A New Social Contract for a New Kind of Economy

Minouche Shafik’s new book, What We Owe Each Other: A New Social Contract seems perfectly timed, with the world teetering between the 2008 financial crisis and a global pandemic. The book is not written for the general reader, but I think that they too might like it. They would like it for her astute observations… Continue reading A New Social Contract for a New Kind of Economy

Largesse Oblige Needed

Large giveaways, sops to please various constituencies, tax concessions to win the middle class, etc. Nothing surprising in the interim (read election) budget announced a few days ago in India. But when you consider that the ruling party alliance came to power with the largest majority in a long time and on the back of… Continue reading Largesse Oblige Needed