Tags » Charles Wheelan

The Income of the Average Indian is Significantly Lower Than the Average Income of India

The speeches made by the Reserve Bank of India(RBI) governor, Raghuram Rajan, are always a pleasure to read. In his latest speech made on April 20, 2016, Rajan said: “ 1,073 more words

Equitymaster

What Happens When Bill Gates Walks Into a Bar

The mathematician John Allen Paulos in his book Beyond Numeracy writes: “The fourth-grader notes that half the adults in the world are men and half are women and concludes therefrom that the average adult has one breast and one testicle.” 663 more words

Bangalore Mirror

Of salary increments and percentage tricks

It is that time of the year when the annual salary increments are due. While one looked forward to the increments between 2002 and 2008, since the start of the financial crisis in September 2008, the annual salary increment has been slow and steady. 652 more words

Bangalore Mirror

MONEY LESSONS FROM A TORN NOTE

Over the last two months I have been carrying a slightly torn one hundred rupee note in my pocket. Nobody wants to accept it.

The note is slightly torn on the upper left hand side but the serial number is still visible. 656 more words

Bangalore Mirror

Cash Transfer of Subsidies is the Right Way Forward


In his book Naked Economics—Undressing the Dismal Science, the American author Charles Wheelan recounts a very interesting story about his visit to Cuba. Cuba, as you know, dear reader, has been under a communist regime for a very long time. 1,043 more words

Equitymaster

Underneath Your Clothes: Economics!

Muttal Nihari Vajpayee pulls out some fun economics in his review of The Naked Economics by Charles Wheelan.

Are you intrigued by:

  1. The effect of a dog pooping in public on the economy.
  2. 638 more words
Earthling Today

Why Public Sector Companies Have Made Losses of More Than Rs 1 Lakh Crore

Buried in the inside pages of the Economic Survey of 2015-2016 released on February 26, 2016, is a very interesting data point.

The accumulated losses of sick public sector enterprises as of March 31, 2014, stood at Rs 1.04 lakh crore. 998 more words

Equitymaster