By Ashmita Chowdhury, Editor-in-Chief The Space Economy, as the name aptly suggests, is the commercial use of space. As elaborated by OECD, it consists of the full range of activities and the use of resources that create value and benefits to human beings in the course of exploring, researching, understanding, managing, and utilising space. And [...]
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 [...]
Ekanshi Makheja, Junior Editor We’ve all noticed how the size of the Rs 10 dairy milk chocolate has decreased overtime. Similarly the per unit price of toothpaste has increased and the amount of chips in a chips packet goes on declining. We can also relate this with a very common example of our household budget, [...]
By Vedika Sakhardande, Deputy Editor Path dependence is the theory that history affects the present. History imbibes frameworks with certain structural properties which in turn drives its further progress. An example of this is Agglomeration where new firms locate in the vicinity of similar established firms not because of systematic advantages but due to set [...]
By Ashmita Chowdhury, Editor-in-Chief In a post-Bretton Woods financial system, the American economist, James Tobin, had popularised the idea of levying tax on currency transactions. In the 1970s, this materialised as the Tobin Tax, a tax levy on short-term currency transactions for curbing speculation and volatility. Whole economic systems can fall prey to the effects [...]
By Srishti Menon, Deputy Editor Introduction The Black Swan Theory describes the occurrence of a seemingly rare, unforeseeable event that has a crucial impact on the world at large. Such incidents, known as Black Swan events, have three discerning characteristics: The event is unexpected by the observer.The event affects society significantly.The event seems possible in [...]
By Devika M, Editor in Chief The term is broadly used when economic policies benefit the country that is implementing them while harming its neighbours or its trading partners. The term has wide applications in international trade and was believed to be originally devised by Adam Smith to critique mercantilism which was dominant in Europe [...]
By Riya Kalia, Deputy Editor The Capability Approach is amongst Nobel Prize Winning Economist Amartya Sen’s many major contributions to the theory of social justice, and of gender justice. According to the Stanford Encyclopedia of Philosophy, “The capability approach is a theoretical framework that entails two normative claims: first, the claim that the freedom to [...]
By Medha Arora, Deputy Editor What do some of our most commonly used tools and sites like Grammarly, Paytm, Lenskart, Zomato and Snapchat have in common? Named after the mythical and divine creature, they’re all ‘Unicorn start-ups.’ In business, especially the venture capital industry, the term ‘unicorn’ refers to any start-up or privately-owned company that [...]
By Bharati J Krishnan, Deputy Editor “Glass ceilings” refer to the invisible social barriers that prevent minorities, especially women, from occupying positions of power within firms. The term was first coined by Marilyn Loden, a seasoned management consultant, for a speech at the 1978 Women's Exposition in New York. She was done hearing her fellow [...]
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