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...
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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 »Science and the layman by SL Rao
Governments and people have to make choices about accepting new scientific developments into their daily lives. Many attribute high levels of objectivity and integrity to scientists, which is not true of many of them. Scientists have been known to manipulate results to their advantage. Scientific issues are often complex, there are differing views among scientists and the layman finds it difficult to decide which scientific course is harmful or beneficial....
More »Climate change threatening survival of Himalayan communities – UN report
Climate change is posing a serious threat to communities in the Hindu Kush-Himalayan region, bringing both drought and catastrophic floods to hundreds of millions of people, according to a new United Nations-backed report. Food security, housing, infrastructure, business and even the survival of people living in mountainous regions and their neighbours in river basins downstream in the region are extremely vulnerable to climate change, it said. The publication was launched...
More »Copenhagen: Time out by NK Singh
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...
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