Category: May-June 2016

In the balance: tackling the tradeoffs

Abhijit Banerji

Unlike it was once believed, a consumer is not always rational in the purchases that he/she makes. But if the markets have to thrive then they have to understand the way an average consumer’s mind works.

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(Un)learning economics

Alex M Thomas

Economics textbooks teach students only the now popular and mainstream economics otherwise called ‘neo classical economics’. But studying this will be a uni-dimensional way of understanding the subject especially when several noted economists have charted out different ways of understanding the subject. So to understand what economics is we have to unlearn what we learnt as economics and explore the subject in several different ways.

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