.jpg?width=300)
Joseph Stiglitz
American economist, professor, and recipient of the Nobel Memorial Prize in Economics
The numbers
2 + 8 = 10
1 + 0 = 1
Lo Shu grid
Missing: 5, 6, 7. Present digits repeat to show how many times they occur.
Life path 1 — The Initiator
Tradition reads 1 as the number of origination — the point before anything has been divided. Practitioners associate it with people who move first, set direction, and carry the discomfort of being early. The same tradition is candid about the cost: the instinct that starts a thing is not the instinct that finishes it, and 1 is read as needing others precisely where it least wants to admit it.
Complete lines
Line of Expression
A complete line in the grid.
Cooperation
A complete line in the grid.
Organisation
A complete line in the grid.
Repeated numbers
1 appears 3 times
Concentrated self-direction. Read as conviction that does not need external agreement — and does not always seek it.
What is missing
Missing 5
The centre of the grid, so its absence is weighted heavily. Read as difficulty adapting mid-course — a preference for the plan already chosen over the plan now indicated.
Missing 6
Read as a complicated relationship with obligation — either avoiding it or over-shouldering it, rarely a settled middle.
Missing 7
Read as reluctance to sit with an unresolved question. Associated with wanting the working answer rather than the true one.
Vedic — Ank Jyotish
Moolank 9 comes from the day of the month alone; Bhagyank 1 from the whole date. They differ, which is the ordinary case — the two numbers answer different questions.
Mangal
Mars. Force, conflict, courage, blood. Read as energy that must be aimed at something.
Bhagyank uses the same arithmetic as the Western life path, so the two will always agree. That is not two traditions confirming each other — it is one calculation under two names.
In their words
Most poor people earn more than minimum wage when they are working; their problem is not low wages. The problem comes when they are not working.
The reason that the invisible hand often seems invisible is that it is often not there.
It's actually a tribute to the quality of economics teaching that they have persuaded so many generations of students to believe in so much that seems so counter to what the world is like. Many of the things that I'm going to describe make so much more common sense than these notions that seem counter to what ones eyes see every day.
The fall of Wall Street is for market fundamentalism what the fall of the Berlin Wall was for communism.
The top 1 percent have the best houses, the best educations, the best doctors, and the best lifestyles, but there is one thing that money doesn't seem to have bought: an understanding that their fate is bound up with how the other 99 percent live. Throughout history, this is something that the top 1 percent eventually do learn. Too late.
And it should be clear that, in spite of the increases in GDP, in spite of the 2008 crisis being well behind us, everything is not fine. We see this in the political discontent rippling through so many advanced countries; we see it in the widespread support of demagogues, whose successes depend on exploiting economic discontent; and we see it in the environment around us, where fires rage and floods and droughts occur at ever-increasing intervals.
Sourced from Wikiquote, restricted to the subject’s own sourced sections.