Sunday, February 08, 2015

Reading - Economics, A Primer for India

I'm reading 'Economics, A Primer for India' by G. Omkarnath of Hyderabad Central University. The author makes a point in the preface that considering the failures of most of the economic theories in present day society there is no point in teaching any theory as a dogma. Instead, the approach should be to familiarize the student with the economics of the native country and understand the processes involved. However, at one place the author says,

People meet their material needs through their command over a range of goods (eg. rice, cloth, cooking oil and television sets) and services(eg. bus rides, haircuts, doctors, schools and maid servants).

Let's consider services like doctors and maid servants. A doctor him/herself can get services of other doctors. What about 'maid servants'? Would they work as servants if they can afford to have their own maid servants? So, doctors and maid servants can't be grouped together. And if we consider maid servants as 'people with needs', then they themselves can't be part of services as they can't avail that service for themselves.

There are two types of families who keep 'maid' servants. A middle class family where both spouses work and a rich family. However, a middle class family can only keep a servant when there is a huge economic disparity in a society and many women are forced to take up such jobs. For example, many Brazilian middle class families unlike their parental generation can't afford to keep maid servants owing to improving living standards of poor in that country.

In a nutshell,  a maid servant in  a middle class family basically represents failure of the society. So, I would suppose a student should have a clear view that a command over a service like 'maid servant' isn't equal to other materialist services. It doesn't consider her materialist need as a person.

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