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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…
Go to the profile of Saahil Parekh
Saahil Parekh
Science and Social Science

Science and Social Science

Following is a quote by Friedrich Hayek from his book “The Counter Revolution of Science” written in 1952. Although terribly verbose, I…
Go to the profile of Saahil Parekh
Saahil Parekh
Twitter is in trouble: how can it be rescued?

Twitter is in trouble: how can it be rescued?

Everything is about incentives, and Twitter simply doesn’t have enough of them to attract new users.
Go to the profile of Saahil Parekh
Saahil Parekh
Minimum/maximum temperature laws just like minimum wages?

Minimum/maximum temperature laws just like minimum wages?

Having minimum wages in an economy where the labour excess is not very high can be a bad thing. Three previous blog posts highlight this…
Go to the profile of Saahil Parekh
Saahil Parekh
Veblen Effect and food security in India

Veblen Effect and food security in India

Cultural norms have a significant effect on preference of goods. An article in Mint’s Economics Express, a weekly column on issues in the…
Go to the profile of Saahil Parekh
Saahil Parekh
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