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Methods of Environment Valuation

July 3, 2023

There are several methods used for environment valuation, which involve assessing and quantifying the economic value or worth of natural

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The Johansen Theory of Public Expenditure

July 1, 2023

The Johansen theory of public expenditure, also known as the Johansen equation, is an economic theory that seeks to explain

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Nurkse Theory of Balanced Growth

June 29, 2023

The Nurkse theory of balanced growth, also known as the balanced growth theory, was developed by the Estonian economist Ragnar

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The Factor Price Equalization (FPE) Theorem

June 27, 2023

The Factor Price Equalization (FPE) theorem is an economic concept that suggests that under certain assumptions, the prices of factors

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Social Welfare Function

June 26, 2023

In economics, a social welfare function is a theoretical concept that aims to represent the overall well-being or welfare of

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Adverse Selection & Moral Hazard

June 24, 2023

Adverse selection and moral hazard Adverse selection and moral hazard are two important concepts in economics, particularly in the field

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Tobin’s Q Theory

June 23, 2023

Tobin’s Q theory, named after the Nobel laureate economist James Tobin, is a concept in economics that relates to the

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St. Petersburg Paradox

June 22, 2023

The St. Petersburg Paradox is a classic problem in economics that challenges traditional theories of utility and decision-making. It is

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Agriculture and the Free Market

December 16, 2020

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

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Modi’s Agriculture Bills Push Imperialist Agenda

October 4, 2020

Prabhat Patnaik The two bills rammed through parliament last week were objectionable in every conceivable sense. The very fact of

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