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Showing posts with the label Hindu politics

Decision Making as Output and Bounded Rationality

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  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
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The Diminishing Returns of Woke

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Roger Scruton who passed away recently had a reputation for being eternally politically incorrect. Individual preferences are an outcome of several factors. In theory, the right of free speech mandates the protection of these preferences unless it encroaches through a process of physical or mental harm the exercise of preferences of another individual.   In the context, individual could mean group too, an aggregate of all individual preferences in that group. Yet private preferences when expressed in public often create a storm because ostensibly they are not deemed to be views of educated, polished, cultural, literate person. To exhibit one’s literacy, polishness, education etc. individuals are expected to rise above narrow strata of thought, parade their cognizance of the injustices apparent or real across the world around them and must be seen to stand for the alleged victims of these professed injustices being meted out. This is something has come to be termed in popular circles
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WaPo and the White Man's Burden

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Protests against the Citizens Amendment Act might be the harbinger of the last stand in the civilizational battles between decadent Nehru-Marxian intellectual complex and the emergent mass Hindu resurgence. The intellectual public sphere sees every policy move of Modi 2.0 as another nail in their coffin. Nehru-Marxian post-independent narrative with the ostensible aim is to deracinate the Indian psyche is being dared like never before. Current violent manifestations are pointers towards a rear guard battle being waged by the erstwhile establishment self-styled public intellectuals. Given the high stakes for Nehru-Marxian establishment, a virtual existential battle, it turning uglier should not surprise us. The Indic psyche seems to be waking up from the long sufferings of Stockholm syndrome arising of long years of Islamic invasions followed by British rule. The first signs of the challenge emerged around the early 1980s, imaginably in part as reaction to Meenakshipuram conversi
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