Economic Behaviour Entropy | 01 Feb 2012
People assign much higher probability to the truth of their opinions than is warranted.. We are not blank slates. All humans seem to share similar sets of biases. There is such a thing as universal human nature. The trick is to understand the universals and how tightly or loosely they tie us down. We are [...]
Economic Behaviour Entropy | 09 Apr 2011
“To pretend that civilization can exist without destroying its own landbase and the landbases and cultures of others is to be entirely ignorant of history, biology, thermodynamics, morality, and self-preservation.” — Derrick Jensen (Endgame: The Problem of Civilization) This is an thought provoking essay by Derrik Jensen the philosopher poet of the environmental movement and [...]
Economic Behaviour Entropy | 16 Dec 2010
Mobocracy- A condition in which the lower classes of a nation control public affairs without respect to law, precedents, or vested rights. Read this evocative essay by Monica Halan in recent Mint Lynch mobs. Louis L’Amour. And Us We are at the lynch mob stage of our journey in India’s transformative migration to development [...]
Economic Behaviour Entropy | 22 Sep 2010
The most damaging fallout from this economic crisis may well be a loss of trust in the democratic capitalist system, especially if those who are unemployed and suffering begin to believe that “anything goes” in an unfair world. In the rush to rewrite the rules of the game, policy makers might consider the message of [...]
Economic Behaviour Entropy | 29 May 2010
“Human beings have a seemingly fundamental tendency to compensate for lower risks in one area by taking greater risks in another.”- Malcolm Gladwell Although we may not always recognize it, this world view, have had a profound effect not only on science, economics, engineering but also on philosophy, and societal relations. The twenty-first century have [...]
Economic Behaviour &Globalisation Entropy | 19 Apr 2010
This is an evocative essay by Stuart Kauffman a respected author, experimental and theoretical biologist, on senseless lunacy of money & greed. Makes us wonder, what kind of a society we exist in, who makes the rules and how one makes money, without really earning it … How powerless & helpless we have become as [...]