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...

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...

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...

For generations of China watchers, Mira Sinha Bhattacharjea was an objective interpreter of the tumultuous events which unfolded in the Peoples’ Republic.  Mira Sinha Bhattacharjea was one of the world’s leading scholars on China, a political scientist who skirted the minefield that her subject’s often fraught relations with India laid before her peers with integrity, wit and an objectivity of consideration rare in the field of Sinology. Taking to academia at...

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...