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Part of a phenomena November 23, 2006

Posted by Sharath Rao in economics, humor, ideas, media.
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1.

The LA times has an article on the phenomenon. Its interesting because articles on new trends, fads and phenomena keep appearing in the media but this is one of those rare times when I felt a part of the phenomena and that the article is really talking about my story of being bowled over by Economic blogosphere. Linked through Mankiw chacha, my very Indian way of referring to one of my favorite bloggers.

2.

Question : What do you believe in ?

Answer : The invisible hand

…every individual necessarily labours to render the annual revenue of the society as great as he can. He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was no part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good. [ From here. ]

3.

I really love the sarcasm ( for want of a better word ) that the British so skillfully employ in their writing. Dontchya ! Here is Tim De Lisle talking about how the Ashes opened.

Then they lost the toss. Actually that may have been a good thing.Then their national anthem was mauled by a nice-looking young woman.

Then Steve Harmison bowled the first ball: a wide. And not just an ordinary wide. There’s a moment in the film The English Patient when Ralph Fiennes chews on a piece of fruit and pronounces it “a very plum plum”. Well, this was a very wide wide. And the English didn’t feel very patient.

I have seen the movie and now that he mentions it, I remember the dialogue.

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