijing’s seven ring roads, Shanghai’s sparkling skyline, and Guangzhou’s multitude of export factories none of which existed in 1980are testimony to China’s success. What … Read more

Number of words: 41 A mild and forgiving temperament must have been to the liking of the British, until Mahatma Gandhi devised a form of protest that capitalized on this very passivity. The genius of Gandhi was that the understood why his people would support.

Number of words: 85 According to lore, the sage Bhrigu was concerned that notwithstanding their knowledge of Vedas and the Puranas, economic prosperity eluded Brahmins. He therefore embarked on a long penance to propitiate the goddess of wealth and good fortune, Lakshmi. The goddess was pleased by his devotions. She appeared before him in a … Read more