Categories
Superhero Economics

Why Thanos Is A Terrible Economist

In Avengers: The Infinity War, Thanos once famously said, “It’s a simple calculus. This universe is finite. Its resources, finite.”

And he’s right. Resources are limited.

Categories
Academics Current Affairs economics International Economics

The Rise of Social Exclusion and Economic Disparity in India

Roushan Mishra: The article attempts to understand the rising economic inequality and social exclusion in India through the economic, social, and political lens. Data on development indices indicate that India is entering a time of great peril especially since the advent of the Covid-19 pandemic. It also debunks the idea that Covid-19 is alone responsible for this unprecedented economic crisis, given that the Indian economy is highly informal and that investment in human capital is far from being adequate, especially in the health sector. The Indian economy started showing signs years before, meaning the pandemic has just exposed and exacerbated the crisis that was always there. The article is analytical and suggestive, as it discusses challenges and the ways forward at length.

Categories
Academics advice economics

7 Questions with Saima Chowdhury

Categories
economics International Economics

Trapped in $1.90 a Day

Saniya Jain: Inspired by the works of economists Abhijit Banerjee, Esther Duflo and Jeffrey Sachs, this article talks about the concept of ‘Poverty Traps’ and how they prevent individuals and economies from realising their potential, becoming self-sufficient and flourishing.

Categories
economics

Doughnut Economics

Saniya Jain: This article is about an interesting sustainable economic model developed by Oxford economist Kate Raworth. Unlike other economic models, this innovative idea provides the framework and principles that should be used in policy-making today in order to shape an economic system conscious of the ecological environment and wellbeing of all individuals.

Categories
advice

What I Learned After Completing the LinkedIn 30-Day Challenge

30 Days. 30 Posts. Challenge completed.

In July 2020, I challenged myself to write a LinkedIn post daily for 30 days. The challenge was intimidating, but I took it nonetheless. I wanted to gain something out of the quarantine, and it was a perfect opportunity to develop my skills – in this case, my skills in writing daily.

Here’s what I’ve learned from updating LinkedIn posts every day:

Categories
economics Resources

11 Resources to Help You Understand Game Theory

Following the exciting news of the 2020 Prize in Economics winners, I compiled a short list of resources for you to learn about Game Theory. Here are seven resources to help you understand introductory Game Theory.

Categories
Current Affairs

Forget Everything You Know About Gold

No, we’re not talking about the chemical element gold. Today, we will be discussing the significance of gold as the safe haven asset of the Great Lockdown.

Categories
economics pop culture

Odds Are Never in Your Favour: The Economics of Panem

Suhani Agrawal: In this essay, I look at the economic, political, and social systems that guide the fictional country of Panem built by author Suzanne Collins in the bestselling novel, The Hunger Games. 

Categories
economics

How Your Toaster and Pencil Can Teach You Market Economy

Categories
economics

Why Scarcity is Important in Economics