Friday, June 11, 2010

A marwari cannot have a perfectly inelastic demand curve

"Itz not because he is an MBA, but because he is a marwari."

Shraddha corrected her mother when she was impressed with my bargaining skills. I couldn't disagree.

There is a reason I support Mamata Banerjee. Even though living in Bengal, there is a part of my blood which belongs to the marwari community which is always actively involved in continuously blocking my mind from comprehending communism or anything that is even remotely related to communism.

The elasticity of demand for a good would always be different for a Punjabi, Gurati, Marwari or a Tamilian. Marwari economics can be a new field of study altogether. I guess a true economist has to be a racialist. But they play safe. The non- existence of this problem is another one of their cleverly drafted assumptions.

Taste and preference remaining constant.

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