The uses of a Nobel prize in economics
The 2015 Nobel prize for economics has been awarded to Angus Deaton, who is based in the Princeton University, in USA. Deaton’s work has been on poverty and his contemporaries in the field are Amartya Sen and Jean Dreze; all three have focused on poverty, malnutrition, consumption by households and how to measure these.
Herewith my view which I set out in a series of 37 tweets:
1 – like every single Nobel award category, the one for economics is calculated recognition of the use of Western ideas.
2 – There is no Nobel in economics for, say, Pacific islander economics or nomadic/pastoral economics. The boundary is clear.
3 – There is the additional problem, and it is a weighty one, of what is being recognised: a science or a thought experiment?
4 – Western economics can only ever and at best pretend to be a science (ignore the silly equations). There’s more.
5 – It has to do with food and food consumption choices. Do remember that. For the last 5-6 years the food MNCs and their..
6 – collaborators in Bharat have moved from hunger to nutrition. Remember that we grow enough food for all our households..
7 – and there are in 2016 about 175 million rural and 83 million urban households. So, food is there but choice is not yet..
8 – as clear as the marketeers and retailers pretend. No one truly knows, but economists claim to, and this one does.
9 – What then follows is the academic deification of the thought experiment, done carefully over a decade. The defenders..
10 – of the postulations of Deaton, Dreze, Sen et al turn this into a handmaiden of poverty study. And India is poor..
11 – (but Bharat is not). So we now have consumer choice, poverty, malnutrition and a unified theory to bridge the mess..
12 – for such a third world mess can only find salvation through the scientific ministrations of Western economics. The stage
13 – was thus set some years ago, when the Congress/UPA strove abundantly to craft a halo for this thought experiment..
14 – and in the process, all other explanations concerning food and the manner of its many uses were banished from both..
15 – policy and the academic trend of the day. But Deaton’s experiment is only as good as his references, which aren’t..
16 – for the references, as any kirana shop owner and any mandi bania knows, are more unreliable than reliable. What our..
17 – primary crop quantities are have only ever been a best estimate subject to abundant caution and local interpretation..
18 – for a thought experiment which seeks to unify food, malnutrition, poverty and ‘development’ this one has clay feet..
19 – which nevertheless is good enough for the lords of food crop and seed of the world, for it takes only the shimmer of..
20 – academic respectability such as that accumulated by Deaton, Dreze and Sen to turn postulate into programme. What we..
21 – will now see is what has been seen in medicine (and therefore public health) and in ‘peace’ (hence geopolitics) because..
22 – of the benediction the Nobel aura confers. This work will be press-ganged into the service of the new nutritionists..
23 – whose numbers are growing more rapidly than, a generation ago, did the numbers of the poverty experts. It is no longer..
24 – food and hunger and malnutrition but consumer choice, nutrition and the illusions of welfare. This is the masala mix..
25 – seized upon by those who direct the Nobel committee as they seek to control our 105 million tons of rice, 95 of wheat..
26 – our 43 million tons of coarse cereals, 20 of pulses, 170 of vegetables and 85 of fruit and turn this primary wealth..
27 – of our Bharat into a finance-capital manifesto outfitted with Nobel armoury that is intended to strip choice (not to..
28 – support it) from our kisans who labour on the 138 million farm holdings of our country (85% of them small and marginal)..
29 – and from our 258 million households (as they will be next year) towards whose thalis is destined the biofortified and..
30 – genetically modified menace of hyper-processed primary crop that is digitally retailed and cunningly marketed. This..
31 – is the deft and cunning manoeuvring that has picked on the microeconomist of post-poverty food study aka nutrition..
32 – as being deserving of Nobel recognition (when five years ago the Nobel family dissociated itself from this category).
33 – And so the coast has been duly cleared. The troublesome detritus of poverty macro-economics has been replaced by the..
34 – big data-friendliness of a rickety thought experiment which lends itself admirably to a high-fashion ‘development’..
35 – industry that basks in ‘sustainable’ hues and reflects the technology-finance tendencies of the SDGs. Food is no longer..
36 – in vogue but the atomisation of community crop and diet choice most certainly is. The pirate pennant of Western macro-
37 – economics is all aflutter again, thanks to the Nobel wind of 2015, but I will not allow it to fly over my Bharat. Never.
PS: The Western media has as usual waxed cluelessly eloquent on the selection of the award winner. This is the new York Times writing itself breathless about what this means for understanding the situation of the poor in the global economy. There is an account from Princeton [pdf] on the measuring of poverty, which has now become such a burgeoning industry. The statement of the committee which awarded this economist is here, with a more detailed version here [pdf].