Economics

income inequality, as a measure of relative depravation, was consistently associated with violent crimes.

rates of homicides and violent crime were strongly associated with income inequality. In addition, unemployment was found to be associated with income inequality.

poverty seems to be an aggravating factor in all types of violence

inequality [was] a better predictor of violence than economic development… Increasing inequality was found to predispose more to lethal violence

Because of connectivity, India has increased mobility. People from Orissa work in Gujarat, people from Gujarat can start businesses elsewhere. Because of telecommunications, a farmer can now get information on seeds and fertilisers.

Telecom Pioneer & Advisor to Indian Government on Technology Policy

Telecommunications has not only connected India, but it has also given India global recognition and a new respect for Indian talent. It has created our own multinationals, and created a huge amount of foreign exchange reserves.

Telecom Pioneer & Advisor to Indian Government on Technology Policy

These institutions walk, talk and act like commercial-organisations and must be treated as such.

India's 'un-bankable' millions are not only better re-payers than their 'banked' counterparts in the west, but their demand for credit is outstripping supply by a great degree.

The 'beneficiaries' of these loans are just like us- consumers who need to borrow money to create economic opportunity for themselves, their families and their children- they would not wish to be treated as a charity in this regard, and we owe them the dignity of therefore doing business with them in a professional manner.

A speculative bubble exists when the price of something does not equal its market fundamentals for some period of time for reasons other than random shocks. [Fundamental] is usually argued to be a long-run equilibrium consistent with a general equilibrium

Mathematician known for Rosser's theorem in mathematical logic and computability theory.

I made the analogy of earthquake faults- when they get aligned, they either all move, or they don't move- we also have this diversity of micro fault-lines that fail, and I think that's a huge problem.

Hedge Fund Manager & Author of "The Black Swan" Risk Management

Here I am the fool looking to fail frequently. I want to either hit a homerun or walk or even strike out. This means I fail far more often than I succeed. But the important point is that what I lose when I fail is trivial, epsilon compared to what I make when I succeed.

Hedge Fund Manager & Author of "The Black Swan" Risk Management

We have a much more connected marketplace. We have had, what I reckon to be an extremely overvalued stock market since 2000. When you have that situation, you are prone to very sudden negative revaluations.

Hedge Fund Manager & Author of "The Black Swan" Risk Management

People like to compare such rare payoffs to lottery tickets. This is way off. We know from the availability heuristic that people overestimate the likelihood of an event based on their ability to envision it—the risk of plane crash versus car crash is the best example of this.

Hedge Fund Manager & Author of "The Black Swan" Risk Management

We must act now, before we reach economic checkmate.

Every nation is dependent on every other to shore up the system, and there are few (if any) instances where a country is fully shielded against the default of another.