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OPINION

Don't count on innovation to overcome stagnation

News, Satyajit Das, Published on 30/05/2017

» Innovation, everybody hopes, will rescue the world from economic stagnation. I'm not so sure.

OPINION

Virtual cash not a global panacea

News, Satyajit Das, Published on 23/05/2017

» Even now, after the chaos caused by India's decision last November to eliminate nearly 90% of its banknotes, few people would argue with the policy's underlying assumption: Going cashless is, if handled well, a good thing. Yet the fact is, most arguments in favour of demonetisation don't stand up to scrutiny. And those that do should raise other concerns.

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OPINION

No such thing as the fourth industrial revolution

News, Satyajit Das, Published on 30/11/2016

» The theme of the 2016 World Economic Forum (WEF) in Davos was the "Fourth Industrial Revolution". Professor Klaus Schwab, WEF's founder, has even published a hasty, crowd-sourced book. He warns that the scale, speed and impact of new technologies, focused on artificial intelligence, robotics, the Internet of Things, autonomous vehicles, 3D printing, blockchains and biotechnology, are "so profound" that in history "there has never been a time of greater promise or potential peril".