Saturday, March 29, 2008

dummies for freebies

"There's no such thing as a free meal". Introduced to this economical concept in my early college years, I found myself clapping ecstatically as I sat in the lecture hall, pondering on the rationale behind it. The "Big Bang Theory" didn't really sparkle for me, but here's where Economics and I had a moment of intimacy. Shucks! Brilliant dude - whoever came up with it.

An online buddy,Wikipedia quotes:
It demonstrates
opportunity cost. Greg Mankiw described the concept as: "To get one thing that we like, we usually have to give up another thing that we like. Making decisions requires trading off one goal against another."

Something's gotta give. The lesser of two evils? Not really. Rather, the 'greater of two goods'. I guess Abraham aced Economics 101, making a choice between obeying God, and giving up his beloved son, Isaac. Tracing the roots, it looks like God inspired the fundamentals of this whole economical hypothesis. He created the world, and it was good. Then, when the apple went bad, he had to choose between the RESET button or hitting Ctrl-S(apple-S for Mac users); He chose the latter - saving the world and sacrificing His beloved.

"Yeah, this buffet lunch's a free meal to me." Great! But somewhere between the lines, the cost has been incurred. Someone paid the price.

'Paying the price' or 'footing the bill' is really about investment - into the present; with perspective, possibly the future. A tie-in with the whole clockwork issue, there's a "right time to plant and another to reap."

Keep sowing till the time is right, I shall. I'll only know when the time comes. On a farmer's note, I always envied Ol' Mc Donald - not a clue who he is, but everyone's raving about his farm.
A real marketing gimmick, I'd say.

No comments: