After the three great economic theories by Adam Smith, Marshall and Robins which transformed into the economic activity of mankind in the modern days by way of capitalism, socialism and a mixed economy, there is a small improvement to these three great theories. But economics is not about profit, equality and want satisfaction. It is a human study that rotates around greed and anxiety of people and transformation from one generation to another and identifying the solutions for the mistakes made in past. In today’s world when the disease is a genetic in nature similarly human behavior towards economic activity is also genetic in nature. Henceforth the cycle of development in human is eminent and need to understand the same from one generation to another through Darwin’s theory of evolution of mankind.
Over the years the greed and anxiety are playing a vital role in economic activity, but not the human profitability or development. In the world of globalization and differences in culture and religion is playing an important role in the economic activity of life, still, the struggle for existence plays a vital role in the economic activity of life but not the profit and other human behaviors.
I emphasize the economic activity of any human being will not be more than 1000 days in one’s lifetime. In microeconomic conditions, it varies because it again depends on the generic formation of the race and species. But in a case of macro level, the human behavior will be similar and identical over the years. Man’s development activity in macro level cannot be like a Kaizen chart it is only like a Stock market chart which emphasizes on the up’s and downs of the society for every generation change, which is the way the human DNA is also resembled and is a true indicator or economic cycles of man’s life.
Life of human being on a macro level will be 36500 days (365x100) is a maximum lifetime. On average if nights, where a man takes rest, is removed the day time left is 18250 days. Out of which childhood and old age will be around 15000 days which is around 40 years, 15 years in childhood and 25 years of old age. Balance 3250 days man will spend for his family and economic activity which is hardly 1000 days, will be for his earnings or economic activity in life which is just 1% of the life time on which the economic theories revolve around. If we can estimate the 1% of this timeline in human life cycle we can estimate the development and fall of economics which is the part of greed towards development and anxiety for fall of economics.
Over the years the greed and anxiety are playing a vital role in economic activity, but not the human profitability or development. In the world of globalization and differences in culture and religion is playing an important role in the economic activity of life, still, the struggle for existence plays a vital role in the economic activity of life but not the profit and other human behaviors.
I emphasize the economic activity of any human being will not be more than 1000 days in one’s lifetime. In microeconomic conditions, it varies because it again depends on the generic formation of the race and species. But in a case of macro level, the human behavior will be similar and identical over the years. Man’s development activity in macro level cannot be like a Kaizen chart it is only like a Stock market chart which emphasizes on the up’s and downs of the society for every generation change, which is the way the human DNA is also resembled and is a true indicator or economic cycles of man’s life.
Life of human being on a macro level will be 36500 days (365x100) is a maximum lifetime. On average if nights, where a man takes rest, is removed the day time left is 18250 days. Out of which childhood and old age will be around 15000 days which is around 40 years, 15 years in childhood and 25 years of old age. Balance 3250 days man will spend for his family and economic activity which is hardly 1000 days, will be for his earnings or economic activity in life which is just 1% of the life time on which the economic theories revolve around. If we can estimate the 1% of this timeline in human life cycle we can estimate the development and fall of economics which is the part of greed towards development and anxiety for fall of economics.
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