Econs At Work

"The individual benefits as an individual from his ability to deny the truth even though society as a whole of which he is a part. Suffers."- So lets quench you thirst to understand this quote in this episode on the 'tragedy of the commons'.

You might have eaten kinder joy? Can you buy a kinder joy with just the creamy, chocolate balls and not the toy that comes inside for free, you wouldn’t prefer that right because who wants to lose something? So here we describe and talk about this behaviour of yours in this episode of prospect theory.

Ever worried about how future taxes will impact you and you reduced your spending? In this episode, we will talk about a theory that explains this behavior of yours. So sit back and get ready to expand your knowledge....

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Ever wondered what the Neo-Malthusian theory was about? In this episode, we will be covering various aspects revolving around this theory including the assumptions, advantages, limitations, checks, graphs, brief about similar and contrasting theories. Through this podcast, we aim to broaden and widen your horizon regarding economics.

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What would happen if you shared currency with your neighbouring country? What would be the  possible benefits and drawbacks of this? And are there some real life examples of this Optimum currency area theory? We are here to solve all these burning questions for you.

We are here to talk about the afoul result, which occurs when a government implements an expansionary fiscal policy-'the crowding out effect'. So to all the budding economics who are intrigued by this phenomena, then you are in the right place.

'Stability leads to instability. The more stable things become and the longer things are stable, the more unstable they will be when the crisis hits'- Hyman Minsky. So today we discuss about this quote in depth related to the financial income hypothesis. 

Want to know the true source of uncertainty that lies in the intentions of others? So we talk and uncover the famous ‘Game Theory’ for you in this episode.

You might remember the time when the Weimer government backed off in Germany when they were not able to pay the reparations and that caused sudden hyperinflation? So, we talk about all the content related to this logic in this episode of the Shock therapy.

So how do consumers safeguard their income according to the long term? Ever wondered about it and how it happens when we never know it's happening? So we cover every detail about the permanent income hypothesis for you in this episode.