My Journey into Economics Part 2 - Classical Theories An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today. - Laurence J. Peter In Part 1, I laid out some key glossaries and here I want to write about some classical economic theories in a simple format. Obviously this is to offer a big picture to consume theory in less than a minute.
I have some basic idea of what economics is, mostly from reading news. Apart from that I don’t know much. I was asking to my ex-collegue on what is Stock and how to start investing. I googled a bit in parallel. He guided me into this journey. For me, stock is more of a practical way to learn the market. I learnt that I am not a theoritical person. You learn by doing is my way of learning a thing and read theory when you need.
“What you don’t know, you don’t miss” — Cecelia Ahern Do you say, “I don’t know”? We rarely say and if you observe it is mostly to our inner circle. It is the place you are not being judged. We feel confident when we are not constantly being judged. We all want to look good to others. Furthermore, we dress to impress and tune our body language to look confident.
I wrote something like this back in 2020 during the peak pandemic. I want to write something I collected from then and put it down here. Processes harden into routines. When company decides to do something new, employees try out different approaches. But once it is locked down we don’t try to change much as it increases productivity and predictability. But established process have life of their own.
To know why, we have to start the story from Ashoka and his edicts he installed all over India back then. Brahmi script is base for all Indian languages that is in use. Popularly known as Stick Figure script. This is an earliest writing system of South Asia, India after Indus Script. This script is adopted for Sanskrit, Prakrit, Tamil in its own way. The timeline of origin of this script is debated by scholars.
This is a guest post from my friend. I know this is first of many. I am excited that my friend decided to give a try in writing. He has chosen to remain anonymous. He lives in India with his wife and a daughter. Furthermore, he recently had a trip with friends. This article is his perspective and what he gained from the trip. By the way, this is his first time writing an article or post of any kind out in public.
It’s always, “All About People” The world we live in today often fails to recognize the value of human beings Month of June was rough for our family with back to back illness. We were down and tired. I assume most had their phases like these. But then I organized a small mini party for my daughter’s birthday. A close group of people. 4 families. Few I knew in last couple of years and few bit more than that.
Envy kills happiness. By comparing ourselves with others takes focus away from oneself. By complaining, we forget to fix ourselves first. In my native language Tamil, there is a work of ethics and way of living - Thirukural ( one of the best collection of work on ethics and morality). In fact, I made a website for my own reading - https://randomkural.herokuapp.com ஏதிலார் குற்றம்போல் தங்குற்றங் காண்கிற்பின் தீதுண்டோ மன்னும் உயிர்க்கு. (190)
I personally do not have a routine. But I am seeing every single productive pundit out there is recommending to have one. It helps reduce the decision fatigue. Agatha Christie’s (a popular English writer known for her mystery novels) hero - Hercule Poirot, a famous fictional detective, always insist on method and order. He will have his routines and process on how he approaches his murder cases. It helps him to have a mind which is like a still water.
I thought I should title this “How to make effective decisions ?”, but sounded like click bait. But rather true to the content of this article, I mentioned, “Decision Fatigue”. This is real and many don’t realize this. Do you know why Mark Zuckerberg wears a monotonous grey t-shirt, or why Steve Jobs used to keep his morning routines almost the same ? They are all trying to avoid making decisions when then can.
I use to quote in my workplace, “OLD is GOLD”. It doesnt mean I support all the old things, but we have to learn all the lessons we got from the past and use that to move forward. In similar vein older people have a radically different view point than the younger folks. Old people have seen life and again it doesnt we have to take everything but certainly if you talk to many old folks, you will see a pattern.
Many people might have heard of language Sanskrit. It was recently I personally came across language named Avestan. Before we dive further, I want to draw out this quick language chart for your reference so you can follow along. If you notice, Avestan and Sanskrit had a common ancestor. It branched out while retaining some traits. Languages affect cultures and vice versa. Old Avestan is quite close in both grammar and lexicon to Vedic Sanskrit, the oldest Indo-Aryan language (Most of the Vedic texts are written with)
Of course I browse Twitter, favourite way to spend time in an unproductive(mostly true!!) way. But I did come across some fascinating parts of history. So, thought to put them together here. Let’s go. Eiffel Tower Eiffel Tower during construction. 1887-1889. pic.twitter.com/QajO8H9xcN — History Defined (@historydefined) May 29, 2022 Roman Facial Cream 2000 year-old Roman face cream/lotion. Dating back to II AD. Object was found in the temple complex dedicated to Mars.
You might think that’s a straight forward question. It is an animated cartoon series, with vivid colors and ear warming rhymes that revolves around a small baby JJ. In year 2020 cocomelon YouTube channel had the highest viewership traffic. It is also the top watched series in Netflix. Would you believe that ? They make $11 million in advertising revenue. Don’t doubt it, as they have 2.5 billions views every month on YouTube.
I wanted to learn about Lithium and its future. Personally all I write in this article is much browsed and written for my future reference. I learnt a quite new in here. Hope you too. World you can say now relies much on technology. Increasingly any kind of business now rely on technology in one way or the other. There are many contributors to it. More underwater cables, powerful and cheaper devices (computers, phones ), Automations ( think Robots), Cars running with software products on it (think Tesla, Electric Vehicles, new version of cars).