I S Gulati Amaresh Bagchi A tax system which taxes net profit provides a strong inducement to incur expenditures which are really not needed for business. Yet the consumption-inducing effect of...
Limits of Partial Controls
Deena Khatkhate Nowhere is the failure of price controls more evident than in respect of control of house rents in urban areas. Yet removal of all rent controls has not been able to solve urban...
Economy Sunanda Sen The failure of the governments recent drive to curb smuggling is illustrative of the self-defeating nature of controls in a partially planned economy. This paper argues that...
