In the 17th century, coins in England were regularly ‘clipped’ to siphon off the gold and silver. When penalties failed to curb the practice, the Crown decided to accept and demonetize all circulating coins irrespective of their quality. Since the quantity of gold to mint new coins was higher than what was collected from the … Continue reading The Door and Window Tax
Rob Henderson, the psychologist and writer grew up in nine different homes before his eighth birthday. He was born to an unwed drug junkie who died when he was three. His childhood, as described in his memoir ‘Troubled’ was typical of orphans growing up in foster homes in the US – abuse, neglect, teen gangs, … Continue reading Luxury Beliefs
While reading Brian Klaas’ Fluke, I came across the fascinating mental model of ‘Complex Adaptive Systems’. This post is going to be slightly jargon heavy. Please bear with me. A watch is a complicated system of engineering. However, if you remove one spring, the watch won't morph into an unpredictable entity. Its behavior can be … Continue reading Complex Adaptive Systems
Joe Studwell’s ‘How Asia Works’ is a seminal work examining the different trajectories adopted by the Asian countries in the aftermath of the Second World War. India doesn’t figure in the scope of this work. The focus is mainly on Northeast Asia (Japan, Korea), South East Asia (Malaysia, Indonesia, Vietnam) and of course China. Studwell … Continue reading How Asia Works
During this era Singapore Airlines, a government company, ran a centerfold advertisement that featured an Asian woman of somewhat vague ethnicity. She could have been Chinese, Indian, or Malay. She stood in a misty, impressionistic setting, looking out at the reader demurely, holding a single water lily. There was no information about the airline’s fare … Continue reading Bananas, Beaches and Bases
When something sounds too good to be true, always be suspicious. The incoming revolution in the transport sector heralded by Musk revolutionizing EVs - by making them an object of desire – has been touted as the best thing to have happened to mankind. While the energy to power these vehicles will someday be ‘clean’, … Continue reading The Underbelly of the EV Revolution
Why is owning a house such an emotional pull for humans? Why do we derive so much joy from the act (in some cases the mere thought) of designing our living spaces, decorating rooms and pondering about the changes that would be necessary to be initiated in as we age. While a lot of it … Continue reading Buildings aren’t static
When I landed in Delhi 14 years ago, I was miserable. Affordable housing was a joke, eating out was costly, travelling home once in a few months was an expensive proposition and to make matters worse, I was surrounded by people who lived in an alternate universe. Economic worries never troubled them. Fast forward to … Continue reading Inequality can be a good thing
Human beings are self-centered. When I perform an act of altruism or a ‘good deed’, all that I’m doing is meeting my own self-interest – the need for acknowledgement from my peers, an addiction to the warm afterglow or in some cases a quest for glory. This is true for you, me and everyone else. … Continue reading On Philanthropy
Thomas Hobbes, was born in the year of the Spanish Armada and lived through the English Civil War. When Charles I lost his head, he lived in exile in France and only returned after the monarchy was restored under Charles II. (I had written a bit about this period here). To understand his political philosophy, … Continue reading The Narrow Corridor, the Cage of Norms and the Red Queen Effect
Manish Mohandas 