My “Aha-Moment” of Diminishing Return

When Economics (Science) Amplify My Belief in Spiritual Concept

For people who gain an economics background, marginal utilities and diminishing return concept is not an “alien” word. In fact it is a common words. For us (economics scholar), understanding and intellectualizing those two notions help us shaping a formula to maximizing welfare or benefit in any economic activities. For me, it gives a source of validation to amplify my belief regarding an altruism act and the choice to not to choose greediness.


A Little Glance of Knowledge

Source : https://personalexcellence.co/

So what are those words actually? Marginal utilities are the additional satisfaction that one person get after adding up one more product. For example, the satisfaction to consume one bar of chocolate is equal to 2 ❤ (satisfaction) for Miss “A”, if we she consume more and then her satisfaction will increase until it hit a certain point. Assume that, she consume ten bars of chocolate then the satisfaction will diminish. Diminishing return, the sweet soothing taste of chocolate won’t give her any more satisfaction, it is diminishing.


My Take-Away

In the case of Miss A, she has limit on less 10 bars of chocolate more than that will make her hate chocolate, it will disgust her. That reasoning of economics is not only help in my economics class but also on real life. We all know about the wisdom to speak about greediness, that we need to be full aware about our consumption, that we do not need that much.

That virtuous study about ethics and live in altruism sometimes makes people roles their eyes as if it’s some of “Whoo whoo” thing, but it is proven and justified by one of social science, economics. Philosopher said, it takes courage to have a step back reasoning about things that happen, because it challenges someone else’s way of thinking. In the case of diminishing return, even businessman oftentimes cast this disciplines away. My hypothesis about that? This kind of people will take advantage about the situation, while they (maybe I used to be one of them) still have a chance until the course of science take it all away.

What I still don’t understand is, why they’re reluctant to adopt it when the fact and science is laid upon them.

Thank you for reading, I hope you get insight from this

-D.F.A-

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Becoming The Subject of Our Own History

Fighting The Ignorance — Challenging The Status Quo

Through history, we witness a diverse historical moments that pushing human life into a better way. The event where someone show up for what he believe, speak up and gathering compassion to fight the injustice that happen around him and his community will always become history. That kind of people, people who can’t stay still witnessing inequality, they become the voice of the voiceless. The warrior.

If Malcolm X did not speak up and stand up about the equal right of black people to defend them selves and gaining the same opportunity of education and other opportunity, maybe we can’t see the diversity of intellectual product or arts from black community. But it didn’t happen easily

A warrior shows up for what they believe, stand-up and being bold to fight the ignorance, they challenge the status quo. We can take a lot of example from previous courageous man who won’t let the society letting one community become better-off while the other becoming worsen-off. But through history as well, we know people like that were dealing with anguish and despair because it’s hard to challenge the status-quo, especially when the revolution will challenge people who has power (The Price Maker, The Monopolist)

So it is easier to let the injustice and the inequality as it is, as long as it doesn’t affected our life or our family’s life. It easier to become passive and being greedy for our self and community. Well, if it happen then I think it is fair enough to say that we’re not really different with a previous man before us that apparently has lot of difficulties to challenge the status-quo then it makes us less powerful, more ignorant than them.

When now, we are living a moment of life where we’re just one-click away to take action, yet we’re still doing the thing that only benefiting us or sometimes has no benefit at all. Just for fun.

Is it what we are? Someone who seek only for fun at the end of the day? Receiving money at the end of the month to spent it into more fun?

Having fun is good, earning money at the end of the month is good. But only and only if we’re not stay still when we look someone does not have the same opportunity just because they’re less unfortunate than us. By only realizing that concept, we can start putting meanings to our action to be more ethical in what we do to put value in our work.

What Missing in Digital Thing?

Is there any missing puzzle in this promising “Easier, faster, instant” Land

Syrian Refugee
Source : Amnesty International

We can see everywhere that digital-tech’s product grows rapidly and invasive, yet there’s only few that can leverage real value added for community and lift up our well-being in general. Another fact is digital companies is relentlessly expand and make their company grow, expanding their market. We accept it and CELEBRATE it together, we have our gratitude on that.

God Bless Digital-Tech. It creates job whether it is new type of job or not, creating new resource of revenue, in short it creates new promising phenomenon. However, the presence of value added, utilities generation is missing. We should take the another fact that Inclusive development or human empowerment are still remain our problem.

Somehow, sometimes it feels like people are more focus into “growing in numbers” but neglecting on the impact factors that people can truly benefit. What are the impact of all of these “mega digital things”? We can leave aside about the free flow information, and data that we really grateful we can leverage in this digital era. But, what about the “Taking-action” part?

Digital thing is also promising the ease to contribute (that’s the job of product department), to show up and share the idea. Spreading ideas and kindred spirit and not just hedonistic, consumerism concept of life, we’re pretty much familiar with that but we’re lacking of core value of development. Fundamental thing, thing about making changes, creating better environment, turning community into enabled institutions. Better education.

The consumption level is increasing for sure, we are exposed to abundance of goods and services along with “the ease to shop”, of course we make a buy, yet we are still struggling on the same old social, humanity problem. Maybe we, the native generation of technology can start to care a little about integrating this marvelous innovation into core aspect of development.

Can digital thing can create impact on leveling up people’s education, impact in solving our problem in institutional things, human empowerment. The answer is up upon us.

-D.F.A-