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A Natural Economic Guidance

A Natural Economic Guidance

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Published by heyalipona
Read it.............only 2 pages man!!!
Read it.............only 2 pages man!!!

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Published by: heyalipona on Mar 09, 2010
Copyright:Attribution Non-commercial


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Economics is such a subject which can’t grasp a long way of comprehension without proper understanding the surroundings in which it is studied. The more it can analyze the cause & effect, themore it becomes reliable. As it deals with the phenomenon of micro & macro level environment, it can’t but address several other aspects which are not directly in accordance with economy.It will surely be a great fallacy if someone tries to define & resolve economic notions by utilizingthe mathematical tools only. The first & foremost objective of economics is to understand the economicstate of individual and/or mass. But psychologists tell us that human being is the only animal in the faceof the earth whose behavioral pattern is the most complex one. Eminent personality Dr. Akbar Ali Khanindicates this in this way
“Most of the time people are rational, again most of the time they don’t bother any logic.Everyone has some paradox complexities in him. Most of the time they don’t even know that.They try to draw a conclusion based on few experiences. Again there are many who never change their minds in which they have faith although a chunk of logics & evidences are presented against that.”
The solicitude of economics is nothing but the understanding economic-life of human being. As Imentioned earlier that this economic activities are influenced by so many other things rather than theeconomic notions only. Swert Mill
gave an idea of dealing with economics in 19
century. Mill realizedthat economics can’t explain the whole entity of human beings. According to him, to analyze theeconomic explanation, segmented definitions are enough. This segmented definitions of human economicactivities are agitated by overall environmental factors. This particular way of judging has been addressed by eminent economist Dr. Mahbub Ullah
in the preface of one of his book:
“I believe that the worthless trying of presenting economics in the shade of science has ruinedits ambrosia to a great extent. I do believe that in case of discussing economic dealings, therecome
history, sociology & philosophy
as obligatory factors.”
So it is clear from the above discussion that its not possible to confine the economic activities of human beings within different assumptions & equations. History can be repeated through out thegenerations. So an event occurred in the past can be a resolution or some kind of guideline for handlingthe problem. On the other hand,
 sociology & philosophy
do a mammoth job in keeping symphony among
the working forces in an economy. Sociology & philosophy are more in accordance with the morality of the people rather than the laws & regulations of the country.The discussion-elements of “sociology & philosophy” are generated from some
 social mannerism, hospitability, altruism
affect our way of living as well as our economic outcomes. Youcan address these values as
‘natural economic guidance’.
These are exercised by the countrymen learningfrom his or her environment. These values differ country to country, society to society & family tofamily. Say for example, if I am being reared in such a family, where family members don’t have
respect  for each other 
, then it’s quite certain that third parties will not get proper treatment form me in thisrespect. People of this subcontinent region has a reputation of having well
‘family compactness’ 
. Human being is called ‘social animal’. Why? Because they share, they respect & they care about one another. Butthis sharing & caring for others doesn’t require any ‘
cost-benefit analysis’ 
. You never grant a single Takato a beggar expecting to receive some benefits from him in the future. At the same time there are somevicious ‘human beings(!)’ who don’t even care of their own parents; keep aside the altruism for others. Soit can be deduced that the more you are self-concerned, the more the greed persist in you, the more youare parsimonious, the more you are selfish & the less is your self-sacrifice, the less your altruism for others. All are inter correlated. Today I am going to focus on effect of ‘altruism’ only here.Once I heard a quotation: “foolish learns from his own mistakes but wise learns from themistakes of others”. Have you ever pondered why suicide rate is enormously higher in all the developedcountries? What are those scarcities, which seduce a bulk number of young, energetic people to die? Doyou know that Japan is in the top position of the list? Have you ever thought about what will be theeconomic consequences of this destruction of huge working force in the long run? Do you know thatstudy shows this depression arises from their 
 family & social life volatility
? Do you know that in thosedeveloped countries(!), people are living in such a society, where they don’t even know their neighbours? No passionate sharing & caring. Boy friends & girl friends can share only a part of life, not the genericform of life. Human life is not confined only in that circle. There are so many things behind the horizon!This is the reason why I have named those values as ‘
natural economic guidance
’. These factors arenatural & fits the living-style of human being. If you want to do otherwise, you will just be perished. Andhistory confirms that those who goes against nature, nature punishes them. Sometime this punishment isso severe that eternal-generations are suffered for the committed sins of their forefathers.
A study was conducted in USA to analyze the concept of ‘
homo economicus
(economic man)’and there it was found that students of economics are much more selfish than those of who don’t studyeconomics. They are more concerned about their self interest like the ‘economic man’
.Dr. Akbar AliKhan says
“…...it is proved that students from economics seldom believe other people. So their assistancewith others is limited. They are selfish like economic man. But those who have not studiedeconomics are less selfish.”
Haven’t you studied economics? Are you selfish? Theoretically, you are! At this stage, we havecome to know that the more a person is self-centered, the less the value of 
in him, the less hecares for others, the more his contribution of producing dejection for upcoming generations, the more hiscontribution to social & economic distress in the long run. See! How much is your present stateresponsible for future consequences?One may not be able to comprehend this situation in the first time. But things will be distilled tohim if he applies ‘
law of large number 
’ here. Think about a society where all are selfish. What will there be then? There will certainly be ‘
 free-riding problem
’. Will there be any social harmony? (forget aboutlaw; as I said birth of morality is not from laws). What will happen in the long run if social harmony break down? Try to get in to the midst!We are hankering after self economic development. In attaining so, we made ourselves so busythat our family lives are being ruined unconsciously. We are so busy that we don’t have time to think of others. We are so busy that we are loosing these norms & values gradually. Only economic growth won’t be able to bring peace in the society as you see USA is far behind listed from Bangladesh in the peaceindex, published recently. Isn’t it the high time to realize the fact? Isn’t it the high time to learn fromothers’ mistakes? Isn’t it the high time to be wise? Think today as if there were no tomorrow!

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