15min chapter

The Seen and the Unseen - hosted by Amit Varma cover image

Ep 380: Sowmya Dhanaraj Is Making a Difference

The Seen and the Unseen - hosted by Amit Varma

CHAPTER

Economics as a Framework for Everyday Decisions

This chapter explores the speaker's transition to economics and how economic thinking can be applied to daily life decisions. The significance of incentives, opportunity costs, and institutional economics is emphasized, highlighting the importance of aligning incentives for desired outcomes. The chapter also touches on using Bollywood songs to illustrate economic principles and delves into development economics focusing on poverty, credit markets, and real-life experiences like poverty traps.

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