Now that I (as many of you) have enjoyed the World Cup 2014, allow me to register my protest on behalf of Brazilian taxpayers against this wanton public expenditure. What a colossal waste! Governments around the world organise and host national and international sports events. Governments also support sportspersons representing their respective jurisdictions, by paying […]

Tom Palmer was at CCS on 22 July to discuss market-based solutions to public policy. He began his talk with an interesting distinction between the ‘government’ and the ‘state’ and went on to discuss the need for a market economy. State: In his talk, Tom highlighted the common mistake that anthropologists make, in studying mountain […]

From my experience of Indian railways I suggest that they find someone who has bought a ticket, and give him a prize. – James Cameron in The Guardian, 21 June 1983 Image courtesy: Blogateur It was announced last week that Indian Railways (IR) is going to increase passenger fare by 14.2 percent and freight charges by 6.5 […]

According to a news story published in the Times of India yesterday, Finance Minister Arun Jaitley has instructed states  to delist fruits and vegetables from the agriculture produce marketing committees to control food inflation. This advisory from the central government issued to states, and immediately adopted by the Delhi government, is a welcome move and […]

­“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.” - Adam Smith (June 5, 1723-July 17, 1790) Father of Modern Economics Today is 291st birth anniversary of Adam Smith. I was first introduced to this statement as attributed […]

In his answer to the question, “What is Law?”, French economist, statesman and author Frederic Bastiat (1801-1850) in his pamphlet The Law (1850) wrote, “The law is the organisation of the natural right of lawful defense. It is the substitution of a common force for individual forces. And this common force is to do only […]

Varsha Joshi, Director with the office of the Registrar General and Census Commissioner of India was at CCS on 23 May 2014 to discuss how to look at education data in India. Having conducted the Census of India 2011 for Delhi, and with a particular interest in data for education, gender and development, Varsha has […]

India’s stock market is at an all time high level. The Bombay Stock Exchange crossed 23,000 points yesterday gaining 650 points in a single day. In March itself it gained around 1300 points. Finance Minister P. Chidambaram claims the recent surge in market is due to government’s constant efforts to fix the economy by improving […]

The hottest thing in the market of ideas right now is the new book by French economist Thomas Piketty, “Capitalism in the Twenty-First Century“. Everyone is talking about it. Amazon has run out of stock. It is also the number one best seller on Amazon. The book features in the top 20 of the New […]

One political party believes that it is alright to allow Foreign Direct Investment (FDI) everywhere, but in multi-brand retail. Another thinks that doling out more entitlements is the only way to ensure social justice and equality of opportunity. Even another party believes that the best way to control corruption amongst bureaucrats and politicians is by […]