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Good economics is inclusive politics

The defeat of Finance Minister Mr Hafeez Sheikh in the Senate elections is not just a defeat of Mr Imran Khan but a rejection of the idea that ‘economic-technocrats’ are…

Rethinking Economics

Rethinking economics

Nobel laureate Professor Joseph Stiglitz had made a rather telling comment during a seminar some years ago. Stiglitz had said that the recent world economic crisis had done to the…

Government-led Successful Economics

Government-led successful economics

All governments of the day are wary of criticism. They feel that they have not done anything wrong. To drive home this message they have recruited 'paltoo totas (domesticated parrots)'.…

Hydrogen initiatives

The good news is that two hydrogen initiatives have been announced in Pakistan recently; one by NEECA and the other by petroleum industry. NEECA (National Energy Efficiency and Conservation Authority)…

The future of electric vehicles [Part – II]

Are electric vehicles (EVs) economical or affordable? Although an EV may not be exactly economical, it is fast approaching the required cost objectives. Rising demand and scale economies would bring…

Crimes against logic

In August 1985, at a conference in Havana, Fidel Castro laid out the facts and figures and indeed the mathematical impossibility of the Third World ever being able to repay…

East-west disparity: an irrational view

December in Pakistan is a time for introspection. The people suffered two bloody partitions within two and half decades. There was little appreciation in West Pakistan that the simmering discontent…

Politicians by inheritance

A politician is generally defined as a person who is ‘professionally’ involved in politics, especially as a holder of an elected office. However, almost all dictionaries also give the following…

Is sovereign default inevitable? – II

The first Prime Minister of India, Pandit Jawaharlal Nehru, said the following on the occasion of abolition of zamindari system in his country’s largest state, UP, in 1952: “I was…