Tag: economics
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Demystifying the existential mystery and natural laws!
The world we look around seems to be very complex juxtaposition of several things, entangled with each other in a very intricate and multifarious manner which makes it sometimes very difficult to understand. We may try to simplify things to ease our understanding, yet it does not change the nature of things that exist in…
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The curious case of income disparity at the bottom
It is often understood that the income level at the bottom of the demography is very miniscule, considering the per capita income of India at around Rs. 2.4 lakh. That translates to about Rs. 20,000 per month. But as Hans Rosling says in his book “Factfulness”, the gross data hides the micro picture. So, let…
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Self-reliance and self-sufficiency: The bane to world economy
A prelude to GDP vs GNH debate Sometime ago, I read a beautiful analogy of the economic activity and the associated circulation of money. Let me share that with you. The economy of the world, in general, and the economy of a country, in particular, wants you to buy a car instead of a bicycle!…
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Is it opportune time to revisit the ghost of Malthus?
Inherent contradictions between Human population growth, quality of life of every human and the expanding resource crunch More than 2 centuries ago, in 1798, famous economist of that era Thomas Robert Malthus prophesised in his book called “An essay on the Principle of Population” about Mathusianism or Malthusian trap. According to this theory of Malthusianism,…
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The enigma behind taxation- are we missing the woods for the trees?
Everytime, at the time of budget presentation, the media is flooded with only one rhetoric! No brownie points for guessing it right, it is none other than how much tax relief is expected for middle class, poor, businesses etc. But, is the budget only about providing tax relief? Or if tax levy is such a…
Anupam- The Dreamer 