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Power and Progress – Our 1000-year Struggle Over Technology and Prosperity

“…To the best of our knowledge, how political and social power shape technological choices, and how institutions and technology choices together determine how much owners of capital, entrepreneurs, and workers of different skill levels benefit from new production methods, are original to this book. Using this framework, we reinterpret the major economic developments of the …

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The forces reshaping banking

Ajay Shah, Business Standard, December 25, 2023 In advanced economies, banking is changing. At first, there was `the fintech revolution’. Now, we have seen the loss of stability of bank liabilities through electronic payments. The third problem is the possibilities for important trusted tech-intensive consumer-facing firms to replace banks. Indian financial system has largely held …

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Marginlands: Indian Landscapes on the Brink

Marginlands: Indian Landscapes on the Brink, by Arati Kumar-Rao, is a passionate environmentalist’s account of her journeys across India’s diverse landscapes for over a decade, and of the “slow violence” inflicted on the fragile environment and its impact on livelihoods. Combining journalistic reporting and storytelling, the five-part book narrates stories from Rajasthan’s Thar desert, to …

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The policy questions around airlines

Ajay Shah, Business Standard, November 27, 2023 The airline industry has emerged as an important new feature of the Indian economy. The conceptual machinery of market failure and lowest cost intervention guides us on thinking about policy problems and solutions. CLICK HERE TO READ THE ARTICLE.  

Missing in Action: Why you should care about public policy

Title: Missing in Action: Why you should care about public policy Authors: Pranay Kotasthane and Raghu S. Jaitley Pages: 342 Price: Rs. 399 Publishers: Penguin The lives of citizens are governed by State policies and therefore it is extremely important to understand all aspects of policy making. Policies in a democracy are made by the …

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