Three new books on topics I have worked on

by on February 11, 2017 at 3:34 pm in Books, Economics, The Arts | Permalink

1 Moggio February 11, 2017 at 4:01 pm

About the third book, what is the real value added of Alan Peacock as a cultural economist?


2 dearieme February 11, 2017 at 4:31 pm

“What Economics Can Learn from the Humanities”: be quick about it, before they are completely displaced by Grievance Studies.


3 derek February 11, 2017 at 4:48 pm

Didn’t Marx have much to say about economics?


4 So Much For Subtlety February 11, 2017 at 5:56 pm

Too late. The best thing economics could learn from the Humanities is not to go that route.


5 Tom H February 11, 2017 at 4:52 pm
6 Ray Lopez February 11, 2017 at 7:58 pm

A. Lo book looks good. Lo –an Asian?– is famous for a bunch of provocative books like “A Non-Random Walk Down Wall Street”, aping Burton Malkiel. It turns out due to fat tails stocks are not random, momentum matters, even for more than a few minutes (I as surprised to learn this) and can last even for months if not years. But exploiting this for profit, like the fabled January Effect, is easier said than done.

I have Lo et al’s early 1990s textbook “The Econometrics of Financial Markets” and look at this Who’s Who of people acknowledged: “We owe many more debts-personal and intellectual-than we can possibly acknowledge. Throughout our professional careers our colleagues and mentors have offered us advice, debate, inspiration, and friendship; we wish to thank in particular Andy Abel, Ben Bernanke, Steve Cecchetti, John Cox, Angus Deaton, Gene Fama, Bruce Grundy, Jerry Hausman, Chi-fu Huang, Mervyn King, Nobu Kiyotaki, Pete Kyle, Greg Mankiw, Bob Merton, Whitney Newey, Bob Shiller, Jim Tobin, and Arnold Zellner.” Wow! No mention of our own TC or AlexT however, probably because they were not famous back then. Add to this list David F. Swensen, the Yale endowment fund manager who’s made big bucks for Yale (but only gets a million a year for his own salary, poor guy), and it seems the Yale-ies are doing alright in finance.

Bonus trivia: did you know the husband of J. Yellen, a certain G. Akerlof, won the 2001 Nobel Prize in economics along with Michael Spence and Joseph Stiglitz for their analyses of markets with asymmetric information? I did not know that.


7 anonymous reply to Ruy Lopez February 11, 2017 at 11:47 pm

“advice, debate, inspiration, and friendship” – sounds good! I thought I was the only person to read acknowledgements (and their lovable younger siblings ‘dedication pages’). My favorites are in one-off books by eccentrics — people who are not making a career with their book (I will not name names but quite often these are lesser known relatives of once-famous academic stars – McLuhan’s son, the wife AND the brother of that guy who wrote about ‘class’ and WWII – Paul Fusel – (books on Henry James and Catholicism, in the second case, and on the magnificent meals faculty wives prepared in the 50s in the first case) I always forget how many s’s and how many l’s in that name, it is worse than Masachusets…or beloved teachers writing their one huge book on their own most beloved poet … or some likable hanger-on in the art or movie world who knows that he or she is publishing the one book in their life that anyone will ever care about, and who worries that they have chosen some marginal artist that they are not sure anyone will want to read a whole book about – Carlo Crivelli, say, or Jacques Tourner (the most well-known books on each of those two are certainly books people care about, by the way…) … accounting (I am guessing) and law textbooks (I am sure – although the best law writers – for example, Chirelstein who spent a lifetime memorizing Hopkins, are not always at their best on the acknowledgement pages) often have heartbreakingly tender acknowledgements (to wives,long-dead teachers, best friends, AA mentors, and in one memorable case a former probation officer (or is that parole officer? if I had a criminology degree I wouldn’t always be confused about the difference). Theology books of course excel, and when there is a writer or philosopher who has gained the affection and respect of generations of scholars, amateur and professional, the acknowledgements page often reflects the love felt for the writer or philosopher about whom the book, in the midst of the small community of people who care to remember, was written. I have not read thousands but I have read hundreds. My favorite remembered one, though, quoting from memory, is to Filipa Queen of Her Species without whom this book would have been written in half the time (Wodehouse of course – to his stepdaughter, whom I never met, although we lived only a dozen miles apart for several years).


8 anonymous reply to Ruy Lopez February 12, 2017 at 12:06 am

Fussell, Massachussetts, Tourneur, Phillipa are the correct spellings. My favorite unremembered one is from Waugh I refuse to memorize anything by Waugh for obvious reasons.


9 anonymous reply to Ruy Lopez February 12, 2017 at 12:40 am

Or maybe not obvious reasons …. Isaiah 30:15 – “In returning and rest shall ye be saved; in quietness and confidence shall be your strength” … think of night lights, how comfortable they are, then think how much better it is not to care one way or another about night lights …. (hat tip to someone named Howard or Harold Peskett).


10 anonymous reply to Ruy Lopez February 12, 2017 at 12:59 am

more clearly malice in the defense of the heartbroken is still malice: it is not what God thinks of when He thinks of returning, it is not rest, it is not quietness, it is not confidence. Well I have not been fair to Waugh, I guess, who would when others would not, that is, when the defense of the heartbroken was at issue. I am sure nobody should care whether anyone memorizes Waugh’s lines: I was thinking of quietness and confidence, not of any person in particular.

11 anonymous February 12, 2017 at 1:10 am

Nobody is fair to anybody. If Nobody were Somebody that would be a good thing for Anybody. (From the Rosalindiade).

12 anonymous February 12, 2017 at 1:25 am

Ray as a bright chess player you got all that right? No need to answer this is just the internet.

13 Ray Lopez February 12, 2017 at 9:38 am

I think you are in love with me. Please expound on the homoerotic verse in the Bible between Jesus and one of his followers who ‘fled naked’ (you know the cite); this trope was not uncommon in the classical world when describing charismatic philosophers so some apologists think it’s just a insertion from a copyist who was spicing things up to show Jesus as a great philosopher.

Bonus trivia: many Roman era copyists were illiterate, and so they did not add punctuation of any kind, nor even spaces between words, but copied each word letter for letter and ran it together, likethesewordsare. It was called “scriptuo continua”. HT: Bart D. Ehrman, “Misquoting Jesus”. So, is “lastnightatdinnerisawabundanceatthetable” a routine phrase or the expression of a supernatural miracle? A bun dancing on a table?


14 anonymous again February 12, 2017 at 11:58 am

Your first sentence is not a correct guess, I know that. The answer I would think was right is that each of the first 4 comments deal with one of the words Isaiah quoted – returning (the longest one, dealing with the returning of favors), rest (just fixing a typo or two?), quietness (an attribute of night lights), and confidence (at 12:59AM). All done in order to strengthen the effect of the hopefully efficacious quote. Very few people would care one way or another (although the blog owner might not be happy with the length of the post on his domain, but Tyler and Alex are indulgent and seem fairly kind), maybe one person does care in a good way, making the effort potentially worthwhile. The verse in question is typical in that it shows someone with an attribute – that is the way people wrote those days – this person’s attribute was that he was brave enough to be close enough to Jesus to almost be captured. Later in iconography, the artists enjoyed painting these attributes – Veronica and her veil, Dismas and a little cross, Pilate and his little wash-bowl, the Magdalene and her jar of oil – the young man wearing ancient undergarments – just to stick with ones regarding the events of the Crucifixion. I don’t think the passage in Mark was an invention, it was probably just what people remembered about someone – as to eroticism, homosexual or not, there was none implied – this was not Brandy Chastain at the end of the World Cup, this was more like a football player with a helmet knocked off on the biggest play of his life . Plus most of the followers of Jesus would probably look like homeless people do now – not good-looking, and as hospital workers know, even worse looking when unclothed. It was a time of poverty and disease; the movies leave all that out.Strong’s concordance notes that gumnos means both naked and clothed only in undergarments; where an episode is only described once, with no elaboration elsewhere, it is impossible to tell which meaning applies. Ehrmann, who edited much Greek for the Loeb Library, would probably tell you the same thing. My guess is that every chapter of the Greek New Testament has one word that has binary meanings and there is no context for which meaning is correct and at least one pun, often multilingual, which we have no way of recovering because the corpus of the then-contemporary language is so small. Plus, as you said, many copyists were barely literate. Ehrmann, by the way, if you read his observations on the life of Jesus (I would skim his books at most, to tell the truth – he is a philologist, and not a man of wisdom or common sense) , should be read in tandem with Ratzinger , who is not a specialist in Greek lexicology but might as well be . Thanks for reading.


15 ExpertWitness February 11, 2017 at 10:22 pm

How does an ‘artful economist’ justify the $100 price of their book? I would hope it’s pirated but I take the ridiculous price as a strong negative signal as to the quality of the work.


16 Thanatos Savehn February 11, 2017 at 11:11 pm

Trigger warning: TC, do you ever wake up, drenched in a cold sweat, screaming, because you’ve had a nightmare; one in which the children of the West rediscovered their heritage? Sorry, didn’t mean to make you “uncomfortable”.


17 Some Guy February 12, 2017 at 3:35 am

Modern Books Titles: They Always Have a Colon


18 dearieme February 12, 2017 at 7:46 am

Not: Always?


19 uair01 February 12, 2017 at 2:24 pm

While looking at the titles this new one came up: “The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History” – it seems to be about Libor.


20 Ivania February 13, 2017 at 2:37 am

The above list of books I like and interested to read “What Economics Can Learn From the Humanities”. The title only gives a lot of expectations about humanities.


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