Archive for January, 2010

Wish list

January 28, 2010

What I want to know is what are the employment opportunities for a Ph.D in economics in Bangalore.  For that I would need a list of employers in Bangalore.  Where is this list?  What I need is a database which can be queried for different geographies, and different variables.  For instance, I may want to know how many of the current employers (employing above, say, 100 people) are US companies, how many Japanese, etc.  I know I can get highly aggregated FDI data from the RBI, but what of Bombay, Delhi, Bangalore?  I need to be able to filter for city.  Where is such a database?

Further, I want to know, if, say, Amba, was included in the FDI data, or not.  I want to know about IHS. How is the FDI calculated?

And what of the scale of operations?  Revenues of these companies?  Employment?

This is just an attempt to narrow down the field of inquiry.  To specify it, as it were.



January 27, 2010

Family structures over modes of production.  The tribe was one vast family.  Many kinship terms in aboriginal or ur languages.  (Check this!)  The joint family of the feudal estate.  The family homestead.  The 2BHK family of modern times.  I would love numbers put to all these sets.

Debt deflation, Irving Fisher

January 27, 2010

Daily sight communities

January 25, 2010

Reflecting on the modes of production post below: analyze the daily sight communities in the modes of production mentioned.

Hunter gatherer:  the daily sight community was the tribe.  Neolithic agriculture: the village.  Feudal: the manor, the zamindari.  Modern day:  nuclear family, coworkers.

Modes of production

January 24, 2010

When Marx spoke of historical materialism it was not only of the micro history of kingdoms on well populated geographies.  I take him to have meant the macro history of epochs and ages.  From memory, I say 50,000 years of hunter gatherer past, 10,000 years of neolitihic agriculture, 500 years of feudalism, 300 years of capitalism.  Man has been on this planet in his present form for the last 2,000,000 years.  (I’ll have to check these facts and compile a chronology.)

Urbanization has a separate and parallel history.  The aggregate of humans you take for a unit of social mass.  (Because it is always social.  You were begat from father and mother so a minimum of three people is always assumed.)

So, up until 1600 (I take the formation of the East India Company to signify the beginning of modern capitalism), man had lived pretty close to nature, where by nature we mean the trees, the sky, the water, the beach, the ploughed field, the forest, and so on.)  Snakes were worshipped as gods.  The Devi came riding on the back of a tiger.

But modern city man has entirely lost the connection to nature (in its narrow sense).  His seasonality is different. And perhaps his mode of production is not viable in the long run.

An invaluable link

January 19, 2010

Prices from the internet

January 8, 2010

Onions Spanish (1 kg)   £0.80     Rs 58.38

Potatoes (2.5 kg)     £1.25     .^.   1 kg    £0.5     Rs 36.49

Todays GBP to INR rate: from Oanda:     72.9789

1 pack of  Players 20×4     £ 5.85 x 4 = £23.4      Rs 1707.71

Prices from shopping basket at Choice Daily Needs, Chalaghata, Bangalore, India 560 037

January 8, 2010

Potato 1kg    Rs 20.00

Tomato 1kg     Rs 20.00

Onion 1 kg     Rs 28.00

Lemon 3 nos.     Rs 7.00

Curds I packet     Rs 6.00

Pepsi 2 ltr x 2 nos      Rs 104.00

Wills packet of 10×8      Rs 272.00

Milk powder (200gms)     Rs 44.00

Total  Rs 501.00

I assume an american potato is equivalent to an indian potato.  I assume an american tomato is equivalent to an indian tomato.  I assume an american onion is equivalent (from the point of view of function) to an indian onion.  I assume an indian lemon is as good as an american one.  Dahi or curd is equivalent there and here.  Pepsi is perhaps the only case where quality differentials are nil.  A pack of 20 wills is equal to a pack of Marlboros.  Milk powder is pretty much the same.  So now, I need the USD prices of these, and I can compare the specific and generalised purchasing power of the USD (and the INR) .  Will I be able to find these prices on the net?  And would there be home delivery?


January 6, 2010

What do I know about bonds?

They are a form of money lending.  For certain tenor.  In rite sized denominations.  With assured and fixed coupons.  Usually redeemed semiannually.  The principal is repaid when the loan matures.

What is a loan?  I have advanced Rs 882 to my ironman.  He is going to service this credit by ironing at Rs 3 per shirt.  At the end of some finite period, he will have paid the loan back in services.  But my capital will have been consumed as purchase of services and I cannot repeat the cycle.  Money should beget money.  That is what financial capital is.  In school we would write M-C-M’ (read M C Mprime).

The idea is fairly old and respectable that nature multiplies over time.  Flocks grow larger, trees give fruit, and grapes turn into wine over time.  There is a natural rate, typical to the particular growth process that we are interested in, take potatoes for example, at which, normally, nature multiplies.  And this is the original justification for the phenomenon of interest.

So to get back to the creditor:  he may have many motives.  One of them could be to derive a steady, predictable source of income from his capital.  He could choose to invest in a company, or a venture (and what he then earns are profits) or he could lend his money out, thus earning interest (the rate of interest).  The scheme is roughly that the entrepreneur pays for the use of money. And drives a wedge between the rate of profit and the rate of interest.  It is the tension between the rate of profit and rate of interest that is driving the demand for funds.  Funds for ostentatious and voluptuary consumption are (I think, got to look at the data here) judiciously small.