Art and visual perception by Rudolf Arnheim
A Psychology of the Creative Eye.
[A
great book on study of arts - explains how the eye organizes visual
material according to definite psychological laws. There so much to take
notes from this book and hence I am writing down couple of them]
Any stimulus pattern tends to be seen in such a way that the resulting structure is as simple as the given conditions permit.
In
an absolute sense, a folks song is simpler than a symphony and a
child’s drawing is simpler than a painting by Tiepolo. But we must also
consider relative simplicity which applied to every complexity level.
Compositions by adults are rarely as simple as the conceptions of
children; when they are we tend to doubt the maturity of the maker. This
is because the human brain is the most complex mechanism in nature and
when a person fashions a statement that is to be worthy of him, he must
make it rich enough to reflect the richness of his mind. Simple objects
may please and satisfy us by serving limited functions appropriately,
but all true works of art are quite complex even when look ‘simple’.
Great
works of art are complex, but we also praise them for “having
simplicity’, by which we mean that they organize a wealth of meaning and
form in an overall structure that clearly defines the place and
function of every detail in whole. This way of organizing a needed
structure in the simplest way may be called its orderliness.
Appearance
of any part depends, to a greater or lesser extent, on the structure of
the whole, and the whole in turn is influenced by the nature of its
parts. If they carried too much expression of their own, they would have
marred the unity of the whole work. This is why dancers, who speak
through their bodies, often wear deliberately blank facial expressions;
and it is why Picasso, after experimenting with sketches of rather
complex hands and figures for his Guernica, made them much simpler in
the final work.
At
the first stage of the first dimension, spatial conception is limited
to a linear track. There is no specification of shape. A
two-dimensional conception brings two great enrichments. First, it
offers extension in space and therefore the varieties if size and shape:
Second, it adds to mere distance the differences in direction and
orientation. Three-dimensional space, finally, offers complete freedom:
shape extending in any perceivable direction, unlimited arrangements of
objects, and the totally mobility of a swallow. Beyond these three
spatial dimensions visual imagery cannot reach; the range can be
extended only by intellectual construction.
In
colors, red and green, being of equal intensity, divided retinal
activity into equal halves, whereas yellow and violet were produced by a
ratio of three to one and orange and blue in the ratio of two to one.
(Green & Red -1/2; Blue (1/3)& orange(2/3), violet(1/4)&
yellow(3/4), black(0) & white(1))
A
motion is the strongest visual appeal to attention. Motion implies a
change in the conditions of the environment, and change may require
reaction. The three variables of the later system are qualitative:
space refers to the path of the movement, which may be straight and
direct or flexible and indirect; Force indicates the difference between
vigorous strength and delicate weightlessness; Time distinguishes
between slow lingering and a sudden start. In conceiving of his or her
activities from the outside but by understanding the impulses that
produce the desired effect. What a dancer or actor wishes to obtain is
not like the sign language of a semaphore transmitting its coded message
to the intellect of the recipient by gesticulation. It is rather a
pattern of visual forces, whose impact is immediately felt.
Since,
however to speak of movement is obviously metaphorical when one refers
to painting, sculpture, architecture, or photography, where nothing
moves physically, what precisely is the nature of the visual phenomenon
thus desired? The one theory prevalent among philosophers and
psychologists avoids the challenge by asserting that in such cases the
observer is under the illusion that actual locomotion is taking place or
more subtly but less clearly that the image feels as though it were in
motion – perhaps because the viewer generates within his own body
appropriate kinesthetic reactions. This latter theory can be found in
Hermann Rorschach’s discussion of movement response to his inkblots.
October 21, 2012
October 3, 2012
Speak like Churchill and Stand like Lincoln by James C. Humes
Speak like Churchill and Stand like Lincoln by James C. Humes
21 powerful secrets of History’s greatest speakers.
Every time you open your mouth your capability as a leader is judged.
1. Power pause
I stand in pause where I shall first begin - William Shakespeare.
Try staging the strategic delay the next time you deliver a sales pitch or answer a query put to you during a conversation. Napoleon knew the keys to charisma and the power pause method was his key to magnifying his message. Before you answer, take time to look directly into the eyes of your questioner and hold his or her gaze a beat.
Stand Stare and command your audience
Before you speak, try to lock your eyes on each of your soon-to-be listeners. Force yourself before you begin your presentation to say in your own mind each word of your opening sentence. Every word you wait will strengthen the impact of your opening words. Stand, stare and command your audience and they will bend your ears to listen.
2. Power opener.
The prime time of any talk or presentation you give is during your opening words. Everyone in the audience is waiting to see what you look and sound like. Do not waste that psychological edge with trite blather. Go for the power opener. Begin with a bang. Prepare it, polish it and practice it.A power opener is an attention grabber and an audience awakener.
3. Power presence - “Clothes, which as it seems, makes thee” - William Shakespeare.
Clothes make a statement. The selection of garment should not be causal or by chance. Adapt a style that suits you and that people will identify with you.
Style for men: Shoe - dark brown or black cordovan. Two piece rather than three piece suit in gray or navy blue is appropriate. ‘The most underused and understates piece os clothing: the classic white shirt”. Straight collar with buttoned cuffs is hard to beat. A blue button-down Oxford is always appropriate
4. Power point - “Speak plain and to the purpose” - William Shakespeare
What is it you want the audience to do when the speech is over? what is the bottom line - in one sentence. Plan your speech like a Symphony.
5 Power Brief.
Less is more in an adage that has been identified with architecture and fashion. Terse is better than tedious. Shorter is sweeter. Short is sharper and brief is better.
Tell a story, not a speech.
The exceptional is often the unexpected -
6 . Power quote.
First rule with quotes. Be comfortable with the quote;
Second rule: prominent and pithy (the name should be recognizable and the quotation brief)
Good communication spells the difference between a leader and a manager. Speech is theater - so dig up one apt quotation and frame it with props.
Dramatize and emphasize your quote to make it a power quote.
Produce present perform your quote.Before your next talk, look over your file and pick the most apt quotation for your talk or presentation, one that will support your data and reinforce your facts.
7. Power Stat - “A statistic should tell a story” - Margaret Thatcher.
Some statistics are cited precisely and up front to obtain immediate credibility; otherwise are frames more roundly to be remembered by the audience. Too many numbers numb an audience. Pick the strongest and the finest data (statistics). round your statistics (such a way that it is easy to understand or correlate (Sweden is five times bigger than Connecticut than saying Sweden is 150 K sq. miles)
Relay your statistics to your listeners and compare to the familiar.
Audience remember odd number than even numbers.
Figures lie and liars figure
8. Power outage. “Too many slides make audience sleepy” = Richard Nixon.
Slides are no substitute for speaking.
A prop, not a crutch. If you aim to be a leader, let your slides be a prop , not a crutch.
Reinforcement rather than replacement. Visual aids should be used to reinforce, not replace the speech.
Keep slides simple.Don’t let your slides become your security blanket.
Slides: an appetizer, not the mean
9. Power wit. Don’t tack on jokes. The difference between a joke and a humor is the difference between a pornography picture and a love scene in a good move. Aristotle once wrote. “The essence of humor is surprise”. As Shakespeare observed, “It makes a speech amble easily”. Humor is a change of pace that refreshes.
Great speakers often use humor to lighten the mood of their audience.
The three Rs of humor. - Make it realistic, make it relevant and don't read it
Make stories realistic and relevant Leaders don’t begin speeches with stale old jokes; but they do spice up their talks with humorous anecdotes.
Adopt and Anecdote: The secret to presenting speech humor is to weave it in as part of your own experience.
Humor and poetic license:
Illustrating with a Parable: Benjamin Franklin also stressed the importance of investment with a story.
10. Power Parable.
Parables provide picture of abstractions
Don’t change horses in the middle of the stream
Turn concepts into concrete
Arsenal of anecdotes
Storehouse of stories
When you share a bit of yourself with others, you win their trust and affection and they will more readily buy into what you are promoting.
11. Power gesture.-
A master of body language and bonding through body language. Leadership sometimes demands more than verbiage. It requires visible acts. Ghose and use a power gesture.
12. Power Reading.
Memorize then conventionalize
Don’t speak while looking down
See-Stop - say technique: Pause are what make a speech sound conversational. When you pause, you sound sincere, as if you are trying to come up with the right words to express your thoughts.
13. Power poetry.
Churchill would argue that an article should be written for the eye and speech for the ear.
Transform a speech into poetry. If speech is prose, the phrase-by-phrase technique can transform it into poetry.
Make your layout luminous - for any talk, little or long, take your types speech and space it out in bite-size phrases. Following are some of the rules that help to do so:
When you come to a comma, cut the line off
If your subject is followed by its predicate, don’t separate them
When a preposition is succeed by its object, don’t dissect the two
Never end a line with a or the
When you see a period, make sure to call a halt.
Churchill believed that in remarks directed to the ear, a semicolon was verboten, whereas a dash fit the rhythm of a speech of talk.
Let the layout leap out at you. The layout lets the key words and phrases leap out at you. You don’t have to be glued to the text. Secret of changing the old typed article layout into a format approaching that of verse. Students tell me that this way of laying out a talk into phrases is the most useful advice they have taken away from my class. Change your format to Churchill’s. Lay out your lines like a leader and you will sound like one.
14. Power line.
There Is a secret to coining a power line. And I doubt it will surprise you that Churchill reportedly came up with a formula that’s easily remembered by its acronym: C-R-E-A-M (Contrast-Rhyme-Echo-Alliteration-Metaphor)
Contrast:
Opposites attract (only answer to defeat is victory)
Rhyme:
Versifier as well as speechwriters often turn to the Rhyming Nine - AME, AIR, ITE, AKE, OW, AY, ATE, EEM, AIN - for coining zinger lines.
AME - aim, blame, claim, fame, name, shame, same, game, reclaim, proclaim, flame
AIR - bear, care, dare, fare, fair, share, aware, swear, pare, declare, where, scare, prayer, beware
ITE - bite, cite, fight, fright, height, light, night, right, quite, sight, write, delight, foresight, ignite, tonight
AKE - ache, break, fake, sake, shake, stake, take, make, awake, undertake, mistake
OW - dough, flow, foe, glow, go, grow, know, low, show, slow, throw, ago
AY - day, pray, stay, say, way, pay, play, away, stray, they, array, display
ATE - ate, date, fate, great, late, state, slate, straight, wait, weight, abate, donate
EEM - beam, cream, dream, gleam, steam, scheme, seem, stream, team, theme, esteem, redeem
AIN - gain, pain, reign, stain, strain, wane, vein, attain, retain, regain, explain, remain, sustain,
The echo effect :
Echo is repetition of a word or a phrase. (only thing we have to fear is fear itself).
1. repeat the word in the second phrase that you used in the first.
2. Repeat the noun
3. Repeat the verb
Alliterate and activate:
Consonants are better for alliteration than vowels and the best of the consonant is P. Churchill once framed his secret of speaking in a series of P.
Vary the pose and vary the pitch and don’t forget the pause.
Metaphor (Analogies)
Aristotle once wrote: ‘the highest line of the poet is sometimes the hardest to image.
15 Power question
The question as a quip.
Know the answer - in cross-examination of witness, an iron-clad rule is to never ask a question if you are not sure of the answer.
Using series of questions:
Rhetorical power:
Sometimes rhetorical questions - those to which no answer is expected - are posed as a speech device to motivate listeners to get involved.
16. Power word and power phrases
Churchill would introduce compelling or unusual words with a deliberate stuttering pause.
17. Power active
Passive is pale and verbal constructions employing the passive voice too often suggest the passive state of mind
Avoid Whabby words - such as Were, Have/Had, Are/is, Be/Been. These are potential overuse of pause.
Passive is for ‘cover-your-ass types and the active choice is for the take-charge leaders.
The active voice provides force to your speech, whereas the passive voice sounds spineless and deadens your delivery.
18. Power dollar.
We can describe the Franklin formula for fund-raising with these four words that begin with D:
Defiance, Design, Donation and duel.
Defiance is a strong word - it suggests presumptuous, audacious, or even cocky attitude.
Design - paint a picture
Donation - faint hear wins not
Dual: high noon at the OK.Corral.
Don’t think a letter will take the place of a personal visit.
19. Power Button.
power button says to the audience - ready-set-listen to set them up for the power line that follows.
Light up a line like a neon sign
Switch on the ignition with a power button.
One power button per speech.
20. Power closer.”Great is the art of beginning, but greater is the art of ending”- H.W. Longfellow.
A strong last impression
Scripture or Shakespeare
For a strong ending, said Churchill, you have to appeal to the emotions - pride, hope, love and occasionally, fear.
Apply their anecdotes and draw from history.
Create a Cathedral (story /history)
Pick proven closer.
Plant a flower
Crisp closer - electric endings
21. Power Audacity.
Surprise the audience - communication is more than just the words you express. it is also the impression you make.
Leader’s don’t always follow the script. They make moves that live in the memories of their listeners.
Stage your scene - speakers can’t gain podium power by doing the predictable and prosaic. One can gain a great deal by taking the risk of doing the unexpected. An unconditional display of courage can send an unusually strong message.
21 powerful secrets of History’s greatest speakers.
Every time you open your mouth your capability as a leader is judged.
1. Power pause
I stand in pause where I shall first begin - William Shakespeare.
Try staging the strategic delay the next time you deliver a sales pitch or answer a query put to you during a conversation. Napoleon knew the keys to charisma and the power pause method was his key to magnifying his message. Before you answer, take time to look directly into the eyes of your questioner and hold his or her gaze a beat.
Stand Stare and command your audience
Before you speak, try to lock your eyes on each of your soon-to-be listeners. Force yourself before you begin your presentation to say in your own mind each word of your opening sentence. Every word you wait will strengthen the impact of your opening words. Stand, stare and command your audience and they will bend your ears to listen.
2. Power opener.
The prime time of any talk or presentation you give is during your opening words. Everyone in the audience is waiting to see what you look and sound like. Do not waste that psychological edge with trite blather. Go for the power opener. Begin with a bang. Prepare it, polish it and practice it.A power opener is an attention grabber and an audience awakener.
3. Power presence - “Clothes, which as it seems, makes thee” - William Shakespeare.
Clothes make a statement. The selection of garment should not be causal or by chance. Adapt a style that suits you and that people will identify with you.
Style for men: Shoe - dark brown or black cordovan. Two piece rather than three piece suit in gray or navy blue is appropriate. ‘The most underused and understates piece os clothing: the classic white shirt”. Straight collar with buttoned cuffs is hard to beat. A blue button-down Oxford is always appropriate
4. Power point - “Speak plain and to the purpose” - William Shakespeare
What is it you want the audience to do when the speech is over? what is the bottom line - in one sentence. Plan your speech like a Symphony.
5 Power Brief.
Less is more in an adage that has been identified with architecture and fashion. Terse is better than tedious. Shorter is sweeter. Short is sharper and brief is better.
Tell a story, not a speech.
The exceptional is often the unexpected -
6 . Power quote.
First rule with quotes. Be comfortable with the quote;
Second rule: prominent and pithy (the name should be recognizable and the quotation brief)
Good communication spells the difference between a leader and a manager. Speech is theater - so dig up one apt quotation and frame it with props.
Dramatize and emphasize your quote to make it a power quote.
Produce present perform your quote.Before your next talk, look over your file and pick the most apt quotation for your talk or presentation, one that will support your data and reinforce your facts.
7. Power Stat - “A statistic should tell a story” - Margaret Thatcher.
Some statistics are cited precisely and up front to obtain immediate credibility; otherwise are frames more roundly to be remembered by the audience. Too many numbers numb an audience. Pick the strongest and the finest data (statistics). round your statistics (such a way that it is easy to understand or correlate (Sweden is five times bigger than Connecticut than saying Sweden is 150 K sq. miles)
Relay your statistics to your listeners and compare to the familiar.
Audience remember odd number than even numbers.
Figures lie and liars figure
8. Power outage. “Too many slides make audience sleepy” = Richard Nixon.
Slides are no substitute for speaking.
A prop, not a crutch. If you aim to be a leader, let your slides be a prop , not a crutch.
Reinforcement rather than replacement. Visual aids should be used to reinforce, not replace the speech.
Keep slides simple.Don’t let your slides become your security blanket.
Slides: an appetizer, not the mean
9. Power wit. Don’t tack on jokes. The difference between a joke and a humor is the difference between a pornography picture and a love scene in a good move. Aristotle once wrote. “The essence of humor is surprise”. As Shakespeare observed, “It makes a speech amble easily”. Humor is a change of pace that refreshes.
Great speakers often use humor to lighten the mood of their audience.
The three Rs of humor. - Make it realistic, make it relevant and don't read it
Make stories realistic and relevant Leaders don’t begin speeches with stale old jokes; but they do spice up their talks with humorous anecdotes.
Adopt and Anecdote: The secret to presenting speech humor is to weave it in as part of your own experience.
Humor and poetic license:
Illustrating with a Parable: Benjamin Franklin also stressed the importance of investment with a story.
10. Power Parable.
Parables provide picture of abstractions
Don’t change horses in the middle of the stream
Turn concepts into concrete
Arsenal of anecdotes
Storehouse of stories
When you share a bit of yourself with others, you win their trust and affection and they will more readily buy into what you are promoting.
11. Power gesture.-
A master of body language and bonding through body language. Leadership sometimes demands more than verbiage. It requires visible acts. Ghose and use a power gesture.
12. Power Reading.
Memorize then conventionalize
Don’t speak while looking down
See-Stop - say technique: Pause are what make a speech sound conversational. When you pause, you sound sincere, as if you are trying to come up with the right words to express your thoughts.
13. Power poetry.
Churchill would argue that an article should be written for the eye and speech for the ear.
Transform a speech into poetry. If speech is prose, the phrase-by-phrase technique can transform it into poetry.
Make your layout luminous - for any talk, little or long, take your types speech and space it out in bite-size phrases. Following are some of the rules that help to do so:
When you come to a comma, cut the line off
If your subject is followed by its predicate, don’t separate them
When a preposition is succeed by its object, don’t dissect the two
Never end a line with a or the
When you see a period, make sure to call a halt.
Churchill believed that in remarks directed to the ear, a semicolon was verboten, whereas a dash fit the rhythm of a speech of talk.
Let the layout leap out at you. The layout lets the key words and phrases leap out at you. You don’t have to be glued to the text. Secret of changing the old typed article layout into a format approaching that of verse. Students tell me that this way of laying out a talk into phrases is the most useful advice they have taken away from my class. Change your format to Churchill’s. Lay out your lines like a leader and you will sound like one.
14. Power line.
There Is a secret to coining a power line. And I doubt it will surprise you that Churchill reportedly came up with a formula that’s easily remembered by its acronym: C-R-E-A-M (Contrast-Rhyme-Echo-Alliteration-Metaphor)
Contrast:
Opposites attract (only answer to defeat is victory)
Rhyme:
Versifier as well as speechwriters often turn to the Rhyming Nine - AME, AIR, ITE, AKE, OW, AY, ATE, EEM, AIN - for coining zinger lines.
AME - aim, blame, claim, fame, name, shame, same, game, reclaim, proclaim, flame
AIR - bear, care, dare, fare, fair, share, aware, swear, pare, declare, where, scare, prayer, beware
ITE - bite, cite, fight, fright, height, light, night, right, quite, sight, write, delight, foresight, ignite, tonight
AKE - ache, break, fake, sake, shake, stake, take, make, awake, undertake, mistake
OW - dough, flow, foe, glow, go, grow, know, low, show, slow, throw, ago
AY - day, pray, stay, say, way, pay, play, away, stray, they, array, display
ATE - ate, date, fate, great, late, state, slate, straight, wait, weight, abate, donate
EEM - beam, cream, dream, gleam, steam, scheme, seem, stream, team, theme, esteem, redeem
AIN - gain, pain, reign, stain, strain, wane, vein, attain, retain, regain, explain, remain, sustain,
The echo effect :
Echo is repetition of a word or a phrase. (only thing we have to fear is fear itself).
1. repeat the word in the second phrase that you used in the first.
2. Repeat the noun
3. Repeat the verb
Alliterate and activate:
Consonants are better for alliteration than vowels and the best of the consonant is P. Churchill once framed his secret of speaking in a series of P.
Vary the pose and vary the pitch and don’t forget the pause.
Metaphor (Analogies)
Aristotle once wrote: ‘the highest line of the poet is sometimes the hardest to image.
15 Power question
The question as a quip.
Know the answer - in cross-examination of witness, an iron-clad rule is to never ask a question if you are not sure of the answer.
Using series of questions:
Rhetorical power:
Sometimes rhetorical questions - those to which no answer is expected - are posed as a speech device to motivate listeners to get involved.
16. Power word and power phrases
Churchill would introduce compelling or unusual words with a deliberate stuttering pause.
17. Power active
Passive is pale and verbal constructions employing the passive voice too often suggest the passive state of mind
Avoid Whabby words - such as Were, Have/Had, Are/is, Be/Been. These are potential overuse of pause.
Passive is for ‘cover-your-ass types and the active choice is for the take-charge leaders.
The active voice provides force to your speech, whereas the passive voice sounds spineless and deadens your delivery.
18. Power dollar.
We can describe the Franklin formula for fund-raising with these four words that begin with D:
Defiance, Design, Donation and duel.
Defiance is a strong word - it suggests presumptuous, audacious, or even cocky attitude.
Design - paint a picture
Donation - faint hear wins not
Dual: high noon at the OK.Corral.
Don’t think a letter will take the place of a personal visit.
19. Power Button.
power button says to the audience - ready-set-listen to set them up for the power line that follows.
Light up a line like a neon sign
Switch on the ignition with a power button.
One power button per speech.
20. Power closer.”Great is the art of beginning, but greater is the art of ending”- H.W. Longfellow.
A strong last impression
Scripture or Shakespeare
For a strong ending, said Churchill, you have to appeal to the emotions - pride, hope, love and occasionally, fear.
Apply their anecdotes and draw from history.
Create a Cathedral (story /history)
Pick proven closer.
Plant a flower
Crisp closer - electric endings
21. Power Audacity.
Surprise the audience - communication is more than just the words you express. it is also the impression you make.
Leader’s don’t always follow the script. They make moves that live in the memories of their listeners.
Stage your scene - speakers can’t gain podium power by doing the predictable and prosaic. One can gain a great deal by taking the risk of doing the unexpected. An unconditional display of courage can send an unusually strong message.
September 30, 2012
The spark of life by Frances Ashercroft
The spark of life by Frances Ashercroft
Electricity in the Human Body.
[Includes many new information on human body and how things works in human body - esp. poisons work].
Warning : Reader is strongly advised not to try any of the experiments described in the book on themselves or others or on animals. The author and publishers accept no responsibility for any resulting harm if the reader should fail to heed this advice.
There is a fundamental difference between the electricity that powers our bodies and that which lights our cities. The electricity supplied to our homes is carried by electrons. Electrons always flow from a region of negative to positive charge. which means that the current in a wire moves in the opposite direction to that in which the electrons flow. In contrast, almost all currents in the animal kingdom are carried by ions - electrically charged atoms. There are five main ions that carry currents in our bodies. Four are positively charged - sodium, potassium, calcium and hydrogen (protons) and one, chloride is negatively charged. Because they are electrically charged, the movement of ions creates an electric current. In the case of positively charged ions, the current flow is in the same direction as the flow of ions, whereas for negatively charged ions 9as the electrons) it is in the opposite direction.
[An atom can be an ion, but not all ions are atoms. When an atom's outermost orbital gains or loses electrons (also known as valence electrons), the atom forms an ion. Ions are atoms or molecules that have gained or lost one or more of their valence electrons and have a net positive or negative charge - copied from about.com]
Maintaining the ion gradients is expensive; it is extraordinary to think that about a third of the oxygen we breathe and half of the food we eat is used to maintain the ion concentration gradients across our cell membranes. The brain alone uses about 10 percent of the oxygen you breathe to drive the sodium pump and keep your nerve cell batteries charged.
An ion channel is no more than a tiny protein pore. It has a central hole through which the ions move, and one or more gates that can be opened and closed as required to regulate ion movements. When the gate is open, ions such as sodium and potassium swarm through the pore into or out of the cell, at a rate of over a million ions a second. Conversely. when gate is closed, ion flux is prevented. The very largest ion channels are simply giant holes, so big that many ions can go through at a time and both negatively charged ions (anions) and positively charged ions (cations) can permeate as well as quite large molecules. Such channels are not common as it may cause the cell to die. All those ion concentration gradients that the cell setup and protects so carefully would immediately be dissipated if such a channel were to open, causing the cell to die. Some bacterial toxins kill cells in exactly this way. Most channels are choosy about the ions they allow to pass through their pores (potassium channel only permits potassium ions).
The tetrodotoxin contained in the liver and other tissues of this fish is a potent blocker of the sodium channels found in your nerves and skeletal muscles. It causes numbness and tingling of the lips and mouth within as little as 30 minutes after ingestion; gradually paralysis skeletal muscles and ultimately the respiratory muscles are paralyzed which can be fatal. Fugu is considered great delicacy and unfortunately the first is expensive in more ways than one, as unless it is carefully prepared the flesh can be toxic and every year several people die. Properly prepared, the fish is supposed to cause a very mild intoxication and produce a stimulating, tingling sensation in the mouth. A wide variety of animals contain tetrodotoxin, from reef fish, crabs and starfish to marine flatworms, salamanders, frogs and toads.
Like tetrodotoxin, saxitoxin blocks sodium channels and saxitoxin can be found in some mussels, clams and crabs. Both tetrodotoxin and saxitoxin are molecular mimics and both are also valuable research tools because they block sodium channels rather specifically; leaving most other channels untouched. Saxitoxin was exploited by US agents engaged in covet gov. operations both as a suicide and an assassination agent. It has the advantage that is highly poisonous so that only tiny amounts (which can be easily concealed) are needed and it is faster and more effective than cyanide.
Aconite (aconitine) is colloquially called the Queen of Poisons and it comes from monkshood, a pretty plant with a tall spoke of blue helmet-shaped flowers often grown in gardens. Because the toxin is absorbed through the skin, even picking the plant without wearing gloves may cause symptoms.
Another potent sodium channel opener is batrachotoxin, which is secreted from glands on the backs of the vividly marked yellow and black ‘poison dart’ frogs of South and central America. Like aconitine, there is known antidote for batrachotoxin.
Equally fascinating is grayanotoxin, which also locks sodium channels open. It is produced by some species of rhododendron and becomes concentrated in the honey of bees that feed on the flowers’ nectar.
A vast number of toxins that target sodium channels - far more than interact with other types of ion channel. One Reason for this may be that sodium channels are specialized for fast conduction of nerve and muscle impulses. Block then and your prey will be swiftly paralysed and more easily caught.
Botox is the latest tool in the armory of the cosmetic surgeon and is used by film stars and ordinary people alike to smooth out the wrinkles etched on our face by age. But it is actually a virulent poison called botulinum toxin and in my youth it was far more famous for causing fatal food poisoning. Botulinum toxin is one of the most potent natural poisons known. An amount sufficient to cover the head of a pin is more than enough to kill an adult and is estimated as little as gram would kill a million people.Botulinum toxin acts by preventing muscle contraction. When ingested, it gradually relaxes the respiratory muscles until they stop functioning, causing paralysis and death from asphyxiation. In the last decade or two, however, it was realized that if a minute quantity of the toxin is injected under the skin, it will paralyze the muscles in a highly localized way. The virtue of botox is that it blinds so tightly to its target that it is only slowly washed away and the muscles remain relaxed for many months. But every six months of so, the procedure must be repeated. The downside is that the toxin also blocks contraction of the muscles used in facial expressions such as smiling and thus tends to produce a smooth expressionless sphinx-like stare.
A large number of drugs and poisons work by interfering with the action of acetylcholine at its muscle receptor. The most famous is curare -the poison used by South American Indians to tip their arrows and the darts used in their blowpipes. Curare blocks binding of acetylcholine to its receptors in the muscle membrane and so prevent the nerve from stimulating the muscle fiber. Consequently an animal hit by a dart is completely paralyzed and falls out of the tree to the ground., where it is either slaughtered or dies from respiratory failure. Fortunately curare is poorly absorbed by the digestive system, so animals killed in this way are safe to eat. Curare can be extracted from many different S. American plants, but the best known is the climbing pareira vine Chondrodendron tomentosum. Another substance that inhibits the action of acetylcholinesterase is physostigmine, the active ingredient of the Calabar bean.
Why should chemical transmission be preferred over electrical? One answer is that both its slower speed and the intricacies of its mechanism are better suited where integration of a plethora of signals might be advantageous. Another is that it may simply reflect the way in which cell signalling has evolved. Many simple organisms that consists of single cells, such as bacteria, communicate with one another via chemical messengers, enabling them to act as a vast team with coordinated defensive and attack strategies. large-range chemical messengers known as hormones transmit information between cells in our bodies that lie some distance apart from one another. many different hormones circulate constantly throughout our bodies, influencing our mood, maintaining salt and water balance, stimulating cells to grow, readying our bodies to cope with stressful situation.
Why did the shark attack AT&T fiber-optic cable under the sea? It is presumed that the sharks were attracted by the surrounding electric field, as a shark can sense the tiny electric field caused by normal muscle activity in other organisms and so detect its prey even if it is well camouflaged. A human standing still and immersed in seawater up to their nect will produce an electric field of about 0.12 micro-volts per centimeter for about one meter around the body, which is easily large enough to be sensed by a shark.
The electrical signals produced by heart cells give rise to tiny fluctuations in the electrical potential at the surface of the body that can be picked up by surface electrodes attached to the skin. This is the basis of electrocardiogram (ECG). Nitroglycerin acts by releasing a natural gas called nitric oxide which stimulates the production of a chemical called cyclic GMP that causes blood vessels to relax. Viagra works in a similar way: by elevating cyclic GMP levels in the blood vessels of the penis it causes them to dilate, resulting in an erection.
Pleasure, pain, indeed the evolutionary success of any organism, ourselves included, depends on our ability to perceive the world around us; to see, hear, smell, taste and touch it. Our sense organs convert the myriad signals that constantly bombard us in multiple modalities into a single form that the brain can interpret - electrical energy encoded in our nerve impulses. And in all cases ion channels are needed to transduce sensory information into that electrical signal.
Humans have three cone photopigment whereas most mammals such as dog and cats, have only two cone photopigment and so see only a limited range of color:contrary to popular belief, bulls do not see red. Other creatures live in a world entirely without color. Mantis shrimp which enjoys ten or more different visual pigments and even tropical fish possess four or five types of cone.
We can discriminate five basic tastes - sweet, salt, sour, bitter and savory (umami). All the many different flavors we taste, however, are really smelt, for these senses work in combination. This explains why your sense is blocked. The ability to identify the correct flavors is also reduced if the food is the wrong color; raspberry juice doesn't taste quite right if it is colored orange or green. Try it, and see if you agree.
Humans have around 350 distinct types of olfactory receptor proteins, although each olfactory neuron carries only a single kind. But we can detect far more than 350 aromas; most people can distinguish many thousands of substances, often in tiny amounts. It is widely believed that humans have a poor sense of smell. One reason for our supposed poor sense of smell is that walk around with noses high in the air, while scenes are at their strongest close to the ground and quickly dissipated by air currently at higher levels. When you smell a rose, the scent is wafted up to your olfactory epithelium, where the many different chemicals that make up the smell bind to their receptors on different sets of olfactory neurons. These impulses pass along the olfactory nerve to a region of the brain known as the olfactory bulb where they hand their signals on to other nerve cells in deeper regions of the brain. One of the these is the limbic systems, which is involved in emotion, which explains why smells can trigger such powerful emotions and memories.
In 1912, Wilbur Scoville calibrated the strength of chillies. On the Scoville scale, the mild bell pepper notches up less than one heat unit, a jalapeno pepper has 2,500 to 5,000 units and famously incendiary Bhut Jolokia well over a million. Capsaicin receptor is the ion channel that sense the chilli effect. Binding of capsaicin opened the pore and stimulated electrical activity in the sensory nerve. The channel was also opened by noxious heat. So the reason chili peppers taste so hot is that they open the same ion channel as high temperature and because brain cannot tell the difference between the two stimuli it interprets them both as heat.
We are programmed to seek pleasure. Food, sex drink, exercise - all produce feelings of enjoyment that drive us to seek more. But our impulse to do is more than hedonism or sheer sensual delight; it is a way of ensuring that our species survives. Dopamine, one of the most crucial neurotransmitters in the brain, is intimately involved in desire and addiction. Pleasurable experiences such as sex, love, and food trigger the release of dopamine in the brain's reward center, which increases nerve cell electrical activity, reinforcing our sensation of pleasure and coercing us to have yet another chocolate or glass of wine - too much in some cases. many drugs of addiction act by increasing the concentration of dopamine in the nucleus accumbens, thereby producing feelings of euphoria.
Happiness and despair are the two faces of the neurotransmitter serotonin. Serotonin is produced by neurons of the raphe nucleus, whose process ramify throughout the brain. Elevated levels of serotonin are associated with feelings of optimism, contentment and serenity. Too little brings despair, depression, anxiety, apathy, and feelings of inadequacy. One way of increasing your serotonin levels by vigorous exercise, which is why brisk walk or a game of squash helps relieve the blues. Modern antidepressants such as Prozac also act by elevating serotonin concentrations.LSD is one of the most powerful hallucinogens known. It has extraordinary effects on auditory and visual perception, producing a sparkling world in which color, brightness and sounds are intensified, objects morph into strange shapes and wall may breathe.
It is impossible to tell, but what i do know is that understanding how the body uses electricity and how memories are laid down, stored and retrieved by the electrical circuits in our brain will be the key to future success in human life.
Electricity in the Human Body.
[Includes many new information on human body and how things works in human body - esp. poisons work].
Warning : Reader is strongly advised not to try any of the experiments described in the book on themselves or others or on animals. The author and publishers accept no responsibility for any resulting harm if the reader should fail to heed this advice.
There is a fundamental difference between the electricity that powers our bodies and that which lights our cities. The electricity supplied to our homes is carried by electrons. Electrons always flow from a region of negative to positive charge. which means that the current in a wire moves in the opposite direction to that in which the electrons flow. In contrast, almost all currents in the animal kingdom are carried by ions - electrically charged atoms. There are five main ions that carry currents in our bodies. Four are positively charged - sodium, potassium, calcium and hydrogen (protons) and one, chloride is negatively charged. Because they are electrically charged, the movement of ions creates an electric current. In the case of positively charged ions, the current flow is in the same direction as the flow of ions, whereas for negatively charged ions 9as the electrons) it is in the opposite direction.
[An atom can be an ion, but not all ions are atoms. When an atom's outermost orbital gains or loses electrons (also known as valence electrons), the atom forms an ion. Ions are atoms or molecules that have gained or lost one or more of their valence electrons and have a net positive or negative charge - copied from about.com]
Maintaining the ion gradients is expensive; it is extraordinary to think that about a third of the oxygen we breathe and half of the food we eat is used to maintain the ion concentration gradients across our cell membranes. The brain alone uses about 10 percent of the oxygen you breathe to drive the sodium pump and keep your nerve cell batteries charged.
An ion channel is no more than a tiny protein pore. It has a central hole through which the ions move, and one or more gates that can be opened and closed as required to regulate ion movements. When the gate is open, ions such as sodium and potassium swarm through the pore into or out of the cell, at a rate of over a million ions a second. Conversely. when gate is closed, ion flux is prevented. The very largest ion channels are simply giant holes, so big that many ions can go through at a time and both negatively charged ions (anions) and positively charged ions (cations) can permeate as well as quite large molecules. Such channels are not common as it may cause the cell to die. All those ion concentration gradients that the cell setup and protects so carefully would immediately be dissipated if such a channel were to open, causing the cell to die. Some bacterial toxins kill cells in exactly this way. Most channels are choosy about the ions they allow to pass through their pores (potassium channel only permits potassium ions).
The tetrodotoxin contained in the liver and other tissues of this fish is a potent blocker of the sodium channels found in your nerves and skeletal muscles. It causes numbness and tingling of the lips and mouth within as little as 30 minutes after ingestion; gradually paralysis skeletal muscles and ultimately the respiratory muscles are paralyzed which can be fatal. Fugu is considered great delicacy and unfortunately the first is expensive in more ways than one, as unless it is carefully prepared the flesh can be toxic and every year several people die. Properly prepared, the fish is supposed to cause a very mild intoxication and produce a stimulating, tingling sensation in the mouth. A wide variety of animals contain tetrodotoxin, from reef fish, crabs and starfish to marine flatworms, salamanders, frogs and toads.
Like tetrodotoxin, saxitoxin blocks sodium channels and saxitoxin can be found in some mussels, clams and crabs. Both tetrodotoxin and saxitoxin are molecular mimics and both are also valuable research tools because they block sodium channels rather specifically; leaving most other channels untouched. Saxitoxin was exploited by US agents engaged in covet gov. operations both as a suicide and an assassination agent. It has the advantage that is highly poisonous so that only tiny amounts (which can be easily concealed) are needed and it is faster and more effective than cyanide.
Aconite (aconitine) is colloquially called the Queen of Poisons and it comes from monkshood, a pretty plant with a tall spoke of blue helmet-shaped flowers often grown in gardens. Because the toxin is absorbed through the skin, even picking the plant without wearing gloves may cause symptoms.
Another potent sodium channel opener is batrachotoxin, which is secreted from glands on the backs of the vividly marked yellow and black ‘poison dart’ frogs of South and central America. Like aconitine, there is known antidote for batrachotoxin.
Equally fascinating is grayanotoxin, which also locks sodium channels open. It is produced by some species of rhododendron and becomes concentrated in the honey of bees that feed on the flowers’ nectar.
A vast number of toxins that target sodium channels - far more than interact with other types of ion channel. One Reason for this may be that sodium channels are specialized for fast conduction of nerve and muscle impulses. Block then and your prey will be swiftly paralysed and more easily caught.
Botox is the latest tool in the armory of the cosmetic surgeon and is used by film stars and ordinary people alike to smooth out the wrinkles etched on our face by age. But it is actually a virulent poison called botulinum toxin and in my youth it was far more famous for causing fatal food poisoning. Botulinum toxin is one of the most potent natural poisons known. An amount sufficient to cover the head of a pin is more than enough to kill an adult and is estimated as little as gram would kill a million people.Botulinum toxin acts by preventing muscle contraction. When ingested, it gradually relaxes the respiratory muscles until they stop functioning, causing paralysis and death from asphyxiation. In the last decade or two, however, it was realized that if a minute quantity of the toxin is injected under the skin, it will paralyze the muscles in a highly localized way. The virtue of botox is that it blinds so tightly to its target that it is only slowly washed away and the muscles remain relaxed for many months. But every six months of so, the procedure must be repeated. The downside is that the toxin also blocks contraction of the muscles used in facial expressions such as smiling and thus tends to produce a smooth expressionless sphinx-like stare.
A large number of drugs and poisons work by interfering with the action of acetylcholine at its muscle receptor. The most famous is curare -the poison used by South American Indians to tip their arrows and the darts used in their blowpipes. Curare blocks binding of acetylcholine to its receptors in the muscle membrane and so prevent the nerve from stimulating the muscle fiber. Consequently an animal hit by a dart is completely paralyzed and falls out of the tree to the ground., where it is either slaughtered or dies from respiratory failure. Fortunately curare is poorly absorbed by the digestive system, so animals killed in this way are safe to eat. Curare can be extracted from many different S. American plants, but the best known is the climbing pareira vine Chondrodendron tomentosum. Another substance that inhibits the action of acetylcholinesterase is physostigmine, the active ingredient of the Calabar bean.
Why should chemical transmission be preferred over electrical? One answer is that both its slower speed and the intricacies of its mechanism are better suited where integration of a plethora of signals might be advantageous. Another is that it may simply reflect the way in which cell signalling has evolved. Many simple organisms that consists of single cells, such as bacteria, communicate with one another via chemical messengers, enabling them to act as a vast team with coordinated defensive and attack strategies. large-range chemical messengers known as hormones transmit information between cells in our bodies that lie some distance apart from one another. many different hormones circulate constantly throughout our bodies, influencing our mood, maintaining salt and water balance, stimulating cells to grow, readying our bodies to cope with stressful situation.
Why did the shark attack AT&T fiber-optic cable under the sea? It is presumed that the sharks were attracted by the surrounding electric field, as a shark can sense the tiny electric field caused by normal muscle activity in other organisms and so detect its prey even if it is well camouflaged. A human standing still and immersed in seawater up to their nect will produce an electric field of about 0.12 micro-volts per centimeter for about one meter around the body, which is easily large enough to be sensed by a shark.
The electrical signals produced by heart cells give rise to tiny fluctuations in the electrical potential at the surface of the body that can be picked up by surface electrodes attached to the skin. This is the basis of electrocardiogram (ECG). Nitroglycerin acts by releasing a natural gas called nitric oxide which stimulates the production of a chemical called cyclic GMP that causes blood vessels to relax. Viagra works in a similar way: by elevating cyclic GMP levels in the blood vessels of the penis it causes them to dilate, resulting in an erection.
Pleasure, pain, indeed the evolutionary success of any organism, ourselves included, depends on our ability to perceive the world around us; to see, hear, smell, taste and touch it. Our sense organs convert the myriad signals that constantly bombard us in multiple modalities into a single form that the brain can interpret - electrical energy encoded in our nerve impulses. And in all cases ion channels are needed to transduce sensory information into that electrical signal.
Humans have three cone photopigment whereas most mammals such as dog and cats, have only two cone photopigment and so see only a limited range of color:contrary to popular belief, bulls do not see red. Other creatures live in a world entirely without color. Mantis shrimp which enjoys ten or more different visual pigments and even tropical fish possess four or five types of cone.
We can discriminate five basic tastes - sweet, salt, sour, bitter and savory (umami). All the many different flavors we taste, however, are really smelt, for these senses work in combination. This explains why your sense is blocked. The ability to identify the correct flavors is also reduced if the food is the wrong color; raspberry juice doesn't taste quite right if it is colored orange or green. Try it, and see if you agree.
Humans have around 350 distinct types of olfactory receptor proteins, although each olfactory neuron carries only a single kind. But we can detect far more than 350 aromas; most people can distinguish many thousands of substances, often in tiny amounts. It is widely believed that humans have a poor sense of smell. One reason for our supposed poor sense of smell is that walk around with noses high in the air, while scenes are at their strongest close to the ground and quickly dissipated by air currently at higher levels. When you smell a rose, the scent is wafted up to your olfactory epithelium, where the many different chemicals that make up the smell bind to their receptors on different sets of olfactory neurons. These impulses pass along the olfactory nerve to a region of the brain known as the olfactory bulb where they hand their signals on to other nerve cells in deeper regions of the brain. One of the these is the limbic systems, which is involved in emotion, which explains why smells can trigger such powerful emotions and memories.
In 1912, Wilbur Scoville calibrated the strength of chillies. On the Scoville scale, the mild bell pepper notches up less than one heat unit, a jalapeno pepper has 2,500 to 5,000 units and famously incendiary Bhut Jolokia well over a million. Capsaicin receptor is the ion channel that sense the chilli effect. Binding of capsaicin opened the pore and stimulated electrical activity in the sensory nerve. The channel was also opened by noxious heat. So the reason chili peppers taste so hot is that they open the same ion channel as high temperature and because brain cannot tell the difference between the two stimuli it interprets them both as heat.
We are programmed to seek pleasure. Food, sex drink, exercise - all produce feelings of enjoyment that drive us to seek more. But our impulse to do is more than hedonism or sheer sensual delight; it is a way of ensuring that our species survives. Dopamine, one of the most crucial neurotransmitters in the brain, is intimately involved in desire and addiction. Pleasurable experiences such as sex, love, and food trigger the release of dopamine in the brain's reward center, which increases nerve cell electrical activity, reinforcing our sensation of pleasure and coercing us to have yet another chocolate or glass of wine - too much in some cases. many drugs of addiction act by increasing the concentration of dopamine in the nucleus accumbens, thereby producing feelings of euphoria.
Happiness and despair are the two faces of the neurotransmitter serotonin. Serotonin is produced by neurons of the raphe nucleus, whose process ramify throughout the brain. Elevated levels of serotonin are associated with feelings of optimism, contentment and serenity. Too little brings despair, depression, anxiety, apathy, and feelings of inadequacy. One way of increasing your serotonin levels by vigorous exercise, which is why brisk walk or a game of squash helps relieve the blues. Modern antidepressants such as Prozac also act by elevating serotonin concentrations.LSD is one of the most powerful hallucinogens known. It has extraordinary effects on auditory and visual perception, producing a sparkling world in which color, brightness and sounds are intensified, objects morph into strange shapes and wall may breathe.
It is impossible to tell, but what i do know is that understanding how the body uses electricity and how memories are laid down, stored and retrieved by the electrical circuits in our brain will be the key to future success in human life.
September 23, 2012
What money can’t buy by Michael J Sandel
What money can’t buy by Michael J Sandel
The moral limits of markets
[More on ethical discussion and narrates markets where moral seldom exists]
Economists often assume that market are inert, that they don’t affect the goods they exchange. But that is untrue. Markets leave their mark. Sometimes, market values crowd out non market values worth caring about. When we decide certain goods may be bought and sold, we decide, at least implicitly that it is appropriate to treat them as commodities as instruments of profit and use. But not all goods are properly valued in this way. The most obvious example is human beings (Slavery, child trafficking).
As a result, without quite realizing it, without ever deciding to do so, we drifted from having market economy to being a market society. The difference is: A market economy is a tool for organizing productive activity and a market society is a way of life in which market values seep into every aspect of human endeavor. It’s the place where social relations are made over in the image of the market.
Now, we have short-cuts of every queue by paying more for the privileges. First class passengers do have fast track option, amusement parks, Empire state buildings et al, people can shorten queue time by paying surcharges.
If you ride the Paris Metro without paying $2 fare, you can be fined up to $60. Recently a group of habitual fare dodgers came up with a clever way of converting fine into fee and a modest one at that. They informed an insurance fund that will pay their fine, if they get caught. Each member pay in about $8.50 per month a month to the fund, far less than the $74 it costs to buy a legitimate monthly pass.
In the 1990, South African government began to consider using market incentives to protect endangered species. If private ranchers were allowed to sell hunters the right to shoot and kill a limited numbers of black rhinos, the ranchers would have an incentive to breed them, care for them and fend off poachers. The first legal hunt in decades commanded a handsome $150,000 paid by an American hunter in the financial industry. Subsequent customers included Russian petroleum billionaire who paid to kill three black rhinos. Landowners in S. Africa now have a monetary incentive to devote large ranchers to wildlife, the black rhino population has begun to rebound. (Black Rhinos are notoriously dangerous and difficult animals to kill and the chance to hunt one is highly prized among trophy hunters).
Today, rich trophy hunters from around the world make their way to Artic for the chance to shoot a walrus. They pay $6500 for the privilege. So why shoot walrus? Apparently the goal of killing one specimen of every creature on lists provided by hunting clubs - the African Big Five (leopard, lion, elephant, rhino, and Cap buffalo) or the Arctic Grand-Slam (caribou, musk, ox, polar bear, and walrus).
As per Paul Samuelson, he identified economics with its traditional subject matter:”the world of prices, wages, interest rates, stocks and bonds and credit, taxes and expenditure’. The task of economics was concrete and circumscribed: to explain depression, unemployment and inflation can be avoided, to the study the principles ‘that tell us how productivity can be kept high” and “how people’s standards of living can be improved”.
There are certain things money cannot buy - friendship, Sport’s MVP titles, Olympics medals, Nobel prizes, etc.
(theperfecttoast.com is one of the leading websites offering ghostwritten wedding speeches).
The viatical business - life insurance settlement - is another example there is a conflict of interest. Insurance company wants the person to live long & pay monthly fees as long as the insured person lives; however the one (person or bank or hedge fund) who bought viatical insurance wants to have the insured person to die fast. If the insurance industry has the right to lobby for its interest in prolonging life (through mandatory seat belt laws of antismoking policies), should n’t the viatical industry have the right to lobby for its interest in hastening death (through reduced federal funding for AIDS or cancer research?).
A closer analogy to viatical is death pools, a macabre gambling game that became popular on the internet in the 1990s about the same time the viatical industry took off. Death pools are the cyberspace equivalent of traditional office pools on who will in the Super-Bowl, except that instead of picking the winner of a football game, players compete to predict which celebrities will die in a given year.There are many such sites and one of the most popular is stiffs.com which help its first fame in 1993 and went online in 1996. For a $15 entry fee, contestants submit a list of celebrities they think are likely to die by year’s end. Whoever makes the most correct calls wins the jackpot of $3,000.
By the mid-2000s, the secondary market in life insurance had become big business. Hedge funds and financial institutions were spending billions buying the life insurance polices of wealthy seniors. As the demand for such policies increased, some brokers began paying elderly people who held no insurance to take out large polices on their lives and then flip the policies to speculators for resale. These policies were called speculator-initiated or spin-life policies. In Minnesota, an 84 old man bought $120 million worth of life insurance from seven different companies and then sold the policies to speculators at a handsome profit. The insurance companies cried foul, complaining that the purely speculative use of life insurance was at odds with its fundamental purpose of protecting families from financial ruin, and that spin-life policies would drive up the cost of life insurance for legitimate customers.
One unhappy spin-life client was TV talk show Larry king who had bought and immediately sold two polices on his life with a total face value of $15 million. King complained that he could not find out who now held a financial interest in his death. By 2009, most states had enacted laws banning spin-life or stranger-originated-life-insurance (STOLI) as it came to be called,. But they permitted brokers to continue trading in life insurance policies from ill or elderly people who had bought them on their own, unprompted by speculators.
Sometimes we decide to live with a morally corrosive market practice for the sake of the social good it provides.
The moral limits of markets
[More on ethical discussion and narrates markets where moral seldom exists]
Economists often assume that market are inert, that they don’t affect the goods they exchange. But that is untrue. Markets leave their mark. Sometimes, market values crowd out non market values worth caring about. When we decide certain goods may be bought and sold, we decide, at least implicitly that it is appropriate to treat them as commodities as instruments of profit and use. But not all goods are properly valued in this way. The most obvious example is human beings (Slavery, child trafficking).
As a result, without quite realizing it, without ever deciding to do so, we drifted from having market economy to being a market society. The difference is: A market economy is a tool for organizing productive activity and a market society is a way of life in which market values seep into every aspect of human endeavor. It’s the place where social relations are made over in the image of the market.
Now, we have short-cuts of every queue by paying more for the privileges. First class passengers do have fast track option, amusement parks, Empire state buildings et al, people can shorten queue time by paying surcharges.
If you ride the Paris Metro without paying $2 fare, you can be fined up to $60. Recently a group of habitual fare dodgers came up with a clever way of converting fine into fee and a modest one at that. They informed an insurance fund that will pay their fine, if they get caught. Each member pay in about $8.50 per month a month to the fund, far less than the $74 it costs to buy a legitimate monthly pass.
In the 1990, South African government began to consider using market incentives to protect endangered species. If private ranchers were allowed to sell hunters the right to shoot and kill a limited numbers of black rhinos, the ranchers would have an incentive to breed them, care for them and fend off poachers. The first legal hunt in decades commanded a handsome $150,000 paid by an American hunter in the financial industry. Subsequent customers included Russian petroleum billionaire who paid to kill three black rhinos. Landowners in S. Africa now have a monetary incentive to devote large ranchers to wildlife, the black rhino population has begun to rebound. (Black Rhinos are notoriously dangerous and difficult animals to kill and the chance to hunt one is highly prized among trophy hunters).
Today, rich trophy hunters from around the world make their way to Artic for the chance to shoot a walrus. They pay $6500 for the privilege. So why shoot walrus? Apparently the goal of killing one specimen of every creature on lists provided by hunting clubs - the African Big Five (leopard, lion, elephant, rhino, and Cap buffalo) or the Arctic Grand-Slam (caribou, musk, ox, polar bear, and walrus).
As per Paul Samuelson, he identified economics with its traditional subject matter:”the world of prices, wages, interest rates, stocks and bonds and credit, taxes and expenditure’. The task of economics was concrete and circumscribed: to explain depression, unemployment and inflation can be avoided, to the study the principles ‘that tell us how productivity can be kept high” and “how people’s standards of living can be improved”.
There are certain things money cannot buy - friendship, Sport’s MVP titles, Olympics medals, Nobel prizes, etc.
(theperfecttoast.com is one of the leading websites offering ghostwritten wedding speeches).
The viatical business - life insurance settlement - is another example there is a conflict of interest. Insurance company wants the person to live long & pay monthly fees as long as the insured person lives; however the one (person or bank or hedge fund) who bought viatical insurance wants to have the insured person to die fast. If the insurance industry has the right to lobby for its interest in prolonging life (through mandatory seat belt laws of antismoking policies), should n’t the viatical industry have the right to lobby for its interest in hastening death (through reduced federal funding for AIDS or cancer research?).
A closer analogy to viatical is death pools, a macabre gambling game that became popular on the internet in the 1990s about the same time the viatical industry took off. Death pools are the cyberspace equivalent of traditional office pools on who will in the Super-Bowl, except that instead of picking the winner of a football game, players compete to predict which celebrities will die in a given year.There are many such sites and one of the most popular is stiffs.com which help its first fame in 1993 and went online in 1996. For a $15 entry fee, contestants submit a list of celebrities they think are likely to die by year’s end. Whoever makes the most correct calls wins the jackpot of $3,000.
By the mid-2000s, the secondary market in life insurance had become big business. Hedge funds and financial institutions were spending billions buying the life insurance polices of wealthy seniors. As the demand for such policies increased, some brokers began paying elderly people who held no insurance to take out large polices on their lives and then flip the policies to speculators for resale. These policies were called speculator-initiated or spin-life policies. In Minnesota, an 84 old man bought $120 million worth of life insurance from seven different companies and then sold the policies to speculators at a handsome profit. The insurance companies cried foul, complaining that the purely speculative use of life insurance was at odds with its fundamental purpose of protecting families from financial ruin, and that spin-life policies would drive up the cost of life insurance for legitimate customers.
One unhappy spin-life client was TV talk show Larry king who had bought and immediately sold two polices on his life with a total face value of $15 million. King complained that he could not find out who now held a financial interest in his death. By 2009, most states had enacted laws banning spin-life or stranger-originated-life-insurance (STOLI) as it came to be called,. But they permitted brokers to continue trading in life insurance policies from ill or elderly people who had bought them on their own, unprompted by speculators.
Sometimes we decide to live with a morally corrosive market practice for the sake of the social good it provides.
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