Tag Archives: Article

This is my comment on a major article on Industrial Policy in the Boston Review, published in September, 2021. The leading article was by Professor Mariana Mazzucato, Rainer Kattel and Josh Ryan-Collins.In their well-executed argument for a new approach to economic policy, Mazzucato, Kattel, and Ryan-Collins spell out how governments could develop an industrial policy to shape and drive innovative opportunities for the future. They rightly demolish the folk tales of neoliberalism: the...

This is my comment on a major article on Industrial Policy in the Boston Review, published in September, 2021. The leading article was by Professor Mariana Mazzucato, Rainer Kattel and Josh Ryan-Collins.In their well-executed argument for a new approach to economic policy, Mazzucato, Kattel, and Ryan-Collins spell out how governments could develop an industrial policy to shape and drive innovative opportunities for the future. They rightly demolish the folk tales of neoliberalism: the...

Going cold turkey would finish off a dysfunctional global financial system that’s now hopelessly addicted to emergency infusions. The only solution is surgery on the system itself. This article first appeared in Prospect magazine on 16 July 2021. The world economy is a mess. The system, notionally governed by the invisible hand of the market, is no longer governed in any meaningful way: private excess puffs up bubbles that government indulgence ensures can never burst. We seem condemned to...

Going cold turkey would finish off a dysfunctional global financial system that’s now hopelessly addicted to emergency infusions. The only solution is surgery on the system itself.This article first appeared in Prospect magazine on 16 July 2021. The world economy is a mess. The system, notionally governed by the invisible hand of the market, is no longer governed in any meaningful way: private excess puffs up bubbles that government indulgence ensures can never burst. We seem condemned to...

Going cold turkey would finish off a dysfunctional global financial system that’s now hopelessly addicted to emergency infusions. The only solution is surgery on the system itself.This article first appeared in Prospect magazine on 16 July 2021. The world economy is a mess. The system, notionally governed by the invisible hand of the market, is no longer governed in any meaningful way: private excess puffs up bubbles that government indulgence ensures can never burst. We seem condemned to...

This article first appeared in the Indian journal Economic and Political Weekly on 17 July, 2021.First, let me answer the question in the title: I do not know because, according to conventional theories, when the realised and expected inflation rates are as high as they are in the United States (US), the long-term US Treasury yields should go up.Although the realised and expected inflation rates have been going up since April 2021, the long-term US Treasury yields, however, have not been...

This article first appeared in the Indian journal Economic and Political Weekly on 17 July, 2021. First, let me answer the question in the title: I do not know because, according to conventional theories, when the realised and expected inflation rates are as high as they are in the United States (US), the long-term US Treasury yields should go up. Although the realised and expected inflation rates have been going up since April 2021, the long-term US Treasury yields, however, have not been...

This article first appeared in the Indian journal Economic and Political Weekly on 17 July, 2021.First, let me answer the question in the title: I do not know because, according to conventional theories, when the realised and expected inflation rates are as high as they are in the United States (US), the long-term US Treasury yields should go up.Although the realised and expected inflation rates have been going up since April 2021, the long-term US Treasury yields, however, have not been...

When I first began to use computers in the 1980s, my Techie pals in the opensource community were dismissive of Microsoft’s ‘clunky’ and vulnerable software and advised me against using its products. But I disagreed. In the eyes of geeks, the software may have been badly coded but it was accessible for me, a non-geeky beginner. For each glitch I just hit ‘update’ and Microsoft programmes were patched up.Bill Gates brings those breezy and accessible characteristics to his book How to avoid a...

When I first began to use computers in the 1980s, my Techie pals in the opensource community were dismissive of Microsoft’s ‘clunky’ and vulnerable software and advised me against using its products. But I disagreed. In the eyes of geeks, the software may have been badly coded but it was accessible for me, a non-geeky beginner. For each glitch I just hit ‘update’ and Microsoft programmes were patched up. Bill Gates brings those breezy and accessible characteristics to his book How to avoid a...