Despite being the third largest industrial agglomeration in the world before World War II, Berlin was faced with an economic void after the partition and reunification of the city with many abandoned and alienated commercial and industrial spaces in a compact urban fabric. What has happened with...

The resignation of T T Krishnamachari from the finance ministership in early 1958 was the culmination of three developments evolving concurrently. The first was the M C Chagla Commission of Enquiry Report, which ultimately led to Jawaharlal Nehru accepting Krishnamachari’s resignation. The...

East Asian countries have recorded large increases in per capita GDP over the last fifty years. Some observers have referred to this growth as an “East Asian Miracle.” One popular explanation attributes the rapid growth to state led industrial development planning. This paper critically...

We consider a multi-stage game where firms first choose product quality and then compete for sales in the product market. We show how the equilibrium qualities depend on the timing of quality choices and on the form of competition at the sale stages. If the product market is characterized by...

With searing wit and incisive commentary, John Kenneth Galbraith redefined America's perception of itself in <i>The New Industrial State</i>, one of his landmark works. The United States is no longer a free-enterprise society, Galbraith argues, but a structured state controlled by the largest...