Article on ‘THE CONCEPT OF INVOLUTION IN ECONOMICS – The Double Edged Sword of Progress’ by CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt Ltd.(October 2025)
INTRODUCTION: First things first. What is it that the economists call Involution? Has it got anything with us or our economy? Let us understand the concept before we dive in. Involution, originally an anthropological term, has found renewed relevance in economic discourse, especially in contexts where intensification of efforts lead to diminishing returns. Unlike evolution, …