I love Economics classes! We've discussed Picasso's work, the Dark Knight, classical music concerts, conspiracies behind the depreciating rupee and  a hundred other things that seem very unrelated to our course on the face of it!

Anyway, so in one class, Sir made us do an exercise to see how many of us would donate to a common pool of money if we could use it anyway, whether we donated it or not. He was trying to demonstrate the need for paying taxes and the selfishness of free-riding individual consumers.

This throws up so many interesting questions! One such is whether, when a attendance is required for a particular function, an entire body of people can be trusted to attend or whether coercion and pressure to attend (if it leads to greater good) is justified. We have three hour sessions everyday!