Author: Atanu Dey

Economist.

Convergence

I concluded the post on well-being with: “The trend of increasing wealth, income and consumption is undeniable. The question is what is the trend in inequality? And what of well-being? While the level of well-being is undoubtedly rising around the world, is it also becoming more unequal?”

The world is unequal in terms of wealth and income for certain. Empirical evidence shows that inequality in wealth and income is increasing monotonically. Since wealth and income are positively correlated with consumption, and are also causally linked, one can conclude that inequality of consumption must be growing as well. It is.

That much is clear. Now let’s talk about well-being. What is it? It’s a feeling of being well. It’s about having our needs — physiological, psychological, emotional — satisfied. These needs are met through consumption. We consume water to meet the physiological need to satisfy thirst, for instance. We need stuff to meet our needs; stuff that may be in short supply relative to demand. Continue reading “Convergence”

Magic

I love anything that evokes a sense of childlike wonder in me. Magic does that to me.

I have loved magic shows ever since I was little. My father would take us to P. C. Sorcar’s magic “INDRAJAL” shows, which generally showed up in Nagpur every couple of years.[1]

Unfortunately, I did not get to watch any live magic shows since my childhood. Fortunately, these days I can watch the best of them on the internet. Granted that it’s not the same as a live performance but in some senses it is better — you get a much more intimate view of the show. Continue reading “Magic”

Vitamin D

This is a public service announcement: Take vitamin D supplement.

Fun fact: most people are deficient in D. People in higher latitudes naturally receive less sun during winter months and therefore produce low amounts of D of course, but even in tropical countries like India, people are D deficient.

I’ve been taking daily vit D3 supplements for the past 10+ years. (Image of the D3 I get from Costco.) I like to think that fact may be causally related to the fact that I’ve not contracted the Chinese corona virus yet.

Good news is that D3 is pretty safe. Here’s Dr John Campbell on the topic. I’m a big fan ever since the pandemic started. Watch: Continue reading “Vitamin D”

Starship

What a stunning beauty!

An historic event is likely to happen tomorrow — the attempted orbital launch of SpaceX’s Starship from Boca Chica, TX.

Elon Musk is cautious in his expectation. He believes that if it does not blow up on the launch pad, it’ll be a success. It could blow up. As he put it, “Success maybe; excitement guaranteed.”

I am already excited.

(Click on the image to embiggen. Credit: SpaceX.)

When will be the launch? The launch window opens tomorrow 17th April, Monday, 7 AM Central. See end of post for details.[1] (For viewers in India, that will be Monday 5:30 PM.) Set your alarms for the webcast which beings 45 minutes before launch. Continue reading “Starship”

China and the US

Douglas Murray is arguably one of the sharpest observers of the contemporary world. He’s a worthy successor to the late Christopher Hitchens (whom he knew very well.)

Every piece that flows out of his pen is brilliant. He is a prolific writer and commentator. He wrote his first book at the tender age of 18; his recent books are “The Madness of Crowds,” “The Strange Death of Europe,” and “The War on the West.” He writes for the NY Post, the Spectator, and The Telegraph.

His April 7th piece for The Telegraph is  particularly worth noting. Here’s a slice: Continue reading “China and the US”

Good God – Part 2

In the previous bit, I claimed that the monotheistic religions’ concept of god has no counterpart in the dharmas (Hinduism, Buddhism and Jainism.) In the former set, you have an entity that creates the world much like a watchmaker fabricates a watch. The watchmaker and the watch are necessarily distinct. They describe the world with an engineering metaphor. The world is a fabrication.

In Hinduism, however, the world is not a fabrication but is an expression of the ultimate reality or “Brahman.” Nobody knows what Brahman is but whatever it is, it pervades the entire world, and is in fact congruent with the world. Brahman is not a creator god because all of existence and Brahman are identical. Continue reading “Good God – Part 2”

Good God – Part 1

Even if syntactically correct, some questions and propositions are not well-formed. Chomsky famously illustrated this with a sentence — “colorless green ideas sleep furiously” — which though grammatically correct is meaningless. It is syntactically fine but devoid of any semantic content.

I think the question “Do you believe in god” to be an example of a question that is syntactically fine but is semantically pure nonsense. Why? Because the word “god” is imprecise and undefined in the general context. The most appropriate response to that question is “what do you mean by that?” Continue reading “Good God – Part 1”

Ides of March

Today, the 15th of March, is the ides of March.

All sorts of bad things happen on the ides of March. In 1876 on the ides of March, test cricket was born with a match between England and Australia.

Julius Caesar was warned by a soothsayer to “beware the ides of March.”  Julius disregarded the warning and on this fateful day in 44 BCE he fell dead, assassinated by his friend Marcus Brutus.

Shakespeare wrote that it was the “most unkindest cut of all.” (Unkindest, or most unkind — choose one, Bill, not both). Mark Anthony at the funeral orated:

Oh what a fall there was my countrymen.
Then you and I and all of us fell down,
whilst bloody treason flourished over us

Continue reading “Ides of March”

Happy Birthday, Albert

Is Albert even a real German name, I wonder. Sounds English to me. Like the name of a character in a Wodehouse novel. Einstein should have had a good German first name. I know Germans with authentic German names — Karl, Ludwig, Hermann, Amadeus, Bodo, Arnold, Dieter, Konrad, Dagmar.

Anyway, today is Albert Einstein’s birth anniversary. Born in Ulm in Germany on March 14, 1879, he died on April 18, 1955 in Plainsboro, NJ, USA.

I’ve been to many places Einstein is associated with — including Ulm, Bern (Swiss Patent Office), Princeton NJ (Institute for Advanced Study), etc.

The US has this weird convention of writing dates as MM/DD instead of the DD/MM which the rest of the world follows. So today is 3/14 in the US but it is 14/3 elsewhere. One gets used to it, just like you get used to flicking switches up to turn them on, whereas (say, in India) switches are turned on by flicking them down. Fortunately, we do drive on the right side of the road, both literally and figuratively.

So today is considered pi day in the US. Happy Birthday, dear Albert. And Happy Pi-Day to you.

Related post: Einstein — the physics giant and the economics dwarf.

Well-being

View of the hills from the Costco Business Center in San Jose CA.

You’ve probably heard this story. A man was relaxing by the sea shore one morning. A passing wealthy man asks him why he was just sitting idle. “I am enjoying the day, now that I’m done with fishing for today,” he replied.

“Why don’t you go catch more fish?” the wealthy man asks.

“And why would I do that? I have enough for now.”

“You could make more money if you caught more fish. Then you could buy another boat. And then you would be able to catch more fish and end up with a large number of boats. Then you’d be wealthy.”

“And then what?” asked the fisherman.

“Then you would be able to have a relaxed life, free from worries.”

“Well, I’m doing that already, am I not? Then what’s the point of going through all that trouble?” Continue reading “Well-being”