ECONOMICS IN EVERYDAY LIFE: BEYOND THE BOOKS

When the word ‘Economics’ is thought about, what generally comes in mind is GDP, production, unemployment, central bank and government’s measures to sustain or support the economy. A common misconception is that economics is applied only at the macro level, that is to say, the economy of nations, the world economy and by corporate firms … Read more

Amartya Sen: Biography and Contributions [Capability Approach]

In this article, I’ll be exploring the life of the famous economist and philosopher Amartya Sen. I will be tracing his life through his publications and teaching career. His work on famines, the capability approach and choice of technique has been looked at in brief. His opinion on politics, in general, has also been noted down, to … Read more

What is Green Economy? Here’s a Simple Explanation

A green economy is defined as low carbon, resource-efficient and socially inclusive economy which aims at reducing environmental risks, managing ecological scarcities and aims for sustainable development without harming the environment. Basically, a green economy is driven by the desire to achieve growth in employment and income through investment which ensures that the infrastructure and … Read more

What is Development Studies? Everything You Need to Know Here

Development studies (DS) is an important field of study for anyone looking forward to working in the social sector. It encompasses a political, social, economic and technological outlook to issues faced by developing countries. This article covers the history of the field followed by a few theories of development. Further, it discusses multiple disciplines within … Read more