Author: Atanu Dey

Economist.

Kanchan Gupta: Dynasty above Democracy

Democracy, like the other great invention of mankind, is a great organizing principle underlying modern societies. But both have quite strict preconditions to be met before they deliver the goods. Economists understand that markets fail under specific circumstances and have figured out mechanisms to guard against those. Similarly, I believe that the implementation of the abstract idea of democracy depends on the specifics of the situation. In India’s case, the outcome is what I call a cargo cult democracy (see my post “Cargo Cult Democracy” May 2004). Kanchan Gupta’s article, “Dynasty above Democracy“, illustrates one particularly ugly feature of Indian democracy — the Nehru-Gandhi dynasty and its baleful effect on India. Experts below, for the record.
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Online course on game theory at Stanford University

Besides being very useful, game theory is fun. A broad liberal education should include at least the basics of game theory, just as it should include the fundamentals of microeconomics. Indeed, game theory is one of the most important tools in the study of microeconomics and political science.
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Debate on Huffington Post: Is Yoga a Hindu Practice?

Yoga is a friend of mine whose full name is Yoganand. He’s a Hindu and I have yet to meet a non-Hindu named Yoganand, or even Yoga or Anand. Not conclusive proof that Yoga is a Hindu practice but it does lend some support to the claim that yoga is a Hindu (and the religions related to it, Buddhism and Jainism) practice. Yoga is a Sanskrit word which shares the same root as the English verb “yoke” — to join. Yoga aims to join a consciousness with the Consciousness. Anyway, go check out the debate on Huffington Post. You will first have to vote on what you position is on the question, then read the debate and cast your vote again. They want to see how many minds are changed as a result of the debate. (Note that the “before” and “after” numbers don’t really tell you how many people actually changed their minds. See below.)
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Sam Harris: Islam and the Future of Liberalism

The word “liberalism” denotes two almost opposite set of ideas. To distinguish between the two, it has become necessary to qualify the term. “Classical liberalism is the philosophy committed to the ideal of limited government, constitutionalism, rule of law, due process, and liberty of individuals including freedom of religion, speech, press, assembly, and free markets.” In contrast to that, “social liberalism is the belief that liberalism should include social justice. It differs from classical liberalism in that it believes the legitimate role of the state includes addressing economic and social issues such as unemployment, health care, and education while simultaneously expanding civil rights. Under social liberalism, the good of the community is viewed as harmonious with the freedom of the individual.” It is social liberalism that Sam refers to in a piece on his blog. Excerpts below the fold, for the record.
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Go have some of my Soup

Atanu's Soup
Atanu's Soup

If you have not checked out My Soup, it is time you did. It’s a tremendous waste of time but fun. (Most waste of time has to be fun otherwise why would anyone waste time?) While there, you must listen to Maria de Barros singing “Nha Mundo.” Pay attention to the sax in the background.

Antonia Maino aka Sonia Gandhi is #4 “Richest Politicians”

Business Insider has a short feature, “Meet The 23 Richest Politicians In The World“, and Dr Manmohan Singh’s boss, Ms Antonia Maino aka Sonia Gandhi is listed as the 4th richest with wealth estimated between US$2-19 billion. This must have given Kapil Sibal and Digvijaya Singh the conniptions, and I am sure that it lends more weight to Dr Subramanian Swamy’s charges against AM aka SG. I am of course thrilled and here’s why.
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Indian court orders “compulsory license” of Bayer’s cancer drug

This opens up an interesting can of worms. But first, here are some excerpts from the Huffington Post article “India Cancer Ruling Opens Door For Cheaper Drugs”:
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