India is just trying to reclaim its former position of global economic primacy

From an essay by historian William Dalrymple in Time Asia (thanks to Matthew Rees for the tip): At their heights during the 17th century, the subcontinent’s fabled Mughal emperors were rivaled only by their Ming counterparts in China. For their contemporaries in distant Europe, they were potent symbols of power and wealth. In Milton’s Paradise [...]

And another thing: shaky markets

I also wrote the opening mini-essay in this week’s magazine (we here at Time call it “The Moment”). It’s online here, but it’s so short that I might as well just post the whole thing: It was the stock market’s worst month in three years. But the events of the last few days of July [...]

New column: China syndrome

I have a column in the new Time, with a New Orleans floodwall on the cover, and online here. It begins: The Chinese executives were in New York City for a week of business-school classes. Even before economist Glenn Hubbard–dean of Columbia Business School and former chief of President Bush’s Council of Economic Advisers–finished teaching [...]