An open letter to Economists
Dear fellow Economists, Till now you guys have been awesome. Macroeconomics, Microeconomics wait, your theories on rational expectation, just blows my mind. Now with these tools, I can manage my pocket money even better than I was doing as a child. Also, your theories of intertemporal choice, when coupled with the theory of permanent income hypothesis was a giant nail in the coffin of everyday spending. But, when I come to market failure I am startled. In externalities, you guys used Cow for “Tragedy of Commons”. Seriously Cow, I mean have you guys lost your mind. I ask why? why? why? you could have taken goats, sheeps. But wait some of the vegetarians mustn't have liked it. Else you could have taken Koala, they seem cute and cuddly or penguins, those happy little creatures eating fishes in the frozen land of Antarctica. You guys could have taken Dolphins or sharks or whales or even some Desi variant of some fishes. (I bet only some of would have objected it t...