A professor in formal attire, driving his own Beetle to the sprawling Massachusetts Institute of Technology (MIT) campus and turning up in class to “open up visions of his students” — that’s how Bengal finance minister Asim Dasgupta remembers his teacher, Paul A. Samuelson. Samuelson, who helped form the basis of modern economics, died yesterday at his home in Belmont, Massachusetts, after a brief illness. He was 94. “He was a...
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Textbook titan who redefined economics by Michael M Weinstein
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...
More »Bhopal's economy was stalled by the 1984 gas leak by Jorn Madslien and Ben Richardson
Twenty-five years ago this week, a gas leak at a Union Carbide chemicals plant in Bhopal released 40 tonnes of poisonous gases over the Indian city, killing thousands and injuring tens of thousands. To this day, many of the survivors live in crowded shacks in the slums that line the old factory walls. The people here are not the only ones who have been affected, however. The leak, which is often...
More »The Honest Leftist by Ramachandra Guha
In a recent lecture, delivered in Mumbai in memory of Nani Palkhivala, the home minister, P. Chidambaram, attacked “left-leaning intellectuals” and “human rights groups”, who, in his view, “plead the naxalite cause ignoring the violence unleashed by the naxalites on innocent men, women and children”. “Why are the human rights groups silent?” asked the home minister. The short answer is that they aren’t, and haven’t been, silent. There are very...
More »Needed: ‘basic’ doctors of modern medicine by Meenakshi Gautham & KM Shyamprasad
Opening more medical colleges is not the solution to India’s chronic shortage of doctors in the rural areas. India is the largest supplier of foreign medical graduates to the United States and the United Kingdom. Yet, its own rural areas have remained chronically deprived of professional doctors. The historical antecedents of these shortages could be traced to a landmark health policy document, the Bhore Committee Report of 1946. That report...
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