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economics

The English Language as Original Sin

In India the advantages of an English education are widely accepted by the Urban population which sends their own children to such institutions whenever possible. Opposed to this are the millions of children in rural areas who have no other recourse but to use the local schools employing the regional language. The fact that Japan has been able to modernize without benefit of a Western language or Israel could resurrect Hebrew for contemporary purposes, notwithstanding, there remains resistance to the suggestion that the adoption of English continues to serve as a barrier to social and economic progress in South Asia.

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Role of Family as the basic building block in Indian Economy

When culture is near-perfected with a self-balancing homeostatic mechanism – primarily family and to a small-extent community economies become sustainable over a longer period. This idea of family as the centrifugal force that controls the economic decision- making remains at the core of this book. Economic policies must be dovetailed factoring this paradigm. The question is – do governments and markets cognize this paradigm?

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Transforming the Discipline of Economics into a Study of Indiscipline

Consumerism is ultimately a ‘spiritual quotient deficiency syndrome’ that cannot be remedied by mere economic policies alone. We need to realize that it is family and family alone with its ability to restrain individuals from reckless consumption and ensure balance in economy and society. It is thus the destruction of family that has emerged to be the meeting point of Liberals and Marxists.

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Book review on Economic Sutra: Ancient Indian Antecedents to Economic Thought by Satish Y Deodhar

Considering the governance and lifestyle and evaluating the Indian and Western approaches and contributions, the overall analysis makes an easy-to-understand contrast between both the ancient and modern eras. Providing examples such as how Indian economic theory encompasses the holistic human endeavor towards the Purusharthas, the author is inspired by the Vedic cult to explain various practices that are implemented in economic sutras.

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Lower Interest Rate and Investment in Gold

Lower interest rates in an emerging economy like India, lowers consumption, and does not increase it as they theoretically imagine. Worse, Indians shift their savings from banks to avenues that offer better and probably safer returns. In the Indian context, that happens to be gold.

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