Category: Books
*The Odyssey*, the movie (no real spoilers)
I can’t say I loved it. The Circe scene was excellent, Cyclops was good, and the battles in Troy were well done. But most of the roles were miscast. I like Matt Damon, but he is too “Good Will Hunting” to play Odysseus. The character did not cohere. (Compare to Ralph Fiennes in the superior The Return.) Zendaya’s role was superfluous. Worst of all was Calypso, who reminded me of the kind of chick you might meet at a Tupperware party in the Hamptons. At least half of the dialogue was lame and contrary to the spirit of the Mycenaean world. Some of the sea and boat footage was good. I strongly disliked the changes made to the ending.
There is enough energy, effort, and money put into the thing to make it eminently watchable on the big screen. And if this were a new director, you would think he had great promise. But relative to both the reviews and where most expectations were placed, this has to count as a disappointment.
A Phone is a Cow
Philip Auerswald’s A Phone is a Cow is three books in one, it’s a history of the mobile phone, it’s a business biography of Iqbal Quadir, who brought the cell phone to Bangladesh at at time when that seemed quixotic and doomed to fail, and it’s a theory of economic growth. It succeeds on all three levels.
…relatively few technologies have managed to reach the majority of the world’s people. Fire. Writing. The cookpot. The portable radio. These all succeeded. Yet most people in the world have never flown in an airplane. Most do not own a car or a bicycle. And, until recently, most still did not have access to a safe, sanitary toilet in their home. The list goes on.
The mobile phone reached the global majority more rapidly than any technology that had come before. How did this happen?
The title, by the way, comes from Quadir’s insight that just as Grameen Bank lent to villagers so they could purchase productive assets like a cow, Grameenphone could lend villagers the money to buy a phone—which then became a revenue-generating asset in its own right.
Addendum: Auerswald on Econ Talk with Russ Roberts.
My excellent Conversation with Chase Koch
Here is the audio, video, and transcript. Here is part of the episode summary:
Chase and Tyler discuss if any of his father’s lessons never stuck, the guilt-trip letter his grandfather wrote three months after Charles was born, why Chase started throwing tennis matches, what Rafa’s grit taught him about stoicism, who he admired most from the 1992 Dream Team, whether the Spurs should jettison De’Aaron Fox, the David Gilmour solo that hooked him at eleven, what drew him to jam bands, how he built a boom-box business out of his parents’ garage, why his father interviewed Snoop on a Zoom call during Covid, why his band is named for the second law of thermodynamics, what it’s like working with MrBeast, how Koch Industries has evolved, what he learned from Marc Andreessen, the philosophy behind hiring the “farm team,” why he is teaching himself to code with Claude at his fourteen-year-old’s urging, where he’s traveling next, and much more.
Excerpt:
COWEN: N.W.A., are they good? I like them.
KOCH: I had my phases. My first business, Tyler, was when I was 15 years old and one of my best friends to this day, Askia Ahmad, he was wiring up car stereos and building custom boom boxes and all that. We basically built a business out of my parents’ garage because they had all the tools and materials and everything. Like, “Let’s build a business out of here. My parents hopefully will pay for the machinery, and then we can sell these boom boxes to our friends at high prices and capture a big margin.” Through that, I learned about the whole gangster rap. Your listeners may be surprised, but it started with me, Public Enemy, N.W.A., Eazy-E, of course—
COWEN: It’s so good.
KOCH: Dre.
COWEN: Snoop.
KOCH: Snoop.
COWEN: You know Snoop, right?
KOCH: It’s so good, so good. Yes.
COWEN: What’s Snoop like?
KOCH: Snoop? Okay. This goes back to what I was mentioning on the power of music to unify people. So I’ve been with Stand Together. For the listeners that don’t know, it’ll give context to your question. Stand Together is an organization that has really a community of like-minded leaders that all believe in one thing, in the power of human potential, and that every human has a gift.
We all know that there’s so many barriers in society that are holding people back, whether it’s barriers in education, barriers in regulation, so you can’t start a business, barriers in our criminal justice system, you name it. What Stand Together does is we have basically a comprehensive strategy that addresses everything from education to policy to bottom-up empowerment in communities to drive real social change. I’ve been a part of this for as long as I can remember.
My father’s been working on social change for 60 years. My passion for music, as you can see from your last line of questioning, with Stand Together and that whole community, we never tapped into culture. When I say culture and what the next generation pays attention to—sports, music, YouTube, entertainment, creators, media. During COVID, I had this idea that we’ve never tapped into music to drive social change.
And on one specific point:
Back to your question on energy, 4 percent of the overall capital consumed at Koch is in refining, which is basically where my grandfather started the company. I think that surprises a lot of people because I think a lot of people are still stuck in this, “Well, you’re this energy company.” No, we’re not. We touch the majority of the economy now, and we’re in everything from forest products, consumer products, software, as I described, glass manufacturing, to energy and fertilizers as well.
Interesting throughout.
Those new service sector jobs
It’s 85 years since Brian O’Nolan, better known as Flann O’Brien and Myles na gCopaleen, proposed a Book Handling Agency in The Irish Times.
On Sunday evening, Flann’s idea became reality. In a Berlin bar’s back room, Cabinet Magazine, a literary quarterly, assembled a crack team of white-coated literary experts to make your unread books look well-read – at moderate prices.
For €5 you could get an “essential” handling package including a “professional” spine-break for your book, “two commonplace page markers, 2 scholastic dog-ears; 4 underlined passages; 1 arbitrary yet discerning piece of marginalia; and 1 contextually appropriate piece of marginalia”.
The premier package added “mauling the edges” of the book with a drill and sand paper, thanks to the “vice-chiefs of abrasion (light, heavy)” as well as “one stain using cheap wine, coffee etc”, hand-applied by a “fluid dynamics specialist”.
There is a learning dimension as well:
“We learned that, to look authentic, coffee needs to be dropped at a different height than wine,” said Sina Najafi, editor-in-chief of Cabinet magazine, who organised the evening and took on the professional spine-breaking.
Here is the full story, via Benen Harrington.
My GOAT book now has updated software/AI
*A Tale of Three Cities*
The author is Bob Harris, and the subtitle is The Life and Times of Lord Daer 1763-1794. Who is Lord Daer? Don’t worry about that! So many books on the Scottish Enlightenment cover one particular thing, but somehow fail to give the reader a proper sense of life on the ground. I found this is the best book I know for actually communicating what it was like to live during, and participate in, the Scottish Enlightenment. Maybe to achieve that end it is necessary to focus on the life of a figure who was less than totally famous? Definitely recommended, this book should be better known.
*Who Thinks Like an Economist?*
That is the title of a recent book by Beatrice Magistro. Some key results are:
Economic knowledge consistently predicts higher support for welfare-enhancing policies (Eurozone membership, free trade, and EU immigration), independent on whether individuals stand to gain or lose initially from globalization. This challenges conventional self-interest accounts and instead highlights the role of economic knowledge — and potentially time preferences — in shaping globalization attitudes.
Economic knowledge also predicts a lower discount rate, even after adjusting for years of education.
I would say that over the years I have altered my perspective a bit on these issues. I used to think these factors were correlated, in large part, through a kind of wisdom. I now think that more of the effect, however much I may sympathize with it, runs through sociological expectation and perceived obligation, combined with conformity and signaling pressures.
Redux of my Homer’s Odyssey essay
On EconLib, you will find all three parts here, in reverse order.
My Conversation with the excellent Joel Mokyr
Here is the audio, video, and transcript. Here is part of the episode summary:
Tyler and Joel discuss European corporations vs. Chinese clans, why the Catholic Church became obsessed with cousin-marriage, how persistent cultural trends really are, why Chinese cities became so populous relative to Europe, why it took so long for European living standards to surpass China’s, why sinified invaders kept getting swallowed by the dynasties they conquered, how geography kept Europe fragmented and China unified, where India fits into the story, why the Romans never made spectacles, why British soldiers stood two inches taller than the French, what powered the sudden rise of 19th-century German science, how disruptive winning a Nobel is, and much more.
Unlike many Conversations, in this one I could excerpt just about any section with equal interest. Here is one bit:
COWEN: Why does it take so long for the wealthiest parts of Western Europe to surpass Chinese living standards? Say that’s happened by 1700 or 1720, that’s many centuries after this medieval divergence. If it takes so many centuries, is the medieval divergence really the relevant factor? Why is it such a slow process?
MOKYR: Yes, I think it is. I think it’s a main factor. I think the idea of looking at standard of living, one thing, I’m very skeptical about how standards of living are actually measured. I know that this is what Pomeranz and other people have, and Jack Goldstone and other people have argued that the living standards in China were comparable to the West as late as 1750. I’m not 100 percent sure that that is true. Certainly, for my money, what really defines the divergence is that, technologically, the gap between the two countries starts to become visible at the time of the Renaissance, in terms of a whole bunch of things that you see growing in Europe and stagnant in China.
Now, keep in mind, of course, that part of the European growth is due to the fact that they borrowed ideas from China. Then the Industrial Revolution consists, to some extent, of imports institution by Europeans trying to mimic the goods that they were importing from China—not just from China, from India as well. Pottery is a good example. One of the things they really wanted from China was Chinaware. That’s why it’s called Chinaware. It took them a while to be able to match the Chinese capability in the ceramic industry, but they do so eventually. Then they stop importing this stuff from China. The same is true for, say, cotton and other products that we’re getting from the East.
European living standards, I think, should be measured, in part, by the fact that when the Europeans start their voyages across the globe in the late 15th and early 16th century, they are able to bring in a whole bunch of new crops and new techniques from other areas which they merely adopt. You’ll see Europeans very soon growing tobacco and potatoes and corn and other things like that. They are the agents of global change. Not only that they change their own diets, they change the Chinese diets because the Europeans bring from the New World things like peanuts and sweet potatoes and things like that. They change the Chinese diets, but the Chinese themselves are not agents here.
They are accepting the stuff that the Europeans did to some extent, and they’re rejecting others, but it’s the Europeans who are the agents of change here. They are the entrepreneurs. They are the people who bring about the changes, Tyler. My sense is that typifies the difference between Europeans and the Chinese. Europeans are more aggressive. They are more outward-looking. In the end, what you see by the 1830s and 1840s, you see that the technological gap is huge, in some ways much larger than the living standards gap. Even in the 19th century, in terms of food, the Chinese were capable of producing enough food. The number of famines in China is probably not a lot worse than in Europe.
When you see what happens during the First Opium War, one English ship is blowing all of this sort of mighty empire to pieces, and the Chinese have to accept this terribly humiliating peace, you can sort of see how the technological gap has grown between the two. For me, that is much more telling than the living standards. The other thing that I should like to point out is that, when you look at Europe in the 16th and 17th century, you can see that the capability of expanding the set of useful knowledge, including science, is just growing very rapidly. Whether there is a scientific revolution or not is a debate that I want to get into.
Certainly, by 1700, Europe is on the verge of really changing our understanding of how creation works. That’s not just Newton and Galileo. There’s a whole body of work that is emerging. There’s really nothing parallel like that in China. China is a very sophisticated society in many ways. The literacy rates are high. They have a well-funded and well-organized system of education, but they don’t really continue their earlier forays into science and into new technology.
Somebody actually went out and looked at Joseph Needham’s many volumes on Chinese technology and science, or Science and Civilisation [in China], as he called it, and he discovered something—which I guess we all knew, but they put numbers on it—almost nothing that Needham pointed out as an innovation happens after 1400. There’s complete stagnation setting in and some of the things that they knew how to make in earlier times, like the sophisticated clocks that they built in the 11th century, they disappear. For me, that’s more telling than how many calories of carbohydrates were consumed on average, if we could ever calculate that correctly.
Interesting throughout, and of course self-recommending. I very much enjoyed Joel’s recent book Two Paths to Prosperity: Culture and Institutions in Europe and China, 1000–2000, with Greif and Tabellini.
What to Watch and Not
Spider Noir (Prime): I’ve had enough of the Marvel multiverse so I was worried about Spider-Noir. The writers, however, have written an excellent noir in the style of Raymond Chandler with Nicholas Cage channeling Humphrey Bogart. The Spiderman stuff is all there but it is appropriately embedded. There are some excellent lines. Most notably an inversion of the Spiderman motto that I won’t give here but you will know it when you hear it. Also many sharp one-liners:
- Reilly: I don’t like surprises.
- Cat: I’ll remember that when your birthday rolls around.
Nicholas Cage does some Nicholas Cagey spidery things which I enjoyed. Watch it in black and white.
Project Hail Mary (Prime): I waited until this was streaming and I’m glad I did because it was disappointing.
The core problem is Ryan Gosling. He plays Ryland Grace, the genius scientist-hero but genius is something we are told, never shown. Indeed, the character with the best ideas in the film is Carl, Grace’s bodyguard/minder (played by Lionel Boyce)—they should have sent him to save the planet. Gosling has no intensity, and every choice he makes is to lighten and humorize. It’s a small thing, but it annoyed me to watch a scientist toss his instruments disdainfully. Andy Weir is a master at showing smart people grinding through hard problems—in the novel, Grace spends months learning to communicate with an alien. In the movie, Gosling dances.
This isn’t just miscasting. The whole adaptation is built to soften the book. The film cuts the desperation of the world, undercuts the ruthlessness of Stratt and instead adds a karaoke number and a trip to Home Depot (ha, ha, duct tape can solve everything!) Every change is away from high stakes intensity and toward charm and humor, a Disneyfied version of Weir. I have nothing against Gosling but we have lots of charming movies and I would like some competence porn.
The main virtue of PHM, in the end, is that it shows what a miracle The Martian was. Matt Damon knows how to play smart and intense, and he brought both to what I called the most Ayn Rand film in decades. There’s an old story—probably apocryphal—that Chuck Yeager was once asked what he’d do if his engine flamed out and he had sixty seconds before hitting the ground. He replied, “I’d spend the first fifty-nine seconds working on the engine.” Chuck Yeager had the right stuff. Matt Damon in The Martian has the right stuff. Ryan Gosling does not have the right stuff.
The Sheep Detectives (Prime): A delightful surprise! A flock of sheep solve a murder-mystery in a quaint English town; featuring Hugh Jackman and voices from Julia-Louis Dreyfus, Bryan Cranston, Patrick Stewart and others. Babe meets Knives Out. A family film but, as the best family films are, with some deep themes.
What should I ask Liaquat Ahamed?
Yes I will be doing a Conversation with him. From Wikipedia:
Ahamed is the author of Lords of Finance: The Bankers Who Broke the World (2009). The book was awarded the 2010 Pulitzer Prize for History, the 2010 Spear’s Book Award (Financial History Book of the Year), the 2010 Arthur Ross Book Award Gold Medal, the 2009 Financial Times and Goldman Sachs Business Book of the Year Award. For 2009 it was recognized as one of Time magazine’s “Best Books of the Year”, New York Times “Best Books of the Year” and Amazon.com’s “Best Books of the Year”. It was shortlisted for the Samuel Johnson Prize…The book narrates the events preceding the Black Tuesday stock market crash of 1929 and the disastrous response of the world’s major central banks.
He has a new and excellent book out, namely 1873: The Rothschilds, the First Great Depression, and the Making of the Modern World.
Liaquat Ahamed also has extensive experience in the private sector, and dealing with the World Bank and IMF. He has produced a movie and done much more as well.
So what should I ask him?
*What Makes a Great Composer?: A Data-Driven Exploration of Music History*
A very good book, forthcoming, by Karol J. Borowiecki and Marc Lawx, here is the Amazon link, here is the Princeton University Press page.
What should I ask Michael Moritz?
Yes I will be doing a Conversation with him, based around his new book Ausländer: One Family’s Story of Escape and Exile. Mike of course was a pioneering venture capitalist through Sequoia, and before that had a distinguished career as a journalist, which included books on Chrysler, Apple (the first such book I believe?), and soccer coach Alex Ferguson of Manchester United. Here is his Wikipedia page.
So what should I ask him?
Tyler, Nabeel, and Jackson on French thinkers
Nabeel: (57:47) …For example, there’s a French thinker called Jacques Derrida. I probably should go and read him at some point, but I’m not entirely convinced there is a there there, and I don’t know anyone who swears by it. If Tyler told me, “Nabeel, you are missing a big piece of your life by not reading him,” I would go read him tomorrow. But I don’t have any of those people.
Tyler: (58:44) Lacan is my marginal case of “no there there.” So Derrida, I put in a fair amount of effort and did conclude, rightly or wrongly, that there’s no there there. So you can, in my opinion, write him off. Lacan, I keep on wondering. Smart people still will say, “This is amazing.” I’ve tried a bunch of times, but I haven’t given up. There’s a new Lacan book coming out later this summer and I’ll try it again. We’ll see. That’s my marginal “is there a there there” figure.
Nabeel: (59:13) Yeah. I think modern French thinkers put too much of a premium on sounding cool, or postmodern philosophy generally. I think it repays some effort to kind of grasp the core ideas, but it doesn’t repay making it your life’s reading or something.
Tyler: (59:26) Baudrillard is quite good and Foucault is extremely interesting. So I’m not against “the French” in this period, but if they keep on not making sense, I feel I’m educated well enough.
Jackson: (59:37) You have a lot of context.
Tyler: (59:38) That at some point I can strike the ledger.
Nabeel: (59:41) I do—Nowadays, I just put Foucault through GPT and I just have GPT explain it to me, and that’s going to be good enough for now.
Tyler: (59:50) The problem with Foucault, I think, is so much of the history is wrong in a quite mundane way, so there’s something very problematic about it. But the stuff—I think it’s in a way quite simple, almost too simple. And the fact that the current right has so latched on to Foucault is a sign that it’s simple. I don’t mean necessarily bad, but there are these structures and they’re trying to tell you what to do. And there’s something anonymous about that as well. It’s not just the individuals who form the conspiracy. It’s how a lot of the world thinks today.
Here is the longer discussion, already linked to.
What I’ve been reading
1. Elizabeth Buchanan, So You Want to Own Greenland? A useful and dispassionate overview of the relevant history and issues. The author is from Australia. I had not known that Norway unilaterally claimed parts of eastern Greenland in the early 1930s, though gave it back to Denmark following a Hague adjudication and ruling.
2. Andrea Wulf, The Traveler: One Man’s Epic Quest for Discover Our Shared Humanity. This book meets her usual high standards. In this case the traveler is George Foster, who sailed with Cook to the South Seas and had relatively sympathetic attitudes toward the indigenous peoples there.
3. James Hawes, The Shortest History of Ireland. From a useful series, even if some of the claims are wrong and the judgments intemperate. Such books force you to think through your own views and interpretations, they serve as refreshers for the basic history, and they do give you conceptual frameworks of a sort. You are more likely to remember the core histories when you read books like this, but caution typically is in order as well.
4. Simon Warrack, Monumental: Great Buildings of the World Through the Hands and Eyes of a Stonemason. An engaging book about the beauties of stonemasonry, with case studies of Venice, Angkor Wat, Lalibela, Zimbabwe and other locales.
5. Roger Zelazny, Lord of Light. Yup. “Earth is long since dead. On a colony planet, a band of men has gained control of technology, made themselves immortal, and now rule their world as gods of the Hindu pantheon.” First published in 1967.