Blog Sree Vijaykumar | From the Editor's Desk This article presents both sides of the surge pricing debate quite well. While, economists argue that it removes market inefficiencies (brings more drivers onto the road when demand is high, etc) and is hence good for the consumer, behavioural economists (a relatively new breed who study how human beings react in the real world) suggest that people may not be ready for indiscriminate surge pricing in several scenarios, including taxis. The objections are around fairness and predictability. Charging more during emergencies seems unethical. Also, would we really like to live in a world where prices for everyday goods keep changing like the stock market? - Comment | |
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Politics'Game of Thrones' And Marxist Class ConflictWhen Karl Marx proposed his class conflict theory based on the society prevalent in the 19th century, little did he know that his brainchild would crystallize in a fictional land called Westeros well over a century later. While situating Marxist theory in a TV series, Game of Thrones may seem absurd, the parallels are undeniable. |
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