-Outlook Nobel laureate Joseph E. Stiglitz is one of the world’s leading economists. A former chief economist at the World Bank and currently University Professor at the Columbia Business School, he was recently in India to attend an international conference on development and to promote his new book, The Price of Inequality. He spoke to Pranay Sharma about growing inequality in the world and the challenges facing India. Excerpts: * Your coinage,...

-Live Mint The OECD forum is discussing how to make the aspirations of the common man relevant to policymaking New Delhi: In the face of a deepening economic crisis and social resistance to austerity measures, world leaders are considering a collective experiment to include parameters such as well-being and happiness in national and international statistics. The Organisation for Economic Co-operation and Development’s (OECD) World Forum on Measuring Well-being for Development Policy Making being...

-The Economist Growing inequality is one of the biggest social, economic and political challenges of our time. But it is not inevitable, says Zanny Minton Beddoes IN 1889, AT the height of America’s first Gilded Age, George Vanderbilt II, grandson of the original railway magnate, set out to build a country estate in the Blue Ridge mountains of North Carolina. He hired the most prominent architect of the time, toured the chateaux...

-The Economist A new form of radical centrist politics is needed to tackle inequality without hurting economic growth BY THE end of the 19th century, the first age of globalisation and a spate of new inventions had transformed the world economy. But the “Gilded Age” was also a famously unequal one, with America’s robber barons and Europe’s “Downton Abbey” classes amassing huge wealth: the concept of “conspicuous consumption” dates back to 1899....

-Economic and Political weekly Drawing on the research on basic education in West Bengal, this essay argues the case for a much criticised public education system, which needs to be reconsidered as regards its potential as a provider of quality education, even while addressing its many failings. The essay follows an approach, both critical and constructive, that underlines the collective onus of the public in realising the value of the public...