Comments for Of Mind and Money How mind and money interact to create the world Fri, 21 Feb 2014 06:40:04 +0000 hourly 1 Comment on Envisioning Possibility by M R Arulraja Fri, 21 Feb 2014 06:40:04 +0000 Hi,

Good article that provokes thinking!

Envisioning Possibility is a challenge to human minds because we are only accustomed to see what is there and not what is not there before us. And, what makes matter worse is that “possibilities” don’t present themselves in any obvious ways, usually.

Hence, to get a glimpse of possibilities, people advocate ‘dream or imagination’ as an alternative that can help to reveal possibilities that don’t exist yet in reality.

Albert Einstein’s “Imagination is more important than knowledge” is a relevant quote here. For instance, knowledge of engineering technology translates into a ‘dam’ once someone ‘imagines/dreams’ (or “hallucinates” – to borrow the words of Richard Bandler) a dam between two hills where no dam exists…

Interestingly, the more someone is educated (in India), the less one becomes capable of dreaming! Our culture in educational institutions kill the natural gift children bring with them to school to dream. Imagination is discredited in exams.

If someone still manages to imagine possibilities, he/she needs to go to the US to find the other two types of partners needed to translate dreams into business: a financier, and a technological agency that translates dream into a reality. The silicon valley is a place where dreamers find these promoting agencies: financiers and technical supporters.

In India, dreams are least appreciated in business and the least paid for; and when one’s dreams are used, they are not even acknowledged!

In the Microfinance Industry there certainly is a great lack of ability to dream possibilities to: (1) offer loans at 12 per cent or less and still make a profit; (2) to lead the poor to raise standards of their products to make it fit for international markets, and more importantly, (3) to help them enter new models of cooperative production without which all their tiny enterprises will be wiped out by cheaper and better products from China and other nations.

From a Neuro-Linguistic Programming point of view, we need to question our (educated) assumptions about Microfinance industry, its environment, the capability of the people it serves, etc… and try new assumptions, at least experimentally, with all the risk involved.

Hope an article like this will awaken the minds of people to envision possibilities, to transform Microfinance as one that truly helps the poor break free of poverty: making capital available at less cost than what obtains for the rich who borrow from banks, and also one that provides them opportunity to succeed in a Globalized Market!

Comment on Envisioning Possibility by lavan Tue, 10 Dec 2013 03:07:13 +0000 Brilliant; a true visionary.

Comment on One World, One (Giant) Language by Ashvin Sat, 24 Aug 2013 04:16:10 +0000 Thats one way of solving the problem. The other way is to invent Babel Fish (

I am sure Google is pretty close to do that. Today , at least on the web, the fact that the webpage is in Armenian doesn’t bother me. In a not so distant future, I do not understand why the same shouldn’t be true for speech as well.

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Comment on Potential Money by Anonymous Thu, 03 Jan 2013 20:38:37 +0000 Tara,

This is a good post and a part of economics that I think has been overlooked. Do you know if there have ever been any peer-reviewed publisthed studies that equate money with potential energy and the creation of entropy through “resistance” or inefficiencies of transactions in an economic model?

Comment on Microfinance: Time to move towards financial inclusion by Aaron Jones Thu, 04 Oct 2012 05:45:08 +0000 Yes I agree with your views. You have provided the good news of finance. Everyone wants to start a business then you can get the loans for any banks or online. It is good for everyone. small business loans
are the best option for starting business.

Comment on Scrap the MBA by aline Thu, 09 Aug 2012 16:59:04 +0000 just linked this article on my Facebook account. it’s a very interesting article for all.

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Comment on Scrap the MBA by crook rusty Mon, 02 Jul 2012 06:49:02 +0000 MBA students can get good job easily. But sometimes they need to do some struggle to get job. When they get a job, they get good salary.

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Comment on Who cares about the average income! by Rav Casley Gera Fri, 15 Jun 2012 07:39:02 +0000 It’s not wrong to look at the average income, just to use ‘mean’ as synonymous with ‘average’. A dual mean/median approach is much better. But I can’t find information on India’s median income anywhere!

Comment on The Hidden Key to Productivity by Anonymous Fri, 25 May 2012 05:39:10 +0000 Mam,

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Comment on The Hidden Key to Productivity by Anonymous Thu, 10 May 2012 03:25:01 +0000 Hidden Cost of “more” Information
I agree with you point that better information infrastructure improves productivity. But one real world concern is in this internet era, one is usually burdened with too much of information which often leads to indecision. We’ve too many “report generators”. At the click of button, we can get information about so many things, but fail to get sense of what it is as the quantity of information is just HUGE. and it’s just exponentially increasing. We have too many social/business online or off-line “networks” that actually causes people to waste lot of time instead of doing some real work. I remember a study that said in an organization that 83% of engineers considered social networks such as twitter at workplace as just distraction when the work needs focus.

Comment on Scrap the MBA by Koushal Thu, 12 Apr 2012 06:57:37 +0000 Thanks for sharing such a nice information on Masters in Business Administration, for more details click on Masters in Business Administration.

Comment on Scrap the MBA by Unknown Wed, 14 Mar 2012 11:44:46 +0000 i everyone i am finding some MBA stud stuff something business regarding. I like your post dear. nice blog.
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Comment on What is it worth? by Anil Kshatriya Sat, 10 Mar 2012 14:10:01 +0000 Its nice to you that a person has this dream. I am so delighted and motivated after reading you. Good Luck.


Comment on Microfinance: Time to move towards financial inclusion by Vijay.AMD Fri, 09 Mar 2012 12:08:19 +0000 Madam,

On the same line I am thinking of developing a model to sustain research activity in Indian universities. I have few ideas and at your comfort can I hold a presentation or may be send it to your institution for review. By easing the burden of funding/grants it will not only help economy but also it will provide more peace/calm to people involved in research.

Besides may I mention that my major was in Theoretical Physics and while searching “Physics+Micro-Finance,” I reached your blog.

With your guidance and inputs may be I can put together things effectively.

Thanks & Regards,