Tag Archives: History

In My Hands Today…

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Misbehaving: The Making of Behavioral Economics – Richard H. Thaler

Traditional economics assumes rational actors. Early in his research, Thaler realized these Spock-like automatons were nothing like real people. Whether buying a clock radio, selling basketball tickets, or applying for a mortgage, we all succumb to biases and make decisions that deviate from the standards of rationality assumed by economists. In other words, we misbehave. More importantly, our misbehavior has serious consequences. Dismissed at first by economists as an amusing sideshow, the study of human miscalculations and their effects on markets now drives efforts to make better decisions in our lives, our businesses, and our governments.

Coupling recent discoveries in human psychology with a practical understanding of incentives and market behavior, Thaler enlightens readers about how to make smarter decisions in an increasingly mystifying world. He reveals how behavioral economic analysis opens up new ways to look at everything from household finance to assigning faculty offices in a new building, to TV game shows, the NFL draft, and businesses like Uber.

Laced with antic stories of Thaler’s spirited battles with the bastions of traditional economic thinking, Misbehaving is a singular look into profound human foibles. When economics meets psychology, the implications for individuals, managers, and policy makers are both profound and entertaining.

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Kitne Ghazi Aaye, Kitne Ghazi Gaye: My Life Story – K.J.S. ‘Tiny’ Dhillon

He has extensively served in Jammu & Kashmir (J&K) and the North-East of India. He has the distinction of commanding the elite Chinar Corps (15 Corps). And, his last assignment before superannuation was the Director-General Defence Intelligence Agency and Deputy Chief of Integrated Defence Staff (Intelligence) under the Chief of Defence Staff (CDS), Lieutenant General KJS ‘Tiny’ Dhillon (Retd) opens a window to his life in this book.

From the fascinating tales and the toughest challenges he has encountered in his career, including those from his multiple tenures in J&K since 1988 to the responsibility of maintaining a balance between counter-infiltration and counter-terrorist operations on one hand and the use of military soft power on the other in Kashmir, in this book Dhillon unfolds his journeys from a young boy to the Commander of Chinar Corps. With Kashmir being an inseparable part of this story including the exodus of Kashmiri Pandits, barbarous attack on the convoy of Indian security personnel on the Jammu-Srinagar highway in Pulwama district, killing 40 CRPF personnel, Balakot to the abrogation of Article 370 and its impact on the socio-political, economic and law and order, among others, the book takes us behind the scenes to bring out the nuances of various intriguing developments at a critical juncture in the history of the erstwhile State of J&K.

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False Allies: India’s Maharajahs in The Age of Ravi Varma – Manu S. Pillai

India’s maharajahs have traditionally been cast as petty despots, consumed by lust and luxury. Bejewelled parasites, they cared more, we are told, for elephants and palaces than for schools and public works.

The British cheerfully circulated the idea that brown royalty needed, enlightened, white hands to guide it, and by the twentieth century many Indians too bought into the stereotype, viewing princely India as packed with imperial stooges. Indeed, even today the princes are either remembered with frothy nostalgia or dismissed as greedy fools, with no role in the making of contemporary India.

In this brilliantly researched book, Manu S. Pillai disputes this view. Tracking the travels of the iconic painter Ravi Varma through five princely states from the 1860s to the early 1900s, he uncovers a picture far removed from the clichés in which the princes are trapped. The world we discover is not of dancing girls, but of sedition, legal battles, the defiance of imperial dictates, and resistance.

We meet maharajahs obsessed with industrialization, and rulers who funded nationalists, these men anything but pushovers for the Raj to manipulate. Outward deference aside, the princes, Pillai shows, forever tested the Raj from denying white officials the right to wear shoes in durbars to trying to surpass British administrative standards. Good governance became a spectacularly subversive act, by which maharajahs and the native statesmen assisting them refuted claims that Indians could not rule themselves.

For decades this made the princes heroes in the eyes of nationalists and anti-colonial thinkers a facet of history we have forgotten and ignored. By refocusing attention on princely India, False Allies takes us on an unforgettable journey and reminds us that the maharajahs were serious political actors, essential to knowing modern India.

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Tipu Sultan: The Saga of Mysore’s Interregnum, 1760–1799 – Vikram Sampath

Tipu’s ascent to power was accidental. His father Haidar Ali was a beneficiary of the benevolence of the Maharaja of Mysore. But in a series of fascinating events, the Machiavellian Haidar ran with the hare and hunted with the hounds; he ended up overthrowing his own benefactor and usurping the throne of Mysore from the Wodeyars in 1761. In a war-scarred life, father and son led Mysore through four momentous battles against the British, termed the Anglo-Mysore Wars. The first two, led by Haidar, brought the English East India Company to its knees. Chasing the enemy to the very gates of Madras, Haidar made the British sign such humiliating terms of treaties that sent shockwaves back in London.

In the hubris of this success, Tipu obtained the kingdom on a platter, unlike his father, who worked up the ranks to achieve glory. In a diabolical war thirst, Tipu launched lethal attacks on Malabar, Mangalore, Travancore, Coorg, and left behind a trail of death, destruction and worse, mass-conversions and the desecration of religious places of worship. While he was an astute administrator and a brave soldier, the strategic tact with opponents and the diplomatic balance that Haidar had sought to maintain with the Hindu majority were both dangerously upset by Tipu’s foolhardiness on matters of faith. The social report card of this eighteenth-century ruler was anything but clean. And yet, one simply cannot deny his position as a renowned military warrior and one of the most powerful rulers of Southern India.

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The Quiet Damage: QAnon and the Destruction of the American Family – Jesselyn Cook

The riveting story of five families shattered by pernicious, pervasive conspiracy theories, and how we might set ourselves free from a crisis that could haunt American life for generations.

“SHED MY DNA”: three excruciating words uttered by a QAnon-obsessed mother, once a highly respected lawyer, to her only son, once the closest person in her life. QAnon beliefs and adjacent conspiracy theories have had devastating political consequences as they’ve exploded in popularity. What’s often overlooked is the lasting havoc they wreak on our society at its most basic and intimate level—the family.

In The Quiet Damage, celebrated reporter Jesselyn Cook paints a harrowing portrait of the vulnerabilities that have left so many of us susceptible to outrageous falsehoods promising order, purpose, and control. Braided throughout are the stories of five American families: an elderly couple whose fifty-year romance takes a heartbreaking turn; millennial sisters of color who grew up in dire poverty—one to become a BLM activist, the other, a hardcore conspiracy theorist pulling her little boy down the rabbit hole with her; a Bay Area hippie-type and her business-executive fiancé, who must decide whether to stay with her as she turns into a stranger before his eyes; evangelical parents whose simple life in a sleepy suburb spirals into delusion-fueled chaos; and a rural mother-son duo who, after carrying each other through unspeakable tragedy, stop speaking at all as ludicrous untruths shatter a bond long thought unbreakable.

Charting the arc of each believer’s path from their first intersection with conspiracy theories to the depths of their cultish conviction, to—in some cases—their rejection of disinformation and the mending of fractured relationships, Cook offers a rare, intimate look into the psychology of how and why ordinary people come to believe the unbelievable. Profound, brilliantly researched, and beautifully written, The Quiet Damage lays bare how we have been taken hostage by grifters peddling lies built on false hope—and how we might release our loved ones, and ourselves, from their grasp.