Unemployment: Delving Deep Into the Dynamics of Layoff

Understanding the profound psychological impact of layoffs in India is essential for developing comprehensive strategies and support systems to address this crisis. The psychological toll of layoffs is profound.

ECONOMICS OF FARMER PROTESTS; A FINANCIAL DISASTER?

By Deputy Editor, M. Tharuni Source Farmers’ protest for minimum support price, yet another major strike after the earlier protests on farm laws, surfaced a couple of weeks ago, wreaking havoc on various fronts. The protests ramped up pressure on the government to ensure stability and income security for farmers. Claims assert that this has [...]

TOTW: The Fallacy Of Free Lunch

By Deputy Editor, Ekanshi Makheja  With elections around the corner, I believe it is important for people to understand the concept of ‘no free lunch’. It describes the cost of decision making and consumption; it implies someone somewhere has to pay the cost of goods and services being consumed. A free lunch refers to a [...]

Unpacking Prospective Foreign Policy (Understanding risk-taking behaviour through Prospect TheoryUnpacking Prospective Foreign Policy)

However, whenever there is uncertainty, risk is inherent, making it an integral part of life. Be it an individual sailing a ship across the Atlantic or an individual ordering a fleet of missiles to be launched. It's just that the stakes are pretty high in the latter. (figuratively and literally). Why is there no Nato in Asia? Why do people in positions of power take risks and can they be predicted? This article delves into risk-taking behaviour in Foreign Policy and the Economic reasoning behind it.

Dispelling Myths: Understanding the Ground Reality of Migration

By Jasveen Kaur, Junior Editor Migration has been an integral part of human history, dating back to nearly two million years ago when the first human ancestor ventured out of Africa in pursuit of new opportunities and lands. Presently, there is a greater number of individuals living in countries other than their country of birth [...]

Economy, Power and Politics

( By Rama Vivek Gulavani, Junior Editor ) The year was 1919, when the Palace of Versailles stood on the outskirts of Paris, waiting to create global history. The marble walls of the hall of mirrors had the presence of 27 delegations representing 32 powers. The four representatives of the principal allied powers—France, the USA, [...]

Heather Boushey

By Annavajhula J C Bose, PhD Department of Economics, SRCC There is economic constriction by inequality when inequality obstructs, subverts and distorts.  This reality is revealed by the American case study as presented by Dr. Heather Boushey (see her photo above) in her 2019 masterpiece. Formerly the President and CEO of the Washington Centre for [...]

High Tide of Youth Unemployment

 By N Chandra Mohan,PhD Freelance Economic Journalist  Although India is the world’s fastest growing large economy, it faces a serious challenge of dealing with joblessness especially among the youth. Nothing illustrated this better than a cartoon in the Times of India pointing to good news on the jobs front as after UP and Haryana, five [...]

Kari Polanyi Levitt

By Annavajhula J C Bose, PhD Like the bio for the Nobel-laureate Claudia Goldin may give you chill bumps, this brief biography of Kari Levitt (pictured above and below), the only centenarian lady economist in the world, should give you goosebumps and force open unconventional development economics (influenced by Marxism and Keynesianism) for you to [...]

The Endowment Effect: Your Brain’s Pricey Preferences

Your childhood bicycle, which has been gathering dust, is more than just a bike. Dive into the 'extended self' and discover why we treasure what's ours. Unearth the quirky world of the endowment effect!