Lucknow Boy

We are expected to say: “He was a decent fellow!”

“Lucknow Boy” tells the story of Vinod Mehta who left his home with a third class BA degree and later rose to edit some of India’s prominent publications. While doing one retarded job after another in Britain, he was forced to confront the fact that his ignorance was, to put it mildly, colossal. Like many of us, he learnt it the ‘hard’ way. His first English girl friend and her father wanted to know the informed Indian’s perspective on the Colombo plan. As it often happens, he didn’t have the faintest clue and his attempt to ‘impress’ was not altogether successful. Before long, he was ditched.

When he returned to India, he was 27 and with his modest savings quickly running out, he was expected to soon make a honest living instead of living off his long-suffering parents. His long hair, kurta-pyjama and broken English ensured that his first job after returning from Britain was that of an advertising copywriter in Bombay. He was a dreadful copywriter, but his first book “Bombay: A private View” was not as big a flop as he had expected. Not surprisingly, he started having delusions of grandiosity.  He soon got a job as the editor of Debonair, a Magazine which was known for its lurid pictures. His father only wanted to know whether he will get a salary every month, and was relieved to know that he will. Continue reading »

Talking Over The Internet


“On the Internet, nobody knows you’re a dog.”-Two dogs talking to each other, in a Peter Steiner cartoon

I owe almost everything good which happened to me since my late teens to the internet. I mean it. I got every job and freelancing assignment of mine over the internet. I cannot think of any relationship-virtual or real life- which would have flourished to the extent it had without the internet. The internet opened up a huge body of literature, which would have been otherwise inaccessible to me. In the absence of the web, would I have discovered libertarianism or have been able to study Economics in a way which is even remotely comparable to the way I do today? I seriously doubt. Would I have been able to interact with, and learn from some of the greatest minds of our generation with such ease? I think not. I started blogging around eight years back, when I was a boy. Would I have written as much as I have without knowing “that there is someone, somewhere, who wants it, too”? It never mattered that it could be just one. But, it mattered that the internet made it all the more possible. Continue reading »

Public Choice and the Self-Interested Voter

The rationally irrational voter

My colleague Kapil Bajaj has done some good work on the Delhi-Gurgaon expressway project, which illustrates some valid conclusions of Public Choice theory even where it goes wrong. As I do not read Newspapers much, I haven’t gone much into the details of the project Kapil has mentioned. So, I do not have any hard knowledge. But, I think I get the essentials.

As Kapil has written, many Public Choice theorists argue that individual voters have little incentive to be aware of politics, and vote accordingly. Similarly, politicians and bureaucrats try to optimize their own utility and power.  And Kapil has written, (and unfortunately so), many public choice economists believe in the Self Interested Voter Hypothesis (SIVH) which assume that individual voters vote their pocketbooks. It is all true.

The Delhi-Gurgaon expressway project

Kapil argues that contrary to the claims of Public Choice Theory, in the Delhi-Gurgaon expressway project, the public, bureaucracy and representatives have acted against their self interest: The public protested against a Government policy forgetting their narrow self interest. The elected representatives and officials have revoked a policy which led to much public outrage. So, the assumption of utility maximizing behavior doesn’t hold much water. People are after all, not as bad as cynical economists believe. Continue reading »

The Church Of Randroidism

The internet can be amusing. Yet, some of our experiences on the internet can strike us as bizarre. A few days back, I happened to talk to a middle aged woman based in the US.  I was in a playful mood. I asked her how “Randroidism” is going on. She suddenly lashed out saying that Objectivism is a complete philosophy and the term I used was derogatory. She suggested that I should soon get myself psychologically treated, proceeding to remove me from her list. I found her behavior immature for a woman of her age, and as I barely knew her, I laughed it off and soon forgot the whole incident.


I never understood people who hold personal grudges against ones who disagree. I have friends who disagree with me on issues in which I can turn really emotional, and I haven’t held this even slightly against them. I am certainly convinced that they are wrong, but I am better off debating a well read, intelligent socialist than an abysmally read libertarian. After all, what is the point in a debate if we agree on everything? Continue reading »

Drunk On Books!

“There are people who read too much: bibliobibuli. I know some who are constantly drunk on books, as other men are drunk on whiskey or religion. They wander through this most diverting and stimulating of worlds in a haze, seeing nothing and hearing nothing.”- H. L. Mencken

One of my earliest memories is that of pondering over dusty Magazines piled up in an unused room of my house. I have always had a liking for the written word. I am lately being deeply suspicious of the “Nurture Assumption”, as when I was a boy, no one encouraged me to read anything beyond school work. If anything, I was actively discouraged whenever I ventured beyond my course material. I used to hide novels inside my school books and read. Continue reading »

Fiat justicia, ruat coelum

I have been thinking hard since my late teens of what David Friedman explicitly wrote in his book “Law’s Order”. “Consequences are an important part of what we want. The doctrine fiat justicia, ruat coelum (let justice be done though the skies fall) is, in my experience, uniformly proclaimed by people who are confident that doing justice will not, in fact, bring down the sky.” I find it striking that despite my driving passion for justice, I have always looked suspiciously at libertarians who argue that the moral argument is the most compelling one. One thing in common with many of them is that they have no satisfactory theory of morality.

In the words of David Friedman: “Justice does not give an adequate account of law, both because it is irrelevant to a surprisingly large number of legal issues and because we have no adequate theory of what makes some rules just and some unjust.” I find most of the standard points of view in morality-specifically natural law, utilitarianism and argumentation ethics lacking in many important ways. When we argue on the lines of any of these, we sudden run into obvious difficulties.

One way to see through such moralists is to ask what they think of pacifism, land reforms, free immigration or anarchy. Many of them oppose at least one of these, and the reason could only be that they wrongly or rightly believe that the end result would be utter chaos. How is a retaliatory war justified when we take civilian deaths into account? How can one oppose free immigration when no one can rightly claim the right to force someone out of his country simply because he happened to be born there? Why is reparations to blacks on slavery morally unjustified? How can one swear by the Non-Aggression principle and still oppose anarchy on moral grounds?

Leave Us Alone?

“I swear—by my life and my love of it—that I will never live for the sake of another man, nor ask another man to live for mine.”, so ends the speech of John Galt, the hero of heroes of Atlas Shrugged.

The above sentiment is echoed by many in the libertarian movement, especially Ayn Rand’s followers. Objectivists single out Altruism as a scapegoat for most, if not all of the problems faced by mankind. I myself believed much of the rhetoric years back, when I came across her works for the first time in my life. I still find much merit in them. Given the fact that Voters have systematically biased beliefs, selfishness is likely to significantly improve the way democracy works.

GMU economist Bryan Caplan puts it well: “Why? If selfish voters misinterpret markets as a method for the rich to exploit the poor, at least the rich will still favor markets. They’ll want what they falsely see as their “pound of flesh.” But if unselfish voters misinterpret markets as a method for the rich to exploit the poor, the rich and poor alike will unite against the imaginary evils of the market. Instead of petty squabbling, we get a consensus for folly.” It should be obvious that it is important to emphasize that altruism is not an unconditional virtue in a world where most people wrongly believe that we are our brother’s keepers and get that notion institutionalized. Self interested actions are generally virtuous, as long as it doesn’t involve taking advantage of others. When Caplan says: “I often wish the people around me were more selfish – or at least better at being selfish. I know how to deal with rational, self-interested actors. They’re really quite charming. If I want them to change their behavior, I offer them a deal. While they might hold out for more, at least they don’t take offense.”, I tend to agree. Continue reading »

The Case For Libertarian Anarchy

It has become the dream of every social democrat to brand himself as a classical liberal. Every such “limited Government” statist is a socialist in disguise, as unaware of it he might be. When he criticizes Central Planning or interventionism, he never really believes his own words. If he does it at all, he doesn’t appreciate it as much as he should. All this is true of Sanjeev Sabhlok-former “Aristocrat of the Bureau” who later found a more comfortable shelter in the Department of Treasury and Finance, Victoria, and is presently nurturing grandiose political ambitions. The emperor of the world’s largest democracy, that is. He even promises to sacrifice his Australian citizenship and return to his motherland if he clearly gets a signal that India badly needs his social engineering.  A laudable act of self abnegation, it would be! His viable solution to India’s mis-governance is critically important for our survival and success, he patronizingly reminds us.

Sanjeev Sabhlok’s critique of libertarian anarchy strengthens my position that every statist criticism of anarchy actually projects all the evils of the state on anarchy.  I was filled with dismay after a casual glance at his ad hominem attacks on innocent anarchists. We are utopian dreamers with no understanding of social contract, red-tapism or the free rider problem and still spend our time conjuring up imaginative schemes. What’s worse? We haven’t ever drawn up any real contract in our life! Is there any good thing to be said of his article? Yes. Finally, the harsh reality has struck him that anarchists are not simpletons who believe that all human beings are angels. And that is it. Continue reading »

On High IQ Misanthropy


Bryan Caplan blogs on High IQ misanthropy: “Out of all the reactions I’ve heard to Selfish Reasons to Have More Kids, the most disturbing are all variations on “Except stupid people.  They shouldn’t have kids.”  I could snark, “You mean people like you?” but that would be dishonest.  The latter-day proponents of negative eugenics have reasonably high IQs.  But their misanthropy is still morally and economically mistaken. Morally, I just have to ask the high-IQ misanthrope, “What did stupid people ever do to you?”  Their complaints are pretty petty: The dumb kids asked annoying questions in class, made fun of your Star Trek costume, etc.  Are these injuries even remotely awful enough to outweigh the fact that a human being gets to exist and enjoy life? In any case, once you reach adulthood, people of all IQs generally leave you alone if you leave them alone. If you want to give your kids a better childhood than you had, use your brains to make some extra money and move to a nicer neighborhood.” Continue reading »

Rejoinder on “Classical Liberalism”


My critique of Sanjeev Sabhlok’s draft on libertarian anarchy, he writes, grossly misrepresented his positions.  I had a hard look at my own article and his reply. I sincerely apologize if I have misrepresented Sabhlok’s positions, but I was unable to see where. By no means did I confuse Classical liberalism with socialism. All I said was that socialism is the logical end result of statism-which means: If we accept the necessity of the state and follow it consistently, we will be taken straight to a totalitarian cage. This is true. Soviet Russia is the logical end result of the philosophy of statism. It should be kept in mind that the difference between classical liberalism and interventionism is only a matter of degree. It is not possible at all for a principled thinker to advocate a particular Government intervention and reject another. A natural law allows no exception, as Gustave de Molinari rightly pointed out.

Continue reading »