I discuss the grounds where it is legitimate for the Government to intervene in the markets.
Baptists and Bootleggers
While baptists and bootleggers appear to be enemies, they are actually bedfellows in the regulatory ecosystem. Baptists fight for an alcohol ban on Sundays. But this only helps bootleggers who get the entire market for themselves on Sundays.
Don’t Fix What’s Not Broken
“Change” is a magic word, whether in organizations or societies. In 1792, the French Revolutionaries created a new calendar and decimal time system to mark the dawn of the new Republican era. In the 18th edition of the newsletter, I dig into why this ‘scientific’ system isn’t still around. It’s a story of how tradition quietly reclaimed the lost ground.
How PV Narasimha Rao transformed India
I pay my tributes to the statesman par excellence who successfully pulled India back from the brink.
Are Indians too Dumb for Democracy?
If political parties have to respond to people’s interests, why don't people demand basic public services and oust governments that fail to do this?
Musings by Madhav 