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Read the below paragraph and answer the questions after reading paragraph and question is "'Times have changed for the once almighty discipline.' We can infer from this statement and the associated paragraph that the author is being"
Question Posted on 07 Sep 2025
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CAT 2024 Question Paper VARC Slot 1 Question 7.
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Read the below paragraph and answer the questions after reading paragraph and question is "'Times have changed for the once almighty discipline.' We can infer from this statement and the associated paragraph that the author is being"
(1)sarcastic about how economists, who earlier shunned other disciplines, are now beginning to incorporate them in their analyses
(2)disparaging of economists’ inability to precisely predict market behaviour, and are now borrowing from other disciplines to remedy this
(3)judgemental about the ability of economic tools to accurately manage crises leading to the downfall of this lofty science.
(4)critical of economists’ openly borrowing and collaborating across disciplines to explain how humans make decisions
Answer:-(1)sarcastic about how economists, who earlier shunned other disciplines, are now beginning to incorporate them in their analyses
Note:-The tone of the phrase “almighty discipline” suggests mild sarcasm regarding economics' earlier dominance and self-containment. The statement reflects a shift in economics from being insular and self-assured to being more open to interdisciplinary borrowing. The author describes earlier economists, like Gary Becker, as imperialistic and unwilling to incorporate ideas from other disciplines. In contrast, contemporary economists like Thomas Piketty are portrayed as reaching out and collaborating. | |
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