Category Archives: Original Articles

LEVIATHAN – Rise of Central Banking, And: A retrospective analysis of the COVID-19 crisis

Written By: Sumeet Dhatt

“[Leviathan] comes into being when its individual members renounce their powers to execute the laws of nature, each for himself, and promise to turn these powers over to the sovereign—which is created as a result of this act—and to obey thenceforth the laws made by this sovereign.” – Britannica on Thomas Hobbes’ Leviathan [4].

During the COVID-19 pandemic, the role of the central banks across the world, for instance, the United States Federal Reserve and Canada’s Bank of Canada, became increasingly relevant to all of our lives. Central Banks are a core aspect of our economy, as such it is important to not only know their role within our economy and how their decisions impact us today, but also how and why they became prominent in today’s modern economy.

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The Lost Souls Of The Olympic Podium

Written By: Adshake Kunanithy

Adrenaline starts pumping through their veins. They enter with flaming torches and waving flags. Every second and every breath matters from the shot of the starter’s gun to the end of the finishing line. Multiple sports take place with an overwhelming group of athletes competing across the world to make a name for themselves. To go back home with a gold medal. Although they join their home country with pride and joy, no one talks about the aftermath of the glorified event for the host country and its citizens.

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The Economics Behind Fast Fashion

Written By: Arshiya Chaudhary

A world without shifting consumer preferences is difficult to imagine, especially when it comes to the textile industry, since fashion evolves constantly. The ardent need to stay with the trend often forces consumers to shop every few weeks, propelling them to indulge in fast fashion, because who doesn’t love cheap, fast-moving, up to the minute clothes, right?

Fast fashion follows a linear business model. Brands acquire raw materials, transform them into apparel, and then sell them to the customers. As straightforward as it sounds, the actual process is quite the opposite.

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The Russia-Ukraine Crisis Or: How I Learned About Economic Deterrence

Written By: Sumeet Dhatt

Happy Xmas (War is Over)

Christmas Day, 1991 – The United States watches as the golden hammer and sickle that once flew over much of the East, representing the antithesis of their ways of life, is lowered from the Kremlin for the last time—the Soviet Union has collapsed, Merry Christmas, the war is over. In its ashes rises the newly democratic and independent states of Ukraine and the Russian Federation (7).

Over the three decades since the collapse of the Soviet Union, NATO – the North Atlantic Treaty Organization created to promote democratic ideals through political and military means – has expanded their influence, and are closing in on the Kremlin. The Russian Federation, formerly the head of the Soviet Union, watches as their once large sphere of influence reduces to ash.

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Is Protectionism Incompatible With Its Own Aims?

Written By: Arshiya Chaudhary

“The philosophy of protectionism is a philosophy of war” – Ludwig Von Mises. Cited by a renowned libertarian economist, this quote communicates the popular perception behind trade protectionism. But, can protectionism ever be a good idea? Or does it always contradict its own purpose?

Simply put, Protectionism is a policy that restricts free trade. In terms of world trade, it restricts imports from other countries using control methods like tariffs, quotas, production standards and government regulations. Protectionism within a country can be implemented to protect small firms and businesses from competition, by regulating taxes and subsidies.

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