broken capitalism ?

This week there were a couple of readings that I had to go through in order understand two of the most pressing questions of the current times (apart from when will we have the vaccine ) is, “What is the future of capitalism” and also “Could free market economy help us mitigate the climate change…

Where does data revolution lead us ?

We as a generation do not belong to ‘one job for life’ but we might also have to reconsider ‘one profession for life’. This interesting yet hard hitting revelation dawned upon me when I started working. It’s surprising how relevant we will feel with respect to our ideals and identities in college but how quickly…

Where does Liberty end?

This week I started with a new book named the “The Narrow Corridor: State, Societies and the fate of liberty” , which is written by Daron Acemoglu and James A. Robinson. The book elaborates on ideas of liberty and how different models of state and societies enable its growth or inhibit its growth. The book…

What can a crime-drama series teach us about scarcity trap ?

This week, I start with a question, one that has been on my mind for quite sometime now, which is, ” Do circumstances shape our cognitive capacity or are we bound to act the way we act because we are inherently like that?” Before getting to addressing that question, I would like to begin by…

Why do poverty traps exist ?

When we think of poverty,we often think about hunger as hunger and poverty go hand in hand. We have also been exposed to the imagery of poverty by living in India where the demographic is an extensive mix of the extreme poor and the extreme rich. We are also often caught in a thought process where we think that poverty is something that poor people deserve because of their lack of merit,skills and inability to put in adequate amounts of effort to escape it. In the book ‘Down and Out in Paris and London’ by George Orwell,he questions this aforementioned philosophy through an extensive account on poverty in the streets of Paris and London.

What gave birth to ‘true economy’ and how did it stem inequality?

The previous week I happened to see ‘Platform’┬áby director Galder Gaztelu Urrutia, which is essentially mirroring today’s capitalistic world. The movie which is set in a prison is a metaphor for the society which capitalism has enabled. The idea of need ceases to exist and people loot the resources, which in the movie’s context is…

Could we be entering the ‘Player Piano’ world?

We are living in unprecedented times, one that has us wondering about what the world would be once this crisis is over. Everyone’s churning out their views about the next phase and one thing that holds common in all these theories is that there is no going back. One striking worldview was that of Kurt…

Where does economics fit into our ideas of caste and community?

Apart from living amidst the pandemic , we have also been living in a time where prejudices against ethnic minorities have been growing. This has been happening throughout the world and has been one of the staple strategies for populist leaders in different countries. As I go further into the book ‘Good Economics for Hard…