“Was the human voice the very first musical instrument? I don’t know, but I expect it will end up as the very last one.” Tyler Cowen shared an eclectic choral music playlist the other day, with the preceding lines as an intro, and the idea of a “last instrument” was pleasingly creepy to me. It also reminded me of the above video, of artist Maria Coman singing the “Love is patient, love is kind” lines from the First Epistle to the Corinthians, from the Bible. (1 Corinthians 13: 1-8.) More of Coman’s music can be found on her website. And what is that church she’s in?
COWEN: What is your most unusual successful work habit?
ROBINSON: I think it’s becoming used to the fact that it takes me a long time to get to the place where I can work on something — that all this frustration [laughs] and depression that precedes my writing anything is part of the process of writing.
As someone who’s interested in finding God, I liked letting this religion-themed conversation wash over me. I also liked the idea that creative projects just have to take as long as they take and be as hard as they are. Robinson’s new book is about Genesis — she calls the Bible “the most complex document on the planet” — but in the interview they touch on several non-religious topics, too (like the above). Meanwhile I’m enjoying reading the negative reviews of her book on Amazon, which is probably bad (of me).
Tyler Cowen has some advice for those looking to visit Paris.
My overall take is this: Paris today is fairly sterile in terms of overall creativity, or for that matter business dynamism. But Parisians have perfected the art of taste along a number of notable dimensions, like nowhere else in the world. If your trip allows you to free ride upon those efforts in a meaningful way, it will go very well.
I am not with him about skipping the Jardin du Luxembourg (it’s one of my favorite places in Paris) and I would urge you to skip not only the Mona Lisa but the entire Louvre (go to d’Orsay instead). But eating cheese (and bread!), developing a “mini-Paris residential life”, going to the top of the Eiffel Tower, seeing the cathedrals, walking everywhere,1 and skipping the expensive restaurants is all solid advice. Further Paris notes from my trip last October here.
I just looked at my Pedometer++ data from my October trip to Paris and during a 7-day period, I averaged 8.5 miles of walking per day.↩
Voracious reader Tyler Cowen recently visited an Amazon Store for the first time and posted some impressions.
1. It is a poorly designed store for me, most of all because it does not emphasize new releases. I feel I am familiar with a lot of older titles, or I went through a more or less rational process of deciding not to become familiar with them. Their current popularity, as measured say by Amazon rankings, does not cause me to reassess those judgments. For me, aggregate Amazon popularity has no real predictive power, except perhaps I don’t want to buy books everyone liked. “A really smart person says to consider this again,” however, would revise my prior estimates.
6. I consider myself quite pro-Amazon, still to me it feels dystopic when an attractive young saleswoman says so cheerily to (some) customers: “Thank you for being Prime!”
Some of his observations match those of other reviewers from when the store opened back in May. On my last trip to NYC, I visited the same store as Cowen (also for the first time) and it didn’t change my opinion about the visibility of the data in the store:
Other bookstores have books arranged according to best-seller lists, store-specific best-sellers, and staff recommendations, but I’ve never seen any store layout so extensively informed by data and where they tell you so much about why you’re seeing each item. Grocery store item placement is very data driven, but they don’t tell you why you’re seeing a display of Coke at the end of the aisle or why the produce is typically right at the entrance. It’ll be interesting to see if Amazon’s approach works or if people will be turned off by shopping inside a product database, a dehumanizing feeling Frommer hints at with “a collection of books that feels blandly standard” when compared to human curated selections at smaller bookstores.
Walking around, I half-expected to see SQL queries accompanying some of the displays — “SELECT * FROM books WHERE rating > 4.8 AND pub_year = 2017 ORDER BY number_sold”. Amazon definitely needs to figure out how to get a little weird into their stores, a little of the human touch. Toning down the data talk would help. A more casual typeface might work too — not Comic Sans but perhaps something at least approaching handwritten? They’ve got so so much data about how people buy books…they just need to be more clever about how they slice and dice it. Maybe look for books that exhibit the Napoleon Dynamite Problem? Find people with interesting wishlists?
He has no work as stunning as Michelangelo’s David, and too many of his commissions he left unfinished or he never started them. The Notebooks display a fertile imagination, but do not contain much real knowledge of use, except on the aortic valve, nor did they boost gdp, nor are they worth reading. Much of his science is weak on theory, even relative to his time.
So Leonardo was perhaps not the best at any one thing but he was very good or great at many different things. He is literally the quintessential “Renaissance man” and yet Cowen fails to evaluate him on that basis. Not surprising…history’s generalists are under-celebrated as a rule. Anyway, I’m looking forward to reading Walter Isaacson’s biography of Leonardo in the next couple of weeks.
In his new book, The Complacent Class, Tyler Cowen argues that Americans have gotten too comfortable.
In The Complacent Class: The Self-Defeating Quest for the American Dream, Tyler Cowen argues that more Americans are living comfortably and contently with what life has handed them. By sheltering ourselves from the new and different, it’s hard to see what is lost by standing still. But if you look at the data, we’re seeing a shift in the fabric of American society — from losses in new startups and economic growth to more instances of segregation and inequality. It’s not too late to change course and re-embrace the restlessness that has long defined America.
Cowen built a quiz that you can take to see if you are, in his eyes, too comfortable with your life. The quiz is composed of 27 questions like “In the last 10 years, how many states have you lived in?” and “Have you lived in a neighborhood for at least a year where you were the racial minority?” The quiz has four possible outcomes:
Tier 1: You are a trailblazer — You do not accept the status quo as the best outcome in life. Your ambitions will help America get out of its rut.
Tier 2: You are a striver — You embrace newness, but you need to strive harder to break the mold.
Tier 3: You are comfortable — You are interested in trying new things but not enough to create real change.
Tier 4: You are complacent — You need to get off the couch, step outside, and see what you’re missing.
I took the quiz and got “comfortable”, which seems fair enough, given the questions. I think part of that result is being introverted and part of it is family considerations that take precedence in my life over adventure and risk-taking. I wouldn’t ever call myself a “trailblazer” but I don’t know anyone who runs their own business who would consider that situation “comfortable”. “Terrifying on a daily basis” maybe.
Tyler Cowen’s new book, The Complacent Class, comes out today. In it, he argues that as a society, Americans have stopped taking risks, are too comfortable, and rely too heavily on incremental improvements of existing goods & ideas, which has resulted in a stagnation of our culture and economy. This video by Cowen is a good introduction to what he means by that.
After about the 1970s, innovation on this scale slowed down. Computers and communication have been the focus. What we’ve seen more recently has been mostly incremental improvements, with the large exception of smart phones.
This means that we’ve experienced a ton of changes in our virtual world, but surprisingly few in our physical world. For example, travel hasn’t much improved and, in some cases, has even slowed down. The planes we’re primarily using? They were designed half a century ago.
Since the 1960s, our culture has gotten less restless, too. It’s become more bureaucratic. The sixties and seventies ushered in a wave of protests and civil disobedience. But today, people hire protests planners and file for permits. The demands for change are tamer compared to their mid-century counterparts.
Americans traditionally have thought of themselves as the great movers, and indeed that was true in the nineteenth century and even through most of the twentieth. But since the 1980s, Americans have become much less restless in movements across the country, and more people are looking to simply settle down and entrench themselves.
Here is this change in a single number: The interstate migration rate has fallen 51 percent below its 1948-1971 average, and that number has been falling steadily since the mid-1980s. Or, if we look at the rate of moving between counties within a state, it fell 31 percent. The rate of moving within a county fell 38 percent. Those are pretty steep drops for a country that has not changed its fundamental economic or political systems. You might think that information technology (IT) would make it easier to find a job on the other side of the country, and maybe it has, but that has not been the dominant effect. If anything, Americans have used the dynamism of IT to help ourselves stay put, not to move around.
That means there’s an army of Americans semi-attached to their communities, who struggle to contribute, to realize their capacities and find their dignity. According to Bureau of Labor Statistics time-use studies, these labor force dropouts spend on average 2,000 hours a year watching some screen. That’s about the number of hours that usually go to a full-time job.
Fifty-seven percent of white males who have dropped out get by on some form of government disability check. About half of the men who have dropped out take pain medication on a daily basis. A survey in Ohio found that over one three-month period, 11 percent of Ohioans were prescribed opiates. One in eight American men now has a felony conviction on his record.
If you need a chaser, consider this from the introductory chapter of Homo Deus by Yuval Noah Harari (which I’m currently reading):
For the first time in history, more people die today from eating too much than from eating too little; more people die from old age than from infectious diseases; and more people commit suicide than are killed by soldiers, terrorists and criminals combined. In the early twenty-first century, the average human is far more likely to die from bingeing at McDonald’s than from drought, Ebola or an al-Qaeda attack.
Stanley G. Payne, A History of Fascism 1914-1945. One of the classics, readable and comprehensive and one of the best places to start. One thing I learned from this pile of books is how hard some of those leaders worked to have the mid-level bureaucracy on their side. The centralization often occurred at higher levels, for instance Mussolini had 72 cabinet meetings in 1933, but only 4 in 1936. The Italian Fascist party, by the way, was disproportionately Jewish, at least pre-1938.
Cowen’s conclusion after his reading? The US is not headed toward fascism:
Overall I did not conclude that we Americans are careening toward fascist outcomes. I do not think that notion is well-suited to the great complexity of contemporary bureaucracy, nor to our more feminized and also older societies. Furthermore, in America democracy has taken much deeper roots and the system of checks and balances, whatever its flaws, has stood for a few hundred years, contra either Italy or Germany in their fascist phases.
Looking over Umberto Eco’s 14 Features of Eternal Fascism, I might disagree with that. So far, the Trump administration has been working quickly to consolidate its power and the Republican-majority Congress has shown little interest in stopping them — e.g. the so-called confirmation hearings are little more than formalities when Republicans are voting as a bloc in most cases. The judicial branch has been more attentive thus far in making sure the Republicans are operating within the law (e.g. the rulings against Trump’s travel ban and the NC governor’s limitation of powers), providing the essential “checks and balances” Cowen speaks of. But the law…well, let’s just say that plenty of bad and immoral things are legal, particularly when powerful people and the governmental bodies responsible for making laws are concerned, and much depends on the intelligence and resourcefulness of the lawyers and political viewpoints of the judges involved. All it would take is a little more thoughtfulness1 on the part of Trump’s team in writing his executive orders and they can probably get much of what they want legally.
By requiring subordinates to speak untruths, a leader can undercut their independent standing, including their standing with the public, with the media and with other members of the administration. That makes those individuals grow more dependent on the leader and less likely to mount independent rebellions against the structure of command. Promoting such chains of lies is a classic tactic when a leader distrusts his subordinates and expects to continue to distrust them in the future.
Another reason for promoting lying is what economists sometimes call loyalty filters. If you want to ascertain if someone is truly loyal to you, ask them to do something outrageous or stupid. If they balk, then you know right away they aren’t fully with you. That too is a sign of incipient mistrust within the ruling clique, and it is part of the same worldview that leads Trump to rely so heavily on family members.
This is interesting throughout, particularly the bit about “higher-status mistruths and lower-status mistruths”.
Note that these tactics do not require a strategic masterplan.1 We know Trump acts mostly on instinct, so all the lying is just how he’s found success doing business in the past. I’ve been listening to The Power Broker on audiobook for the past few months and the similarities between how Robert Moses operated (particularly in NYC at the height of his powers) and Trump’s tactics are downright eerie, right down to the outright lies, ignoring outside counsel, and favoring short-term results over deeper long-term consequences.2 Both men had so much power and (especially in Moses’ case) capability that they could have really helped people and made a difference in the lives of millions but instead used it mainly to get their own way.
Deeeep breath. Ok. In a weird way, I feel like I understand this aspect of Trump…and it makes me uncomfortable to identify with him in this way. I don’t really make plans or set goals. My about page states “I don’t have a plan.” I approach life tactically, not strategically. And I think Trump does too. (Part of my discomfort here is the realization that a tactical approach to life may require privilege. Maybe Trump doesn’t have to think long-term because he was born two steps from home plate. I don’t know, I’ve never really thought about it…another privilege.) Of course, where I use knowledge to spread the power of good ideas around to the widest possible audience (I hope!), Trump uses lies to consolidate and wield his own personal power. ↩
Moses was brilliant and certainly capable of deep strategic thought, but according to Caro, as his responsibilities, power, and self-confidence increased, he relied on what had worked for him previously with little regard for the circumstances of particular situations. It was literally “we’re doing it my way or (no) highway”. ↩
In the most recent video from Marginal Revolution University, Tyler Cowen explains how the role of financial intermediaries contributed to the financial crisis of 2008. He highlights homeowners and banks taking on too much leverage, poorly planned incentive systems, securitization of mortgages, and banks making loans that are over-reliant on investor confidence.
By 2008, the economy was in a very fragile state, with both homeowners and banks taking on greater leverage, many ending up “underwater.” Why did managers at financial institutions take on greater and greater risk? We’ll discuss a couple of key reasons, including the role of excess confidence and incentives.
In addition to homeowners’ leverage and bank leverage, a third factor played a major role in tipping the scale toward crisis: securitization. Mortgage securities during this time were very hard to value, riskier than advertised, and filled to the brim with high risk loans. Cowen discusses several reasons this happened, including downright fraud, failure of credit rating agencies, and overconfidence in the American housing market.
Finally, a fourth factor joins homeowners’ leverage, bank leverage, and securitization to inch the economy closer to the edge: the shadow banking system. On the whole, the shadow banking system is made up of investment banks and various other complex financial intermediaries, highly dependent on short term loans.
When housing prices started to fall in 2007, it was the final nudge that pushed the economy over the cliff. There was a run on the shadow banking system. Financial intermediaries came crashing down. We faced a credit crunch, and many businesses stopped growing. Layoffs ensued, increasing unemployment.
Since Alexis de Tocqueville, restlessness has been accepted as a signature American trait. Our willingness to move, take risks, and adapt to change have produced a dynamic economy and a tradition of innovation from Ben Franklin to Steve Jobs.
The problem, according to legendary blogger, economist and bestselling author Tyler Cowen, is that Americans today have broken from this tradition — we’re working harder than ever to avoid change. We’re moving residences less, marrying people more like ourselves and choosing our music and our mates based on algorithms that wall us off from anything that might be too new or too different. Match.com matches us in love. Spotify and Pandora match us in music. Facebook matches us to just about everything else.
Of course, this “matching culture” brings tremendous positives: music we like, partners who make us happy, neighbors who want the same things. We’re more comfortable. But, according to Cowen, there are significant collateral downsides attending this comfort, among them heightened inequality and segregation and decreased incentives to innovate and create.
Cowen is also releasing another book called Stubborn Attachments: A Vision for a Society of Free, Prosperous, and Responsible Individuals.
In that work, I outline a true and objectively valid case for a free and prosperous society, and consider the importance of economic growth for political philosophy, how and why the political spectrum should be reconfigured, how we should think about existential risk, what is right and wrong in Parfit and Nozick and Singer and effective altruism, how to get around the Arrow Impossibility Theorem, to what extent individual rights can be absolute, how much to discount the future, when redistribution is justified, whether we must be agnostic about the distant future, and most of all why we need to “think big.”
It is only available by emailing him that you’ve pre-ordered The Complacent Class. Oh, and a reminder about how I (try to) read books.
I think Peter Thiel supports Donald Trump because he believes it’s a once-in-a-lifetime opportunity to weaken America’s attachment to democratic government.
I’m not accusing Thiel of any ambitions he hasn’t more or less copped to. In an often-quoted 2009 essay, Thiel declared, “I no longer believe that freedom and democracy are compatible.”
He also wrote that his fellow libertarians were on a “fool’s errand” trying to achieve their ends through political means: “In our time, the great task for libertarians is to find an escape from politics in all its forms — from the totalitarian and fundamentalist catastrophes to the unthinking demos that guides so-called ‘social democracy.’”
The Straussian interpretation of the Republican Convention is the correct one, which is perhaps one reason why Peter Thiel will be speaking there. They are not saying what they are saying, in fact they are saying “the world is going to hell, and many of those amongst us have been traitorously disloyal. That is why we scream out stupidities, debase ourselves, and court attention by waving our arms in ridiculous ways. We are a small church seeking to become larger.” Is that not how many smaller churches behave? Is that not how some of the early branches of the Christian church behaved? Did they have any influence?
What does Donald Trump actually want? What does Thiel want? What do Republican voters want? I’d wager their actual goals have less to do with the party’s official platform and what people are saying at the convention and more to do with broader opportunities to gain power that arise from disruption and the energetic application of fear.
We aren’t criticizing or praising Mr. Trump’s policy proposals or his likely appointments. Our objection to him is deeper-we believe that his entire way of behaving represents a rejection of the essential character traits (the “qualities”) that our democracy requires of its leaders. We of course acknowledge that policy positions matter. But doesn’t political behavior inimical to democracy matter more?
A good read, but I’m skeptical of its impact. I keep thinking of Tyler Cowen’s description of the Brexit vote as “the one lever” for sending a political message to the country’s leaders:
Cities such as Bradford, while still predominantly white, no longer feel as English (and German!) as they once did. And if you are thinking that voting “Leave” does not at all limit Pakistani immigration, you are truly missing the point; this vote was the one lever the English were given for sending a message to their politicians.
Many Americans share a frustration of the current political system and how it is wielded against us in our name by skilled political practitioners, but I do not believe the US is a country filled with small-minded, intolerant racists, despite the perplexing level of national support for a proudly dishonest and bigoted TV personality, whatever his keen political instincts. Trump is the one lever being given to those frustrated voters for sending a message to their politicians and many are choosing to use it despite many of the reasons listed in that letter. Sending that message is more important than its potential consequences. (via @marcprecipice)
Siddhartha Mukherjee has a written a biography of the gene as deft, brilliant, and illuminating as his extraordinarily successful biography of cancer. Weaving science, social history, and personal narrative to tell us the story of one of the most important conceptual breakthroughs of modern times, Mukherjee animates the quest to understand human heredity and its surprising influence on our lives, personalities, identities, fates, and choices.
This book filled in a number of gaps in my knowledge, plus it is engaging to read. Overall it confirmed my impression of major advances in the science, but not matched by many medical products for general use.
This is on the must-read list this summer. Somehow. When I get a second.
Yet there is some evidence that a sizable number of white men see the push toward diversity, along with the larger changes it telegraphs, as less about joining and more about replacement, and a country that is less hospitable to them.
That sentiment is perhaps expressed in a quote widely circulated online in these discussions, though the origin is unknown: “When you’re accustomed to privilege, equality feels like oppression.”
This is perhaps what Tyler Cowen was getting at with his highly speculative and provocative What the hell is going on?
The contemporary world is not very well built for a large chunk of males. The nature of current service jobs, coddled class time and homework-intensive schooling, a feminized culture allergic to most forms of violence, post-feminist gender relations, and egalitarian semi-cosmopolitanism just don’t sit well with many…what shall I call them? Brutes?
Quite simply, there are many people who don’t like it when the world becomes nicer. They do less well with nice. And they respond by in turn behaving less nicely, if only in their voting behavior and perhaps their internet harassment as well.
I wouldn’t recommend it, but a spin through the comments on Cowen’s piece provides some examples of what he’s talking about.
In fact, most American slaves were not kidnapped on another continent. Though over 12.7 million Africans were forced onto ships to the Western hemisphere, estimates only have 400,000-500,000 landing in present-day America. How then to account for the four million black slaves who were tilling fields in 1860? “The South,” the Sublettes write, “did not only produce tobacco, rice, sugar, and cotton as commodities for sale; it produced people.” Slavers called slave-breeding “natural increase,” but there was nothing natural about producing slaves; it took scientific management. Thomas Jefferson bragged to George Washington that the birth of black children was increasing Virginia’s capital stock by four percent annually.
Here is how the American slave-breeding industry worked, according to the Sublettes: Some states (most importantly Virginia) produced slaves as their main domestic crop. The price of slaves was anchored by industry in other states that consumed slaves in the production of rice and sugar, and constant territorial expansion. As long as the slave power continued to grow, breeders could literally bank on future demand and increasing prices. That made slaves not just a commodity, but the closest thing to money that white breeders had. It’s hard to quantify just how valuable people were as commodities, but the Sublettes try to convey it: By a conservative estimate, in 1860 the total value of American slaves was $4 billion, far more than the gold and silver then circulating nationally ($228.3 million, “most of it in the North,” the authors add), total currency ($435.4 million), and even the value of the South’s total farmland ($1.92 billion). Slaves were, to slavers, worth more than everything else they could imagine combined.
Virginia slaveowners won a major victory when Thomas Jefferson’s 1808 prohibition of the African slave trade protected the domestic slave markets for slave-breeding.
I haven’t read the book, but I imagine they touched on the fact that by growing slave populations, southern states were literally manufacturing more political representation due to the Three-Fifths clause in the US Constitution. They bred more slaves to help politically safeguard the practice of slavery.
In the 1830s, powerful Southern slaveowners wanted to import capital into their states so they could buy more slaves. They came up with a new, two-part idea: mortgaging slaves; and then turning the mortgages into bonds that could be marketed all over the world.
First, American planters organized new banks, usually in new states like Mississippi and Louisiana. Drawing up lists of slaves for collateral, the planters then mortgaged them to the banks they had created, enabling themselves to buy additional slaves to expand cotton production. To provide capital for those loans, the banks sold bonds to investors from around the globe — London, New York, Amsterdam, Paris. The bond buyers, many of whom lived in countries where slavery was illegal, didn’t own individual slaves — just bonds backed by their value. Planters’ mortgage payments paid the interest and the principle on these bond payments. Enslaved human beings had been, in modern financial lingo, “securitized.”
Slave-backed securities. My stomach is turning again. (via @daveg)
2. President James Polk speculated in slaves, based on inside information he obtained from being President and shaping policy toward slaves and slave importation.
3. In the South there were slave “breeding farms,” where the number of women and children far outnumbered the number of men.
As historian Edward Baptist reveals in The Half Has Never Been Told, slavery and its expansion were central to the evolution and modernization of our nation in the 18th and 19th centuries, catapulting the US into a modern, industrial and capitalist economy. In the span of a single lifetime, the South grew from a narrow coastal strip of worn-out tobacco plantations to a sub-continental cotton empire. By 1861 it had five times as many slaves as it had during the Revolution, and was producing two billion pounds of cotton a year. It was through slavery and slavery alone that the United States achieved a virtual monopoly on the production of cotton, the key raw material of the Industrial Revolution, and was transformed into a global power rivaled only by England.
The person I listen to the most regarding books I should be reading is Tyler Cowen…he has never once steered me wrong. So when he wrote about the best fiction of 2015, I perked up. I’ve been hearing many good things about Elena Ferrante’s series (Cowen himself flagged her The Lost Daughter as a favorite back in 2008) but his assertion that her recent series of novels ranks as “one of the prime literary achievements of the last twenty years” puts it solidly on my holiday beach reads list. The New World by Chris Adrian & Eli Horowitz and Vendela Vida’s The Diver’s Clothes Lie Empty also sound particularly interesting.
Update: Cowen recently shared his list of best non-fiction books of the year as well. Biographies rule the list: on Elon Musk, Henry Kissinger, Margaret Thatcher, and Genghis Khan. What a list…but I have to say that reading biographies of Thatcher or Kissinger doesn’t appeal at all.
Update: The NY Times Sunday Book Review names their 10 Best Books of 2015. Coates and Ferrante feature. By my count, 7 of the 10 books are written by women.
Loyal MR readers will know that I am myself a non-believer. But what I find strangest of all is not Ben Carson’s pyramids beliefs, but rather the notion that we should selectively pick on some religious claims rather than others. The notion that it is fine to believe something about a deity or deities, or a divine book, as long as you do not take that said belief very seriously and treat it only as a social affiliation or an ornamental badge of honor.
To the non-believer, the Scientologist’s belief in thetans and the vengeful sky god of Christianity are both equally implausible.
From a 2005 post on Marginal Revolution by Tyler Cowen, an alternate take on the Star Wars movies positing that while the Jedi aren’t the bad guys, they are also not to be trusted.
1. The Jedi and Jedi-in-training sell out like crazy. Even the evil Count Dooku was once a Jedi knight.
2. What do the Jedi Council want anyway? The Anakin critique of the Jedi Council rings somewhat true (this is from the new movie, alas I cannot say more, but the argument could be strengthened by citing the relevant detail). Aren’t they a kind of out-of-control Supreme Court, not even requiring Senate approval (with or without filibuster), and heavily armed at that? As I understand it, they vote each other into the office, have license to kill, and seek to control galactic affairs. Talk about unaccountable power used toward secret and mysterious ends.
See also Darth Jar Jar and Luke Skywalker, Sith Lord. I also wanted to link to a video I saw within the past year that suggests that instead of a rebel leader, Princess Leia is a petulant child whose father, Vader, is attempting to bring to heel. Ring a bell? The internet is so choked with crackpot theories about Star Wars that it’s impossible to search for one in particular. (And now this post is part of the problem.)
Self-help books don’t seem to work. Few of the many advantages of modern life seem capable of lifting our collective mood. Wealth — even if you can get it — doesn’t necessarily lead to happiness. Romance, family life, and work often bring as much stress as joy. We can’t even agree on what “happiness” means. So are we engaged in a futile pursuit? Or are we just going about it the wrong way?
Looking both east and west, in bulletins from the past and from far afield, Oliver Burkeman introduces us to an unusual group of people who share a single, surprising way of thinking about life. Whether experimental psychologists, terrorism experts, Buddhists, hardheaded business consultants, Greek philosophers, or modern-day gurus, they argue that in our personal lives, and in society at large, it’s our constant effort to be happy that is making us miserable. And that there is an alternative path to happiness and success that involves embracing failure, pessimism, insecurity, and uncertainty — the very things we spend our lives trying to avoid. Thought-provoking, counterintuitive, and ultimately uplifting, The Antidote is the intelligent person’s guide to understanding the much-misunderstood idea of happiness.
[Burkeman] is one of the best non-fiction essay writers, and he remains oddly underrated in the United States. It is no mistake to simply buy his books sight unseen. I think of this book as “happiness for grumps.”
Given Cowen’s recent review of Inside Out, I wonder if [slight spoilers ahoy!] he noticed the similarity of Joy’s a-ha moment w/r/t to Sadness at the end of the film to the book’s “alternative path to happiness and success that involves embracing failure, pessimism, insecurity, and uncertainty”. Mmmm, zeitgeisty!
Tyler Cowen writes about Steph Curry, the current dominance of the three-point shot, and how the reality of new technology lags in relation to its promise.
What took so long? At first the shot was thought to be a cheesy gimmick. Players had to master the longer shot, preferably from their earliest training. Coaches had to figure out three-point strategies, which include rethinking the fast break and different methods of floor spacing and passing; players had to learn those techniques too. The NBA had to change its rules to encourage more three-pointers (e.g., allowing zone defenses, discouraging isolation plays). General managers had to realize that Rick Pitino, though perhaps a bad NBA coach, was not a total fool, and that the Phoenix Suns were not a fluke.
This longer article on the rise of the three-pointer in the NBA by Tom Haberstroh provides further context to Cowen’s thoughts.
Suppose you had a time machine you that you solely wanted to use for financial gain. You can bring one item from the present back to any point in the past to exchange for another item that people of that time would consider of equal value, then bring that new item back to the present. To what time period would you go, and what items would you choose to maximize your time-travel arbitrage?
Cowen notes some difficulty with an obvious approach:
The obvious answer encounters some difficulties upon reflection. Let’s say I brought gold back in time and walked into the studio of Velazquez, or some other famous painter, and tried to buy a picture for later resale in the present. At least some painters would recognize and accept the gold, and gold is highly valuable and easy enough to carry around. Some painters might want the gold weighed and assayed, but even there the deal would go fine.
The problem is establishing clear title to the painting, once you got back home. It wouldn’t turn up on any register as stolen, but still you would spend a lot of time talking to the FBI and Interpol. The IRS would want to know whether this was a long-term or short-term capital gain, and you couldn’t just cite Einstein back to them. They also would think you must have had a lot of unreported back income.
So establishing present ownership of a past item is an issue…as is authentication via carbon dating. I don’t have a specific scheme in mind, but I would think any general approach would also need to minimize the butterfly effect of your trade so that, for example, your existence in the present is not disrupted. So you can’t trade Leonardo an iPhone 6 for the Mona Lisa. But maybe you could trade $1 for a winning ticket for last week’s $300 million lottery jackpot…or would the numbers change somehow because of your visit? What if you bought 100,000 shares of Apple stock in 2003? How would that action effect the present? What is a large enough action to make you rich but with a small enough effect to keep the present otherwise unchanged? Since I didn’t see any super-compelling solutions in the comments at MR, I’m gonna open the comments here…I know someone has been thinking about this extensively or has a link to a good discussion elsewhere. Please stay on topic, mmm’kay?
That’s more than twelve hours of music, from The Miracles to Erykah Badu. Some of it, particularly from the 80s, is not so great, but as you listen, you’re of course reminded of how great Stevie Wonder is. Rdio has more than 40 additional hours of Stevie for your listening pleasure. More than 30 hours of the Jackson 5. Hundreds more hours of The Supremes, Marvin Gaye, The Temptations, Commodores, Diana Ross, and on and on. And that’s just riffing off of one album in one genre. Freely choosing from an infinite buffet of choices is a completely different way of listening to music than any of us grew up with (unless you had tons of money or worked in a record store). For me, it’s been an incredible way to take advantage of Tyler Cowen’s observation that there’s way more good unheard stuff in the back catalog than there is new music…e.g. if you haven’t heard John Coltrane’s The Complete 1961 Village Vanguard Recordings, it’s likely to be better than most new music you’ll hear this year.
In a masterfully edited video, David Ehrlich presents his 25 favorite films of 2013.
Fantastic. This video makes me want to stop what I’m doing and watch movies for a week. It’s a good year for it apparently…both Tyler Cowen and Bruce Handy argue that 2013 is an exceptional year for movies. I’m still fond of 1999… (via @brillhart)
The goal of this new delivery system is to get packages into customers’ hands in 30 minutes or less using unmanned aerial vehicles.
Putting Prime Air into commercial use will take some number of years as we advance the technology and wait for the necessary FAA rules and regulations.
Back in January, riffing off a piece by John Robb, I speculated that Amazon would be an early mover into delivery-by-drone:
More likely that Amazon will buy a fledgling drone delivery company in the next year or two and begin rolling out same-day delivery of items weighing less than 2 pounds in non-urban areas where drone flights are permitted.
You would buy smaller size packages and keep smaller libraries at home and in your office. Bookshelf space would be freed up, you would cook more with freshly ground spices, the physical world would stand a better chance of competing with the rapid-delivery virtual world, and Amazon Kindles would decline in value.
But for now, Amazon Prime Air sure is providing lots of Cyber Monday PR for Amazon.
The Chess World Championship is currently underway in Chennai, India. Through nine games, challenger and world #1 Magnus Carlsen is leading reigning world champ and world #8 Viswanathan Anand by the score of 6-3. It seems as though Carlsen’s nettlesomeness is contributing to his good fortunes.
Second, Carlsen is demonstrating one of his most feared qualities, namely his “nettlesomeness,” to use a term coined for this purpose by Ken Regan. Using computer analysis, you can measure which players do the most to cause their opponents to make mistakes. Carlsen has the highest nettlesomeness score by this metric, because his creative moves pressure the other player and open up a lot of room for mistakes. In contrast, a player such as Kramnik plays a high percentage of very accurate moves, and of course he is very strong, but those moves are in some way calmer and they are less likely to induce mistakes in response.
Or perhaps Carlsen’s just inspired by the lovely chess set they’re using? Either way, he needs just one draw in the remaining three games to win the Championship. Or putting it another way, Anand has to win all three of the remaining games to retain the title.
Three thousand years ago on a battlefield in ancient Palestine, a shepherd boy felled a mighty warrior with nothing more than a stone and a sling, and ever since then the names of David and Goliath have stood for battles between underdogs and giants. David’s victory was improbable and miraculous. He shouldn’t have won.
Or should he have?
In David and Goliath, Malcolm Gladwell challenges how we think about obstacles and disadvantages, offering a new interpretation of what it means to be discriminated against, or cope with a disability, or lose a parent, or attend a mediocre school, or suffer from any number of other apparent setbacks.
Take the book’s central message to be “here’s how to think more deeply about what you are seeing.” To be sure, this is not a book for econometricians, but it so unambiguously improves the quality of the usual public debates, in addition to entertaining and inspiring and informing us, I am very happy to recommend it to anyone who might be tempted.
Christopher Chabris at the Wall Street Journal was not so kind:
One thing “David and Goliath” shows is that Mr. Gladwell has not changed his own strategy, despite serious criticism of his prior work. What he presents are mostly just intriguing possibilities and musings about human behavior, but what his publisher sells them as, and what his readers may incorrectly take them for, are lawful, causal rules that explain how the world really works. Mr. Gladwell should acknowledge when he is speculating or working with thin evidentiary soup. Yet far from abandoning his hand or even standing pat, Mr. Gladwell has doubled down. This will surely bring more success to a Goliath of nonfiction writing, but not to his readers.
I enjoy Gladwell’s writing and am able to take it with the proper portion of salt…I read (and write about) most pop science as science fiction: good for thinking about things in novel ways but not so great for basing your cancer treatment on. I skipped Outliers but maybe I should give this one a try?
If your car is ever stolen, your first calls should be to every cab company in the city. You offer a $50 reward to the driver who finds it AND a $50 reward to the dispatcher on duty when the car is found. The latter is to encourage dispatchers on shift to continually remind drivers of your stolen car. Of course you should call the police too but first things first. There are a lot more cabs than cops so cabbies will find it first — and they’re more frequently going in places cops typically don’t go, like apartment and motel complex parking lots, back alleys etc. Lastly, once the car is found, a swarm of cabs will descend and surround it because cabbies, like anyone else, love excitement and want to catch bad guys.
For the Financial Times’ Lunch with the FT series, editor John McDermott sits down with Tyler Cowen at an inexpensive Ethiopian restaurant located in a strip mall. Lots of interesting little tidbits throughout.
Cowen is walking-talking-tweeting evidence for his theory. Why, then, apart from an early surge in the 1990s, hasn’t the internet led to more measurable economic gains? “My view of the internet is that it is way overrated in what it’s done to date but considerably underrated in what it will do.” He notes that it took decades for earlier major inventions to have institutions built around them, such as roads for cars and grids for electricity. “If you’re an optimist about what has come before, you tend to be a pessimist about what’s on the way.”
To his father, Lars seemed less defined by deficits than by his unusual skills. And those skills, like intense focus and careful execution, were exactly the ones that Sonne, who was the technical director at a spinoff of TDC, Denmark’s largest telecommunications company, often looked for in his own employees. Sonne did not consider himself an entrepreneurial type, but watching Lars — and hearing similar stories from parents he met volunteering with an autism organization — he slowly conceived a business plan: many companies struggle to find workers who can perform specific, often tedious tasks, like data entry or software testing; some autistic people would be exceptionally good at those tasks. So in 2003, Sonne quit his job, mortgaged the family’s home, took a two-day accounting course and started a company called Specialisterne, Danish for “the specialists,” on the theory that, given the right environment, an autistic adult could not just hold down a job but also be the best person for it.
I particularly liked Tyler Cowen’s observations:
Tyler Cowen, an economist at George Mason University (and a regular contributor to The Times), published a much-discussed paper last year that addressed the ways that autistic workers are being drawn into the modern economy. The autistic worker, Cowen wrote, has an unusually wide variation in his or her skills, with higher highs and lower lows. Yet today, he argued, it is increasingly a worker’s greatest skill, not his average skill level, that matters. As capitalism has grown more adept at disaggregating tasks, workers can focus on what they do best, and managers are challenged to make room for brilliant, if difficult, outliers. This march toward greater specialization, combined with the pressing need for expertise in science, technology, engineering and mathematics, so-called STEM workers, suggests that the prospects for autistic workers will be on the rise in the coming decades. If the market can forgive people’s weaknesses, then they will rise to the level of their natural gifts.
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