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[…] But feel free to run with this prompt, modify it to suit your purposes, and dive into this list. If you are a reader of this blog, chances are that you too, like me, are not very well versed about the technical side of things – in that case, you may not wish to modify this prompt too much. If, on the other hand, you ARE somewhat more familiar with these topics, please be sure to mention that in the prompt, and Federer will raise his game accordingly. […]
13.3.2025 04:30Comment on The Ontology of AI’s by Learning to Learn – EconForEverybodySumanth had a nice fun tweet out yesterday, just begging to be drilled down into: For better or for worse, almost all of the reading I do these days is about AI, but of a very non-technical variety. I am far more interested in the philosophical, economic, social and cultural impacts of AI, and almost … Continue reading "Learning to Learn"
13.3.2025 04:30Learning to LearnKevin Bryan asks a fun little question in a nice thread over on Twitter: Now, if you’re plugged into developments in this part of the world, you might think Kevin is talking about Deep Research. But as he goes on to explain in the thread, that is “only a dollar of compute”. What he is … Continue reading "Dear Sir or Madam, Will You Read My Paper?"
12.3.2025 03:30Dear Sir or Madam, Will You Read My Paper?Thanks for raising the fundamental questions and taking us through the thought experiment.
11.3.2025 05:26Comment on The Ontology of AI’s by Gaurav KhandelwalHere’s a thought experiment for you: Imagine that twenty-five years ago, everybody on earth played a sport called tennis. This is the same sport tennis as we play it today – the same equipment, the same rules, the same dimensions for the court, but with one crucial difference. The accepted convention of playing a double … Continue reading "The Ontology of AI’s"
11.3.2025 04:30The Ontology of AI’s[…] The Alchian-Allen theorem, referenced in this tweet, is a favorite of mine to bring up whenever we Punekars lament the non-availability of Alphonso mangoes in the summer (IYKYK), and we have of course covered it on these pages. […]
10.3.2025 03:44Comment on EC101: Links for 25th July, 2019 by Infinite Lessons – EconForEverybodyThe Alchian-Allen theorem, referenced in this tweet, is a favorite of mine to bring up whenever we Punekars lament the non-availability of Alphonso mangoes in the summer (IYKYK), and we have of course covered it on these pages. But back then, in July of 2019, the way I covered these abstruse theorems was by thinking … Continue reading "Infinite Lessons"
10.3.2025 03:44Infinite LessonsThis essay was written by ChatGPT (4.5), based on a rather detailed prompt (and follow-up conversations). The problem being discussed is taken from a book published by Microsoft, authored by Wayne Winston. I have made minor edits for clarity, but I am not the author of this essay. I also asked ChatGPT to write (in … Continue reading "4.5 Explains ANOVA"
7.3.2025 05:224.5 Explains ANOVAEvery year, without fail, I get asked about what books to read to understand key ideas in <insert field of choice here>. Because I teach Principles of Economics at the Gokhale Institute, it is usually a question related to economics – in micro, macro, international trade, and the like. Five Books, the website, is a … Continue reading "What Should I Read About “x”?"
6.3.2025 04:30What Should I Read About “x”?For the last six months, I have struggled to write on EFE. There have been plenty of days in the past where I have not felt like writing. But that’s different from saying that I have struggled to write on EFE. If you ask me, laziness is not just fine, but a welcome thing (as … Continue reading "Situational Unawareness"
5.3.2025 12:01Situational UnawarenessIn this blog series, we’re alternating between understanding the basics of India’s power sector and diving into emerging trends that are reshaping its future. Today, let’s take a detour into one of the most exciting (and slightly worrying) trends: why tech companies are sweating about electricity. To set the stage, consider this mind-boggling stat. Imagine … Continue reading "Why Tech Companies Are Worried About Power"
11.12.2024 04:30Why Tech Companies Are Worried About PowerIn reply to <a href="https://econforeverybody.com/2024/12/09/a-tale-of-our-cities/comment-page-1/#comment-5695">Soumil Karkhanis</a>. I wish I knew the answer, Soumil :(
11.12.2024 02:01Comment on A Tale of Our Cities by AshishImagine four very different lives across India. There’s Ramesh, a middle-class professional working from home in Bhopal. He needs a stable internet connection and a constant power supply for his remote job. In Delhi, Rekha runs a small grocery store in a small slum in Delhi, trying to make ends meet while dealing with frequent … Continue reading "India’s Power Sector: An Introduction"
10.12.2024 04:30India’s Power Sector: An IntroductionI think everyone in the Indian policy discourse today advocates for empowerment of ULBs. However, this is simply not possible- there’s absolutely no political incentive for the states to give away their administrative/fiscal power to local bodies! Any thoughts on how to shape that political narrative?
9.12.2024 06:35Comment on A Tale of Our Cities by Soumil KarkhanisI loved reading this article by Miheer Karandikar, given my long-held conviction that India simply cannot develop without developing her cities. Urban India is where the action is. Consider these collection of statistics that Miheer cites: our cities house 36% of the population and generate 60% of our GDP, but municipal corporations are responsible for … Continue reading "A Tale of Our Cities"
9.12.2024 04:30A Tale of Our Cities[…] Back in September, the Federal Reserve broke my heart: […]
6.12.2024 04:31Comment on Say It Ain’t So, Fed, Say It Ain’t So by What the Fed Taketh Away, Claude Giveth Back – EconForEverybodyFascinating read as always!! In my very limited view, tacking diversity within the utilitarian framework is problematic as it inherently assumes uniform preferences across participants. It does not acknowledge the fact that what may be a normal good for one might be an inferior good for another. In the quoted example from Bihar, Lalu Yadav also derived electoral power from other socially marginalized groups for whom weakening of an upper caste dominated state capacity was empowering in a variety of ways. So, with a more comprehensive view of wellbeing that is not just restricted to income, as situation of this group improved, they demanded more of weakening of state capacity. Questions that are hard to answer but must be outlined in some way are state capacity to do what? Can we identify low hanging fruits where all preferences are aligned (say, enforcing traffic rules) and deliberate over more complicated issues where divergence of preference might undermine state's willingness to act now or worse, impair it in the future.
18.10.2024 06:19Comment on Krishnan on Coase and Cultures by Udayan[…] Thursday’s post was about a lovely little essay by Kartik Tadepalli, about why the only way to grow is by “killing small businesses“. If you find that title provocative, I encourage you to go and read both my post, and the entire essay by Karthik. And it would be awesome if you choose to disagree with both me and Karthik, because what is better than a passionate discussion about the best way to help a country grow, eh? […]
14.10.2024 04:30Comment on All About Firms by Hasan and Jandoc Strike Again – EconForEverybodyIn reply to <a href="https://econforeverybody.com/2024/10/06/kyla-scanlon-on-why-we-dont-trust-each-other-anymore/comment-page-1/#comment-5433">Rajesh P</a>. :) Sundays is usually videos only. I'd done a post on Kyla's work on Friday, where all her social media handles (Substack included) have been mentioned
7.10.2024 12:33Comment on Kyla Scanlon on Why We Don’t Trust Each Other Anymore by AshishIn Summary, the presenter argues that Trust is the most valuable commodity in this world, and that it is being eroded very fast, for the following reasons: 1. Limitations of Language, esp as applied in the context of Economics 2. Role of Media in seeking eyeballs - exaggerating stuff for the sake of eyeballs - and thus, creating a more cynical/ pessimistic/ doomsday outlook 2. Increasing Isolation thanks to the Attention ("Distraction") Economy - Social Media 3. Real crises (inflation/ housing crises in the US), exacerbating anxiety 4. One of the sub-goals of Progress being the elimination of all friction for people, especially in their interactions with each other - causing more isolation 5. Allure of a Romanticised Past (the only cure for nostalgia is more nostalgia)
7.10.2024 03:52Comment on Kyla Scanlon on Why We Don’t Trust Each Other Anymore by Rajesh P