On the face of it, The Wire is merely another crime drama in the milieu of the dying, violence filled streets of an ordinary American city, yet is often considered one of the greatest television shows of all time. Spawning multiple books and being the subject of various courses at elite universities, The Wire isContinue reading “Broken Window Theory, Gini Coefficient and The War on Drugs: 5 Lessons from “The Wire””
Category Archives: Economy
The GameStop Short Squeeze: How Reddit is Revolting Against Wall Street
The unprecedented rally of GameStop stock over the past 10 days in a buying frenzy orchestrated by retail traders on the social media platform Reddit, particularly r/WallStreetBets (a Reddit community with millions of aggressive day traders) has taken the investing world by storm. By pushing up the price of this failing company, they have launchedContinue reading “The GameStop Short Squeeze: How Reddit is Revolting Against Wall Street”
America Can Print More Money (And Get Away With It)
The American economic response to the COVID-19 crisis has been lauded by many on the world stage, but what exactly are the implications of their ambitious stimulus package? America has spent or plans to spend roughly 7% of their GDP in stimulus to revive their economy, similar to many packages being discussed here in IndiaContinue reading “America Can Print More Money (And Get Away With It)”
Axe the Tax? A Dummy’s Guide to Tax Policy During Crises
According to the best estimates, 120 million people in India have lost their jobs due to the economic impacts of COVID-19, and nationwide lockdowns, with many more facing severe pay cuts. Right now, resources are scarce, especially financial resources. Families have to make compromises and huge lifestyle changes, and when each rupee makes a hugeContinue reading “Axe the Tax? A Dummy’s Guide to Tax Policy During Crises”
The Ventilator Crisis: Survival Through Lottery?
When we strip ourselves of emotion, thought, technology, language, culture; everything that separates us from even our most intelligent primate cousins, we are left with a shared primitive intuition; the survival instinct. Ultimately, everyone must fight for survival in different ways, and seek social status due to the social Darwinism inherent in society. It’s aContinue reading “The Ventilator Crisis: Survival Through Lottery?”
What is the Monetary Value of Life?: The Cost-Benefit Analysis Conundrum in Coronavirus Lockdowns
In recent months as governments have responded to COVID-19 in different ways, and especially as the toll of global lockdown on the world economy and on India is slowly being felt, some questions arise. Millions have lost their jobs, millions others have been reduced to poverty, unable to meet even their basic necessities, raising theContinue reading “What is the Monetary Value of Life?: The Cost-Benefit Analysis Conundrum in Coronavirus Lockdowns”
The Indian Unemployment Concern: We Do Not Have Enough Risk Capital
When a major emerging economy grows significantly, you would expect that job growth would follow, however, this hasn’t been the case in India. Between 2016-2019, India’s GDP growth was 27% but its net job growth was only roughly 3%. Unemployment in India had been on the rise, and in fact, due to COVID-19, the situationContinue reading “The Indian Unemployment Concern: We Do Not Have Enough Risk Capital”
5 Economics Classics – Thorough Introduction to College-Level Understanding
As an economics student going into IB, I along with many friends will be studying and revising to be well prepared for our continued studies when the academic year begins. As an avid reader on the subject I created this list of timeless classics which if read carefully provide a solid foundation for a thoroughContinue reading “5 Economics Classics – Thorough Introduction to College-Level Understanding”
The Candid Contrarian 