US Economists Paul Milgrom, Robert Wilson Win 2020 Nobel Economics Prize

The duo won for the award for improvements to auction theory and inventions of new auction formats

Stockholm: US economists Paul Milgrom and Robert Wilson won the 2020 Nobel Economics Prize for improvements to auction theory and inventions of new auction formats, the Royal Swedish Academy of Sciences said on Monday.

“The new auction formats are a beautiful example of how basic research can subsequently generate inventions that benefit society,” the academy said in a statement.

“Auctions are everywhere and affect our everyday lives. This year’s Economic Sciences Laureates, Paul Milgrom and Robert Wilson, have improved auction theory and invented new auction formats, benefiting sellers, buyers and taxpayers around the world,” the Nobel Prize’s official website tweeted.

New auction formats have been used for radio spectra, fishing quotas, aircraft landing slots and emissions allowances.

The economics prize, won by such luminaries as Paul Krugman and Milton Friedman in the past, was the final of the six awards in 2020, a year in which the Nobels have been overshadowed by the COVID-19 pandemic.

The traditional gala winners’ dinner in December has been cancelled and other parts of the celebrations are being held digitally to avoid the risk of spreading the infection.

The 10-million-Swedish-crown ($1.14 million) economics prize is not one of the original five awards created in the 1895 will of industrialist and dynamite inventor Alfred Nobel, but was established by Sweden’s central bank and first awarded in 1969.

The Norwegian Nobel Committee plans to go ahead with an award ceremony, albeit in a reduced format due to the coronavirus pandemic, in Oslo on Dec. 10, the anniversary of the death of Alfred Nobel.

The Meaning of Despair in Louise Glück’s Poetry

In a time when the world is reeling from the toxicity and noise of aggressive populism, Glück’s earnest and critical voice that urges us to abandon war and listen to ourselves and others is urgent and timely.

Speaking on behalf of the Nobel Committee that awarded the 2020 Nobel Prize for Literature to the 1943-born, American poet Louise Glück, the chairman, Andrew Olsson, drew attention to the poet’s work echoing what she described in one of her essays, as “the art of inward listening” in Keats. It adds something more to the purely abstract idea of Rilke’s “in-seeing”.  In contrast to seeing, listening is sensuous. It involves reaching out to something beyond oneself. In the poem, “Field Flowers”, written in the voice of flowers, Glück’s asks, “Is it enough / only to look inward?” No – someone is talking to you. Prick your ears and listen.

“In her poems,” Olsson said, “the self listens for what is left of its dreams and delusions.” To get nearer to understanding this claim, let us read lines from the poem that found special mention in Olsson’s citation, “Snowdrops” (from her Pulitzer-winning collection, The Wild Iris, 1992). Glück writes,

“Do you know what I was, how I lived?  You know
what despair is; then
winter should have meaning for you.”

Winter is associated with a state of physical hardship and, often, emotional suspension. To remember Rilke again, the German poet compared the desolate state of parting with “wintering” in one of the poems from The Sonnets to Orpheus, (“For among those winters there is one so endlessly winter / that only by wintering through it will your heart survive”).

There is nothing warm about pain. Pain is a cold breathing of the heart. Glück’s poem takes a turn:

“I did not expect to survive,
earth suppressing me. I didn’t expect
to waken again, to feel
in damp earth my body
able to respond again, remembering
after so long how to open again
in the cold light
of earliest spring–…”

The frozen snow of being is slowly opening into the flower of spring, from despair to promise. The key word here is perhaps “respond”. Despair sucks us into a vortex of the self. Life is a photosynthetic movement, where the soul and the body respond to light. This awareness itself makes us feel we have survived the darkness.

Winter, in the West, is also about wars. In “Parable of the Hostages”, on the Trojan War, Glück writes:

“what if war
is just a male version of dressing up,
a game devised to avoid
profound spiritual questions?”

We may ask: What are the spiritual questions ignored by war? I would think that one of the profoundest spiritual questions that war ignores is precisely what wars are about: death. The idea of war is to distort the meaning of death, by severing it from the idea of life. War is a way by which men avoid questions of life. War is the failure to listen to oneself and others. Listening is not merely something that connects us to a daily account of life, but to a deeper act of responsibility.

Books of American poet Louise Gluck during the announcement of 2020 Nobel Prize in literature at Borshuset in Stockholm, October 8, 2020. Gluck won the prize. Photo: TT News Agency/Henrik Montgomery/via Reuters

With gentle sarcasm, Glück writes earlier in the poem,

“these
are men of action, ready to leave
insight to the women and children”

War is blind, and hence, the end of insight. Men in war leave the burden of insight to women and children. What is this burden of insight? Going further backwards in the poem, we read:

“war is a plausible
excuse for absence, whereas
exploring one’s capacity for diversion
is not”

War, then, is a mode of diversion from the urgent question of presence. War reduces presence to absence. Wars are waged by men who want to disappear from the meaningful activity of life. War has no responsibility towards life, and it abandons that responsibility even before it begins. War, in Glück’s poetic judgement, is the despair of history, the history of despair.

Also read: An Irish Poet Sends the Fragrance of Invisible Flowers to Varavara Rao

There is no escape from despair in love, even. In a series of poems titled “Matins”, from The Wild Iris (described as “a cross between the Book of Job and the Davidic Psalms” by David Biespiel), Glück explores the tangible idea of love as something conditioned by what it doesn’t receive:

“Forgive me if I say I love you…
I cannot love
what I can’t conceive, and you disclose
virtually nothing: are you like the hawthorn tree,
always the same thing in the same place,
or are you more the foxglove, inconsistent”

For Glück, love involves the constancy of mutual revelation. Glück offers metaphors to suggest that (human) nature trick us with a false sense of both consistency and changeability. Love is conceived in response to a steadiness of expression. Love that pretends to be too natural, gives the impression of being too unreal to exist.

In another version of “Matins”, the poet writes her strained relationship,

“But the absence
of all feeling, of the least
concern for me–I might as well go on
addressing the birches”

Glück’s use of nature and natural metaphors displays what I would call, ironic romanticism, where feelings are evaluated through responses that are closer to the efforts of human expression rather than in the indifference of the purely natural being.

In a time when the world is reeling from the toxicity and noise of aggressive populism, Glück’s earnest and critical voice that urges us to abandon war and listen to ourselves and others is urgent and timely.

The Academy compared Glück to Emily Dickinson. It deserves a moment of attention. One hears echoes of Glück in “I cannot live with You”, where Dickinson writes,

“And were You – saved –
And I – condemned to be
Where You were not –
That self – were Hell to Me –”
Through aching pauses, the poet reaches the lonely place of parting where she meets: “Despair”.

The Swedish Academy has chosen this year, a poet who comes from an ancestry of Hungarian Jews who emigrated to America. It is possible to locate a certain Judeo-Christian ethic of hearing in Glück’s poetic sensibility. Equally close would be her alert ear on war and human desolation. The despair that pursues Glück’s poetry is both historical and a failure of history and culture to address the real question: what are we looking for. If we are looking for love, we must listen, and listen more quietly than before.

Manash Firaq Bhattacharjee is the author of Looking for the Nation: Towards Another Idea of India, published by Speaking Tiger Books (August 2018). 

American Poet, Essayist Louise Glück Wins 2020 Nobel Prize for Literature

Glück is a Pulitzer Prize winning poet who is also a professor of English Literature at Yale University.

New Delhi: The Nobel Prize in literature was awarded to US poet Louise Glück in Stockholm on Thursday. Glück is a Pulitzer Prize winning poet who is also a professor of English Literature at Yale University.

“Glück made her debut in 1968 with ‘Firstborn’ and was soon acclaimed as one of the most prominent poets in American contemporary literature. She has published twelve collections of poetry and some volumes of essays on poetry,” the committee has said. Her works are “are characterised by a striving for clarity. Childhood and family life, the close relationship with parents and siblings, is a thematic that has remained central with her”.

In addition to her poetry collections, Glück is also a renowned essay writer and literary critic. Her first published work appeared in 1968.

Glück lives in Cambridge, Massachusetts.

The prize has been awarded almost every year since 1901 and is seen as one of the most reputable literary awards in the world.

Like much of public life around the world, this year’s awards have taken place under the shadow of the coronavirus pandemic, which led to the cancellation of the splashy Nobel prize-giving ceremony held each December in Stockholm.

Instead, a televised event will be held with winners receiving their honours in their home countries.

Tumult and controversy

This year’s prize comes after years of tumult and controversy. The 2018 the award was postponed after sex abuse allegations rocked the Swedish Academy, the secretive body that chooses the winners, and sparked a mass exodus of members.

After the academy revamped itself in a bid to regain the trust of the Nobel Foundation, two laureates were named last year, with the 2018 prize going to Poland’s Olga Tokarczuk and the 2019 award to Austria’s Peter Handke.

Handke’s prize caused a storm of protest: a strong supporter of the Serbs during the 1990s Balkan wars, he has been called an apologist for Serbian war crimes. Several countries including Albania, Bosnia and Turkey boycotted the Nobel awards ceremony in protest, and a member of the committee that nominates candidates for the literature prize resigned.

The prize comes with a gold medal and a 10 million krona (more than $1.1 million) prize.

Earlier in the week, the awards for medicinephysics and chemistry were already handed out. Friday sees the announcement of the prestigious Nobel Peace Prize, while the prize for economics will be awarded next week.

(With inputs from Reuters and DW)

The Medicine Nobel for Hep C Should Force Us to Think About Patents, Patients, Profits

The intertwined stories of HCV infections and sofosbuvir illustrate the big difference between innovating a drug to treat patients living with a disease and making sure all patients around the world have equal and affordable access to the drug.

Bengaluru: On October 5, the Nobel Prize for medicine was awarded to three molecular biologists who discovered the Hepatitis C virus (HCV) in the late 1980s, and subsequently paved the way to reduce the risk of contracting it by helping develop other safeguards and treatments. Some 100-150 million people around the world currently suffer from Hepatitis C; the WHO website says that 71 million people have chronic HCV infections. According to the 2017 Global Burden of Disease study, India had 4.83 lakh new HCV cases in 2014.

Until recently, treating an HCV infection meant being injected with a combination of drugs – pegylated interferons (a further combination of three drugs) plus ribavirin – once a week for 24-48 weeks, depending on the severity. They also had debilitating side-effects, ranging from hair loss and diarrhoea to anaemia and depression, which often had to be treated with additional drugs. But in 2013, the US approved a drug called sofosbuvir to be sold in the market. It replaced the combination as a single drug to be taken once daily, through the oral route, for 12 weeks; it had a 90% efficacy and much more manageable side-effects.

A press release published by the Nobel Assembly, which awarded the prize on October 5, stated, “Thanks to the development of highly effective drugs against HCV, it is now possible, for the first time in human history, to foresee a future where the threat of this virus infection is substantially reduced and hopefully soon eliminated.”

This is a curious choice of words primarily because the the laureates whom the Assembly has credited – Harvey Alter, Michael Houghton and Charles Rice (as usual ignoring many others) – helped us understand the shape and features of the virus, and the mechanisms by which its infections can be defeated. However, it remains impossible to foresee a future where the threat of HCV infections is “eliminated”.

This is due in large part to the American pharmaceutical company Gilead Sciences, Inc. Sofosbuvir’s approval for commercial use marked a turning point in the history of HCV because it considerably simplified and shortened patients’ treatment regimen, marking the disease’s transition in society from ‘life-altering’ to ‘manageable’. However, Gilead’s patent on sofosbuvir means one pill – sold under the label ‘Sovaldi’ – costs nearly $1,000, and a three-month supply for a full treatment regimen, $84,000, in the US.

Also read: A Good Registry Means Accountable Clinical Trials. But Does India Have One?

In early 2014, these prices came under fire from American lawmakers and insurers; one of the latter called the $1,000-tag “outrageous”. John Castellani, then a chief executive of PhRMA, a pharmaceutical industry trade group, had told Reuters that “the problem is an insurance system that pushes too much of the cost of treatment onto the patient with high co-pays and deductibles for drugs”.

These figures also triggered shockwaves around the world, especially since, according to a study published in 2014, 85% of all people with HCV infectious live in low- and middle-income countries, and can’t afford this drug. Another study published in 2016 estimated the number of years a minimum-wage worker would have to work to be able to afford one 12-week course of sofosbuvir. The results were sobering: 4+ to 8+ years in Poland, 2+ to 5+ years in Turkey, 2 to 4 years in the US and 1 to 2 years in New Zealand, among other countries. (The lower bound assumes a 50% price rebate.)

The number years in India, however, was lower than 1 thanks to generic drugs – the result of Gilead having entered into voluntary licensing agreements with nearly a dozen local manufacturers for 7% royalty on each sale. However, the company’s terms stipulated that the Indian drug-makers could only sell generic versions of sofosbuvir to some markets outside India, not all, as a result still excluding some 70 million people. Gilead had struck similar deals with other companies around the world, allowing potential customers in 50 countries to avail lower cost versions of sofosbuvir. However, Médecins Sans Frontières reported in 2015 that the deals still left out 50 middle-income countries.

But this wasn’t the end of the story. China and Ukraine simply rejected Gilead’s patent. Egypt rejected the primary patent application while a local manufacturer was allowed to produce a generic version and apply for pre-qualification with the WHO. Civil society groups and trade-representative organisations also appealed the patent in Argentina, Brazil, France, Russia and Thailand. In India, however, the story that played out was less straightforward.

In January 2015, a patent court rejected Gilead’s patent – like China and Ukraine had. However, in May 2016, shortly before Prime Minister Narendra Modi was to visit the US, the same court reversed its earlier decision and acknowledged the patent. The U-turn was widely believed to be the result of the American government applying pressure on India to hold up Gilead’s fortunes.

Gilead Sciences Inc pharmaceutical company is seen after they announced a Phase 3 Trial of the investigational antiviral drug Remdesivir in patients with severe coronavirus disease (COVID-19), during the outbreak of the coronavirus disease (COVID-19), in Oceanside, California, US, April 29, 2020. Photo: Reuters/Mike Blake

A network of persons living with HIV, called the Delhi Network of Positive People, and others subsequently challenged the patent in the Delhi high court. In 2018, BusinessLine reported that the same network had “filed two pre-grant oppositions at the Indian Patent Office in Mumbai challenging ‘additional’ patent claims” by Gilead “on its Hepatitis C medicines sofosbuvir and velpatasvir”. The final decision is awaited. The combination of sofosbuvir and velpatasvir matters because Gilead reported that together, the duo could effectively combat all six strains of HCV. The company had announced the combination in 2016, at $74,000 for a 12-week course.

Dr Samir Malhotra, of the Post-Graduate Institution of Medical Education and Research, Chandigarh, wrote for The Wire Science in August this year that Gilead hadn’t in fact invented sofosbuvir. That distinction belonged to a far smaller company called Pharmasset, which did so in 2007. (As the story goes, sofosbuvir is named for its inventor, Michael Sofia. He and his team at Pharmasset had the idea for such a drug based on a set of biochemical reactions that were becoming more popular to destroy HIV. One such drug candidate that Pharmasset had developed had shown some activity against HCV as well, and Sofia and his colleagues worked on it for three years, eventually creating sofosbuvir.)

Gilead subsequently bought out Pharmasset for a princely sum of $11.2 billion (Rs 82,126 crore) – an investment it recouped almost entirely in sofosbuvir’s first year in the American market, when sales amounted to $10.3 billion. However, sofosbuvir targets the NS5B protein, and Pharmasset’s research on understanding this protein had been enabled by substantial funding from the American government – i.e. taxpayer money. And Gilead’s $1,000 price tag kept the drug out of reach of most taxpayers who needed it.

Watch: Katherine Eban Interview: How Drug Makers Are Compromising the Lives of People

Swaraj Paul Barooah, an expert on intellectual property and co-managing editor of Spicy IP, wrote in June this year, “When investment is tied to profits, it is clear that even the focus of research will be on profitable markets rather than addressing health concerns.” He cited the example of companies pouring more money into studying male pattern baldness than malaria simply because “the average balding old man in the US or the EU could pay much more than the malaria patient in a developing country.”

Barooah added that this trend is changing for two reasons: “the slowly increasing market power of emerging markets, and the changing disease burden of the world. As per the WHO, rapid unplanned urbanisation, globalisation of unhealthy lifestyles and population ageing are leading to populations in the developing world now facing a heavier burden from non-communicable diseases (NCDs), such as cancers, heart diseases, chronic respiratory diseases, etc. – which were earlier more limited to the developed world.”

As it happens, most of these drivers – especially urbanisation, globalisation and consumerism – together with climate change, deforestation and ecosystem collapse are also increasing the chances of zoonoses, i.e. infectious diseases that have ‘jumped’ from other vertebrate species to humans. Scientists have already sounded alarms that if climate change and environmental destruction continue unchecked, there will be more pandemics in future, much like the ongoing one of COVID-19. (On October 4, the WHO said that already 10% of Earth’s humans could have been infected by COVID-19.)

Also read: The Debate Around Drug Regulation Should Prioritise Price and Quality Equally

As such, Barooah’s argument may not need to be limited to non-communicable diseases; there is a good chance that COVID-19 is the first of many communicable diseases born (indirectly) out of human activity and which afflicts the ‘developed’ and the ‘developing’ worlds equally. In fact, in the first few months of this pandemic, COVID-19 was a disease of the economic upper classes – especially those who could afford international air travel. But at the same time, it may be too soon, or even naïve, to think that ongoing efforts to develop a vaccine against COVID-19 will morph into long-term programmes targeting malaria, HCV, tuberculosis, etc.

As such, the intertwined stories of HCV infections and sofosbuvir illustrate the big difference between innovating a drug to treat patients living with a disease and making sure all patients around the world have equal and affordable access to the drug. As such, the unabashed profiteering over sofosbuvir, which has prolonged the debilitation of many patients who can’t afford it, only diminishes the work of the dozens of scientists who spent many years trying to identify and then beat back HCV.

This article is an extended version that the author first published as a Twitter thread on October 5, 2020.