rathin roy Profile picture
Rude/Hate/bigoted tweets reported.Stupid/attention seeking+anonymous tweets blocked. Tweets personal, unrelated to organisations I am affiliated with
Feb 8 13 tweets 3 min read
This is an exercise in erudite brilliance from someone who is emerging as a major economic statesman of our country.
In this thread I am going to quote what I consider to be key points of political economy from the article:
🧵 Two decades ago, Uttar Pradesh’s economy was 19 per cent larger than that of Tamil Nadu (2004-2005) and remained larger up until 2013-2014. It has only fallen behind as that of Tamil Nadu since the dawn of “Acche Din”, and was 95.48per cent of Tamil Nadu’s economy in 2022-2023
Jan 8, 2023 12 tweets 3 min read
The contributions below by @adam_tooze @michaelxpettis provide wonderful insights on debt, and fiscal policy that are extremely relevant in the contemporary global scenario. I’d like to add a few observations… #EconTwitter 🧵 1/12 Debt is a transfer. So are taxes. The difference is that debt is theoretically “amortised” while taxes are not. But consols -“perpetual debt” -are assets that pay interest but are not amortised. They can be bought and sold by debt holders. How is this different from a tax? 2/12
Aug 30, 2022 6 tweets 2 min read
The passing of #AbhijitSen marks the loss of one of the sharpest minds, most lucid explainers, and Great Characters of Indian Economics. A kind, gentle, and amazingly non-hierarchical soul. I shall miss his presence and personality. @Jayati1609 @jahnavi_sen.
Some memories 1/n He taught me statistics for economics Including Chebyshev’s and Kolmogorov’s inequalities.
Years later we went out for drinking in Rotterdam and I asked him why he taught me these quite useless things “They are such fun”! He said, eyes twinkling.
We drank late and a LOT..2/n
Feb 26, 2021 5 tweets 2 min read
This is an important thread for those interested in economics. I’m adding a short one of my own.
(1)Mainstream economics as taught (as opposed to economics as a subject)is boring to a lively intellectually curious mind. Those with an interest in the profession therefore... (1)Turn to heterodox economics. This can be rewarding but is prone to Cults (eg MMT) which destroy intellectual judgement and ability to engage.
(2)Stay in mainstream but broaden scope of study (Philosophy, Polisci, Sociology, psychology etc) This is rewarding but...
Mar 25, 2020 4 tweets 2 min read
This is ridiculous We’re are taking anticipatory action in full knowledge that we are a developing country with an informal sector that will be stretched by this pandemic and a healthcare system that can bear a limited burden @samirsaran 1/2 We are having a robust conversation on how we can do this better and learn from our failures We are not scoring party political points We have evacuated our citizens from pandemic hotspots globally and are struggling to deal with livelihood issues of internal migrants 2/n
Mar 21, 2020 10 tweets 2 min read
In the thread below I elaborate on some aspects of this interview Those worrying about financing: in a war-like economy, it is ok to print money. If effective, it will restore aggregate demand, not add to it. In this circumstance....(1/n)