The Unseen Struggle: Life Beyond the Economic Data

The Unseen Struggle: Life Beyond the Economic Data

Introduction:

In an era where big media and scholarly research dominate public discourse, there is a silent narrative that often goes unheard. It's the story of the common person, whose daily life unfolds in the shadows of grand economic indicators and scholarly debates. This narrative is not about the percentages of GDP growth or the fluctuations in the Consumer Price Index; it's about the tangible realities that shape the everyday existence of the majority.

Body:

Big media discuss significant issues of national and international importance, but such discourses often overlook the day-to-day problems that affect the life of the average person. For them, life is not defined by the grand data of the economic world. The common person's life is disconnected from the figures of GDP or CPI. For the average individual, the economy revolves around small grocery stores, petrol pumps, medical stores, and not data centers.

However, these realities are not reflected in scholars' research. When a researcher seeks to understand societal realities, the problem begins with the notion that people and their experiences are merely numbers used to create data. This reduction of human existence to impersonal data obscures the truth, leading researchers to overlook the reasons behind many societal trends, such as the allure of social media, the belief in propaganda, the manipulation of individuals by the elite, and the rise of far-right ideologies.

The dangerous mix of ignorant yet egotistic economics and elitist politics creates a depressing scenario where ordinary people, in their quest for peace, succumb to the whims of power. In this political economy, regardless of the market system, the common person's life struggles to achieve a state of tranquility.

Summary:

The narrative of the common person is a mosaic of small, yet significant, economic interactions that are rarely captured in the data-driven analyses of our times. It is a tale of resilience in the face of systemic obscurity, where the true measure of society's progress lies not in the abstract numbers, but in the lived experiences of its people. As we navigate through the complexities of modern life, it is crucial to remember that behind every statistic, there is a human story waiting to be told. It is only by acknowledging these stories that we can hope to build a more inclusive and empathetic world.

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"Alternative Model:

Some economists have been trying to overcome the limitations posed by data reductionism. In the recent book, *Breaking the Mould*, Raghuram G. Rajan and Rohit Lamba have departed from this established trend of data reductionism by presenting a real-life story before delving into data. Similarly, Abhijit V. Banerjee and Esther Duflo in their book "Poor Economics" begin with some stories in Chapter 1, titled 'Think Again, Again.' Ro Khanna, in "Progressive Capitalism" elucidates the chapters with some real-life stories. However, a greater degree of relational closeness is required. Of course, the danger of bias is real, yet a researcher requires skill to overcome such biases while treating a real human being as an object of observation.

We need more nuanced details of many life stories. This is particularly accurate when the researcher works with an uncontrolled group to understand real-life stories.

When data are not merely tools of understanding but also means of comprehending individual real-life stories, a more compassionate yet disengaged analysis would be possible.