Free lunches is good economics
THE WEEK India|January 15, 2023
There ain't no such thing as a free lunch,” say economists. No one offers anything free for an entry pass into heaven, they say. There are hidden costs behind any good or service offered free.
R. PRASANNAN
Free lunches is good economics

The saying originated in 19th century America (where else do you get a double negative?) where saloons offered free lunches to tipplers. They made the food so salty that customers ended up buying more and more beer. Yet, folks fall for things free— from toothpastes that offer a quarter of the tube free to motor cars that offer five or six services free, or shirts that are offered one free with one paid for.

Wine shops licensed by Delhi’s Aam Aadmi government a few months ago offered one bottle free with one that you bought. Too good to last. Within months, the Central government, killjoys, cancelled the licences, got the shops shut, and slapped cases against a minister. Instead, they opened sarkari wine shops that look like greasy garages, and sell some concoctions that taste like Socrates’s last drink.

Denne historien er fra January 15, 2023-utgaven av THE WEEK India.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra January 15, 2023-utgaven av THE WEEK India.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA THE WEEK INDIASe alt
What Will It Take To Clean Up Delhi Air?
THE WEEK India

What Will It Take To Clean Up Delhi Air?

IT IS ASKED, year after year, why Delhi’s air remains unbreathable despite several interventions to reduce pollution.

time-read
5 mins  |
December 08, 2024
Trump and the crisis of liberalism
THE WEEK India

Trump and the crisis of liberalism

Although Donald Trump's election to a non-consecutive second term to the US presidency is not unprecedented—Grover Cleveland had done it in 1893—it is nevertheless a watershed moment.

time-read
2 mins  |
December 08, 2024
Men eye the woman's purse
THE WEEK India

Men eye the woman's purse

A couple of months ago, I chanced upon a young 20-something man at my gym walking out with a women’s sling bag.

time-read
2 mins  |
December 08, 2024
When trees hold hands
THE WEEK India

When trees hold hands

A filmmaker explores the human-nature connect through the living root bridges

time-read
3 mins  |
December 08, 2024
Ms Gee & Gen Z
THE WEEK India

Ms Gee & Gen Z

The vibrant Anuja Chauhan and her daughter Nayantara on the generational gap in romance writing

time-read
5 mins  |
December 08, 2024
Vikram Seth-a suitable man
THE WEEK India

Vikram Seth-a suitable man

Our golden boy of literature was the star attraction at the recent Shillong Literary Festival in mysterious Meghalaya.

time-read
2 mins  |
December 08, 2024
Superman bites the dust
THE WEEK India

Superman bites the dust

When my granddaughter Kim was about three, I often took her to play in a nearby park.

time-read
3 mins  |
December 08, 2024
OLD MAN AND THE SEA
THE WEEK India

OLD MAN AND THE SEA

Meet G. Govinda Menon, the 102-year-old engineer who had a key role in surveying the Vizhinjam coast in the 1940s, assessing its potential for an international port

time-read
4 mins  |
December 08, 2024
Managing volatility: smarter equity choices in uncertain markets
THE WEEK India

Managing volatility: smarter equity choices in uncertain markets

THE INDIAN STOCK MARKET has delivered a strong 11 per cent CAGR over the past decade, with positive returns for eight straight years.

time-read
3 mins  |
December 08, 2024
Investing in actively managed low-volatility portfolios keeps risks at bay
THE WEEK India

Investing in actively managed low-volatility portfolios keeps risks at bay

AFTER A ROARING bull market over the past year, equity markets in the recent months have gone into a correction mode as FIIs go on a selling spree. Volatility has risen and investment returns are hurt.

time-read
2 mins  |
December 08, 2024