Category: Web/Tech
Assorted links
1. Boston Globe story about Peter Leeson.
2. Seth Godin weighs in on Gladwell vs. Anderson.
4. The macroeconomics of Australia, with a poke at Kiwis at the end.
Ben Casnocha reviews *Create Your Own Economy*
I am delighted with the review, which is more like a review essay, with many interesting observations on internet culture as well as on the book. The essay title is "RSSted Development." Excerpt:
…the intellectual and emotional
stimulation we experience by assembling a custom stream of bits. Cowen
refers to this process as the “daily self-assembly of synthetic
experiences.” My inputs appear a chaotic jumble of scattered
information but to me they touch all my interest points. When I consume
them as a blend, I see all-important connections between the different
intellectual narratives I follow a business idea (entrepreneurship) in the airplane space (travel), for example. Because building the blend is a social exercise real communities and friendships form around certain topics my
social life and intellectual life intersect more intensely than before.
And I engage in ongoing self-discovery by reflecting upon my interests,
finding new bits to add to my stream, and thinking about how it all
fits together.
Cowen maintains that these benefits enhance your internal
mental existence; how you order information in your head and how you
use this information to conceive of your identity and life aspirations
affects your internal well-being. Because a personal blend reflects a
diverse set of media (think hyper-specific niche news outlets in lieu
of a nightly news broadcast that everyone watches on one of three
networks), and because each person constructs their own stories to link
their inputs together, the benefits are unique to the individual. They
are also invisible. It is impossible to see what stories someone is
crafting internally to make sense of their stream; it is impossible to
appreciate the personal coherence of it.
The way the benefits of info consumption
habits accrue privately but are perceived publicly approximates
romance, Cowen adds. Compare a long-distance relationship to a
proximate one. In a long-distance relationship, you have infrequent but
very high peaks when you see each other. Friends see you run off for
fancy getaway weekends when the sweetheart comes to town. Yet
day-to-day it is not very satisfying. In a marriage by contrast you
have frequent, bite-size, mundane interactions which rarely hit peaks
or valleys of intensity. The happiness research that asserts married
couples are happier than non-married ones and especially happier than
couples dating long-distance is not always self-evident. Outsiders see
the inevitable frustrations and flare-ups that mark even stable
marriages. What they cannot see is the interior satisfaction that the
couple derives by weaving together these mundane moments into a
relationship rich in meaning and depth, and in writing a shared life
narrative that is all their own.
After reading the essay, I wonder how many blogs Ben has in his RSS feed…
Assorted links
1. Transcapitalist blog, by Melody Hildebrandt and Anita Gardeva.
2. The impunity game: rejecting free money out of anger.
4. Are bubbles welfare-improving?
5. Is the traditional theory of consumer behavior sometimes *correct*?
Assorted links
1. Review of North, Wallis, and Weingast.
2. Sunstein nomination still being held up for animal welfare issues.
3. Big subsidies for GE Capital; hey, they're not a bank!
4. Global warming graphs and analysis.
5. History of home ownership subsidies.
6. New economics journal, edited by Kenneth Arrow.
Assorted links
1. Does Kindle help you concentrate?
2. Do the English age mentally [what's the right term here?] more rapidly? Compared to Americans, one study found a decade's worth of difference.
3. Temperature trends. And one look at consequences.
4. Review of Virtuality (full of spoilers, but better than never knowing at all).
Assorted links
1. China theory of the day: The Chinese save so much to compete for mates. Should I believe it?
2. Paying interest on reserves, and why it should be easy to disarm future inflationary pressures. Do I believe it? (Brad DeLong comments.)
3. Markets in everything: pirate hunting cruises; should I believe it?
4. Stores are cutting back on variety; I believe it.
Assorted links
Markets in everything
http://www.facebook.com/jeffholton?ref=nf
Jeffrey Holton
seriously, yes, I will ghost-write status messages for $1 per message.
And yes, I'll make them interesting. I'll even give you a set of 12 for
$10. Let me know if you're interested, and you have a working PayPal
account. I can't promise they'll be TRUE, but they will be INTERESTING!
:)7 hours ago
I thank John Bailey for the pointer.
Assorted links
1. Why teenagers read better than you.
2. EconomicperspectivesfromKansasCity, a new blog, with an influence from Hyman Minsky.
3. Timelines for the crisis, from the New York Fed.
My *Fast Company* article, and no Google is not making us stupid
It is an adaptation of one part of Create Your Own economy; excerpt:
It's a common complaint that the Web makes us more impatient, but most
of us use it to track (or create) long-running stories and debates.
I've been following the career of folk-rock star Roger McGuinn for more
than 30 years, and now I use the Web for that. If anything, the essence
of Web life is that we are impatient to discover the next installment
in our planned programs of very patient long-term interest. That's a
kind of impatience we can be proud of, just as a mother might be
impatient to receive a call from her teenage daughter away at college.
It's a sign of caring and commitment, not superficiality.
Here is the link and full article.
Assorted links
1. Criticisms of the median voter theorem.
2. Tim Harford on *Create Your Own Economy*.
3. Taiwan starts to legalize prostitution.
4. Is there discrimination against female playwrights? There is a new economics study and you can read more here. I cannot find a link to the original research. Update: found here.
Kindle and DRM and Netflix too
After reading this post, I realize I don't understand my status quo DRM rights with Kindle. That's not a good sign. I did notice this sentence, which I didn't feel the need to parse any further:
Here is the major problem with this scenario.
As a reader, I find it good policy to keep the number of books on my Kindle to below twenty. That forces me to read the ones I order and it also protects me from "stranded" consumer durables. Uncertainty and confusion about my rights only strengthens my desire to keep that policy.
As a writer, I expect the Kindle is temporarily in my financial self-interest, as it gets more "influentials" reading my work and perhaps talking it up. In the longer run I suspect it means a lower equilibrium price for books. One question is whether publishers use "sticky" or inconvenient DRM practices as an implicit collusive method for limiting the spread of Kindle.
Today I was struck by this passage about the origins of Netflix:
Netflix's selection of more than 100,000 DVD rental titles is made possible by the "first-sale doctrine" of U.S. copyright law, which permits buyers of DVDs to lend them out without studios' consent.
In Netflix's early days, its buying team would sometimes purchase DVDs at local Wal-Marts or Best Buys if it couldn't get copies through studios, says Ted Sarandos, Netflix's chief content officer.
In contrast, to deliver movies and television shows over the Internet, Netflix has to license them from studios. So far, it has gotten only about 12,000 titles, a hodgepodge of older films such as "Diehard," episodes of popular TV shows including "30 Rock" and a smattering of new releases.
That's right, we had more innovation because some of the usual copyright strictures about negotiating rights did not apply. I am pro-copyright, but once again the default settings make it too hard for successful negotiations to occur.
Assorted links, from the Appalachian Trail
1. Why isn't there a "Great Mormon novel"? And here.
2. A modest proposal for economizing the time of sociologists, and much more.
3. Hossein Mousavi is an artist and so is his wife.
4. Honeybees can recognize different human faces and discriminate between them.
Assorted links
1. New hypotheses about peer effects, attention-switching, and other topics.
2. What kind of music does your brain make?
3. Is behavioral economics doomed?
5. Being a TARP wife: a dirty, thankless job.
Assorted links
1. Brief survey of Iranian cinema.
2. Nerdy Chicago weather joke.
3. Via Greg Mankiw, Milton Friedman on health care.
5. Koogle, or "kosher" search. It shuts down on the Sabbath.