By Adhish Majumdar (IIT-D) & Naina Khurana (Miranda House) This article is also available here. Often hailed as a solution to rising pollution in the urban areas, the adoption and use of Electric Vehicles is rising steadily across the world. Backed by technological advancements and government subsidies, an increasing number of vehicle manufacturers are entering [...]
Losses hurt more than gains feel good.
Pareto efficiency, or Pareto optimality, is an economic state where resources cannot be reallocated to make one individual better off without making at least one individual worse off. Named after Vilfredo Pareto, an Italian economist it is founded on the basis that if an economy’s resources are being used inefficiently, it ought to be possible [...]
Article by Haritha K, Deputy Editor The President’s 2018 Trade Policy agenda published by the Trump administration begins proudly by stating: ‘In 2016, President Trump told Americans, “Ladies and Gentlemen, it’s time to declare our economic independence once again.” Less than two years later, the Trump administration has begun fulfilling its promise.’ How the WTO [...]
~The Economics of Pollution by Naina Khurana, Junior Editor. 4 min read Perhaps one of the fundamental concepts of economics is that of supply and demand. It is the backbone of a market economy. Demand refers to how much (quantity) of a product or service is desired by buyers and supply represents how much the market can offer. [...]
4 MIN READ By Naina Khurana, Junior Editor Is there a relation between culture and economic outcomes? Do the behaviour and thinking patterns of societies determine their economic prosperity or impoverishment? These are thought-provoking questions that throw interesting insights on the economic development of countries and states with distinct cultures. Let me introduce my case [...]
4 MIN READ. An introduction to the cultural connect of economics. By Aarti, Deputy Editor As it goes- in Thailand, the weather is usually warm and there are annual rains. There is always fruit on the trees and fish in the water. Life is easy- which is why the Thailanders are always late. They never had [...]