India

How Twitter Weakened India’s Information Ecosystem

India’s Covid-19 crisis is a reminder that Indian democracy is also in a crisis, partly due to an information ecosystem where facts...

Indecent Proposals in Economics: The Moral Problem With Randomized Trial Experiments

The advent of field Randomised Control Trials (RCTs) has made it more acceptable for applied economists to collect data in developing countries....

We Need to Deal With WhatsApp's Misinformation Problem

A peculiar feature of WhatsApp groups has made the spread of misinformation much easier. We need better design guidelines for platforms like WhatsApp, ones...

How India’s Bridal Dowry Tradition Leads to Missing Women

In a famous essay published in 1990 the economist Amartya Sen explored the drivers of the global sex ratio imbalance, what he called the...

Uncompromisingly Rajan

Most people in power choose nominees without any outside option, because such people are willing to do anything to be reappointed. Raghuram Rajan is...

Raghuram Rajan Unexpectedly Leaves RBI

In an unexpected move that will likely reverberate throughout India’s political system and financial sector, Rajan announced he will not seek a second term...

The Attacks on RBI Governor Raghuram Rajan: Lessons from Stanley Fischer as a Central Banker

India and Israel show that fighting crony capitalism in countries where a small group of people has huge political and financial influence is sometimes...

RBI Governor Rajan’s Fight Against Crony Capitalism

The Governor of India’s Central Bank, Raghuram Rajan, is attacked for fighting the inefficiency of the banking system.  In any country in the world, a...

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The Aristocracy of Talent: Business Intelligence

In the following excerpt from his new book, The Aristocracy of Talent: How Meritocracy Made the Modern World, Adrian Wooldridge traces "how universities...

Why Privacy Experts Need a Place at the Antitrust Table

Antitrust enforcers have tended to stay narrowly “in their lane,” failing to engage with how data is collected and used by digital...

Assessing George Stigler’s Economic Theory of Regulation

Despite its flaws and limitations, Stigler’s seminal article on the theory of economic regulation remains an important piece of scholarship worthy of...

“Old Chicago” and Freiburg: Why Ordoliberalism Was No “German Oddity”

Both the Chicago and Freiburg schools faced systemic fragility as the crucial property of societal orders. It was this fragility that served...

The Many Faces of Stigler’s Theory of Economic Regulation: Interest Group Politics Still Thrives—But Industry Often Comes Second

Stigler treats industry groups as the heavyweights in regulatory contests. But surprisingly often groups of farmers and workers knock them for a...