Understanding politics via economic theory

Then you have the Stackelberg type of competition, where one firm is the market leader and other firms are followers

In the 1960s, Delhi University used to have a “combined” honours degree, modelled on the PPE of Oxford or the Tripos of Cambridge. But they discontinued it in 1966, I think.

Had they strengthened it instead, rather than treating it as a souped-up BA pass course, I think we would have had a far better-informed cohort of social-science graduates because politics, economics, and philosophy shouldn’t be taught and learnt in isolation from each other. That creates a silo mindset which never leaves the person.

One bad consequence of that hasty deletion of the combined honours course was that it took nearly 30