ILR CH1

India’s Long Road by Vijay Joshi is the start of my long road to understanding the Indian economy.

To follow are books on Indian history, the jobs crisis, and public institutions, as well as podcasts from Prof. Muralidharan’s course The Indian Economy. In his course, Prof. Muralidharan recommends noting three things from each class or reading:

  1. Something you learned
  2. Something you have a question about
  3. Something you are curious about

Presumably, I then follow up on the question and follow the thread of my curiosity.

So, India’s Long Road, Chapter 1 – India at the Cusp:

  1. Joshi is defining high quality growth as a) inclusive and b) environmentally friendly. Hooray on both accounts! Also:
    • Adumbrate – to report or represent in an outline
    • venality – openness to bribery or overly motivated by money
  2. What IS the mean world per capita growth rate? Answer: Around 1-3%
  3. Curious to see the practical sides of Joshi’s argument – what are the “radical reform model” components he recommends?

Causal Inference: The Mixtape

“Identifying causal effects involves assumptions, but it also requires a particular kind of belief about the work of scientists. Credible and valuable research requires that we believe that it is more important to do our work correctly than to try and achieve a certain outcome (e.g., confirmation bias, statistical significance, stars). The foundations of scientific knowledge are scientific methodologies. Science does not collect evidence in order to prove what we want to be true or what people want others to believe. That is a form of propaganda, not science. Rather, scientific methodologies are devices for forming a particular kind of belief. Scientific methodologies allow us to accept unexpected, and sometimes, undesirable answers. They are process oriented, not outcome oriented. And without these values, causal methodologies are also not credible.”

Causal Inference: The Mixtape by Scott Cunningham, associate professor of economics at Baylor University (oh and there’s an accompanying Spotify playlist)