Encountering the unresolved questions…
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: https://www.isid.ac.in/~asen/index.html.This post has [...]
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 [...]
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 [...]
Mr.Raghuram Rajan had recently criticized make in India as being a model that is too dependent on external demand and volatility. India's economy would then be much more vulnerable to financial crisis such as the one in 2008. While the space for the world's exporter is increasingly being left vacant by China, perhaps a more [...]
Dan Ariely proves the irrationality of the rationality that the human race prides in with some of his shocking and counterintuitive research. Be prepared to be amazed! http://youtu.be/9X68dm92HVI
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 [...]
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 [...]
Watch John Perkins spill out the secrets to how economies are twisted by the arm to suit the convenience of the corporates. Country after country becomes nothing but a puppet; from bribery to assassinations, every trick in the book is used. 27 minutes that will change your perception of the world https://www.youtube.com/watch?v=XWuAct1BxHU
Oil prices are largely unpredictable. They'll flickr a little and the world will sit and take notice of it (because , well, no one saw it coming!).Thus,the recent continuous fall in oil prices has riveted the world. The reason for fall in prices is that the supply is more than the demand. Shale gas revolution, [...]
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 [...]
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