Chapter 16
The Economics is not
A Meta Physics
Not a Nuclear Physics
Not even a high school Physics!
It is a matter of common science.
A learning & thinking mind can find the hollowness of the economists who developed so many theories from the following story.
This explains why the economists around the globe graduated from world’s top economic schools could be stop the falling economy or reversing the same for decades.
The Cat story
that explain modern economics!
(Caution: This story is reproduced from the internet pages for the benefit of readers.
The author of this story, seemingly a good thinker and teacher, that he could present the modern concepts on Economics through a short story).
The concept is presented for the benefit of those who did not have a formal education or exposure on Economics.
One needs to read through it patiently to understand and capture the message.
I feel that, for most people, some additional inputs or explanations may be required to understand and appreciate economics.
You will find a Mouse Story, in the next chapter. that explain the essence of Cat story. So, those who find it difficult to understand may safely skip this chapter).
The story, “See The Cat”
by Fred E. Foldvary, Senior Editor.
A man was walking down a shopping street and came to a store window where there was a big drawing full of lines and squiggles. A sign by the drawing asked, “Can you see the picture?”
All the man could see was a chaos of lines going every which way.
He stared at it and tried to make out some kind of design, but it was all a jumble.
Then he saw that some of the lines formed ears, and whiskers, and a tail. Suddenly he realized that there was a cat in the picture. Once he saw the cat, it was unmistakable. When he looked away and then looked back at the drawing, the cat was quite evident now.
The man then realized that the economy is like the cat. It seems to be a jumble of workers, consumers, enterprises, taxes, regulations, imports and exports, profits and losses -