tag:blogger.com,1999:blog-19649274.post8449209019378324810..comments2024-03-29T12:03:50.891+05:30Comments on The Leap Blog: What is wrong with EconomicsAjay Shahhttp://www.blogger.com/profile/03835842741008200034noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-19649274.post-84867920360270759012012-08-04T19:17:33.860+05:302012-08-04T19:17:33.860+05:30Stop giving excuses for your Indian colleagues, Aj...Stop giving excuses for your Indian colleagues, Ajay.Unknownhttps://www.blogger.com/profile/11338904793757809900noreply@blogger.comtag:blogger.com,1999:blog-19649274.post-82425645494614689692011-02-14T15:52:55.835+05:302011-02-14T15:52:55.835+05:30Rahul,
There is an ungated copy out there.Rahul,<br /><br />There is an <a href="http://www.sivil.no/magma.asp?FILE=2000/04/058stiegler.html" rel="nofollow"> ungated copy </a>out there.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19649274.post-33046871078667853912011-02-11T11:50:51.918+05:302011-02-11T11:50:51.918+05:30Great! Glad to help out! Too bad that it is gated....Great! Glad to help out! Too bad that it is gated.Rahulnoreply@blogger.comtag:blogger.com,1999:blog-19649274.post-57554995341505669452011-02-10T01:35:36.727+05:302011-02-10T01:35:36.727+05:30Ajay,
In this genre 'Life Among the Econ'...Ajay, <br />In this genre 'Life Among the Econ' by Axel Leijonhufvud is a must read - it's a really fun piece (google and you'll get it)and says pretty much the same thing.<br />VeenaVeenahttp://mishra.veena@mahindra.comnoreply@blogger.comtag:blogger.com,1999:blog-19649274.post-37521006001028072252011-02-07T20:58:12.685+05:302011-02-07T20:58:12.685+05:30Rahul,
Thanks! That's the one. I had read it ...Rahul,<br /><br />Thanks! That's the one. I had read it ages and ages ago and just could not remember the ref.<br /><br />Folks: Rahul has <a href="http://www.jstor.org/stable/40220240" rel="nofollow">the URL for the George Stigler article</a> that I mentioned in the post.Ajay Shahhttps://www.blogger.com/profile/03835842741008200034noreply@blogger.comtag:blogger.com,1999:blog-19649274.post-88203045932231970562011-02-07T20:55:22.640+05:302011-02-07T20:55:22.640+05:30When the salary of an economics professor was low,...When the salary of an economics professor was low, he had a strong incentive to engage with the world since consulting income could be 5x bigger than his wage.<br /><br />Over the last 10-20 years there's been a huge rise in salaries of economics academics, particularly at the top end of the spectrum. This has underlined the incentive towards "performing for other economists". A young economist learns a skill, gets tenure, uses that skill further, gets wage hikes, and so on. It's the easiest thing for him to do: To keep performing for other economists. The very steep wage profile has helped deter people from doing the hard work of stepping away from what they know (performing for fellow economists) to something they don't know (performing for the world).<br /><br />Economics today is thus a bit more sterile than it was 20 years ago.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19649274.post-86397088856759440382011-02-07T15:36:36.330+05:302011-02-07T15:36:36.330+05:30Nice analysis Sir.....Nice analysis Sir.....Avneesh Kumarnoreply@blogger.comtag:blogger.com,1999:blog-19649274.post-66076913653624803352011-02-07T13:35:48.889+05:302011-02-07T13:35:48.889+05:30Is this the article by Stigler?
http://www.jstor....Is this the article by Stigler?<br /><br />http://www.jstor.org/stable/40220240Rahulnoreply@blogger.comtag:blogger.com,1999:blog-19649274.post-6807884948134489642011-02-07T13:10:05.732+05:302011-02-07T13:10:05.732+05:30Hi Ajay
Started following your tweets recently. Go...Hi Ajay<br />Started following your tweets recently. Good job. I have long been looking for good discussions on the Indian economy and finance, and yours is a rare blog. <br />On the same note, I think you are discounting the human character to endeavor - endeavor to think, endeavor to analyze, and endeavor to produce. Without any financial/funding incentives, why does that endeavor go missing? All the more, there is no 'vested' interest to create biases in research. So, it should be excellent quality.<br />And, why does it ring true for India even more? Does the "end of the month salary check" make most of us too complacent in what we do?<br />Thanks<br />Suvikas'Bade mian'https://www.blogger.com/profile/07282816993171639577noreply@blogger.com