India Achieves its Highest Ever Score on the Index of Economic Freedom

India Achieves its Highest Ever Score on the Index of Economic Freedom

Posted by: on May 27, 2016 | One Comment

India achieved its highest ever score on the 2016 Index of Economic Freedom. India’s score of 56.2 gave it the 123rd rank among the 178 countries ranked by this index. India was ranked the 25th among the xx nations in the Asia Pacific region. The 123rd

Daniel Kahneman: The Psychologist  who won a Nobel Prize for Economics

Daniel Kahneman: The Psychologist who won a Nobel Prize for Economics

Posted by: on Apr 21, 2016 | No Comments

Daniel Kahneman and his colleague Amos Tversky studied human behaviour when faced with uncertainty and risk, and came up with groundbreaking results; primarily, that human beings are not necessarily the rational agents of economic theory. Daniel Kahneman

Michigan’s Gun Lake Casino to Double its Size with a $76 Million Expansion

Michigan’s Gun Lake Casino to Double its Size with a $76 Million Expansion

Posted by: on Apr 14, 2016 | No Comments

The Gun Lake Casino in Wayland, Michigan has announced a $76 million expansion plan that is expected to nearly double its size. Ed Pigeon, vice chairman of the Gun Lake Tribal Gaming Authority Board said in a news release on January 7, 2016,

MGM Resorts International Delays Opening of New Macau Resort to 2017

MGM Resorts International Delays Opening of New Macau Resort to 2017

Posted by: on Mar 23, 2016 | No Comments

MGM Resorts International has decided to delay the opening of its new resort in the Cotai district of Macau, due to gloomy market conditions. Gross gambling revenues in Macau fell 34% in 2015, to a five-year low of $28.8 billion from a year ago,

What Lies in Store for the Indian Economy?

What Lies in Store for the Indian Economy?

Posted by: on Jan 22, 2016 | No Comments

In an interview with Indian Express, in November 2015, Finance Minister Arun Jaitley said, “The biggest strength of India and the silver lining is its resilience. Our systematic firewalls have to be such that the ability to resist the

Dr. Roy Spencer: The Meteorologist Who is a Free Market Thinker

Dr. Roy Spencer: The Meteorologist Who is a Free Market Thinker

Posted by: on Nov 26, 2015 | No Comments

It is rare to come across a person who is as diverse as Roy Spencer. He describes himself as a climatologist, author and a former NASA scientist. Other than his many contributions academically, he is also attributed with many memorable

Bryan Caplan: The Man Who Made Economics Cool

Bryan Caplan: The Man Who Made Economics Cool

Posted by: on Oct 15, 2015 | No Comments

This young professor of Economics at George Mason University and Senior Scholar at Mercatus Center is not afraid to brandish his ideas in circles outside academia. While he may not be as prolific as many traditional academicians, his

Implications of Legalizing Casinos in Israel

Implications of Legalizing Casinos in Israel

Posted by: on Oct 10, 2015 | No Comments

Yariv Levin, Israel’s Tourism Minister, confirmed on September 23, 2015, while speaking on national radio that there is indeed a proposal, backed by Prime Minister Binyamin Netanyahu, to legalize casinos on mainland Israel at last.

Free Market Advocacy Think Tanks in India

Free Market Advocacy Think Tanks in India

Posted by: on Sep 21, 2015 | No Comments

Free market thinkers could be largely categorized into three distinct types – Anarchists, Minarchists and Minimaxes, representing varying degrees of government control. The Anarchists, as evident from the name, believe in zero intervention

Free Market Thinkers who Won the Sveriges Riksbank Prize in Economic Sciences

Free Market Thinkers who Won the Sveriges Riksbank Prize in Economic Sciences

Posted by: on Sep 7, 2015 | No Comments

In The Making of Modern Economics: The Lives and Ideas of Great Thinkers, Mark Skousen, the esteemed economic analyst, stated that the Swedes mostly rewarded free-market economists. The Swedish Central Bank started the Prize