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Debraj Ray
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Kenneth Arrow, 1921-2017
Professor Kenneth Arrow died on February 21, 2017, at the age of 95. He was widely regarded (along with Paul Samuelson and John Hicks) as one of the three greatest economists of the 20th century. He also happened to be my favorite economist of all time.    ...

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Where's the Dirt?
From an email conversation on demonetization with a reporter from the Calcutta Telegraph (Devadeep Purohit) December 28. His story ran January 1 here . There are divergent views on when the impact of demonetization would be over. Are you looking at any time...

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The Pale Blue Dot
From Carl Sagan's public lecture at Cornell, October 13, 1994: "We succeeded in taking that picture [from deep space], and, if you look at it, you see a dot. That's here. That's home. That's us. On it, everyone you ever heard of, every human being who ever ...

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How To Co-Author If You Must
by Debraj Ray and Arthur Robson ® ( For the full Monty, click here ) Many years ago, when Debraj worked at Boston University and his good friend Arthur visited there, we spent one of our many enjoyable lunches together railing against the indignities of alp...

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The Universal Basic Share
Universal basic income, or UBI for those acronymically minded, is in the news these days, along with other brilliant post-modern inventions such as Brexit or Trump. Unlike these other luminaries, though, UBI is a genuinely cool idea: give everyone a basic a...

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Aickman's Hospice
I am a big fan of creepy stories. No, I’m not into Stephen King or Dean Koontz or their choleric forerunners: Lovecraft and (alas often) Poe among them. I will take M.R. James though, even though he sits uneasily on the fence between baroque excess and dark...

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Calcutta Time
It's 4.30 in the morning in Calcutta, and I can't sleep. I can't sleep for a good reason, which is that my few days here are invariably tinged with some jetlag, accentuated by the need to get work done in New York when the Americans are up and about. But th...

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It's The Population, Stupid
Here's something that Maitreesh Ghatak (at the LSE) and I wrote together: The Times of India recently reported ,
not without a certain self-congratulatory air, that: "The latest wealth
index by New World Wealth that looks at multimillionaires — an individua...

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Ray on Milanovic on Ray on Piketty
Branko Milanovic has commented in some detail on a recent post of mine , about Piketty's Capital in the Twenty First Century.  My initial urge was not to reply. But I see that Branko's post is getting a fair amount of attention on the net, with a wealth of ...

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A Comment on Thomas Piketty’s Capital in the Twenty First Century [For a pdf version with an appendix, click here .] Thomas Piketty’s heart is definitely in the right place. Capital in the Twenty First Century addresses the great question of our times: the ...
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