Fundamentals Of Economics Neglected In Indian Education System

| Last modified on February 6th, 2019 at 11:07 pm,

Ex1 – Ex2 = In1 – In2

The mathematical equation you are viewing is probably one of the most feared one in the world—so feared in fact that it led to the removal of this famous American economist Irving Fisher’s theories from economics text-books in India since liberalization. The simplicity of this equation is that it empowers people to check what is happening in their country. Science has always to be simple and a tool to enhance the knowledge of people and empower them for self-governance. Though on governmental propaganda this greatest economist was slandered and ridiculed in US, but post the US collapse he was dug out from his grave and elevated to his rightful honour in US and Europe.


Inflation

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Irving Fisher (American Mathematical Economist) February 27, 1867 – April 29, 1947

In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation also reflects erosion in the purchasing power of money – a loss of real value in the internal medium of exchange and unit of account in the economy. A chief measure of price inflation is the inflation rate, the annualized percentage change in a general price index (normally the Consumer Price Index) over time. Inflation is classified into two parts. The relation between the inflation real interest rates and nominal interest rates (approximated to inflation) and thus the foreign exchange rates is given by the famous American economist Irving Fisher. When governments want to manipulate inflation rates first thing they do is remove Fisher and his theories from economics text-books as was done in India since liberalization.

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India in Cognitive Dissonance Book

India in Cognitive Dissonance Book

For more than 2000 years a war is being waged for the control of India and the access routes connected to it. The Turkey Coup is the beginning of the end of the Great Game, as it is known. With Russia slipping out of their hands, the eyes were set on an unfathomably resource-rich country, which even after thousand years of non-stop plunder and looting still captures the imagination of one and all, thugs, thieves and robber-barons alike with her yet-unknown massive economic resources potential — that country is India.

India in Cognitive Dissonance is a hard-hitting myth-buster from GreatGameIndiaA timely reminder for the decadent Indian society; a masterpiece on Geopolitics and International Relations from an Indian perspective – it lays bare the hypocrisy taken root in the Indian psyche because of the falsehoods that Indian society has come to accept as eternal truth.

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