As I continue to do Conversations with Tyler, more people ask me about “the Tyler Cowen production function.” Well, here is one piece of it I don’t think I’ve written about or talked about before. I’m going to bring you there in slightly long-winded fashion, long-winded for a blog post that is.
I’ve long been convinced that “matters of culture” are central for understanding economic growth, but I’m also painfully aware these theories tend to lack rigor and even trying to define culture can waste people’s time for hours, with no satisfactory resolution.
So I thought I would tackle this problem sideways. I figured the best way to understand culture was to try to understand or “crack” as many cultural codes as possible. As many styles of art. As many kinds of music. As many complex novels, and complex classic books, and of course as many economic models as well. Religions, and religious books. Anthropological understandings. I also learned two languages in my adult years, German and Spanish (the former better than the latter). A bit later I realized that figuring out how an economic sector works — if only partially — was really not so different from cracking these other cultural codes. For instance, once I spent three days on a boat (as keynote speaker), exclusively with people from a particular segment of the shipping trade. It was like entering a whole new world and every moment of it was fascinating.
Eventually it seemed to me that problems of management were themselves a kind of cultural code, each one different of course.
And travel was the most potent form of this challenge, every new place a new culture to be unraveled and partially understood, and how much time was there to do that anyway?
It is very time-consuming — years-consuming — to invest in this skill of culture code cracking. But I have found it highly useful, most of all for various practical ventures and also for dealing with people, and for trying to understand diverse points of view and also for trying to pass intellectual Turing tests.
I am not recommending this you at any particular margin, or at the margin I have invested in. But if you ask me about the Tyler Cowen production function, every now and then I will tell you.
Addendum: It occurs to me that the number and diversity of cultural codes is increasing much faster than the ability of any individual to track them, much less master them. In this regard, an understanding of matters cultural is always receding from us.
A peckish parrot has been caught ordering strawberries, a watermelon and even a water boiler through his foster owner’s electronic personal assistant.
Rocco, an African Grey, requested the items through an Alexa device while his minder was out of the home. Luckily, due to a parental lock, none of his attempted purchases went through.
Rocco, who lives with Marion Wischnewski in Berkshire, U.K., has attempted to order everything from kites and lightbulbs through Alexa since moving to her home. He also gets the device to tell him jokes and play his favorite tunes.
“I’ve come home before and he has romantic music playing,” Wischnewski told The Times of London. “He loves to dance and has the sweetest personality.”
Ever since I was a young teenager I loved Tom Lehrer (thanks to Ken Regan, by the way), and I thought I would re-listen to some fresh. I tried the Copenhagen concert, a good overview of his work and with good visuals. I was struck by the following:
1. Lehrer represented the IDW of his day. He said (sang) things others couldn’t, and his main enemy or target was political correctness. It surprised me to hear how little many of the battle lines have changed. Yet Lehrer, while warring against hypocritical political discourse, was in his day on the Left. (Shades of Eric Weinstein!) He worried about the “decline of the liberal consensus,” following the Kennedy era. In 1982 he wrote that he considered feminism, abortion, and affirmative action “more complicated” than the older liberal causes, so perhaps he simply did not blend into the contemporary Left (the piece is interesting more generally).
2. Lehrer’s songs (repeatedly) indicate he saw nuclear weapons and nuclear proliferation as a major problem; in that regard his time probably was wiser than ours.
3. He is very interested in language and the question of how words are used in the public sphere, and how words are used to obfuscate. Might that be the central theme in his thought?
4. He often sneaks China into the cultural references, for instance: “And I’m learning Chinese, says Werner von Braun.” He seems to think it is a much more important country than Russia, although this concert was from 1967 and often was drawing on songs which were older yet.
5. He is much more interested in math and science than current comedians, for instance his “Elements” is a classic [22:54], and redone here with an Aristotle coda, mocking The Philosopher. His audience seems to take this interest in stride. This song is yet another example of inverting what should be said, or not.
6. Yes I know the tunes sound derivative, but most of them are original. And as music…they’re a lot catchier than most of the other musical theatre of his time and I think of many of them as minor classics. I still enjoy hearing them as music. And other than Sondheim and Dylan, how many better American lyricists were there?
7. When he wants to get really gory, he doubles down on mock sadism (“Poisoning Pigeons in the Park”: “…we’ll murder them all with laughter and merriment…except for the few we take home to experiment…”). He once said: “If, after hearing my songs, just one human being is inspired to say something nasty to a friend, or perhaps to strike a loved one, it will all have been worth the while.”
It would be hard to pull this off today. Yet, when I listen to Lehrer, perhaps because I know the historical context, I am not offended. Plus he is flat-out funny. He cited losing his “nasty edge,” and starting to see things in shades of grey, as one reason for what appeared to be a quite premature retirement.
8. He wore a white shirt and his tie was tightly knotted.
9. He’s one of America’s great comics, and the material is idea-rich to a remarkable extent. He hardly ever sung about social themes or person-to-person social interactions.
10. Many of the songs of his that you never hear are in fact commentaries on various folk song movements. Circa 2018, few can understand their references, but they do showcase Lehrer’s extreme idealism.
11. He was at first a math prodigy and later in the mid-1950s, as a draftee, crunched numbers for the NSA. He remains alive and turned 90 earlier this year.
The two CDs I enjoyed the most this year were both sound worlds, and silences, from the distant past:
Brian Eno, Another Green World, and
van Morrison, Astral Weeks, fifty year anniversary for that one, and I hadn’t realized how closely the lyrics were tied to details of Belfast. Next up will be the quieter cuts on Electric Ladyland.
The Beatles’s White Album tapes were a revelation, but it is enough to hear them once or twice. I learned that the album was remarkably well-produced, no less than Sgt. Pepper, to get that under-produced sound. “I Will” came directly from “Blue Moon” (!), and “Blackbird” came from Bach’s Bourree (less surprising). Classic Beatle songs such as “Let It Be” and “Hey Jude” and many others were basically written by 1968, making 1966-68 a truly remarkable period in their songwriting output. “While My Guitar Gently Weeps” was better in its early acoustic version. Some of my best Beatles listening was to track down their most Cage-Stockhausen-influenced passages, such as Paul’s acoustic fade-out at the end of “You Never Give Me Your Money,” or the instrumental close of “Strawberry Fields Forever.”
Paul’s new album Egypt Station does not have much ear candy, but it does reveal his longstanding status as a very horny dude; listen to his much earlier Temporary Secretary for something unacceptably obscene (and creative). Then go back and re-listen to his early Beatle lyrics through this lens. The best argument for LSD I’ve heard is simply that it got Paul to stop singing about girls for a few years, so it must be pretty powerful.
I got sick of hip-hop this year, so of the new releases I’ve been most intrigued by:
Lush, Snail Mail (at least three excellent songs)
Low, Double Negative
Mitski, Be the Cowboy
But it is too early to judge their staying power. Sitting in the “I still haven’t listened to this yet pile” is:
Aphex Twin, Collapse EP (too many other CDs piled on top of the record player!)
Autechre, NTS Sessions, an 8-CD set.
Self-recommending is Desmond Dekker: Action!/Intensified
What do you all recommend?
Here is the audio and transcript, Paul was in top form and open throughout. Yes economic growth, blah blah blah, but we covered many related topics too:
COWEN: And you also think we should simplify the English language. Right?
ROMER: [laughs] Well, there’s two parts to that. One is, in writing and communication, there should be a very high priority on clarity. It’s hard to know what’s the mechanism that enforces that. There are variants on English, like the English used to write the manuals people use to service airplanes, where there’s a very restricted vocabulary. The words are chosen so that you can’t have any ambiguity because you don’t want somebody servicing a plane to get confused. So there are some things you could do on writing, word choice, vocabulary, exposition.
There’s a separate issue, which is that amongst the modern languages, English has the worst orthography, the worst mapping between spelling and sounds of any of the existing languages. And it’s a tragedy because English is becoming the universal second language.
The incidence of people who don’t learn to read is substantially higher in English than in other languages. People have known for a long time, it takes longer to learn to read in English because of the bad orthography. But what hasn’t gotten enough attention is that there’s an effect on the variance as well. There are more people who never get over this hurdle to actually learning to read.
If there were a way to do in English what they’ve done in other languages, which is to clean up the orthography, that could make a huge difference in the variation associated with whether or not people can learn to read English.
COWEN: Can a charter city work if we import good laws from the outside world but not the appropriate matching culture?
ROMER: You’ve zeroed right in on the connection. The real motivation that I had for charter cities was exactly this one that you can see in the US versus New Zealand. You can think of a charter city exercise . . .
This is actually the story of Maryland: We’re going to create laws, and we’re going to guarantee freedom of religion in Maryland, and it’s in the laws; it’s in the institution somehow. That didn’t turn out very well. Maryland had a Catholic elite but then large numbers of Protestant indentured servants or workers. And this kind of commitment to freedom of religion was not stable in Maryland at all.
The case that’s worth trying to copy is Pennsylvania, where William Penn recruited large numbers of people who actually believed in freedom of religion. The word charter comes from the charter that Penn wrote for Pennsylvania, but it wasn’t the document that mattered. What mattered was that there were a bunch of people in the founding population who were committed to this idea of a separation of church and state and religious freedom. And that’s what made it durable in Pennsylvania in a way it wasn’t in Maryland.
ROMER: …Moses was of this generation that was too enamored of the car, and this is where I think Jacobs had a better intuition. But the challenge, the dichotomy I would pose would be Jane Jacobs versus Gouverneur Morris.
Morris was the guy who drew the grid that laid out the rectangular street map for Manhattan.
We also discussed music, including Hot Tuna, Clarence White, and Paul’s favorite novel, dyslexia, what Paul has learned about management, and much more. Self-recommending, if there ever was such a thing.
Fanfare is the best outlet for classic music reviews I know, and each year I avidly scour the critics’ Want Lists. These are the items that showed up more than once:
Kyle Gann, Hyperchromatica, “…an extended set of movements…scores for three retuned mechanics pianos…The music draws together every facet of Gann’s style and life-long musical interests: rhythmic complexity, microtonality, extended “tonal” harmonies and voice leading, post-Minimalist surfaces, and more. The result is a tremendous mix of sheer enjoyment coupled with extremely sophisticated compositional craft.” (Carson Cooman).
Hector Berlioz, Les Troyens, conducted by John Nelson.
Murray Perahia, Beethoven, Hammerklavier Sonata/Moonlight Sonata.
John Adams, Doctor Atomic, 2018 recording.
While I can recommend those strongly (I haven’t heard the Adams yet, but didn’t like the earlier recording), my own recommendations would be:
Paul Lewis, Joseph Haydn, Piano Sonatas 32, 40, 49, 50.
Soon I will be having a Conversation with my esteemed colleague John V. Nye, one of the smartest people I know. John is an economic historian but also a polymath with broad-ranging interests, including travel, classical music, chess, education, “institutions,” Asian food, the Philippines (his home country), and much more.
So what should I ask him?
A few days ago, a few of you thought I was dumping on Memphis. I did say the city is not an economic development success story, but it is perhaps my favorite place to visit in the American South. It has the best musical traditions, for instance generating Jerry Lee Lewis, Elvis, Carl Perkins, and Johnny Cash, all at more or less the same time, with many others later including Lonnie Mack, Isaac Hayes, and Booker T. It is one of the classic barbecue cities, most of all for ribs. Beale Street remains a wonderful place to hear music, as it is not nearly as ruined by tourists as Broadway in Nashville or Bourbon Street in New Orleans. It is also one of the American cities most likely to look as if it is still 1963, or is that 1957? Finally, Memphis is the starting off point for a drive down Highway 61 into the heartland of the Mississippi Delta, one of the essential American journeys and yes you still can hear rural blues music there.
If you have never done a three-day Memphis trip, I would strongly urge this upon you.
From Martin Connor, here is a list of seven mechanisms, you can read the explanations at the link:
1. Streamings’ Data Collection Makes Songs Simpler
2. Streaming Sites’ Social Media Makes Songs Confessional
3. Small Streaming Profits Make Songs Shorter
4. Streaming’s Customizability Makes Songs Built To Order
5. Content Digitization Makes Songs More Diverse [TC: does that contradict some of the other general claims?]
6. Free Content Makes Songs More Collaborative [TC: and here’s the explanation for this one:]
Artistic competition is so fierce nowadays that artists need to constantly release music. One way to do this is to make songs shorter and simpler; another way is to get a producer to make the beat, a singer to make the chorus, and another rapper for the second verse. This leads to Migos member Offset, DJ Khaled, Justin Bieber, Chance The Rapper, and Lil Wayne all appearing on the same 2017 song, “I’m The One.” It also means that fans start to see credits like those from Cardi B’s new album “Invasion of Privacy”. The 13 tracks on the album features 104 total writing credits, meaning 8 people per track. Its single “Be Careful” has 17 alone.
7. Video’s Increasing Dominance Makes Songs Into Soundtracks
Via the excellent Samir Varma.
[Paul] McCartney was still wrestling with the comparison between the two bands [the Beatles and Wings]. A few months earlier he had commissioned veteran sci-fi author Isaac Asimov to write a screenplay. “He had the basic idea for the fantasy, which involved two sets of musical groups,” Asimov recalled, “a real one, and a group of extraterrestrial imposters. The real one would be in pursuit of the imposters and would eventually defeat them, despite the fact that the latter had supernormal powers.” Beyond that framework, McCartney offered Asimov nothing more than “a snatch of dialogue describing the moment when the group realised they were being victimised by imposters.” Asimov set to work and produced a screenplay that he called “suspenseful, realistic and moving.” But McCartney rejected it. As Asimov recalled, “He went back to his one scrap of dialogue out of which he apparently couldn’t move.”
That is from Peter Doggett’s excellent You Never Give Me Your Money: The Beatles After the Breakup.
I am surprised this work is not better known. A literary diary of a Romanian Jew, it captures the beauties of European high culture during the pre-war thirties, most of all classical music and early 20th century literature, but also the only slighter later descent into madness. It’s his friends and fellow intellectuals who turn on him the most. I don’t know a better source for capturing the sense of surprise and then foreboding that people must have felt as Hitler racked up one victory after another.
In late 1944, after the course of the war had reversed, Sebastian wrote:
I am not willing to be disappointed. I don’t accept that I have any such right. The Germans and Hitlerism have croaked. That’s enough.
I always knew deep down that I’d happily have died to bring Germany’s collapse a fraction of an inch closer. Germany has collapsed — and I am alive. What more can I ask? So many have died without seeing the beast perish with their own eyes! We who remain alive have had that immense good fortune.
Miraculously, Sebastian survived the Holocaust and was never deported to the camps. On 29 May 1945, however, he was hit and killed by a truck in downtown Bucharest, while walking on his way to teach class.
The manager of Dire Straits earned a percentage of their royalties and he’s selling a big chunk of it to the public. For $3,970–a little cheaper if you buy in bulk–you can get 1/925 of an asset which has been paying around $296,992 per year over the last year for an annual return of about 8%* (corrected from earlier)–that’s pretty good and the prospectus argues that growth in streaming and a forthcoming Mark Knopfler tour will increase royalties.
I think it would be pretty cool to hear Sultans of Swing on the radio and shout “turn it up!” because you knew were earning but only accredited investors need apply. In related news Matt Levine has an excellent piece on accredited investor rules and his alternative:
- Anyone can also invest in any other dumb investment; you just have to go to the local office of the SEC and get a Certificate of Dumb Investment. (Anyone who sells dumb non-approved investments without requiring this certificate from buyers goes to prison.)
- To get that certificate, you sign a form. The form is one page with a lot of white space. It says in very large letters: “I want to buy a dumb investment. I understand that the person selling it will almost certainly steal all my money, and that I would almost certainly be better off just buying index funds, but I want to do this dumb thing anyway. I agree that I will never, under any circumstances, complain to anyone when this investment inevitably goes wrong. I understand that violating this agreement is a felony.”
- Then you take the form to an SEC employee, who slaps you hard across the face and says “really???” And if you reply “yes really” then she gives you the certificate.
- Then you bring the certificate to the seller and you can buy whatever dumb thing he is selling.
Here is the transcript and audio, definitely recommended. Here is part of the summary:
She and Tyler explore her ideas about the stifling effect of political correctness and more, including why its dominant form may come from the political right, how higher education got screwed up, strands of thought favored by the Internet and Youtube, overrated and underrated Australian cities, Aussie blokes, and more.
Here is an excerpt:
COWEN: When did political correctness become a major issue, or become a major issue again? And why do you think it happened exactly then?
LEHMANN: That’s a good question, and I don’t know if I have the answer. I know that there were lots of debates around political correctness in the early ’90s, for example.
COWEN: Yes, and it seems to fade away and then come back.
I’ve noticed in my own life that I started noticing political correctness around 2007. At the time, I thought it had something to do with the business model of Internet publishing.
That was when Gawker and the blog Jezebel was really popular. It was established in 2007, and then it got very popular over the next couple of years. I thought that there were a lot of clickbait kind of articles promoting these really simplistic black-and-white narratives of oppression.
Unless one had reasonable critical thinking skills, I could see how young people could be influenced by that kind of content coming out. I think there’s something to do with the Internet and the way the media has had to adapt to this new business model where you have to drive . . . You have to get lots of views, lots of hits, millions more than you would with the newspapers.
I think it’s something to do with that, but that’s probably just one variable in many other factors.
COWEN: What do you think of the hypothesis that political correctness is a kind of virus that’s hijacked the left? It’s figured out some kind of weak entry point, and it’s come in and taken over parts of it, and it will bring down many victims with it, but actually, it’s crippling the left.
LEHMANN: Yep, yeah.
COWEN: True or false?
LEHMANN: Probably true.
COWEN: If one objects to that argument, we should in a sense encourage more of it, at least if we’re being pure utilitarians, or not?
COWEN: Probably in the media? In general, intellectual life, but if you take, say, the United States as a whole, do you think it’s left-wing or right-wing political correctness that’s stronger and more destructive?
LEHMANN: Yeah, it’s probably right-wing political correctness.
A question from me:
COWEN: I’ve been speaking about the right in aggregate terms, but if you think of the effect of the Internet, which strands of the right do you think are favored, and which do you think are falling away because of Internet discourse? Because it shouldn’t favor it all equally, correct?
We also cover Australia vs. New Zealand, the masculine ethos of Australia and its origins, why PC is different in Australia, the movie Lantana (which we both strongly recommend), and yes Australian fashion.