Mr Panagariya patiently applies the simple truths of liberal economics to a country that still sabotages itself with some dotty regulations.
ECONOMIST: India's economy
Rehashing mistakes for too long sabotages concentration and eats away at self-confidence.
FORBES: The 7 Keys to Successful Failure
And it sabotages Major League Baseball's claim that, because most teams lose money, the sport cannot be a monopoly because it does not earn monopoly profits.
ECONOMIST: A downright unAmerican national pastime
But a car crash sabotages his carefully laid plans.
ECONOMIST: Nostalgia fiction
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