By Keshav Bedi. Founder of Pureeconomics and Jamia Econ Graduate. Before reading this article, one is advised to carefully read the preceding article on the blog titled "Is the Invisible Hand Trembling?" by Mita Chaturvedi. The purpose of what follows is to explode the fallacies stated therein and also to clear some common confusions which [...]
By Naina Khurana, Chief Editor. As articulated by the Prime Minister, Shri Narendra Modi, India aims to grow into a USD 5 trillion economy by 2024-25, thus making India the third-largest economy in the world. Given 4% inflation, as MPC specified by the Government for the RBI , this requires real annual growth rate in [...]
Guest article by Divyanshika Pandey, Miranda House. "All species become either spacefaring or extinct” These words by Carl Sagan seem to be coming of age. Firms like Virgin Galactic and SpaceX are flooding money and efforts to inch us closer to commercial space travel, and we are certainly not extinct yet! With all the buzz [...]
Guest article by Sayyam Luhadiya, Shaheed Bhagat Singh College. Clash of clans owned by Supercell (now Tencent) generated a $2.3 Billion revenue in 2015. Nintendo yielded $268 Million from Pokemon Go within a month of its launch. Candy Crush Saga made a revenue of $250 Million for the quarter ending September 2017.And here we are, [...]
Can an economy with resources and means stay collapsed for long? What can be reasons behind it? More importantly, what are its implications? Can the new ways and policies get the economy on its feet? Let us find out.
Who doesn't want to reach a state of balance and equality?
Who doesn't want to satisfy all his wants?
Who doesn't want to gain maximum profits?
Such a state, Equilibrium, to reach it, who doesn't want?
Here's a poem about Equilibrium.
C. K. Pushyami, Junior Editor A disclaimer before I begin; I’m not an expert in biology, and in my analyses of the finer economics and mathematics underlying the process of evolution, I will not pretend to be one. Equilibrium, generally, is understood as a state of rest. In Microeconomics, any deviation from the equilibrium price [...]