Dr Rajiv Desai
An Educational Blog
MONEY
Money: _ ____ Section-1 Prologue: Somebody once asked the late bank robber named Willie Sutton why he robbed banks. He answered: “That’s where the money is.” Money is something we encounter in every facet of our daily lives. The first thing that springs to mind for most of us when we hear the word “money” is coins and banknotes. We talk about “making money” when we refer to our income. We say that we are “spending money” when we go shopping. For major purchases we sometimes have to “borrow money” by taking out a loan, either from someone we know or from a bank. It is no accident that the term “money” gets used in so many different ways: it is a reflection of the myriad functions that money performs in our economic lives. _ Money is one of the fundamental inventions of mankind. Economists say that the invention of […]
ECONOMY FOR PEOPLE
ECONOMY FOR PEOPLE: Prologue: Despite being an intelligent doctor, I could not become rich because I did not compromise between my way of thinking and the thinking of others in my environment no matter whether others include spouse or family members or patients or friends or courts. I could not become corrupt no matter how many opportunities came in life. I know of many doctors who became rich by simply buying and selling lands rather than medical acumen but I could not even do that. I was perceived to be weak in economics by both friends and foes alike. I work in government hospital on contract basis and get rupees 30,000 per month as salary wages. I earn this money because I got MD degree and 23 years of experience in treating human illnesses. The money is paid by the people of India. Do all the people pay? No. […]
