Richard Thaler was involved in several of the experimental studies that pointed to the pervasive presence of behavioural biases, which eventually forced the discipline to change how it models economic agents.
Given the differences in the costs of living and the level of abject poverty in developing countries, a UBI scheme could have a considerable impact in achieving inclusive economic growth.
The types of reactions to any form of protest reduce a question of justice, which is objective and can potentially be settled, to one of bias and partisanship, which is always subjective and can never be settled.
Confusion over what ‘free speech’ means stems from equating the two different senses in which it is used: free as in unconstrained, and free in the sense of not having a price or cost.
The fight over free speech is about the institutional protection of individuals’ basic rights from mob rule and putting a check on the state’s coercive power.
People suffered but voting may have been driven less by anger over the damage to immediate economic interests than by their belief that a ‘decisive’ Modi would make them better off in the long run.