Economic Wisdom Simplified Lonavla Sahakari Bank Ltd

standing, who had practised his vocation effortlessly
for decades as a functionary of the country's central bank. Besides being a central banker and having the responsibility in framing the economic and fiscal policies of the country, he has also been an academic, having lectured in universities and academic institutions and
published several papers on varied
topics on economics. Most notably, he is an author - a novelist - capable of touching the emotional strings of one's mind with his vivid narratives of human passion.
Economics, many say, is a subject considered to be quite dry, dull and uninteresting. But, not his latest creation, 'Economic
Wisdom for Babies'!
Wijewardena makes a
sincere attempt to simplify
and make it easier to comprehend and assimilate. It is basically a compilation of the essays that he had written for his weekly columns in the Sunday Times and the Financial Times, which were avidly wrapped up by the readers. Their encouraging feedback motivated him to bring out these essays in the book form. Included in the compilation are 38 write-ups, each an economic concept elucidated in a story format, situationalizing and fictionalizing it. The language he has used is simple and straightforward and sans the usual jargon that goes with academics.
In a world where there is scarcity and limited availability of resources, as compared to the insatiable wants of human beings, economic literacy must be a priority. The word 'Babies' is intentional and almost a motif denoting the lack of understanding among the people of the basics of economics. Wijewardena has also covered topics like inflation and growth, brain drain and brain gain, high interest income gains, etc. It is indeed his capability to use language to weave a scenario out of an academic topic that makes the book stand out. Take for example this narrative: "We make decisions and come to conclusions looking at only what is within our eye sight. We lose the big picture and so the wide range of repercussions that would follow our actions."