Month: January 2024

Biology and Economics

Charles Darwin at age 7 in 1816.

The relationship between economics and biology is historically important. The core idea in biology is Darwin’s theory of the origin of species through natural selection. Charles Darwin (1809 – 1882) was not the only one to come up with that. Around the same time, Alfred Russel Wallace (1823 – 1913) also proposed the mechanism.

Wallace was “an English naturalist, explorer, geographer, anthropologist, biologist and illustrator. He independently conceived the theory of evolution through natural selection; his 1858 paper on the subject was published that year alongside extracts from Charles Darwin’s earlier writings on the topic. It spurred Darwin to set aside the “big species book” he was drafting and quickly write an abstract of it, which was published in 1859 as On the Origin of Species.” [wiki] Continue reading “Biology and Economics”

Javier Milei

Tully Road San Jose CA

I was delighted to hear Javier Milei’s address to the 2024 annual meeting of the World Economic Forum at Davos, Switzerland. He was absolutely devastating in his support of free-market capitalism and his opposition to big government. After becoming the president of Argentina last month, as a committed libertarian he wants to set his country on a path to economic growth by reducing the size of the government. Continue reading “Javier Milei”

Marwa Blues

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Rashid Khan, a preeminent Hindustani classical vocalist of the Rampur-Sahaswan gharana,  passed away on Jan 9th. He was only 55 years old. The man was incredibly good. Here’s a traditional song sung by Rashid Khan and Saurabh Kadgaonkar. It’s from the movie “Me Vasantrao“. Lots of great music there. I note that they included a harp in the composition — unusual in Hindustani classical. Continue reading “Marwa Blues”

Humans

J. B. S. Haldane had gloomily observed that “the world shall perish not for lack of wonders, but for lack of wonder.” The world is overflowing with wonders, and yet we take them all for granted, seldom stopping to marvel at them.

Fortunately we have the means literally at our fingertips to learn about them and how they came to be. I spend a good deal of time on the internet (Youtube channels, particularly) appreciating the advances humans have made in science, technology and engineering that made the wonders possible.

The economics point of view is particularly helpful in understanding how the modern world works. Except for the most recent dozen or so generations, all previous 10,000 generations of our ancestors lived lives of extreme poverty and deprivation that we cannot even imagine. We are the fortunate ones. Continue reading “Humans”