That is the new and excellent book by Sebastian Strangio, which you can think of as a post-Sihanouk look at the country from a political economy point of view.  Here are just a few bits:

The cruelty and callousness that allowed jilted wives to order and commit such brutal attacks on young women also had its echo in history.  As the historian Michael Vickery has written, patterns of sudden and extreme violence had deep roots in Cambodia, especially against those groups and individuals defined in some way as enemies.  Through cruel violence found its fullest expressions under Pol Pot, it long predated Democratic Kampuchea, stemming from cultural notions of face, honor, and revenge, in which personal grudges (kum) could elicit a disproportionate and overwhelming response.

And:

Hun Sen’s rise over the past two decades has been accompanied by the rise of what might be called HunSenomics — a blend of old-style patronage, elite charity, and predatory market economics.  Since the transition to the free market in 1989, Hunsenomics has succeeded in forging a stable pact among Cambodia’s ruling elites, but has otherwise done little to systematically tackle the challenges of poverty and development.

And:

Because Hunsenomics provides few incentives for sustainable agricultural development, Cambodia’s land and water resources remain drastically underutilized.  Just a third of Cambodia’s total land area is currently under cultivation — a much lower proportion than in neighboring countries.  Only 18 percent of this  land was irrigated as of 2005, compared to 33 percent in Thailand and 44 percent in Vietnam, and due to lack of maintenance only a fifth of irrigation systems were fully functional.  As a result, rice yields per hectare lag far behind the likes of Vietnam and Thailand.

Definitely recommended, and as Dan Klein and I used to say to each other “You so much learn the whole book.”

 

Saturday assorted links

by on August 1, 2015 at 12:39 pm in Uncategorized | Permalink

1. Princeton math oral exams.  This link is for only a few of you.

2. Personal injury lawyer birthday party for two-year olds.  This link is for a somewhat greater number of you.

3. Peter Brook returns to the Mahabarata.  See the remark at #1.

4. “…more than half of the participants who receive their check straight away instead of waiting two weeks for a reasonably larger amount, subsequently take more than two weeks to cash it…”  This link is for all of you.

5. Americans are a disproportionately large share of trophy hunters.

Belgrade bleg

by on August 1, 2015 at 7:54 am in Uncategorized | Permalink

What to do?  What to see and where to eat?  How to think about the place?  Thanks in advance for your assistance…and is Novi Sad worth a day trip?

Prior to 1800 or so there were no large differences in per-capita GDP between nations, differences were perhaps on the order of 2-3 at most. As modern economic growth took hold in some nations and not in others, between-country inequality increased dramatically with differences in per-capita GDP between nations of up to a factor of 100. As more and more nations enter a modern economic growth phase–which now includes a very rapid catch-up phase–between-country inequality has started to decline. In the future we may return to much smaller differences in per-capita GDP between countries.

As MacAskill points out in Doing Good Better (review here see also here) this means that we live today in an unusual time when charity is very cheap. Today, for example, it’s possible to save a life for as little as $4000. As other nations become rich that will no longer be true. More generally, the average person in a developed country can do a lot of good today by giving up relatively little. As MacAskill writes:

Imagine a happy hour where you could either buy yourself a beer for five dollars or buy someone else a beer for five cents. If that were the case, we’d probably be pretty generous–next round’s on me! But that’s effectively the situation we’re in all the time. It’s like a 99-percent-off sale, or getting 10,000 percent extra free. It might be the most amazing deal you’ll see in you life.

From the comments

by on August 1, 2015 at 4:09 am in Economics | Permalink

Tyler,

Isn’t it funny how so many people hold these two opinions in their heads at the same time:

1) Wall Street is just focused on the next quarter and they push corporations to have short term motives.

2) There was a stock market bubble 15 years ago built around bidding up prices to unprecedented levels for an entire basket of firms which had never been profitable and had no near-term plans for being profitable.

That is from Kevin Erdmann, Kevin’s blog is here.

Tsuyoshi Shimmura, Shosei Ohashi, and Takashi Yoshimura have a new paper:

The “cock-a-doodle-doo” crowing of roosters, which symbolizes the break of dawn in many cultures, is controlled by the circadian clock. When one rooster announces the break of dawn, others in the vicinity immediately follow. Chickens are highly social animals, and they develop a linear and fixed hierarchy in small groups. We found that when chickens were housed in small groups, the top-ranking rooster determined the timing of predawn crowing. Specifically, the top-ranking rooster always started to crow first, followed by its subordinates, in descending order of social rank. When the top-ranking rooster was physically removed from a group, the second-ranking rooster initiated crowing. The presence of a dominant rooster significantly reduced the number of predawn crows in subordinates. However, the number of crows induced by external stimuli was independent of social rank, confirming that subordinates have the ability to crow. Although the timing of subordinates’ predawn crowing was strongly dependent on that of the top-ranking rooster, free-running periods of body temperature rhythms differed among individuals, and crowing rhythm did not entrain to a crowing sound stimulus. These results indicate that in a group situation, the top-ranking rooster has priority to announce the break of dawn, and that subordinate roosters are patient enough to wait for the top-ranking rooster’s first crow every morning and thus compromise their circadian clock for social reasons.

In case you had any doubts.  The pointer is from Michelle Dawson.

The subtitle is Essential Writings by Our Greatest Thinkers, and the editor is Elizabeth D. Samet.  Here’s the shocking truth: these really are writings by our greatest thinkers!  Usually I am allergic to the topic of leadership and all the more allergic to edited volumes.  But this book has well chosen excerpts from Thucydides, Cervantes, Borges, Marcus Aurelius, Tolstoy, Milton, Plutarch, and Shakespeare, among many others, and a variety of moderns, including Mandela, Gandhi, Frederick Douglass, and Osip Mandelstam’s poem on Stalin.

This is actually a remarkable book.

Friday assorted links

by on July 31, 2015 at 11:33 am in Uncategorized | Permalink

1. Mark Turner part one, and part two.

2. Musical preferences are linked to cognitive styles (speculative).

3. Don’t take a selfie with a bison.

4. The leading horses are those with the most friends.

5. Noah Smith praises Berkeley.

6. Claims about ants.

7. The boom in mini-organs.

Arthur C. Brooks, The Conservative Heart: How to Build a Fairer, Happier, and More Prosperous America.

Greg Mankiw has reviewed the book.

Do pandas respond to incentives?

by on July 31, 2015 at 2:44 am in Economics | Permalink

Smarter than the average bear: Panda tricked zookeepers into giving her an air-conditioned room, round-the-clock care and extra bamboo by pretending she was pregnant

Here is the full story, with videos, consider this speculative.  For the pointer I thank the excellent Mark Thorson, a loyal MR reader.

Mirko

1. Novelist: Help!  I do own a copy of Sarah Nović’s Girl at War, but haven’t yet read it.

2. Basketball player: Toni Kukoc, the “Croatian sensation.”

3. Painting: There was an active school of Naive painting in Croatia, from Hlebine near the Hungarian border.  Perhaps my favorite from the group was Ivan Generalic, but Mirko Virius was very good too.

4. Inventor: Nikola Tesla.  Before you go crazy in the comments section, however, here is a long Wikipedia page on to what extent we can justly claim that Tesla was Croatian.  Here are further debates, Croat or Serb?  Or both?

5. Pianist: How about Ivo Pogorelić?  Here is his Petrushka.

6. Economist: Branko Horvat, the market-oriented market socialist, is the only one I can think of, here is an overview of his contributions (pdf).  Am I forgetting someone?

7. City: Split, not Dubrovnik.  I am here for two days right now, then on to Belgrade for a conference/salon.

I cannot name a Croatian movie or composer or pop star.  I have the feeling they have many more famous athletes.  Don’t they have a lot of beautiful models?  Aren’t they the world’s most beautiful people?  Has anyone set a movie here?

The bottom line: It would be worse without Tesla.

The University of New Hampshire’s Bias-Free Language Guide came in for widespread criticism earlier this week for possibly chilling speech by labeling words such as “American,” “illegal alien,” “foreigners,” “mothering,” and “fathering” as problematic and non-preferred.

Commendations are due, however, to university president Mark Huddleston. The UNH reports:

The associate vice president for community, equity and diversity removed the webpage this morning after a meeting with President Huddleston. The president fully supports efforts to encourage inclusivity and diversity on our campuses. He does not believe the guide was in any way helpful in achieving those goals. Speech guides or codes have no place at any American university.

From Free Exchange at The Economist:

In the first [paper] Isaac Sorkin of the University of Michigan argues that firms may well substitute machines for people in response to minimum wages, but slowly. Mr Sorkin offers the example of sock-makers in the 1930s, which took years to switch to less labour-intensive machines after the federal minimum wage was brought in. He also explains how this finding squares with other research. Most studies look at past minimum wage increases that were not inflation-proofed. Firms may decide not to go through the hassle of investing in labour-saving machines if the minimum wage will affect them less over time. But they could respond differently to a more permanent increase.

Mr Sorkin crunches the numbers, using a model of the American restaurant industry in which companies choose between employees and machines. He investigates the effect of a permanent (ie, inflation-linked) increase in the minimum wage and shows that the tiny short-run effects on employment normally seen are fully consistent with a long-run response over 100 times larger. The lack of evidence for a big impact on employment in the short term does not rule out a much larger long-term effect.

In a second paper, written with Daniel Aaronson of the Federal Reserve Bank of Chicago and Eric French of University College London, Mr Sorkin goes further, offering empirical evidence that higher minimum wages nudge firms away from people and towards machines. The authors look at the type of restaurants that close down and start up after a minimum-wage rise. An increase in the minimum wage seems to push some restaurants out of business. The eateries that replace them are more likely to be chains, which are more reliant on machines (and therefore offer fewer jobs) than the independent outlets they replace. This effect has not been picked up before because the restaurants which continue to operate do not change their employment levels, so the jobs total does not shift much in the short run.

The piece offers further points of interest.

Thursday assorted links

by on July 30, 2015 at 12:56 pm in Uncategorized | Permalink

1. No tip, but an economics card instead (don’t try this on your next date).

2. “As many as 20 percent of Haverford’s economics majors — many of them baseball players — choose baseball or sports as the subject of their thesis.”

3. Someone likes a William Vollmann novel.  There are other rave reviews, but so far I can’t get through the first five pages.  Still, I admire what he is trying to do.

4. You people made a mistake when you stopped buying CDs.  Here is Alex Ross on the same.

5. Wage insurance? (ha)

6. Arab Gulf states vastly outspend Iran on military.  And paper and packaging are still a $132 billion a year industry.  The key medium for the new ads for paper is…the internet.

7. An even greater stagnation.

Inputs are imported too

by on July 30, 2015 at 9:56 am in Economics, Law | Permalink

Ted Diamantis, an importer of Greek wines who is based in Chicago, has been helping his suppliers stock up on bottles, labels and printing ink. The barrels, though, have him worried.

In two or three weeks, some of Greece’s winemaking regions will begin their annual grape harvest. The wineries Mr. Diamantis buys from age their wine in barrels from Italy and France, but Greece’s capital controls make it difficult for them to send money out of the country to pay for the barrels they need for this season. No barrels means no wine for Mr. Diamantis.

“Without the ability to access your capital, you can’t buy anything,” said Mr. Diamantis, who is in Greece meeting with his business partners. “The marketplace is frozen.”

That is from Stacy Cowley at the NYT.  Similar examples illustrate why Greece leaving the euro, even if a better idea for the longer term, would not have been such a picnic in the short run.  Exports would have collapsed, not boomed.