Of Kidney Sales and Economics

I wrote a piece for Mint based on the developments in Gurgaon. In this I discuss how the kidney racket unfolded in India and the way the racketeers took advantage of loopholes in the law to trade in what is otherwise a banned activity.

However, I took the discussion further and added an economics perspective to it. Just a few days before the incident took place, I posted about a fantastic thought provoking paper from Alvin Roth where he discusses how there is repugnance with respect to selling kidneys and how that effects making a much needed market for the same. And then this incident happened.

There is a lot if discussion in media since Roth wrote this paper- NY, WSJ, Freokonomics Blog etc.

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