Category: Thomas Sowell

Written by Vikas Kasturi

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.

Written by Vikas Kasturi

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.