Chapter 1
Economics of life
Without appreciating what is life all about, not only economics, any discussion about a society or science will be futile.
So, we asked a few men of knowledge, the Philosophers, “what is a life”?.
We are told by them, the complete answer to this question is long and winding. They said, for the purpose of understanding Economics, they gave a brief ideal about life.
Every life, they said, be it human, animals, birds or insects, has two part.
First is the body that consisting of metals, minerals, protein, fat, and almost everything that is in the earth below our feet, in minute quantities. The invisible air and visible water also becomes a small part of the above physical body.
This visible body makes an alliance with an invisible part called Life-force.
The seekers, the spiritualists are busy with understanding and dealing with everything that is invisible. So they are uninterested in our visible world just as our disinterest in invisible.
(We are not, for the purpose of discussions on Economics, concerned about both Body and life- force individually.
But, deeply concerned with the longevity and strength of the alliance between the body & life- force of every living. The economics plays a very important role in achieving the above objective).
Every living beings come under, what is known as, s life-cycle. The life-cycle starts with the start of the alliance between “body and life- force” which is delivered as a baby into the world.
The baby, grows under the care and guidance of the parent as a consumer. Along its growth towards adulthood, learns to perform an economic role in the society as either a producer or a distributor.
When grown sufficiently, known as an adult, get into a chosen activity to “produce or distribute”, a “product or Service.”
The mind of the adult suggests that, sooner or later I may loose the physical stamina to be able to either “Produce” or “distribute.” I would need material to live on till the body-life force alliance breaks.
If I have a child, grow the child into a strong producer of distributor, at my old age I can depend on my child for all my material needs.
The adult soon becomes a father and help the child to grow. As the child grows into an adult to become, either “Produce” or “Distributer”.
The adult father, grows into old and at some time the body-life force alliance breaks. Life-force goes back from where it came from. The body disintegrates into minerals, fat, metals and vanishes into the earth from where it came from.
This is the end of a life cycle.
The Philosopher refused to answer further question on life, such as (a) from where the life came? (b) Wh