51 Quotes by Salman Ahmed Shaikh

Salman Ahmed Shaikh Quotes By Tag


  • Author Salman Ahmed Shaikh
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    In the earlier era, the subject of economics was geared to human needs. Now, the prime emphasis is on market behaviour and market outcomes based on choices under uncertainty and scarcity. The emphasis on choice behaviour subtly and inadvertently makes economics and most of its contents largely irrelevant for poor people.

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  • Author Salman Ahmed Shaikh
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    When welfare is discussed in microeconomics textbooks, it is only in the domain of economic exchange in markets. The discussion in such places sets total welfare maximization as the virtuous end or criterion. In first-degree price discrimination adopted by a monopolist, there is no welfare loss. However, there is no consumer surplus either despite having optimal efficiency. Economics is neutral between desirable or undesirable equilibrium from the point of view of equity.

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  • Author Salman Ahmed Shaikh
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    Religion concerns primarily with the moral sphere of life. It concerns with the moral conscience and strengthening it to elicit positive actions and behaviour. The developments in technology through modern science are in no way a replacement of moral values. Just like we can survive without sun neither in ancient times nor to this date, the same way religion is also a fundamental part of human society by giving it values and meaningfulness.

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