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 [...]
The prestigious Kenneth Boulding Award for Ecological Economics was recently awarded to Prof. Bina Agarwal, professor of Development Economics and Environment, University of Manchester, jointly with Prof. David Burkin, professor at the Metropolitan University in Mexico City. The International Society for Ecological Economics presented the award for ‘their significant contributions to ecological economics, focusing on [...]
By Annavajhula J C Bose, PhD, Department of Economics, SRCC The recent Barbenheimer trend smashing the box office—watching Barbie followed by Oppenheimer or vice versa all over the world--was rather a silly fad. People are not aware that conservative governments and their economists can be more destructive than physicists such as Robert Oppenheimer. The Hindu scripture [...]
By Srishti Menon, Deputy Editor SOURCE A 2021 report by The Pew Research Centre, an American think tank based in Washington, D.C states: “The poor live on $2 or less daily, low income on $2.01 to $10, middle income on $10.01 to $20, upper middle income on $20.01 to $50 and high income on more [...]
By Shreyanka Pal, Editor-in-Chief The last decade has seen the emergence of various news articles claiming certain persons have purchased a plot of land on the moon. As amusing as that sounds, how does the market for extraterrestrial real estate work? Do they have the same implications as buying land on earth, or is the [...]
Article by Dr. Amit Bhaduri Dr. Amit Bhaduri is former Professor Emeritus, JNU. He has written 6 books and written over 60 papers on various topics in the field of Economics which have been published in standard international journals. This article first appeared in the print edition on July 7, 2020 under the title “The [...]
(Review of the book, Economics after the Crisis: An Introduction to Economics from a Pluralist and Global Perspective, by Irene van Staveren. 2015. Routledge. Pp. 439) By Dr. Annavajhula J.C. BoseDepartment of Economics, SRCC Economics students in India, in general, are not aware of this beautiful introductory economics textbook written by a beautiful woman with [...]
By Mita Chaturvedi, Deputy Editor The coronavirus pandemic has paved the way for 2020 to be a year like no other— from a multitude of countries going into complete lockdown to stock market trading halting in many places, the world has seen a number of unprecedented occurrences. However, none of these have been as bizarre [...]
By Sakshi Dhawan and Kritika Chakrabarti Game Theory Microeconomics is the study of the behaviour of individuals and firms, as well as their interactions with one another. In some ways, it is concerned with a maximisation of individual and firms’ payoffs. Certain foundations of microeconomics depend on a fundamental assumption when determining the payoffs between [...]
By Akshar Katariya, Ashoka University The domestic aviation industry, although soaring heights, is bound to suffer a downfall. The reasons for this potential decline lie in the impracticalities of medium and short-haul routes. This decline could further be accelerated by modes which can operate at speed to that equivalent to airlines. Naturally, the expected change [...]
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