Friday, August 16, 2019
Shut down HRD ministry!
Tuesday, September 4, 2012
Road to Liberty: Markets Alone Reward Diverse Knowledge Forms
Wednesday, June 17, 2009
We No Longer Need Economists
We No Longer Need Economists by Sauvik Chakraverti
Our adversaries rail at us liberals for being ideological; they say we are full of empty theories. So here is a simple travelogue. For some months now, I have been living in Mangalore, an ancient city on the west coast. A 13th century Kannada poet has marvelled at the fact that as many as 38 different kinds of coinage circulated in the city’s markets then. It becomes obvious that the city owes its existence to overseas trade: At the centre of the old city is the Bunder, the port.
It is another ancient trading city that came up by the sea, like
So, because of some theory, Mangalore has moved away from having a port open for the citizens to trade, and now possesses a walled port to which citizens are denied entry. The gates to the walled port are manned by armed guards paid for by the taxpayer. Also at the taxpayer’s expense are a whole lot of customs officials who do not permit trade without prohibitive exactions. All this must be justified by reams of economic theory, for there is an economics department is St Agnes College here, the oldest women’s college in south
Driving along the wall, I passed some towering examples of industrialisation: Nehru’s theory. A sizable amount of prime beach-side land is occupied by a phenomenally ugly public sector iron ore exporting plant.
There is a fertiliser factory which surely survives on production subsidies. So the dealbetween
Mangalore is a dream city for eating and drinking out, famous for its cuisine. The seafood is superb, and much, much cheaper than
The prime land occupied by the ugly iron ore plant and the fertiliser factory ought to be seized and auctioned so that hotels, shopping malls and beach resorts take over the landscape. Within a decade, this will be
So there is the other option: Go to
The late professor B R Shenoy, a classical liberal who studied under Hayek himself, was the only economist to dissent officially with Nehru, and in writing. His daughter, Sudha Shenoy, an eminent liberal economist, in a recent interview, said that nearly every economics depart-ment in the world could be shut down without having an ill-effect on the world of ideas.
Strong words indeed. She bemoaned the sad fact that economists do not study the real world of human action any more; they are all lost in theories and models and mathematics and statistics. I entirely agree. The wall proves it.
Wednesday, April 22, 2009
Pathology of Civilization Walled-In Ideas We No Longer Need Economists
Pathology of Civilization Walled-In Ideas We No Longer Need Economists By Sauvik Chakraverti 6 Feb 2004
Pathology of Civilization
Walled-In Ideas
We No Longer Need Economists
By Sauvik Chakraverti
6 Feb 2004
Our adversaries rail at us liberals for being ideological; they say we are full of empty theories. So here is a simple travelogue. For some months now, I have been living in Mangalore, an ancient city on the west coast. A 13th century Kannada poet has marvelled at the fact that as many as 38 different kinds of coinage circulated in the city’s markets then. It becomes obvious that the city owes its existence to overseas trade: At the centre of the old city is the Bunder, the port.
It is another ancient trading city that came up by the sea, like Alexandria or Venice. They were all glorious centres of civilization although there were no economists then. In modern Asia, Hong Kong and Singapore are thriving port cities and neither has produced a single economist of note. The other day I was taken to a beach just beyond the New Mangalore Port Trust. What struck was the wall. The entire port is surrounded by a 20 ft high wall.
So, because of some theory, Mangalore has moved away from having a port open for the citizens to trade, and now possesses a walled port to which citizens were denied entry. The gates to the walled port are manned by armed guards paid for by the taxpayer. Also at the taxpayer’s expense are a whole lot of customs officials who do not permit trade without prohibitive exactions. All this must be justified by reams of economic theory, for there is an economics department is St. Agnes College here, the oldest women’s college in south India. There is a Mangalore Economics Association.
Driving along the wall, I passed some towering examples of industrialisation: Nehru’s theory. A sizable amount of prime beach-side land is occupied by a phenomenally ugly public sector Iron ore exporting plant.
There is a fertiliser factory which surely survives production subsidies. So the deal between New Delhi and Mangalore is clear: We stop you trading and then we give you industrialisation. There is, at the taxpayer’s employ, an entire Indian Economic Service wedded in this theory. The wall is a bad for sailors as well. I was with a ship’s engineer when he suddenly announced his departure, saying that if he did not return by 10 p.m., he would get into trouble with the personnel manning the wall. He said that even an ordinary sailor spends at least $20 a day while ashore but here the wall keeps them on board.
Mangalore is a dream city for eating and drinking out, famous for its cuisine. The seafood is superb, and much, much cheaper than Goa. Mangalore also possesses many establishments where what is offered might be called cabaret. Surely anyone will realise that we do not need economists to know what is good for Mangalore. What sense does the wall make? The path to commercial success and the regaining of the city’s old glory should be obvious. The citizens of Mangalore should do to the wall precisely what Berliners have done to theirs. then, as with the old Bunder, they should set up a big market there. After all, didn’t God promise Jerusalem greatness by making it a mart for all nations? The mayor of New Jerusalem should issue externment orders to all the customs officials and the armed guards.
The prime land occupied by the ugly iron ore plant and the fertiliser factory ought to be seized and auctioned so that hotels, shopping malls and beach resorts take over the landscape. Within a decade, this will be India’s leading city, especially considering the fact that all the others, including Bangalore, are perishing. To unravel the sophisms in the theories justifying the wall, I recommend Frederic Bastiat, who did not have a formal education in economics, who never taught at university, and who was just a journalist and pamphleteer. In one essay he put the point across thus: there is this steel magnate in France. He sees cheap steel imports coming in from Belgium and this threatens his profits. He now has two choices. One, he can hire a posse of men and arm them with guns, with instructions to shoot anyone who brings steel into France from Belgium. But such a course is highly inadvisable.
So there is the other option: Go to Paris and pay some politician there to do it for you. He will deploy armed men at the borders at the taxpayer’s expense. And the two of them will share the profits, while the taxpayers who paid for the guards will now pay out even more for steel. After reading Bastiat I arrived at a conclusion: We don’t need the WTO; we need unilateral free trade. Get every government out of trade. And every trade economist too.
The late professor B.R. Shenoy, a classical liberal who studied under Hayek himself, was the only economist to dissent officially with Nehru, and in writing. His daughter, Sudha Shenoy, an eminent liberal economist, in a recent interview, said that nearly every economics department in the world could be shut down without having an ill-effect on the world of ideas.
Strong words indeed. She bemoaned the sad fact that economists do not study the real world of human action anymore; they are all lost in theories and models and mathematics and statistics. I entirely agree. The wall proves it.
Monday, February 2, 2009
Brand New Delhi: Let Political India Move Out of the Capital
Brand New
26 Mar 2004, 0000 hrs IST, Sauvik Chakraverti
Gerhardt von Hoffman was in charge of the privatisation of the properties of the East German government in
In his Utopia, he said, the state would be constitutionally required to rent properties. That alone would yield an efficient real estate market. After meeting Gerhardt, a new vision unfolded in my mind, a realisation that we could also privatise state property.
This vision seizes me every time I am in Delhi, for in
How can the privatisation of state property yield
If
Shifting the Capital out of
I propose that it be used to shore up the city's transport infrastructure. Let 20 250-km-long eight-laned expressways emerge as 'spokes' from Brand New Delhi and connect all the surrounding towns so that a vast amount of space is opened up for residence and commerce. For example: One spoke to
Let Brand New Delhi be such a city.
The airport is not on the route plan of the metro. What about the grand
If enough people talk about these ideas, then only will we be able to say that their time has come. As a lesson for the future, let us now be very careful about how much property we allow the state to accumulate. Here's to a lean state and a lean government unobtrusively performing its chosen tasks well. Let the state be in a small government town and let every city blossom. As the poet put it: "Into such a haven of freedom, my Lord, let my country awake!"
http://timesofindia.indiatimes.com/articleshow/msid-582269,flstry-1.cms
Wednesday, January 14, 2009
We No Longer Need Economists
We No Longer Need Economists by Sauvik Chakraverti
Our adversaries rail at us liberals for being ideological; they say we are full of empty theories. So here is a simple travelogue. For some months now, I have been living in Mangalore, an ancient city on the west coast. A 13th century Kannada poet has marvelled at the fact that as many as 38 different kinds of coinage circulated in the city’s markets then. It becomes obvious that the city owes its existence to overseas trade: At the centre of the old city is the Bunder, the port.
It is another ancient trading city that came up by the sea, like
So, because of some theory, Mangalore has moved away from having a port open for the citizens to trade, and now possesses a walled port to which citizens are denied entry. The gates to the walled port are manned by armed guards paid for by the taxpayer. Also at the taxpayer’s expense are a whole lot of customs officials who do not permit trade without prohibitive exactions. All this must be justified by reams of economic theory, for there is an economics department is St Agnes College here, the oldest women’s college in south
Driving along the wall, I passed some towering examples of industrialisation: Nehru’s theory. A sizable amount of prime beach-side land is occupied by a phenomenally ugly public sector iron ore exporting plant.
There is a fertiliser factory which surely survives on production subsidies. So the dealbetween
Mangalore is a dream city for eating and drinking out, famous for its cuisine. The seafood is superb, and much, much cheaper than
The prime land occupied by the ugly iron ore plant and the fertiliser factory ought to be seized and auctioned so that hotels, shopping malls and beach resorts take over the landscape. Within a decade, this will be
So there is the other option: Go to
The late professor B R Shenoy, a classical liberal who studied under Hayek himself, was the only economist to dissent officially with Nehru, and in writing. His daughter, Sudha Shenoy, an eminent liberal economist, in a recent interview, said that nearly every economics depart-ment in the world could be shut down without having an ill-effect on the world of ideas.
Strong words indeed. She bemoaned the sad fact that economists do not study the real world of human action any more; they are all lost in theories and models and mathematics and statistics. I entirely agree. The wall proves it.
Tuesday, November 11, 2008
Shut down HRD ministry!
Shut down HRD ministry! By Sauvik Chakraverti
Free the student community. In schools, colleges, universities and B-schools across the country students receive state-sponsored ‘education’. Such education churns out limited types of economic actors: bureaucrats, managers, accountants, lawyers, doctors, engineers. In the emerging free market economy, young people will find profitable niches as DJs, VJs, even tattoo artists. The burden of formal education — especially state-sponsored education — is inimical to creativity and intellectual freedom.
Revoke higher education subsidies. Higher education is a privilege, not a right. Those who actually produce knowledge should be free to work, teach and sustain their respective schools of thought. Every such school should sustain itself on its own resources as it would be fatal to academic freedom to expect or receive subsidies from the state.
Moreover some Indian edupreneurs are venturing overseas. The Manipal Education & Medical Group has promoted state-of-the-art medical schools in
This urgent flurry of activity within the hitherto somnolent education sector has ensured that the vital importance of qualitative education has permeated down to the lowest income groups across the subcontinent — a development accentuated by the promotion of the country’s 517 urban benchmarked Jawahar Navodaya Vidyalaya residential schools in rural India (see EW cover story August). Simultaneously it has focussed public attention upon hitherto arcane subjects such as syllabus design and curriculum development and shifted national attention from ritual to real education. Suddenly paper degrees and qualifications are not as important as professional and life skills which school leavers and college graduates must acquire within their institutions of learning.
Therefore the newly emergent consensus that reform of
Liberalise and deregulate the education system to encourage promotion of new schools, colleges, vocational and other institutions of higher education.
To a greater or lesser degree all the respondents are in favour of addressing the supply side of education to eliminate capacity shortages which are the root cause of the overwhelming majority of the hundreds, if not thousands, of rackets which plague post-independence
This development prescription is strongly endorsed by liberal economist and writer Sauvik Chakraverti. "The education sector urgently needs to be set free. This will facilitate entry of private firms offering short courses that equip young people for vocations and professions — be it plumbing, or baking — into the education sector. The three R’s can also be easily taught by them using computers," says Chakraverti (see box p.39).