Mr.Ashit Kumar Srivastava talks about the role of the Union Government as a ‘Data Fiduciary’ after the Puttuswamy judgment which cements the Right to Privacy as a Fundamental Right under Article 21 of the Constitution of India. Even though it is a negative right demanding non-interference of the State, with the Adhaar initiative, the Author argues, there is a positive obligation on the State to protect the data collected by means of UIDAI remains safe.
Bertrand Russell’s, “Marriage and Morals” was published 9 decades ago and yet the foundations of modern marriage are deeply embedded in the past which have invoked a certain moral bias. This article by Guneet Singh Sidhu juxtaposes Lord Russell’s arguments against contemporary marriage scenarios to examine the “modern marriage”.
In this article, Sanjana Medipally explores the herd mentality of the stock market by taking a close look at the dot-com bubble. The article looks into this bubble and the impact it had, especially due to the creation of the internet and it’s impact on the growth in the revenue of companies. Read on to find out more about this phenomenon and its consequences!
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 a spread of crisis across interconnected economies.
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.
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.
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.
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.
“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 on to find out what Ronit Hazarika has to say about this.”
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…
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.
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.