"I realise that some of my criticisms may be mistaken; but to refuse to criticize judgements for fear of being mistaken is to abandon criticism altogether... If any of my criticisms are found to be correct, the cause is served; and if any are found to be incorrect the very process of finding out my mistakes must lead to the discovery of the right reasons, or better reasons than I have been able to give, and the cause is served just as well."

-Mr. HM Seervai, Preface to the 1st ed., Constitutional Law of India.

Monday, October 20, 2008

A Note to Financial Market Regulators

This EPW commentary is a note to the financial market regulators and those who seeks more transparency in market regulation. Transparency, for the authors (John Eatwell, Robert Reoch), is not a solution.

No comments: