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Perhaps George W. Bush nurtures the visions of being the 21st
century’s first global emperor? Not satisfied with being the
elected potentate of the most powerful and prosperous nation in
the world, the man wants to grab even what the less fortunate
possess. He, or his successors, might well succeed in building
the largest-ever empire, but one must remember what the late
French writer, Baron de Montesquieu, once remarked, "An
empire founded by war has to maintain itself by war."
Aligning the
Economic Cycle with the Time Cycle
by Charu Bahri. Writers
Club Press, New York. Pages 102. $ 11.95.
Time and economic
thought are related. Or so declares the author. The book says
that there are, broadly speaking, two types of people: takers levtas
and givers devtas. Takers believe in the linear nature of
time. In other words, they feel that an opportunity to take, if
missed, will never come back; so take what you can — making
the most of a favourable period of time. Such people always feel
insecure. On the other hand, greed and insecurity do not affect
givers. They do not hoard money, and, instead, contribute to
general prosperity. Even though Bahri has studied and quoted
various thinkers, very little empirical evidence appears to have
been collated. But then this is a slim volume that attempts, to
the best of my knowledge, a new genre that perhaps could be
called Philosophical Economy. As the US economist, Milton
Friedman remarks in Essays in Positive Economics,
"Factual evidence can never ‘prove’ a hypothesis; it
can only fail to disprove it, which is what we generally mean
when we say, somewhat inaccurately, that the hypothesis is ‘confirmed’
by experience."
Charu Bahri points
out that both time and economics are inter-linked by their very
nature, viz., the cyclical repetition. However, in order to
understand time a "clear understanding of the self" is
imperative. The self rules the mind, the thought generator.
Thoughts are followed by actions. The feeling of time passing
can only be experienced in the mind. The author has tried to
marry the dismal science with esoteric philosophical and
metaphysical concepts like time, space, etc.
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