“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.
“Economics is the science of stating the obvious in terms of the incomprehensible”
This blog isn’t specifically about economics, if that’s a relief; but it certainly is interested in examining 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.
The scope of this blog appears a bit ambitious. But I’ll try and stick to topics that I am familiar with, interested in, or hope to gain knowledge about. The objective here is to interact and share our experiences, knowledge, and interests for mutual benefit.
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