In Conversation with Dr. Arunava Sen: Fair and Lovely, Bankruptcy, and the World of Ideas

Professor Arunava Sen is a game theorist and specializes in Social Choice Theory, Mechanism Design, Voting and Auctions- the fascinating strategic side of the subject. Loved by his students, Prof. Sen has been teaching at ISI Delhi for more than 30 years. We encourage you to have a look at professor’s research here: post has [...]

The Euro Zone Crisis Explained : An overview of talk by Prof. Indradeep Ghosh

Miranda House was a centre stage of thoughtful deliberation and enthusiasm as Dr. Indradeep Ghosh, Professor at Meghnad Desai Academy of Economics, gave students an insight into ‘Why the Euro is in Crisis?’. Dr Ghosh began by saying that the Euro zone crisis has a broader impact than just countries of Europe, given the globalised [...]

Vishleshan : A summary of lecture by Dr. Reetika Khera

Looking at the chirpy professor who’d just walked in few could guess the years she has spent battling for the rights of those under-privileged; the tools of economics by her side have only made her case stronger and the data-backed observations have made her conclusions credible. Dr. Khera, a renowned development economist and Associate Professor [...]

AVAILABILITY HEURISTIC : How It Affects Our Decisions

Availability Heuristic refers to how easily something that you've seen or heard can be accessed in your memory. People tend to think of things they remember, as more important, than things they don't remember as easily. It is a mental shortcut that relies on immediate examples that come to a given person's mind when evaluating [...]

The hidden force in global economics: sending money home (remittances)

In 2013, international migrants sent $413 billion home to families and friends —more than 3 times the total  global foreign aid (about $135 billion). This money, known as remittances, makes a significant difference in the lives of those receiving it and plays a major role in the economies of many countries. Economist Dilip Ratha, the [...]

Capitalism or an alternative system: Is the end of the debate in sight?

Most textbooks define Capitalism as an economic system in which trade, industry and the means of production are largely or entirely privately owned and operated for profit; the emphasis is traditionally placed on the profit motive and private property. However, most self-proclaimed capitalists would disagree. ‘Capitalism’ is believed to be a misnomer for the original [...]