Saturday, April 22, 2006

I hate studying.....


D

Wednesday, April 12, 2006

Spent a large part of today thinking about the next 'big' thing...

Everyone who's anyone has earnt his/her rightful place under the sun by doing or developing something new....

This definitely holds true for the economics.

In my opinion, the current setup of economics will provide us with rapidly decreasing gains with every ensuing generation.... by focusing almost solely on mathematics it is rapidly reaching a level of extreme abstraction.

Thus, a new basis or field of research would be needed to progress any further.

I do have an idea though...

An element of human psychology should be introduced into the curriculum... the mother of all assumptions..."The consumer is rational"... should be relaxed... atleast to a small degree.
The mantra could be appended to..." the consumer is fallible".

This development would divert some of our attention from the 'core' but I do believe some interesting real world applications would come out of this.

I wonder if I'm the first one to think of this.......




D

Tuesday, April 04, 2006

One of the many grouses I have with our current setup for economics is its inability to impress upon us the fact that the zero sum game doesnt always work in the real world.

Most people see a gain by one lead to a corresponding loss for another....

Mercantilism.. a popular school of thought in the 17th century with variants being the mainstay of current national policies worldwide based its entire foundation on this.

Most dont realise that a gain by one may generate gains for another through secondary linkages. These gains would be further dispersed through tertiary linkages and so on.

Infact, as pointed out by many, a global symmetry is seen regarding economic booms and contractions... growth rates across the board are directly proportional to each other.

Altruism is an investment after all....


D

Saturday, April 01, 2006

Its been a month since ive tasted chicken...... i feel deprived...

Chicks I can live without but the absence of chicken......... that just plain hurts!

I do feel sorry for the goats too... its their carcasses which hang on the butcher's window a lot more regularly.

I wonder if killing all the chickens is a morally acceptable solution to PETA, havent seen them try any stunts this time around.

My family... all of them vegetarian are oblivious of my misery..... i need a shoulder to cry upon... or atleast a little portion of succulent chicken tikka....