Water As An Economic Good
In the realm of economics, goods are classified based on their characteristics, which in turn determine their economic behavior and value. One such classification is based on the rivalry and excludability of goods, leading to the categorization of goods into four types: private goods, public goods, common goods, and club goods. Understanding these distinctions is […]
The Trickle-Up Effect: Inflationary Pressures from Scarcity of Water Resources
In the realm of economics, scarcity often acts as a catalyst for inflationary pressures, driving up prices across various sectors that constitute the economy. Inflationary effects of resources including energy and minerals have been extensively studied and subsequent predictive models have been developed to prepare economies for the same. Further, causes of price rise have […]
Exploding Water Footprint of AI …
“In 2022, Microsoft consumed about 22 billion liters of water, an equivalent to filling an Olympic sized pool 8800 times over …”“Google’s annual water consumption is 6-7 billion liters …”“Meta’s water consumption stands at 2 billion liters …” While these numbers are staggering, here’s a catch. These are the outcome of a water consumption surge […]
Developmental Trajectory of Water Infrastructure
Over the past two to three centuries, economists have diligently scrutinized and delineated the developmental pathways and growth prospects of nations. Beginning with seminal works such as Adam Smith’s ‘Wealth of Nations’ and extending through various schools of thought including Keynesian, Austrian, and Monetarist perspectives, the discourse predominantly overlooked the ramifications of relentless exploitation of […]
Bengaluru Water Crisis : A Ticking Time Bomb
While all eyes today are focussed on the alarming crisis plaguing the city of Bengaluru, it is time to ask some tough but pivotal questions. Is this crisis an immediate phenomenon? Is it just a result of bad showers in 2023? Or was this a ticking time bomb that was foreseeable but never dealt with? […]
