i wonder if this is one of those nerdy days of my life..well here it goes. for the first time in my life i experienced this...
i have this paper, development of economic ideas. (for non economic students,google it for details) and this is my favorite paper this semester.(handled by Dr.Suganda and Dr.Jeyanthi).
its all about evolution of thought process in economics. i have always wondered how ideas shift from one to another. like from materialistic development to human welfare and now to economics of happiness. well after this paper i realized we don't actually think anything that s new. right from Plato there has been the same ideas and these are only being modified to the current situations. and this revelation is important.
for us to really understand what is happening and to an extent predict what would happen the study of history is important. and by history, i don't mean mugging up dates. i mean undersatnding the old culture to appreciate the indigenous value of each race; understanding the reasons for a war, and believe me, this is huge. the reasons have always been the same.. the only thing that s new is the warfare. more recent the wars, deadlier the weapons.
it is a pity that students in a country like ours don't give importance to history. we were one of the biggest civilizations with a well developed economy and trade practices (when our supposedly world power was still nomadic. we did the greatest invention ever, ie., number '0'. we have had such great economic thoughts and ideas with trade flourishing (a favorable BOP too). for the little indian kids out there, we have to be teaching them all these..not just to make them proud and patriotic but to teach them tat they should continue the tradition of prodigy.
and if u are jus rolling your eyes now and having this "yeah right" expression written all over your face post in ur comments (i ll help u in following the instructions given above for the indian kids)
