How multiple entrances exhaust students, fill varsity coffers | Chennai News - News


When the global financial crisis swept the world like a tsunami, The Economist dispatch of July 2009 wrote: “Of all the economic bubbles that have been pricked, few have burst more spectacularly than the reputation of economics itself.”

The dismal science of economics used by game theorists and option modellers to reduce abstract human behaviour to exact science was blamed for causing trans-geographical damages. Many felt that the arrogance of the profession was humbled by its own irrelevance. Whether the subject of economics has undergone a complete change in the way in which it is pursued now is not certain. That it slowed in front of a speed-breaker to calibrate itself is certain and the bumpy economic ride still continues. Extending this…

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