Economics

Poverty: A ‘Failure of Capabilities’ or the ‘Lack of Historically created Opportunities’?

May 8, 2022

Poverty is multidimensional and thus the concept of it has to be extended beyond the deprivation of income; not only extended to the deprivation of basic necessities such as food, clothing and shelter or access to social securities of health and education, but also to the deprivation of freedom (such as political freedom) or social acceptance.

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Experimenting with the Economics of Natural Experiments

November 2, 2021

The benefits of natural experiments to create innovative research designs, aimed at finding credible evidence to answer important policy questions are well-known. Recently, David Card, Joshua D. Angrist, and Guido W. Imbens received the prestigious Nobel Prize 2021 award for offering new insights on labour markets and showing what conclusions about cause-andeffect can be drawn from natural experiments.

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Underdog to the Star Performer – Decoding Bangladesh’s Economic Rise

June 6, 2021

Bangladesh has
seen both structural transformation and the rise of sectors capable of generating decent foreign
exchange earnings, which has helped policymakers sustain comfortable macroeconomic
fundamentals

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Issues in Migrant Social Protection

May 15, 2021

A recent study by LSE found that 52% of urban workers went without work or pay and received no financial assistance for over a month. Bihar’s emergency assistance programme has been cited as a rare example of sub-national government’s efforts to identify, onboard and disburse payments to the migrants during the ongoing pandemic.

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The Psychology & Economics Behind Buffet Systems

May 15, 2021

However, a lot more goes behind the inner workings of a buffet system than just our sense of consumption according to our sense of value rather than appetite. The law of diminishing marginal utility is at the center of the whole business model.

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Understanding Cyclicality of Fiscal Policy, High Fiscal Deficit in Union Budget 2021-22: Implications on Inflation

February 7, 2021

In sum, revenue contraction, expenditure-side stimulus measures, and low denominator GDP – these three factors have collectively contributed to the high fiscal deficit in 2020-21 RE.

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Imperialism in the Asian Century-Lessons for Indian Economic Policies

July 31, 2020

India’s institutional policy has to complement its industrial policy and not the other way round

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Economic Structures,Institutions and Finance

July 1, 2020

Any enforcement of mutual exchange becomes exploitative even within free markets if over-riding socio-economic inequalities are ignored and institutions are imposed from the top.

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In Service of The Republic: The Art and Science of Economic Policy

June 13, 2020

Romanticism has led to greater economic and political centralisation often sub-verting the liberal democratic model of governance. Therefore for the sake of our democracy and sustainable economic growth/development, Indian policy-makers and opinion-makers need to rethink their obsession with the GDP growth.

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Have Migration Models Failed Us?

June 6, 2020

In the presence of limited economic resources for public allocation, human rights should be a policy imperative for the organization of economic system itself

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