wealth signalling

2 posts

Science prizes, wealth location and social signals

4 min read
Analysis Op-eds Science Arindam Ghosh Infosys Foundation Infosys Prizes Nobel Prizes Prachi Deshpande privilege Rajan Sankaranarayanan research funding Social Sciences SS Bhatnagar Award Swarnajayanti Fellowships wealth signalling

One count on which I almost always find myself to be an outlier in India is my opinion that the Nobel Prizes and their derivatives belong in the gutter. But while many people in other countries share…

Veblen cars and useless concerns for the climate

2 min read
Science accessibility affordability capital accumulation climate change electric-hybrid engine hybrid vehicles Lexus lithium-ion battery LS 500h private transport public transport Veblen goods wealth redistribution wealth signalling

Lexus has an ad on the jacket of today's The Hindu for its new premium hybrid electric vehicle, the LS 500h. The product description states that the car "extends relentless innovation to envi…