Sudip Bandyopadhyay’s Blog

In the 1960s—the time of one of the worst food crises in India—it had seemed that the Malthusian theory was correct and the country’s population was exceeding its ability to feed its citizens. With the threat of famine looming large on the country, the government solicited help from abroad. It imported huge quantities of grain [...]

Lord Mervyn King, Governor of Bank Of England crisply summed up the dilemma of the Governments across the globe when he said that… global financial institutions are global in their life, but national in their death. Each nation has to take steps to ensure that failure of foreign institutions does not disrupt its domestic markets.
Indeed,one [...]

The efficient markets hypothesis is the catwalk supermodel of economics.  Strutting down the runway in haute couture, catwalk supermodels present an elegant stylized vision of fashion that bears scant resemblance to the reality of buying clothes on the high street.
Through its failure in successive crises – the 1987 stock market crash, the collapse of Long-Term [...]