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...

Think environmentalists are stooges? You’re the unwitting recruit of a hugely powerful oil lobby.  The evidence of man-made global warming is unequivocal People behind climate denial campaigns know that their claims are untrue When you survey the trail of wreckage left by the climate emails crisis, three things become clear. The first is the tendency of those who claim to be the champions of climate science to minimise their importance. Those who...

The Copenhagen summit on global warming and climate change has commenced. Instead of a leadership role, we will now be playing a followers’ role. We fell behind the emerging consensus curve. We held on for too long to outmoded positions of merely harping on per capita emission and common-differentiated obligation while disregarding many other significant factors. The recent decision of China, announcing a 40 per cent cut in its energy...

The termination of the proposed social audits of works carried out under the National Rural Employment Guarantee Scheme (NREGS) in 16 panchayats -- one each from an equal number of districts -- in Rajasthan this past week has come as a rude shock to the social activists who pioneered the job scheme. Coming as it does from the Congress Government in the NREGS flagship State of Rajasthan, the development has...

In a year of sparse rains and spiralling food prices, with hundreds of districts being officially declared as drought-hit, a rally by activists in the capital demands a Food Entitlements Act.  Perhaps the most vocal demands at the rally were those aimed at a complete revamp of the Public Distribution System (PDS), starting with universal — instead of targeted — coverage. Over 5,000 grassroots activists, agricultural workers, farmers, lawyers, doctors and...