Unintended consequences -1
This blog is about how demand falls as prices go up. Adding extra benefits for workers would actually lead to increase in prices and therefore lower demand which will be detrimental to the workers in the long run.
Category: Economics
Gabbar Rocks
Gabbar Singh of Sholay was much hated. But there is much to love about the Gabbars of the business world.
Microeconomics of Mandis
oday is a sad day for economics in India because the government may repeal the farm laws in the parliament. The laws were meant to help the farmers increase their incomes while lowering the cost of food for consumers. However, this game changing reform got entangled with politics and has come to a premature end. Thought I’d share a few thoughts on this.
Time value of money and the money value of time
This blog explains the time value of money and the money value of time.
A case for free internships
In this blog I use second order effects to make a case for free internships.
How trade impacts positively
Why trade/ business in general is a positive sum game for the society.
Invisible but real costs
This blog explores the opportunity costs of banning products from some countries.
Incentives, not intentions, drive the outcome
People understand incentives. They understand what is good for them and what isn’t. They aren’t moved by the noble intention; they are more concerned by what’s in it for them.
Go beyond the obvious
Sometimes, like an iceberg what is not visible is more important that what is visible and obvious.
When the patriot met the economist
An imaginary conversation between the patriot in me and the economist in me.
Interest upon Interest 