What Is The Kafala System?

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 [...]

Dispelling Myths: Understanding the Ground Reality of Migration

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 [...]

Economy, Power and Politics

( 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, [...]

Five Inequality 101 Lectures

By Annavajhula J C Bose, PhD Department of Economics, SRCC “Inequality, in many ways, may be the biggest question of our times. And yet it is a topic that is still underexplored in conventional economics curricula.”  Most economics students all over the world are concerned about it. In five lectures, as mentioned below, the renowned [...]

British tax on the Indian colony: A system of domestic financial crippling

Heau Mishr, deputy editor The strength of a nation’s economy depends upon the system of taxation which if planned correctly, keeps revenue consistent, stimulates industrial activity and manages growth in our economy. Through efficient measures, the tax system can lead to revenue mobilization in response to growth and result in revenue growth that is slightly [...]

Policymakers are More Lethal than Oppenheimer.

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 [...]

Know Your Economist: Dr. Gary Becker

By Gitika Arora, Editor-In-Chief Dr. Gary Becker was an instrumental economist with groundbreaking and defining contributions to the field. He was born on 2nd December 1930 amidst the dark shadows of the Great Depression. Becker got his PHD from University Of Chicago in 1955 under the renowned Nobel Prize Winner, Milton Friedman. Like Friedman, Becker [...]

TERM OF THE WEEK: DOUGHNUT ECONOMICS

by Deputy Editor, Srishti Menon We’ve all had that delectable craving for doughnuts at some point. Drizzled in chocolate sauce or colourful sprinkles, this beloved goodie is a favourite among most. However, the utility (pun intended) of a doughnut is not just confined to its ability to appease palates, but also change the growth trajectories [...]