Socionomics

"One man with courage makes a majority"- Andrew Jackson.  So does nitish!!! Nothing could be more heartening for a man living in the world's largest democracy to see  developemental issues win over casteism and petty politics in Bihar.It reaffirms one's belief  in democracy and in the cliched expression that ballot is more powerful than the bullet. Bihar,as a state had long been marred by myriad problems such as casteism, corruption at all  levels, a widely underdeveloped infrastructure & even natural disasters like floods.The only  industries that seemed to flourish during the past two decades had been those of extortion , kidnapping and mass massacres in the name of proving caste superiority. Every single representative sitting in the legislative assembly did seem to be struck by the lure of  corruption. The MLA's competed among themselves to amass as much wealth as they could in every single way possible. But then a king is a king and here also the king, th...

One can easily notice the spurt in the common man's interest in the fields of economics and  finance in the past decade or so, which has been fuelled by a number of factors. One of the  important attributable factors among them is the relatively simplified economic theories  presented these days by the contemporary economists such as Thomas Friedman,  Malcolm Gladwell, Steven levitt,Nassim Taleb et al, who rather classify themselves as popular economists.   Among those theories, some of the most interesting or rather amusing ones have been compiled  below. Amusing though, one cannot deny the veracity of the logics upon which these theories are  based: 1.Latte Factor:- The latte factor derives it's name from the famous hot coffee drink and has  been given by David Bach. It is used to describe the seemingly small daily expenses like  latte,cigarettes,magazines etc. which add up to a significant amounts over time.David further  argues that one can end rich, just by taking care of ...