It was one HT day where we were having good (hot) tea party among friends with some of our Economics Department PhD students. In the middle our discussion one of them said can you imagine how much of the Adam Smith’s Wealth of Nations ideas have been grasped through generation to generation and taught with lucid understanding of the ideas of Adam Smith point of view, and how much of his ideas have been taught in the class room of this world.
Obviously, the ideas are transformed through the man. And the similar story goes with the Origin of Species.
12 February (yesterday) was Darwin and Lincoln birthday; there are few comments, review on
We will see one by one,
Before going for list lets ponder “a quote attributed to biologist Edward Wilson, which I paraphrase—“Most species are individually stupid but collectively smart. Humans are the opposite. They are collectively stupid but individually smart”.
First, free market economist Gary North writes “Two hundred years ago today, the sun rose over the English
The sun moved over the Atlantic, heading for
All in all, it was a memorable day, if not for the sun, then for the rest of us”.
Second, “evolution in the air”, under the sun, moon, above the earth and middle of the sky….Pramit Pal Chaudhuri says “Those who rage against capitalism argue that market economics hasn’t actually helped people, that it is inimical to progress. They lie. Other than a few nations floating on oil and populated with idle rich, all the wealthy nations of the world have got to the top of the greasy pole by accepting that greasy poles make economic sense. Almost all the poverty reduction of the past 20 years — and it has been unprecedented — has been because
Third, Mukul Sharma says “it's like the optical illusion where the profiles of two silhouetted faces on two sides of a drawing form the outline of a white vase in the middle. Sometimes we see one aspect of it and sometimes the other. Darwin's predecessors and contemporaries were generally gazing only at the faces on the edge till
Forth, Lalit Mohan says that “the Englishman lived in a wealthy home in
On the important of Darwin and Lincoln you have go another Indian economist blog here.