Book Reviews
Right Medicine

How a humble checklist can  eliminate quality-control errors

Did you know that, by 2004, some 230 million major surgeries were performed annually—one for every five human beings on the planet? Such are the nuggets of information you get in Dr Atul Gawande’s latest book. But, “while incisions have gotten smaller and recoveries have gotten quicker, the risks remain serious. Worldwide, at...

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How Money Ought To Be Managed

Money is a topic rarely spoken about in Indian households. The only time you may have heard the word ‘money’ as a child is when you were denied something, the reason cited being there wasn’t enough money. When you got your first salary, the first thing you were probably told was to save (not invest) or put it all in safe fixed deposits. This is a thoughtless way of dealing with money. Written...

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Smacking the Invisible Hand

A superb tour of the ideological battle against the free-market philosophy

One of the well-entrenched economic doctrines comprises a collection of ideas called efficient markets, invisible hand and rational expectations. While these ideas have been fathered by different economists separated by more than 200 years, they are strung together and popularly labelled ‘free-market philosophy’....

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