Development Economics (Audio)

In this video, we’ll review equilibrium in the adjustment process, showing that the equilibrium price is the only stable price. Then we’ll take a look at equilibrium quantity, where quantity demanded is equal to quantity supplied, and how this plays out...

Does the equilibrium model work? Nobel Prize winner Vernon Smith conducted experiments testing this model and found that time and time again, the model did indeed work. This video takes a look at Smith’s evidence and analyzes other instances where...

What is the difference between a change in demand and a change in the quantity demanded? The terminology can be confusing — but we’ll provide some clarity in this video. In short, a change in demand refers to a shift in the demand curve — caused by a...

Free trade, but not free capital movements!  Bhagwati is a key figure behind the idea of rent-seeking and also trade theory, plus he has been a keen observer of current events.

What do we know about Indian living standards and growth rates in early times before modern statistics?

How much was deindustrialization a cause of Indian economic decline during the period of colonial rule?

How can we best understand the impact of the East India Company on the economic development of India?  Here is an introduction.

When India was under colonial rule, oppressive land taxation was a major problem, here is the scoop.