New Delhi, April 29 -- In 1604, James I of England anonymously published a small book titled A Counterblaste to Tobacco. He called smoking "a custom loathsome to the eye, hateful to the nose, harmful ... Read More
New Delhi, April 15 -- Vikram Sarabhai, when pressed on why a poor country should spend on space research, offered an elegant rebuttal. He said that we are not in competition with economically advance... Read More
New Delhi, March 10 -- In 123 BCE, Gaius Gracchus passed the lex frumentaria, a law mandating that the Roman state sell grain to citizens at a fixed below-market price. The aim was modest: stabilize f... Read More
New Delhi, Feb. 24 -- In his book Increasing Returns and Path Dependence in the Economy, economist W. Brian Arthur explains how institutional outcomes often persist not because they are efficient, but... Read More