Category: Uncategorized

There is no great stagnation, refitted tuk-tuk edition

An Essex man has said he is “over the moon” after setting a new tuk-tuk land speed record, having purchased the three-wheeled Thai vehicle during a “boozy night on eBay”.

Over the course of two laps, Matt Everard reached a speed of 74.306mph (119.583km/h) after being set a target of 68.35mph (110km/h) by Guinness World Records.

Everard, 46, a freight firm boss from Billericay, drove the 1971 Bangkok taxi on Monday at the Elvington airfield in North Yorkshire, with his cousin, Russell Shearman, 49, as his backseat passenger.

Everard, a father of two, has spent more than £20,000 improving the vehicle after buying it from a seller in Bolton in 2017, saying he has worked on “every nut, bolt and bearing”.

Here is the full story, via Michelle Dawson.

Tuesday assorted links

1. Russ Roberts video on the distribution of the gains from economic growth.  Essay version here.

2. Josh Barro on the incidence of tariffs on Chinese intermediate products.

3. John Cochrane on Free Solo, progress in rock climbing, and economic growth.

4. My *Big Business* podcast with James Pethokoukis.

5. Will California deregulate roadkill consumption?

6. MIE: A Theory of Justice: The Musical.

7. Caravana de mujeres (article in English, however).

Monday assorted links

1. List and ranking of economics blogs.

2. Dating in South Korea.

3. “Alex is a 43-year-old San Franciscan who works in the financial sector. He also eagerly eats uneaten and untouched leftover food off of plates if he spots it out in the open at a public dining establishment, even if it’s off a stranger’s plate…I’m very much a Libertarian and I kind of let people do whatever they want.”  Link here, hilarious throughout.

4. A short take on progress in Bangladesh.

5. Multinational offshoring was behind much of employment deindustrialization.

6. Pay transparency in Canada led to lower academic salaries.  And a smaller gender gap in salaries.

We’re a Niche, We Just Didn’t Know

That is the new Medium essay by Anna Gát, it is the best attempt I know of to formulate a “new ideology” of sorts, or maybe a new manifesto, but also a post-political one.  Here are a few scattered bits:

Let’s imagine the I.I. [Inter-Intellect] as a loose-knit on/offline niche of people with similar mental energy: we seem to have roughly the same companion + kindness + information needs, activity levels and communication preferences…

We seem to prioritize open discussion and collaboration across differences, and establishing projects that can address real-world questions better…

We believe individuals are capable of acting virtuously without external intervention and judging the consequences of their own actions, and that open discussion of our life plans, decisions or progress can inspire others.

“Example over slogans” is the tldr…

Being conscious of this, the I.I. is age-agnostic and instead problem/progress focused.

Interesting throughout.

Sunday assorted links

1. An estimate of SB 50 impacts.

2. Why books don’t work, and why lectures don’t work.  Recommended.

3. China is cracking down on Hayekian economists.

4. Danielle Steel’s productivity advice: she averages seven books a year.  And she had nine children.

5. “Chinese consumers for the first time last year bought more Cadillacs than Americans did, helping drive profits at General Motors. And though the designs for those Cadillacs may have been drafted in Detroit, nearly all of the luxury automobiles were assembled in China by some of GM’s nearly 60,000 local workers.”  Link here.

6. Puffin picture.

7. “Really though who doesn’t want to watch the Air New Zealand safety video?

Roissy has been deplatformed

Or so I hear, and Google doesn’t bring it up either, not even the shut down version.

I worry about deplatforming much less than many of you do.  I remember the “good old days,” when even an anodyne blog such as Marginal Revolution, had it existed, had no platform whatsoever.  All of a sudden millions of new niches were available, and many of us moved into those spaces.

In recent times, a number of the major tech companies have dumped some contributors, due to a mix of customer and employee protest.  So we have gained say 99 instead of say 100, and of course I am personally happy to see many of the deplatformed sites go, or move to other carriers.  Most of the deplatformed sites, of course, I am not familiar with at all, but that is endogenous.  I would say don’t overreact to the endowment effect of having, for a while, felt one had literally everything.  You never did.  You still have way, way more than you did in the recent past.

You might be worried that, because of deplatforming, the remaining sites and writers and YouTube posters have to “walk the line” more than ideally would be the case.  That to me is a genuine concern, but still let’s be comparative.  Did you ever try to crack the New York publishing scene in the 1990s, or submit an Op-Ed to the New York Times before the internet was “a thing”?  Now that was deplatforming, and most of it was due to the size of the slush pile rather than to evil intentions, though undoubtedly there was bias in both settings.

Another “deplatforming” came with the shift to mobile, which vastly favored some websites (e.g., Facebook) over many of the more idiosyncratic competitors, including many blogs (MR has done just fine, I should add).

Developments such as VR, AR, 5G — or whatever — will reshuffle the deck further yet.  There will be big winners, many of which are not yet on the scene, and some considerable carnage on the downside.  Maybe you won’t be forced off, but many of you will find it worthwhile to quit rather than adapt.

There still has never, ever been a better time to be a writer.  What bugs people about deplatforming is the explicitness and potential unfairness of the decision.  It’s like prom selection time, where there is no escaping the fact that the observed choices, at least once they get past the algorithms and are reviewed by the companies, reflect very conscious decisions to bestow and to take away.  We have painful intuitions about such rank orderings…still, we are better served by the objective facts about today’s diversity and opportunity compared to that of the past.

I thank a loyal MR reader for the initial pointer.

U.S.A. historical facts of the day

In 1820-1821, commerce between America and Haiti accounted for 4 percent of America’s foreign trade.

“Historians agree that about one in ten slave ships experienced an attempted insurrection during the Atlantic slave trade.”

And:

“Liability for slave ship revolts was one of the maritime perils that underwriters often refused to assume.”

Those are all from Jeffrey R. Kerr-Ritchie’s Rebellious Passage: The Creole Revolt and America’s Coastal Slave Trade.

Saturday assorted links

1. The tyranny of ideas.

2. Does psychedelic therapy work?  And psychedelics, and prizes.

3. Speculative: “These findings provide preliminary evidence that a propensity to exhibit the sunk cost bias may be an important feature associated with cannabis use.

4. Knausgaard’s secular confession.

5. “Still, while Ms. Sorokin made excuses for her actions, she did not apologize for her character: “I’m not a good person.”” (NYT)

How upset are the Brits really?

There has been lots of talk lately (including by me) about how unhappy and divided the UK is. The vote for Brexit is often described as a cry of pain from suffering people.

So I was stunned to see the chart reprinted below, which comes from the independent Resolution Foundation think-tank and shows that self-reported British life satisfaction is the highest since surveys began in the 1970s. About 93 per cent of Britons now say they are “fairly” or “very” satisfied with their lives.

Resolution reports “a very marked upward drift” since 2000, despite stagnating satisfaction during the financial crisis and since the referendum. Academic experts tell me they believe these findings. Nancy Hey, director of the What Works Centre for Wellbeing, says that, contrary to Britain’s doom-ridden national debate: “For most people, things have been getting gently better.”

Here is more from Simon Kuper at the FT, via Yana.  In management, it strikes me as an interesting and underexplored question to what extent people, when things are going relatively well, turn on each other, or not.

Thursday assorted links

1. Left-wing critique of the Green New Deal.

2. TV show about North Korean defector beauties (NYT, recommended).

3. China/Moldova fact of the day: “World alcohol consumption on the rise as China’s thirst grows. Chinese will surpass the US for per capita intake by 2030, research shows, but Moldova claims top spot for now.”

4. Is Belt and Road a big, dysfunctional mistake?

5. What happened to Indian demonetization?

My Conversation with Karl Ove Knausgaard

Here is the audio and transcript, this was one of my favorite Conversations. Here is the CWTeam summary:

Knausgård’s literary freedom paves the way for this conversation with Tyler, which starts with a discussion of mimesis and ends with an explanation of why we live in the world of Munch’s The Scream. Along the way there is much more, including what he learned from reading Ingmar Bergman’s workbooks, the worst thing about living in London, how having children increased his productivity, whether he sees himself in a pietistic tradition, thoughts on Bible stories, angels, Knut Hamsun, Elena Ferrante, the best short story (“Tlön, Uqbar, Orbis Tertius”), the best poet (Paul Celan), the best movie (Scenes from a Marriage), and what his punctual arrival says about his attachment to bourgeois values.

Here is one excerpt:

KNAUSGÅRD: You have this almost archetypical artist putting his art before his children, before his family, before everything. You have also Doris Lessing who did the same — abandoned her children to move to London to write.

I’ve been kind of confronted with that as a writer, and I think everyone does because writing is so time consuming and so demanding. When I got children, I had this idea that writing was a solitary thing. I could go out to small islands in the sea. I could go to lighthouses, live there, try to write in complete . . . be completely solitary and alone. When I got children, that was an obstruction for my writing, I thought.

But it wasn’t. It was the other way around. I’ve never written as much as I have after I got the children, after I started to write at home, after I kind of established writing in the middle of life. It was crawling with life everywhere. And what happened was that writing became less important. It became less precious. It became more ordinary. It became less religious or less sacred.

It became something ordinary, and that was incredibly important for me because that was eventually where I wanted to go — into the ordinary and mundane, even, and try to connect to what was going on in life. Life isn’t sacred. Life isn’t uplifted. It is ordinary and boring and all the things, we know.

And:

COWEN: So many great Norwegian writers — Ibsen, Sigrid Undset, Knut Hamsun — there’s nationalism in their work. Yet today, liberals tend to think of nationalism as an unspeakable evil of sorts. How do we square this with the evolution of Norwegian writing?

And if one thinks of your own career, arguably it’s your extreme popularity in Norway at first that drove your later fame. What’s the connection of your own work to Norwegian nationalism? Are you the first non-nationalist great Norwegian writer? Is that plausible? Or is there some deeper connection?

KNAUSGÅRD: I think so much writing is done out of a feeling of not belonging. If you read Knut Hamsun, he was a Nazi. I mean, he was a full-blooded Nazi. We have to be honest about that.

COWEN: His best book might be his Nazi book, right? He wrote it when he was what, 90?

KNAUSGÅRD: Yeah.

COWEN: On Overgrown Paths?

KNAUSGÅRD: Yeah.

COWEN: To me, it’s much more interesting than the novels, which are a kind of artifice that hasn’t aged so well.

KNAUSGÅRD: Yeah.

COWEN: But you read On Overgrown Paths, you feel like you’re there. It’s about self-deception.

KNAUSGÅRD: It’s true, it’s a wonderful book. But I think Hamsun’s theme, his subject, is rootlessness. In a very rooted society, in a rural society, in a family-orientated society like Norway has been — a small society — he was a very rootless, very urban writer.

He went to America, and he hated America, but he was America. He had that in him. He was there in the late 19th century, and he wrote a book about it, which is a terrible book, but still, he was there, and he had that modernity in him.

He never wrote about his parents. Never wrote about where he came from. All his characters just appear, and then something happens with them, but there’s no past. I found that incredibly intriguing just because he became the Nazi. He became the farmer. He became the one who sang the song about the growth. What do you call it? Markens Grøde.

COWEN: Growth of the Soil.

And:

COWEN: Arnold Weinstein has a book on Nordic culture, and he argues that the sacrifice of the child is a recurring theme. It’s in Kierkegaard’s Fear and Trembling. It’s in a number of Ibsen plays, Bergman movies. Has that influenced you? Or are you a rejection of that? Are you like Edvard Munch, but with children, and that’s the big difference between you and Munch, the painter?

I told you we ask different questions.

KNAUSGÅRD: Yeah, yeah. You just said different. You didn’t say difficult.

Knausgaard showed up for the taping carrying a package of black bread, which he forgot to take with him when leaving.  So for the rest of the day, I enjoyed his black bread…

Tuesday assorted links

1. Can good charter schools be replicated?

2. Bryan Caplan on why people are suspicious of big business.

3. Why rich convicts hire prison consultants.

4. Texas business and discrimination.

5. My podcast for Technology Policy Institute on *Big Business: A Love Letter to an American Anti-Hero*.

6. Is Queen richer than the Queen?

7. Paul Romer’s proposal for a tax on big tech (NYT).  And his associated FAQ.  But are digital ads the core problem?  Or is it the existence of communications media where virtually everything can be said and published, with or without the ads?