The age cohort that began work in the decades surrounding 1991 is now in its 50s and 60s. This is the urban mass affluent population slice that saw its boats lift with the giant wave of economic growth and prosperity that the economic reforms of 1991 unleashed. You just had to be in the right...
My #WFH lessons from 20 years ago. And how a gas man almost derailed my plans!
Personal income tax in India needs a reset push. Lower tax slabs, lower rates and middle India will let go of their exemptions and deductions.
If you have had the occasion to have economist and Nobel laureate Richard Thaler sign a book for you, it’s likely that you have one that says, “Nudge for good” or “Misbehave for good”. Nudge and Misbehaving are books written by Thaler. Nudge, written earlier than Misbehaving, is about tweaking the choice architecture so that people make better decisions. For example,...
How we deal with risk in our lives depends to a large extent on our growing up years.
If neoclassical economics hypothesis of informed consumers maximising utility lead to the buyer beware market place, behavioral econ with its irrational people who need nudges to do the right thing, leads straight to a seller beware world.
Adam Smith was read wrong. It is not market at any cost. But try telling that to tenured professors in the US universities who have sunk costs to protect.