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Saahil Parekh in Logical Economics

Jul 2, 2017

Karl Marx: The Difference Between Capitalism and Socialism

This post is about Karl Marx’s ideas of capitalism and its certain tenets that seemed philosophically incorrect to him. I came across a blog post on “Why Libertarians should reach Marx?”, and it seemed to have quite a few useful…

Saahil Parekh in Logical Economics

Aug 2, 2015

Notes on the Laffer Curve

The Laffer curve is one of the most fundamental ideas in supply-side economics.

Saahil Parekh in Logical Economics

Aug 4, 2015

Keynes on the Definition of an Economist

I came across this excerpt written by John Maynard Keynes in his 1924 essay on Alfred Marshall, published as Essays in Biography on the Cafe Hayek blog.

The study of economics does not seem to require any specialized gifts of an…

Saahil Parekh in Logical Economics

Sep 1, 2015

“My wife’s a Keynesian; she’s always spending herself out of depression”

Saahil Parekh in Logical Economics

Aug 8, 2015

I don’t understand Sociology

I came across this post on the Environmental and Urban Economics blog about the inherent difference in…

2 responses

Saahil Parekh in Logical Economics

Jan 11, 2016

Veblen Effect and food security in India

Cultural norms have a significant effect on preference of goods. An article in Mint’s…

Saahil Parekh in Logical Economics

Sep 1, 2015

Is growth really important?

Kenneth Boulding, an economist who contributed an ocean of economic research during the post Great Depression…

Saahil Parekh in Logical Economics

Jun 14, 2015

The Invisible Hand Theorem 101

“It is not from the benevolence of the butcher, the brewer or the baker, that we expect our dinner, but…

1 response

Saahil Parekh in Logical Economics

Jun 27, 2017

Science and Social Science

Following is a quote by Friedrich Hayek from his book “The Counter Revolution of Science” written in 1952…

Saahil Parekh in Logical Economics

Dec 27, 2015

Summarising the idea of microeconomics

I came across the following comment on Scott Sumner’s blog, which really sums up the idea of microeconomics.

You have a straightforward economic argument showing that it is not in people's interest to do X.

These were the top 10 stories published by Logical Economics; you can also dive into yearly archives: 2015, 2016, and 2017.

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Logical Economics

It is a collection of economic perspectives of a young economist who finds himself in complete agreement with Dani Rodrik when he says that “economics is not the kind of science in which there could ever be one true model that works best in all contexts.”

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