Results for “best book”
2009 found

Charles Murray’s *Human Diversity*

His new book is coming out in January, and the subtitle is The Biology of Gender, Race, and Class. I will get to the details shortly, but my bottom-line review is “Not as controversial as you might think,” but do note the normalization at the end of that phrase.

Here is one bit from p.294 toward the end of the book:

Nothing we are going to learn will diminish our common humanity.  Nothing we learn will justify rank-ordering human groups from superior to inferior — the bundles of qualities that make us human are far too complicated for that.  Nothing we learn will lend itself to genetic determinism.  We live our lives with an abundance of unpredictability, both genetic and environmental.

Most of the book defends ten key propositions, laid out on pp.7-8.  The first four of those propositions concern differences between men and women (“Sex differences in personality are consistent worldwide…”) and I do not find those controversial, so I will not cover them.  The chapters on those propositions provide a good survey of the evidence, and a good answer to the denialists, though I doubt if Murray is the right person to win them over.  Let’s now turn to the other propositions, with my commentary along the way:

5. Human populations are genetically distinctive in ways that correspond to self-identified race and ethnicity.

True, but Murray’s analysis did not push me beyond the usual citations of lactose intolerance, sickle cell anemia, adaptation to high altitudes, and the like.  That said, pp.190-195 offer a very dense discussion of target alleles for various traits, such as schizophrenia, and how those target alleles vary across different groups.  I found those pages difficult to follow, and also wished that discussion had been fifty pages rather than five.  Toward the end of that discussion, Murray does write (p.194): “…proof of the role of natural selection for many genetic differences will remain unobservable without methodological breakthroughs.”  With that I definitely agree.

On p.195 he adds “It is implausible to expect that none of the imbalances will yield evidence of significant genetic differences related to phenotypic differences across continental populations.”  That returns to my core point about this book not shifting my priors.  You could agree with that sentence (noting the ambiguity in the word “significant”) and still have a quite modest vision of what those differences might mean.  In any case, nothing in the book pushes me beyond that sentence in the direction of the geneticists.

And here the contrast with the chapters on men and women becomes (unintentionally?) glaring: those biological differences are relatively easy to demonstrate, so perhaps hard-to-demonstrate biological differences are not so significant.  That too is just a conjecture, but there are multiple ways to play the “absence of evidence” and “how to interpret the residuals” cards, and I wish those had received a more extensive philosophy of science-like discussion.

Now let’s move to the next proposition:

6. Evolutionary selection pressure since humans left Africa has been extensive and mostly local.

That one strikes me as a miswording or misstatement, though I do not see that it corresponds to any actual mistakes in the broader text.  You might think that general, non-local evolutionary selection for all humans has been quite large over the millennia, relative to local selection.  I genuinely do not know the ratio here, but Murray does not seem to address the actual comparison of “across all human groups” vs. “local” as loci of selection pressures.

Next up:

7. Continental population differences in variants associated with personality, abilities, and social behavior are common.

Clearly true, but note this proposition does not claim biological roots for those differences.  The real question comes in the next proposition:

8. The shared environment usually plays a minor role in explaining personalities, abilities, and social behavior.

Here I have what I think is a major disagreement with Murray.  If he means the term “shared environment” in the narrow sense used by say twin studies, he is probably correct.  But in the more literal, Webster-derived conception of “shared environment” I very much disagree.  Culture is a truly major shaper of our personalities, abilities, and social behavior, and self-evidently so. For my taste the book did not contain nearly enough discussion of culture and in fact there is virtually no discussion of the concept or its power, as a look at the index will verify.  The real lesson of “twins studies plus anthropology” is that you have to control almost all of a person’s environment to have a major impact, but a major impact indeed can be had.  I behave very differently than my Irish potato famine ancestors, and not because I am genetically 1/8 from the Madeira Islands.  That said, within the narrower range of environmental variation measured in twins studies…well those studies seem to be fairly accurate.

9. Class structure is importantly based on differences in abilities that have a substantial genetic component.

Correct as stated, but I see those differences as much less genetic than Murray does.  For instance, IQ is to some extent heritable, but how much does that shape economic outcomes?  It is worth turning to Murray’s discussion on p.232 and the associated footnote 17 (pp.428-429).  His main source is what is to me a flawed meta-study on IQ and job performance (Murray to his credit does also cite the best-known critique of such studies).  I would opt more directly for the labor market literature on IQ and individual earnings, based on actual measured wages, which shows fairly modest correlations between IQ and earnings (read here, here and here).  So, at the very least, the inherited IQ-based permanent stratification version of The Bell Curve argument is much more compelling to Murray than it is to me.

10. Outside interventions are inherently constrained in the effects they can have on personality, abilities, and social behavior.

Clearly this is literally true, if only because of the meaning of “constrained.”  But mostly I would repeat my remarks on culture from #8.  Cultures change, and over time they are likely to change a great deal.  For instance, early in the 20th century, Korea, Japan, and China often were described as low work ethic cultures.  As cultures change, in turn those cultures can shape the personalities, abilities, and social behaviors of subsequent generations, in significant ways albeit constrained.  So while Murray is correct as stated, I believe I would disagree with his intended substantive point about the weight of relative forces.

Overall this is a serious and well-written book that presents a great deal of scientific evidence very effectively.  Anyone reading it will learn a lot.  But it didn’t change my mind on much, least of all the most controversial questions in this area.  If anything, in the Bayesian sense it probably nudged me away from geneticist-based arguments, simply because it did not push me any further towards them.

Murray of course will write the book he wants to, but my personal wish list was two-fold: a) a book leaving most of the normal science behind, and focusing only on the uncertain and controversial frontier issues, in great detail, and b) much more discussion of the import of culture.

Most of all, I am happy that America’s culture of achievement is inducing Murray to continue to produce major works at the age of 76, soon to be 77.

You can pre-order here.

Tuesday assorted links

1. The penis-shaped ice rink culture that is Russia.

2. The Economist on Peter Chang and the revolution in Chinese cuisine.  Price variability is rising in the Chinese cuisine market.

3. Dylan Matthews favorite social science studies of the decade.

4. “Impact funds earn 4.7 percentage points (ppts) lower IRRs ex post than traditional VC funds.

5. Arnold Kling’s books of the year.  And Scott Sumner responds to me on national security and trade.

6. “Relative to low-income households, high-income households enjoy 40 percent higher utility per dollar expenditure in wealthy cities, relative to poor cities. Similar patterns are observed across stores in different neighborhoods. Most of this variation is explained by differences in the product assortment offered, rather than the relative prices charged, by chains that operate in different markets.”  Link here.

Work on these things

Here are some projects I’d like to see funded, some through my own ventures, or others through alternative mechanisms. On these issues, the right person could have an enormous impact, whether through the research side or directly coming up with actionable ideas, including of course creating and building companies.

More studies of super-effective people. Either individually or collectively. If you take the outliers in any domain, what should our intuitions be for understanding the underlying processes determining how many people could have ended up in those positions? How many people had the right genes but had the wrong upbringing? How many people had the right genes and the right upbringing but the wrong luck, or perhaps society failed them in some other manner? The answers to these questions have significant policy implications.

A comprehensive analysis and critique of the NIH and NSF. The US funds more science research than any other country — about $35 billion per year on the NIH and $8 billion per year on the NSF. How exactly do these institutions work? How have they changed over time and have these changes been for good or bad? Based on what we now know, how might we better structure the NIH and NSF? What experiments should we run or what kind of studies should we perform?

Why is life expectancy so long in Hong Kong? Life expectancy in Hong Kong is 84.23 years, more than five years longer than the US and the highest in the world. Hong Kong is not that wealthy (median household income is $38,000 USD); it’s somewhat polluted; people don’t obviously eat what seems like a healthy diet; and they don’t seem to exercise a great deal. What should we learn from this?

Bloomberg Terminal for everything. This might be a nonprofit, a company, or a government project. To state the obvious, many analyses hinge on having the right data. If you’re in finance, getting the right data is often easy: just pull it up on your Bloomberg terminal. But there is no practical way to ask “what most correlates with life expectancy in Hong Kong?” (See above on that topic.) Figure out a way to build a growing corpus of structured data across the broadest variety of domains.

A comprehensive guide to the American healthcare system. The American healthcare system is by far the world’s biggest and also by a considerable margin the world’s most influential. Yet there is no comprehensive, dispassionate, and analytical disaggregation of how it all works. Who are the actors and what are their incentives? To the degree that the relationships between different entities are in equilibrium, what are the forces ensuring they stay there? What is the Sankey diagram of fund flows within the U.S. healthcare system?

Better answers for how to quantify worker productivity. In most knowledge industries, companies have nothing better than highly subjective measures (i.e., supervisors’ assessments) of worker productivity. In theory, it seems significant improvements should be possible. In the short term, is it possible to measure the productivity or efficacy of individual managers, software engineers, educators, scientists? How about teams, and what size of team? And can we do so without creating Goodhart’s Law problems?

What should Widodo do? Indonesia is a large, populous middle-income country. It faces no major near-term security threats. It has a small manufacturing base and no major non-commodity export sectors. What is the best non-bureaucratic 10 page economic development briefing document and set of prescriptions that one could write for Indonesia’s president? For Indonesia, substitute Philippines, Chile, or Morocco. 

A comparative study of foundations and their efficacy. Philanthropic foundations are behind a lot of important work. But how does a foundation decide what it wants and how the resulting grants should be structured? How effective are the programs of that foundation? In practice, how have its institutional mechanisms evolved? Imagine some kind of resource that answered these questions for the major American foundations.

Institutional critiques. More broadly, there is no discipline of institutional criticism. There is a very rich literature of policy criticism in economics, journalism, and non-fiction books. There is also a rich literature of “corporate criticism”: there are thousands of articles about how Facebook (budget: $20 billion) works and how it might be good or bad. But there is relatively little analysis of the most important institutions in our society: government departments. How is the Department of Agriculture (budget: $150 billion) organized and how effective or not is it? How about the Department of Energy (budget: $32 billion)? And why are not those questions paramount in the minds of policymakers?

Cultures of excellence. If you ask informed Filipinos why the street food is mediocre, they will tell you that Philippines lacks a “culture of excellence”. It seems that some kind of “culture of doing things really well” has very persistent and generalizable effects. South Korea and Japan have developed much more rapidly than many Asian countries, despite many others adopting relatively free “Washington Consensus”-style trade policies. Russia still has higher GDP per capita than Mexico despite Mexico’s economic policies having been much better than Russia’s for many, many decades at this point. How should we think about cultures of excellence?

Regeneration at the government layer. Herbert Kaufman (unsurprisingly) concludes in an empirical study that government organizations don’t die. While we might all agree that this is a problem, actionable solutions are in short supply. What can or should we do about this?

IQ paradox. Ron Unz points out that intergenerational variation of IQ may be much higher than is often assumed, citing Ireland and Croatia as examples. For instance, not long ago Ireland had sub-par measured IQ and now that figure is much higher, following growth and prosperity. The policy implications of IQ disparities across nations may therefore be different to what might otherwise obviously follow: perhaps environment matters much more than is assumed. If so, what should we be doing more or less of?

Credible plans for new top-tier universities. 7 of the best 25 universities in the world (Times ranking) were started in the US between 1861 and 1891 by ambitious reformers. It’s probably harder in many ways to start an impactful new university today… but it’s likely not impossible and the returns to doing so successfully might be very high. What might be a good plan? Why have so few of these plans come to fruition? 

Summaries of the state of knowledge in different fields. As a general matter, a lot of oral knowledge in the world is still not readily available, and reflection on this fact might lead one in many interesting directions. One obvious application is helping people more readily understand the present state of affairs in different domains. If I want to know “how we’re doing” in, say, antiviral drug development, I could spend a few hours hunting for top researchers, email a few, and perhaps get on calls to obtain their candid assessments. Are we making good progress? What are the most important open problems? What’s holding things back? And so on. How can we make all of this knowledge publicly available across all fields?

Mechanisms for better matching. One of the single interventions that could do the most to improve global welfare would be to improve the efficiency of the partner/marriage matching ecosystem. Online dating demonstrates that significant change (and maybe even improvement?) is possible, with some figures suggesting that up to two thirds of relationships in the US may now be initiated through online dating services. Accomplished people often seem to struggle with this challenge. Good solutions would be important.

What should Durkan do? Jenny Durkan is the current mayor of Seattle. As cities become more important loci of economic activity in the world, the importance of effective city governance will increase. As with the Widodo challenge, what is the best 10 page briefing document and set of prescriptions that one could write for her? What about Baltimore and St. Louis?

What I’ve been reading

Roderick Floud, An Economic History of the English Garden.  Every page of this book does indeed have economics.  It just does not have interesting economics.  Which may mean that gardens are not so interesting from an economic point of view.  Which in turn would make this a good book.  But not an interesting book.

Ajantha Subramanian, The Caste of Merit: Engineering Education in India.  A critique of casteism and growing inequality, this book also doubles as a fascinating history of IIT.  Best read in Straussian fashion as a sympathetic story of origins.

Dana Thomas, Fashionopolis: The Price of Fast Fashion & The Future of Clothes.  Some parts of this book have bad economics and extreme mood affiliation, but in general it has more actual information than other books on the same topic and at times the author makes decent external cost arguments against the current system of clothes production.  So a qualified recommendation, at least I am glad I read it, even though some parts are obviously too sloppy.

Razeen Sally, Return to Sri Lanka: Travels in a Paradoxical Island.  People do not think enough about Sri Lanka, including in the social sciences!  It is a richer and nicer country than what most people are expecting, and it is good for studying both conflict and ethnic tensions.  This memoir — information rich rather than just blather — is one good place to get you started.

David Goldblatt, The Age of Football: The Global Game in the Twenty-First Century.  Football meaning soccer of course, this book covers how soccer interacts with politics in many particular countries, including Africa, and just how much the game has grown in global markets.  Mostly informative, good if you wish to read a book about this topic (I don’t).

Conversations with Zizek.  Maybe the best introduction to why Žižek is a richer thinker than his critics allege?  The book serves up insights on a consistent basis, and there is a minimum of jargon.  Marcus Pound had a good blurb: “Audacious and vertiginous, this book is everything one expects from him, a heady mix of psychoanalysis, politics, theology, philosophy, and cultural studies that will leave the reader both exhausted and exhilarated.”

Principles for Amazon (and other?) censorship

That is the topic of my latest Bloomberg column, here is one excerpt:

Focus on whether the merchandise contributes to further understanding, one way or another, rather than whether it might embody evil.

And:

This principle runs counter to how the world of social media works, I realize. “Cancel culture” tends to issue decisions based on the worst aspects of a product, writer or public figure, because that is what is endlessly circulated and condemned. But there is another way of thinking about the problem — namely, by focusing on the positive.

It is still possible, for example, to buy Adolf Hitler’s “Mein Kampf” on Amazon, either through third-party merchants or Amazon itself. That book is more offensive than an Auschwitz bottle opener, as it directly calls for the extermination of the Jews and the conquest of Europe, and it probably still inspires neo-Nazis today. Nonetheless, I hope “Mein Kampf” continues to be for sale.

For all of its evil, “Mein Kampf” is an essential document for understanding the rise of Nazism and Hitler. As such, it should be allowed in spite of its potential downside. There is both intrinsic and utilitarian value in maximizing public access to as much knowledge as possible.

In contrast, it is hard to argue that an Auschwitz-themed mouse pad has anything positive to offer, whether to our historical knowledge or otherwise. At best, it is an act of obnoxious trolling and thus it was appropriate for Amazon to take it down.

It is fine to watch Leni Riefenstahl and listen to Richard Strauss, for instance.  But most private platforms — if they can — should ban sheer trolls.

What I’ve been reading

Ben S. Bernanke, Timothy F. Geithner, and Henry M. Paulson, editors, with Nellie Liang.  First Responders: Inside the U.S. Strategy For Fighting the 2007-2009 Global Financial Crisis.  Too many people will judge this volume by its editors, for better or worse.  In reality, almost everything here is by other people, and well-informed ones too.  This is one of the best comprehensive books on the crisis, and it is usefully organized by topic (“Crisis-Era Housing Programs,” or say Jason Furman on fiscal policy).  I haven’t read through the whole thing, but there is a good chance this is the best overall volume on the response to the crisis, though again I suspect opinions on the book will follow whatever opinions the reviewers have of the editors.

Justin Marozzi, Islamic Empires: Fifteen Cities that Define a Civilization.  Did the Islamic Middle East invent the notion of a truly splendid city?  This book makes the case for yes, starting with 7th century Mecca, moving to Damascus, Baghdad, and Cordoba, and finishing in 21st century Doha, “City of Pearls.”

Todd S. Purdum, Something Wonderful: Rodgers and Hammerstein’s Broadway Revolution.  Of course the music is worth learning about, but this volume is also a splendid take on managerial teamwork in a duo.

Greta Thunberg, No One is Too Small to Make a Difference. Some of her speeches, transcribed.  Call me crazy, but I think of her and Donald Trump as the two great orators of our generation, regardless of what you think of their content.

Vicky Pryce, Women vs. Capitalism: Why We Can’t Have It All in a Free Market Economy.  Compared to what, I am inclined to ask?  Still, if you are looking for a readable book on how and why capitalism does not lead to gender equality, this is now the place to go.

Matthew D. Adler’s Measuring Social Welfare: An Introduction is a very good take on its chosen topic.

The real inflation inequality of our time

That is the topic of my latest Bloomberg column, and it is not (mainly) about rich and poor:

Consider people who love to consume information, or, as I have labeled them, infovores. They can stay at home every night and read Wikipedia, scan Twitter, click on links, browse through Amazon reviews and search YouTube — all for free. Thirty years ago there was nothing comparable.

Of course, most people don’t have those tastes. But for the minority who do, it is a new paradise of plenty. These infovores — a group that includes some academics, a lot of internet nerds and many journalists — have experienced radical deflation.

Here is another bit:

So who might be worse off in this new American world?

People who like to spend time with their friends across town are one set of losers. Traffic congestion is much worse, and so driving in Los Angeles or Washington has never been such a big burden. In-person socializing is therefore more costly. On the other hand, the chance that you have remained in touch with your very distant friends is higher, due to email and social media. Those who enjoy less frequent (but perhaps more intense?) visits are on the whole better off for that reason. It is easier than ever to go virtually anywhere in the world and have someone interesting to talk to.

Another group of losers — facing super-high inflation rates — are the “cool” people who insist on living in America’s best and most advanced cities. Which might those be? New York, Los Angeles, San Francisco? You can debate that, but they have all grown much more expensive. Many smaller cities, such as Austin, Washington and Boston, are going the same route.

And this summary point:

What is the common theme here? It is that those who love or need “the new” are often doing relatively well. Those who value the old standbys — the crosstown friend, the Manhattan brownstone, the uncomplicated visit to the local doctor to have a broken ankle set — are in a more dubious position.

There is much more at the link.  You might also see my earlier 1998 Kyklos article with Alex, “Who Benefits from Progress?“, and my book The Age of the Infovore.

*Walter Raleigh: Architect of Empire*

An excellent book, by Alan Gallay, this one will make my year-end “best of” list.  It has merchant voyages, royal monopolies, hermeticism, captive Inuits brought to London to perish, conquests of Ireland, Edmund Spenser, virgin queens, charter cities, and the best overall understanding of early British colonialism/imperialism I have seen.  It is perhaps better read than excerpted, but here is one bit:

[John] Gilbert would not sail again for America until 1583. For three and a half years, English resources that might have gone to overseas expeditions to America had to be devoted to Ireland — the pope’s decision to become militarily involved in Irish affairs deterred the English America; in the coming decade American colonization would be frequently sidetracked by the same three things: events in Ireland, relations with Spain, and the English propensity to go plundering at sea.

And:

For colonization to succeed, the English required investors, sailors, and colonists.  All were difficult to come by.  The English intended to turn the New World into a haven for English Catholics as a way to solve multiple problems: rid England of religious dissidents, obtain investors, and alleviate overcrowding by moving surplus populations of the unemployed overseas to become useful.  English Catholic interest wavered, however…

I am sure to read the whole thing through, you can pre-order here.

“And what a decade it was”

From Alex X.:

With the decade coming to a close, I would be curious on everyone’s favorite of the decade [gives list of categories]:

Without too much pondering, here is what comes to mind right away:

Film: Uncle Boonmee Who Can Recall His Past Lives, or A Touch of Sin.  Might Winter Sleep by next?  It was probably the best decade ever for foreign movies, the worst decade ever for Hollywood movies (NYT).

Blockbuster/action film: Transformers 4?  Big screen only, live or die by CGI!

Album: Kanye West, My Beautiful Dark Twisted Fantasy.

Single: I don’t see an obvious, non-derivative pick here that really stands out.  Kendrick Lamar’s “Alright” probably is the mainstream choice, but do I ever go over to the stereo to put it on?  Janelle Monae’s “Make Me Feel” is another option, but is it such a big step beyond Prince?  Lorde or Beyonce?  LCD Soundsystem seems more about the entire album, same for Frank Ocean.  Something from Kanye’s Yeezus?  To pull a dark horse option out of the hat, how about Gillian Welch, “The Way It Goes“?  Or Death Grips “Giving Bad People Good Ideas“?  I’ve spent enough time on Twitter that I have to opt for that one.

TV Show: Srugim, Borgen, The Americans.

Single Season: Selections from same, you know which seasons.

Book Fiction: The Ferrante quadrology and Houllebecq’s Submission.

Book Non Fiction: Knausgaard, volumes I and II.

Athlete of the Decade: Stephen Curry or Lebron James.

What are your picks?

Friday assorted links

1. Do you talk about it in Open Borders Bryan Caplan says yes.

2. The effect of wrapping neatness on gift attitudes never my strong suit.

3. Ariel Rubinstein Five Books on game theory.

4. “Holter charges $5,000 a day per truck to individuals threatened by fires, but even in an emergency won’t send his team out until his clients read through a detailed contract.

5. China and the United States in higher education (NYT).

Tyler Cowen on meritocracy

As economist (yes, Harvard-educated ) Tyler Cowen has quipped: “The best critiques of the meritocracy have come from those with extreme merit.”  I’ll come back to this puzzle later, for it’s one that Markovits’s book, like others in the genre, doesn’t fully explore.

That is from Kay S. Hymowitz, reviewing a new book critical of meritocracy.

What should I ask Ted Gioia?

I will be doing a Conversation with Ted, no associated public event.  He is a musician and most of all a music historian, above all for jazz and blues, with numerous excellent books on those topics.

Here is his home page.  Here is Ted on Twitter, one of the very best follows.  Here is his latest book Music: A Subversive History, due out next week.  And there is more:

Gioia was raised in a Sicilian-Mexican household in Hawthorne, California, a working class neighborhood in the South-Central area of Los Angeles. Gioia was valedictorian and a National Merit Scholar at Hawthorne High School, and attended Stanford University. There he received a degree in English (graduating with honors and distinction), served as editor of Stanford’s literary magazine, Sequoia, and wrote regularly for the Stanford Daily.  He was a member of Stanford’s College Bowl team, which was featured on television, and defeated Yale in the national finals. Gioia also worked extensively as a jazz pianist during this period, and designed and taught a class on jazz at Stanford while still an undergraduate.

After graduation, Gioia received a degree in Philosophy, Politics and Economics at Oxford University, where he graduated with first class honors. He then received an MBA from Stanford University.

Gioia has enjoyed successes in the worlds of music, writing and business. In the business world, Gioia has consulted to Fortune 500
companies while working for McKinsey and the Boston Consulting Group.  He helped Sola International complete an LBO and IPO on the New York Stock Exchange in the 1990s.  He has undertaken business projects in 25 countries on five continents, and has managed large businesses (up to $200 million in revenues). While working amidst the venture capital community on Sand Hill Road in Silicon Valley, Gioia stood out from the crowd as the “guy with the piano in his office.”

His knowledge of varied musical genres is virtually without parallel.  So what should I ask Ted?