We Indians implicitly believe in India’s great past. Recently, that past has been given a statistical underpinning by Angus Maddison. To celebrate the beginning of the 21st century, Maddison wrote a Book called The World Economy: A Millennial Perspective. There he says that India was the world’s largest economy in the first millennium AD. It produced one-third of the world’s income in the first century, and 29 per cent in...

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...

A rising source of conflict in one of the publishing industry’s last remaining areas of growth.  William Styron may have been one of the leading literary lions of recent decades, but his Books are not selling much these days. Now his family has a plan to lure digital-age readers with e-Book versions of titles like “Sophie’s Choice,” “The Confessions of Nat Turner” and Styron’s memoir of depression, “Darkness Visible.” But...

We need to recognise that there is no intellectual democracy; elitism in science is inevitable and needs to be promoted.  The Nobel Laureate Richard Feynman had famously said, ‘the difficulty with science is often not with the new ideas, but in escaping the old ones. A certain amount of irreverence is essential for creative pursuit in science.’ The first grand challenge before Indian science is that of building some irreverence. Our...

In his engaging Book on a love affair between a Hyderabadi princess and an Englishman in the 18th century, William Dalrymple reminds us that “the road from Hyderabad to the port of Masulipatam was one of the most beautiful in the Deccan”. In unearthing this fact from travelogues of the time, Dalrymple draws attention not just to the wealth of Hyderabad, inherited from the richest kingdom of the Deccan, Golconda,...