Our theme for this year is ‘Behavioural Economics’. Behavioural Economics is steadily being integrated into mainstream theory. Since its venture into the intellectual sphere, behavioural economics has gained immense popularity and credibility amongst academics and professionals. Many universities have introduced bachelors and masters courses on the subject and several governments have set up departments specially dedicated to behavioural policy measures. This wave of recognition has opened up several avenues in the field of behavioural economics and has led to a considerable upsurge in the scope of research in the field. The ever-growing literature in the field of behavioural economics called to our curiosities and prompted us to delve into this subject, with more resources available to us and more perspectives challenging ours than ever before. In this edition, our editors have tackled the thought-provoking subjects of incentives for criminal behaviour and biases in decision-making for self versus for others. Our research endeavours have been a learning curve for us, adding great nuance to our views on these subjects. We hope it does the same for our readers.
This edition also features interviews with two distinguished economists: Prof. Prabhat Patnaik and Prof. Bhaskar Dutta. We were fortunate enough to speak to them about their area of expertise and contemporary issues which proved to be a highly enlightening experience that we are glad to be able to share with our readers. This year we also received several guest submissions from renowned colleges all over the country. They include everything from research papers on multidisciplinary topics to book reviews on the latest economic literature.
We hope that this edition of Aapoorti serves your intellectual interests and is as enriching for you to read as it was for us to compile.
Arthashastra 