Blog me...curiosity redefined

     Adam Smith was a  popular economist whom most of you would have heard of. His famous book 'The wealth of nations' (1776) is a renowned on how nations can build wealth (mercantilism), what government can help nations build wealth thru free market economy. I believe his ideas are even today implemented by corporate to create wealth and by Governments to implement policies to make a economy free-market based. But little did all of us knew that this method of creating wealth only had an adverse impact on our natural resources. Photo courtesy - Internet      Few of us knew his book 'Theory of Moral Sentiments' (1759) was more apt to sustain the natural resources...in short doing business morally rather than keeping wealth as the primary motive. If only this theory had popularized over the principles dictated in Wealth of nations. I personally believe in the next decade, we will see this change happening across the organisations, Governments and S...

Ready or not Make it a knot All it takes is fake a plot Don’t miss the spot Just sit and find the blot Feel the slot Fill it with a shot Make it a pot That sells, if not rot

     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 ...

     Our world just consists of the things we see. Could there possibly be a world of illusions or dead people? What if we have not experienced it yet? I heard that hypnotizer usually rely on this world to change the pattern. If so, don't you think our reality sucks. Fantasies apart, wouldn't it be just great to travel outside our box and venture in to unknown?      If the above fascinated you enough then you should watch this movie ' Beyond Reality '.          Video courtesy - Youtube. A good movie which keeps you on the edge. Enjoy it.          

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...

        At the end of the day, what matters is if we are giving back an ecosystem that our children are proud of? In simple terms, can the air they breathe, water they drink, food they eat be of good quality as we do now?  In our pursuit to compete and outsmart one another, we are destroying the natural resources that are available to us. At this trend, what will our next generation have? Hope you don't want them to rehabilitate to Mars or find another galaxy like milky way in another universe. Photo courtesy - Internet         What can we do to avoid this? At the corporate level, can we imbibe the values to conserve and protect our depleting natural resources? Should we follow the Bhutan way of carbon-free country? If so, our understanding of economical progress will be wrong. GDP or GNP will not an appropriate index to measure economic progress instead we need to look for Gross National Happiness Index(GNH). As simple as our quality o...

        Grammatically it is just a preposition that is the difference - 'For' or 'In'. Would it make a difference? Lets understand it from economic stand point of view. Way back in 2014 when Raghuram Rajan was Indian RBI governor, he suggested that ' Make For India ' would be a better strategy for India rather than the PM Narendra Modi's 'Make In India'.  Primarily this was because India has a high domestic consumption and demand driven due to its demographic advantage (average age of Indian population being around 28 years).         It is obvious that India does not want to become another China whose economy is driven by huge exports and investments. The proportion at which Chinese companies production to consumption is way too much and this leads to export driven economy. On a contrast, Indian economy is driven by its domestic consumption. 'Make In India' approach might lead India to follow the foot steps of China by exporting the surplus...