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Showing posts with the label left liberal

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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Deciphering Left Liberal Global Hegemony

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  The recent events especially post the election of 2019 are beginning to sound as nail in the coffin of the left liberal ecosystem. The system that dominated for close to seven decades since Independence is slowly getting dismantled. The abolition of Article 370 followed by the Supreme Court judgment on Ayodhya which was subsequently followed by PM Modi laying the foundation stone of the Ram Temple have each in many ways signal a break from the Deracinate India project orchestrated by the left over these years.   The left project originates in its own version of White Man’s Burden. It was in 1852 or so when Karl Marx put forth his views on the British rule in India. He believed that Indians were in a primitive world and who worshipped a ‘monkey god’ a derogatory reference to Lord Hanuman. Marx argued that the British had a historical duty of civilizing the Indians and bringing them into the zone of scientific thinking. Marxian scientific thinking rested on a paradigm of what Marx
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Political Bodyline of the Indian Left Liberal

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The authoritative verdict of 2019 meant that post Nehru 1957, PM Modi was the first to win a back to back elections with increase in both seats and vote share. To the edifice fabricated at connexions of Marx, Nehru and Mohammad, the shock magnitude was high. The follow up surgical strikes in Article 370, Ayodhya judgment and grant of accelerated citizenship to persecuted religious minorities seemed insult to injury.   Faced with an existential crisis, it was inevitable to see a spill-over of emotions onto the street, the outcome being full view in the last month and half or so.   While Mamta was first off the block vowing to prevent CAA being implemented in her state, the competitive pursuit ensured Kerala go a step forward to have its assembly pass a resolution opposing the implementation of CAA. Many other states opposition states have joined the rhetoric notwithstanding CAA is central subject and states have no role in the same. Contrast to Tukde Tukde slogans in the previous JNU
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