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Let Kautilya be recognized as father of economics in place of Adam Smith
Economics as the queen of Social Sciences has some battles to fight for the common man, the Aam Aadmi of the politicians who divided masses in to the classes. Politics divide people but economics unite people which need to be read, understood and used by one and all in all walks of life.

There is an urgent need of redefining economics by clearly conceptualizing and differentiating between 'Needonomics' and 'Greedonomics'. There is a case for making the subject of economics easier to understand, analyze and interpret the issues of relevance for a common man (Aam Aadmi).

The students should read the life history of ancient economic thinkers like Kautilya who needs to be recognized as father of economics in place of Adam Smith A student can think as an economist to solve the daily problems faced by him/her only if S (He) understand the essentials for an economist who has a bright future in all times to come with enough employment opportunities in and out of India.

An economist is one who can ensure supply on demand, of course, at a price. This calls for understanding the concept of demand, supply and price at the very beginning. Further, to popularize the subject of economics, we need to understand it as a real drama in which consumer is the hero who is after heroin in terms of goods and services.

Anybody and everybody who creates hurdles for the hero to get heroin are termed as villain ranging from producers to retailers in the market. An economist should possess numerical ability, good analytical power, excellent communication skills, logical thinking and clarity in thoughts.

A course in Economics opens career options in government agencies, business firms, non-profit organizations, and academic institutions. Newspapers provide economics graduates with opportunities to write reports on economic and business events. Economic Journalism and development communication is the wonderful career opportunity for which there is enough scope in print, radio and TV in present times.

Globalization is the panacea for solving the Indian economic problems including unemployment for educated manpower. It possesses enough potential for exporting services of manpower in economics under the provisions of Trade in Service clause of W.T.O. regime.

Economics without ethics is like eyes without sight.

(Dr. MM Goel is professor of economics at Kurukshetra University, Haryana)

Editorial NOTE: This article is categorized under Opinion Section. The views expressed in this article are solely those of the author and do not necessarily represent the views of merinews.com. In case you have a opposing view, please click here to share the same in the comments section.
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