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Urge to survive greater motive to stay in than any order

22 2 1
31.03.2020

In his book titled "Keizaigaku Tanjo" (Birth of economics), economist Tsuneo Iida (1932-2003) recalls being asked by someone, "What, in a nutshell, has your study of economics taught you?"

After thinking for a while, he replied, "Human beings can never be expected to act as ordered."

I believe that was his way of explaining that since pump-priming alone won't be enough to stimulate the economy, the government would be wise to leave the matter to human nature--which, in this case, is to pursue profit.

Iida's observation rings true especially if the government's "request" to the public to stay home is understood as an "order" of sorts.

Seen from the public's behavior of the last........

© The Asahi Shimbun