Avoiding a Microeconomics of AI
I’m worried things are hurtling into a microeconomics of AI. I think micro is the wrong bet.
blog—Hemanth Bharatha Chakravarthy
Uncovering the China Story(ies): Notes on Federalist Literature
From 1980 to 2015, China reduced its official poverty rate by 95 percent. The following are notes from some prominent literature that discuss how this happened and the significance (or lack thereof) of decentralization in that journey.
Dalal Street vs. North Block: The gap between the real economy and the markets
This volatile bounce back triggered me to write on the growing, increasingly erratic gap between our stock markets and real economy. I do not think we understand this gap or its wideness perfectly yet, both at home and globally. But a few perspectives seem sensible.
Who Should Borrow? The fiscal federalism debate
For the first time, the RBI is buying state government debt. With COVID-19 and the GST shortfall, should we reward stronger fiscal performance with better borrowing rates, or subsidize debt for poorer states?
Inspecting Indian Education Inspectors: Six changes to make
School inspections can help address the principal-agent problem in education delivery. But inspectors are agents too. Reform needs three things: incentives tied to performance, safeguards against corruption and collusion, and better measurement that informs action. Ultimately, as we improve our data on schools and understand which schools work, we can then figure out why.
A functional beginner’s guide to Git and RMarkdown: Guest Lecture at Stella Maris College, Chennai
Notes from a guest lecture I delivered in March 2019 at the Department of Computer Science at Stella Maris College, Chennai, offering a simple introduction to GitHub with R and R Markdown.