How economic theory and thought is evolving!

November 3, 2017

Russ Roberts is one of the most important economic thinkers and popularizers of our time. His podcast Econtalk is the most perceptive podcast for learning economics. You will find the most in-depth discussions of many subjects there and his interviews and interview style is enviable.

While Russ has published extensively in academic journals and is a professor of economics in George Mason University, he has done a lot to present key economic ideas to a wider audience.  His books, “The Choice,” “The Invisible Heart,” and ‘The Price of Everything” are written for the lay audience in fictional form to explain economic thinking and analysis. They clarify difficult economic concepts and are very provocative for generating very interesting learning discussions. They are a must for anyone interested in economics.

Russ has also made economics music videos—a series of debates in rap between Keynes and Hayek.  Once again very useful for understanding economics.

Russ’s most recent book is “how Adam Smith can Change your life: An Unexpected Guide to Human Nature and Happiness.”

We will use Russ’s vast experience in economics to discuss several key issues that are important to all who are interested in economic thought and policy.

  • His reflections on a career in economics and how his thinking has changed over time.
  • Key economic thinkers such as Smith, Keynes, Hayek and the Austrians.
  • The nature of policy and policy thinking.
  • The role of models, emergence and self-organization in understanding economics.

There is a lot in this podcast if you are interested in economics.  I urge you to listen to it carefully and if you are student share it and discuss it in class.

Listen to this and let us reinvigorate research and debate into change. 

Listen to this fascinating discussion. There is much to learn and research here. 

You can also look at my book “Looking Back: How Pakistan Became an Asian Tiger in 2050” now available in hard copy in Pakistan. Soft copy here. 

https://www.amazon.com/Looking-Back-Pakistan-Became-Asian-ebook/dp/B06X94135J/ref=sr_1_1?s=books&ie=UTF8&qid=1488133596&sr=1-1&keywords=nadeem+haque

Listen and learn and write some papers on this subject.  Don’t forget to cite Soch Bichar

Please subscribe to Soch Bichar if you like it. Tell you friends about it. That is the only way to grow a public discussion. And we need a wider conversation on these important subjects.

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Entrepreneurship and the Code Economy

October 19, 2017

Entrepreneurship and innovation are at the core of development. When we first put these concepts in the Framework of Economic Growth (FEG) in the Planning Commission, people were surprised. Given the preoccupation with fiscal arithmetic and ‘theories of a bygone era’ most people thought economics was all about deficits, and growth was about development projects and aid.   

Phil Auerswald a professor of Economics at George Mason University helped with the FEG preparing both a background paper as well as a documentary on entrepreneurship. Since then Phil has written 2 books. The first “The Coming Prosperity” is about how entrepreneurship across the globe could lead to huge gains for the global population.

His second book “The Code Economy” is a human history as seen through the lens of technology or what is at the back of all technology—recipes or code.

Here we discuss

  • Phil’s involvement in Pakistan
  • What entrepreneurship is? And what policies can nurture is?
  • What code and technology is? What lessons for policy can we derive.

Listen to this and let us reinvigorate research and debate into change. 

Listen to this fascinating discussion. There is much to learn and research here. 

You can also look at my book “Looking Back: How Pakistan Became an Asian Tiger in 2050” now available in hard copy in Pakistan. Soft copy here. 

https://www.amazon.com/Looking-Back-Pakistan-Became-Asian-ebook/dp/B06X94135J/ref=sr_1_1?s=books&ie=UTF8&qid=1488133596&sr=1-1&keywords=nadeem+haque

Listen and learn and write some papers on this subject.  Don’t forget to cite Soch Bichar

Please subscribe to Soch Bichar if you like it. Tell you friends about it. That is the only way to grow a public discussion. And we need a wider conversation on these important subjects.

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Getting India Pakistan dialog to move forward

October 7, 2017

Despite much talk India Pakistan dialog does not seem to move forward. Here Saleem Ali a Pakistani professor at Delaware discusses his ideas about how the dialog can be taken forward and what role the world and friendly countries can play to facilitate it. 

We also discuss the role of various factions in each country can play to achieving more regional integration.

We also discuss why domestic reform remains underweighted in the debate especially in Pakistan. The pace of domestic reform in both countries appears to be very slow with much of the colonial administration intact and local government still very weak.   

This is an important subject that also needs more attention but with more innovation than in the past. 

 

Listen to this and let us reinvigorate research and debate into change. 

Listen to this fascinating discussion. There is much to learn and research here. 

You can also look at my book “Looking Back: How Pakistan Became an Asian Tiger in 2050” now available in hard copy in Pakistan. Soft copy here. https://www.amazon.com/Looking-Back-Pakistan-Became-Asian-ebook/dp/B06X94135J/ref=sr_1_1?s=books&ie=UTF8&qid=1488133596&sr=1-1&keywords=nadeem+haque

Listen and learn and write some papers on this subject.  Don’t forget to cite Soch Bichar

Please subscribe to Soch Bichar if you like it. Tell you friends about it. That is the only way to grow a public discussion. And we need a wider conversation on these important subjects.

 

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Understanding economic history of the world (ENGLISH)

September 22, 2017

Hilton Root is a professor in Public Policy and Economics in George Mason University. He has published many books and is now working on using complexity to understand economic history and development. 

His new book is “Global Transformations in Economic History”. In this book, he uses complexity theory to understand economic history. It sheds new light on how the west evolved technology and institutors to achieve global domination.

  • Why did China which had the lead in technology all the way through the middle ages surrender this lead?
  • Why was decentralized and warring Europe the cauldron of change and discovery in the 18th and 19th centuries?
  • How did the notion of sovereignty and systems fo governance evolve?

 

All students of economics and all people interested in policy must listen to this and clean fresh perspectives on how global economic transitions happened.

 

Listen to this and let us reinvigorate research and debate into change. 

Listen to this fascinating discussion. There is much to learn and research here. 

You can also look at my book “Looking Back: How Pakistan Became an Asian Tiger in 2050” now available in hard copy in Pakistan. Soft copy here. https://www.amazon.com/Looking-Back-Pakistan-Became-Asian-ebook/dp/B06X94135J/ref=sr_1_1?s=books&ie=UTF8&qid=1488133596&sr=1-1&keywords=nadeem+haque

Listen and learn and write some papers on this subject.  Don’t forget to cite Soch Bichar

Please subscribe to Soch Bichar if you like it. Tell you friends about it. That is the only way to grow a public discussion. And we need a wider conversation on these important subjects.

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Inside Universities (ENGLISH)

September 15, 2017

Amer Raza, now a Ph.D. candidate in University of Massachusetts, has been teaching in the University of Peshawar. We discuss the inner working of a Pakistani university from the perspective of an insider.

What emerges is a picture of teaching colleges with limited mentoring and motivating students. Sadly, students are not getting a holistic learning experience which will prepare them for a life of competition in an increasingly globalized world full of change.

It is just bad management of universities and a system created by HEC for failure while counting numbers. 

Listen to this and get into some research and writing about these universities to see if we can change them into modern eco-systems of knowledge. 

Listen to this and let us reinvigorate research and debate into change. 

Listen to this fascinating discussion. There is much to learn and research here. 

You can also look at my book “Looking Back: How Pakistan Became an Asian Tiger in 2050” now available in hard copy in Pakistan. Soft copy here. https://www.amazon.com/Looking-Back-Pakistan-Became-Asian-ebook/dp/B06X94135J/ref=sr_1_1?s=books&ie=UTF8&qid=1488133596&sr=1-1&keywords=nadeem+haque

Listen and learn and write some papers on this subject.  Don’t forget to cite Soch Bichar

Please subscribe to Soch Bichar if you like it. Tell you friends about it. That is the only way to grow a public discussion. And we need a wider conversation on these important subjects.

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Incentives in Civil Service Reform (ENGLISH)

September 7, 2017

Asim Khwaja is one of our bright young economists now a Professor in Harvard and engaged in some great research on Pakistan.

Asim has for the last 8 years been involved with civil the revenue service in Pakistan conducting randomized control trials to see if incentive could be used in the context a wider civil service reform to produce a more performance oriented civil service.

Here we discuss the results and methodology of his research that has appeared in the QJE and other good journals. We also discussed ho these results should be used in policy as well as how policy is made and the use of research in policy. We also discuss wider issues of civil service reform and governance in Pakistan.

A great discussion on many levels and much to learn from.

Listen to this and let us reinvigorate research and debate into change. 

Listen to this fascinating discussion. There is much to learn and research here. 

You can also look at my book “Looking Back: How Pakistan Became an Asian Tiger in 2050” now available in hard copy in Pakistan. Soft copy here. https://www.amazon.com/Looking-Back-Pakistan-Became-Asian-ebook/dp/B06X94135J/ref=sr_1_1?s=books&ie=UTF8&qid=1488133596&sr=1-1&keywords=nadeem+haque

Listen and learn and write some papers on this subject.  Don’t forget to cite Soch Bichar

Please subscribe to Soch Bichar if you like it. Tell you friends about it. That is the only way to grow a public discussion. And we need a wider conversation on these important subjects.

 

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Critiques of the standard economic model (ENGLISH)

August 30, 2017

Prof Steve Keen is a profound critic of Neoclassical economics and the author of “Debunking Economics” and several papers and courses on reframing macroeconomics. He is also ranked the 18th most influentail economist today. https://richtopia.com/inspirational-people/top-100-economists

He is a strong proponent of the Minsky model and has operationalized it for policy and real-time tracking. His new book, “Can we avoid another Financial crisis” is a great read, very well researched and forcefully argued.

In this podcast, we discussed

  • his critique of the standard economic model
  • how he saw the global crisis of 2008,
  • the Minsky model, and
  • How he sees the possibility of further crises

Many Pakistanis are very suspicious of neoclassical economics and yes there is good reason to be. Indeed, critical thinking requires that we examine critiques and not swallow any one theory as dogma.

I am very grateful to professor Keen for giving us an education in good economics that is different from what most of us are taught in class. 

So enjoy and think about how you can develop build your own research on development or on Pakistan using Steve’s work.

Listen to this and let us reinvigorate research and debate into change. 

Listen to this fascinating discussion. There is much to learn and research here. 

You can also look at my book “Looking Back: How Pakistan Became an Asian Tiger in 2050” now available in hard copy in Pakistan. Soft copy here. https://www.amazon.com/Looking-Back-Pakistan-Became-Asian-ebook/dp/B06X94135J/ref=sr_1_1?s=books&ie=UTF8&qid=1488133596&sr=1-1&keywords=nadeem+haque

Listen and learn and write some papers on this subject.  Don’t forget to cite Soch Bichar

Please subscribe to Soch Bichar if you like it. Tell you friends about it. That is the only way to grow a public discussion. And we need a wider conversation on these important subjects.

 

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On higher education (URDU)

August 24, 2017

We return to the subject of higher education and we will keep returning to it given its importance to the economy and welfare of Pakistan.

Here we talk to Mr. Wasif Rizvi the founding president of Habib University.  Mr Rizvi, a Harvard graduate has been associated with education in many parts of the world including Pakistan.

I enjoyed our discussion which gave me several new ideas about how to think about developing higher education in a country like Pakistan. 

He has a holistic concept of education centered around students which could be truly transformative.

I agree with him that education while providing skills must most importantly instill humanity and human civilization. 

I hope HEC and educationists will listen. Much to learn here as in all our education podcasts.

Listen to his book recommendation at the end of the podcast. Very good book. All should read.

Listen to his advice to students and journalists on how to think about education.

Listen to this and let us reinvigorate research and debate into change. 

Listen to this fascinating discussion. There is much to learn and research here. 

You can also look at my book “Looking Back: How Pakistan Became an Asian Tiger in 2050” now available in hard copy in Pakistan. Soft copy here. https://www.amazon.com/Looking-Back-Pakistan-Became-Asian-ebook/dp/B06X94135J/ref=sr_1_1?s=books&ie=UTF8&qid=1488133596&sr=1-1&keywords=nadeem+haque

Listen and learn and write some papers on this subject.  Don’t forget to cite Soch Bichar

Please subscribe to Soch Bichar if you like it. Tell you friends about it. That is the only way to grow a public discussion. And we need a wider conversation on these important subjects.

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Reviewing growth in Pakistan (URDU)

August 17, 2017

Some episodes are worth repeating for those who have not heard them. This was played in earlier dys when few knew of SOCH BICHAR. so here it is again. 

Pakistan economy grows in spurts. Pakistan has a young population is that needs employment.  

"Given the youth bulge that Paksitan is going through till 2050, the economy needs to at a sustained rate of 8% per annum for the next 30 years" Framework of Economic Growth of the Plannign Commission 2011.

Questions discussed are:

What can we learn from the growth experience of the world?

The importance of the software of growth--institutions and what institutions are?
what is the the geography of growth
The preoccupation fo our rulers with "hardware"--projects and aid.

Anjum and Nadeem Discuss many aspects of growth policy and literature while also discussing why Paksitan does not attained the required sustained growth. 

An important subject to which we will return again and again. 

Listen to this and let us reinvigorate research and debate into change. 

Listen to this fascinating discussion. There is much to learn and research here. 

You can also look at my book “Looking Back: How Pakistan Became an Asian Tiger in 2050” now available in hard copy in Pakistan. Soft copy here. https://www.amazon.com/Looking-Back-Pakistan-Became-Asian-ebook/dp/B06X94135J/ref=sr_1_1?s=books&ie=UTF8&qid=1488133596&sr=1-1&keywords=nadeem+haque

Listen and learn and write some papers on this subject.  Don’t forget to cite Soch Bichar

Please subscribe to Soch Bichar if you like it. Tell you friends about it. That is the only way to grow a public discussion. And we need a wider conversation on these important subjects.

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“Let the system Run” or “do we need reform” (URDU)

August 10, 2017

It is frequently argued that no matter how bad our democracy is all we need is to let the system run and it will automatically produce the finest democracy ever. We can go through many dynasties and we will achieve democracy.

Here Saeed Afridi a former oil and gas professional now a PhD candidate in politics argues to the contrary.

  • We discuss why research and debate on possible reform is so lacking in Pakistan.
  • We also take up on how change is always sled by ideas and a debate among thinkers on change ideas.
  • We discuss how change happens and why it is important to constantly think change.
  • We discuss how merely running a faulty car with punctured tires will not fix itself without some tinkering and fixing.  

Listen to this and let us reinvigorate research and debate into change. 

Listen to this fascinating discussion. There is much to learn and research here. 

You can also look at my book “Looking Back: How Pakistan Became an Asian Tiger in 2050” now available in hard copy in Pakistan. Soft copy here. https://www.amazon.com/Looking-Back-Pakistan-Became-Asian-ebook/dp/B06X94135J/ref=sr_1_1?s=books&ie=UTF8&qid=1488133596&sr=1-1&keywords=nadeem+haque

Listen and learn and write some papers on this subject.  Don’t forget to cite Soch Bichar

Please subscribe to Soch Bichar if you like it. Tell you friends about it. That is the only way to grow a public discussion. And we need a wider conversation on these important subjects.

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