Tuesday, November 17, 2009

An ode to Economics

by, The Sanctimonious Fanatical Pickle

economics is,
a lover's quarrel
at best;
a painful divorce
otherwise.

cost and benefit
our star crossed micro-lovers
their fates sealed
by the evil clutches
of economic profits.

their love is ephemeral;
when for one short period, cost
equals benefits
and the world temporarily settles
for normal equilibrium profits.

but mostly the greedy
functionalities
of supernormal profits
dominate - powerful forces,
we like to call externalities.

economics can also be,
an artist's master piece
at best;
a child's textbook doodle
otherwise.

how else can we explain?
the pixel perfect picture
of an open market
full employment, low inflation
like a happy family portrait

then,
cleverly justify,
the rising prices of goods,
the rising cost of unemployment
the continuing economic conundrum.

keynes, milton, fisher and modigliani
and many before, many after,
have tried and tested;
to explain the unpredictability of
behavioral economics.

at the end of the day,
we learn it because
we have to; but after graduation,
we forget all about it
because we need to

this is not a tribute,
not a testament,
not an eulogy
but an ode,
to the science of society.

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