Farmers of Chandauli district in Uttar Pradesh, who have been served a notice for acquisition of land for a freight corridor for Mamata Banerjee’s railway ministry, have decided to rope in all those who had backed the Singur agitation for a movement against the project. As a first, the farmers have written to Medha Patkar, the spearhead of the Narmada Bachao Andolan, who is one of the key social activists...

Paul A. Samuelson (May 15, 1915 — December 13, 2009) has often been described as the foremost academic economist of the 20th century. Randall E. Parker, the economic historian, has called him the “Father of Modern Economics”. All this may be hotly disputed in Chicago, but in any case, Samuelson was the first American to receive the Nobel prize in economic sciences. The Swedish Royal Academy’s citation stated that he...

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...

In a new twist to the alleged Rs 5,600-crore scam in giving away contracts for ambulance and emergency healthcare services to a private party in 10 states, the Centre told the SC that though the funds for the services were from National Rural Health Mission (NRHM), the onus rested with the state governments to ensure transparent bidding process. A PIL had alleged that it smelled a gigantic scam in former...

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...