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...

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...

Corporate governance codes work only where firms believe working in a legal, ethical and transparent fashion also means good business. It is not in dispute that good corporate governance is all about commitment of a company to run its businesses in a legal, ethical and transparent manner, and that the tone must be set at the top. But are companies in India convinced that good business is all about good corporate...

Rampur-Mathura (Uttar Pradesh): It is not yet 5 p.m. but the light has started fading in Rampur-Mathura, a village of barely 5,000 people, in Sitapur district. A group of village elders settle down comfortably in wooden chairs around a small fire lit under a tree. It is here that they gather every evening to discuss the day's events before retiring for the night. Until now, the village's busybodies used to keep...

CAMBRIDGE (Massachusetts): Economist Paul A. Samuelson, a Nobel laureate and winner of the National Medal of Science, has died. He was 94. The Massachusetts Institute of Technology, where Mr. Samuelson taught, said he died on Sunday at his home in Belmont, Massachusetts. Mr. Samuelson was one of the leading economists of the 20th century and served as an adviser to Presidents John F. Kennedy and Lyndon B. Johnson. He won...