Kenneth Arrow
American economist (1921–2017)
The numbers
2 + 6 = 8
Lo Shu grid
Missing: 4, 5, 7. Present digits repeat to show how many times they occur.
Life path 8 — The Executive
Eight is the number of material consequence — authority, money, scale, the machinery that makes things actually happen. Tradition reads it as unusually comfortable with leverage and unusually clear-eyed about what things cost. It carries the sharpest warning of the nine: 8 is described as the number most able to build something large and most able to be consumed by it, with the reading turning on whether the power is aimed at anything beyond itself.
Complete lines
Line of Action
The 8-1-6 row complete. Read as follow-through — the traditional marker of someone whose plans reliably become events.
Line of Expression
A complete line in the grid.
Responsibility
A complete line in the grid.
Care
A complete line in the grid.
Repeated numbers
2 appears 3 times
Concentrated sensitivity. Read as perception so continuous it becomes hard to switch off.
What is missing
Missing 4
Read as impatience with structure and maintenance. Associated with starting well and leaving the scaffolding to someone else.
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 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 5 comes from the day of the month alone; Bhagyank 8 from the whole date. They differ, which is the ordinary case — the two numbers answer different questions.
Budha
Mercury. Intellect, commerce, speech. Read as quickness and adaptability.
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
There is no need to enlarge upon the importance of a realistic theory explaining how individuals choose among alternate courses of action when the consequences of their actions are incompletely known to them. It is no exaggeration to say that every choice made by human beings would meet this description if attention were paid to the ultimate implications.
Among economic phenomena which have in some way been tied up with the existence of uncertainty, three classes may be distinguished: (1) those which by their very definition are concerned with uncertainty; (2) those which are not related to uncertainty by definition but nevertheless have no other conceivable explanation; (3) those whose relation to uncertainty is more remote and disputable.
Traditional welfare economics shows that there are certain of these combinations that will be preferred by all the voters, which permits us to eliminate the others without too much discussion. However, there will always remain an irreducible kernel of possibilities among which the choice rests on a combination or aggregation of individual ethical attitudes about distribution.
L. Walras first formulated the state of the economic system at any point of time as the solution of a system of simultaneous equations representing the demand for goods by consumers, the supply of goods by producers and the equilibrium condition that supply equal demand on every market.
Perhaps as important is the relation between the existence of solutions to a competitive equilibrium and the problems of normative or .
The government may be regarded as a decision-making entity. Among the decisions it makes are the formation of economic policy and the collection of economic-statistical information. In all modern nations the economic policies of the government are significant activities, if for no other reason than the high proportion of national income which passes through the Treasury; but of course in many countries much more ambitious economic planning is aimed at, though not necessarily achieved. Economic statistics, on the other hand, if one is to judge by expenditures, form only an insignificant proportion of a government's activities and are the least developed precisely in those underdeveloped countries which have the greatest felt needs for economic plans.
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