Blogs about: Economic Quackery

How to be a Finance Minister (Florence Nightingale Might Have Liked)

drsubrotoroy wrote 2 years ago: From Facebook, April 27 2011: Subroto Roy reflects on what the role is of a Finance Minister/Treasur … more →

Tags: Economic Policy, Financial Management, Florence Nightingale

Did the GoI's MoF's CEA certify India's fiscal health yesterday? If so, it is a mistaken certificate2 comments

drsubrotoroy wrote 2 years ago: From Facebook: Subroto Roy reads that Dr Kaushik Basu, Chief Economic Adviser to the Finance Ministr … more →

Tags: Manmohan Singh, India's Monetary & Fiscal Policy, economic theory, Economic Policy, India's Public Finance, Government of India, Government Accounting, India's Macroeconomics, India's bureaucracy

(Yet Another) Memo to Dr Kaushik Basu

drsubrotoroy wrote 3 years ago: Dear Kaushik, Apropos your reported predictions, I have had to say at Facebook: Subroto Roy  is appa … more →

Tags: India's economy, India's Monetary & Fiscal Policy, economic theory, Economic Policy, India's Reserve Bank, India's Foreign Exchange Reserves, Financial Repression, India's Public Finance, Economics of Exchange Rates

(Another) Memo to Dr Kaushik Basu

drsubrotoroy wrote 3 years ago: From Facebook: Subroto Roy says to Kaushik:  Dear Kaushik, Buffer-stock interventions are *microecon … more →

Tags: India's economy, Manmohan Singh, India's Monetary & Fiscal Policy, economic theory, Economic Policy, monetary theory, India's Economic History, Government of India, India's inflation

Climate Change Alarmism: The real battle is against corruption, pollution, deforestation, energy waste etc

drsubrotoroy wrote 3 years ago: Last year I wrote but happened not to publish this brief article which may be relevant today. Climat … more →

Tags: Science, India's Energy, Economic Policy, India's Health/Medicine, Economic Theory of Growth, Scepticism and Dogmatism, Government of India, Nuclear Energy, Economics of Public Finance

"On the blissful innocence of the RBI" (2009), plus "A Small Challenge to the RBI’s Governor Subbarao"(2010)

drsubrotoroy wrote 3 years ago: From Facebook: Subroto Roy  can only sigh at the fact that while he has had to struggle for 35 years … more →

Tags: India's Monetary & Fiscal Policy, economic theory, Economic Policy, Macroeconomics, monetary theory, Economic Theory of Value, Public choice/public finance, India's Reserve Bank, Economic Theory of Interest

“But he has nothing on at all,” said a little child at last.

drsubrotoroy wrote 3 years ago: From Facebook: Subroto Roy  is hurt that Christopher Booker says “Not for nothing was Copenhag … more →

Tags: Freedom, Politics, Good and Evil, India's Politics, India's Personality Cults, India's bureaucracy, Political Corruption, political cynicism, Political mendacity

Reflections on Mr Zoellick's reported claim

drsubrotoroy wrote 3 years ago: From Facebook: Subroto Roy says that there are no viable macroeconomic models or time series data in … more →

Tags: India's Monetary & Fiscal Policy, Economic Policy, Asia and the West, Macroeconomics, Economic Theory of Growth, India's Public Finance, Growth rates (economic), India's Economic History, India's Budget

Question for the Sonia-Manmohan Govt: is a little polo in Washington expected to benefit India's "aam admi"?2 comments

drsubrotoroy wrote 3 years ago: From Facebook: Subroto Roy must ask Dr Manmohan Singh’s Government how it sees India’s … more →

Tags: Manmohan Singh, Sonia Gandhi, Congress Party, India's Diplomacy, US Foreign Policy, Diplomacy, Espionage, India-United States business, Imperialism, India's Personality Cults, Government of India

An observation about official economic thought in India

drsubrotoroy wrote 3 years ago: From Facebook: Subroto Roy  wonders if India’s most eminent academic economist and India … more →

Tags: economic theory, Economic Policy, Karl Popper, India's nomenclatura, Academic economics, India's Government economists

Has business-cycle theory become easy for the dimwitted?

drsubrotoroy wrote 3 years ago: From Facebook: Subroto Roy  is amazed that business-cycle theory and history — always a most d … more →

Tags: Economic Policy, Macroeconomics, China's Economy, India's Macroeconomics, Academic economics, India's savings rate, India's Government economists, China's macroeconomics, China's savings rate

A Discussion Regarding Mr Nilekani's Public Project

drsubrotoroy wrote 3 years ago: In response to my “Nandan Nilekani’s Nonsensical Numbering”, Friendly Critic says: I don … more →

Tags: India's Industry, Government of India, India's Government Expenditure, India's bureaucracy, asymmetric information, Academic economics, Incentive Compatibility

Nandan Nilekani's Nonsensical Numbering (Updated to 11 January 2013)5 comments

drsubrotoroy wrote 3 years ago: Original post: 14 Sep 2009 I have been a rather harsh critic of Indian English-language media but I … more →

Tags: Manmohan Singh, FA Hayek, India's Industry, Nobel Prizes, Government of India, India's crimes, India's peasants, Mendacity in politics, Mumbai massacres

Finally, a dozen years late, the Sonia-Manmohan Congress takes a small Rajivist step: Yes Prime Minister, our Judiciary is indeed a premier public good (or example of "infrastructure" to use that dreadful bureaucratic term)

drsubrotoroy wrote 3 years ago: I was very harsh and did not beat about the bush in my Sep 23-24 2007 article  in The Statesman “Aga … more →

Tags: India's Polity, Rajiv Gandhi, Manmohan Singh, Indira Gandhi, Jawaharlal Nehru, India's Jurisprudence, Liberalism/Libertarianism, Sonia Gandhi, Congress Party

Q: What is common to swine flu, a weak monsoon, climate change, America's financial crisis and Pakistani terrorism?

drsubrotoroy wrote 3 years ago: A: They are all external or exogenous factors that the Government of India’s leaders, spokesme … more →

Tags: India's Monetary & Fiscal Policy, economic theory, Economic Policy, Economic Theory of Value, India's Politics, Government of India, Economics of Public Finance, India's bureaucracy, India's political lobbyists

Does the Govt. of India assume “foreign investors and analysts” are a key constituency for Indian economic policy-making? If so, why so? Have Govt. economists "learnt nothing, forgotten everything"? Some Bastille Day thoughts

drsubrotoroy wrote 3 years ago: Today is Bastille Day in France and the Prime Minister of India, Dr Manmohan Singh, at the invitatio … more →

Tags: India's Polity, India's Foreign Policy, Manmohan Singh, France, India's Monetary & Fiscal Policy, Economic Policy, India's Capital Markets, India's Democracy, Imperialism

Will someone please teach the BJP's gerontocracy some Economics 101 on an emergency basis?

drsubrotoroy wrote 4 years ago: Two years ago, I said in “Political Paralysis”, “[I]f Atal Behari Vajpayee and Lal … more →

Tags: India's Polity, Atal Behari Vajpayee, BJP, Congress Party, India's Politics, India's Personality Cults, CPI (M), India's Banking, India's balance of payments

India's incredibly volatile inflation rate! 1 comment

drsubrotoroy wrote 4 years ago: Some months ago India’s inflation rate was said to be the highest it has been for decades and … more →

Tags: Manmohan Singh, India's Monetary & Fiscal Policy, Economic Policy, India's Reserve Bank, India's Economic History, India's inflation, Inflation, India's Government Expenditure, India's Macroeconomics

India's "pork-barrel politics" needs a nice (vegetarian) Hindi name! "Teli/oily politics" perhaps? (And are we next going to see a Bill of Rights for Lobbyists?)

drsubrotoroy wrote 4 years ago: “Pork barrel politics” has been known as a concept  in America and other Western countri … more →

Tags: India's economy, India's Polity, Manmohan Singh, India's Monetary & Fiscal Policy, Economic Policy, India's Industry, Public choice/public finance, India's Reserve Bank, India's Capital Markets


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