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...

In energy infrastructure alone, the transformational ambitions the Copenhagen meet is expected to set will cost more than $10 trillion in additional investment.  If negotiators reach an accord at the climate talks in Copenhagen it will entail profound shifts in energy production, dislocations in how and where people live, sweeping changes in agriculture and forestry and the creation of complex new markets in global warming pollution credits. So what is...

The world’s biggest industrial disaster took place in Bhopal on December 3, 1984 taking a toll of 20,000 lives and affecting 5.69 lakh people. The twentyfifth anniversary of that massive mishap at the Union Carbide plant in the city is being observed across the country today. That disaster is a crying shame for all our citizens. Why? For three reasons. First, the real culprit behind the mishap, the Union Carbide management,...

Empty protest no substitute for rational framework In a voluminous 300-page report, a committee on agrarian relations and land reforms, headed by the Union rural development minister, has found fault with practically every aspect of land policy in India, attributing the rise of Naxalism, tribal and agrarian unrest entirely to this. However, despite its composition of a mix of officials, experts and activists, the committee has failed to come up with...

A mega conference that may determine the future of the planet opens in Copenhagen tomorrow amid widespread fears that years of labyrinthine, almost tortuous, negotiations won't yield what science demands. An estimated 15,000 delegates from 192 countries are expected to converge at the 15th UN Climate Change Conference to finalise a set of strategies to reduce or limit emissions of Earth-warming greenhouse gases [GHG] in the period beyond 2012. But...