Real Life Microeconomics

Economics in action

I did not have any serious exposure to the subject of economics during the first 25 years of my life. As a typical student from a lower middle-class family in Kerala, my aspiration was to be an engineer. During my engineering education, I got to know and started interacting with the popular science movement in the state (namely Kerala Sastra Sahithya Parishad – KSSP). These connections encouraged me to be a full-timer of KSSP while working as a lecturer in an engineering college.

My job in KSSP was to help setting up `Integrated Rural Technology Centre (IRTC)’, and develop appropriate technologies and plans for small-scale watershed management. We prepared a proposal and received funding from the government of India for a watershed conservation and management project.

The objective of the project was to facilitate water conservation or storage (through small-scale and environmentally appropriate measures) with the objective of increasing the…

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