Reviving the Invisible Hand is an uncompromising call for a global return to a classical liberal economic order, free of interference from governments and international organizations. Arguing for a revival of the invisible hand of free international trade and global capital, eminent economist...

Trade, Development and Political Economy takes fundamental issues in trade and development policy and subjects them to well-based economic analysis in a form that is easily accessible to the non-specialist. Distinguished contributors address some of the following questions: Are critics of...

A novel attempt has been made to use Moth Flame Optimization (MFO) algorithm to optimize PI/PID controller parameters for AGC of power system. Four different power systems are considered in the present article. Initially, a two area thermal power system is considered for simulation. The...

This paper provides estimates of the economic welfare effects of tobacco taxation in India, S.Africa, S.Korea, Japan and the European Union. It argues that past studies of the cost-benefits of smoking are flawed as they fail to net out Paretoirrelevant pecuniary externalities. It estimates...

A transfer function for private household transfers in rural India is estimated from the National Council of Applied Economic Research's (NCAER's) ARIS-REDS survey for 1998–99. It is found that till a threshold, income (close to the rural poverty line) transfers are altruistically...

Do political decentralisation and inter state competition favour innovation and growth? There has long been a lively debate surrounding this question, going back to David Hume and Immanuel Kant. This book is a new attempt to test its veracity. The existing literature tends to assume that the...