Assorted on India
14 years ago
Economics, global development,current affairs, globalization, culture and more rants on the dismal science, and the society. "As usual, it's like being a kid in a candy store. I'm awed by the volume of high-quality daily links in general. Thanks!" - Chris Blattman
A phrase written on sand by a small boy who lost his parents in flood,"Dear River, I will never forgive you, I will never forgive you, even if your waves touch my feet million times."
Consider Cowen’s output last week on the blog – 34 items. Among them: entries n the the speech patterns of service employees (flight attendants, doctors, hookers, economics professors); the significance of layoffs in the futures market for greenhouse gases; the economic fallout from a recent earthquake in New Zealand; the nature of firms; the joys of cineplex-hopping; the magnitude of US war finance during World War II; the cost of high-speed rail; the role of securitization in the recent financial crisis; the efficacy of betting on one’s own ability to lose weight; the reason the Australian dollar is the fifth most-traded currency in the world; an arbitrage opportunity in the administration’s plans to stimulate business investment; the architecture he saw on his trip to Buffalo; a review of a new book about Adam Smith (plus a review of some other reviews); a notice of Economist correspondent Greg Ip’s The Little Book of Economics: How the Economy Works in the Real World; a lengthy rejoinder to fellow libertarian Bryan Caplan on education in poor countries around the world; news of Austan Goolsbee’s nomination as chairman of the Council of Economic Advisers; capsule reviews of the five books he is reading this week (everything from W.G. Sebald on The Natural History of Destruction and Michal Whinston’s Lectures on Antitrust to Suzanne’s Collins’ The Hunger Games, first of a trilogy for young adults); the possible benefits of not recognizing faces (a condition known as prosopagnosia, described in an article by Oliver Sacks; a plan to sell daily permits to drive 90 miles per hour on Nevada highways; the reason that a rise in imports lowers GDP; a new paper in defense of high frequency trading; and, at intervals between the entries, a couple dozen links to other interesting items that he has read....
Infovore tells the story of how Cowen came to believe that the pattern of compulsive processing of information about the economics of culture that he displays could be described as autism or its milder form, Asperger’s Syndrome. A reader had gently inquired if the habitual organizing and categorizing he displayed could be signs of the cognitive disorder. He thought not – at first. An “[U]pper class white male who all his life felt like he belonged to the dominant group in American society was suddenly faced with the suggestion that he could be part of a minority, and a very beleaguered minority at that.”
“Life is short, art is long, opportunity fleeting, experiment treacherous, judgment difficult.”
After Howard Engel (author of 12 best-selling mystery novels featuring his beloved detective, Benny Cooperman) realized that he couldn't make out the printed word that summer morning in 2001, he took himself off to the Emergency Room of his local hospital where the doctors diagnosed his condition as "alexia sine agraphia" (which came about owing to a stroke that he had suffered). A person with alexia can write without difficulty but will no longer be able to read what he writes. This was almost impossible for Engels to accept, after all, he had always been a reader, his brain was hard-wired to read "...I could no more stop reading than I could stop my heart. Reading was bone and marrow, lymph and blood to me", besides, he made his living writing, if he couldn't read what he wrote, how would he make his living?
Be grateful. Yes, I often hear from people that they are tired of being admonished to be grateful. It’s no wonder there is a sort of societal “gratitude fatigue” given how much press this concept have received in self-help literature over the past ten years or so. However, there’s a good reason why this advice persists not just from modern authors, but also from the earliest philosophers and religious writers. It works. Gratitude for what one has in their life is a critical part of contentment. Without gratitude, contentment will always be elusive. The results of the first major study on the efficacy of gratitude for cultivating contentment and happiness is presented in a recent book, Thanks! How Practicing Gratitude Can Make You Happier, by Robert A. Emmons. He is a big proponent of gratitude journaling, recommending that writing out a few items for which we’re grateful every day will help instill a “grateful heart” and contribute to us “loving what we have.”
People that are put in a condition of feeling out of control are more likely to see something in this, which is allegedly patternless. In other words, the propensity to find these patterns goes up when there's a lack of control. For example, baseball players are notoriously superstitious when they're batting, but not so much when they're fielding. Because fielders are successful 90 to 95 percent of the time. The best batters fail seven out of 10 times. So their superstitions, their patternicities, are all associated with feelings of lack of control and so forth.-The pattern behind self-deception