From next year, on swearing allegiance to the Queen, all members of Britain’s House of Lords will be required to sign a written commitment to honesty and integrity. Unexceptionable principles, one might say. But, until recently, it was assumed that persons appointed to advise the sovereign were already of sufficient honesty and integrity to do so. They were assumed to be recruited from groups with internalised codes of honour. No...

The outcome of the Conference of Parties at Copenhagen is “good” but not “adequate,” R.K. Pachauri, chairperson of the Inter-governmental Panel on Climate Change, said on Wednesday. Talking to reporters here, he said the Copenhagen Accord provided a FRAmework for working out a binding agreement, incorporating the details of the specific commitments by all countries, especially the developed nations. But it did not address the extent to which the developed nations...

I first met Paul Samuelson in 1962, as a student at MIT. A decade later, I had the pleasure of co-authoring with him a paper on the Theory of Index Numbers (American Economic Review, 1974) and another in the Royal Economic Society’s Economic Journal (1984). I last met him a couple of years back, on a sidewalk in Belmont, Massachussets. He was driving down the street and stopped upon seeing...

Brazil and India are now among the top five government supporters of research into third-world diseases, according to a study issued last week, which found that middle-income nations are taking on more of the burden of ills afflicting their poorest citizens. The study, by the George Institute for International Health, based in Australia, found that nearly $3 billion was spent last year on new drugs or products for such diseases. Brazil...

The Opposition has slammed the government over the Copenhagen Accord, saying the document betrays developing nations, and has  compromised India's interests. In a lengthy speech in Parliament this morning, the BJP's Arun Jaitley said the Copenhagen Accord helps developed countries avoid the commitments they made under the Kyoto Protocol. Jaitley also said the  Copenhagen Accord permits international scrutiny of India's actions to deal with global warming, something that the government had...