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Congrats to George Akerlof and his colleagues for winning the 2001 Nobel
Prize in Economics! I've had the honour of hearing Akerlof give a short talk on
his then-forthcoming paper, "Economics and Identity," (with Rachel
Kranton), Quarterly Journal of Economics, August,
2000. Yes, I care. Unlike past winners who won for their work on topics like
derivatives and hedge funds, supply side economics and the Euro, etc.,
Akerlof's work is actually interesting to me. He wins credibility as an
Economist to me b/c he's not a Neoclassical theorist who assumes that people
always behave rationally and in their self-interest . I, for one, don't behave
rationally and hence not always in my self-interest (and while I may be crazy
and abnormal and depressed, I suspect that there are other people who don't
behave according to those assumptions either). His work on the consequences of
asymmetric information on the organization of markets has been revolutionary.
(In a way, it's sad that Economists before Akerlof hadn't figured out that not
all business transactions are fair due to adverse selection.) Plus, unlike
other Economists, he integrates the study of anthropology, sociology, and
psychology into standard economic analysis. Wow, someone who doesn't analyze
and recommend policies by merely looking at numbers. Revolutionary indeed.
*~*
"Economic Theory is written according to a set of traditional rules.
Typically, economist theorists – or at least the neoclassical theorist who
dominates our profession today – are concerned with market equilibria in
which individual actors behave selfishly and usually with expectations that, if
not precisely correct, nevertheless make sense in terms of the individuals’
respective environment…The unwritten rule that only economic phenomena be considered in economic
models, with agents as individuals, selfish maximizing, restrict the range of
economic theory and in some cases even cause the economic profession to appear
peculiarly absurd – because without relaxation of these rules, certain almost
indisputable economic facts, such as the existence of involuntary unemployment
become inconsistent with economic theory."
George Akerlof, An Economic Theorist’s book of tales.
*~*
Songs: 'Every Road' by Shari
Ulrich, and 'St. Elmo's Fire (Man in Motion)' by David Foster and John Parr
~*~ # of news
items I've read/ listened to/ watched about anthrax scare/ war against
terrorism: almost nil. Not interested. Ignorance is bliss is my attitude
regarding this topic. Did you see that commercial
of all these male toy soldiers with toy war tanks, machine guns and chains of
bullets? Ridiculous. Glorifying war. What idiot parents will buy these for
their kids?
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Some snippets of my life since last entry:
- Ice skating with the niece (a bust b/c they didn't have metal bars for
kids so we used a pylon/orange cone), talking to a Ba'hai Iranian man with
limited English about the Taliban, watching my niece (the kid who never
speaks to any other kid) opening up and playing with his grandson (the kid
who speaks to everyone). Unfortunately, they're not in the same preschool
class.
- Wondering whether I'm wrong re: agreeing with Sunera Thobani's speech; thinking that
if Thobani can be accused of inciting hatred against the US for publicly
criticizing US foreign policy, then all right-wing newspaper columnists could be accused of inciting hatred
against people who don't share their beliefs too.
- Watching Obachan's Garden,
feeling damn guilty about not having attended my own great-grandmother's
100th b-day last year. In the docu-drama, they showed the Obachan (Japanese for
grandmother) Asayo Murakami refusing to attend her own 100th b-day celebrations as her
large extended family waited for her. Instead, she sat by herself in the
dining room of her nursing home. Before the film started, Murakami's
great-granddaughter Caitlin, dressed in a kimono, went up onto the stage and played
2 open-A notes on Asayo's old violin. Then the director Linda Ohama (Asayo's
granddaughter) said a few words and then picked up a fuschia scarf/ obi and
wrapped it around her neck before she descended the stairs. Later on during
the film, you see the significance of the violin (Murakami's best friend in
Canada) and the obi (just sth Japanese and which was displayed throughout
the film to help along in the transition of the story, which took five years
to make). After the film, Ohama, her daughter Caitlin, her
parents, and her now 103 year-old grandmother went up onto the stage. About
30 minutes later, as my friend and I were eating at Kitto House (to keep up
with the Jap theme for the day), I spied Ohama walking by with her daughter
and another relative. I smiled at her and she smiled back. Don't know
whether she recognized me from the theatre or whether she just spied my
dog-eared copy of the Film Fest program guide on the table or whether she
was just being polite, but it was a nice moment. (Ohama is
on the board of Uzume Taiko Society, whose performance I had seen two weeks
ago.)
- Apparently, despite the tremendous variety of films at the Vancouver
INTERNATIONAL Film Fest, the only films that I've seen are Canadian ones
whose directors are Asian or mainland Chinese films. I still have very
narrow interests. The Chinese films that I saw made me feel guilty about how
I'm lucky enough to live in the West and have all these opportunities in
life, yet I'm not fully taking advantage of them. Guilt, guilt, guilt:
- Roots and Branches
-Melodramatic, cried more than I have ever cried in my life in a
theatre. Felt I should've seen it with a boyfriend or someone really
close. Instead, I sat amongst strangers, with no tissue. The white man
to my right actually laughed at a really poignant part too! I hadn't
heard any sniffles or seen anyone dabbing their eyes with a tissue, so I
thought I was the only one crying. But when I went to the ladies' room
afterward, I was pleased to see a long line of women with puffy eyes. I
especially could relate to the eldest son who turned out to be a cabbie
in Beijing. As he was the eldest, he wasn't adopted by anyone when his
parents died when they were young. He was a loner who always got into fights. It was him
against the world. And I actually didn't know whether his sister, who
had been adopted and moved to the US would accept him once she returned to
China as an adult to guest conduct an orchestra. The four kids
used to be so tight-knit and now they were strangers to each other. I was just sucked right in - didn't
feel my emotions was manipulated at all. My favourite film this year.
(The father is played by the "father of Chinese punk rock"!)
- Beijing Bicycle - just ok. Could've emphasized the snobbery and lack
of respect of urbanites for people from the countryside of China more.
Just a movie about teenage bullies. Not really into watching teenagers
act.
- bike riding along the trails of Stanley Park to Beaver Lake, across the
overpass overlooking the causeway, to Prospect Point and dying from the climb uphill. I'm completely
out of shape.
- Fooling around w/ a violin
- Tennis: Once at night. The lights shone on only 2 of the 12 courts there.
Surrounded on one side by a bunch of tall condo towers and on the other
sides by the dark forest. The two of us playing, shrouded in darkness. Very
cool. All that was missing was a coyote. The other time, same location but
during the daytime. It had rained the day before, so there were still some
puddles on the courts. Found a rag to wipe. Someone brought a broom, which
was borrowed by others. A community of die-hard tennis fans there. I think I
have a regular tennis partner now. Afterward, she treated me to a drink
(watermelon slush with coconut meat) and then I bought some pre-marinated
Korean BBQ beef. Expensive. Next time, I'll just make my own as long as I
can find such thinly sliced sirloin at the store. It seems easy. Instead of
adding salt with the soy sauce, it's all about using lots of sugar with the
soy sauce.
- Envying: people who can draw so amazingly well in class, and admiring the
people in the next studio who are in a Beginning to Paint class but can copy
master paintings already (e.g. Mona Lisa, etc.)! I've set up a page recording what we've
done so far in Drawing Class.
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