Finally
India is catching up with the USSR (which does not actually exist anymore) of nearly 50 years ago. The Soviet lunar space mission got off the ground with Luna 1 in Jan 1959. Two days ago India gave a fitting reply to it by launching Chandrayaan-I on its way to the moon. Aside from crash-landing on the moon a probe with the Indian flag in it, Chandrayaan-I will map the surface of the moon for two years. It brings to mind the US Lunar Orbiter Program of 1966-7 which photographed …

Capturing Externalities
It’s an economics truism that generally people respond to incentives. If you truly and deeply understand that, you know a fundamental truth about the world.