Economics, Development & Policy Takeaways, 2017

It has been an extraordinary year in academic realm, especially in public policy and economics. This is the year when economics got realistic, if one regards the annual Nobel Prize in Economics as a defining moment in economics research. Richard Thaler won it for for showing how the human traits of 'limited rationality, social preferences, and lack of … Continue reading Economics, Development & Policy Takeaways, 2017

‘Property’ in its contemporary form

In an earlier post history of the idea of property was traced briefly. This one continues the exploration of normative and operational basis for the idea of property. The merit of this pursuit lies in the realm of grappling with several contestations that have emerged in the contemporary society. These contestations are between various classes, … Continue reading ‘Property’ in its contemporary form