Economics | Write Stuff

Indian Budget 2009-10 – Budget and the Sensex

By Ritika at 6 July, 2009, 3:52 am

Soon after the Indian Budget for 2009-10 was announced by our Finance Minister, Pranab Mukherjee, the Sensex started its downfall. Nothing surprising as the market has ended in red three times out of five during the UPA term, each time the budget was announced. The market generally rises before the budget in the expectations build up and then falls. The markets have 60% probability of falling on the day of the budget.

Monetary Economy: An imperfect model III – Socialism

By Akhilesh at 31 May, 2009, 3:03 am

Socialism though thought by many intellectuals to be an alternative to Capitalism and a more equitable form of governing an economy is not very different from Capitalism. According to me, in this case also we follow the fundamental of scarcity and ownership. The only difference lies that the ownership of resources is controlled by the [...]

Monetary Economy: An Imperfect Model II – Capitalism

By Akhilesh at 28 May, 2009, 11:46 pm

As discussed in an earlier article, money as a concept has largely remained unquestioned. This medium of exchange has been taken as for granted as well as the policies by which money is governed. Money not only serves as a medium of exchange for products and services produced in the economy but as a medium of control of the transactions.

The Monetary Economy: An Imperfect Model (Part I)

By Akhilesh at 12 March, 2009, 6:49 am

All human beings for majority of our lives are governed by one major factor “Money”. It has been built into our psyche since childhood that money is going to govern the kind of status you have in the society and most importantly money is going to be the measure of your wealth.