Self-Control as Determinant of Economic Progress

Professor M.M .Goel

Prof. M .M. Goel

 (Samajweekly) For the socio-economic progress in macro and micro sense, we need self-control which is a determinant and cause for all the thoughts and actions in life. Our actions make us good if not great human beings needed in society today. The commitment to objectives motivates us to create history. The willpower within us is created by self-control which leads us to socio-economic progress. Patience, control and commitment define self-control. We perform the right actions when under self-control. It is in public interest and wellbeing. The kite flies high till in control of the flyer and falls down when lost control is a  lesson for all of us to remember for developing self-control in all walks of life. The beauty of personality and character is feasible with self-control. We can enhance our credibility with self-control. The hurdle faced in new ventures can be minimised with self-control and stabilised mindset. Our commitment will be strong to reach the destinations and well-defined objectives with self-control only. To change the direction of lives individually and collectively, we have to change our looks, actions and words as law of the land with self-control.

Self-control is the ability to regulate and alter your responses in order to avoid undesirable behaviours, increase desirable ones, and achieve long-term goals.  It has been revealed by research that possessing self-control can be important for health and well-being.

Common goals such as exercising regularly, eating healthy, not procrastinating, giving up bad habits, and saving money are just a few worthwhile ambitions that people believe require self-control.

we use a variety of terms for self-control, including discipline, determination, grit, willpower, and fortitude. Psychologists typically define self-control as the ability to control behaviours in order to avoid temptations and to achieve goals

The ability to delay gratification and resist unwanted behaviours or urges needed in present times of covid era. A limited resource that can be depleted can be used for more time with only self-control. Still, some researchers believe that self-control is partly determined by genetics, with some just born better at it than others.

Self-control in our day-to-day life is very important. The 2011 Stress in America survey conducted by the American Psychological Association (APA) found that 27% of respondents identified a lack of willpower as the primary factor keeping them from reaching their goals.  The majority of people surveyed (71%) believed that self-control can be b learned and strengthened.

It has been found by the researchers  that people who have better self-control tend to be healthier and happier, both in the short-term and long-term.

In one famous 2005 experiment, students who exhibited greater self-discipline had better grades, higher test scores, and were more likely to be admitted to a competitive academic program. The study also found that when it came to academic success, self-control was a more important factor than IQ scores.6

The benefits of self-control are not limited to academic performance. One long-term health study found that high levels of self-control during childhood predicted greater cardiovascular, respiratory, and dental health in adulthood, as well as improved financial status.

Being needonomist, I believe that we have to adopt the needonomics school of thought flowing from Gita as the economics of needs and no to geed. This call for self-control on consumption, production, distribution and exchange as rational behaviour of all the stakeholders in the economy for removing stress caused by the pandemic in present times.

* Vice-Chancellor, Starex University, Gurugram and Founder Needonomics School of Thought    http://www.needonomics.com, www.starexuniversity.com

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