Atlantic City Casinos in Peril: Will Governor Christie Come to the Rescue?
With four out of the 12 casinos in Atlantic City shutting down in the last eighteen months, Wall Street gas been speculating about what these changes indicate. Some believe that the market is right sizing, since the demand for
Free Market Advocacy Think Tanks in India
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
Donald Trump: From Casino Magnate to Presidential Candidate
Donald Trump came to be known all over the world for his sardonic humor and his magnetic personality when he starred in the famous television show, The Apprentice. Having first aired in 2004, the show ran for 14 seasons in two formats, The
If Reagan, Thatcher and Modi were to Meet…
There is a lot of speculation about how Narendra Modi is the Indian Ronald Regan, or in some other circles, the Indian Margaret Thatcher. While the comparisons are not unfounded, the three have distinct personalities and distinct
Free Market Thinkers who Won the Sveriges Riksbank Prize in Economic Sciences
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
The New Age King Solomon and his Mines
The closest we can get to a real life King Solomon of the Biblical stories is probably Solomon Kerzner, the South African business magnate. He maybe likened to antiquity’s King of Israel for both his wisdom and his wealth. The ‘Sun King’ of
What the Launch of Tigre De Cristal Portends for Asian Casinos
The much awaited Tigre De Cristal, the largest casino in Russia, will be launched on August 28, 2015, in the Primorsky Integrated Entertainment Zone (IEZ) in Vladivostok, one of the four gambling zones legalized by Russia. The project is
Establishment of Free Markets is Directly Proportionate to Technological Advancements
The advantages of a Free Market are many, and obvious to those who know where to look. While the skeptics continue to fester, there is no dearth of evidence in favour of capitalism. One of the most pertinent findings is that the capitalist
David Ricardo: Following the Footprints of Adam Smith
In many ways, Ricardo’s economic views mirror that of Adam Smith’s teachings. He believed that the market, although in many ways imperfect, was better left “untouched” by restrictions. According to Ricardo, government intervention only prevents the economy
Who is Julian Le Grand?
Sir Julian Ernest Michael Le Grand is a name well known amongst the intellectuals of the United Kingdom. However, he is not just a man who is known among other men of letters. He is just as popularly known among socially aware citizens due to his
Rakesh Wadhwa. Ever since, I was a school boy, I knew India was on the wrong path. Socialism was just not what we needed to get ahead. Government controlled our travel; government controlled our ability to buy and sell; and government controlled our freedom to move our money. My life has focused on the inherent rights people have. When I was in college, I never understood, what the governments meant by their "socialistic attitude". If people are free to buy, sell and move their capital themselves without any restrictions by state, then the welfare of people is inevitable & hence the countries they live in will become wealthy. The government has no right whatsoever, to point a finger at me or my business. I am not a revolutionary. I just want to light up my cigarette and not get nagged about it. I believe in non-interfering attitude to attain more. 
The Bastiat Award is a journalism award, given annually by the International Policy Network, London. Bastiat Prize entries are judged on intellectual content, the persuasiveness of the language used and the type of publication in which they appear. Rakesh Wadhwa won the 3rd prize (a cash award of $1,000 and a candlestick), in 2006.
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