That is the topic of my latest Bloomberg column, here is one excerpt:
The real power here is held by government employees, especially those in critical jobs. Let’s say that more TSA screeners decided to walk off the job. It’s already the case that the TSA absentee rate has gone up to 7.6 percent, from 3.2 percent a year ago. It is possible to imagine screeners staying home in much greater numbers, thus crippling the entire nation. That could either force President Donald Trump’s hand or lead to a congressional override of a potential presidential veto.
As a rationale for showing up to work, “I’m helping both the TSA and my colleagues” can work for a while, because of both cooperative norms and peer pressure. But I don’t think it can hold things together for more than a few months. They may not have the right to strike, but federal employees can still gum up the works with high absenteeism and poor performance.
I really don’t expect anything good to come of this entire episode.
Deathbed aphorisms and declarations of love for one’s country are exceptions or inventions. According to one doctor, the last words of the dying are often strings of curses; a hospice nurse says that most dying men call for ‘Mommy’ or ‘Mama’, if they can call at all. “At the end of life, the majority of interactions will be non-verbal as the body shuts down and the person lacks the physical strength for long utterances. People will whisper, and they’ll be brief, single words — that’s all they have energy for.”
Dozens of air traffic controllers are keeping Austin-Bergstrom International Airport functioning smoothly through the longest government shutdown in US history — and all without a paycheck.
Friday was the first payday since the shutdown began and while hundreds of thousands of federal workers can expect to be paid for the work they put in during the shutdown, they are not receiving paychecks until it ends. Tuesday marks Day 25 of the shutdown.
Austin pilots want to do what they can to help their aviation fellows who are affected by the shutdown.
“Those controllers have always had my back, during the normal flights and the rare times that I’ve had a slight abnormal flight that caused me concern,” Ken VeArd said, a longtime pilot.
VeArd recently posted on social media asking his fellow pilots to help him give back to ABIA’s controllers.
“I just made a post saying this is what I am thinking about doing and before I knew it, it just got out of control,” he said. “Whether you need diapers, milk or eggs, or even if all you need is a six pack of beer,” VeArd hopes it’s the small things that will make a difference.
He’s been buying $20 gift cards from H-E-B for the controllers.
“My biggest concern with this thing is that we try to do something nice for our air traffic control friends and it turns out to be a problem, we don’t want to make problems any worse than it is,” VeArd said. “So we capped it at $20.”
The Center for the History of Political Economy at Duke University will be hosting another Summer Institute on the History of Economics this summer from June 10-19, 2019. The program is designed for students in graduate programs in economics, though students in graduate school in other fields as well as newly minted PhDs will also be considered.
Students will be competitively selected and successful applicants will receive free housing and a booklet of readings. We are also able to provide limited travel support. The deadline for applying is March 1.
We are very excited about this year’s program, which will focus on giving participants the tools to set up and teach their own undergraduate course in the history of economic thought. There will also be sessions devoted to showing how concepts and ideas from the history of economics might be introduced into other classes. The sessions will be run by Duke faculty members Bruce Caldwell and Jason Brent, who will be joined by Steve Medema of the University of Colorado–Denver. More information on the Summer Institute is available at our website, http://hope.econ.duke.edu/
This was a really good one, here is the text and audio. The opening:
TYLER COWEN: I’m here today with the great Larissa MacFarquhar. She is a staff writer for the New Yorker, considered by many to write the very best and most interesting profiles of anyone in the business. She has a very well-known book called Strangers Drowning. The subtitle is Impossible Idealism, Drastic Choices, and the Urge to Help. It’s about extreme altruists. And she’s now working on a book on people’s decisions whether or not to leave their hometown.
Here is one excerpt proper:
COWEN: If you’re an extreme altruist, are you too subject to manipulation by others? If you care so much about so many other people, and those people actually can be harmed pretty easily at low cost, does this mean that you, the extreme altruist, you just go through life being manipulated?
MACFARQUHAR It’s funny you say that because one thing that I have noticed about the extreme altruist . . . You know what? I don’t want to call them extreme altruists. I think they’re people with a very strong sense of duty.
The people I met were very, very different from each other, but one thing they had in common is they really, really barely cared about what other people thought. They had to feel that way because almost everyone they met thought they were at best weirdos, and at worst dangerous megalomaniacs. So they were unconventional in their degree of duty but also in many other ways.
COWEN: They didn’t care at all what people thought about anything they did like how they dressed or . . . ?
MACFARQUHAR: Things like that. I don’t mean they didn’t care about anything about what people thought because obviously —
COWEN: In this context they didn’t care.
MACFARQUHAR: Obviously they cared about making other people’s lives better. But yes, in terms of opinions of themselves, they were much less sensitive to that than most of us.
COWEN: Your view on how much you should be lied to if you have dementia — is that the same as what you would propose for a sibling or a child, someone you loved and knew?
MACFARQUHAR: With dementia?
COWEN: Right. Would you be consistent and apply the same standard to them that you would want for yourself?
MACFARQUHAR: Ohhh, I don’t know.
COWEN: I would say don’t lie to me, but, in fact, for others, I would be more willing to lie to them than I would wish to be lied to myself.
Try this part too:
COWEN: If during a profile, when you describe people’s looks, are you worried that you are reinforcing stereotypes?
MACFARQUHAR: No. But I have —
COWEN: But isn’t there a thing, looksism?
MACFARQUHAR: Well, of course.
COWEN: There’s sexism, there’s racism, and looksism — people who look a certain way, you should make certain inferences. Is there any way we can describe people’s looks that doesn’t run that danger?
MACFARQUHAR: Probably not. But I’ll say two things about this.
First is, I think there is far too much emphasis on describing people’s looks. Because the thing about humans is that their faces are unique, so you can describe somebody, but you’re never going to be able to call up an exact picture in a reader’s mind about what the person looks like. So what you’re doing is not really describing what they look like — what you’re doing is evoking something which, I guess, the malign form of that is looksism.
But I’ve started avoiding describing what people look like, not because it results in looksism — though I’m sure that’s true — but because, unconsciously or not, it puts the reader in a position of being outside the person, looking at them.
And also, from me:
COWEN: Could the same person be both, say, a Rwandan killer in the 1990s and an extreme altruist? Or is that a contradiction?
- Latest: Eurozone industrial production shrank 1.7% in November
- Worst decline in almost three years.
- Introduction: China’s exports fell 4.4% in December
- Biggest fall in exports in two years as slowdown gathers pace
Here is the link, developing…
Ray Washburne, the Texan property developer who heads the US government’s development finance institution, has emerged as a contender in the race to be Donald Trump’s nominee for the presidency of the World Bank, according to people familiar with the matter. Mr Washburne became a candidate following his efforts to bolster the Overseas Private Investment Corporation since taking up the reins in September 2017, earning new funding from Congress that could help counter China’s sweeping investments — and influence — across many developing economies. Before taking on that role, Mr Washburne’s career spanned commercial property and restaurants in his hometown of Dallas, Texas. He was also a prominent Republican party donor, including helping raise money for former president George W Bush and former Republican presidential nominee Mitt Romney.
Yes, yes, I know she is only running the interviewing process, but that is how Dick Cheney ended up as vice President. Here is one excerpt from my Bloomberg column:
You might argue that Ivanka is not qualified to run the World Bank, and I might agree with you. (She would not be my personal pick; how about Carly Fiorina, Kristin J. Forbes or Arthur Brooks?) Yet consider that the previous president, Jim Yong Kim, was highly qualified on paper. He co-founded a famous foreign-aid public health group, has a Ph.D. in anthropology, was a professor at Harvard Medical School and the Harvard School of Public Health and then president of Dartmouth. As an Asian-American, he had the potential to be a powerful symbol of multicultural governance.
Yet by most accounts his tenure at the bank was a failure. He alienated much of the staff, and his organizational changes (after first creating chaos and bad morale) were largely reversed.
Now he is leaving suddenly, years before his term is up, allowing Trump to appoint his replacement. Not only that, Kim is moving to a for-profit infrastructure firm, hardly the best symbolism for the leader of an institution that is supposed to be about helping the global poor.
The sad reality is this: If Ivanka took over the reins of the bank, she probably would be an improvement.
And she might not even use the word “and” so much.
2. “A row has broken out between the mayor of Rome and the Roman Catholic Church over what should happen to coins retrieved from the Trevi fountain. Every year nearly €1.5m (£1.3m) is fished out of the famous landmark. It is traditionally given to a Catholic charity to help the destitute. But now Mayor Virginia Raggi wants the money spent on the city’s crumbling infrastructure instead.” Link here.
5. Friday, January 25 I speak in Ann Arbor at the University of Michigan, and January 31 at the University of Chicago.
Here is the Bloomberg link, here is a sentence from Noah on AOC:
Her proposal, which would make the tax structure similar to the one the U.S. had in 1921, is pretty much symbolic — a way of expressing disapproval of inequality, while kicking off a lively discussion of income taxes and redistribution.
We do not all agree.
1. Jackie Chan, with Zhu Mo, Never Grow Up. “My ankle joint pops out of its socket all the time, even when I’m just walking around, and I’ll have to pop it back in. My leg sometimes gets dislocated when I’m showering. For that one, I need my assistant to help me click it back in…I can’t lift heavy objects.” He needed brain surgery after filming Armour of God, and he sustained permanent hearing loss in his left ear. Recommended, if you like the movies. And: “That was how I pursued girls, I overwhelmed them.”
2. John L. Brooke, The Refiner’s Fire: the Making of Mormon Cosmology, 1644-1844. “…the rise of the Church of Jesus Christ of Latter-day Saints can only be understood if it is placed in the context of the hermetic tradition. The distinctive doctrines of the church — preexistent spirits, material spirit, human divinization, celestial marriage — are opaque unless we explore their relationship to the evolving fusion of hermetic perfectionism and radical sectarianism occupying the extreme edge of the Christian tradition from the late Middle Ages into the early modern age.”
3. Guy Arnold, Africa A Modern History: 1945-2015, second edition. It is hard to image that a 1077 pp. doorstop kind of a book on “Africa” might be very good, but in fact this one is. It is the best book on contemporary Africa and its (recent) historical roots that I know. I am reading this book all the way through.
4. Cass Sunstein, How Change Happens. How does social change happen, organized around Cass’s favorite topics, such as nudge and polarization and cascades. This book doesn’t cover everything, but it is one of the essential introductions to a topic that is very difficult to handle. And I am happy there is no subtitle.
Joshua S. Goldstein and Staffan A. Qvist, A Bright Future: How Some Countries Have Solved Climate Change and the Rest Can Follow, is a good and correct “green” take on the case for nuclear energy.
The Cato Institute has put out Michael D. Tanner, The Inclusive Economy: How to Bring Wealth to America’s Poor, and Randal O’Toole Romance of the Rails: Why the Passenger Trains We Love are Not the Transportation We Need.
China Daily reported Friday that unnatural deaths have taken the lives of 72 mainland billionaires over the past eight years. (Do the math.)Mortality rate notwithstanding, what’s more disturbing is how these mega wealthy souls met their demise. According to China Daily, 15 were murdered, 17 committed suicide, seven died from accidents and 19 died from illness. Oh, yes, and 14 were executed. (Welcome to China.)
I don’t know about you but I find it somewhat improbable that among such a small population there could be so many “suicides,” “accidents” and “death by disease” (the average age of those who died from illness was only 48).
Here is the Forbes story by Ray Kwong, I am not sure how confirmed to treat this as being.
From the comments:
Yes this movie dates from 1943 but I don’t think it is (mainly) about the Nazi persecutions, and every review I have seen on-line seems to misunderstand the film rather badly. First, it is a #MeToo film. Anne is abused and in essence raped (repeatedly) by her much older husband Absalon, who is a powerful figure in the local community. He saved her mother from being burnt as a witch, and in return took her body and matrimonial hand, never asking if she wanted this. She ends up wishing for his death “hundreds of times,” and the movie focuses on how this marital experience hollows out her inner shell. Her illicit romance with Martin, Absalon’s son, was never emotionally real and was mainly intended as an escape from her servitude and perhaps also as a bit of revenge.
The second theme of the movie, related to the first, concerns the equilibria of belief in witchcraft. If some of the citizens believe in witches, some of the otherwise powerless women will pretend to be witches, to win some power. Anne does this, as she knows that powerlessness is the worst thing in this society. (The older Herlofs Marthe also left some uncertainty about her powers to reach demons and the like.) Of course this strategy has potential downsides, especially when some women are burnt as witches, but ex ante it can make sense to parade as a witch with some probability. For Anne, powerlessness is perceived as so bad she is even willing to be a witch ex post. Of course she killed Absalon by poisoning his beer, not by placing a hex on him. Even when facing death, she can’t give up the one source of perceived power she might aspire to have.