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Nov 12
2009

Games: The Dilemmas and Battles of the Oligopolies

Posted by Prashant Bhatt in Philosophy , Ethics , Economics

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Prashant Bhatt

Well, whiles I am a beggar, I will rail
And say there is no sin but to be rich;
And being rich, my virtue then shall be
To say there is no vice but beggary

Philip the Bastard, in King John by Shakespeare
Telling how our general evaluation of the world
is influenced by our special interests (1)


While examining the “Impartial spectators” one can try to see what other games are being played.

Game Theory
This is a branch of economics useful to study business behavior, concerned with representing economic interactions in a highly stylized form, with players, pay-offs and strategies.

For those esteemed readers who subscribe to “I-follow-Adam-Smith-not-Marx” (money-at-any-cost) Amartya Sen’s recently published book “The Idea of Justice” should be a must read. In this he teases out the confusions arising from the most famous and widely quoted passage from the Adam Smith’s The Wealth of Nations.

It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self-interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages.
Nov 05
2009

The Impartial Spectator:Between patients and contracts

Posted by Prashant Bhatt in Working people , Ethics , Economics

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Prashant Bhatt
Human life is like the great festival of Olympia where all the world
comes together in a motley crowd. Some are there to do business at the
fair and enjoy. Others wish to win the wreath in the contest and some others
are merely spectators and these last are the philosophers. They keep themselves
free from the urgencies of immaculate problems and practical necessities.
Pythagoras
Answering the question on why he calls himself a philosopher.


So we appointed ourselves as “Impartial Spectators”?!

Open and Closed Impartiality
The editors of the first edition of Harrison’s Principle of Medicine wrote “To the physician, as to the anthropologist, nothing human is strange or repulsive.

And yet when one examines some of our current trends of practice, one does not feel comfortable at times.

There is a basic distinction of different ways of invoking impartiality, and that contrast needs more investigation. Who will be an impartial spectator in the context of a small child who comes for repeated follow-up CT scans ordered indiscriminately by the referring physician just because the patient is insured?