Browsing Faculty Publications by Title
Now showing items 5-6 of 6
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Rationality versus Irrationality
(Daily sun, 2017-04-05)Any introductory textbook on economics always starts with the fundamental assumption of rationality. The rationality axiom guarantees that given scarce resources, a consumer always tries to maximise utility. The ... -
The tale on innovation and growth
(United International University, 2017-12-13)Whenever we see the word innovation, we instantly recall Joseph Schumpeter who popularized the word in economics through his business cycle theory. Joseph Schumpeter explained the fluctuations of economic output through ...