“Economics is a study of man in the ordinary business of life. It enquires how he gets his income and how he uses it. Thus, it is on the one side, the study of wealth and on the other and more important side, a part of the study of man.”
– Alfred Marshall, Principles of Economics
This definition, which I studied way back in 1973 as part of my first course in economics, captured my imagination and attention and anchored my interest in the subject. Economists after Marshall broadened this view to state that economics studied ‘human behavior’ – specifically how man tries to satisfy his needs, wants, and desires consuming resources which had alternative uses and were limited in availability.
This blog is, though not specifically about economics, about the ‘ordinary business of life’. It’s about issues we face – our needs, wants, aspirations, and problems – our common experiences and search for solutions. Creativity and innovation are the key to finding satisfactory solutions to the issues we encounter and the tools for finding meaning in our existence.
Since the scope of this blog is a bit ambitious I’ll try and stick to topics that I am familiar with, interested in, or hope to gain knowledge about. I hope to share my experiences, knowledge, and interests here. Hopefully you will be able to identify with its themes, and share your experiences and wisdom so we could mutually benefit from our interaction. I might, occasionally, throw in some nuggets of wisdom from wise men/ women, or anecdotes from those who can tickle our funny-bones.
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Okay, so what are the issues that drive us?