Is India Beginning to Recognise the Power of the Invisible Hand?
The Indian Economic Survey was released in January as a prelude to the Union Budget for 2020. In the report, Chief Economic Advisor (CEA) Krishnamurthy Subramanian has suggested several solutions to boost the Indian economy. This comes in highly challenging
Sweden and the Art of Resurrection of Successful Free Trade
Throughout Europe is debt, disarray and gloom like nowhere else. However, one country has suddenly shown the entire continent, how it is done away with. Until recently, Sweden suffocated under its Keynesian principles, ‘socialist’ outlook, and social-welfare shaped policies choked growth. It has now changed its policy of constant and exorbitant government tax and spending increases.
Free Trade and Milton Friedman: True Always
Following from the golden legacy of Adam Smith, who opined that free trade could exist to solve most of the economic crises of the world, it probably is Milton Friedman who ever did recognize the urgency that the system had to be embraced with. The Nobel laureate born in New York, gifted markets and economies,
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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