WELCOME TO THE ECONOMIC SOCIETY

by Arushi Jain About a couple of years ago, everyone was talking about the mysterious price rise fiasco around something called a...

The first conceptual description of the Paradox of Thrift may have been written in Bernard Mandeville’s “The Fable of the Bees” (1714)....

Human beings are social animals and require communication for their existence. Evolution of language is nothing but the outcome of this...

Standard economic theory assumes that we are rational, but we are not. Most of the time, we’re deeply irrational. Irrationality can be...

by Laasya Dutta Amid the entropy of the economic slowdown and a downward revision of GDP growth rate, Ravi Shankar Prasad, India’s...