Quotes of the day!

“The only way to get what you really want is to let go of what you don't want. To let go is to be thankful for the experiences that made you laugh, made you cry, and made you grow. It’s about all that you have, all that you had, and all that you will soon gain. Letting go is having the courage to accept change, and the strength to keep moving. Letting go is growing up. To let go is to open a door, and to clear a path and set yourself free. “ – Wisdom Quotes

“Beginnings are usually scary and endings are usually sad, but it's everything in between that makes it worth living.” – Wisdom Quotes

“Don't count the number of friends you have but the number of friends you can count on”– Wisdom Quotes

“When something bad happens you have three choices. You can either let it define you, let it destroy you, or you can let it strengthen you”– Wisdom Quotes

“It's hard to wait around for something that you know might never happen but it's even harder to give up especially when it's everything you ever wanted. “-Samuel Effron

“You must understand that even though a person loves you, you must consider the fact that you're not the only one that makes him or her happy.” – Wisdom Quotes

“When life is sweet, say thank you and celebrate. And when life is bitter, say thank you and grow. Because you know what? Tragedies happen. What are you gonna do? Give up? Quit? No. When your heart breaks, you gotta fight like hell to make sure you’re still alive. Because you are and that pain you feel, it’s life.” – Wisdom Quotes

Be good, be just, be right.

‘There are no stars which we could trust,
There is no guiding light,
And we know that we must
Be good, be just, be right.’

‘Do not hark back to things that have passed,
And cherish the future not yet come.
But who with vision clear can see,
The present which is here and now,
Such a wise one should aspire to win,
What never can be lost not shaken.’

‘Happy is he who has lofty and noble aspirations.

Happy is he who is enriching the lives of all those about him.
Happy is he who allows others to live peacefully without disturbing them.
Happy is he who is contributing something to make this world a better place in which to live.
Happy is he whose work, whose chores, whose daily tasks are labors of love.
Happy is he who loves love.
Happy is he who is happy.’

“If we want to find happiness, let us stop thinking about gratitude or ingratitude and give for the inner joy of giving. Ingratitude is natural, like weeds. Gratitude is like a rose. It has to be fed, watered, cultivated, loved and protected.” – Dale Carnegie

"People are just about happy as they make up their minds to be."- Abraham Lincoln

 

Wisdom is seeing things as they are, and acting out the noble qualities of the mind.

An analysis on the Hallyu Wave and the emergence of SNSD

Well, i doubt anyone will read this anyway. But it's just for the fun of it.. I think it's too long. HAHA. The crazy mind of mine. I wonder how i did this also O_O. After all most of the literature review is reused from my assignment..

An analysis on the Hallyu Wave and the emergence of SNSD

I have always wondered how the Korean wave started and how the economy is affected. Thus, I have started a little research on it. Well, it seems that Korean pop idols are in fact helping Korea’s economy by serving as a form of export to other countries. To be more specific, and to satisfy my curiosity, I have an urge to do a mini analysis on leading Korean idol groups like Girls’ Generation. Through this mini analysis, it will serve as a case study for me. Thinking about how the behavioral concepts of superstar theory affects the emergence of a group like this and how a group like Girls’ Generation behave. Since Girls’ Generation have somehow caught my attention, i would like to further look into a successful and strong bonding group like this. To me, i think it is unusual to find a group that is so synchronized and has strong cohesiveness, especially in an entertainment industry where it is a winner-takes-all market.

This analysis is based my own opinions and research. It's not to be taken too seriously, especially the part on SNSD as it's more of my opinions.

Here's a PDF version for easier reading:

http://www.scribd.com/full/61302982?access_key=key-26jkshofcg3y4o0ty0zq

•  Korean Hallyu Wave

The recent surge of popularity of South Korean popular culture in other countries, especially in Asian countries can be known as the “Korean Wave”. It is a phenomenon that is manufactured by the South Korean state itself, especially by the culture industry. The Korean culture industries like the film-, TV drama- and other media industries noticed the positive effect of Korean cultural export, not only on the economy, but also on the nation’s Image ( Tyas Huybrechts).

In recent years, Korean pop idols have become the key elements in attracting international attention to other commercial sectors in Korea. It has brought tremendous influence on the Korean tourism sector. Korean pop music (Kpop) has been steadily gaining influence in foreign markets with its uniquely-Korean beats and sounds. It consists of a perfect blend of various genres like electronic, hip hop, pop, R&B, as well as rock. Its catchy tunes and fun choreographies have taken the world by storm, and YouTube houses several videos of flash mobs dancing to their favorite kpop songs in cities worldwide.

Fear of death

Bringing up a child

Knowledge is needed for success in the world,
Meditation is needed to realize Nibbanic bliss;
Sila (morality) is necessary for both -Francis story

If a child live with tolerance
he learns to be patient.
If a child lives with encouragement
he learns confidence.
If a child lives with praise
he lerns to appreciate.
If a child lives with fairness
he learns justice.
If a child lives with security
he learns to have faith.
If a child lives with approval
he learns to like himself.
If a child lives with acceptance and friendship
he learns to find love in the world.
Your children are not your children.
They are the sons and daughters of life’s longing for itself.
‘They come through you but not from you.
And though they are with you yet they belong not to you.
You may give them your love
but not your thoughts,
For they have their own thoughts.
You may strive to be like them, but seek not to make them like you.’- Khalil Gibran

A person with limited wisdom may think that his children and wealth belong to him. But even he himself is not his own, what more to speak of children and wealth. How can he believe that he owns them when he cannot control or prevent the changes that his children and wealth will have to undergo.

Fear of Death

It is hard to bear the loss of people whom we love because of our attachment to them.  When we develop attachment, we also must be prepared to pay the price of sorrow when separation takes place. The love of life can sometimes develop a morbid fear of death. We will not take risks even for a rightful cause. We live in fear that an illness or accident will put an end to our seemingly precious permanent worldly life. 

This stress if not overcome can eventually lead to grave physical illness. Certainly worry and despair over illness will make it worse.People are frightened of dead bodies, but in true sense the living are in fact far more dangerous than dead bodies. Dead bodies do not harm us, but the living is capable of doing enormous harm and could even resort to murder. So is it not a foolish belief, for people to be afraid or frightened of dead bodies?

What is birth and death?

Man need not have to fear death. Birth and death are like two ends of the same string. You cannot remove one end while wishing to keep the other. The mystery of birth and death is very simple. The coming together of mind and matter and the dissolution is called death.

All human beings face and share the same fate.

Let not the present moment escape us. Those who have allowed fleeting time to pass away frivolously will have good cause to lament when they face themselves nearing the end of their lives.

It is important to realise that we are born to this world to do some service for the weal and happiness of mankind. We will be remembered by humanity more for what we have done for mankind than what we have done for ourselves.

‘Man’s body will turn to dust, but his influence and services remain’ – Buddha

The wise will know intuitively that to live they have to work for their liberation by avoiding evil, doing good and purifying their mind.

We should be courageous enough to face facts. We must be prepared to face reality. Death is a factual happening. Death is a reality.

 Reference:
Dhammananda,S,K.(2010).How to live without Fear & Worry

Quotes

 I forgot to mention that this blog is also for philosophies on life and great quotes i found XD. Rather than all on economics..

 
We live and work and dream,
Each has his little scheme,
Sometimes we laugh,
Sometimes we cry,
And thus the days go by.

The world itself is a vast battlefield. Everywhere there is fighting, violence and bloodshed.Existence is characterized by constant struggle.

Just like the world, the mind itself is a great field in which many battles are fought. Every little incident disturbs the balance of the mind.For that reason, the ordinary man will always experience suffering, fear, uncertainty and very little emotional satisfaction in this world of constant flux.

Life is an eternal battle fought along two fronts; One outward, the other inward. The outer line is intellectualism and rationality. If the strength of the first front is exhausted, man withdraws into the second front of his inner feelings. When the second front is lost as well, he withdraws into himself to nurse his wounds for a while, only to emerge again and fight another day. However when he is completely shattered and withdraws into himself, living on his anger, frustration, desires and fantasies for a long period of time, his sanity becomes affected.

An uncontrolled mind is dominated by the unwholesome thoughts of selfishness, greed and attachment to worldly fame, gains and possessions. If these tendencies are not checked, the mind will turn into a devil's workshop, changing human beings into monsters who are prepared to kill and destroy whoever and whatever is in their way.

The negative emotions of fear, worry, insecurity, jealousy and so on not only cause suffering to the person concerned but also to those around him.

I can control my anger,
I can subdue irritability,
I will keep cool and be unruffled,
I will be unmoved by anger as a rock,
I am courageous and full of hope.

Selfishness is the greatest curse of the human race- William Gladstone

'Hatred is never appeased by hatred in this world. It is appeased by love. This is an eternal law'- Buddha

Self-conquest is indeed far greater than the conquer of all other folk; neither a god nor a spirit nor Mara, with Brahma can win back the victory of such a person who is self-subdued, and even lives in restraint ~Dhammapada~

Mirror, mirror on the wall, who is the happiest of them all?

I’m researching on my essay and I just read this paper by my lecturer and his other colleagues. The conclusion is interesting! It says to encourage everyone to live happily ever after. There are more interesting papers out there. His other papers are good too! I shall do a summary after I read most of them.

Have a look at http://ideas.repec.org for most papers.

So here is 1 of the papers that I find interesting (I only took out the conclusion part):

Mirror, mirror on the wall, who is the happiest of them all?

Conclusion

We started with the Grimm Brothers’ famous fairy tale, Little Snow-White, and morphed it into a modern academic context. Thus, we dispensed with the nasty and wicked Queen, the mirror and its monopolistic position, the monarchy and the beauty contest and replaced it with gentle researchers that reached stardom in economics as Nobel Prize winners, top economists or top happiness researchers. Using their preferred photographs from their academic environment we questioned in a democratic manner how individuals over the ocean, far away in the land Down Under perceive these researchers’ levels of happiness.

This transformation has lead to interesting results. We observe strong differences between the researchers. At the top of the happiness ranking we find a Nobel Prize winner and at the bottom, a happiness researcher. However, this is not the end of story; in the multivariate analysis happiness researchers record the highest level of perceived life satisfaction. Moreover, we find that macro-economists are perceived to be happier than the micro-economists. Thus, the advice for young academics is: if you seek happiness, become a macro-economist and research happiness; a Nobel Prize does not make you happier; if you want to be popular with the ladies, take lessons from Edmund Phelps, Bruno Frey and Richard Easterlin; if you are looking for the ability to age like a red wine, Joseph Stiglitz and Jean Tirole have the trick, but not Richard Easterlin; surround yourself with happy people, as they will think you are happier on average, and with women as they will judge you to be happier; and be careful how much information you reveal about yourself, as this may affect you in a positive or negative manner.

The happiness literature has strongly focused on self-reported happiness. The use of perceptions is common in economics, especially in areas where direct measurements are limited (e.g. corruption, tax evasion). Moreover, such an approach may help to deal with the problems of validity and reliability, both key evaluation criteria when using indicators of happiness. Finally, keep in mind that this study was only carried out by three young dwarfs of the economic profession and their happiness has not been studied at all. We therefore deeply hope that this study does not induce envy and pride like rank weeds in the heart of the investigated superstars nor other researchers but rather encourage all of them to live

happily ever after.

Reference:
Benno Torgler & Nemanja Antic & Uwe Dulleck, 2007. "Mirror, mirror on the wall, who is the happiest of them all?," CREMA Working Paper Series 2007-16, Center for Research in Economics, Management and the Arts (CREMA).

Retrieved from: http://ideas.repec.org/a/bla/kyklos/v61y2008i2p309-319.html

Hi there!

Hi!

Welcome to my site of my economics theory! This will be a new site for my research and findings regarding economics. I realized my love of economics is expanding every single day. Because everything that i see now leads to me thinking about the economics theories that i've learnt. Afterall, economics is a fun subject isn't it? Economics is like the mechanism behind the world and certain behaviors.

I learnt an interesting fact from my lecturer and he said," The difference between an economist and a person studying psychology is that an economist looks at the incentives and opportunity costs behind an action while a psychology students looks at the internal and external factors affecting a person's decision."

I may come out with my own funny theories, so please do not take it seriously. It's just for the fun of it. After all, what is economics if you don't apply it to real life situations. And, i may not be that knowledgeable in certain areas of economics, so please don't be offended. It's called my theory.


The information i post here may only be used as reference. However, if you wish to use my work for any projects or research please inform me or contact me for a full copy.




Regards,
e.hqven