I am trying to wrap my head around MMT and what it means. Click here to read my notes of the book The Deficit Myth by Dr. Stephanie Kelton.
India Growth - Many BIG Ideas
In 2019, the Modi government was re-elected to power with better margin. While the population was happy with the performance of the government in other areas, economic growth and jobs needed improvement. Despite the infrastructure spending, growth was anemic and was unable to permeate through the economy. Economist, policy advisors and others seemed out of playbook. India needed a new growth model.
As a solution I proposed the following book - India Growth - Many BIG Ideas. It includes the main presentation and Deep Dives into specific issues relating to growth.
US, China & Free Trade looks at the reason there is a trade dispute between US and China, whether US China Trade is indeed fair and what are possible options for each of the countries to play this Trade War. (2019)
A Solution to Farmer Suicides & Loan Waivers explores the reasons for agricultural stress and proposes a solution in the form of Smart Agriculture Management System (SAMS) to help markets function better in agriculture. (2017)
Black Money and Demonetisation tries to predict if Demonetisation was a good idea or not. It explains the effect on black money and tries to evaluate the merits of the decision. (2016)
The organisation designs are changing to better address our new connected and highly innovative world. I explored these initially through an ebook on organisation structure for business growth (co-authored with Anne McCrossan, Advisor, specialist in Social business Design and founder of Visceral Business). Of particular interest is newemployee roles for business growth, a blogpost I wrote years back. Here is a link to more of my blogposts on organisation structure.
My Second Book "Understanding Firms: A Manager's Model of the Firm" presents a unique model at intersection of economic and managerial theory to help design firms. The model uses five elements - the concept of transaction chains, Coase transaction cost hypothesis, Porter’s bargaining power theory, transaction-profiling and new types of employee-roles. The model gives insight into which mergers will work, how to make them work, how to promote disruptive innovation, how to manage knowledge oriented teams etc. It explains strategy failures, competition blindness and inefficiency. In my words I try to answer what makes the Buffet's "moat" and what makes it stronger. This model will help us make firms better.
World without poverty is one of my dreams! Experts like Jacqueline Novogratz through Acumen Fund, Dambisa Moyo, Jeffery Sachs, Mohammed Younus, etc are grappling with the problem. Yet, we need a view on life of the poor. I attempt to do this through an e-book "A Future without Poverty". It is my contribution to understanding and eradication of poverty in the world. Briefly it covers three main aspects:
How poor get poor? I look at three phases over which a household gets into a poverty trap. This, I believe, is critical to understand as it harbours solutions to the poverty problems. Further, it also leads us to a basic framework for solving the poverty crisis everywhere.
Snakes and Ladders Approach: Getting a community out of poverty needs a customized solution. Each community faces its challenges (snakes) but has opportunities (ladders) hidden within its structure. This framework may be used to build a customized approach for the community.
Structural v/s transient poverty : One of the central idea I want to highlight is the difference between temporary poverty - one that household can get out of versus structural poverty - one that seduces the household into believing that they can get out of poverty.
My ebook "A Future without Poverty" is available for download free.