Category: Books

My Favorite Review of Modern Principles

I have been reading your book and I must say I am most impressed. The layout is clear, the examples good but the writing is great!  It is clear, concise, logical and interesting. I have to say I found it good reading. Congratulations.

Love Mum.

If you are interested in a review less tangled with the bonds of affection, Robert Whaples is teaching his principles of economics class using a pre-pub version of our textbook (micro and macro; fyi, more on micro in a few weeks) and he is is blogging his thoughts as he covers each chapter. Whaples conveys the flavor of our book very well.

What I’ve been reading

1. Why Photography Matters as Art as Never Before, by Michael Fried.  The text is weak (and mostly skippable), but still this had high value for me.  It's a look at how photography has become the centerpiece of contemporary art, starting with Jeff Wall and offering well-chosen color images from the leading creators.  I had been needing a book like this.

2. The Narcissism of Minor Differences: How American and Europe are Alike, by Peter Baldwin.  This book offers an onslaught of facts and statistics, toward the aim of showing that the United States and Europe aren't so different after all.  You also can read it as a critique of purely statistical reasoning.  At the very least, it's a good reference work even though I wasn't convinced by the central thesis.

3. Total Recall: How the E-Memory Revolution Will Change Everything, by Gordon Bell and Jim Gemmell.  This is an exciting and prophetic book about taking the ideas of self-experimentation and self-recording to an extreme.  Record your entire life and then do…?…with the data.  Something, they'll figure it out.  Just record the recorders and run regressions on what ends up working.

4. The Perfect Fruit: Good Breeding, Bad Seeds, and the Hunt for the Elusive Pluot by Chip Brantley.  There is now a "go-to" book on the pluot and this is it.  It explains why plums vary so much in quality, why plums are usually bad these days, how the pluot was intended as a replacement, and why some stores call them plumcots.  I paid attention the whole way through.

5. The Informers, by Juan Gabriel Vasquez.  I loved the first part, about the guy's relationship with his dying father, but found the wartime blacklist story only "good."  Still, this is one of the better Colombian novels and I could imagine the author writing a truly great novel someday.  Here is one good review.

6. Lorrie Moore, A Gate at the Stairs.  Has any novel this year received better or more unanimous critical reviews?  The writing is smart, beautiful, and quirky and Moore is not afraid to let her main character be weird.  Still, I lost interest within one hundred pages and stopped reading.  I am willing to admit the fault may be mine and over Christmas I'll try it again.  Somehow I need more analytic structure in my fiction.  If you look at the Amazon reader reviews, they make related points.  Here is some background information on the book.  Do let me know if you loved it.

7. Joyce Appleby, The Relentless Revolution: A History of Capitalism.  My mouth watered at the thought of a popular (Norton) Joyce Appleby book on the origins of capitalism.  It is intelligent throughout but it wasn't teaching me anything so I put it down.  Skimming did not alter this impression.  It is more a disappointment than a bad book but it is a disappointment nonetheless.  All of a sudden she's afraid to take chances.

8. Strength in What Remains, by Tracy Kidder.  It bored me and I stopped.  It's OK but I view it as an inefficient blend of narrative and mild information about East African ethnic cleansing.  Most critics praised it.

The new Pamuk book, due out in October, is phenomenal and is getting better each day.

Tyler Cowen and Russ Roberts podcast

I always enjoy chatting with Russ.  Russ describes the dialogue as follows:

Tyler Cowen of George Mason University and author of Create Your Own Economy talks with EconTalk host Russ Roberts
about the ideas in his recent book. The conversation ranges across a
wide array of topics related to information, the arts, and the culture
of the internet. Topics include how autistics perceive information and
what non-autistics can learn from them, what Buddhism might teach us
about our digital lives, the pace of change in the use of technology,
Nozick's experience machine and the relative importance of authenticity
and what the Alchian and Allen theorem has to do with the internet and
culture.

*The Pattern in the Carpet: A Personal History with Jigsaws*

Many writers (including W.H. Auden, Georges Perec, Julian Mitchell, Julian Barnes, Ronald Harwood and Jonathan Raban) have been addicted to crossword puzzles, but I have never taken to them either.  The hours of freedom from words are a relief to me, though of course I acknowledge that, paradoxically, I then seem to feel the need of words to try to analyse the nature of this freedom.

That's because writing is an illness. A chronic, incurable illness.  I caught it by default when I was twenty-one, and I often wish I hadn't.  It seemed to start off as therapy, but it became the illness that it set out to cure.

That is from the new Margaret Drabble book, which indeed is about her obsession with jigsaw puzzles.  While I do not myself have an interest in jigsaw puzzles, or crosswords, I am nonetheless finding the book very interesting.  It will baffle many of her traditional fans but that's probably for the better.

What I’ve been reading

1. The Idea of Justice, by Amartya Sen.  This book is 415 pages of intelligent Sen-isms.  Key themes are the importance of public reasoning, the plurality of reasons, and the possibility of an impartial approach to major ethical questions.  We also learn that in 1938 Wittgenstein was determined to go to Vienna and give Hitler a stern lecture; he had to be talked out of it.  At the end of it all I was more rather than less confused about what impartiality means.  I don't blame that on Sen, but that says more about the book than any particular comment which I might make.  It's a very good introduction to Sen's ethical thought but it's ultimately the Wittgenstein anecdote which sticks with me.

2. Await Your Reply, by Dan Chaon.  This tripartite mystery about reinventing yourself has received rave reviews and Amazon readers are strongly positive.  I read about one hundred pages and thought it was ably done but of no real substance.

3. How to Make Love to Adrian Colesberry, by Adrian Colesberry.  My god this book is sick and I feel bad even telling you about it.  It's exactly what the title promises and it has no business being discussed on a family-oriented economics blog.  The language is explicit and the content is disgusting.  It's also brilliant, funny, and unique.  How often do I see a new approach to what a book can be?  Once you get past the language and topic, it's actually about narcissism, why empathy is scarce, how we form self-images, how men classify and remember their pasts, and why management fad books are absurd.

4. A Paradise Built in Hell: The Extraordinary Communities That Arise in Disaster, by Rebecca Solnit.  For many people
this may be a good book but I could not read far into it.  The main
thesis is quite interesting, namely that people forms immediate islands
of community and cooperation during very trying times.  The examples
include the San Francisco and Mexico City earthquakes, 9/11, and
Hurricane Katrina.  But I found the ratio of information to page was
too low for my admittedly extreme tastes.

Here is an interesting bit on how emergencies inspire crowd cooperation, not panic.

5. Das Museum der Unschuld, by Orhan Pamuk.  That's The Museum of Innocence in English, out in late October, but I found the German-language version in Stockholm.  It's in his "Istanbul nostalgic" mode rather than his "I'm trying to be like Italo Calvino" style and it promises to be one of his very best books.

*Ayn Rand and the World She Made*

That's the new Ayn Rand biography, written by Anne C. Heller.  It is a truly excellent, first-rate biography, at least up through my current p.111.  I know Ayn Rand is an emotional topic for many of you, pro, con, or somewhere in between.  But my praise of this book is analogous to how I might praise a biography of Jean Rhys or W.C. Handy.  It's simply a very good book by any objective [sic] standard and it should be of interest to any student of intellectual history, American popular fiction, libertarianism, or for that matter American history.

Did you know that Rand met her husband by deliberately tripping him?  Or that she received WPA funds during the New Deal? 

The author is by no means a "Randian" but she is willing to praise the famous Atlas Shrugged "money speech" as "original, complex, and although somewhat overbearing, beautifully written."  She nominates We the Living as Rand's most persuasive work in a literary sense.

Here is one blog review of the book, which is in any case recommended.

What do kids find worth fighting over?

Maybe Alchian and Demsetz would not be surprised:

A team of leading British and American scholars asked 108 sibling pairs in Colorado exactly what they fought about.  Parental affection was ranked dead last.  Just 9% of the kids said it was to blame for the arguments of competition.

The more common reason the kids were fighting was the same one that was the ruin of Regan and Goneril; sharing the castle's toys.  Almost 80% of the older children, and 75% of the younger kids, all said sharing physical possessions — or claiming them as their own — caused the most fights.

Nothing else came close.  Although 39% of the younger kids did complain that their fights were about…fights.  They claimed, basically, that they started fights to stop their older siblings from hitting them.

That is from the new book NurtureShock, by Po Bronson and Ashley Merryman, which I found interesting at times.  "Interesting enough to read" is perhaps its category.  Here is a WSJ review.

I should add that I don't think the cited research settles the matter.  Children might fight over toys as credible signals of parental affection, caring more about the signal than about the toy per se.

*This Time is Different*

The authors are Carmen Reinhart and Kenneth Rogoff and the subtitle is Eight Centuries of Financial Folly.  Here is the book's home page.

This book is of course self-recommending.  By "self-recommending" I mean it is obviously worthwhile and it looks as if I have read some of the content in advance.  By self-recommending I also mean…that I haven't read it yet.  Nonetheless someone needs to recommend it, so it recommends itself.

*Dear Undercover Economist*, by Tim Harford

Tim's new book is out this week and the subtitle is Priceless Advice on Money, Work, Sex, Kids, and Life's Other Challenges.  The book is basically Tim's "Dear Economist" advice columns from the FT.  It is priced at a very reasonable $10 and it reaffirms Tim's status as the #1 UK writer on popular economics.

Here Tim allows his readers to respond to his advice; check out the comments from loyal MR reader Michael Vassar.

*History of the Mafia*

This new book by Salvatore Lupo is a translation from the Italian.  I read a bunch of Mafia books before leaving for Sicily and this one has, by a considerable margin, more economic history and more analytic reasoning than the others.  It asks how the Mafia interacted with more general changes to the Sicilian economy and also asks why the Mafia were stronger in some parts of Sicily than others.  The latter sort of question is a no-brainer for an economist but it doesn't pop up very often in the literature.

On the American Mafia, Mike Dash's The First Family: Terror, Extortion, Revenge, Murder, and the Birth of the American Mafia is both good and readable.  See for instance the Jonathan Yardley review at the Amazon link.

The Mafia is a topic I will never understand very well, so it is hard for me to judge the substance of these books but they do signal various impressive qualities.

*Codes of the Underworld: How Criminals Communicate*

That's the new book by Diego Gambetta and it is the best applied book on signaling theory to date.  Gambetta's task is well summarized by a single sentence:

Given these propensities, one wonders how criminals ever manage to do anything together.

The signaling problems faced by criminals are unusual in the following regard.  On one hand they wish to signal a certain untrustworthiness, namely that they are criminals in the first place.  This is useful for both meeting other criminals and also for intimidating potential victims.  On the other hand, the criminals wish to signal that they are potentially cooperative, for the purpose of working with other criminals.  Sending these dual signals isn't easy and Gambetta well understands the complexity of the task at hand.  As Henry points out, facial tattoos are one particular effective method of signaling that one is a criminal for life.

Here is a passage which I found striking:

…Women are significantly less violent than men in the outside world and less lethal when they are violent.  This holds in all times and places for which relevant data exist.  And yet in prison this universal fact is overturned: women become at least as violent and often more prone to violence than men are.  Although women in prison rarely commit homicide, a large study of Texas prisons by Tischler and Marquart showed that there was no difference between women and men in the incidence of violent episodes.  Table 4.2, based on comprehensive statistics for England and Wales, shows that the gender pattern is even reversed; women assault each other twice as much as men do, and they fight one and half times as much as men do, a result that disconfirms the testosterone hypothesis.

Generally, women are convicted of proportionally fewer violent offenses than men are and have shorter criminal histories, two circumstances that rule out some of the possible selection effects that could explain away the high rates of female prison violence…

Gambetta wonders whether women in prison resort to violence so frequently because they have fewer alternative credible means of signaling toughness.

*The Inheritance of Rome*

What can I say?  I have to count this tome as one of the best history books I have read, ever.  The author is Chris Wickham and the subtitle is A History of Europe from 400 to 1000.  The author states that this is a book written “without hindsight” so the focus is not on how early medieval times were a precursor of this, that, or the other.  In addition to its all-around stunningness, it has the following:

1. Extensive use of Egyptian archives, which it turns out are extensive from this period.  Egypt may have been the most advanced part of the world at that time.

2. Fluid integration of historical and archeological sources.

3. An emphasis on “localization” as the fundamental change following the fall of the Roman Empire, and numerous micro-studies of exactly how that localization occurred.  Cities shrank, trade networks dried up, etc.

4. An illuminating discussion of how family control made it incentive-compatible to invest so much wealth in monasteries.

5. An interesting hypothesis as to why so many Islamic cities ended up with such narrow streets (I may blog this separately).

6. How the peasantry ended up so downtrodden in England.

7. How the fall of the Roman Empire really happened (more or less).

8. How the Carolingian, Byzantine, and Abbasid empires all drew upon their Roman heritage in varying ways.

And more.  If a while ago I defined the category “a book after which you don’t want to read any other book,” I’ll try a new designation: “a book which makes you want to spend a month or more reading follow-up works in the same area.”

Here is one very good review.  I got a kick out of one of the Amazon reviews:

This is a challenging book to read. There is so much information
crammed into every page that you have to read slowly or you’ll miss
something. And there are 550 pages of this.

Content!  Heaven forbid! 

John Sutherland and 900 Victorian novelists

The appearance, after more than twenty years, of a second edition of John
Sutherland’s The Longman Companion to Victorian Fiction, is exciting news
for Victorian enthusiasts, whether students, academics or readers. For the
book represents a staggering achievement that is unlikely ever to be
equalled. That a single scholar, working un-assisted, should undertake to
synopsize 554 (now 560) novels and offer biographical accounts of 878 (now
900) novelists, as well as compiling entries on forty-seven magazines and
periodicals, twenty-six major illustrators and thirty-eight (now forty-one)
miscellaneous items (“Sandism”, “the Yellowback”, “The Nautical Novel”), is
a feat that beggars imagination, especially since much of the work was
completed before the availability of the internet and searchable digitized
texts. In his Preface to the first edition Sutherland stated that it took
him five years to prepare the Companion. In his Preface to the new edition
he confesses that it was “the work of a decade”.

Here is more and I thank The Browser for the pointer.