-The Business Standard A recent academic paper on probability theory shows how beliefs are influenced by interpretations of data rather than the data itself Ever since Indira Gandhi turned it into a closely-held family company - and even more so since Sonia Gandhi turned it into a brain-dead dinosaur - one of the hallmarks of the Congress party is that it often ends up doing the right thing for the wrong reasons. Whether...

Cash transfers are now suggested by many as a silver bullet for addressing the problems that plague India’s anti-poverty programmes. This article argues instead for evidence-based policy and informed public debate to clarify the place, prospects and problems of cash transfers in India. By drawing on key empirical findings from academic and grey literature across the world an attempt is made to draw attention to three aspects of cash transfers...

Ever since Gunnar Myrdal’s Asian Drama, which castigated India as a “soft state”, western observers, as well as many members of the Nehruvian wing of Macaulay’s children, have failed to understand the anarchical society which has existed in India for millennia. A recent review (Journal of Economic Literature, September 2009) by Lant Pritchett (a former World Bank official in Delhi) of Financial Times’ former India correspondent Edward Luce’s book In...