The Internet. Who isn't aware of this term in today's day and age? Many even call modern day technology- especially the internet- the 'eighth wonder of the world.' This laud that the internet, quite rightfully, receives makes one wonder- Who was behind all of this? Common misconception Silicon Valley invented the internet- most of you [...]
Article by Haritha K, Deputy Editor In 1973, Stanley Adams, an executive at the Swiss pharmaceutical firm Hoffman-LaRoche discovered incriminating documents about the company being a part of a price-fixing scam in the international market for vitamins. Adams decided to approach the European Economic Commission with a confidential memo outlining how Roche manipulated the bulk [...]
History matters. Where you have been in the past determines where you are now and where you can go in future. Indeed, even small, apparently trivial, differences in the path you have taken can have huge consequences for where you are and can go. In Economics, path dependence refers to the way in which apparently [...]
On the course of taking making higher study and career choice, a lot of us decide to take the journey of applying abroad. As we enter the third year, even if we have a clear picture of the course we want to pursue and the college we aim at joining, one spends a major chunk [...]
Furthermore, why are these people so quick to jump on polls when they are so often wrong? Polls seem to be a rather useless tool – they are there for the benefit of political parties grabbing power, in that they can substitute having principles for whatever is the seemingly popular mood – and the popular mood can be wrong.
By Keshav Bedi. Founder of Pureeconomics and Jamia Econ Graduate. Before reading this article, one is advised to carefully read the preceding article on the blog titled "Is the Invisible Hand Trembling?" by Mita Chaturvedi. The purpose of what follows is to explode the fallacies stated therein and also to clear some common confusions which [...]
By Naina Khurana, Chief Editor. As articulated by the Prime Minister, Shri Narendra Modi, India aims to grow into a USD 5 trillion economy by 2024-25, thus making India the third-largest economy in the world. Given 4% inflation, as MPC specified by the Government for the RBI , this requires real annual growth rate in [...]