Category: Books

What I’ve been reading

1. Bourdieu’s Secret Admirer in the Caucasus: A World-System Biography, by Georgi Derluguian.  How did the Soviet Union come to be, come to collapse, and was the ethnic trouble in the Caucasus brought on by globalization?  This book has a unique narrative style, while the content draws upon Wallerstein, Tilly, Randall Collins, and others.  There is wisdom and analysis on virtually every page.

2. Twice a Stranger: The Mass Expulsions that Forged Modern Greece and Turkey, by Bruce Clark.  The sad story of how murder and population exchanges have made the nations of the modern Mediterranean more monocultural; someone needs to write on Egypt as well.

3. Good Bread is Back, by Steven Kaplan; the subtitle says it all: A Contemporary History of French bread, the way it is made, and the people who make it.  Here is Alex’s earlier post on French bread.

4. On Chesil Beach, by Ian McEwan.  This short novel is about young British newlyweds trying to have/trying to not have sex in 1962.  Critics are calling it a return to form, but it feels slightly overwrought to me.  Can the British really be like that?  If so, do I have to read about it?  I did find the last ten pages strikingly beautiful.  I got my copy early on Amazon.co.uk, the American edition is out in June.

The Sushi Economy

The centers of the sushi economy in the twenty-first century are sites of exchange and connection.  Today, the places with the freshest fish — and often, the telltale aroma that draws attention to such privileged locations — are airport cargo hangars and refrigerated storage facilities located near highway interchanges.

That is from the splendid The Sushi Economy: Globalization and the Making of a Modern Delicacy, by Sasha Issenberg.  Most people do not know how much sushi is shipped across borders, and how much the very "freshest" fish has in fact been frozen.

Joseph Schumpeter at Harvard

In grading his daily performances, he gave himself numerical credit for writing and research — including his endless effort to master mathematics — but seldom for teaching, counseling students, or any other duty.  He enjoyed reading Latin and Greek texts, as well as European novels and biographies — Tolstoy’s Anna Karenina, Morley’s multivolume Gladstone, Lytton Strachey’s Eminent Victorians.  Sometimes he indulged himself with Ellery Queen and other detective novelists.  He loved to dine out and to attend art exhibitions and classical music concerts.  But he regarded most of these activities as unseemly distractions.  The only thing that really counted as work.  On that dimension Schumpeter held himself to unattainable standards and wrestled constantly with his conscience.  He was still trying to work out an "exact economics; and in doing so he was setting a real intellectual trap for himself.

That is from Thomas McCraw’s superlative Prophet of Innovation: Joseph Schumpeter and Creative Destruction.  Here is David Warsh on the book.

Casanova reminds me of Robin Hanson

The girl’s quick mind, unrefined by study, sought to have the advantage of being considered pure and airless; it was conscious of this, and it made use of this consciousness to further its ends; but such a mind had given me too strong an impression of its cleverness.

That is from History of My Life.  Is that why human self-deception has evolved?  If we don’t know our own artifices, we can more successfully conceal them from others.

The Old Way

Sharing was perhaps the most important element of the social fabric.  Fear that others would not share was the constant preoccupation of many people.  I remember a woman talking about sharing: "I am sick," said the woman as if speaking to herself although in fact she was speaking to my mother, who was nearby.  "That is why I don’t go out for plant foods.  I want my mother to give me some and she does not give me any.  I am lying down sick.  I am starving.  If my mother were here, she would give me some plant foods…That place is far…The people who stay there are not people who favor others.  Not sympathetic.  They do not give food.  When they see people from a far place coming to their place, their hearts do not feel good.  I do not want to go to see those people."

That is from Elizabeth Marshall Thomas, The Old Way: A Story of the First People, a fascinating study of a hunter-gatherer society, the Ju/wasi in the Kalahari.

It is not often a book just blows me away

Prophet of Innovation: Joseph Schumpeter and Creative Destruction, by Thomas K. McCraw.  It is beautifully written, suspenseful throughout, full of love and intrigue, a story of European migration, also a history of Harvard economics, reassesses Schumpeter’s thought, and is as good a biography of an economist as has ever been written.  I do not make the latter claim lightly.

The Making of an Economist, Redux

That book is by David Colander of Middlebury.  Can I do better than to quote that weird blogger guy who wrote the blurb?:

The Making of an Economist, Redux is self-recommending.  David Colander’s work on the profession of economics is by far the best we have.  A significant follow-up to his book of twenty years ago, it will become the standard account of what economics graduate school is like.

This book isn’t for all MR readers, but if you think it might be for you, it is.  Here is the book’s home page.

Benjamin Barber’s *Consumed*

There is actually [sic] a restaurant in New Jersey called Stuff Yer Face, and fast food generally is about stuffing your face: about nutrition, fueling up, taking in the calories, food as instrumentality, eaters as mere animals responding to biological imperatives.

The subtitle of the new book is How Markets Corrupt Children, Infantalize Adults, and Swallow Citizens Whole.  Here is the restaurant’s home page, with sound.

Boomsday

The new Christopher Buckley novel Boomsday concerns a blogger — Cassandra — who proposes that a cash-strapped, demographically-burdened society pay old people to do themselves in.  The elderly are to kill themselves for tax breaks.  In Swiftian fashion we can improve this idea by convexifying the choice.  Let’s make it a risk and subsidize sky-diving for the non-working elderly. 

There are two positive externalities from the resulting deaths; first, a bequest of material wealth passes to other individuals, second, the deadweight loss of taxation falls.  The negative externality from the death falls upon other family members and friends; whether the would-be victim internalized those costs in the first place is difficult to calculate.  Have I mentioned that economics has few good ways of modeling two-way altruism and keeping the standard welfare theorems intact?  Distribution and efficiency are no longer separate, but hey that’s the real world.

Here is a New York Times review.  Buckley is one of the most entertaining public speakers I have heard, hire or go hear him if you can.

Genius among insects

That is the praise given by one EconLog commentator to Bryan Caplan summarizing his next book

This will be a good popular book, but I don’t yet understand Bryan’s attack on education.  The private return to education has been rising for some while.  This premium can be usefully broken down into a training/learning component, consumption (college is fun), and a signaling or credentials component.  Note that only the latter of the three is wasteful; while signaling helps achieve a good sorting of workers to jobs, it also has a zero- or negative-sum component based on getting ahead of the other guy.

Now if the total premium to education is going up, I would expect that the signaling component is going up as well.  That means more educational waste, as Bryan is suggesting.  But I also expect that the training and consumption components of education are going up as well.  Those returns are not wasteful.  Why should we be surprised at more absolute waste in a growing market?

I think of parallels from culture.  The bigger the music market gets, the more people engage in (partially) wasteful competition to be the number one act.  But this does not mean we should be telling a chiding story about the music market as a whole.  There is also greater diversity of music and a higher quality supply in the eyes of consumers.  Furthermore the "wasteful race to the top" helps fund the infrastructure that produces the other benefits.

I view the contemporary higher education story as "more value" and "more waste" coming together.  Bryan will have an easy time pinpointing and mocking the waste, but can he deny the concomitant value?

Here is Arnold on Bryan.  Here is my post on why education is valuable, namely for acculturation.  I think Bryan’s own very constant personality misleads him.  He didn’t need to be acculturated very much into the world of learning, but most other people do.

Susan Sontag on America

It is the genius of the United States, a profoundly conservative country in ways that Europeans find difficult to fathom, to have elaborated a form of conservative thinking that celebrates the new rather than the old.

That is from Susan Sontag’s new At the Same Time: Essays and Speeches.  This volume is not her best work, but it is still better than what almost anyone else comes up with.