Thursday, February 20, 2014

Links

Hours of work increasing or decreasing? from The Economist. I wonder whether after hour work which seems to becoming common among white collar workers is counted.
James Bessen on the jobless future, not quite convincing.
Death of Indian workers in Qatar from The Guardian
Not surprising collusion to keep the wages down, this time from Silican valley
Larys Syll on Mankiw's problem
Foreign Policiy on the Thai Malaise "The second challenge, seen in attempts to disrupt voting in Bangkok and elsewhere, concerns the logic of electoral politics. Now that voters in the north and northeast have been mobilized to vote as a bloc, the Bangkok middle classes and their southern allies face the real prospect that they will never again choose a government to their liking. "
Andrew Gellman on Richard Florida
Why BJP voted for the bill in spite of earlier objections "But the RSS helped the BJP make up its mind. The diktat from Nagpur was clear: Support Telangana. This is our old agenda and there is a great scope for BJP to grow in Telangana. This is much more than what can be achieved in Seemandhra." from a TOI article.

More of Mitchell Johnson coming

Another bout of Mitchell Johnson coming and The Guardian has an article and my reaction. In all this experiments with measurements, I am not sure whether what you do instinctively ( which may come from practice, particularly when young) is really be measured. Or may be there is a series of mental calculations going on right from the moment the bowler starts his run; his gait, eyes, etc...and the body is already in the process of reacting, and correcting. There is a theory that our brains are prediction- generating machines. At least, that seems to be one aspect of it. See Carl Zimmer's article. 

Chris Dillow on the benefits of English

"Deirdre McCloskey has estimated that around a quarter (pdf) of US GDP is talk: think of lawyers, salesmen, journalists and managers among others. The proportion is so large because communication facilitates trade, entrepreneurship and the division of labour. It's difficult to buy and sell without talking - at least if the products are complicated. The division of labour requires coordination between individuals, which requires communication. And you learn about profitable opportunities through listening and reading." from The Benefits of English. Some commenters disagree.

Monday, February 17, 2014

Relevant Academicians needed

Nicholas Kristoff Professors, we Need You "SOME of the smartest thinkers on problems at home and around the world are university professors, but most of them just don’t matter in today’s great debates." via Ramarao Kanneanti timeline. Ramarao remarks " But, we can surely simplify enough to explain to educated outsiders. By relating to the models that they are familiar with, we can even make it relevant." My response "What you said is possible in the usual sciences and there have been some excellent writers even at the blog level from Sean Caroll to Carl Zimmer and Ed Yong. Possibly people tend to emphasize their own areas and at the very small level our intutive concepts do not seem to work. Also there is the problem of university publicity machines pushing their own 'breakthroughs'. I have more problem with social sciences including economics. People like Mankiw and Krugman seem to start from the same basics, write clearly and say different things. It is not clear to me how sound the foundations are. Their conclusions probably come from their political biases. Dissenting views are ignored or suppressed. For example the empirical work of David Card or those of Marxist writers like Paul Mattick who long ago disagreed with Keynes. Now many seem to agree with some of his analysis and it is becoming clearer with the work of Thomas Piketty. Card explained his problems "I've subsequently stayed away from the minimum wage literature for a number of reasons. First, it cost me a lot of friends. People that I had known for many years, for instance, some of the ones I met at my first job at the University of Chicago, became very angry or disappointed. They thought that in publishing our work we were being traitors to the cause of economics as a whole." So politics seems to play a role in social science literature and makes it difficult for us to trust the experts even when they write clearly."

Some ancient wisdom about producing public intellectuals "VI-iv-18: He who wishes that a son should be born to him who would be a reputed scholar, frequenting the assemblies and speaking delightful words, would study all the Vedas and attain a full term of life, should have rice cooked with the meat of a vigorous bull or one more advanced in years, and he and his wife should eat it with clarified butter. Then they would be able to produce such a son."  from Brihadaranyaka Upanishad via http://therationalfool.blogspot.com.au/2006/12/bulls-biltong.html   
An earlier article in Foreign Policy discusses "Why  does so much of the academic writing on international affairs seem to be of little practical value, mired in a "cult of irrelevance"? "
See also Atul Gawande article Cowboys and pit crews : " the reality that medicine’s complexity has exceeded our individual capabilities as doctors."

Sunday, February 16, 2014

Rahul Banerjee on grassroots vs electoral politics

in his blog Anarkali. More discussion on his timeline. Excerpt:
"That is why there has been a veritable flood of people from the grassroots movements joining AAP. However, these people have not really analysed the winning methodology of AAP which involves sticking to anti-corruption and populist promises and then spending fairly large amounts of money to get the message across. After all even if you have a large number of volunteers working free you have to spend a lot of money to feed and house them and provide them with mobility and telecom connectivity apart from spending on publicity materials. The AAP was able to mobilise funds and voluntary support through an innovative campaign on the internet. It mustered Rs 20 crores which is a huge amount. However, currently the fund mobilisation is much less and stands about Rs 8 odd crores with the daily contributions having trickled down. To fight the Lok Sabha elections will require Rs 2 crores per seat if they are to be fought in the same way as the Delhi elections were fought by the AAP and therefore to fight even the announced 100 seats which have corrupt representatives the AAP will require 200 crores for a winning effort. This is something that the grassroots movement people who are migrating to AAP will have to come to terms with because the AAP does not have this kind of funds with it and so individual candidates will have to fend for themselves!!! In KMCS we discussed this thread bare and eventually came to the same conclusion as before that those who wanted to contest elections whether of Panchayats, assemblies or parliament were free to do so but would have to mobilise resources on their own and if needed they could join political parties. Many members of the KMCS are simultaneously members of the Congress, BJP or BSP. Now some like Shankar have become members of the AAP. 
So there is no confusion as there are many in the KMCS who are still not affiliated to any party and are committed to go on fighting at the grassroots for a decentralised social system which is just in all respects including the most important matter of gender equity. There will always be enough scope for such mobilisation within a liberal democratic system.
The AAP itself is going to face many hurdles to remain true to its ideals. The Socialists and Communists or say even the Hinduvadis of the RSS were very committed and upright in the beginning but the exigencies of acquiring and retaining power through elections have corrupted them. Kejriwal and a few at the top of AAP can remain true to their ideals but it will be difficult for them to keep their whole flock on the straight and narrow path of incorruptibility. Nevertheless at the moment the AAP is a progressive party within the liberal democratic set up and so it should be supported in every way to provide a better alternative than the Congress and the BJP which are both stooges of global capital."

Looking for bottle gourds


Friday, February 14, 2014

How to make economics a realist and relevant science

by Lars P.Syll here

The Demographic Cliff

Harry Dent on a promotion tour of his book The Demographic Cliff: "He discovered that he could predict what he calls the “spending wave” according to people’s age. At that time the postwar baby boom generation were having children and reaching the peak of their lifetime spending – not just on mortgages, but nappies, food, school fees and all the other extras that come with raising children.
The problem comes as that large generation passes its spending peak – at 46 in the US and about 47 in Australia, the UK and other western countries – and starts planning for retirement. This is the crux of his pessimistic world view.
“For the first time in history, the generation following is smaller. I spotted this first with Japan in 1988-89 where their demographics were turning. Everyone thought the 90s would see Japan pass the US and become the biggest economy in the world, but it collapsed and has been in deflation ever since,” he explains.
“The same thing is now happening in the US and Europe, especially southern Europe. Everyone thinks that in the current crisis we are fighting a debt bubble but it’s not a temporary financial crisis, it’s a demographic crisis.""
" Dent says he will apologise if he’s proved wrong, which he acknowledges could happen if central banks revert to their printing presses rather than slowing monetary stimulus as many are now doing.
“If we don’t see something starting to crack soon, a 20-30% fall in the stock market, for example, I’ll apologise. Governments will have pulled it off again and kicked the can down the road."
P.S. He has some advice here, mainly for Americans. His track record Concept better than reality
P.P.S. According to Wikipedia "The basis of Dent's research is the highly predictable nature of consumer spending based on a family's formation pattern: minimal spending as young adults, increased spending while rearing children, peaking their spending as their children leave home, and then slowing spending during the last 15 years of working life (48-63) while saving more and preparing for retirement." and after that many of his predictions have been off.

Wednesday, February 12, 2014

More about books

I read books off and on and more articles these days. I am not sure about the value of reading books and recommending them to others. But I suppose that we have to use accumulated knowledge and reading provides a part of it. Many in earlier times before internet were written by winners and their cohorts and it is not clear which books one recommends to others, particularly one's own grown up children. I guess the important idea come through anyway through articles and it is not really necessary read books apart from some poetry. Following a discussion elsewhere, I have come up with two books , one not published yet in English. In the kind of social, economic and political areas I am interested in and have very little expertise, I think that these two help us to think for ourselves emphasizing on the data over long periods to gather, seeing the components, and analysing. The first is volume one "The sources of Social Power" by Michael Mann and the second "Capital in the 21st Century" by Thomas Piketty.

Tuesday, February 11, 2014

Democracy in India in the old days

Arvind Kejriwal's vision Arvind Chitra Katha by Shekhar Gupta (via Rahul Siddharthan's timeline)
Democracy of a high standard-ancient example by Dr. R.Nagaswamy
A recent example: The Making of Authority: Anna Hazare in Ralegan Siddhi

Monday, February 10, 2014

Neecha Nagar 1946

reviewed by Dustedoff. One of the comments "After watching this film a boy from kolkatta wrote a letter to chetan anand, appreciating the film and expressed his desire to become his assistant director…………… chetan anand never replied to that letter and years latter this boy from kolkatta became a very big director and when he went to the pune film institute he met chetan anand and revealed this fact to him ……………. the boys name was ”Satyajit ray”."
Recently, Minai discussed the film and Uday Shankar in 

Zohra Segal's Shankar-Style Choreography in Neecha Nagar (Hindi, 1946)

See also Kamini Kaushal in the second dance 

Quote

"Capitalism survives by the vaccine of revolution." from Beware of geeks bearing revolution

News factories

"In the previous eight months, Packer's TV network had become a kind of Corby innocence factory, taking the unlikely material of a part-time beauty student accused of drug smuggling, and forging from her a martyr. The story, which Nine sewed up early with exclusive access agreements, made the network millions, and ultimately ensured Schapelle Corby became a household name, and a part of the zeitgeist.
"I said to Kerry, 'What do you think? Is she guilty'?", Costello recalls asking. "And Kerry said, 'Yes, I think she is.' I remember saying, 'But Nine is the cheerleader for her innocence.' And Kerry told me that this was how current affairs TV works - the audience was totally convinced of her innocence and so the network goes with what the public feels passionate about." from The Age. There is also more about how some are still making money out of the affair. 

Sunday, February 09, 2014

Piketty type arguments

and his data are being used even before his book is out in English. From  Karl Smith in FTAlphaville:
"As the quantity of capital increases, the return to capital is driven down. Eventually, the return to capital falls below the growth rate of the economy, and the value of the capital stock starts to shrink. This shrinking arises from the same dynamics that Piketty evokes to explain the growth in capital values over time. It is all about the return on capital vs. the growth rate of the economy...................
I am a fan of Piketty’s brute mechanistic approach. It is one that I have employed myself and on much the same question. It is one that led me to conjecture, and still suspect, that landlords are the once and future global plutocracy. And this happens precisely because all wealth is not created equal and some forms are more persistent and pernicious than others.
In the wake of the subprime crisis, I understand the temptation to rally against big banks and global finance. However, Lehman Brothers is dead. Sam Zell, founder and CEO of Equity Residential, is still alive. This is not an accident. The future does not belong to high flying titans. It belongs to dogged men and women who squirrel away rent checks when times are good, and buy your home when times are tight. This is the tyranny of land. Ignore it at your peril."
From an earlier post of Karl Smith Piketty and the case for land capital "...I think I’ve seen enough to identify a point of confusion that has led both defenders and critics of the book astray. Piketty uses the term capital to refer both to capital as classical economists understand it, and land. Now, neoclassical equations of the type Piketty employs rarely give reference to land, focusing solely on capital and labor. "
I guess the point is that lot of the return on this part of the capital is probably going to classes other than the those in the top and may not be contributing that much to the inequality. Moreover this part is not carefully studied and the land taxes vary from place to place. May be this is why Karl Smith's reading of inequality (comparison of r,g)  is different from Piketty's. I do not know. But with this kind of economic thinking with more refined data may be accessible to the general public.

The tyranny of minority of one in Victorian parliament

"The balance-of-power MP had wanted Speaker Ken Smith's scalp, and by 2.10pm on Tuesday, Smith was gone. He wanted his friend Christine Fyffe promoted instead, and by 3.15pm that day, she was.
And yet within hours, Shaw was at it again, siding with Labor to sink the government's business program, complaining that no one briefed him on it. Later, when Attorney-General Robert Clark briefed him on a bill for a new parliamentary budget office, he voted against it anyway. As one senior Liberal told The Sunday Age: ''We are sick to death of this.''
That's the thing about Shaw. He's unpredictable, erratic, hard to read. He says he despises Labor, yet will happily collude with them to flex his political muscle. He claims to hate the ''vulture'' media yet clearly thrives in the limelight, even telling colleagues last week that he hoped his new beard would guarantee front page coverage. And he makes bold demands - a chauffer-driven car to guarantee safe passage to work was the latest example - but doesn't like it when his needs aren't met. Just ask Ken Smith." from Geoff Shaw makes his mark in Victorian politics

Friday, February 07, 2014

Three articles by K.Balagopal on C.B. Naidu

Apparently Chandra Babu Naidu is a standby PM candidate for some coalition. Here are some articles about him. There may be many more and some better ones. But these give some idea of CBN.

Politics as property October 1995: "Like any man who was born in a four-acres-of-dry-land peasant family from backward Rayalaseema and has made for himself umpteen crores by the time he is 40. he is abundantly endowed with what capitalism calls enterprise. But going beyond making money for himself and his cronies, he claims the vision necessary to structure a modern capitalist society endowed with the characteristics
required to reproduce itself as a matter of course. This, as we have said, is one vision that underlay the rise of the Telugu Desam Party."

A long reflective article during the middle of Naidu reign June 1999 The Man and the Times (It is for me more difficult to copy and paste from here. But this seems to be a very crucial article)

After his defeat Beyond Media Images June 2004, "Y S Rajasekhara Reddy, the new chief minister has given the impression of being a man who cares for the classes neglected by Chandrababu Naidu’s model of development. Whether that is really so, is extremely doubtful. That those classes have reposed trust in the Congress Party under his leadership is clear: the issues of irrigation and employment appear to have contributed to the defeat of the Telugu Desam Party, augmented by the desire for a separate state in the Telangana region."

Thursday, February 06, 2014

On the rise of robots

Martin Wolf reviewing the "The Second Machine Age" by Erk Brynjolfsson and Andrew McAfee says (google the title if the link does not work, See also Yves Smith (Susan Webber) commentary http://www.nakedcapitalism.com/2014/02/martin-wolf-sounds-cautionary-note-rise-robots.html) in If robots divide us, they will conquer:

"There are good reasons why people should be disturbed by this. First, the lives of those at the bottom might get worse: the authors note that the life expectancy of an American white woman without a high school diploma fell five years between 1990 and 2008. Second, if income becomes too unequal, opportunities for young people dwindle. Third, the wealthy become indifferent to the fate of the rest. Finally, a vast inequality of power emerges, making a mockery of the ideal of democratic citizenship."

About Satya Nadella

Dalel Benababaali has several posts where many have been wondering about his caste status and feeling proud that he is from their caste. It seems that his father was not keen about such things and very few knew about his caste identity "Satya Nadella's father Yugandhar is known as a very committed, straight-forward civil servant, and nobody knew his caste during his tenure because he didn't wear any surname suggesting it. He apparently says publicly that he hates Eenadu publication [which deliberately puts his caste title]. Satya's father in law K.R.Venugopal too is a class apart among civil servants, and respected among progressive and dalit intellectual circles. Now, some stupid paper writes his name as Yugandhar 'Naidu', while some other casteist papers identify his son as Satyanarayana 'Chowdary'. Nobody has felt any shame in the fact that Mr.Yugandhar shut his door to media, and switched off his mobile and disconnected his landline. And now these two icons of old world being dragged into the shit they abhorred and shunned for life! Such utterly shameless people!!" Moreover the discussions really were not about what this success in corporate life means to eneral wefare or people in India. Finally, it took The Guardian to articulate these doubts Actually, Satya Nadella's selection as Microsoft CEO isn't great for Indians. But who knows? His father and father in law ( both IAS, friends and from different castes) seem exemplary. May be some thing good will come out of it.
P.S. More tidbits (via Rahul Siddhathan) http://www.newyorker.com/online/blogs/borowitzreport/2014/02/gates-spends-entire-first-day-back-in-office-trying-to-install-windows-81.html
(via Akshay Regulagedda) http://mobile.bloomberg.com/news/2014-02-05/why-microsoft-and-everyone-else-loves-indian-ceos.html , interesting comments too

Wednesday, February 05, 2014

On the direction of evolution

Evolution, You're Drunk by Amy Maxmen (via Ed Yong) "With comb jellies at the base of the tree, evolution suddenly seems less like a march towards complexity and more like a meandering stroll. This isn’t a new idea. Back in 1996, evolutionary biologist Stephen Jay Gould posited that evolution progresses like a drunkard’s walk. "