Month: January 2026

Atanu Dey on Gandhi

Gandhi with his nubile young ladies. Courtesy: grok.

AI agents are the coolest innovation of our modern world. Every time you turn around, one more appears. It’s becoming hard to keep up with the advances. I am amazed. So should you be. Just for fun, I gave grok a simple prompt: “Summarize Atanu Dey’s views on Gandhi.”

Here’s the response. Begin quote:

Atanu Dey, an economist and classical liberal, holds highly critical and negative views on Mahatma Gandhi (whom he often refers to as Mohandas K. Gandhi to reject the “Mahatma” title as inaccurate and undeserved).

Based on his blog posts, X (formerly Twitter) statements, and writings, Dey portrays Gandhi as one of the most harmful figures in history, responsible for perpetuating India’s poverty, misery, and underdevelopment. He dismisses Gandhi’s deification as a myth propagated for political control and argues that Gandhi’s ideas and actions were delusional, manipulative, and evil. Below is a structured summary of Dey’s key opinions across themes, drawn from his own content. Continue reading “Atanu Dey on Gandhi”

General Equilibrium

Indra’s Jewel Net

“General equilibrium is the statement that all the different parts of the economy influence each other, even if it’s remote, like mortgage-backed securities and their demands on automobiles.” — Kenneth Arrow

Economists rediscover Indra’s jewel net.

During my graduate school days at Berkeley, I once asked my advisor how she would characterize me. She replied, “You’re an old-world liberal. A classical liberal.” It took me several years to fully understand what she meant and how accurate her assessment was.

The dharmas (Sanatan dharma, Buddha dharma, and Jain dharma) have the concept of reincarnation. Some elements of a particular consciousness get transmitted from one life to another and are reborn in another particular consciousness. It’s possible. And there’s quite a lot of evidence that it could be true.

When I began learning about classical liberal ideas, it was as if I already knew them implicitly but was now merely learning the associated vocabulary. I conjecture that I am in some sense a reincarnated classical liberal.

My advisor was a tough woman. She had served her time in the Israeli army before getting her economics PhD. She was an expert on computable general equilibrium models. (See the notes to this post for a description of CGE models) I looked into them for a few months and concluded that they did not interest me. I was more of a price theory person, not into general equilibrium. Continue reading “General Equilibrium”

Reflections

The historic center of Coro, a UNESCO World Heritage Site in Venezuela.

“‘I sometimes think,’ said the Eternal, ‘that the stars never shine more brightly than when reflected in the muddy waters of a wayside ditch.'”

Maduro

On January 3rd, the US Delta Force captured Nicolás Maduro, the dictator of Venezuela, in an overnight operation in Caracas that caught Maduro off-guard. The action was planned for months and executed flawlessly without a single US casualty.

Time.com reports: “President Nicolás Maduro of Venezuela and his wife, Cilia Flores, were seized in a pre-dawn raid in Caracas by American special operations forces, the culmination of months of covert intelligence work and steadily escalating military pressure ordered by President Donald Trump to oust the authoritarian leader. The operation, officials said, unfolded in less than half an hour overnight but drew on weeks of rehearsals and a vast armada of aircraft and intelligence assets that tracked Maduro’s behavioral habits.”

Maduro and his wife were transported to New York to face drug‑trafficking charges. It appears to be the stuff that military action movies are made of.

No doubt there will be a movie soon.

Venezuela has the largest proven crude oil reserves in the world. The crude is heavy and requires petroleum refineries that can handle it. Venezuela does not have the capacity and depended on the US gulf coast refineries. Continue reading “Reflections”