The merits of pluralism in economics

Thomas, Alex M. (2021) The merits of pluralism in economics. ICT Connect, 12 (2). pp. 1-2.

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The study of price and quantity is central to economics. The former takes various forms—the price of rice, the price of a laptop, the price of labour, the price of money, and so on. The latter comprises the quantity of rice, the number of laptops sold, the number of labourers employed, the quantity of money, and so on. It may be noted that our aspiration of better incomes for all is closely tied to our understanding of price and quantity dynamics because they tell us how incomes are generated and distributed. Owing to the constraints of space, I shall only discuss the dominant theory of price in economics.

Item Type: Article
Authors: Thomas, Alex M.
Uncontrolled Keywords: Economics, Political economy, Economics curriculum
Subjects: Social sciences > Economics
Divisions: Azim Premji University > School of Arts and Sciences
Full Text Status: Public
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