I can understand research in science, engineering, medicines, but in Economics. Western Economics is a rubbish subject; there is no need to do any research. The conclusion they made are statling.
Amartya Sen got Nebel prize by writing that in 1943, about 5 million people were forced to starved to death by the British because Bengalis got a lot of money due to the British war efforts and as a result the Bengalis started eating too much rice so much so that others died as a result.
If you believe in Western Economics, you get these kind of weird results.
Re: Meaningless
by Das on Oct 14, 2012 12:39 AM
Not just Western, its Eastern, Northern or any other form of economics, to borrow the late Henry Ford's phrase, is junk".
Re: People buy less when taxes are displayed
by Dipak Bose on Oct 13, 2012 12:12 PM
I am sure that he would say when due to Walmart coming to India all hawkers will be unemployed, their happiness would go up because they do not have to work any more. Thus, welcome Walmart. Then he will get the Nobel prize in economics.
Well done Raj Chetty. Carry on research for next 5 years availing finance from the MacArthur Foundation award $500,000. This will give you more flexibility and time for a research group to work on big projects. Hope, you will be the next Indian as Nobel Prize winner in Economics.
Don't come to India. You will be made PM and you will become a boring, unsmiling, jaded, bureaucrat, parroting what is dictated to you without any individuality and application of mind. Hope you recall who I mean!
Congratulations Prof. Chetty. A research work which clubs theory and Praxis well, will certainly benefit those concerned. As wished, may many many low income students of India and around the world benefit from your success and the empirical theory evolved by you. I am proud of you.
