EconBuzz Prospect Theory 7 Feb 2023 The renowned prospect theory developed by Daniel Kahneman and Amos Tversky in 1979, demonstrates how people make decisions when faced with uncertainty. The theory was first presented in the article…
In Focus Role of Infrastructure: A Catalyst for Economic Growth 17 Nov 2022 The generalized idea that infrastructure development is an effective catalyst for long-term economic growth does not seem to apply to South Asia. It is the region with the fastest expanding…
EconBuzz The Origins of Fiat Money 15 Nov 202215 Nov 2022 Every second of the day, millions of transactions take place around the world, backed by nothing other than good faith and the integrity of a government declaration. However, the legal…
Winged Thoughts From Chanel to Shein: The Rise of Fast Fashion 14 Nov 20225 Jan 2023 Fast fashion as a term and a phenomenon came into existence around two decades ago and refers to garments that are inexpensive, fashionable and sold for mass consumption. The term…
Winged Thoughts The ‘Y Factor’ 7 Nov 2022 French economist Jean-Baptiste Say, who first coined the term entrepreneur in 1800, said, “The entrepreneur is someone who shifts economic resources out of areas of low productivity, and into areas…
In Focus Switching Gears: India’s Automobile Industry Over the Years 3 Nov 20223 Nov 2022 The automobile industry in India has come a long way from its inception to currently being the fourth largest in the world. In 1897, for the first time ever, a…
EconBuzz The Asian Financial Crisis 1 Nov 2022 The Asian financial crisis, also called the "Asian Contagion," was a sequence of currency devaluations that began in the summer of 1997 and spread through many Asian markets. The crisis…
EconBuzz Moonlighting 18 Oct 2022 Moonlighting is defined as having a second job in addition to regular employment. The idea emerged in the COVID-19 period as the global economy faced a downturn. With a decline…
Winged Thoughts Tax Loopholes–The Billionaire Version 17 Oct 202217 Oct 2022 For the majority of the global population, billionaires do more harm than good. The tremendous amounts of wealth that they have gained quite publicly is thus a source of constant…
In Focus Of Assurances and Discontents: How far have we reached in Improving India’s Mental Health Crisis? 20 Mar 2022 Mental health care and the economic systems of a country are fundamentally linked. Mental health is a huge contributor to the economic burden of non-communicable diseases in India (ET HealthWorld,…