Why governments must intervene in the financial markets to keep a free-market in the real economy going

In mid-2008, when a whirlwind of credit crises hit the global economies, massive State intervention was needed to prop up the pillars of modern finance. Even as their institutions were kept afloat by taxpayers’ money, financial executives were found to have relentlessly lined their...

Was Alan Greenspan a serial bubble-blower with a history of bad decision-making?

There are two opinions about Alan Greenspan. One, that he was a brilliant central banker managing market expectations. This is exemplified by the book, Maestro, by Bob Woodward. The second view is that Greenspan didn’t know much about financial economics and was solely responsible for the dotcom bubble of...

There are generally two categories of books about places. One, travelogues that contain a lot of factual information about a city and two, biographical sketches, which trace the history of cities; they seek to bring a place alive by capturing its myriad moods. This book belongs to the latter category and is a portrait of one of the world’s largest cities.

Sam Miller, BBC’s Delhi...