Economics of Love !

Having endured the torture that only curves (yeah, all u guys out there, curves are not always a treat to eyes!) of the countless (read useless) theories proposed by our eminent economists (why could you all not propose to your lady love instead of proposing these theories? Life would have been so much better for you all and us!), I could finally come up with some real practical use of eco in our lives! and I am not talking about economics that our dear manmohan singh/pranab mukherjee force upon us in form of inflation, it aint any you –have- ruined –our- country- manmohan-singh- n- Sonia- Gandhi blog, so hold your hippogriffs !

This aint any satire…not any insult to Dr Amit Sachdeva (author of the torture that I bear in my bcom!)…it is my humble tribute to my amazing(rofl) brain that came up with its silly versions of  applications of economics to remember the umpteen number of curves and to understand the enigmatic L word(love !) that plagues all my friends !

Concept 1- Monopoly

Monopoly means there is no substitute for your product! Now, it isn’t a practical approach anymore because your customer demands innovation and diversity! the kuch kuch hota hai theory of ‘hum ek bar jeete hain,ek bar marte hain shadi bhi ek bar hoti hai aur pyar,wo bhi ek bar hota hai’ is a thing of past now! There are substitutes for all the products including what you call ‘true love’! The only exception being Indian railways! I wonder if love could be compared to a train! Because you do have that JWM feeling of ‘aisa lag raha hai jaise koi train choot rahi ho’ when THE ONE leaves K
so, how do you survive? You invest! Time, if your product is love, that is! Else see your rivals taking over and you lose the market to somebody else…

concept2-Indifference approach to equilibrium

This concept says that if you are in equilibrium, you will be indifferent to all other possible combinations of products…you will have max satisfaction and would stop looking for ‘better’ products because you have what you want, within the limits of your constraints! If you really love the one, you would be indifferent to all other angelic beauties surrounding you because you have what you want and want nothing better! You are happy, you are content…if you are not, she/he aint THE ONE and you are not in equilibrium, dude!

Concept3- Law of supply

It is as simple as it sounds! Higher the price, higher the supply! So this is the answer to the million dollar question that haunts all the young male members of the Homo sapiens specie- why do girls act so pricey all the time! In desi lingo,bhaav kyu khati hain !arre bhai common sense hai ye toh !  If you are available all the time, you are treated like a pup ! Taken for granted! Kicked when not required and called upon when nobody is there !if you act pricey, there will be a higher supply of ily,I miss u from the other end ! believe me, all my successful(wrt relationships!) female friends use this and it is foolproof ! :D

concept4-Lemon problem

This is a beautiful concept ! if I put it in simple words, the bad drives out the good…I mean how long can you fool a customer to buy your lemon while you claim you sell out cherries? You lose the trust and hence the customer! The bad ones hurt and shake the faith and confidence of the good ones…the cherries(people who are honest and good) start believing that there are only lemons(people who hurt) in the market…and the cherries leave…they detach themselves and hence the end of what could have been a beautiful story between two cherries, had the lemons allowed them to meet and have faith in love! sad truth of life!
I totally agree with the greatest wizard of all times that it is our choices that show what we truly are, far more than our abilities, so why not choose to be a cherry ? it would make life so much simpler J

p.s.

1. This content is entirely aimed to do justice to the title of my blog-ROFL ! do not look for any moral because there isn’t any :P
2. All those who suffer at the cruel hands of the syllabus forced upon us(I mean buckminsterfullerene ajtak kaam aya kahin?!? But we had to read about it!)  by the ministry of education, try to make things interesting by relating it to anything of your choice! Let me illustrate! You can remember the structure of the main component(ethanol!) of what you enjoy drinking with your 3male(CH₃) and 2female(CH₂) friends and oh(OH) what fun it is, man!I am talking about alcohol and its main component is ethanol(CH₃CH₂OH) !lame, I know but there is no way but to bully your brain to enjoy such lameness ! this is how I endured chemistry and now bear economics:P
3. For those who have never had the (mis)fortune to read economics and the above stuff was greek to them, I would like to know about your theories on the dreaded L word,perhaps something like engineering of love! :P