IRRATIONALLY YOURS – REVIEW OF DAN ARIELY’S “PREDICTABLY IRRATIONAL”

Two thousand years ago Aristotle stated, “Man is a rational animal”, to differentiate him from other animals who relied on instincts. In my college days, for a while I was hooked on rationality under the influence of Ayn Rand. I used to think that every action and every opinion should be rationally evaluated and life should be conducted with reason as the measure of virtue.

CURRENCY SUICIDE! – REVIEW OF JAMES RICKARDS’ “CURRENCY WARS”

A currency war is a situation where several countries simultaneously devalue their currency by printing more money, with an ostensible motive of increasing their exports. We are now in the midst of a currency war. And it has not been good for India. The present day high inflation and the drastic depreciation of the rupee in summer of 2013 can be attributed to the ongoing currency war.