Sunday, 29 January 2017

Review: Justice: What's the Right Thing to Do?

Justice: What's the Right Thing to Do? Justice: What's the Right Thing to Do? by Michael J. Sandel
My rating: 5 of 5 stars

Ever felt that you are being meted out injustice due to reservations based on Caste?
Ever felt that the shopkeepers who sold Milk for 300 Rupees a packet and Water for 200 Rs a Can should be punished?
Ever felt strongly for or against same sex marriage? Euthanasia? Cannibalism?

If your answer to any of the questions is an yes, then you need to read this book. This book will take that question, rip it apart, then patch them up again, making you understand the various strands that held the question together in the first place.

One of those rare, must read books.

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Saturday, 21 January 2017

Review: Fault Lines: How Hidden Fractures Still Threaten the World Economy

Fault Lines: How Hidden Fractures Still Threaten the World Economy Fault Lines: How Hidden Fractures Still Threaten the World Economy by Raghuram G. Rajan
My rating: 5 of 5 stars

TLDR; If you want to understand the '08 crisis without getting bogged down in jargon, this is the book to go. Also, Dr. Rajan makes perceptive observations about India and it's politics, governance, and social security.

This book aims to narrate the various factors that contributed to the global economic crisis of '08. he writing is lucid, clear and flows smoothly. Dr. Rajan explains Sub prime mortgage crisis very well, and is clear cut in his reasoning as to why the Government intervening (or not) was bad. He doesn't paint anything to be a panacea, and doesn't bat too much against the bankers, and not for too much regulation either. Her repeatedly makes it clear that there was a lot of things going wrong, and makes very interesting commentary on the social implications of the crisis, and the solutions that tried to correct the effects of the crisis.

Rajan also takes a dig at the idea that everyone is born equal. He also makes convincing arguments for better social security net, improving the school system, and for affirmative action.

In this Indian edition, there is also a commentary on what India should do, post crisis. He makes a lot of perceptive observations, and this chapter alone makes the book worth reading.



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