{"id":1028011,"date":"2026-08-11T09:27:51","date_gmt":"2026-08-11T03:57:51","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1028011"},"modified":"2026-08-11T10:22:05","modified_gmt":"2026-08-11T04:52:05","slug":"india-risks-becoming-a-seller-of-lemons","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/08\/11\/india-risks-becoming-a-seller-of-lemons\/","title":{"rendered":"India risks becoming a seller of lemons"},"content":{"rendered":"<p>Akerlof won a Nobel for showing why markets collapse when buyers cannot judge quality. Software is becoming one \u2014 and India is on the wrong side of it <\/p>\n<p>I keep returning to an old paper about used cars. <\/p>\n<p>George Akerlof wrote it in 1970 and had it turned down by three journals before it found a home. The argument annoyed people because it was so plain. You are buying a second-hand car. The seller knows whether it is sound. You don\u2019t, and finding out is expensive,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Akerlof won a Nobel for showing why markets collapse when buyers cannot judge quality. Software is becoming one \u2014 and India is on the wrong side of it I keep returning to an old paper about used cars. George Akerlof wrote it in 1970 and had it turned down by three journals before it found a home. The argument annoyed people because it was so plain. You are buying a second-hand car. The seller knows whether it is sound. You don\u2019t, and finding out is expensive,<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[79,4,18],"tags":[],"class_list":["post-1028011","post","type-post","status-publish","format-standard","hentry","category-it-2-the-pioneer","category-newspapers","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1028011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1028011"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1028011\/revisions"}],"predecessor-version":[{"id":1028020,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1028011\/revisions\/1028020"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1028011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1028011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1028011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}