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, 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 [...]
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 [...]
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 [...]
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, [...]
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