Book Reviews
Pricking the Bubble

How central banks can avoid future financial crisis

William McChesney Martin (Jr) was the ninth and longest-serving chairman of the US Federal Reserve Board (from 2 April 1951 to 31 January 1970). He is known for his famous comment that it is the Fed’s job to “take away the punch bowl just as the party gets going.” But exactly when should the Fed do that? One indicator is when the market is...

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Extended Vanprastha

As one who has experienced the joys of work in the ‘third phase of life’, I found Tamara Erickson's book a delight. She reaffirms what one has done over the past 15-years in the stage that Hindu philosophy calls vanprastha, and puts an academic spin on it. Tamara Erickson, a McKinsey Award-winning author and widely respected expert on organisations and the changing workforce, has written for...

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The Calculus of Prosperity

How and why some nations become rich while others lag

On 26 January 1817, Thomas Malthus wrote in a letter to his fellow economist David Ricardo that “…the causes of the wealth and poverty of nations (is) the grand object of all enquiries in Political Economy.” Indeed, there is, as yet, no conclusive evidence for why some countries are able to adapt to new technologies and manage to stay...

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