Posted in Miscellaneous

Economics – My Definition

This thought occurred to me last night and I think I have managed to capture the essence of the same. I quite believe that ‘Economics’ is an overrated field of study and as a result, have very little respect towards that field.

The field of Economics is all about creating an illusion of building a promising ‘future’ through forecast theories, based on speculative hypothesis, derived by extrapolating discrete & mutually independent historic events over assumed known variables – all without having to bear the burden of proving any of its theory whatsoever, as it can always take shelter behind many kinds of ‘unknown variables’.