Ecnomics of "understanding"!

-
Decades in time as a student of "Economics" I was forced to mug up chapters from 'Paul Samuelson's' book "Economics An Introductory Analysis". I wish I had then made effort to 'grasp' those chapters instead of 'mugging' them up. May be this is the reason why today I find my knowledge of "Economics" so undernourished. Even today I remain 'utterly bitterly' confused of a factor called "GDP"
Now again for instance if the 'GDP' of this country is on the rise, does it mean that the government's huge spending on 'Aam Aadmi's' welfare is being reflected significantly in improved condition of the 'Aam Aadmi'?. Does a 6.7% growth in country's 'GDP' remain unrelated to 'Aam Aadmi's' 'wait' at the water tap,every morning hoping that someday the "elixir of life" will trickle from it. Does the rise of country's 'GDP' no 'relevance' to the Summer's "erratic" and long "power cuts" that is forcing the 'Aam Aadmi' to take his 'frustrations' to the streets, 'summer after summer'. Is the 'GDP' digit not a 'connect' to the increasing gap in the 'Aam Aadmi's' affordability to the 'necessities' of life. Does a healthy 'GDP' mean deteriorating of "law and order" in the country.
I know being an 'Aam Aadmi', I do suffer form lack of intellectual growth. May be that is the reason why I keep believing that a true 'GDP' is not a statistically derived digit with a decimal,but a reality check that remains free from "dismal situations". In short for me a true 'GDP' is reflection of "Growth,Development and prosperity" of the 'Aam Aadmi'.
I am sure "Paul Anthony Samuelson" will forgive me for dedicating this post as my tribute to him and his unconventional interpretation of world economic trends and developments. He truly was the greatest "Economist" of our century.
"Paul Anthony Samuelson" passed away on Sunday 13th December 2009 at city of 'Belmont California'.
May his soul rest in peace and may my sense of "Economics" leap away from the thing called "Reality"..."Aameen"!

Comments

Post a Comment

Popular posts from this blog

AFRICAN SAFARI.....a Book Review

-
Image
  "African Safari" is an intriguing title for a book that nowhere talks of  any expeditions to animal kingdom in the jungles of Africa. This book is about a cigar smoking business tycoon , a multibillion and multinational conglomerate whose business interest goes beyond his inherited empire of liquor and beer industries and spreads across industries  as diverse  as Airlines, Pharma, Paints, textiles to name a few. The media across the globe dub him as "King of good times".  "African Safari " is the story of "Rana Kapoor" the business tycoon and his business ventures in the French speaking regions of Africa, a continent that is fast emerging as world's big time growth market. The book takes us through  intricacies of clinching  business deals.  It talks about how political lobbying and networking with people in high places and bankers collaborate and become a blue print for M&A  stories. The book tells you that stories of business ventures
Read more

Giving words to my thoughts...

-
Image
I  am returning to this space after 2 years and past 242 posts .It doesn't mean that I have lost my itch  for writing. I have always loved  scribbling words that give voice to the way I look at a situation, or to the way I feel about anything on the ground and under the sky. . My   view  may or may not matter  to the rest. However for me it remains a  mark of my own creativity. My creativity is more about visualizing things that  seldom see the light of the day.   Some call this  “Daydreaming” . I don't mind if people call me  a “wandering mind.” Neither I am bothered about the stigma called  “laziness” attached to it.  I see it as a tonic that energizes me  to think  beyond the realm of possibility For instance no matter how much  ever  I would have   chased my dreams  of becoming a corporate tycoon  I would never have been one simply because I would then lose the privilege and intimacy of being around with familiar and friendly faces sipping beer in crowded bar. I don't l
Read more

Who will win BIHAR .. 'Let the last Vote get counted'

-
Image
This Bihar election is the first major election since the Covid 19 pandamic disrupted the political calender and prompted sweeping measures for social distencing. The three Phase Bihar Poll for 243 Vidhan Sabha seats was completed on the 7th. The turnout for the poll as per media report was 58%. Today is the vote counting day. By the time the sun sets today , the dawn  of the next political regime in the State will emerge. Will this dawn usher in a new political 'don' or  the "Sarkar Raj" will continue  with  their  "All is Well " narrative for another 4 years. Will PM Modi, the over used "trump card" political campainer for NDA  be able  to push  back JDU- BJP led alliance once again into rulling Bihar for another four year terms or will he   concede defeat without playing and  crying foul.  Well whatever be the outcome of today's polling verdict, the politics of vendetta and vilifying the  poor will continue. The problem of unemployment, the
Read more