Logical Economics

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…

Science and Social Science

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

Veblen Effect and food security in India

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

This article (25% of Donald Trump’s political spending goes to his own companies, Quartz) details Donald Trump’s business of running for presidency; how much he stands to make through it.

“It’s very possible that I could be the first presidential…

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.

Jomo Kwame Sundaram, the co-ordinator for Economic and Social Development at the Food and Agriculture Organization, writes about the differences in the responses of small and big farmers to increasing food prices in the Economic and…