An Exciting New Project (Preview)
We will discuss the mathematical model and the coding section in detail in the upcoming post. I also need to correct some errors I made in the code section. For example, I made a couple of errors in the ‘while’ loop! There are more, though the code works just fine. So, for now, this is…
COVID-19: Pandemic vs. Price Controls
Unless you have been living under a rock, you have definitely heard about COVID-19, or even affected by it either directly or indirectly (e.g., through its impacts on our economy). It is taking the world by storm. How long it will last and how we will remember this bitter episode of history, only time will…
Science and Technology as support for Sustainable Development
Author’s note: I did promise bit coin, but there are a few unfinished businesses in the pipeline. For the next article, we will discuss Rule 70 and how to prove it mathematically. More on that later. I have recently written about my take on science and technology and how they help bolster sustainable development in…
India's Demonetization and Unified Payment Interface: A bold move
*Draft to be finalized* 19/June/2018 ** Forgive me for spelling errors and inconsistencies. They will be corrected soon. ***UPDATE: Some mistakes found and rectified A friend of mine asked me a very interesting question concerning India’s decision to demonetize and its recent monetary scheme which introduced a new Unified Payment Interface (UPI) aimed at easing…
De-dollarization: Not so soon
*This article maybe a bit too economics for some readers. Feel free to leave a comment or two below if you have any questions* For the past few weeks, I have taken great interest in the economics of money, inflation and deflation to be more specific. Inflation can be defined as a general rise in…
The Economics of Poverty: Taking a step back (Part 2.1)
** 1st Draft (28/11/2017) Our first two articles on poverty (article 1 and its extension 1.1) placed great emphasis on the fact that poverty should not be defined as a disease but rather a symptom of many other economic, political and social ailments. With just this slight change to the conventional wisdom, it has opened…
Is Economic Modelling a futile attempt before the everlasting Uncertainty?
Lately, a lot of our discussions have revolved around the idea of modelling the real economy. I also wrote a bit about how modelling is connected to other scientific pursuits like machine learning. What I left out however is an answer to the question “So what? Does it matter?”. I believe this is a critical…
The Newton and Einstein of Economics: Keynes vs. Lucas
“When the facts change, I alter my conclusion.” as put forth by John Maynard Keynes, the man whose economic insight helped shape our modern economic landscape. Later in time, this notion that facts change (i.e. that the economy is dynamic) was adopted widely, but oddly enough, Keynes was not the one who popularized the idea.…
A Short Email to An Inspired Student
I was fortunate enough to become a teaching assistant in one of the courses at the Australian National University during the first semester of 2017. This opportunity was given and made accessible to me by great and successful scholars in their respective fields, who have shown not only support but also trust in me. I…
The Economics of Poverty: Taking a step back (Part 1.1)
It has been quite a while since my last update. For the last 4-5 months, I had little time to sleep, let alone writing articles for Economind. I am back now and will try to pick up the pace. This will be a short article intended to tie up some loose ends of our first…
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