Governments consist of people, and people respond to incentives. For this reason, there is no better way to understand government than through the tools of economics. Episode 121 of The Seen and the Unseen is a rerun of an old episode of The Pragati Podcast, in which Amit Varma introduces Pavan Srinath to the mindblowing insights of Public Choice Theory.
Tag - Public Choice
Government action enriches the few at the expense of the many. The recent restrictions on Amazon and Flipkart illustrate that process.
Our weekly explainer on economics using lessons from popular culture. In Installment 14, Newton Kumar discovers Rational Ignorance.
A new study shows that cheating as a student is a a good indicator of future corruption in the civil services. This is why screening for those jobs should not be based on ability alone.
Governance today amounts to a redistribution of wealth from common citizens to special interest groups and vote banks.