New Delhi, Jan. 20 -- Market failure is a prickly idea in economics. It exists in theory, is acknowledged in textbooks and is occasionally invoked in policy debates, but it sits uneasily with the prof... Read More
New Delhi, Jan. 7 -- Unlike Charles Dickens' fabled expression, it isn't the best or worst of times for us in India; we have seen better and we have seen worse. Inspired, however, by the title of the ... Read More
New Delhi, Dec. 8 -- Last week was yet another education in how fragile markets truly are. When one private airline faltered, schedules collapsed, weddings were disrupted, families struggled, students... Read More