We humans instinctively categorize, especially people. We are amateur primitive set-theoreticians. There are infinite ways to categorize people since humans have a humongous number of characteristics.
Consider the categories of people who award prize and people who win prizes. In my view, people who institute prizes belong to the most prestigious set. I order the sets as:
People who institute prizes.
People who win prizes.
People who don’t win prizes.
People who award themselves prizes.
For example, Alfred Nobel belongs to the first set; Einstein to the second set; ordinary grunts like us, who never come within shouting distance of any prestigious award make up the majority of humanity, belong to the third set. We are mostly harmless and generally unimpressive. Continue reading →
The word nepotism and the name Narendra Modi do not belong in the same sentence. Just read this piece The Other Modis (Dec 29, 2017 2016) in the IndiaToday magazine.
While the story is very interesting and it does show up as a shining exception to the pervasive nepotism of politicians, I am not too touched by the neglect of one’s family. Family and friends matter because they are our support and our inspiration. Certainly, nepotism is bad but not caring deeply about one’s flesh and blood is not a virtue. Continue reading →
Celebrated economist Thomas Schelling died today at the age of 95. He was the recipient of the 2005 Nobel Memorial Prize in Economic Sciences for “having enhanced our understanding of conflict and cooperation through game-theory analysis”. I note his passing because he was instrumental in my recognizing that I belonged to his tribe — that I was at heart an economist. Mere accident led me to pick up his book Micromotives and Macrobehavior (1978) at the Sunnyvale Public Library sometime back in the early 1990s. He received his bachelors degree in economics in 1944 from UC Berkeley, my alma mater. Continue reading →
We’ll know on Nov 8th which fork in the road ahead the US takes. Since I value freedom, I cannot ever support either of the major parties but I hope that Clinton does not win. But it looks like she will. Anyway, here’s my favorite commentator, Pat Condell, on what’s in store for the US.
Mr Lee Kuan Yew was a sage. Politicians are generally vile, myopic, self-serving, stupid, vacuous windbags. That Singapore had a Confucian sage for its first prime minister is amazing. Too bad Singapore is a small country. Imagine if LKY had been the first prime minister of India. India’s economy today would probably have been about 10 times that of China, instead of being 1/5th that it is today. Continue reading →
The concept of deterrence is the credible commitment to retaliation by one party to convince another party to not initiate force. If one party can convincingly persuade another party that any act of unprovoked violence will be met with equal or greater violence, that would constitute effective deterrence. The assumption is that both parties are rational. Here rational is defined as apprehending a situation accurately and acting in one’s own self-interest. Gandhi did not understand this simple idea, being blinded by his admiration of the Christian bilge about “turning the other cheek”.