Knowledge & Economics
Knowledge is a necessary ingredient for efficient
production of goods. Also it is necessary to
create newer products and newer services for
the consumer.
In an ideal society where wealth generated is
distributed to citizen in an equitable and just
manner, most common man routinely produced,
distributed and consumed.
A few among them, the more knowledgeable
among common people developed newer
products and services would do.
But we are in a time where more knowledgeable
grab the nation’s wealth leaving a negligible
wealth for a large population to share.
1. Anatomy of Economics
The only way to have a healthy economic society
where the producers get their fair share of the
nation’s wealth is through an education system
that delivers Learning & thinking skills.
Knowledge comes from Learning & Thinking.
Learning
What makes the difference between:
(a) Rich and a poor in any society ?
(b) A criminal and a Saint?
(c) A leader and a Follower?
(d) A Master and a Slave.
Some might attribute the difference, to Fate
of the individual, some others attribute to the
luck. But if we honestly examine, we will trace
it Knowledge.
There are several opportunities in life to acquire
knowledge. (a) our own, good and bad experiences
can teach us. The difficulty is that It takes a long
time and painful to endure bad experience, (b)
Experience Of those around us, is the best way
of Acquiring knowledge withhout pain, (c) Great
thinkers of present and past Written down the
essence of several experiences which you can
read / Hear and get them. This is both quicker
and rich.
Education systems, give us the Linguistics
skills so that we can read and learn from the
words Of Wise men among our ancestors.
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The role of Education
We are all learning even without going to school.
With a formal education. the pace of learning is
faster and quantum of learning is larger.
Education is a method of Fast-tracking the
learning. Here the students are equipped with
multiple language skills. More the number of
languages we learn, the opportunity to learn
increases.
When one society employ method to make their
citizen learn faster, it becomes necessary for
other society to follow. Strength of a country
depends on the aggregate knowledge of its
citizen.
The ideal period to start a formal learning is
childhood.
The knowledge has four steps,
(1) The ability to remember all that we learn.
The poor has the lowest ability to remember.
(2) Pro active steps to learn from various sources
of information, filtering the irrelevant ones and
retaining the informations that is relevant to our
lives and goals that we seek to attain.
(3) Processing Information
Learning give us enormous information. But, our
ability to (store and recall) remember if finite
and small. With the arrival of new information
all the stored information melts away.
1. Anatomy of Economics
(4) Information cannot be used directly. When
the knowledge is extracted from information
and stored it is quicker to use and also require
very little memory.
So, it is necessary to extract the essence called
knowledge from the information that we
gather, before they are forgotten.
What is knowledge
An analogy: If flowers are compared to
information, the scent or honey in them is the
knowledge.
Said in a different way, it is a and short & crisp
list - “Problem - Solution” pair.
The conversion involve several processes which
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most education system is unaware of/.
The processes necessary for converting
information into knowledge is known as
Thinking.
Various people, knew one or more of these
processes, naturally. Often the environment
in which one is raised contributes to these
processes, greatly.
We stop at the discussion of Education and
Knowledge with the following statements.
(A) The knowledge is the essence of information
that it quick to apply in unusual life situations.
Necessary to solve problems, take crucial
decisions in our favour, prevent a possible loss
due to a wrong decision or a wrong move.
(B) When more than one process is applied on
information around us, we can extract more
knowledge.
(C) Less knowledge leads us to life full of problem.
Higher the knowledge one is freed from poverty,
slavery and deprivation.
More detailed discussion on Knowledge and
the processes to convert information into
Knowledge.
(D) Every academic institutions deliver
Information and test the student’s ability to
retain the same for up to an year.
(E) The right education is essential for the society than the Right-To-Education.
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1. Anatomy of Economics
4. Internalize Knowledge.
Even the knowledge, so acquired could be lost
with time or with new knowledge that we get.
In order that the knowledge is not lost and also
be able to apply through sub-conscious mind,
the knowledge should be internalized.
Internalized knowledge can be called the
Wisdom.
Further discussion on Education and knowledge
can be found in the ebook:
Knowledge. Go, get it.
Conclusion:
With changing time, every person require more
material for living. There is immense wealth in
any society,
But there is an unceasing competition among
people in the society to grab as much that their
Learning & thinking abilities allow them.
(1) Those with the highest ability to learn &
think, corner the most of the wealth in the
society.
(2) The poor, with very poor ability to Learn & think, ends-up an insignificantly low share from
the nation’s wealth.
(3) Others, with varying extent of Learning &
thinking abilities, acquire the nation’s wealth
proportionate to their learning & thinking
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Economics Basics that every citizen should know
levels.
(5) The Men-of-knowledge popularly known as
Sages Siddha, Sufi, Zen Masters do not take part
in this wild chase for material, for they realize:
(A) Wealth beyond basic needs do not enhance
one’s happiness, life span or any positive aspect
of life.
(B) They men-of-knowledge, even if they have
children they do not corner the wealth and pass
it on to them. This is because, they realize simple
truth that :
The Idea of Me & Mind are illusions.
(C) Nothing follow us, after one’s life comes to
an end. The only exceptions are the sins we
commit in this life in our craving for possessions
and positions.
The men-of-knowledge aver that the sins that we
carry along determines the roles that we play in
the next successive births,
More on this can be found in the discussions in
the following title:
1. Anatomy of Economics