Forget Finance, Study History?
ET on 13th November published an article titled thus, sans the question mark. Who saw the debacle coming? Marx, almost a century and a half ago, and Keynes, nearly 75 years ago? The world needs a new Keynes, and he is difficult to be found out.
Is it just a coincidence that Peter Krugman got the Nobel this year, barely weeks after the whole world of finance as we knew it snowballed on us? Or is it some acknowledgement of his teachings, research and writing, which came at an all-so-important time?
DMS has a set of professors who are experts not only in their own fields, but also in the general management and economic scenario that exist around the world. Add to it eminent personalities who are our visiting faculty, we started hearing of Keynes and Marx yet again far before this. Keynes, Marx, Friedman- a lecture by Dr. Vinay Bharatram, the CEO of DCM went on. Economics classes and finance classes alike focus on the current issues in industry and the dilemma that the world is facing.
DMS is a delectable collection of history and finance, and with everyone busy these days with the halfyearly ritual of term-paper submissions. That part of DMS life, maybe, in another post.
I totally agree with Sreejith. We find ourselves uniquely positioned not only to understand the current financial crisis but also to take active steps to restore sanity in these panic times. All due to the blend of a traditional and modern approach to teaching the subjects like Finance and Eco adopted by our professors.