Monday, November 29, 2004

Economics of Life

During my 12th grade, I happen to read in economics (I actually did that....can u believe it !!!) that resources available to the society were always limited, in comparison to our limitless desires.





One question that's been bombarded me umpteen times: "What do you want to be?”or"Do you have an(y) aim in life??" (latter one being my dad's way of phrasing the same question....with the "y").

When I was 6 - 7 yrs old........I wanted to become just like the ice cream vendor who used to come every evening (not sell ice creams.......but to have all of them).

When I was around 11 yrs old ....... I was sure that my future was in gardening .......I had seen the gardner sit around lazily, chatting with his friends.......simple life........ no problems whatsoever

As I grew up Diego Maradona used to fascinate me.......I just wanted to become like him......what skill he possessed......outstanding!!!!

Then came Tendulkar.......Vishwanathan Anand..... the list goes on and on........

History had always envinced an interest in me........I always wondered how those historians, archaeologists etc used to come up with amazing discoveries. I wanted to be one of them.........probably ........probably even now.....

By the time I was in senior secondary the ocean of accountancy engulfed me.......... in the beginning I found it tough......but slowly got the hang of it......

Then came college hmmnnnn..... no........life aint that bad.....this is what I felt then........especially in the company of friends.........

And here I am......... almost on the verge of completing my MBA in finance...........

As I look back in the past , I wanted to be a lot of things. And I guess I'm no different from others. We watch action movies, and we want to be there, to do that. We see bungee jumpers perform astonishing feats, and we feel an urge to emulate them. Finally.........it is what we do in life is important........ not the one we left back.

Those options that went off into thin air were not entirely unachievable. But I just didn't opt for those.

Why?.......... It probably wasn't the best option to choose.

In effect, we all desire a lot. We also have a lot of options to choose from. But we chose some of them ......not all , coz we didn't have the time or resource to be in all of them at the same time. In other terms, we couldn't have bit more than we could've chewed!

And that's what economics is all about - the science of choice, given the infinite wants and limited resources!





Quite funny, isn't it?