Thinking Beyond Zero

“There are a couple of watersheds in human evolution. Most people are comfortable thinking about tool use and language use as watersheds. But the ability to play non zero sum games was another watershed.” – Jonathan Haidt Why do nations indulge in trade when it forces a particular section of their labour force out of…

WHY BONDS ARE INTEREST-ing

The name is Bond. Just, Bond. What do we know about the bond market? On the surface, bond markets look pretty uninteresting. Sombre even. Something for the corporate bigwigs with deep but risk-averse pockets to invest in. For a layperson, the bond market is this mysterious, dark arena only meant for the big players to…

The Curious Case of GST

The Goods and Service Tax Bill that has been recently passed by the Indian Parliament is seen as a welcome change and touted to be “the greatest economic reform since 1991.” The Bill proposes a uniform tax for a single good or service, across the producer, supplier and customer according to the value addition in…