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 [...]
Category: Environmental Economics
Know Your Economists: Bina Agarwal
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 [...]
Counting the cost of freedom
By Junior Editor, Gitika Arora According to the Global Slavery Index, there are an estimated 40.3 million people who are victims of modern slavery worldwide. Shocking, right? This can take many forms, including forced labor, forced marriage, and human trafficking. Unfortunately, this is a growing global problem that affects people of all ages, genders, and [...]
Term Of The Week: Green Bonds
By Junior Editor Ekanshi Makheja To understand green bonds we first need to be clear about how bonds usually work. Generally, bonds are issued by a firm or government to public and institutional investors who are given money along with interest on the completion of a project. Money from bonds is raised for investing in [...]
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 [...]
Finance and Nature
By Annavajhula J.C. Bose, PhDDepartment of Economics, SRCC The Marxists are very clear about capitalism as inherently abusive of nature: “…the impacts of climate change are becoming a daily reality for ordinary people around the globe, in the form of a seemingly unending round of extreme weather events that range from record snow to total [...]
Is Happiness the same price as red bottoms?
An Analysis of Consumerism Gitika Arora, Junior Editor “Cristal, Maybach, Diamonds on your timepiece” go the lyrics of “Royals” by Lorde, an anti-materialistic anthem that sought to call out the hyper-consumerism propagated by the music Industry. But the irony is the single—a product created and sold by major labels propelled the singer to stardom and [...]
Climate change: Another agricultural hitch
By Devika M, Editor-in-Chief The adverse effects of climate change are felt all around the globe. Rising human-induced greenhouse gases are impacting many things like sea water levels, desert expansion, precipitation, and so on. Among these things, one such impact is on agriculture. The ongoing farmers’ protest has brought the issues of farmers and more [...]
Term of the Week: Jevons Paradox
By Shreyanka Pal, Deputy Editor Increasing energy efficiency is driving up the global energy consumption and carbon dioxide emissions – sounds pretty counterintuitive doesn’t it? Most people would believe that technological advances that enable us to increase efficiency would nudge us to consume less in order to maintain the same lifestyle. While this efficiency-for-conservation logic [...]