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Embracing Puzzlers: The Ignored Innovative Minds
In India, education plays a vital role in societal and economic advancement, yet it neglects ‘puzzlers’ – innovative minds divergent from traditional mastery. Entrance exams emphasize rote memorization, ignoring critical thinking. This oversight limits potential Nobel laureates and stifles academic innovation. Reforms must prioritize embracing diverse intellectual approaches to unlock India’s full academic potential and…
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A Message to Modern Economics Academia Based on the Hayekian Line
In a Hayekian critique, modern economics academia is urged to reconsider its reliance on mathematical models and econometrics. Hayek’s emphasis on the complexity of economic phenomena and the limitations of predictive techniques challenges traditional approaches. A more humble and interdisciplinary approach is advocated for a deeper understanding of real-world economics.
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Balancing Liberty and Responsibility: A Pragmatic Approach for Societal Progress
Balancing liberty with responsibility is key to societal progress. Individual freedom fuels innovation and prosperity, but without accountability, liberty becomes unstable. True liberty protects everyone’s rights, not just majorities. Market mechanisms incentivize responsibility and outperform collective planning. While democracy safeguards political freedom, consumer sovereignty in markets drives economic progress. Let’s unleash human potential through responsible…
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Bitcoin in the Market: In Search of Stable Money
Delving into the history of money, this article traces its evolution and critiques Bitcoin’s shift from a medium of exchange to an investment tool. It compares Bitcoin with gold and fiat, emphasizes the role of stable monetary policies, and advocates for ongoing innovation in the dynamic landscape of currencies.
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Efficiency of the Market and Imperfect People
Discover the real market – where people learn, adapt, and innovate. Contrasting textbook economics, this article delves into the dynamic world of entrepreneurship and human evolution in commerce.
