Mathematics forms a justifiably important part of economic analysis. It provides quantitative figures to describe often-qualitative phenomena, and allows us to engage in data comparison, analysis, and prediction. However, it is not the indisputable window into an economy it is often purported to be. The effectiveness of numbers in economics…

Introduction In recent years, the outstanding success of authoritarian capitalist economies like China has fueled critics of liberal democracies, seemingly proving that social and political freedoms have little place in economic development, and indeed, general economic analysis. This stance originally advocated for the suppression of political rights in order to achieve…

A story I wrote a few years ago. I seem to have loved using ‘he’ in these old stories. Anyways, hope you enjoy! Tom’s eyes narrowed as the harsh gales blew away his cap. The young soldier tightened his grip on his semi-automatic rifle. It was July 10, 1945, and…

Introduction It is possible for the unregulated functioning of free markets to result in the optimal social output not being reached, known as market failure. In cases where producers know more than consumers, or vice versa, it creates a situation of asymmetric information that results in either party gaining an unfair…

While the Stoic and Epicurean schools of philosophy are often seen as drastic opposites- the former believing in a fundamental justice and order in the universe, and the latter believing in no such order but only randomness- they are, as I hope to show, in fact complements of each other. …

This is an economic analysis I wrote a few months ago (from the date of publication) evaluating the price ceiling imposed on knee surgeries by the National Pharmaceutical Pricing Authority (NPPA) of India in 2013. Although it uses an old example, the economic concepts and evaluation within this article are…

Introduction While much of economics in the 1900s was dominated by the assumption of rational behaviour (this is known as expected utility theory), in 1979, Daniel Kahneman and Amos Tversky published a ground-breaking paper in the Econometrica journal that presented an alternative theory of behaviour known as prospect theory[1]. Basics Similarly to…

In this article, I hope to achieve three objectives: Convince you that free will is an illusion; Partly debunk the first proof and show you how to build better habits, and perhaps most importantly; Leave you with more questions that you came with. Free Will is an Illusion In order to debunk the existence of…

This is another post from my old blog on the reason you should mistrust free software. Some parts may conjure images of tinfoil hat-wearers, but I nevertheless ask you to read it with an open mind. We all love free software. What’s not there to like about it? It’s free…