AMU Economics Students Club (AESC)

by Mohammad Sabith P Walking through a small-town marketplace. A vegetable seller charges what his neighbours can afford for his fresh produce, while not far away, a woman runs a cooperative where everyone receives equal shares of the profits. Across the road, a young man tries to sell organic products but is undercut by cheaper, mass-produced goods.  This bustling scene illustrates the complexity of real economic life. Some vendors prioritise competition and profit, while others focus on fairness, cooperation, and sustainability. Such diversity shows the limitations of traditional economic models, which often simplify the reality of how economies operate.  Alternative economics emerges to capture these varied perspectives. It challenges the mainstream belief that markets are solely about rational actors and efficiency, instead addressing real-world complexities like power dynamics, social justice, and environmental limits. Economics, fundamentally, is about how we allocate re...

  “Charting New Territories”: The Journey of MNC’s Establishing Bases in Foreign Markets Fatima Siddiqui 1 , Md. Arifur Rahman Rifat 2, Syed Faizan Parvaiz 3   A Multinational Corporation (MNC) is a business that is incorporated in one country but operate in multiple countries, often spanning continents. The concept of Multinational Corporations (MNCs) has a wide and evolving meaning. Traditionally, MNCs were defined mainly by their structure, focusing on how they operated across borders through distribution, production, and services, essentially extending the parent company's operations beyond its home country. However, with globalization, the lines between businesses, countries, and marketing strategies became less clear. This change is reshaping how we understand MNCs, as they adapt to a more interconnected world. MNCs have been around for a long time, even before the modern world . Ancient civilizations like the Phoenicians (today’s Lebanon) traded across dif...

by Monis Nabi   Published In Aligarh magazine.  On the 15th of August 1947, India finally achieved its freedom from British rule through the joint efforts of many political parties, like the Indian National Congress, and by the beginning of the year 1950, the Indian Constitution was in its full effect. However, these secular democratic political parties were not alone in the freedom struggle; there were various other movements and radical socialist organisations too, some of them being Silk letter movement and the Hindustan Socialist Republican Association (HSRA), previously known as the Hindustan Republican Army and Hindustan Republican Association (HRA), which played a role in the independence of the country. At last the country got its independence from the colonisers. When the movements led by the Indian National Congress were in full flow, there was no other political faction that could challenge the British, like the Congress. Hence after the independence, there was...

The idea of “trickle-down” originated from political debates to describe the economic policies of a party or politician. There was never a formal concept of “trickle-down economics” in the sense of economic theory. The term-of-art was used to describe policies that directly benefited to rich but were justified by arguments they would ultimately also benefit the middle class and poor. In fact, The term was first introduced by humorist Will Rogers in a column critiquing then-President Herbert Hoover’s economic policies.Trickle-Down Economics is an economic theory that suggests benefits provided to the wealthy and businesses will eventually "trickle down" to the rest of the economy. The theory posits that tax cuts, deregulation, and policies that benefit corporations and the rich will spur investment, job creation, and economic growth, which will benefit all economic classes. Government of India  passed a law in August 2019 to cut corporate tax rates, the rate for existing compa...