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...
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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 »Global economy to rise by 2.4 per cent in 2010, but recovery still ‘fragile’ – UN
The United Nations predicted today that the world economy would bounce back next year with a global growth rate of 2.4 percent, but warned of a risk of a double-dip recession if the wrong policies are implemented. “We’re not out of the woods yet,” said Rob Vos, Director of Development Policy and Analysis from the Department of Economic and Social Affairs (DESA), ahead of the launch next month of the...
More »Don’t uncork the bubbly yet! by Paranjoy Guha Thakurta
That the economies of Asia, in particular China, India and Australia, are responsible for whatever growth is currently taking place on the planet is now acknowledged and underlined by the West as well as by multilateral financial agencies like the International Monetary Fund (IMF) and the World Bank. The 3.5 per cent growth in the American economy in the July-September quarter has enthused many into believing that the worst of...
More »Surprisingly good news by Ashok V Desai
India’s growth is not falling, although it is not as high as before If there is a crisis, there should be economics to deal with it; what use are economists if they are not around to help out when things get bad? And it is not enough to have economics. There was plenty of economics in 1929. As output and employment plummeted, economists said, this is good. It will take...
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