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Vidarbha – a major cotton growing region in central India has been the epicentre of a protracted agrarian crisis. Chronic indebtedness and farmers' suicides continue unabated despite decades of state intervention. Going beyond the contemporary discourse that finds fault in neoliberal policies and integration with global markets, this fascinating book tells the story of how nineteenth century 'accidents' particularly in the form of colonial policies and the American Civil War ushered in institutional transformations that shaped the region's cotton economy. By drawing insights from their longitudinal study in villages of the region spanning 12 years, Gaurav and Ranganathan present the 'gambles' that farmers are part of. The novelty of combining a long view of history and evidence based on primary field research results in a book that underscores the importance of investigating roots of agrarian crisis and paying attention to adjustments of farm households, at a crucial juncture in India's economic transformation.
"Everything Mr. Krugman has to say is smart, important and even fun to read . . . he is one of a handful of very bright, relatively young economists who do everything well." — Peter Passell, New York Times Book Review In this wonderfully cohesive set of sharp and witty essays, Paul Krugman tackles bad economic ideas from across the political spectrum. In plain English, he enlightens us on the Asian crisis, corporate downsizing, and the globalization of the American economy, among other topics. The writing here brilliantly combines the acerbic style and clever analysis that has made Krugman famous. Imagine declaring New York its own country and you get a better picture of our trade balance with China and Hong Kong. Try reducing the economy to the production of hot dogs and buns and you’ll understand why common beliefs about the impact of production efficiency on labor demand are wrong. This is a collection that will amuse, provoke, and enlighten, in classic Paul Krugman style. "[Paul Krugman] writes better than any economist since John Maynard Keynes." — Rob Norton, Fortune "[Paul Krugman is] probably the most creative economist of his generation." — The Economist Winner of the John Bates Clark Medal
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**A New York Times top 100 Notable Book of the Year** Alexander Bruno is a man with expensive problems. Sporting a tuxedo and trotting the globe, he has spent his adult life as a professional gambler. His particular line of work: backgammon, at which he extracts large sums of money from men who think they can challenge his peerless acumen. In Singapore, his luck turned. Maybe it had something to do with the Blot – a black spot which has emerged to distort Bruno’s vision. It’s not showing any signs of going away. As Bruno extends his losing streak in Berlin, it becomes clinically clear that the Blot is the symptom of something terrible. There’s a surgeon who can help, but surgery is going to involve a lot of money, and worse: returning home to the garish, hash-smoke streets of Berkeley, California. Here, the unseemly Keith Stolarsky – a childhood friend in possession of an empire of themed burger bars and thrift stores – is king. And he’s willing to help Bruno out. But there was always going to be a price.