Pro-Brexit or against it? Here’s why it doesn’t really matter to the world

by Rashmee

Posted on January 14, 2019


The late economist John Kenneth Galbraith was unstuffy enough to have poked fun at his tribe. Economics, he said, is extremely useful as a form of employment for economists. True, but economists do sometimes earn their keep too. Consider Simon Johnson’s clarity on Brexit. Mr Johnson is a former chief economist of the IMF, a … Continue reading “Pro-Brexit or against it? Here’s why it doesn’t really matter to the world”

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The only 4 things that can be done about the Greeks, in plain English

by Rashmee

Posted on July 5, 2015


The only sensible suggestions on what’s desirable and what’s possible in the Greece crisis have come from Austan Goolsbee, formerly President Obama’s top economist. Mr Goolsbee, who’s now at the University of Chicago, speaks plain English, which is handy if you’re not an economist (which must of us are not). Here’s a summary of what Mr … Continue reading “The only 4 things that can be done about the Greeks, in plain English”

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The many known unknown products of John Nash’s beautiful mind

by Rashmee

Posted on May 28, 2015


The late John Nash’s beautiful mind produced a fair number of clever concepts with compelling names. Game theory. The Nash equilibrium. Nash bargaining. The first, of course, is the best known, for which Nash (and two others) shared the Nobel Economics Prize 21 years ago. They honed modern game theory, created by mathematician John von … Continue reading “The many known unknown products of John Nash’s beautiful mind”

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What good are economists if they can’t predict a crash or get rich?

by Rashmee

Posted on February 18, 2015


What good are economists? asks Robert J. Shiller, which is a bit rich considering he’s one himself. But Professor Shiller, a Nobel laureate in economics who teaches at Yale, isn’t being droll. Or petulant. He’s voicing the bewilderment of many people who just can’t seem to see the point in having economists around to propound … Continue reading “What good are economists if they can’t predict a crash or get rich?”

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Rashmee has lived and worked in several countries in the past decade, including Afghanistan, India, Haiti, Tunisia, the UAE, US and UK