Free Market

Free Market Capitalism vs. Crony Capitalism

The following is a short excerpt from ‘The Morality of Capitalism: What Your Professors Won’t Tell You”, a series of essays on political economics. In the excerpt, the essayist differentiates between the terms “crony capitalism” and “free market…

Brilliant Democracy, Lousy Economics: Let’s Talk Cash

The following is an excerpt from Kanwal Rekhi’s article titled “Brilliant Democracy, Lousy Economics” (Silicon India, December, 1999). In the excerpt…

State’s Legitimate Monopoly on Market Failures

Sadaf Hussain points out the double standards to which public and private enterprises are held, with respect to the controversies surrounding Air India and Vijay Mallya. He also elaborates upon the characteristics of sound public policy, in…

Trade Beats Aid for the Developing World

(This post was originally published on FEE.org. The author is John L. Glenn)

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It’s called individual dynamism, and it has nothing to do with a tilt to the left or right. It has a lot to do with basic…

Globalisation in India: Making People Better Off, Since 1991

I come from a very small town in India, not even sure if they have marked it on the political map. When I moved to Delhi 5 years ago I saw the ‘real world’ — fast cars, fancy food, good wine, coffee breweries, big roads…

Uttarakhand Floods — The Problem of Adverse Incentives and The Role of Markets

Carrying on from where we left last week, in this post we explore the problem of adverse incentives in disaster management and relief when carried out by the government and the possible role of…