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Musings: Privileges and Profits

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You may never know  How rich you are Until you meet Someone poor You may never know  How ignorant you are Until you meet Someone enlightened You may never know  How idle you ate Until you meet Someone busy You may never know  How thoughtful you are Until you meet Someone careless You may never know  How clean you are Until you meet Someone dirty You may never know  How open you are Until you meet Someone closed You may never know  How humble you are Until you meet Someone presumptuous You may never know  How hopeful you are Until you meet Someone fainting You may never know  How authentic you are Until you meet Someone counterfeit You may never know  How prudent you are Until you meet Someone wasteful You may never know  How empty you are Until you meet Someone full You may never know  How soundproof you are Until you meet Someone yelling You may never know How immune you are Until you meet Someone infected ... Photo credit: Cleveland Clinics

Musings: My History Counts

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Once I was  False But now I am true Once I was Ignorant But now I am learning Once I was  Dark But now I am light Once I was  Copycat But now I am authentic Once I was  Enslaved But now I am free Once I was  History But now I am green Once I was  Falling But now I am rising Once I was Lukewarm  But now I am piping hot  Once I was  Drowning But now I am swimming Once I was Sloppy But now I am enterprising Once I was  Lounging But now I am thinking Once I was Independent But now I am God-dependent

Musings: Adaptation and Human Capital

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People are simply humans Where they are weak Be strong They may thank you later People are simply humans When they are angry  Be tempered They may thank you later People are simply humans When they are wasteful Be thrifty They may thank you later People are simply humans Where they are poor Be rich They may thank you later  People are simply humans When they are blind Be seeing They may thank you later People are simply humans Where they are careless Be thoughtful They will thank you later People are simply humans When they are weary Be praying They may thank you later People are simply humans Where they are shortsighted Be visionary They may thank you later  People are simply humans When they are hopeless Be hopeful They may thank you later People are simply humans Where they are hateful Be loving They may thank you later People are simply humans Where they are struggling Be helpful They may thank you later People are simply humans When they are foolish Be wise They may thank you late

Musings: The Deaf May Read

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Whoever has Ears to hear Shows gratitude By sifting sounds Whoever has Sheep to tend Shows gratitude  By keeping greens Whoever has Eyes to see Shows gratitude By observing history Whoever has Wheels to steer Shows gratitude  By turning right Whoever has  Nostrils to smell  Shows gratitude  By detecting foul Whoever has Debts to pay Shows gratitude By pleading patience Whoever has a Tongue to taste Shows gratitude By discriminating junk Whoever has  Words to speak Shows gratitude  By staying true Whoever has Feet to walk Shows gratitude By going the narrow lane Whoever has  Wings to fly Shows gratitude  By soaring on the wind Whoever has Hands to hold Shows gratitude  By releasing grip  Whoever has Blocks to build Shows gratitude By building to last Whoever has Knees to bow Shows gratitude  By courting mercy Whoever has  A tutor Shows gratitude By living the lesson Whoever has Brains to think Shows gratitude  By choosing supreme thoughts Whoever has Cloths to sew Shows gratitude  By cr

Musings: The Invisible Mind

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I remember  A good I shall buy it I remember A product I shall sell it I remember A history  I shall learn it I remember  A story I shall tell it I remember  A name  I shall know it I remember  A nature  I shall nurture it I remember  A song I shall sing it I remember  A thought I shall note it I remember A route I shall take it I remember  A tool  I shall use it I remember  A life I shall ask it I remember A people I shall save it I remember A wish I shall grant it I remember A will I shall do it I remember  A hand I shall hold it I remember  A mind I shall keep it I remember  A club I shall leave it I remember A self I shall lose it ... Photo credit: Market Business News

Empirics of Technology: A Primer for Nota

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What technology is in popular parlance is not what technology is to an economist. The ordinary mind thinks technology is the gamut of information communication technologies and everything else sophisticated enough to make all human actions and production processes easy and fast.  This layman perspective is somewhat relevant to the economist, since ease of doing things can promote economic efficiency, productivity growth and economic growth Further to this, Merriam-Webster's dictionary presents notable definitions of technology: ■ The practical application of knowledge especially in a particular area; ■ A capability given by the practical application of knowledge;  ■ A manner of accomplishing a task especially using technical processes, methods, or knowledge and new technologies for information storage; ■ The specialized aspects of a particular field of endeavour. To an economist, technology refers to the manner in which varied factor inputs in a production function are combined. Wh

Musings: Preference Functions

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To be valuable Is human To be priceless Is another To be dynamic Is human To be stable Is another To be productive Is human To be creative Is another To be grasping Is human To be given Is another To be trendy Is human To be ageless Is another To be esteemed Is human To be despised Is another To be superficial Is human To be intensive Is another  To be shallow Is human To be profound Is another To be tasty Is human To be flat  Is another To be counted Is human To be excluded  Is another  To be hasty Is human To be steady Is another To be visible Is human To be airy Is another To be gullible  Is human To be discerning  Is another To be busy  Is human To be available Is another To be obscure Is human To be sunny Is another To be faithless Is human To be guaranteed  Is another To be resentful Is human  To be remitting Is another To be acceptable Is human To be perfect Is another To be following Is human To be worthy Is another  To be loud Is human To be still Is another To be clueless Is

Empirics of Fiscal Policy: A Primer for Success

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In every economy, there are a variety of economic agents. These agents fall into five (5) broad classifications: A. Individuals B. Households C. Firms D. Governments E. Institutions Each economic agent makes decisions and engages in a variety of activities in pursuit of a core objective. Individuals are assumed to seek utility maximization while households work to attain a desired living standard. Firms tend to have a range of objectives as they adapt to their dynamic business environment, but it is traditional for for-profit firms to seek to maximise profit. Governments exist to maximise their social welfare functions while institutions are established to entrench justice and peace in all human relationships. Governments retain the priviledge to create and maintain institutions that sustain socio-economic life within  territorial boundaries across the planet. In other to maximise social welfare, governments make decisions and take actions to grow and sustain economic health and wealth

Musings: My Nigeria is Awake

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Nigeria Is my dream And I am awake To live it out Nigeria  Is my attraction And I am perfumed To retain it Nigeria  Is my classroom And I am free To teach it truth Nigeria Is my body And I am trained To care for it Nigeria  Is my work And I am diligent To make it work Nigeria  Is my land And I am equipped To cultivate it Nigeria Is my love And I am committed  To keep it warm Nigeria Is my night And I am eager To lighten it Nigeria Is my story And I am ready To tell it all Nigeria  Is my space And I am duty-bound To declutter it Nigeria Is my star And I am willing To let it shine Nigeria  Is my child And I am home To nurture it ... Photo credit: Britannica

Producing Peace

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In economies plagued with chaotic disorder, human #insecurities, sensational media tales, pessimistic projections, and socio-political uncertainties, rational economic agents would desperately seek to maximise satisfaction derivable from the #consumption of a value-adding commodity, namely #peace. Given the dynamic nature of human behaviour and uniqueness of individual orientation, differing vehicles to inner peace are sought. One agent may find inner satisfaction imitating popular culture, while another finds inner peace taking the road less travelled.   One individual may choose silence as a supplier of peace, while another may prefer noise and tumults. Another individual may seek peace through a physical change of territorial location, while their counterpart may find satisfaction coasting in familiar terrains.  In the pursuit for good #governance, one electoral crowd may favour a change of government as the only antidote to prevailing socio-economic conditions. While a brilliant cr

Musings: Name Calling

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Call me this Or call me that But I know my name Send me here Or send me there But I know my master Give me this Or give me that  But I know my gift Lead me here Or lead me there But I know my guide Tell me this Or tell me that But I know my script Sew me here Or sew me there But I know my clothier Feed me this Or feed me that But I know my cook Drive me here Or drive me there But I know my vehicle Show me this Or show me that But I know my vision Polish me here Or polish me there But I know my shoe Teach me this Or teach me that But I know my instructor Push me here Or push me there But I know my side Sing me this  Or sing me that But I know my song Laud me here Or laud me there But I know my reins Throw me this Or throw me that But I know my game Sit me here Or sit me there  But I know my throne Fit me this Or fit me that  But I know my style Chase me here Or chase me there But I know my race Ring me this  Or ring me that But I know my call  Pull me here Or pull me there But I know my

Musings: Ode to Social Justice

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The rich May relocate to Canada or elsewhere Where can the poor go to? Let us fix Nigeria for the poor The rich May fly over daily traffic in helicopters How can the poor fly over? Let us fix Nigeria for the poor? The rich May enrol at Oxford or elsewhere In which school will poor children be enrolled? Let us fix Nigeria for the poor The rich May hire a competent lawyer to defend their cause Who will defend the just cause of the poor? Let us fix Nigeria for the poor The rich May pay high interest on loans What can the poor afford to pay? Let us fix Nigeria for the poor  The rich May seek medical care in London or elsewhere Who will treat the poor? Let us fix Nigeria for the poor The rich May keep a retinue of body guards Who will keep watch over the poor? Let us fix Nigeria for the poor  The rich May import their clothes and everything else Who will clothe the poor? Let us fix Nigeria for the poor The rich May uphold family-friendly policies in their enterprise Who will protect poor ho