Tuesday, 7 February 2012

Can Measurement of Subjective Well-Being Help Us to Assess Whether Life is Getting Better?

The British government has recently taken some steps toward measurement of subjective well-being in the hope that this will provide ‘a general picture of whether life is improving’ and eventually ‘lead to government policy that is more focused not just on the bottom line, but on all those things that make life worthwhile’.
The quoted words are from David Cameron, the British prime minister. I find it interesting that he refers to ‘the bottom line’ as though the bottom line in British politics has always had a pound sign in front of it. Philip Booth, editor of the recent Institute of Economic Affairs (IEA) publication ‘… and the Pursuit of Happiness’ suggests that the prime minister was attacking a ‘straw man’; the British government has always had a multitude of objectives.

Sunday, 5 February 2012

Cutting Fiscal Deficits will not Help Economies to Revive Economic Activities

There are so much buzz about the fiscal policy and management of fiscal deficit. In some countries fiscal deficit has been addiction. Across the world fiscal deficit has become so popular that countries are taking measures to cut fiscal deficits at any cost. And this is what that is costing the world economy hard during this period of crisis. Fiscal deficit must be controlled and managed but it is not a bad thing at all. If fiscal deficit is used properly and in planned way this can help many countries that are struggling with high fiscal deficit.

Tuesday, 31 January 2012

Can happiness be aggregated?

My starting point for this post is take it as given that everyone agrees that for public policy purposes it is appropriate to view happiness in terms of individual flourishing. My reasons for this view have been presented in the draft of chapter 2 of the book that I have been writing.
I doubt whether it is possible to obtain an accurate measure of the extent to which each individual in the community is flourishing because some of the subjective information involved is probably not accessible to people conducting surveys. But let us assume that we have a measure that is good enough to compare the extent to which different people are flourishing in terms of a rating scale from 1 to 10, with a rating of 1 indicating that the individual is just surviving and a rating of 10 indicating that the individual is fully flourishing.

Sunday, 29 January 2012

Indian Stock Market in 2012

Indian stock market has been very volatile for more than a year. One day the stock indices rise steeply and on the next day they fall sharply. This has made things difficult for the investors. They are confused and this can be affirmed by the participation of retail investors in the market. The current trends in the markets give signals of unexpected future and high volatility. And this has made investors confused.

Friday, 27 January 2012

Efforts and Economic Policies are Making Situation More Problematic

The whole world is facing economic crisis. The US economy is not in shape. European Union may fall and Euro may cease to exist if the crisis in EU extends for some more time. The emerging economies like China and India are slowing down. The Africa is facing social unrest. Russia is also witnessing some domestic problems relating to elections. Other emerging economies like Brazil, South Africa and Indonesia etc. have also been showing signs of weakness in the economic growth. Overall conditions of the whole world are worrisome making people worried.

Tuesday, 17 January 2012

Upgrade of Indian Bonds by Moody’s to Benefit Indian Economy

There had been spates of upgrades and downgrades about Indian economy for some time by credit rating agencies, Standard & Poor’s and Moody’s. The Indian banks and rupee bond have been rated by these rating agencies over last few weeks.
S & P has upgraded the Indian banking sector contrary to Moody’s and Moody’s have upgraded the long term rupee bonds to investment categories.

Sunday, 15 January 2012

Economic Problems in the US

The rules are simple for everyone in economics and when one tries to makes things complicated, results are often disastrous. For any economy it is normal and fundamental rule that it must reinvest what it earns from all the economic activities into various types of assets from human to material (physical and virtual) to grow and maintain growth.

Wednesday, 4 January 2012

Unethical Practices by India Inc. in Red Zones

The Naxal problem is one of the most important internal security and democratic threats that India is facing today besides the problems in the North East and Kashmir. It is has become common for Indian people to read news about the struggle between Indian security forces and Maoists. The Maoists strikes and security forces responds. And when Indian security forces starts search operations they are brutally killed by the Maoists and again one more operations by security forces. This cycle of attack and counter attack is continuing for many decades.

Monday, 2 January 2012

Indian Economy Headed for Slowdown

For years India has been seen as one most promising economies in world. But things are changing swiftly and India is losing its position in world economy mainly in minds of the investors. It is not that the basics of India's economic growth story have changed. No it has not changed. The basics are the same and now that have become problem for Indian economy. It is true that India as an economic destination has huge potential and also strengths as well. But only India being a promising and place of huge opportunities cannot help us.

Sunday, 1 January 2012

Business Environment in India and Entrepreneurship

Doing business in India as just business seems to have become something inferior and politics and business has become two sides of same coin although they simply are not same coin. In the recent times, we have seen so much bad incidents taking place in business world of India. There have been so many revelations about the relationships between businesses and the politics in one way or other.
There was 2 G scam sometimes back this year that had huge negative impact on the business environment in which people like Mr. Ratan Tata and Reliance ADAG became party. Then Mr. Jagan from Andhra Pradesh was said to have made money because his father’s political influences and now it is time for Bellary’s Reddy brothers.