Stay updated with breaking news from Karan Bhasin. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
PRINCETON — The late, sharp-witted economist Michael Mussa, my first boss at the International Monetary Fund, once told me that every statistic must pass the “smell test”. I recalled this sage advice recently when Indian authorities published the first driblets of a consumption survey in over a decade. The numbers stink.
PRINCETON — The late, sharp-witted economist Michael Mussa, my first boss at the International Monetary Fund, once told me that every statistic must pass the “smell test”. I recalled this sage advice recently when Indian authorities published the first driblets of a consumption survey in over a decade. The numbers stink.
The real danger with the equality messiahs is their favoured policy prescription, namely tax. Applying Western narratives on taxing the rich more on their incomes and wealth is counterproductive in India.
His latest paper with three co-authors falls short on the data-driven rigour needed to make claims of increasing inequality.
His latest paper with three co-authors falls short on the data-driven rigour needed to make claims of increasing inequality.