Nobel Laureate, Angus Deaton: Rethinking My Economics

Angus Deaton at the website of the IMF:

Economics has achieved much; there are large bodies of often nonobvious theoretical understandings and of careful and sometimes compelling empirical evidence. The profession knows and understands many things. Yet today we are in some disarray. We did not collectively predict the financial crisis and, worse still, we may have contributed to it through an overenthusiastic belief in the efficacy of markets, especially financial markets whose structure and implications we understood less well than we thought. Recent macroeconomic events, admittedly unusual, have seen quarrelling experts whose main point of agreement is the incorrectness of others. Economics Nobel Prize winners have been known to denounce each other’s work at the ceremonies in Stockholm, much to the consternation of those laureates in the sciences who believe that prizes are given for getting things right.

Like many others, I have recently found myself changing my mind, a discomfiting process for someone who has been a practicing economist for more than half a century. I will come to some of the substantive topics, but I start with some general failings.

More here.

The Extraordinary Life and Work of Frans de Waal

Lawrence M. Krauss in Quillette:

Frans de Waal, one of the world’s preeminent primatologists, passed away on 14 March 2024, at the age of 75. He was the Charles Howard Candler Professor Emeritus of Psychology and former director of the Living Links Center for the Advanced Study of Ape and Human Evolution at the Emory National Primate Research Center.

His passing is a loss not just for his family and friends, but for science and society more broadly. De Waal’s death ends a career that showed what science can accomplish at its very best, by changing our perspective on ourselves and our place in the cosmos.

Frans was more than just a colleague and friend to me. He was a teacher. I count myself among the innumerable people who were impacted by his writing and lecturing in clear and explicit ways.

That is why I don’t feel that it is inappropriate for me to pen this brief memorial, even though I am a theoretical physicist and Frans was a primatologist.

More here.

On Hungary and the strange bedfellows of anti-refugeeism

Holly Case in the Boston Review:

Last September an article on the front page of a leading Hungarian daily began, “The story of the ever-deepening refugee crisis is taking ever more unexpected turns.” A prominent Hungarian intellectual and former dissident, György Konrád, had come out in support of the efforts of the Hungarian government to build a wall to keep out newcomers and to cast them as economic opportunists rather than political refugees. In another corner of the Hungarian media, pundits were citing passages from The Final Tavern (A végső kocsma), a 2014 book by Holocaust survivor and 2002 Nobel laureate Imre Kertész, who passed away last month. In the book, Kertész was sharply critical of liberals’ welcoming attitude toward Muslim refugees and migrants. His and Konrád’s statements were registered with incredulity in the liberal press and with undisguised relish on the right.

Anyone who has followed the serpentine trajectory of Hungarian politics since the controlled collapse of state socialism in 1989 might be forgiven for throwing their hands up in confusion. For more than two and a half decades, Hungarian political life has been a story of reversals.

More here.

Maniza Naqvi on Saving Karachi’s Oldest Bookstore

Maniza Naqvi at Literary Hub:

Back in December 2016, I was sitting in my office at the World Bank in Washington, D.C., feeling unmoored and disheartened. Every day, I walked through Lafayette Park in front of the White House to get to my work. But lately, the noise had been so loud and ugly about the Muslim ban and building a wall. I was beginning to panic. What’s a person like me even supposed to do about this? Why am I even here?

I came from Pakistan thirty years ago for my job. I absolutely love my job. I get to work with national and local governments and villages to build social safety nets in order to reduce poverty. I get to design and supervise projects. I don’t actually do anything with my own hands, but I’m on the ground in many different countries, and I travel a lot. And now—as if flying while Muslim wasn’t fun enough—they’re going to ban me too?

I feel scattered all over the map. My writing helps to ground me. But still, I feel like I need a change. I need someone to throw me a lifeline.

More here.

The Keys to a Long Life Are Sleep and a Better Diet—and Money

Matt Reynolds in Wired:

In one way or another, the superrich have always been trying to extend their lives. Ancient Egyptians crammed their tombs with everything they’d need to live on in an afterlife not unlike their own world, just filled with more fun. In the modern era, the ultra-wealthy have attempted to live on through their legacies: sponsoring museums and galleries to immortalize their names.

Today’s elite take life-extension a lot more literally. Skipping neatly over the matter of Bryan Johnson’s nightly penis rejuvenation regime, billionaires like Jeff Bezos and Peter Thiel are sinking big money into the prospect of therapies to extend our mortal lives.

But how would one do that exactly? In his new book, Why We Die, Nobel Prize–winning biologist Venki Ramakrishnan breaks down the biology of aging to examine what potential humankind really has for life extension.

More here.

Eleven of the greatest scientific hoaxes

Eleanor Harris in New Scientist:

CRAP paper accepted by journal

At New Scientist we love a good hoax, especially one that both amuses and makes a serious point about the communication of science. So kudos to Philip Davis, a graduate student at Cornell University in Ithaca, New York, who got a nonsensical computer-generated paper accepted for publication in a peer-reviewed journal.

The Sokal hoax

In 1996, American physicist Alan Sokal submitted a paper loaded with nonsensical jargon to the journal Social Text, in which he argued that quantum gravity is a social and linguistic construct. (Read Sokal’s paper). When the journal published it, Sokal revealed that the paper was in fact a spoof. The incident triggered a storm of debate about the ethics of Sokal’s prank.

More here.

Sunday Poem

“Damn!”

Sometimes he’d be washing the car
. . . all by himself|
and he’d say, “Damn!”
or sweeping the last dry morsels of leaves
onto an old dust pan
saved just for outside
for when he was alone
in the silence of a summer afternoon
he’d say, “Damn!”
He didn’t go to his aubuelita’s funeral
He wasn’t there when his father died
He was with someone else he loved,
and he wasn’t there the moment she died
Y le pesaba, sabes?
An anvil of loneliness
would fall into his chest
and he’d say, “Damn!”

by César A Gonzalez
from
Paper Dance, 55 Latino Poets
Persea Books, 1995

Y le pesaba, sabes?: and it weighed on him, you know?

Saturday, March 23, 2024

An Exquisite Biography of a Gilded Age Legend

Megan O’Grady at the New York Times:

Bright, impetuous and obsessed with beautiful things, Isabella Stewart Gardner led a life out of a Gilded Age novel. Born into a wealthy New York family, she married into an even wealthier Boston one when she wed John Lowell Gardner in 1860, only to be ostracized by her adopted city’s more conservative denizens, who found her self-assurance and penchant for “jollification” a bit much.

Belle, as she was known, thought nothing of bringing home lion cubs from the zoo to show off at teatime, or of taking a younger lover. The necklines of her couture dresses were low; her trademark rope of pearls — a gift from her devoted (and long-suffering) husband — hung nearly to her knees. Society columnists struck a tone of derisive admiration: One 1894 profile marveled at Gardner’s magnetism, given that her face was “almost destitute of those lines of beauty” appreciated at the time.

more here.

The Virtue of Slow Writers

Lauren Alwan at The Millions:

The world can be impatient with slow writers. Nearly a decade after Jeffrey Eugenides published MiddlesexDwight Garner wrote in The New York Times, “It has been a long, lonely vigil. We’d nearly forgotten he was out there.” Garner’s 2011 article, “Dear Important Novelists: Be Less Like Moses and More Like Howard Cosell,” argues the “long gestation period” among the period’s young writers (Middlesex was written over nine) marks “a desalinating tidal change in the place novelists occupy in our culture.” The writer, hidden away in monkish solitude, is no longer a commentator on events of the moment in the vein of, say, Saul Bellow. Bellow wrote four massive books in 11 years, and in doing so, Garner says, “snatched control, with piratical confidence and a throbbing id, of American literature’s hive mind.” Comparing Eugenides’s books, he notes, “So much time elapses between them that his image in dust-jacket photographs can change alarmingly.” Write slowly and not only do you risk being forgotten, you may no longer be recognizable.

more here.

‘Organising is the best kind of antidepressant’: Astra Taylor and Leah Hunt-Hendrix on solidarity

Amy Fleming in The Guardian:

Leah Hunt-Hendrix and Astra Taylor’s new book, a galvanising examination of the history of solidarity and how we can use it today to shape a fair and sustainable future, was born out of friendship. But the pair are from distinctly different backgrounds. Taylor is a Canadian-born writer, film-maker, musician and activist (the pair prefer the term organiser, more of which later) who grew up in Athens, Georgia. Hunt-Hendrix is an activist, too, as well as a political theory scholar and granddaughter of a Texas oil billionaire. She grew up on Fifth Avenue in Manhattan, spending summers in Dallas.

The two women met at Occupy Wall Street in 2011. They first wrote together in 2015, creating a technology issue for the Nation magazine and, says Hunt-Hendrix, “decided we were great collaborators and that was something we wanted to keep doing”.

They started writing Solidarity during lockdown, but publication was delayed because their original publisher, Verso, was in dispute with its union, so they decided to switch in solidarity with Verso’s workers. As they finally gear up for their book tour, they sit and talk – Taylor, who is visiting family in North Carolina; Hunt-Hendrix at home in New York, a little croaky from the interrupted nights of new motherhood – about what solidarity means to them and why beating polarisation is our only hope.

More here.

Civil Society’s Proper Place

Lee Siegel in the Ideas Letter, with a response from Jonas Rolett:

Contrary to the old saw, history never repeats itself as farce. History is too high stakes ever to be considered a farce. Rather, historical trends disintegrate over time into fragments of pastiche.

Consider the recent trend of “The Great Resignation” and “quiet quitting,” which developed in the context of media speculation about a world in which people did not have to work as much, or in an office, or, ideally, at all. “Why should I let the toad work/Squat on my life?” as Philip Larkin put it. It seemed as though the world was on the verge of a revolution in social and economic life similar to the transformations that occurred in the wake of the Second World War, when western European countries evolved into various degrees of social democracy. But that paradigmatic shift occurred as a result of a global economic crash and a world war’s massive devastation, and it was also a concession in the face of the communist threat. “Quiet quitting,” by contrast, was the creation of a bored TikToker playing around online in the most prosperous country on earth. (As for Larkin, he wryly concluded in a letter that “work, paradoxically enough, is a comfort. One wakes up wanting to cut one’s throat; one goes to work, & in 15 minutes one wants to cut someone else’s—complete cure!”)

Or look at the new style of right-wing populist writers, who indignantly beat their chests over corporations’ heedless treatment of workers. Reading them is like being caught in a double warp of time and ideology. The rhetoric dates back to the 1930s radical left, and the political sentiment has existed on the liberal side of things for over a century. Since it is hard to imagine the American political right becoming pro-labor or attempting to diminish the power of corporations, the rhetoric is—leave aside what often feels like a veiled authoritarian purpose behind it— surreal, familiar words whirling unfamiliarly in a bespoke political snow globe. They have no actual place to go.

More here.

Parties and Movements

Sheri Berman, Andre Pagliarini, Zachariah Mampilly and Nick Serpe in Dissent:

For many socialists, the classic political model comes from the left-wing parties grounded in workers’ movements that formed in Europe over a hundred years ago. Today, many of the left’s broadest goals, and its primary antagonists, remain the same. But the conditions under which socialists pursue those goals have changed drastically. And the social and political climate varies greatly across our unequal planet.

This conversation, held in October, brings together scholars who focus on different regions in order to help us understand the challenges that left political formations and popular movements face around the world. What do they hold in common? Where do their perspectives diverge? What brought them to this point—and where are they headed?

Nick Serpe: Let’s start with one story about what’s going on with the left, particularly in the Global North: the development of what Thomas Piketty calls a Brahmin left, against a populist right, in a moment of class dealignment. Sheri, is this story a good framework for thinking about current challenges in Europe?

Sheri Berman: There clearly is a story to tell about how the groups that vote for the left have shifted over the past few decades. People are concerned about right-wing populist parties not only because they are a potential threat to democracy, but also because they have captured a significant share of working-class voters. Piketty has written a lot about how the left these days is often more associated with folks like those who read Dissent— highly educated, middle-class people who are socially liberal and perhaps also economically liberal, but are defined primarily by the former rather than the latter.

More here.

Is Kevin Hart funny?

Travis Andrews in The Washington Post:

Kevin Hart insists he’s never written a joke.

Which is odd, because he’s this year’s recipient of the Mark Twain Prize for American Humor.

Hart is one the most famous comedians alive, but comedy is a mere sliver of his portfolio. He’s a restaurateur, a rapper, an actor, a businessman, a brand wholly unto himself. He has built an empire from fast-casual restaurants, a tequila brand, a protein-shake line, a production company, more than $4 billion at the box office and sold-out arena shows — ostensibly by telling jokes. Other comics crave comedic legacies. He craves generational wealth.

He hopes to be a billionaire by the time he turns 45. That’s in July.

“For me, it’s about becoming a mogul, owning my own projects and establishing myself as a funding producer,” Hart told Collider in 2013. “For me, it’s about history,” he said on an episode of “Hot Ones” in 2016. “It’s about making sure that last name Hart means something when it’s all said and done.” “For me, it’s building an empire,” he said to Marc Maron in 2017.

More here.

Why Your Diet Needs More Fermented Pickles

Matt Fuchs in Time:

Maybe you heard somewhere that pickles are a “superfood,” and dutifully added them to your shopping list. Unfortunately, you may reach for the wrong jar, because many pickles at supermarkets aren’t especially good for you. Scientists have made progress in separating fact from fiction when it comes to health claims about pickles: both the cucumber kind, and other types of pickled vegetables. We asked experts how to find the healthiest kinds of pickles, which benefits are backed by research, and the right amount to eat every day.

…More research is needed, but a few dozen studies have been well designed to compare diets with pickled vegetables to diets with non-pickled versions of the same vegetables, Hutkins says. Most of this research has been conducted in Korea and focuses on kimchi, or pickled cabbage—not pickled cucumbers. But the findings are promising, with fermented vegetables—again, mostly cabbage—linked to significantly better glucose metabolism, lower risk of Type 2 diabetes, a more robust immune system, decreased triglyceride levels, and higher HDL cholesterol (the good kind) in people who ate them.

More here.

Saturday Poem

Crossings -xxxii

Running water never disappointed.
Crossing water always favored something.
Stepping stones were stations of the soul.

A kesh could mean the track some called a causey
Raised above the wetness of the bog.
Or the causey where it bridged old drains and streams.

It steadies me to tell these things. Also
I cannot mention keshes or the ford
Without my father’s shape appearing to me

On a path toward sunset, eyeing spades and clothes
That turfcutters stowed perhaps or souls cast off
Before they crossed the log that spans the burn.

by Seamus Heaney
from
Seeing Things
The Noonday Press 1991

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