Tag Archives: Crossword

The Reason I Own Hundreds of Unread Books

Most economists agree that our consumption-driven economies are based on our wanting things we don’t even need and buying things we don’t even want.

Here’s an excerpt from retail anthropologist Paco Underhill’s ‘Why We Buy: The Science of Shopping‘ on how shopping baskets form the foundation of a rock-solid economy –

In a very successful bookstore near my office, there is a pile of shopping baskets in the usual erroneous place — in a corner just inside the door… Judging by where the baskets are kept here, you’d think that shoppers enter bookstores saying to themselves, Well, today I plan on buying four books, a box of arty greeting cards and a magazine, and so first thing I will take a basket to hold all my purchases. Whereas common sense tells us that people don’t work that way — more likely someone walks in thinking about one book, finds it, then stumbles over another that looks worthwhile. In such moments the very heart of retailing lies and if shoppers suddenly ceased to buy on impulse, believe me, our entire economy would collapse… Anyways, when our book shopper stumbles upon a second worthy volume, she then begins wishing she had a basket to make life a little easier. And if at that exact moment a basket suddenly materialized… then she would probably take one. And then, perhaps, go on to buy book number three and four. Maybe even a bookmark. (page 55-56)

‘The 4-Hour Work Week’ by Timothy Ferris: Owning Things vs. Experiencing Things

'The 4-Hour Work Week' by Timothy Ferris

I spent last Sunday at Crossword book store in Kemps Corner, reading Timothy Ferris’s ‘The 4-Hour Work Week’.

Given Tim’s ‘live it up’ image, I expected it to be a book about having more; instead, it turned out to be a book about finding happiness in having less.

The basic premise of the book is that we have a choice between work and leisure. An income of $100000 a year means very different things when it requires a 60 hour work week and a 40 hour work week. At more than 60 hours a week, typical of Asia and America, it inevitably results in stress-related health disorders. At less than 40 hours a week, typical of Europe, it results in a happy work-life balance. At 4 hours a week, typical of Tim, it means nirvana.

Tim is not for or against consumption. Instead, he differentiates between three types of consumption — spending money to own things, spending money to enjoy experiences, and spending money to free up time for the experiences. Tim believes that having new experiences is the key to happiness, that owning things distracts us from the pursuits of new experiences, and that time and not money is the limiting factor in having experiences. Most of us work too long, own too many things, and enjoy too few experiences. Tim’s mantra is to work as little as possible, own as little as possible and free up all your time and money for enjoying experiences.

Why Time Out Mumbai is a Necessity for Me

Time Out Mumbai

I haven’t watched TV or read newspapers or magazines for more than a year now, with one exception — twice a month, I stop by at the roadside magazine stall opposite my house and hand over thirty rupees for a copy of Time Out Mumbai.

However, even though I have been buying the magazine for almost two years now, I only started to think of it as a necessity when I started my experiment.

The thing is, when you decide not to consume any paid entertainment, you need to know what free entertainment is available in the city, and, even in the age of free information via the Internet, Time Out Mumbai remains the most comprehensive listing of such events.

So, every fortnight, I pick up my copy of Time Out Mumbai, read the reviews of all the new movies and plays I wouldn’t watch, look longingly at all the live music gigs I’ll miss, and tell myself that the few free events during the fortnight are more interesting than all the entertainment I would have otherwise paid for.

Sometimes, that is not far from the truth.

This fortnight, for instance, I’m almost spoiled for choice.