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Archive for: September 2016

Book Review
Why Freakonomics isn’t Freaky at all
September 23, 2016
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Why Freakonomics isn’t Freaky at all
Anybody who has ever googled the phrase, ‘books to be read in economics’ or something similar, would surely come across a number of lists which would feature this book. Over the years, the book has achieved a cult status. Following it, there has been a sequel and even a documentary. When you first go through […]
Book Review
Predictably Irrational
September 22, 2016
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Predictably Irrational
Consumer theory forms an integral part of microeconomic analysis. There are certain assumptions that we use while analyzing consumer behavior. Any theorem that we can think of in this context is considered incomplete without the assumption that consumers act rationally in order to maximize their utilities.  But every day we come across people whose spending […]
Sports Economics
The Olympics Games: Striking Gold or Hitting Rock Bottom?
September 21, 2016
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The Olympics Games: Striking Gold or Hitting Rock Bottom?
The Olympic Games, much like other international competitions are focused on skills, training and most importantly national pride. Winning medals for the home country is of paramount importance. Take the Rio Olympics for example. There has been much discussion on social media about Indian athletes not winning any medals and snide comments about how it […]
Development Economics Social Sciences
Constructing the Palace of Illusions: Lofty Goals and the Structural Problems in Construction
September 20, 2016
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Constructing the Palace of Illusions: Lofty Goals and the Structural Problems in Construction
Construction is one of the most underrated sectors in the economy. We come across construction projects on a daily basis. On seeing a construction project, we immediately think about the activity associated with the structure, for example the construction of an apartment building is related with housing or the metro construction projects are always related […]
Social Sciences
What All a Good Monsoon Would Bring Along…..Agricultural Woes
September 19, 2016
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What All a Good Monsoon Would Bring Along…..Agricultural Woes
After facing drought for two consecutive years and 2015 being the driest year, rain showers for this year have brought along them a ray of hope not only for the farmers, but for whole economy as well. The MET department has announced ‘above normal’ rainfall between 104-110% of LPA (long period average). It would augur […]
Public Economics
Tracing India on The Global Map: Comparing India’s Public Finance with the Rest of The World
September 18, 2016
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Tracing India on The Global Map: Comparing India’s Public Finance with the Rest of The World
India being a democratic country has a diverse and proliferating population. To run such a huge economy, like any other country, India too has a diverse taxation policy. The taxation system has been divided amongst three bodies at different levels of the society. The first is the Central Govt. which levies taxes on income (except […]
Environmental Economics
Diesel Car Ban: What All Government Will Gain
September 17, 2016
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Diesel Car Ban: What All Government Will Gain
World Health Organization reports New Delhi to be 11th dirtiest city in the world. Not only this, but the health problems and increasing levels of pollution also took attention of the authorities concerned. Various implementations have been made and many are in discussions to reduce the proliferating levels of pollution in the capital. India’s top […]
Development Economics Health Economics Social Sciences
The Leftover side: Sanitation Problem in India
September 16, 2016
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The Leftover side: Sanitation Problem in India
The current Prime Minister of India, Narendra Modi preaches the teachings of Mahatma Gandhi and wants to eliminate the problems of sanitation and hygiene from the country. For this, he has pledged to eliminate open defecation from the country till 2019. India has to cover a long path in its journey to overcome the problems […]