Guest Entry by Poorti Dua Introduction Why do some nations become rich while others remain poor? Economists Acemoglu, Johnson, and Robinson claimed that it was because of institutions; the rules of the game that decide who is included and who is excluded from access to opportunities. But here lies a twist in the story. Whenever […]| Arthashastra
By Annavajhula J C Bose, PhD Former (Economics) Professor, SRCC Mainstream economists still teach the undergrads, using, for example, Mankiw’s Principles, Garrett Hardin’s theory of “The Tragedy of the Commons,” which states: “Ruin is the destination toward which all men rush, each pursuing his own best interest in a society that believes in the freedom […]| Arthashastra
Guest entry by Shreya Narula “None are more hopelessly enslaved than those who falsely believe they are free” – Johann Wolfgang von Goethe Every year, many ex-colonies celeb…| Arthashastra