Decision Making as Output and Bounded Rationality

  The classical economics theories proceed on the assumption of rational agents. Rationality implies the economic agents undertake actions or exercise choices based on the cost-benefit analysis they undertake. The assumption further posits that there exists no information asymmetry and thus the agent is aware of all the costs and benefits associated with the choice he or she has exercised. The behavioral school contested the decision stating the decisions in practice are often irrational. Implied there is a continuous departure from rationality. Rationality in the views of the behavioral school is more an exception to the norm rather a rule. The past posts have discussed the limitations of this view by the behavioral school. Economics has often posited rationality in the context in which the choices are exercised rather than theoretical abstract view of rational action. Rational action in theory seems to be grounded in zero restraint situation yet in practice, there are numerous restra

24 Akbar Road: History or Eulogy?

Rasheed Kidwai wrote a book on the history of the Congress or rather the history of 24 Akbar Road, the headquarters post 1978 split. The book came out in 2011 with an updated e-book in 2013. The book was titled 24 Akbar Road: A Short History of the People behind the fall and rise of the Congress. The book is supposed to be tracing the roots of how Congress came to be associated with 24 Akbar Road and the anecdotes that give a flavour of the happenings at the party headquarters including the power struggles not just at the mid level in jockeying for favour of the family but between the family and its rivals. Given the updated e-eversion came out in 2013 when the party was under siege and waiting to be killed halal in the hustings a due a year hence, it seemingly was an attempt to shore up the image of the party and its crown prince. Therefore, it can be safely believed the new chapter on the Crown Prince was added to demonstrate his suave intellectual image something he has struggling to demonstrate even today some seven years since the book was published. If anything, the image has taken a turn for the worse.

 

The book without doubt, deals well with the initial struggles the Congress (I) put up as it struggled to build a new party. Indira Gandhi was expelled from the Congress forcing her to set up a new party or her faction of the Congress which ultimately came out on the top over her detractors. There are anecdotes on how the Congress zeroed in on 24 Akbar Road, which had be allotted to the party MP G Venkataswamy. Its links with 10 Janpath, then the Youth Congress headquarters made it ideal for the location. Further, the book does with the struggles Buta Singh endured as he sought to set some functioning in the party. The party was short of funds and food to feed its volunteers and workers. Ghulam Nabli Azad struggling to get two square meals a day as he and his colleagues sought to keep afloat the Youth Congress in those tough days of the hostile Janata rule bring out the hidden facets in party building and organization. There are also references to intra-factional rivalries though in passing that are perhaps the spice of any organization.

 

Yet, going beyond this, the book more reads of an eulogy to the Congress rather than critical examination. Indira years 1980-84 would be incomplete without understanding the inner party discussions and debates on Punjab or Assam that were on the boil. The events leading to Operation Bluestar do not find mention beyond in passing. The events leading to dismissal of Farooq Abdullah or NTR in 1984 do not even find a mention though they should have given a strong insight into the thinking of Rajiv Gandhi. In fact, most of the discussion on Rajiv revolves around the technocracy he sought to promote and his speech at the Congress Centenary at Bombay December 1985. In fact his role in anti-Sikh riots is completely glossed over barring attributing it to the inexperience.

Besides, the Rajiv’s mind and the party’s mind might have triggered differences something that resulted in VP Singh, Arun Nehru, Arun Singh among others leaving the party. This is not discussed. Rajiv’s actions and thought process during the 18 months in opposition including the toppling of Chandrashekhar government are not adequately addressed. Similarly, the intra-party factional fighting that in the PVNR years including parting of Arjun Singh, ND Tiwari among others is left undiscussed. In fact, most of the treatment of the party history emerges post Sonia-takeover. In fact, there is considerable emphasis on how Sonia addressed her first rally in 1998 and how Priyanka won the hearts through her intervention in Tamil. In fact, Priyanka is brought in again and again throughout the book. Priyanka declining to join politics allegedly preferring family is sought to be compared to Indira Gandhi’s alleged decision in the 1940s and the 1950s. Incidentally, Indira Gandhi is sought to be projected as someone struggling to balance family demands with demands of being hostess to her PM father. Her  relations with husband Feroze are completely ignored though it is well known they were living in separation. Priyanka is again sought for her comparison in looks with her grandmother and how she helped her mother in her political fight. Considerable time is devoted to Sonia’s courtship and marriage and post marriage adjustment in the Nehru-Gandhi family. There is considerable effort being made to project Sonia as ultimate daughter in law, wife, mother besides her role in the party. The author goes at great length to project Sonia’s Indianness and adoption of Indian values.

 

Rather than demystify Sonia’s decision to not accept Prime Ministership in 2004 and instead nominate Dr. Manmohan Singh, he chooses to go with the ‘official’ version. He talks about Sonia’s inner voice was the reason for her decision. It was Sonia who felt even if smallest of the percentage were against her owing to her foreign origins, she should not accept the position. Sonia’s extra-constitutional rule through National Advisory Council (NAC) is not touched upon. Further, perhaps as PR building, considerable time is devoted to discussing Rahul’s strengths. It is pointed out how Rahul began helping his mother in 1998 leaving his plush job in London. It is attributed to Rahul the Congress’s campaign line in 2004 which saw them beat the BJP led NDA. In fact, lot of discussion is devoted to team Rahul and how it managed the 2009 elections. It is also stressed how oldtimers were not even allowed to enter the war room. Lot of praise is reserved for the war room and Sonia and her children for facilitating the same and its role in the success.

 

In fact, the whole book as mentioned in the opening paragraph is hardly about history. It is about a public relations that Congress sought to build for its crown prince as it approached the 2014 elections. To borrow from economics, rational people think at the margin and this book hardly contributes to the margin. In fact, the book to anyone rational economist, would appear to have zero contribution to the margin of political votes. However, all said and done, it does add up to the numerous books mostly eulogies that critical about the Grand Old Party of India.

 

 

 

 


Comments

Popular posts from this blog

Decision Making as Output and Bounded Rationality

The Chicken-Egg Conundrum of Economics

A Note on Supply-Demand Dynamics