The Cedrunomist

Executive Summary: ” The Cedrunomist approach begins with a modest belief: economics is best understood through how people actually choose and respond to everyday situations. It favors clear reasoning over complex models and treats questions as more valuable than conclusions. In a world driven by data, it offers a quieter reminder that  thinking about human behavior can illuminate just as much as any spreadsheet.” The Big Idea Praxeology is the study of human action. It was developed by economist Ludwig von Mises and starts with one basic fact: people act intentionally to improve their situation as they see it. Here is the twist. Praxeologists believe you can figure out economic truths just by thinking logically about this fact, without needing statistics, surveys, or experiments. When you grab a snack from the fridge, you are doing something that seems simple but reveals something profound. You are acting on purpose. You wanted the snack more than you wanted to stay sitting down. ...

  In the late 1980s, Alan Greenspan, then Fed Chairman, noticed something curious. The U.S. economy pulsed with innovations, barcode scanners, digital supply chains, lean retail, yet official statistics showed weak productivity growth. So Greenspan dug deeper. He realized aggregate numbers were masking sectoral transformations. By measuring productivity business by business, the hidden story emerged: technology was quietly reshaping growth in retail, finance, and logistics. This discovery changed not just policy, but how productivity itself was measured. And it carries a profound lesson for India today. I still remember the VAT era, the nightmare of cascading "tax on tax," compliance barriers, and interstate check posts. A product's actual selling price would seem to have only a tenuous bearing to input costs. The dreaded C Form was perennially out of stock, forcing businesses to either forgo revenue or navigate the labyrinthine system through less-than-transparent means....