By Ronald S. Calinger, what a beautiful book, clearly written, conceptual in nature, placing Euler in the broader history of mathematics, the funding of science, and the Enlightenment, all in a mere 536 pp. of text. Here is one bit:
At midcentury Leonard Euler was at the peak of his career. Johann I (Jean I) Bernoulli had saluted him as “the incomparable L. Euler, the prince among mathematicians” in 1745, and Henri Poincaré’s later description of him as the “god of mathematics” attests to his supremacy in the mathematical sciences. Euler continued to center his research on making seminal contributions to differential and integral calculus and rational mechanics, and producing substantial advances in astronomy, hydrodynamics, and geometrical optics; the state projects of Frederick II required attention especially to hydraulics, cartography, lotteries, and turbines. At midcentury, when d’Alembert and Alexis Claude Clairaut in Paris, Euler in Berlin, Colin Maclaurin in Scotland, and Daniel Bernoulli in Basel dominated the physical sciences, Euler was their presiding genius.
Nor had I known that Rameau sent his treatise on the fundamental mathematics of music to Euler for comments.
Definitely recommended, you can order it here.
How do geographically concentrated income shocks influence the long-run spatial distribution of poverty within a city? We examine the impact on housing prices of a cholera epidemic in one neighborhood of nineteenth century London. Ten years after the epidemic, housing prices are significantly lower just inside the catchment area of the water pump that transmitted the disease. Moreover, differences in housing prices persist over the following 160 years. We make sense of these patterns by building a model of a rental market with frictions in which poor tenants exert a negative externality on their neighbors. This showcases how a locally concentrated income shock can persistently change the tenant composition of a block.
Here is the new AER piece by Attila Ambrus, Erica Field, and Robert Gonzalez. What might be the modern applications of this insight?
This three-volume set is quite the remarkable achievement, and it would have made my best books of 2019 list (add-ons here) had I known about it earlier. It starts with “An audit of violence after 1966,” and then goes back to the seventeenth century to begin to dig out what happened. It has more detail than almost anyone needs to know, yet at the same time it remains unfailingly conceptual and relies on theoretical social science as well, rather than merely reciting names and dates. How about this?:
The breakdown of hegemonic control in Northern Ireland [mid- to late 1960s] exemplifies Tocqueville’s thesis that, when a bad government seeks to reform itself, it is in its greatest danger.
Here is an excerpt from volume II:
The thesis advanced here is that hegemonic control was established between 1920 and 1925 by the UUP, and, aside from a few exceptional moments, exercised successfully until 1966. After 1925 opportunities for effective opposition, dissent, disobedience, or usurpation of power were minimal. The major possibilities of disruption came from the outside, from independent Ireland or from Great Britain, from geopolitics, or the world economy. Eventually, when external forces of disruption combined with major endogenous changes, hegemonic control would be contested, and would shatter. But at no juncture did Northern nationalists or Irish Catholics in the North internalize the UUP’s rhetoric, or become significantly British by cultural designation. When the civil-rights movement learned to exploit the claim to be British citizens entitled to British rights, the regime’s days were numbered.
I will continue to spend time with these volumes, which will not be surpassed anytime soon. Unlike in so many history books, O’Leary is always trying to explain what happened, or what did not. You can order them here.
As a side note, I find it shocking (and I suppose deplorable) that no American major media outlet has reviewed these books, or put them on its best of the year list, as far as I can tell. We are failing at something, though I suppose you can debate what. And I apologize to O’Leary for missing them the first time around.
Russ Roberts defends Milton Friedman (and many others, implicitly), excerpt:
What about spending for public schools? Has that been reduced in this allegedly draconian neoliberal era?
In 1960, per pupil expenditure for elementary and high school students was just under $4000. In 1980, when the neoliberal ideology allegedly began its ascendance, it was a little less than $8000. The latest numbers from 2015–2016 are just under $15,000. All numbers are corrected for inflation (in 2017–2018 dollars). So under this time of alleged cutbacks and resource starvation, per pupil expenditures rose dramatically.
What about transportation infrastructure? Total spending is up in real terms. What about as a percentage of GDP? There has been a decline since 1962 as a percentage of GDP but the numbers are basically flat since 1980…
What about investment in non-defense research and development, and health? Up dramatically since 1980 in real terms.
There is much more at the link, including excellent visuals.
From Jason Crawford, Emergent Ventures winner in Progress Studies:
…the surprising thing I found is that infectious disease mortality rates have been declining steadily since long before vaccines or antibiotics…
In 1900, the most deaths came from tuberculosis, influenza/pneumonia, and gastroenteric diseases such as dysentery. All of these were effectively conquered by antibiotics in the 1930s and ’40s, but were on the decline since at least the beginning of the century…
Indeed, digging further into the UK data from the late 1800s, we can see that TB was declining since at least 1850 and gastroenteric disease since the 1870s. And similar patterns hold for lesser killers such as measles, which didn’t have a vaccine until the 1960s, but which by then had already declined in mortality by more than 90% from its 1900 levels.
So what was going on? If you read my survey of technologies against infectious disease, you know that other than drugs and immunization, there is one other way to fight germs: cleaning up the environment.
I was surprised to learn that sanitation efforts began as early as the 1700s—and that these efforts were based on data collection and analysis, long before a full scientific theory of infection had been worked out.
There is much more at the link, including the footnotes for citations to the claims made here.
Following the collapse of the communist regime in 1989, the number of births halved in East Germany. These cohorts became markedly more likely to be arrested as they grew up in reunified Germany. This is observed for both genders and all offence types.
Here is the full article by Arnauld Chevalier and Olivier Marie, the authors seem to think the reunification event selects for risky parents, are there other possible explanations?
Via the excellent Kevin Lewis.
At a keynote address at the Precision Medicine World Conference, Thiel argued for enabling riskier research grant-making via institutions such as the NIH, as well as abandoning the scientific staple of the double-blind trial and encouraging the U.S. FDA to further accelerate its regulatory evaluations. He said that these deficiencies are inhibiting the ability of scientists to make major advances, despite the current environment that is flooded with capital and research talent.
Make science great again?
“There’s a story we can tell about what happened historically in how processes became bureaucratized. Early science funding was very informal – DARPA’s a little bit different – but in the 1950s and 1960s, it was very generative,” said Thiel. “You just had one person [who] knew the 20 top scientists and gave them grants – there was no up-front application process. Then gradually, as things scaled, they became formalized.
“One question is always how things scale,” he continued. “There are certain types of businesses where they work better and better at bigger and bigger scales,” he said, pointing to big tech.. “And, if big tech is an ambiguous term, I wonder whether big science is simply an oxymoron.”
He then cited the success of major scientific programs – such as the development of the atomic bomb in the Manhattan Project, the Apollo space program and Watson and Crick’s discovery of DNA – that hinged on having “preexisting, idiosyncratic, quirky, decentralized scientific culture[s]” and were accelerated rapidly by a major infusion of cash.
When I invest in biotech, I have a sort of a model for the type of person I’m looking to invest in,” said Thiel. “There’s sort of a bimodal distribution of scientists. You basically have people who are extremely conventional and will do experiments that will succeed but will not mean anything. These will not actually translate into anything significant, and you can tell that it is just a very incremental experiment. Then you have your various people who are crazy and want to do things that are [going to] make a very big difference. They’re, generally speaking, too crazy for anything to ever work.”
“You want to … find the people who are roughly halfway in between. There are fewer of those people because of … these institutional structures and whatnot, but I don’t think they’re nonexistent,” he continued. “My challenge to biotech venture capitalists is to find some of those people who are crazy enough to try something bold, but not so crazy that it’s going to be this mutation where they do 100 things differently.”
It is excellent, one of my favorite MRU videos to date:
Here is some text from the release email:
The second episode of Women In Economics is out today! Join Harvard’s Claudia Goldin, UC Berkeley’s Christina Romer, and more on an insightful, engaging look at Anna Jacobson Schwartz’s life and achievements.
Did you know that Anna graduated from high school at 15?
Or that her dissertation couldn’t be published because of paper rationing during World War II? Yet despite this setback, she went on to coauthor one of the most important books about monetary policy and the Great Depression. Because of her work, she was hailed as one of the leading monetary economists of the 20th century by the end of her career!
We’re so excited to share Schwartz’s incredible story—click here to watch the video!
We’re also excited to announce our next video in our Women in Econ series, about Janet Yellen, will be released on March 8th. It will feature Yellen in her own words, along with Ben Bernanke and Christina Romer. Stay tuned!
The Mughals of Northern India are famous for their tombs, Humayun’s tomb in Delhi, Jahangir’s Tomb in Lahore and, of course, the Taj Mahal. Why so many tombs? Culture surely has something to do with it, although conservative Muslims tend to frown on tombs and ancestor worship as interference with the communication between man and God. Incentives are another reason.
Under the Mansabdari system which governed the nobility, the Mughal Emperor didn’t give perpetual grants of land. On death, all land that had been granted to the noble reverted back to the Emperor, effectively a 100% estate tax. In other words, land titling for the Mughal nobility was not hereditary. Since land could not be handed down to the next generation, there was very little incentive for the Mughal nobility to build palaces or the kind of ancestral homes that are common in Europe. The one exception to the rule, however, was for tombs. Tombs would not revert back to the Emperor. Hence the many Mughal tombs
Here is some lovely jali (stone lattice) work in Barber’s tomb in the Humayan tomb complex.
The Aga Khan Development Network has done some great restoration work on Isa Khan’s tomb, again in the Humayun’s tomb complex. Here’s the ceiling and another piece of jali work.
A video in which Brazil’s culture minister uses parts of a speech by Joseph Goebbels, Nazi Germany’s propaganda boss, has sparked outrage.
In the clip posted on the ministry’s Twitter page, Roberto Alvim details an award for “heroic” and “national” art.
Lohengrin by Wagner, Hitler’s favourite composer, plays in the background.
Reacting to the controversy, Mr Alvim said the speech was a “rhetorical coincidence”. Far-right President Jair Bolsonaro has been urged to fire him.
Mr Bolsonaro, a former army captain with a conservative social agenda, has frequently accused Brazil’s artists and cultural productions including schoolbooks and movies of “left-wing bias”. He has not commented.
In the six-minute video detailing the National Arts Awards, Mr Alvim says: “The Brazilian art of the next decade will be heroic and will be national, will be endowed with great capacity for emotional involvement… deeply linked to the urgent aspirations of our people, or else it will be nothing.”
Parts of it are identical to a speech quoted in the book Joseph Goebbels: A Biography, by German historian Peter Longerich, who has written several works on the Holocaust.
Here is the full story.
I will be doing a Conversation with him, with an associated public event. Here is part of his Wikipedia profile:
John Hamilton McWhorter V…is an American academic and linguist who is associate professor of English and comparative literature at Columbia University, where he teaches linguistics, American studies, philosophy, and music history. He is the author of a number of books on language and on race relations, and his writing has appeared in many prominent magazines. His research specializes on how creole languages form, and how language grammars change as the result of sociohistorical phenomena.
So what should I ask him?
And if you wish to register for February 17, here is the link.
It was far-ranging, here is the opening bit:
Damir Marusic for TAI: Tyler, thanks so much for joining us today. One of the themes we’re trying to grapple with here at the magazine is the perception that liberal democratic capitalism is in some kind of crisis. Is there a crisis?
TC: Crisis, what does that word mean? There’s been a crisis my whole lifetime.
TC: I think addiction is an underrated issue. It’s stressed in Homer’s Odyssey and in Plato, it’s one of the classic problems of public order—yet we’ve been treating it like some little tiny annoyance, when in fact it’s a central problem for the liberal order.
AS: What about co-determination?
TC: There are too many people with the right to say no in America as it is. We need to get things done speedier, with fewer obstacles that create veto points. So no, I don’t favor that.
AS: John Maynard Keynes.
TC: I suppose underrated. He was a polymath. Polymaths tend to be underrated, and Keynes was a phenomenal writer. I’m not a Keynesian on macroeconomics, but when you read him, it’s so fresh and startling and just fantastic. So I’d say underrated.
AS: Slavoj Zizek, the quirky communist philosopher you debated recently.
TC: Way underrated. I had breakfast with Zizek before my dialogue with him, and he’s one of the 10 people I’ve met who knows the most and can command it. Now that said, he speaks in code and he’s kind of “crazy,” and his style irritates many people because he never answers any question directly. You get his Hegelian whatever. He has his partisans who are awful, but ordinary intellectuals don’t notice him and he’s pretty phenomenal actually. So I’d say very underrated.
Here is the full interview, a podcast version is coming too.
This one is better than the other available conversations with Reid, here is the transcript and audio. Here is part of the CWTeam summary:
Reid joined Tyler to talk about all these leverage points and more, including the Silicon Valley cultural meme he most disagrees with, how Wittgenstein influenced the design of LinkedIn, mystical atheism, what it was like being on Firing Line, why he’s never said anything outrageous, how he and Peter Thiel interpret The Tempest differently, the most misunderstood thing about friendship, how to improve talent certification, what’s needed from science fiction, and his three new ideas for board games.
COWEN: If we think of Peter Thiel and Elon Musk, they could arguably, by the standards of many people, be called weird. I’ve reviewed all the books you’ve written and a lot of your public talks. I can’t recall you saying a single thing that’s outrageous in any way whatsoever. Why aren’t you weirder?
HOFFMAN: [laughs] Maybe I mask it better. That’s my Straussian element, that I hide my weirdness. I would say that a little bit of it comes down to a theory about what is the right way of evolving discourse.
I think I probably do have a variety of views that people would think is weird. I, for example, think of myself as a mystical atheist, which is neither the full atheist category nor any religious category, but some blend in the middle. Or the fact that I actually think that the notion of capitalism is one of the world’s leading interesting technologies, but it’s not a particularly good philosophy, and you’d think that’s odd for an entrepreneur or an investor, and so forth.
So I have areas where I would say groups of people would think I’m weird. I may not highlight it because I tend to always speak in a way to, how do I think I help us make the most progress? And I would only say the weird things if I thought that was the thing that would result from that.
COWEN: So there are weird things that are in your mind?
HOFFMAN: Yes, yeah.
COWEN: How did your interest in the late Wittgenstein influence the construction and design of LinkedIn? I’m sure they ask you this all the time in interviews.
HOFFMAN: [laughs] All the time. The question I’ve always been expecting. I would say that the notion of thinking about — a central part of later Wittgenstein is to think that we play language games, that the way that we form identity and community, both of ourselves and as individuals, is the way that we discourse and the way that we see each other and the way that we elaborate language.
That pattern of which ways we communicate with each other, what’s the channel we do, and what’s the environment that we’re in comes from insights from — including later Wittgenstein, who I think was one of the best modern philosophers in thinking about how language is core to the people that we are and that we become.
COWEN: What else from philosophy influenced the construction and design of LinkedIn?
Recommended. For help in arranging this Conversation I am very much indebted to Ben Casnocha.
Of the 69 rulers of the unified Roman Empire, from Augustus (d. 14 CE) to Theodosius (d. 395 CE), 62% suffered violent death. This has been known for a while, if not quantitatively at least qualitatively. What is not known, however, and has never been examined is the time-to-violent-death of Roman emperors…
Nonparametric and parametric results show that: (i) emperors faced a significantly high risk of violent death in the first year of their rule, which is reminiscent of infant mortality in reliability engineering; (ii) their risk of violent death further increased after 12 years, which is reminiscent of wear-out period in reliability engineering; (iii) their failure rate displayed a bathtub-like curve, similar to that of a host of mechanical engineering items and electronic components. Results also showed that the stochastic process underlying the violent deaths of emperors is remarkably well captured by a (mixture) Weibull distribution.
How will China transform its economy from middle income to high income country in the coming decades? While economists spend large amounts of time studying debt and demographic challenges, I will take a wider approach to the structural challenges facing China needing to remake society from a middle income to income country.
I consider Chris to be one of the least-heralded very influential people. Perhaps more than anyone else, he has brought many American elites around to a more hawkish view of China.