For reasons I myself cannot comprehend, I recently decided to take the University Grants Commission’s (UGC) NET exam, a cockeyed morally offensive mind-numbing scandal of a paper that deserves to be thrown out.
But on the plus side, it gave me the occasion to revise some of the basic concepts in economics that had been parroted out to us in our undergrad years.
One such is what is known as Engel’s Law, which states that as incomes rise, the share of expenditure on “necessities” like food declines.
Continue reading “M. I. Meat Suppliers”
Once upon a time there ruled over twentieth-century Indraprastha, not one but two Ashoks, whose empire stretched as far as the eye could see, and their fame even beyond.
Okay, granted that the eye couldn’t see very far at all in twentieth-century Indraprastha, but you get the gist.
Every day when the sun would set on their bonny kingdom, the Ashoks would collect their tithe, and transform it into a toothsome treat of mutton and chicken, curried in the richest of gravies, replete with desi ghee and the finest dry fruits their minions could muster.
Continue reading “Ashoks the Great”