By Prof. Mahesh P. Bhave Right next to the bus stand in Kunnamangalam is a shop that fries banana chips, tapioca chips, and more – all fresh. A big round-bottomed fryer sits in front and to the right of the store. Often the frying happens in front of you. Steam pours up from the pot and smoke from the flames …Read more »
By Prof. Mahesh P. Bhave If you go to Reliance Fresh or Big Bazaar, and are about to pay for the merchandize you have bought, chances are greater than even that the person at the cash register has no change to give you. He will ask you if you could produce the exact amount. If asked as a sheepish request, …Read more »
By Prof. Mahesh P. Bhave Around mid-1980s, I was puzzled by a simple question: Why is India poor? What are the causes of the wealth and poverty ofnations? I realized only later the very question prompted Adam Smith’s 1776 classic, An Inquiry into the Nature and Causes of the Wealth of Nations. One conclusion I reached was that entrepreneurs were responsible …Read more »
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