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A billion shades of grey. An ageing economy will be a slower and more unequal one—unless policy starts changing now. Warren Buffett, who on May 3rd hosts the folksy extravaganza that is Berkshir...

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Second, a destabilising cycle of stagflation must be broken. High public borrowing has fuelled inflation, which stands at 9%. To protect their savings, households have bought gold from abroad, blowing...

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A new government will be formed in the coming days. Exit polls point to the Bharatiya Janata Party swooping back to power after a decade in opposition. Narendra Modi, its leader, is set to be prime mi...

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Godrej is pushing even deeper into the hinterland, trying to reach villages with as few as 5,000 people. It is also designing washing machines with manual motors and tiny fridges for homes with unreli...

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Business. Consumer goods in India. Seducing shoppers in Sticks Ville. India's small towns are the next frontier. GROWTH in India is slowing. The economy expanded at an annualised rate of 5.3% be...

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Ariel Sharon. He may be missed. Israel needed - and still needs - a man like Ariel Sharon to bludgeon a path to peace. How strange that a man widely reviled for most of his adult life as a warmon...

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Mr Becker puzzled over why crime was economically costly. Part of the answer, he realised, was that it represents rent-seeking: fighting over the spoils of productive activity rather than creation of ...

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Finance and economics. Free exchange. The great trailblazer. Economists everywhere should mourn the passing of Gary Becker. If There is one person to blame for economists' habit of opining on e...