Economics and Ethics

The only thing i didnt expect that i would be so interested in B-School is Economics. Now i regret that i might not specialise in it(doesnt make much difference though). Either way, i am still a long way to be a strong numbers guy, looking into projections of economy and interest rates. But what always interested me in economics is the way it accounts for all the interactions of man kind (loaded with their stupid idiosyncrasies) and how they all mess up into theories from an armchair economist. So, i am doing this subject called Strategic Game theory for managers and another one named Strategies of co-operation and one more - Managing Public Private Partnerships this term other than the marketing subjects and the compulsory course on Managerial Ethics(Many say that its an oxymoron).

Just in this context, there is a small anecdote, which i found very interesting , (its boring and predictable , but let me take the name of joker before i start ;) ) .

So, its like this, A well known economics prof from a premier B-School was forced to take up a course on ethics as the institute planned to introduce this course (To claim that they produce Valuable managers with values and blah blah blah) . Now the prof was absolutely not interested as he was strong on the principle that Ethics are more natural than learnt or taught. However the institute persisted. So he took the course the in all its spirit. At the end, he took an exam and he gave half the students a lot more than what they were expecting and the other half of students, extremely low compared to what they were expecting. As one would expect, all the students who scored low rushed to his office asking for explanation, while none from the higher half ever turned up. He documented the same and gave it to the Admin office to prove his point it seems.

Well, i remember one of my prof telling us, if you follow ethics, you will be in Tatanagar railway station. Though too harsh to believe it, i kind of started to believe in it. Sometime in childhood, a neighbour of mine used to practice astrology. he supposedly told my mother that, when i grow old, i will care for nothing but i want  (want = materialistic needs) . I am yet to comply to that, but i see that happening slowly . 

It happened , more than a few times that i expected a help in professional help based on a personal relationship or vice versa, however , it seems all that is just against the rules of the game. I think it also falls in place with the gyan of Shri krishna that when in a war, its a duty to fight anyone. Ok, i think its getting heavy i guess. 

So, as i stick to my timeline of sleeping in the morning and staying awake in the night. There is nothing much happening. Yeah, had been reading some hazaar versions of Sub-prime crisis. And good movie for this week : Nouvo Cinema Paradiso