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The Queen, Emergence and Systems Theory
A group of academics at the London School of Economics has reflected on the causes of the global financial crisis. In doing so they have described how very many intelligent people had a collective failure of imagination, but at the same time they have pointed to the role of performance measures in contributing to the crisis; these acted as perverse incentives. This article discusses the difference between risk, a phenomenon we can perceive and ameliorate, and uncertainty, or unknown unknowns.
Population Explosion in Indian EconomyAt the time of independence, the population was around 30 crores and within 62 years the same has increased by around 85 crores. Dependency on primary economic activities, lack of technology, polygamy, preference for a male child, economic dependency of women, crop failures, in efficient and in accessible education and health facilities, high immortality rates, improper development of agricultural infrastructure, etc are some of the economic reasons for population explosion in India.