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Author: centreforneweconomicstudies

Did the ‘Herd Behaviour’ give the East Asian Economies a ride during the Financial Crisis?

This article, Lakshmi Priya analyses the impact of ‘herd behavior’, which is considered to be the quickest decision-making device, on the East Asian financial crisis. Herd behavior, due to constant social influence and social learning from interconnected clusters, is the end process of social learning. The article explains how this herd mentality can lead to…
Read more: Did the ‘Herd Behaviour’ give the East Asian Economies a ride during the Financial Crisis?
A Feminist Perspective to Demonetization in India – Effects of the Demonetization Crisis of 2016 on Women and Transgender Communities

In this article, Srivatsan Manivannan uses George Akerlof and Rachel Kranton’s notion of identity and its role in affecting economic outcomes in the context of gender identity to analyze the effects of demonetization on women and transgender persons. Read on to find out more.
Read more: A Feminist Perspective to Demonetization in India – Effects of the Demonetization Crisis of 2016 on Women and Transgender Communities
Public Policy Series – III

In the following article, the author, Priyam Agarwalla tries to make a point as to how pubic policy making should not be merely seen as a technocratic exercise in form of executive implementation as per (pre)defined rules of the game but must evolve as an interdisciplinary body of knowledge.
Read more: Public Policy Series – III
On Revisiting the Invisible Hand Theorem

This paper by Sreejith Sasidharan Nair assesses the invisible hand theorem and the emerging possibility of dual interpretations. Primary emphasis is put on drawing out the circumstances under which two interpretations are feasible.
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Shock Therapy vs. Gradualism: Approaches of India in 1990s and 2016.

This paper by Sanjana Medipally analyses gradualism mode of economic change which was the default mode of economic change in 1990s and the shock therapy mode of economic change which was seen during demonetisation drive in 2016 implemented in India.
Read more: Shock Therapy vs. Gradualism: Approaches of India in 1990s and 2016.
Public Policy Series – II

“Every public policy is meant to change or preserve something in the human society. When the policies are designed, they are designed assuming some chain of causality through which the desired change/end is achieved. . . . . . . . Ideal public policy-making involves anticipating the causal network to the fullest extent feasible. Read…
Read more: Public Policy Series – II
On State as a Visible Hand

In the following paper, Shagun Nayar, discusses about the role of the state as a visible hand in the economy. The author strongly feels that state intervention instead of generating savings and investment in order to promote economic growth and development becomes a drain on the economy. Read on…
Read more: On State as a Visible Hand
Public Policy Series – I

The Public Policy Series includes a diverse range of perspectives authored by students on the (re)conceptualization of public policy in its application and as a cross-fertilization of thought from other domains of social disciplines. This article is the first one in the public policy series. Read on to know what Soumya Chaturvedi has to say.
Read more: Public Policy Series – I
Quantum Decision Theory Series: #4 Path Integral Formulation and Finance

The following article is the next one in the Quantum Decision Theory Series, in which Professor Sudip Patra talks about Path Integral Formulation and explains how asset pricing equations have been derived based on the path integral formulation.
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On Debating the China Model and its Middle Class

The paper by Kartikeya Dwivedi discusses a new narrative of Chinese growth drawing parallels from history and throwing light on the secret of the economic rise of China by arguing that there exists a middle class which has made a thriving trade off between political oppression and economic freedom.
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Lessons that India can learn from the Carillion Crisis

The author Surya Rajkumar, discusses about the Carillion crisis in great detail in the following article and talks about the major lessons that India can learn from it. Read on in order to understand better.
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The Debate on Gun Control: Understanding the Significance of the Second Amendment

This article throws light upon the gun control debate of America has been happening since the 1990’s. Meher Piplani, discusses elaborately about the second amendment which has long been used to protect gun owners from restrictive firearm regulation, but now more than ever, gun control needs to be enforced in order to reduce the many…
Read more: The Debate on Gun Control: Understanding the Significance of the Second Amendment