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...

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 G8 countries have promised to increase the spending on agricultural development by $20 billion over the next three years. The amount is woefully less than the $44 billion that will be needed each year to end malnutrition.  At the world leaders’ meeting in Copenhagen, it is imperative that governments pledge to adopt up-to-date technologies to boost food production as well as outweigh the negative impacts of climate change. A...

Thrissur: Union Agriculture Minister Sharad Pawar said on Sunday that the import of edible oils would continue as there was a huge oil deficit in the market. Speaking to journalists after launching a coconut replanting and rejuvenation project at the Kerala Agricultural University, he said there was a gap of 5 million tonnes between the domestic production of edible oils and demand. “Imports will continue until domestic production is up. To offset...

Rich and poor countries have to give ground to get a deal in Copenhagen; then they must focus on setting a carbon price AT A time when they are not short of pressing problems to deal with, the presence of 100-odd world leaders at the two-week meeting that starts in Copenhagen on December 7th to renew the Kyoto protocol on climate change might seem a little self-indulgent. There will be oceans...