NU ECONOMICS

As our lives become more intensively interconnected, the social institutions that guide and determine our interactions become both more complex as also more important. These complex social institutions to which we loosely refer as market and government are now an intricate part of our existence, and gradually replacing our age-old arrangements like family, neighbourhood and clan loyalty as our prime means of organised welfare.

The increasing importance of Market and State in our lives means greater responsibility for not only those who regulate it from within the Government, but also for all of us, who are a part of it and make it work and for whose benefit it is regulated. This blog is meant as an introduction of Economics and its basic principles for all for every one, including market player, administrators, regulators, traders, experts and journalists.

The purpose of this blog is help everyone understand how basic principles of economics govern our behavior and how using them as a lever, the people and the regulators can achieve optimization of social welfare.