Making Sense

They say it makes the world go round , naturally I find economics quite interesting. I never knew one could find logic in money, one could study it.What is there you buy someone sells , never thought of it. In intermediate there was commerce as a stream but I never thought of it. In Engineering first semester there was a paper called Economics and a theory Diminishing Marginal Utility , back then I found it mildly interesting . When you have a lot of one particular thing you tend to value it less, but when the quantity you have diminishes , you suddenly find it interesting, you tend to value it more. The quality of the thing remaining same , your outlook towards it changes.

What fascinated me was this parallel in our lives, Something totally unrelated, a non commodity called love. There are times when it is in abundance it is taken for granted now in Hyderabd, not been Home for the last 4-5 months I yearn for it. There are other examples but this example is the more politically correct one right now. Thats human tendency always greedy, not valuing something in the pocket, but looking ahead for the next one. I am not saying the utility or the value of the thing you have changes You still need it, I am merely commenting on the appreciation , reciprocation to the value, which is elastic.

correlations like this in totally unrelated fields excite me, The promise of a common unifying guideline, a unifying principle that you can apply to any field and still makesense of it. One just needs to identify the actors and their interests thats all.After reading Freakonomics and some introductory material on Beheavioural Economics , I can say with some conviction that any understanding of the world and its people is incomplete without a fair dose of Economics , its not the only thing that makes the world go round, but it is to a large extent, there can be very little competition to it.