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...

To register a formal complaint with the police about snatched or stolen articles is often as tough as getting the item recovered. That’s an old axiom held by a good majority of Delhiites. And statistics go a long way into formalising it as a theory. Here’s from the police’s own record books: out of approximately 14,000 calls received by the Police Control Room (PCR) for “snatchings” this year, till November...

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...

The road to Khardung La begins in the Indian town of Leh on the northwestern fringe of the Himalayas. Exhaust-spewing army trucks rattle up the side of dry rock, past Buddhist monasteries clinging to the craggy mountainside and alongside small farms barely scraping fertility from the earth. Khardung La, the highest motorable mountain pass in the world, is more than 18,000 ft. above sea level, the air so thin that...

PETTAH, India — As he approaches his first tree of the day, S. Mohan presses his calloused palms together and bows his head. “Oh God, I am climbing the coconut tree,” he whispers. “Protect me from harm.” With no safety gear beyond a strap of palm frond tied around his ankles, he launches himself onto the tree’s arcing trunk, which rises dozens of feet into the air. With a swift...