Blog me...curiosity redefined

        I love beauty and economics, have always pondered over the similarities between the two. Yes, be it nature or economics or even life, it falls into the curve. The Bell, of course.        Beauty lies everywhere, even in a flower, colors, mountains, birds, women, child etc. It is how the eyes sees that matters. A curvy lady can enchant my eyes as much as an economical demand supply curve for me. It is pleasurable only after all the break even, isn't it?           Renowned statisticians say everything in life falls into the Bell curve. Be it count of dices over a period, heights, weights of a group of people, marks of a class/grade, life cycle of industry or a person. We do enjoy its peak as much as while growing. Once the peak is achieved, what about the downfall? Take for instance the Governments or kings that have ruled before. How long have they sustained in the peak is what matters.      Isn't...

     The world in the recent past has undergone arbitrage in terms of the labor. We saw the jobs move from developed countries to developing countries like India, China and other south east Asian nations. The competitive advantage these developing nations had in terms of their capability, skills were utilized to the maximum. This led to the developed nations to think why can't such a labor arbitrage happen within their own country? Aren't there few states where the laborers are comparatively cheaper than others within the country? Well it did work for short period as the economics of efficient resource utilization across the world would dominate in the longer run.      Now the situation is gradually shifting within the labor arbitrage but not in terms of geography but in terms of automated machinery (or robots) doing the same job at faster pace with better efficiency. Where does this lead to? My view is, we are evolving right now thinking that robots can ...

This blog is inspired and taken from the UPLIFT video on ' The Economics of Happiness '.       The Governments today are short sighted as they look for 5 years planning when they should be planning for at least 2-3 generations from us. In our pursuit of greed and getting wealthy we have lost our true purpose of being born. Human beings were born to preserve and appreciate the nature along with other animals in this ecosystem. We seemed to have forgotten it.        Economics in simple terms mean allocation of resources efficiently for all of us to sustain and survive in a better environment. Remembering that earth's resources are limited would help us realize our mistakes faster. We are to unlearn something in order learn something new. The focus of the industrialization has always been to make profit using people, which seems the unfortunate thing.        Mankind is supposed to become the caretaker of this universe. Are we? Ou...