By Annavajhula J C Bose, PhD Department of Economics, SRCC The field of Natural Resource Economics seeks to value natural resources to aid in the optimization of the production of goods and services from agricultural lands while protecting the environment. In case you are going to specialise in this field, then you will have to [...]
By Deputy Editor, Ekanshi Makheja With elections around the corner, I believe it is important for people to understand the concept of ‘no free lunch’. It describes the cost of decision making and consumption; it implies someone somewhere has to pay the cost of goods and services being consumed. A free lunch refers to a [...]
Challenges and Opportunities By Urvika Mehra, Junior Editor We are at a juncture today where for the first time in modern history, the world’s population is expected to stop growing by the end of this century. Contrary to predictions made by some observers just five decades ago, the world has not faced a doomsday overpopulation [...]
By Jasveen Kaur, Junior Editor Migration has been an integral part of human history, dating back to nearly two million years ago when the first human ancestor ventured out of Africa in pursuit of new opportunities and lands. Presently, there is a greater number of individuals living in countries other than their country of birth [...]
By Ekanshi Makheja, Deputy Editor Introduction to Behavioural Economics People think Behavioural Economics is a relatively new field of economics, yet the first-ever behavioural economist happened to be Adam Smith! The core assumption of neoclassical economics is that agents choose by optimising their decisions based on predefined constraints, but it wasn't always that way, Economics [...]
By Ananya J., Junior Editor Did you recently find yourself watching a Bollywood “blockbuster” and were sent into a spiral of calculating the misfortune you have been struck with? Did you feel disheartened by the ubiquity of these monotonous dull movies, falsely marketed by the filmmakers as the next big blockbuster, prompting you to question [...]
( By Rama Vivek Gulavani, Junior Editor ) The year was 1919, when the Palace of Versailles stood on the outskirts of Paris, waiting to create global history. The marble walls of the hall of mirrors had the presence of 27 delegations representing 32 powers. The four representatives of the principal allied powers—France, the USA, [...]
By Annavajhula J C Bose, PhD Department of Economics, SRCC I summarise here, with a bit of my own tweaking, the social-anthropological argumentation of Molly Scott Cato (pictured), Professor of Green Economics at the University of Roehampton, London. Like in Rishab Shetty’s Kantara movie, the shaman is an intermediary between human communities and their ecosystem. [...]
By Annavajhula J C Bose, PhD Department of Economics, SRCC Note that: Well said. Drucilla K. Barker—Drue to her near and dear—was one such remarkable, sensitive and sensible woman in the US. She was also endearing to eminent multidisciplinary writers such as my earlier student, Kaul (2008) who is now the Director of the Centre [...]
By N Chandra Mohan,PhD Freelance Economic Journalist Although India is the world’s fastest growing large economy, it faces a serious challenge of dealing with joblessness especially among the youth. Nothing illustrated this better than a cartoon in the Times of India pointing to good news on the jobs front as after UP and Haryana, five [...]
By Annavajhula J C Bose, PhD Department of Economics, SRCC Aruna Roy, Medha Patkar and Ela Bhatt (pictured below) are among the most famous female social movement workers in India. Aruna Roy was the founder of Mazdoor Kisan Shakti Sangathan, and Medha Patkar, of Narmada Bachao Andolan. Ela Bhatt was the founder of the Self [...]
By Urvika Mehra, Junior Editor Cryonics. If you’re familiar with this term from science fiction, you probably think it involves freezing rich, delusional, Elon Musk wannabes who refuse to accept the idea of death. You might be surprised to know that almost every part of that sentence is grossly inaccurate. This article explores why that [...]
By Rama Vivek Gulavani, Junior Editor Source Virat Kohli, the former captain of the Indian cricket team, once said, “The bat is not a toy; it is a weapon”. While the sportsman was referring to his game, India has proved his statement true in various fields. Born in southeast England, the first documented proof of [...]
By Ananya J., Junior Editor A research paper titled “From Cradles to Canes: the Cost of being a Female Consumer”, noted that throughout the course of their lives, women pay a “gender tax”, wherein they incur a hefty amount to purchase similar products as men. To give you an idea of this hefty amount, the [...]
By Jasveen Kaur, Junior Editor In a binary world, where artificial intelligence is blending with artificial insemination, this article delves into the intricacies of Reproductive Technologies, unveiling concealed facts and delivering the true picture of the so called, ‘Modern Society’. The development of reproductive technologies is a long and intriguing one. Some of the earliest [...]
By Annavajhula J C Bose, PhD Department of Economics, SRCC Online Platform Economy refers to economic activities orchestrated by a system of internet connected processes (digital platforms). It refers to “economic and social activity facilitated by platforms. Such platforms are typically online sales or technology frameworks. By far the most common type are "transaction platforms", [...]
By: Shreya Srikoti, Deputy Editor, Arthashastra and Kuhuo Bajaj, Writer, AUES This article is first in a series of collaborative articles on the theme of G20 by Arthashastra, Miranda House and AUES, Ashoka University. Introduction Gender equality has been a key focus of international discourse and policy-making for several decades. In the realm of global [...]
By Annavajhula J C Bose, PhD Department of Economics, SRCC Dr. Carolina Alves, as shown above and hailing from America Latina, is an incredibly bold and resourceful woman. For, she says: we need a diversity of ideas in economics. And we need a diversity of people too in economics. We also need economics that is [...]
By Annavajhula J C Bose, PhD Department of Economics, SRCC Assume that tomorrow you are the HR Manager of the new Suzuki car factory at Kharkhoda in Sonipat, Haryana or at Becharaji in Mehsana, Gujarat. You are selected because you have got the IIM Lucknow edge in People Leadership & Strategic HR Management. However, it [...]
A Utopian concept of receiving payment without working By Deputy Editor, Ekanshi Makheja UBI is a government scheme in which every person receives a regular fixed income. It is a scheme that does not require means-testing in the first place, i.e. it is typically intended to reach all with no conditions. It takes different forms [...]
By Annavajhula J C Bose, PhD Department of Economics, SRCC Ha-Joon Chang, now with SOAS and earlier with Cambridge University Economics Department, is a very unassuming and friendly guy. I have had a memorable interaction with him. And like Robert Skidelsky, he is a great economics educator for the laypeople, the masses. A sharp, witty [...]
A REVIEW OF THE MONETARY POLICY OF COLONIAL INDIA By Deputy Editor Ekanshi Makheja It would be baseless to start a discussion about monetary policy without talking about the protagonist of our story viz MONEY. We must first wrap our heads around how the Indian rupee came into being. Behind the smiling face of Mahatma [...]
By Aashi Solanki, Deputy Editor As India has already touched its diamond jubilee, the 76th year of independence appears as an opportune moment to reflect on the nation’s dynamic trade relations with its international counterparts. From being a predominantly agrarian country at the time of independence, India has undergone significant changes in its trade topography [...]
by Ekanshi Makheja Deputy Editor Calyampudi Radhakrishna Rao, born in September 1920 commonly known as CR Rao has been recently awarded the 2023 international prize in statistics which is statistics equivalent of the Nobel Prize. Prof Rao is now 102 years old and is a living legend. His work is of great importance, in the [...]
By Annavajhula J C Bose, PhDDepartment of Economics, SRCC You are an awesome student.One day I see you in the library, reading about a weird red-green econ mix in terms of Marxists having a fruitful dialogue with ecological economists (Burkett, 2006); and pink econ as the economics of LGBTQ people--lesbian, gay, bisexual, trans, intersex, queer [...]
By Annavajhula J C Bose, PhD Department of Economics, SRCC Religious and spiritual “Babas” are galore in India and elsewhere and they say to you that your happiness is mucked up because you are afflicted with the seven deadly sins as pictured above. For example, Baba Rampuri Naga (William A. Gans) can eloquently talk to [...]
By Junior Editor, Gitika Arora According to the Global Slavery Index, there are an estimated 40.3 million people who are victims of modern slavery worldwide. Shocking, right? This can take many forms, including forced labor, forced marriage, and human trafficking. Unfortunately, this is a growing global problem that affects people of all ages, genders, and [...]
By Junior Editor Ekanshi Makheja To understand green bonds we first need to be clear about how bonds usually work. Generally, bonds are issued by a firm or government to public and institutional investors who are given money along with interest on the completion of a project. Money from bonds is raised for investing in [...]
By Junior Editor Ekanshi Makheja Boycotts have been a form of protest for centuries, but in the age of consumerism, they have taken on a new dimension. Consumer boycotts typically involve consumers choosing to stop buying a particular product or service in response to some perceived injustice or wrongdoing by the company that produces it. [...]
By Gitika Arora, Junior Editor Downton fans will remember that it took Carson - The Butler, an anxiety attack to finally stomach the fact that women were going to serve in the great hall. While today, when you think of servers the picture of a “sassy” waitress pops up popularised by the likes of Penny [...]
Understanding the profound psychological impact of layoffs in India is essential for developing comprehensive strategies and support systems to address this crisis. The psychological toll of layoffs is profound.
By Deputy Editor, M. Tharuni Source Farmers’ protest for minimum support price, yet another major strike after the earlier protests on farm laws, surfaced a couple of weeks ago, wreaking havoc on various fronts. The protests ramped up pressure on the government to ensure stability and income security for farmers. Claims assert that this has [...]
However, whenever there is uncertainty, risk is inherent, making it an integral part of life. Be it an individual sailing a ship across the Atlantic or an individual ordering a fleet of missiles to be launched. It's just that the stakes are pretty high in the latter. (figuratively and literally). Why is there no Nato in Asia? Why do people in positions of power take risks and can they be predicted? This article delves into risk-taking behaviour in Foreign Policy and the Economic reasoning behind it.
By Deputy Editor, Surabhi Chhikara What do the 2022 FIFA World Cup, 1970 oil boom and the recent release of the film Aadujeevitham (Goat Life) have in common? They all relate to the Gulf countries and more precisely to the kafala system- a legal framework that has brought both wealth and tears to migrant labourers [...]
By Annavajhula J C Bose, PhD Department of Economics, SRCC The dominant paradigm in economics—mainstream economics—is criticised as loveless. It is economics without feelings. Absolutely correct. For the “main story economists tell of how their society works is cold. ‘Economic Man’ is a heartless, smart calculator; caring only about his own material gain and not [...]
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