One can easily notice the spurt in the common man's interest in the fields of economics and finance in the past decade or so, which has been fuelled by a number of factors. One of the important attributable factors among them is the relatively simplified economic theories presented these days by the contemporary economists such as Thomas Friedman, Malcolm Gladwell, Steven levitt,Nassim Taleb et al, who rather classify themselves as popular economists. Among those theories, some of the most interesting or rather amusing ones have been compiled below. Amusing though, one cannot deny the veracity of the logics upon which these theories are based: 1.Latte Factor:- The latte factor derives it's name from the famous hot coffee drink and has been given by David Bach. It is used to describe the seemingly small daily expenses like latte,cigarettes,magazines etc. which add up to a significant amounts over time.David further argues that one can end rich, just by taking care of ...
"One man with courage makes a majority"- Andrew Jackson. So does nitish!!! Nothing could be more heartening for a man living in the world's largest democracy to see developemental issues win over casteism and petty politics in Bihar.It reaffirms one's belief in democracy and in the cliched expression that ballot is more powerful than the bullet. Bihar,as a state had long been marred by myriad problems such as casteism, corruption at all levels, a widely underdeveloped infrastructure & even natural disasters like floods.The only industries that seemed to flourish during the past two decades had been those of extortion , kidnapping and mass massacres in the name of proving caste superiority. Every single representative sitting in the legislative assembly did seem to be struck by the lure of corruption. The MLA's competed among themselves to amass as much wealth as they could in every single way possible. But then a king is a king and here also the king, th...
There is a widely cited axiom that in a Democracy, whenever any of the three pillars of the democracy viz. the Executive, the Legislature, or the Judiciary fails to execute its duties responsibly, the other one steps in to fill the vacuum. The veracity of the axiom has been quite validated by the recent High Court order for immediate commencement of anti-encroachment drive in jharkhand where the government for the past 10 years has been playing just the role of being a nominal representative. I was more than happy when i had, what i would say a glimpse of reforms in ranchi, just before the national games. I was so excited to see the roads being widened, encroachments being lifted, vehicles getting parked at the right places instead of the roadsides, auto-rickshaws not being allowed to pick more passengers than is the rule and above all the overall sense of freshness and optimism in the air.For the first time i realised that even my city could look beautiful,but for the unwillingness of...
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