The economics of surplus wisdom
There are certain principles and rules by which democratic governments govern. These are unwritten and developed through culture and local wisdom. The local wisdom is set by the intellectual process…
Years of unwisdom
MEMOIRS of retired Indian and Pakistani diplomats contain accounts of their postings to Islamabad and New Delhi, spent in professional pugilism and recollected in tranquillity. Former Indian high commissioner Ajay…
The wisdom of the people
Pakistan is facing one of the worst periods in its history. Very few would deny this reality. Inflation has reached record levels, with food price inflation touching 46 per cent,…
Another economic disas-Dar
The Sharifs of London have miscalculated badly, but the costs of the miscalculation and the disas-Dar being unleashed on the economy are not going to be borne by them. Nor…
Economic satire: episode — I
In a library with wall to wall shelves stacked with books, the four gentlemen sat on vintage wingback chairs around an antique wooden centre table, smoking expensive cigars (the Surgeon…
China’s economic achievements benefit the world
In 2020, our world went through a pandemic and global changes, both on a scale unseen in a century. It was truly an extraordinary year for both China and the…
Wit and wisdom
I WISH I did not have to write today’s column. Not because of its content but because of the circumstances. The fact that thousands of people felt personally bereft when…
Collective wisdom
During the present emergency, our Prime Minister Imran Khan and his aides have been making repeated announcements on television regarding the steps being taken to ease the lot of the…
Economic reforms: Part – XLVIII
Before we close the subject of fiscal federalism, we discuss the implications of the 7th NFC Award and the resulting state of fiscal affairs in the country. The Award, which…
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…
