amateur-ly anonymous

i don't want to die washing a tea cup.

Barack Obama legacy: Did he improve US race relations?

Pen power: China closer to ballpoint success

meta-theatre weekend

Is ignorance really blissful?


Just what is Economics? I am not of course the best suited person to comment on the general perception of what the subject is about. But here is what I have gathered after being acquainted with it for about a good four years. (Note that the four years is not a degree programme)

Economics is the study of allocation of resources. There is a need to allocate resources efficiently (someone has to do the job) as scarcity is fundamentally the problem of civilisation. Scarcity, is a problem of having finite resources to produce goods and services of a limitless variety. It addresses humanity’s cascading desires which conspicuously stems from greed (how ironic). Economists then, have to engage in a rational decision-making process to decide what to produce, how to produce it, and for whom to produce. The factors of deliberation may seem too unsophisticated to pass off as the cornerstone of a thriving economy. Unless you delve into this intricate and delicate engineering to seek how terms and illustrations convene and weave themselves into the concept of Economics, you will, unfortunately be stuck with believing that Economics has no major role to play in establishing a society or a country.

And then i forgot the purpose of my attempt to deconstruct economics…

never ending philosophy

if there is one thing life should grant us, it is the time to read all books ever written.