The folks at LiveMint have a radical idea to address the stray dog problem in the Indian cities – Privatize them! [Via India Uncut]

The fundamental problem is that stray dogs are “public property”, which creates what economists call “negative externality”. Those…

The greater point is that not all products and services are the same, and in some cases creating sustainable markets may be all but impossible. Though it is certainly not “ideologically attractive,” I strongly believe Kremer and Miguel are correct…

Abhijit Banerjee and Lakshmi Iyer have published yesterday a paper that attempts to explain

“the impact of a specific historical institution on long-term development, specifically the land tenure systems instituted during British colonial rule. The paper compares the long-term development outcomes between…