The deep determinants of the problems of India's economy lie in the political system, and the deep determinants of the problems of Indian politics lie in the way elections work. One of the many blunders of our Constitution was the use of first-past-the-post in elections. See Anthony Gottlieb in the New Yorker magazine.
Ila Patnaik has four recent pieces: Capital controls and unhedged currency exposure on the new India Policy Forum website; The Mauritius code (in the Indian Express) on a fresh approach to thinking about the Mauritius treaty; concerns about inflation in the Financial Express and a piece on inflation targeting aimed at the white paper readership of the Indian Express.
A while ago, paypal had figured in my list of things that were banned in India. They have announced a workaround : for payments made to customers in India, they will use snailmail and send out a cheque. And so the 20th century payments innovation will be reduced to a 19th century solution.
The frontiers of Nifty, by Ashish Rukhaiyar in the Business Standard.
Mahesh Vyas in Financial Express about criticism of SEBI.
Devika Banerji in the Business Standard about the changing world of the economics think tanks.
Bibek Debroy in the Financial Express on the rupee's new symbol.
Jayanth Varma has a chapter in a Robert Kolb book.
I wrote a comment on the `Economics | by invitation' system run by The Economist, on their question: What will it take to convince emerging markets to halt reserve growth?.
Dream-logic, the Internet and artificial thought by David Gelernter, on Edge.
Protests have broken out in France against the government's ban on the `burkha'.
A while ago, I had argued that world food price vol had risen and would rise further. It looks like the evidence is in favour of that proposition. See: What explains the rise in food price volatility? by Shaun K. Roache.
A great piece in the Economist about Europe's future.