If Paul Samuelson, who died this weekend at the ripe age of 94, has been described in many obituaries as the greatest economist of the 20th century and the “founder of modern economics”, even though most professional economists would credit John Maynard Keynes with that title, it is because most students of economics around the world came to the discipline through his textbook. First published in 1948, Samuelson’s Economics: An...
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Local and global in Hyderabad by Sanjaya Baru
In his engaging book on a love affair between a Hyderabadi princess and an Englishman in the 18th century, William Dalrymple reminds us that “the road from Hyderabad to the port of Masulipatam was one of the most beautiful in the Deccan”. In unearthing this fact from travelogues of the time, Dalrymple draws attention not just to the wealth of Hyderabad, inherited from the richest kingdom of the Deccan, Golconda,...
More »Textbook titan who redefined economics by Michael M Weinstein
Paul A. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th century, died Sunday at his home in Belmont, Mass. He was 94. His death was announced by the Massachusetts Institute of Technology, which Samuelson helped build into one of the world’s great centres of graduate education in economics. In receiving the Nobel Prize in 1970, Samuelson was credited with transforming his discipline from...
More »Politics of Disability Estimates in India: A Research Note by Vikash Kumar
Introduction The phenomenon of disability is one of the pressing problems in the world. According to the projections of international agencies, about 10 per cent of the population are affected with physical, mental, sensory and other forms of impairments and around 75 per cent of the disabled population are concentrated in the rural and inaccessible areas of the developing societies. This data is based on recent studies carried out in various...
More »Towards a happier state by SL Rao
Non-governmental organizations are making a difference to the lives of poor and marginalized people in India. Most work in geographically limited areas. They are idealistic and want change, and hope to enter the lives of those they work with. Funding agencies and NGOs are enthused by any sign of change in the long-failed state of Bihar. A virulent and discriminatory caste system that deprives the lower castes even of government-funded...
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