Posts

Showing posts with the label political parties

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
Post a Comment
Read more

Political Factional Fights

-
  Over the last month or so while the cases of the Chinese virus show small signs of abatement, factionalism has reared its head across political parties across the states. The Congress is facing challenges to its Chief Ministers in Punjab and Rajasthan. In Punjab, there are multiple factions that are clamoring for replacement for existing Chief Minster Capt. Amrinder Singh. In Rajasthan, Sachin Pilot group is queering the pitch for the Chief Minister Ashok Gehlot. Meanwhile Gehlot is demonstrating counter show of strength. There are reports of factional fighting in Jharkhand and Karnataka. BJP too is not immune from these fights. From Bengal where they are facing murmurs of dissent partly due to state pressure, they are experiencing factional troubles in different states. They replaced Chief Minister in Uttarakhand, there were reports of fights in Uttar Pradesh. Karnataka is no stranger to factional fights in the BJP and currently witnessing one more round of such infighting.   Th
Post a Comment
Read more

JP Nadda's New Team

-
  Last week, the BJP President Mr. JP Nadda announced his team of office bearers. This was perhaps delayed given the conditions following the lockdown to tackle the pandemic induced by the Chinese virus. There were surprises and also some expected appointments. The surprises too perhaps could have been anticipated. Some of the inclusions or exclusions or non-inclusions do lead to new speculations. These speculations are invariably linked to the expected Cabinet reshuffle and expansion by PM Modi. Thus, it would be in order to understand the logic behind the appointments or non-appointments in the party team.   In the BJP’s organizational structure, few positions are critical and many perhaps ornamental or support staff. While the party president no doubt is the most powerful, one doubts about JP Nadda’s authority to be exercised independently of PM Modi and Home Minster Shah. During the reign of Amit Shah, there was no ambiguity on who called the shots in the party affairs. There w
Post a Comment
Read more