This subject has been an enigma to me and I call it freakonomics.
Why does a prostitute earn more than a President of USA?
It is because the services-life cycle(SLC) of a Pamela Bordes is less than that of Bill Clinton.The Tiger Woods case is pertinent that women are as polygamous as men,hedonism,money,property,savings,investment,stock markets speculations,Swiss Bank Accounts tells all.
In India 40 per cent of our GDP is Black Money Economy(Prof.Arun Kumar,JNU,Oxford University Press,2002-The Black Money Economy in India).
Me,Aurnob Roy,Ever since a child of the 1970s,teenager of the1980s,young adult of 1990s,and maturity of the 2000s and beyond I believed in markets,marketing,marketers.
However,due to man’s mistakes in decision making all systems have failed due to strong greed for mankind in hoarding.Have it all and eat it,too, mentality,motivations for private property assimilation,little weightage to public goods,merit goods,taxes to governments because implementing authorities are corrupt can change decisions in your favor if offered some ECONOMICS Viz.MONEY,that’s why, we have 4 billion rich poor and 2 billion rich people.No one knows entrepreneurship as success rate is 10 per cent.Most big Corporations survive and play till 70 years life’s span viz.PARKER,GE,GM,ABB,FORD,COCA COLA,PEPSI,MACDONALD.66 per cent of FORTUNE 500 Companies eclipse every year? Why because as Tom Peters and Bob Waterman mention that only 10 out of 100 companies survive in Business World Globally and give their Case Studies from 43 Companies,in their 1982-Bestseller Management Book-On Research “In Search for Excellence” which in 2010, was popularized in India by Chetan Bhagat,”Five Points Someone” and Amir Khan in IIT,Delhi and IIM-Bangalore shooting,the Film “3-Idiots”.
Economics tells us about Business Cycles of Inflation, Recession, Depression,Uptrend and Downtrend,STAGFLATION, like the Waves Of The Sea, when I stand at the Juhu Beach in Mumbai.
It is said, that to economize, means, to optimize, get the best from your Budget or a Nation’s the Production Possibility Frontier- PPF.If you wanna get more than go for Globalization through Trade and setting Businesses abroad.Like India’s 150 Multinationals.
The greatest failure remains.The distribution system even Karl Marx,Frederich Engels,USSR,Romania,Hungary,Yugoslavia,Czechoslovakia,Cuba,Austria,North Korea could not end the economics of deprivation.The Economics of Hunger.The Economics of Unchoice.
The jobless growth characterized by technological superiority and change management of research and development has given us coalition governments contract jobs,seasonal jobs like the 2010 Commonwealth Games in New Delhi,like the thousands of crores invested on Raj Path like multiple Crossings and Statues of a Chief Minister of U.P,Ms.Mayawati.How many statues of himself did President Clinton,California Governor Arnold Schwarzenegger,President Bush had?
We need job-led growth.
We need Economics of Reason and not Economics of Unreasoning.
In the distribution system in the global arena from Africa to Afghanistan to India to Pakistan we have to focus on Economics Led,Jobs Led,Education in Skills Led Growth with new markets capturing and extend markets from urban to rural and village hinterlands but first Education holds the key.
This can solve terrorism because the unemployed go for terror.There is no freedom of choice……….


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