The Economics Behind Teenage Expenditure
By Suyash Raghavendra When I recently went for a casual walk through a shopping mall with my family, something felt immediately strange. Aside from me and my brother, almost everyone browsing the stores looked to be in their forties or sixties. I remember thinking, Did young people suddenly stop caring about clothes? About trends? About shopping? Of course, they didn’t. They just stopped coming here. Teenagers still shop constantly—they just do it from their phones. Instead o
5 hours ago6 min read
Facts vs. Experience: Are We Trusting Data More Than People?
By Meghna Sethuraman On October 29th, 2018 a catastrophic plane crash, known as Boeing’s 737 MAX crash took place. The plane crash killed 346 citizens, and numbers of over $60 billion worth of financial damage formed. It culminated in thousands of canceled orders, and even led to the firing of CEO Dennis Muilenburg. Breaching the trust of a multitude of citizens in Boeing's engineering and safety protocols, the crashes continue to “linger” to this day, as seen even through th
Mar 104 min read
Does Money Really Buy Happiness?
By Inaya Soni Can money really buy happiness, or is it just something people say? People have argued over this, saying that you need money in life to be happy, or money can help, but it isn’t what is mainly used to give you happiness. Many studies have explored the connection with money and happiness, while trying to figure out how different things can make us feel. This paper will look at how money can affect our happiness, and if there is a limit to how much money can give
Mar 104 min read
How Social Media Algorithms Shape Our Thinking and Beliefs
By Inaya Soni Social media is something we use everyday without thinking much about how it really works behind the screen. Whether it’s something like TikTok, YouTube, Instagram, or even FaceBook, what we see is quite often chosen for us by algorithm. These algorithms decide what we watch, read, and even believe; it’s all based on what we’ve clicked on before. While these algorithms do seem to be helpful at times, they can also shape our thinking in ways we don’t always know
Mar 14 min read
Future of Autopilot Cars in India
BY Vivan Mittal Autopilot cars have conquered the world in a brief time. Especially in the North American and South American countries. An autopilot car is a car that is capable of operating with reduced or no human input. Self-driving cars are fully responsible for all driving activities, such as scanning the environment, monitoring driving systems, and fully controlling the vehicle. Other benefits include smart parking decisions like self-parking capabilities in less exp
Feb 223 min read
Who Really Pays for Cigarettes and Alcohol?
By Yohan Rakibe Few issues in public economics stir as much debate as the taxation of cigarettes and alcohol. Governments around the world impose heavy indirect taxes on these goods, often justified by both fiscal needs and public health objectives. Economists classify cigarettes and alcohol as demerit goods, meaning that consumption is considered harmful to both individuals and society. By taxing them, governments hope to discourage use, reduce negative externalities such as
Jan 314 min read
Ethics in Advertising: What ethical responsibilities do advertisers have toward consumers?
By Ryla Raj Advertising is the practice and techniques employed to bring attention to a product or service. Businesses may use celebrities, colorful images, statistics and more to help do this. Advertising, also known as a form of communication, plays an integral role in shaping our modern economy. It is an effective way to reach current and potential consumers all over the world through various media. Advertisers not only aim to influence and persuade consumers to purchase
Jan 123 min read
