The Economics of Self-Respect
At first glance, the title might seem odd. What does something as abstract as self-respect have to do with economics? But if you’ve ever stood in a market, holding two different vegetables of the same price, you’ve already experienced the answer. Imagine you go to the market every day and buy the same things — some carrots and soya, costing ₹100. One day, you see a perfectly fresh cauliflower, also priced at ₹100. It’s rare, not something you find every day. Even though you’d get more quantity with the usual items, you pause. Most people would. Despite offering less in terms of volume, the cauliflower feels more valuable — simply because it’s rare. This isn’t just a matter of preference. It’s human psychology. We’re drawn to what’s uncommon. What’s not easily available feels more precious. This principle applies not just in markets, but in life. In our interactions, our relationships, and especially in the way we carry ourselves. Self-respect works in the same way. When you make you...