St. Petersburg Paradox
The St. Petersburg Paradox is a classic problem in economics that challenges traditional theories of utility and decision-making. It is
The St. Petersburg Paradox is a classic problem in economics that challenges traditional theories of utility and decision-making. It is
Prabhat Patnaik December 14, 2020 In the context of the on-going country-wide kisan movement for repealing Modi’s three Agriculture Bills, while an
Prabhat Patnaik The two bills rammed through parliament last week were objectionable in every conceivable sense. The very fact of
ECONOMIC GROWTH AND DEVELOPMENT Economic Growth implies the change in per capita income, while economic development means economic growth plus change. Change
DETERMINATION OF OUTPUT AND EMPLOYMENT 1. Classicals: The terms ‘Classicals’ was coined by Karl Marx. According to them, the economy will always
Anis Chowdhury and Jomo Kwame Sundaram Meeting the President of the Republic of Korea in September 2019, President Donald J
India’s overall exports (Merchandise and Services combined) in April-May 2019-20* are estimated to be USD 92.33billion, exhibiting a positive growth
India’s Balance of Payments Position Improves, as Current Account Deficit Declines Further: Economic Survey Foreign Exchange Reserves Continue to Be
+ The Foreign Trade Policy (FTP) 2015-20 was unveiled by Ms Nirmala Sitharaman, Minister of State for Commerce & Industry
C. P. Chandrasekhar and Jayati Ghosh Discussions on the state of the world economy centre around the likely negative impact