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The economics of trust

While policy makers are sensitive to slowing growth, growing inflation and widening deficits, few account for the impact of the fall in social trust

Nitin Pai

A new day, a new scam. We are inundated with media reports of scams involving premier league cricketers to generic drug makers, ketchup colonels to air chief marshals, godmen, lawyers, judges, attorneys general, and, why, the prime minister himself. Then there are scandals we know of but which are perhaps too common to make it to national television: writers engaging in cut-and-paste, teachers selling question papers, cars parked in no-parking zones, motorcycles jumping the red signal and even places of worship encroaching on secular state land. "So, generally speaking, would you ...