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Showing posts with label Know the economists. Show all posts
Showing posts with label Know the economists. Show all posts

February 1, 2026

The Power Couple Who Weaponized Science Against Poverty

Imagine a world where fighting global poverty isn't about grand speeches, massive loans, or endless debates in air-conditioned rooms. Instead, it's about rolling up your sleeves, heading into villages, and running real experiments—like a doctor testing a new medicine. That's exactly what Esther Duflo and Abhijit Banerjee did. This dynamic husband-and-wife team from MIT turned economics into a hands-on science lab, proving that small, tested ideas can change millions of lives.

January 21, 2026

The "Hustler Professor" Who Shut Down Napoleon: Why J.B. Say is Your New Business Hero

If you’ve ever felt like the system is rigged against you or that the world is running out of opportunities, you need to meet Jean-Baptiste Say (1767–1832).

While other economists of his time were worried about the world ending, Say was the ultimate optimist. He wasn't just a guy who wrote about money in dusty libraries; he was a rebel, a factory owner, and the man who turned the word "Entrepreneur" into a superpower.


J.B. Say is Your New Business Hero

January 19, 2026

J.S. Mill Explained: The Harm Principle, Feminism, and the Future of Economics

We’ve all met the Doomsday Uncle. In the world of economics, that was Thomas Malthus. He was the guy who looked at a beautiful sunset and worried about how dark it would be in four hours. He told the world that because the population grows faster than food, we are destined for misery. For decades, his "dark cloud" hung over humanity, making leaders believe that helping the poor was a waste of time. Then came the "Anti-Malthus." His name was John Stuart Mill (J.S. Mill).

January 18, 2026

The Doomsday Uncle: Why Thomas Malthus Predicted Our Hunger Games, And Why He Was Wrong?

If you’ve ever been to a big South Asian wedding, you know the vibe. The music is loud, the lights are bright, and the Biryani smells incredible. But in the corner, there is always that one "Chacha" (uncle) looking at the massive crowd with a worried face. He’s counting the heads, looking at the size of the Deg (cooking pot), and whispering, "The food is going to run out. Half these people are going home hungry."

In the world of economics, that "Doomsday Uncle" was a man named Thomas Robert Malthus. Writing in 1798, Malthus became the most famous pessimist in history. He didn't just worry about a wedding buffet; he worried about the entire planet. His predictions were so gloomy that they earned economics the nickname "The Dismal Science." But as we look at our bustling, vibrant, and well-fed world today, it’s clear: Malthus’s math was legendary, but his vision was limited.

Thomas Malthus and Malthusian Trap

January 17, 2026

Lionel Robbins: The Man Who Taught Us We Can't Have It All

Why Life is One Big Game of "This or That"

Have you ever wanted to buy the latest iPhone, go on a trip with friends, and save money for your tuition fees all at the same time—only to realize your bank balance says you can only pick one?

Congratulations! You’ve just experienced the core of modern economics. You’ve just met Lionel Robbins (1898–1984). While other economists were busy talking about gold and factories, Robbins looked at the human heart and realized that our desires are a bottomless pit, but our pockets have a floor. He is the man who proved that life is a series of difficult choices.

If you are a student at Sara Pathshala, you’ve likely seen his name in the first chapter of every economics book. But who was he really?

Lionel Robbins Scarcity Theory

January 16, 2026

Meet the "BOSS" of Business School: Alfred Marshall

'The Man Who Turned Economic Chaos into the "Scissors" of the Market'

If you’ve ever walked into a local 'bazaar', haggled over the price of a t-shirt at a mall, or wondered why a plate of momos costs more today than it did last year, you are living in Alfred Marshall’s world.

January 15, 2026

Milton Friedman Biography: The Man Who Saved Capitalism (Economics Notes)


If you’ve ever wondered why your local "Babu" (official) is so slow, or why the price of petrol and milk keeps going up every time the government promises "free" schemes, you need to know Milton Friedman. He was a Nobel Prize winner who didn't care about fancy titles—he cared about YOUR freedom. He believed that the government is usually the problem, not the solution.

Milton wasn't some grumpy billionaire. He was the son of struggling immigrants, and he was tiny—seriously, he was only five feet tall. But when he started talking about freedom, even the presidents got nervous. He was the 'Happy Warrior' who believed that if you give a person a choice, they’ll almost always do better than a politician.

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January 14, 2026

Forget Adam Smith: Meet the Real Father of Economics

Think Economics started in 1776? Think again. Meet Chanakya (Kautilya), the ancient Indian mastermind who wrote the "Arthashastra" in 300 BC. From the "Honeybee Tax Theory" to "Market Regulations" and "Public Welfare," Chanakya laid the foundation of modern finance 2,000 years before the West. Discover why he is the true Father of Economics.
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January 13, 2026

Know the economists (Ep. 04): J.M. Keynes (John Maynard Keynes), The Man Who Saved Capitalism from Itself

 


Know the economists (Ep. 04) J. M. Keynes - The Man Who Saved Capitalism from Itself.

John Maynard Keynes (1883–1946) is the man who "saved capitalism from itself." If the previous economists were about how the world works in theory, Keynes was about what to do when the world stops working.

He is the father of Macroeconomics—the study of the economy as a whole. He was a brilliant mathematician, a patron of the arts, and part of the famous "Bloomsbury Group" (a circle of radical writers and artists like Virginia Woolf).

He made a fortune for himself (and his college at Cambridge) by trading currencies and commodities from his bed every morning before he got up.



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January 11, 2026

Know the economists (Ep. 03) : David Ricardo, A genius stockbroker

 

>Know the economists (Ep. 03): David Ricardo, A genius stockbroker.

Devid Ricardo was disowned by his family for love. He became a millionaire by age 25, and then changed the world’s economy forever. In this video, we’re diving into the life of David Ricardo, the "realist" of the Great Economists. While Adam Smith gave us the "Invisible Hand," Ricardo gave us the math that explains how the global world actually works.

Ricardo didn't just study markets— he mastered them. Whether you love free trade or hate it, you’re living in a world built by his logic.





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Know the economists (Ep. 02) : Karl Marx

Karl Marx (1818–1883) was a German philosopher, economist, and revolutionary who is famous for his critical analysis of capitalism and his role as the co-founder of modern Communism. Unlike Adam Smith, who saw the market as a harmonious "Invisible Hand," Marx viewed capitalism as a system of inherent conflict that would eventually collapse under its own weight.



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Know the economists (Ep. 01) : Adam Smith

Adam Smith (1723–1790) was a Scottish philosopher and economist who is widely regarded as the "Father of Modern Economics." He was a central figure of the Scottish Enlightenment and transformed the study of the economy from a branch of philosophy into a rigorous social science.



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