From Facebook Aug 31 2011:
Subroto Roy has really done what he can, just about, for his country, & has been rewarded by his country’s government and its “institution of national importance” with the most despicable evil. It is a toss-up between whether my personal experience of Indian corruption and vicious state-tyranny is worse than my personal experience of bribery and perjury in the federal court system in America.
Andrea Kent Your bitterness is understandable. Patriotism is rising above appropriate anger toward individuals and continuing to love and serve the nation, even if it is infected by wicked individuals.
Subroto Roy Yes it is indeed, you are right…
Andrea Kent The history of most great nations contains examples of individuals who, though later acknowledged as heroes, were treated shabbily by their respective homelands. It is sad that you are being treated badly, but surely it is just by one institution and its envious employees, rather than by the entire country? At least, I hope this is caused by a small number of wickedly envious people rather than by an established policy of the government.;
Subroto Roy Corruption is endemic in India… the matters I exposed some years ago had to do with (a) apparent siphoning off money in building (and purchase) contracts; and (b) apparently abusing the fiduciary interest of students by stealing from their fees to pay for round the world business-class travel, etc.. No, I am not bitter, either about India or about America but yes, as I have said it is a toss-up between whether my personal experience of Indian corruption and vicious state-tyranny is worse than my personal experience of bribery and perjury in the federal court system in America.
Aletha Kuschan Andrea is right, though, that you were affected by individual actions more, I think, than by the nation as a whole in both instances. I wish that your fine work was getting the lion’s share of attention and not causing you troubles at all. But ideas have their natural audiences and all too often that audience is located in the future — as Andrea noted. Keep the faith, Suby. Truth does win out in time. And that really does matter too. Listen to the ladies, Suby …
Subroto Roy Thanks Aletha, Andrea. Aletha, re “Andrea is right, though, that you were affected by individual actions”, Individualism is of course something I know much about since my Hayek days (Frank Hahn called me 26 years ago “probably the outstanding young Hayekian”) but my experience has been mixed.
I have had quite long associations with three academic institutions, two in America, one in India. At the first, my academic work was attacked by a gang of what I have called “inert game theorists”, game theory being the prevalent fashion at the time, there was an academic freedom issue and I let it be; but on top of that arose the open and blatant sexual harassment of a woman graduate student by the department head, and my helping her, in a very minimal but essential way, contributed to the conflict. I did not fight it more than a bit and left (for BYU, where the Mormons gave me refuge and allowed me to complete my book, almost).
The second case, also in America, was one of outrageous collective targeting of my work as an academic and an economist by my national origin, even my purported race and religion, and when I did battle that, having immense faith in the American system, my adversary responded by demonstrated perjury, buying out my attorney (and getting caught doing it), and compromising the federal judge. Not good. Certainly my faith in the American system was shaken but *not* in America herself — why? because two of the greatest 20th C American economists, Milton Friedman and TW Schultz — gladly stood for me, and their testimony (ignored by the compromised judge) was far more important than anything else to me. I.e., it was these two American *individuals* (as well as several others less eminent but equally heroic) who allowed my faith in America to continue unshaken even though the personal experience of the institutions had been ghastly.
The Indian case is wholly different as it is a wholly different political culture for the most part. The issues are cheap and pathetic — fraudulent academic credentials, stealing money from the government, stealing money from students, stealing others’ property wherever possible in the knowledge you can get away with it, etc.
There is hardly anything of deep significance involved except it gives the lie to all the government and elite propaganda about how well India is doing — and in that context becomes relevant too what I did in America which came to Rajiv Gandhi through my advice to him in his last months:
Aletha Kuschan meanwhile, it was Abigail Adams’s sage advice to “remember the ladies”
Subroto Roy Indeed I do, and follow it; my best buddy, an old lady almost 86, is usually full of sage wisdom these days.
Subroto Roy What is the solution? It is, in my case. what I have said here: “A friend has been kind enough to call me an Academician, which I probably am, though one who really needs his own Academy because the incompetence, greed and mendacity encountered too often in the modern professoriat is dispiriting.”
Subroto Roy And what does such an Academy consist of in the Internet/Facebook Age? Big buildings? Naaaa…
Aletha Kuschan What would Socrates do???? WWSD — for short
Subroto Roy Quite so, what would Socrates do? His Academy today would be his Facebook profile and his blog. 🙂
Aletha Kuschan I get to be Plato — called it first!!
Subroto Roy LOL… Platoletha has a nice ancient ring about it…
Andrea Kent I think Aletha would be Πλάτωνίσ, and I would then be Ἀριστοτέλά, your devoted acolytes.
Subroto Roy LOL… 🙂 I actually was given the Roman name Subius Maximus myself by my buddy Bobbus Fluhartius, aka Bob Fluharty in Charleston WVa..
From Facebook August 11 2011
Subroto Roy is glad to hear on the telephone from the Registrar of the “Institution of National Importance” where my professorial office was left in-tact on August 23 2003 that he now agrees my “personal belongings” there are not “Institute property” and he is making efforts to trace their location.
Arrow and Hahn, General Competitive Analysis, 1971
Bliss, Capital Theory and the Distribution of Income, 1975
Arrow, Collected Works
Burrows and Hitiris, Macroeconomic theory
Henderson and Quandt, Microeconomics
Takayama, Mathematical economics
Markowitz, Mean Variance analysis
Bernstein, How futures markets work
Akehurst, Modern introduction to international law
Dumont, Homo heirarchicus
AEA Surveys of economic growth, two volumes
Amartya Sen, Collective Choice and Social Welfare
Amartya Sen, On Economic Inequality
Amartya Sen (ed) Growth Economics
Townsend (ed) Price Theory
Clower (ed) Monetary Theory
Lecture notes in statistics
Lecture notes in econometrics
Lecture notes in mathematical economics
IMF working papers, research monographs
About 16 masters level student theses
About 4 undergraduate BTech level theses…
Etc etc, a partial reconstruction from memory…
From Facebook August 10 2011:
Subroto Roy fears that many of his academic books, papers, lecture notes, student theses, mostly invaluable, even his Cambridge gown, may have been stolen, yes stolen, from his professorial office by a conscious deliberate decision of the administrative authorities of a major academic institution in India, deemed an “Institution of National Importance”….
Sully Augustine Outrageous!
Subroto Roy Indeed. I have managed eight years without them and now there is a High Court order for them to be returned to me, but the Registrar of the place tells me on the phone he thinks it became “Institute property”…
Frank Cowell !
Subroto Roy Battling corruption in academia is a painful and exhausting business.
Subroto Roy fears that his precious priceless 1977 copy of the 1971 edition of Arrow and Hahn has been stolen, yes stolen, by a major academic institution in India, deemed an “Institution of National Importance”….
Subroto Roy thinks the flare-up of the Telangana issue has one and only one positive consequence: it brings home to New Delhi’s ruling elite that there are real political questions in India, and not everything can be left to spin-doctors and lobbyists to handle.
Subroto Roy thinks the Dubai real-estate collapse has a lesson for Government of India policy-makers (a lesson which will not be learnt): it is as ridiculous to think Mumbai can be an international financial centre as it is to think India can build “world class academic institutions” overnight. Such things don’t depend on tall or big buildings but on the people inside them.
Subroto Roy recalls a conversation in 2004 in London about Dubai’s sheikhs aspiring to make Dubai a new NYC-like financial centre with the euro displacing the dollar in the aftermath of the 9/11 backlash against the Arab world. Those plans have been presumably put in cold storage.
Subroto Roy thinks among Edward Hugh’s interesting points on Dubai’s technical default, is that crane-usage may be a leading indicator, at least in “emerging markets”…..
For a half dozen or so years from about 1996 onwards, I taught graduate engineers a course on microeconomic theory as part of an MBA syllabus. The level would have been that of Varian’s undergraduate text as well as, where possible, Henderson & Quandt’s intermediate text (Postscript: and, I now recall, a little of Arrow & Hahn Chapter 2 if there was time). It was quite successful as most students were very serious and had a more than adequate mathematical background.
Exchange, utility analysis and theory of demand
Rational decisions as constrained optimization
Theory of the firm, technology, profit-maximization, cost-minimization, cost curves
Market equilibrium under competitive conditions
Pricing under Monopoly, Oligopoly
Theory of games
Asset markets : arbitrage and present value
Decision-making under uncertainty
Mean-variance analysis : equilibrium in a market for risky assets