Economic Science

From economic crises to medical emergencies, the science of stabilisation offers a way to understand how complex systems preserve their functioning, recover from disturbances and continue to evolve. Introduction: The Problem of Stability in a Changing World The world is composed of complex systems whose existence depends on a delicate relationship between stability and change. […]

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,

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