Why Inequality Does Not Disappear Like Water—and What Economics Can Learn from Mechanics Imagine a tank of water divided into two chambers, one containing water at a much higher level than the other. Open a connecting tap and something inevitable happens: water begins to flow from the higher level towards the lower one. The flow […]
What if an economy could be looked at not merely as a collection of markets, firms, consumers and governments, but as a dynamic system? Physicists do not understand the universe simply by listing its objects. They ask deeper questions: What are the fundamental quantities? What changes them? What flows between systems? What is conserved? What
science and engineering need to be integrated into a productive feedback loop, which has been a structural weakness of the Indian knowledge system”, gains sharper meaning when seen in the context of the 2025 Nobel Prize in Economics, awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for deepening our understanding of how knowledge, innovation,
What India needs is a robust culture of scientific innovation and creative ideas. Read More »
The 2025 Nobel Prize in Economics—awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their work on innovation‐driven growth and “creative destruction” —offers a rich lens for thinking about why the interaction (“clash”) between technology and humans often plays out in surprising, non‐linear, and unpredictable ways. Innovation can ignite growth, but sustaining it requires
The 2025 Nobel Prize in Economic Sciences was awarded jointly to Joel Mokyr, Philippe Aghion, and Peter Howitt for their pioneering work in explaining how innovation drives long-term economic growth. Their research offers a profound understanding of how societies progress from stagnation to sustained prosperity through technological change, scientific advancement, and institutional adaptation. Joel Mokyr’s
2025 Nobel Prize in Economic Sciences Read More »
In today’s world, success in trade, innovation, and value creation no longer depends solely on capital or scale. It increasingly hinges on how skillfully communities are curated, kinships kindled, and cohorts nurtured. Cohorts, kinships, and communities are the real building blocks of cooperation. They provide the trust, emotional capital, and shared identity that lubricate markets,
Affection Economy vs Transactional Economy Read More »
Many may not know the difference between rich and wealthy from socioeconomic point of view. According to some experts, the difference between rich and wealthy from a socioeconomic point of view is not just about the amount of money or possessions one has, but also about the sustainability and source of one’s income and assets.
Be a wealthy person rather than being a rich. Read More »
It is not difficult to appreciate why is it that the collective mind of the market often seems to make more balanced, DISPASSIONATE THREAT ASSESSMENTS. Individuals have reasons for romanticising the past while feeling anxious about the future.This is the reason why the market as a whole is more rational and objective than individual investors,
The collective mind of the market often works better than individuals. Read More »
Many experts have observed that investment in stock markets, as a group, investors seems to react differently to crises than individuals do. Maybe the reason is that for individuals, history is often better remembered than it was lived and the mind tends to scrub the past of its uncertainties and pains, and to recall bygone
The statement that there is an invisible hand that organizes the market activities in a modern society is an idea proposed by the 18th-century Scottish economist and philosopher Adam Smith. He used the metaphor of the invisible hand to describe how the self-interested actions of individuals can produce beneficial social and economic outcomes, without any
