MARKET IN CHAOS

Economics, in contrast with the ‘pure’ sciences, is a fairly modern subject with its first major ideas emerging in the late 18th century. Economists since then have for over 2 centuries tried to come up with a basic set of laws that could predict the complex system of exchange of goods and services mathematically, producing results that are fairly accurate. But then, the question arose: is it possible to model human behavior the way it is possible to model other systems in science, say, the motion of objects? Using Newton’s Laws, it is possible to predict the motion of any macroscopic object under the influence of a force. But what of man? Could we accurately predict how he would react to certain laws or policies? And if we could would it…
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IIT News

IIT alumni will have Rs 1,000 crore for your big idea soon IIT-D shows how Punjab can re-use farm waste PSUs make a comeback to IIT Bombay placements after two years DRDO ropes in IIT Bombay and Madras for propulsion and aero-engines development IITs eyeing finance, core sector, analytics for placements
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