The Unleashed Edification Industry in India by Chandra

A Delhi based Think Tank think that the “Education should be made competitive like any other products with alternatives and options for parents as well as pupils. What should be the role of policymakers do to get this end view? Should government fund students directly or fund government schools?” my answer to lies yes, we should but once has to reaslise “The challenge now is not how much government has spent on education but how the money is spent. There is a need to critically analyse the age-old solutions and explore innovative ideas including school vouchers, deregulation and decentralisation of curriculum, examinations and textbooks”.

More is here but still brief!

Free market stalwart sadly passed away! By Chandra

I once wrote a biography about her father B R Shenoy that was little hesitantly rejected by Sudha Shenoy for publication, I am now thinking to write a biography about sudha shenoy?

Sudha Shenoy, 1943-2008

A commenter on the Catallaxy blog recently stated that the free-market economist, Dr. Sudha R. Shenoy, had passed away after a long battle with cancer (I have confirmed this via the School of Economics, University of Newcastle).
A native of India, and daughter of prominent Indian economist, Professor B. R. Shenoy, Dr Sudha Shenoy was an Honorary Associate in Economic History at the School of Policy, University of Newcastle, Australia. From 1986 to 2004, she was a lecturer at that institution. Since that time, she was a fellow at the Mises Institute in Auburn, Alabama, United States. In 2003, she delivered the Hayek Memorial Lecture at the Austrian Scholars' Conference, entitled 'An Auxilliary for Historians: The Contribution of the Older Austrians'.
Her publications included Under-Development and Economic Growth, Central Planning in India: A Critical Review, and 'Austrian Capital Theory and the Underdeveloped Areas: An Overview' (in Richard Ebeling, ed., Austrian Economics: Past and Future). Shenoy edited the Centre for Independent Studies publication, Wage-Price Control: Myth & Reality, and, most notably, compiled and edited Hayek's classic Institute of Economic Affairs publication, A Tiger By The Tail.
A brief Internet search illustrates that Sudha was reasonably active on the blogosphere, including as a member of the Liberty & Power group blog, and also presented numerous speeches on elements of Austrian economic thought and market theory all over the world. It is my understanding that she was in the process of writing a book on development, capital structure and the common law in England, c. 1100-1914, and, in 2003, she referred to an ongoing project of hers to write a Hayek biography.
Whilst I never had the pleasure of meeting Dr. Shenoy, I am well aware of her contributions to economic history, Austrian economics and development economics. She holds a place as one of the forerunners of the modern Austrian school, through her attendance at the 1974 IHS Austrian economics conference at South Royalton, Vermont. Her work with the IEA in promoting F. A. Hayek's macroeconomic theory and ideas in currency competition also stand out as significant contributions. An early paper on Austrian monopoly theory is another nice sample of her thinking in the Austrian economic tradition.
Shenoy's work in economic history and economic development were also insightful and original in character. Some good examples of her work in these domains included a note on government monopoly in money from a historical perspective (for a monetary economics paper written by Hayek), capital structure in the global economy, her paper for the Ebeling compilation, and a recent speech entitled 'The New Global Marketplace'. A recent article of hers published in The Freeman, in which she critically assessed Jeffrey Sachs' critique of Hayek, is another item that deserves to be widely read.
Those interested in a more general overview of Shenoy's life work might be interested in an interview she gave to the Mises Institute, where, amongst other things, she referred to the formative influences of the works of Mises and Hayek in her student days.
It also seems clear to me that Sudha Shenoy was well-respected throughout the classical liberal and libertarian communities, judging from the honourable mention that she, and her family, received in the Milton and Rose Friedman memoirs. I also refer to an account of a speech she made in New Zealand: 'Dr. Shenoy's speech was extremely well-received ... The meeting room was packed to overflowing with students and other interested persons - to the extent that many had to sit on the floor or stand in the doorway'. For any academic, these mentions represent welcome praise indeed.
Given recent issues faced by scholars that specialise in economic history, and the history of thought, in Australia, it is sad to hear of the passing of a prominent economic historian. Indeed, the loss of a woman who cherished the ideals of freedom in the economic realm is a telling one. As is the case of all good academics, however, Dr. Shenoy left behind a legacy of quality work and fascinating insights - and none more so than her economic history reading list, posted on the Austrian Economists blog. In fact, one cannot think of a better way for a scholar to encourage the next generation to take up the intellectual challenges that lay ahead of it.

The Muse of Decisive Mix! by Chandra

This is my Book Review and interesting thoughts and many muse, i fully enjoyed.
The Funda of Mix-ology what bartending teaches that IIM doesn’t by Mainak Dhar, Published by Srishti publishers & Distributors, Rs.100

It was around 4.30 on April 3rd, 2008. My new friend Neetu called me, it was unexpected call, but I was about to think, it may be for April fool! Though two days over. It was not. But interesting call! She showed me a book and asked how is it I was mum-cum but murmuring myself, what must be there in it. Quickly I just gone through the author’s brief bio, it perhaps for young minds I said. She simple looked at me with nice smile but both were in puzzle.

As I am always fond of reading liked books, I asked her to issue this book to me but she did not, because she already planned to return it to library and issue another book for some one else, my hope to read, has gone almost terribly, because, I may live without food for some time but not without the book that I liked to read. So I return to my work place without telling a word to her but smiled. What hope is left to dream further?

I was merely busy with my works, to complete on time and get out of office but no way until 8.30 pm and freed from office but on the way to go home I saw, Neetu has not returned the book which I liked very much but blindly at that time, but she was suppose to return the book but did not. My goodness I revisited my hope to get the book and read, I was mystified and felt stupid to take that book without her knowledge and read 7 chapters out of 14. By the time it was, around 2.30 am, I could see how I traveled with author’s interesting life for about four hours I did it and slept good sleep.

I woke up in the morning, it was 8 am, got read ready, came to office, before Neetu came, I still not informed her the book is with me, but she asked when she came to office, is the book with you? Yes I said, but she again smiled and said I wanted to return the book by 10.30 or 11 am. I was murmuring about the word ‘return’ but I was still happy to complete the reading with her notice dead timeline. I did it by around 1 pm when I finished my useful reading I thanked to Neetu….. What a humor but that was!

After reading ever chapter, I thought that I should write a full review about the book, but after the complete reading felt that, I have no view left to write, except to state the proactive, generous and make to work individual’s life with their own muse for action is that the great job which I am going to do here. The book has 14 chapters across 148 pages. Each chapter start with a good lucid poem which I believe is worth reading than splitting something from each chapter.

What is more interesting was the author, his musings in life of technology out of his professional career in private Organisation and the predatory State of Government in which his father worked for his whole life, I really like this line, as the author writes that “I wanted to do more with my life than slave for a corporate or the government all my life” (p. 87).

It should be noted, that his father worked with Government for long time and retired. Author note that his father’s life income and saving was just two or three years yearning of his income and saving, how much have changed so much, but the conclusion of book says that there are only mixing up. You may think at back side of your mind that what is all about that mix-up, it is you to decide and be decisive for your life nobody else can ever do or did that.

Albeit, still you perhaps attempt to muse that the Government is doing good for poor it is bullshit. Why it works because it impose tax from individuals like you and me for that it try’s to do something but fails at every step! Would we need any more attempt to do more the answer is no, let’s you try to muse why you on this land for what and be decisive for your life, never for other nor other for your life!

Let’s go ahead to read the following interesting muse! It’s not so check it? The inspiration to dedicate the book goes with the below lines:
‘My muse, my inspiration and the love of my life’

An ode to Ennui
Ennui envelops me
in its comforting arms,
as I sink into a world
of pleasant nothingness.

The illusion is shattered,
ringing phones, fill in-boxes,
and I return to this world,
leaving ennui behind.

But it remains in wait
faithful to the end,
and I long to return,
to my ennui’s arms.

Lost in the Mob
A thousand voiceless faces,
cast in the same mold,
silently urging you
to do as you’re told.

A thousand faceless voices
speak in the same tone,
urging you to suppress
the song of your own.

Fight to rise above the mob
for when all is told and done,
all you really have to show
is the little individuality you’ve won.

Reality Bites
Reality bites
with jagged teeth,
lacerated illusions
dreams that bleed.

Bandages of fantasy
to ease the pain,
dreading the moment
when reality bites again.

Fallen Angel
C4ast away, spiralling down,
flapping wings that have been shorn.
What was yours original sin?
or did you just dare look within?

Beyond the façade they made
meant to be blindly obeyed.

And where those really wings of flight
or just fetters to bind you tight?

Calm before the Storm
A lazy, clam breeze
soothes in the early morn.

A harbringer of food tides,
or the lull before the storms?

The pristine iceberg tip,
to gaze at in wonder.
Jagged edges hidden within,
tear the unwary asunder.

The ever-convenient façade,
hides real intents within.
For the darkest of despair,
disappears behind a simple grin.

Wanderer in a Strange Land
The whole world seems transformed,
across the oceans that I fly.
for the only constant I can see,
are the stars in the night sky.

All else has shifted so much,
life a line in the desert sand,
reminding me that all I really am,
is a wanderer in a strange land.

The Place Where Memories Die
A moment frozen in time,
fading ever so surely.
Replaced by something much colder,
Bust much more pragmatic.

Idealism nailed on a cross of cynicism,
appears briefly lie the stigmata.
But you are not a messiah
for you cannot save even your own soul.

Bartered for a pound of flesh,
sold for a handful of dreams,
Remaining but a forgotten promise,
in the place where memories die.

Face the mirror
Childhood years spent imagining,
infinite possibilities ahead.
Little time or thought given,

to the path you really want to tread.
Youth of disappearing choices,
things you can never be or have,

Till one day you see in the mirror,
a stranger staring back.

Rest of your life spent reconciling,
the chasm in your mind,
between the face in mirror,
and the dreams you left behind.

Flowers on the Roadside
Stumbling along the road of life,
exploring new paths, yearning for those
long lost in the mists of time,
Searching for a place called fame

Callused soles tired feet,
scorching glare of the ego’s Sun,
but still charting the paths ahead,
searching for a place called success

Never stopping, never looking,
searching for a place called wealth.
A broken sign on the road reads
Did you see the flowers on the roadside?

10. Things Unsaid
The greatest pain that can afflict,
comes not from gun or knife,
but from indivisible demons within,
gnawing away at you all your life.

The greatest grief you can feel,
comes not from illness or death,
but from the emptiness within,
of things that remain unsaid.

11. The Book of Life
Dog-eared covers,
enclose fading text,
missing pages I seek,
unknown chapters ahead

Writing my dreams,
in the blank pages ahead,
line after line filled,
with hopes in my head.

It may well change,
like chalk on slate,
but at least I’ll know,
the author was me, not fate.

12 Intimation of Mortality
Your whole life spent planning,
things not yet done and said,
dreams yet life unfulfilled,
for the years that lay ahead.

But what if fall you had,
was just one solitary day,
in which to live your dreams.
in which to have your say?

Would you go down quietly,
like the slowly setting sun?
or would you shine one last day.
as if the day’s just begun?

13 Homecoming
A journey through time and space,
prying to bridge the miles and years,
between where I find myself,
and a place I used to call home.

Hello shells of brick and stone,
shadows of ghosts that were friends,
the closer I am to where I was,
the more a stranger am I to myself.

14. Mix it up!
I drank of the cup of my life,
and found bitterness in every sip,
the sweet taste of happiness,
seemingly never touching may lip

I swirled the cup and saw,
many hues and flavors within,
never seen and tasted before,
as I hadn’t seen beyond the brim.

The secret to my happiness lay,
not in seeking another cup,
but taking the one I had,
and just mixing it up!

I hope you have decided to mix-up, never forget that the muse to make action is to make the actionable life but with mix. The decisive life is just need two things: hard efforts and honest action in your life is the only root-cause to enrich your self development as a matured human being to live. Many thanks to Neetu because she gave me the book for next few days, I really enjoyed the good reading. How Neetu has changed! Read the book and mix-up your life!

Free Market Economist Mises in Indian Parliaments by Chandra

This idea was once brilliantly explained by Mises but now the Indian Politician Sharad Joshi explains the food crisis in India.

“This country enjoys the highest standard of living ever known in history because for several generations no attempts were made toward “equalization” and “redistribution.” Inequality of wealth and incomes is the cause of the masses’ well-being, not the cause of anybody’s distress. Where there is a “lower degree of inequality,” there is necessarily a lower standard of living of the masses”.

The below lines is from Sharad Joshi
“It is an old observation in economics that with increasing incomes the standards of nourishment rise”.

What is not the mart yet to say by Chandra?

The Mint columnist Niranjan Rasadhyaksha writes that the “Markets are learning mechanisms. Information is transmitted through prices. And mistakes usually get minimized over time”. This is what the free market economists along saying. Is anyone out there? Read full.

Economics =Supply and Demand by Chandra

Anandi R writes “The classical theory of demand, the foundation on which other principles of economics are built, states that prices are determined, other things being equal, by the demand and supply forces in the market”.

However it is true what actually need at present is that the “Indian farmers are rational and better informed in a near competitive market. The prices are market determined and are ruling higher than the MSP. So we should focus more on the real sector problem rather than spinning along with the markets”.
Read more

May 8, Friedrich August von Hayek 109 Birthday by chandra

There are insighting ideas that different economist and learners have rememberd
GMU Economist Don Boudreaux wished brief passage from page 104 of Hayek's 1973 book Law, Legislation, and Liberty, Vol. 1: Rules and Order:
Another one is from the The Road to Serfdom: here
my favourate one is from his discussion with staff at Stanford
“No discovery ever been made in economics then discovery is to be made” more here