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Topic : Change Politics
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Pessimist Vs Optimist when it comes to creating regulations and generating policies !!

Created by : Mathew Cherian, Research Associate/Analyst, Western Michigan University  | 02 21 2012 22:59:13 +0000
Industry : Public Sector/GovernmentFunctional Area : India(Markets)
Keywords : optimist vs pessimist what is the historical reality when policies are formulated and outcomes in nature.
Activity:  378 views;  last activity : 02 24 2012 17:56:56 +0000

See at the link below. http://en.wikipedia.org/wiki/Simon–Ehrlich_wager

  
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Optimist Vs Pessimist
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Thanks Cherian Sir for the topic! There is an indeed tilt towards pessimism in our society. Even policy decisions are treated with an air of - 'what could go wrong than what is the gains likely.' Naturally this reflects on decision makers and enforcers right up to the top. Naturally none of them want to take decisions that could stir up a storm. The decision taking are always slow and stop-gap by nature.
By Vinoy Scaria James, Consultant, Travel Hub  02 23 2012 17:29:20 +0000
 
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@ Cherian Sir, to my understanding "Cornucopian" is a futurist who believes in that there is enough matter and energy on the Earth to provide for the ever-rising population of the world. It means he is an "Optimist". Here Pessimist is tagged as Cornucopian. I believe it needs a correction.

 

Sir, I have gone through the website and its links as you suggested. According to Simon, the relative prices of any commodity/metal will be less than at some point from today. Availability of new technologies and alternatives may diminish the importance of a metal/commodity, so the prices will be relatively low when compared to today.  This can be understandable.

 

According to other Economists like Paul Ehrlich who used to take the real price of the day into account and argue about the price hikes.

But Sir, as my mom used to say that some 100 tulas of gold (approximately and not exactly-  a thousand grams)  in her possession which was sold out by my father @ Rs. 80/- per tula during late 1960s. Today the price of gold is around Rs.25,000/- per 10 grams. How, the Simon's theory works in this specific case. I am puzzled can you please explain?
By Srinivas suravajhala, Asst. Manager.  02 23 2012 09:19:16 +0000
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When it comes to making long term policies Indian policy makers believe in the depletion of natural resources and they go at snails pace in developing the nation. The link below give a narration of the consequences and history behind how world population is divided as to how they cluster as two different groups and consequences. http://en.wikipedia.org/wiki/Simon–Ehrlich_wager
By Mathew Cherian, Research Associate/Analyst, Western Michigan University  | 02 24 2012 17:56:56 +0000
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@Mr. Sreenivas, sir, gold is a precious commodity in the first place, moreover, the living standards and the wages has risen from the '60's, so that people can afford at the present prices. The wikipedia article clearly states there is no need to be pessimistic since the circumstances will change accordingly so that no adverse effects occur when the prices rise. @Mr. Suryanaryana Murthy, sir, reservations are only an offbeat policy that don't come into mainstream developmental economic theories. Mainstream economic theories would have provisioned for equality through income distribution rather through caste based policies in the first place. I don't think it is either pessimistic or optimistic, though it might look like Mr. Ambedkar thought it might speed up the process of equality, when even there were so many in the high caste who were economically backward. This was a lopsided policy based on lack of information rather than any pessimism or optimism I have to say. I am talking the delay in decisions on welfare and free market, infrastructure, commercial environmental changes, widening and deepening of markets etc; which are mainstream economic agendas which remain out of sight of policy makers. Thanks.
By Mathew Cherian, Research Associate/Analyst, Western Michigan University  | 02 23 2012 16:35:56 +0000
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Going by the analyst there has been acute pessimism too considering the non availability of resources, may be lack of procurement or may be lack of information gathering about the availability of natural resources even tough there is abundance availability. Then it also put forth the attitude is the situation approachable, will there be a desired results on the inquiry you make so on and so forth.... So pessimism do prevail in the minds of the audience.
By R.Hariharan Subramaniam, Account Director, (Strategy and Planing), LIVEPOT QATAR, AL Wakhra  | 02 22 2012 09:23:55 +0000
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