The Logic of Economic Calamities
This looks like the killing-the-king ritual. Leftists, socialists and other such assorted groups who have never believed in the power of markets to decide the fate of humans, have declared it open season on free market beliefs. John Cassidy, who writes on finance for the New Yorker, has written a book to explain why the free market belief now lies in ruins.
(This story appears in the 04 December, 2009 issue of Forbes India. To visit our Archives, click here.)