The Behavioral Signs of the Recession

One of the most unconventional ways to know if we are headed towards a recession is by looking at a baby’s bottom. Yes, that’s right. Studies find that parents end up changing baby diapers less frequently in times of a recession, which in turn causes an increase in the sales of baby rash creams. According…

ReKindle-ing the Magic of Print

Books are uniquely portable magic.  -Stephan Hawking   There has been a constant change in the way a person chooses to pass their time. It can either be playing a sport, cycling, swimming or reading a book. Reading books has always been known to be the best source of knowledge, whether an autobiography, novel, a religious…

Economics: Less is More

“Just enough is plenty” – Samuel Alexander In economics, scarcity refers to the idea that the world has limited resources and can never meet every human want. Whereas, abundance refers to the situation where the supplies are so high that most (if not all) human wants and needs can be met. Economics of plenty is…

Thinking Beyond Zero

“There are a couple of watersheds in human evolution. Most people are comfortable thinking about tool use and language use as watersheds. But the ability to play non zero sum games was another watershed.” – Jonathan Haidt Why do nations indulge in trade when it forces a particular section of their labour force out of…