A Conversation on Institutional Economics and History with Nobel Laureate James Robinson—Part I

Pranab Bardhan at his Substack:

James Robinson is a professor at the University of Chicago and a co-winner of the Nobel Prize in Economics in 2024. Jim has been a friend for many decades and was for some time my colleague in Berkeley. This conversation is in 2 parts. Below you’ll find four questions by me and Jim’s response to them. The second part, consisting of four more questions and his answers, will be posted next week. I should mention here that by ‘institutions’ economists generally mean the social rules, conventions and other elements of the structural framework of socio-economic interaction.

More here.  And Part II is here.

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Toni Morrison: The Life of a Literary Giant

Bayan Atari in The Dig:

Having authored a multitude of fiction and nonfiction works, Howard University alumna and professor Toni Morrison (B.A.’53, H ’95) is one of the most celebrated and controversial modern authors. Her enduringly poignant literary work explores the plurality of Black narratives, particularly through the eyes of Black women and girls, in a stunningly eloquent and versatile literary voice. Troubled by the dominant assumption of a white reader, Morrison made a point of not centering the white gaze. Her revolutionary oeuvre attracted critical acclaim in the United States and around the world, and in 1993 Morrison made history as the first African American woman to win the Nobel Prize in Literature. Morrison’s novels continue to be a subject of richly complex scholarship, contemporary relevance, and attempted censorship.

Morrison was born Chloe Ardelia Wofford on February 18th, 1931, in the small industrial town of Lorain, Ohio. Both of Morrison’s grandparents were sharecroppers from Alabama, and because her grandfather grew up during a time when it was illegal for Black people to read at all, her parents felt strongly about encouraging her to read. Though the Woffords moved to different apartments around Lorain frequently, as they struggled to pay rent, the Lorain Public Library remained an important part of the family’s life. In 1995, she attended the dedication of the Toni Morrison reading room at the Lorain Public Library.

More here. (Note: Throughout February, at least one post will be devoted to Black History Month: A century of Black History Commemorations)

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Wednesday Poem

Written for the inauguration of Zohran Mamdani,
Jan 1, 2026, NYC.

Proof

You have to imagine it:
______________
Who said you were too dark/too
Large? Too queer/too loud?
______________
Who said you were too poor/
Too strange? Too fat?
______________
You have to imagine it:
______________
Who said you must keep quiet?
Who heard your story, then
Rolled their eyes?
______________
Who tried to change your name
To invisible?
______________
You’ve got to imagine:
______________
Who heard your name
And refused to pronounce it?
Who checked their watch
And said “not now”?
______________
James Baldwin wrote:
______________
“The place in which I’ll fit
Will not exist
Until I make it.”
______________
New York, city of invention,
Roiling town, refresher
And re-newer,
______________
New York, city of the real,
Where the canyons
Whisper in a hundred
Tongues,
______________
New York,
Where your lucky self
Waits for your
Arrival,
______________
Where there is always soil
For your root.
______________
This is our time.
______________
The taste of us/the spice of us
The hollers and the rhythms and
The beats of us.
______________
In the echo of our
Ancestors,
Who made certain we know
Who we are.
______________
City of Insistence,
City of Resistance,
______________
You have to imagine:
______________
An Army that wins without
Firing a bullet,
A joy that wears down
The rock of no.
______________
Up from insults,
Up from blocked doors,
Up from trick bags,
Up from fear/up from shame,
Up from the way it was done before.
______________
You have to imagine:
______________
That space they said wasn’t yours.
That time they said you’d never own.
The invisible city lit, on its way.
______________
This moment is our proof.

from The Poetry Foundation

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Tuesday, February 24, 2026

The Next Great Transformation

Jeremy Shapiro at The Ideas Letter:

Artificial intelligence has rapidly become a central arena of geopolitical competition. The United States government frames AI as a strategic asset on par with energy or defense and seeks to press its apparent lead in developing the technology. The European Union lags in platform power but seeks influence over AI through regulation, labor protections, and rule-setting. China is racing to catch up and to deploy AI at scale, combining heavy state investment with administrative control and surveillance.

Each of these rivals fears falling behind. Losing the AI race is widely understood to mean slower growth, military disadvantage, technological dependence, and diminished global influence. As a result, governments are pouring money into chips, data centers, and national AI champions, while tightening export controls and treating compute capacity as a strategic resource. But this familiar race narrative obscures a deeper danger. AI is not just another general-purpose technology. It is a force capable of reshaping the very meaning of work, income, and social status. The states that lose control of these social effects may find that technological leadership offers little geopolitical advantage.

History suggests that societies unable to absorb disruptive economic change become politically volatile, strategically erratic, and ultimately weaker competitors. The central question, then, is not only who builds the most powerful AI systems, but who can integrate them into society without triggering a societal backlash or an institutional breakdown.

More here.

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The global economy hinges on this fingernail-sized silicon chip

From Big Think:

Hidden inside every swipe, search, and AI prompt is a fingernail-sized slab of silicon — etched with billions of switches — built in $20 billion factories using machines so precise they border on science fiction. And because only a handful of companies (and a few chokepoint countries) can make the most advanced chips, the semiconductor supply chain has become the real front line of the AI race and U.S.–China competition.

In this full length interview, Chip War author Chris Miller explains how microchips are made, why their production is so insanely hard to scale, and why the world’s economic future may hinge on a technology most of us will never see.

More here.

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The Misuses of the University

François Furstenberg at Public Books:

Johns Hopkins is launching its 150th anniversary celebration. When it was founded in 1876, American universities were still mostly finishing schools for children of the nation’s elite. Hopkins introduced the modern research university to the US, importing the model from Germany, helping reshape American higher education in its image.

At the convocation, speakers announce the coming “sesquicentennial”: once, twice, three times, and then again, lest anyone forget. It’s a great word, he thinks. He tries to use it in a sentence.

The incoming chair of the university’s board of trustees is on hand. He looks nervous. He’s younger than most faculty on stage, the managing partner of a private equity firm based in Boston, with offices in London, Mumbai, Hong Kong, and Menlo Park. Kept, like all faculty, at a safe distance from the trustee, the history professor asks himself what this person can know about running a university.

More here.

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Tuesday Poem

 

“Real improvement can be hoped for only if there is a
radical change of consciousness. I fear all other measures will
remain unreliably palliative since they do not penetrate to the
depths where the evil is rooted and constantly renewed.”
…………………………………………………………………. —Carl Jung

By Way of Compensating

By way of compensating for the loss of a world
that pulsed with our blood and breathed with our breath,
we have developed an enthusiasm for facts— mountains
of facts, far beyond any single individual’s power to survey.

We have the pious hope that this incidental accumulation of
facts will lead to a meaningful whole, but nobody is quite sure,
because no human brain can possibly comprehend the gigantic
sum total of this mass-produced knowledge.

The facts bury us.

No one has yet become a good surgeon
by learning the textbooks by heart.
Yet the danger that faces us today is that
the whole of reality will be replaced by words.
This accounts for that terrible lack of instinct
in modern man, particularly the city-dweller.
He lacks contact with life and the breadth of nature.

All time-saving devices, amongst which we must count
easier means of communication and other conveniences,
do not, paradoxically enough, save us time but merely
cram our time so full that we have no time for anything.

Hence the breathless haste, superficiality, and nervous
exhaustion with all the concomitant symptoms— craving
for stimulation, impatience, irritability, vacillation, etc.
Such a state may lead to all sorts of other things,
but never to any increased culture of the mind and heart.

Author, Anonymous
From Salty Politics, 02/23/26

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The Cultural Politics Of Sumo Wrestling

Joshua Hunt at Harper’s Magazine:

The rules of Japan’s national sport are relatively straightforward: two rikishi—literally, “strong men”—face each other near the center of the ring, crouched on their haunches, like plus-size sprinters waiting to explode out of the starting block. They will often squat and then rise to stamp their feet or throw salt on the ground. When the referee signals the start of the match, they rush toward each other and collide with the same force that a person might absorb after falling from a height of two or three stories. From their fleshy collision, one man tends to emerge with the advantage of surer footing or a firmer grip on his opponent’s loincloth, known as a mawashi, which wrestlers can use to lift and toss each other around the ring. Whoever can force his adversary from the ring or get any part of his body other than the soles of his feet to touch the ground is the winner.

What I was watching near Lake Suwa was only a practice bout, but the wrestlers were nevertheless busy with their usual prematch rituals, pacing back and forth and tossing salt.

more here.

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What’s So Funny About Infinite Jest?

Lora Kelley at the Paris Review:

How does one start Infinite Jest? In the year 2026, thirty years after its initial release, the book is a distinctive cultural object. It has been memed to oblivion, its author eulogized and criticized and transformed into an enormous posthumous celebrity. Infinite Jest has a reputation for being brilliant, transcendent, transformative, genius. But it’s also thought to be tricky, long, confusing, pretentious, unfashionably male, and embarrassing to read on the subway. “There’s that horrible joke: ‘If you go to a guy’s house and he has a copy of Infinite Jest, don’t fuck him,’ ” Sarah McNally, the owner of McNally Jackson, told me. “I profoundly disagree with that,” she added, laughing. To the contrary, she said, she finds the book quite “seductive.”

David Foster Wallace meant for the novel to pull readers in; he wanted, among other things, for people to like it. He said a few months after Infinite Jest came out that “a lot of the avant-garde has forgotten that part of its job is to seduce the reader into being willing to do the hard work,” and that he feared that people would find his new book gratuitously difficult.

more here.

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Monday, February 23, 2026

Why it’s funnier when you’re not allowed to laugh

Michelle Spear in The Conversation:

Most people recognise the experience. A solemn setting. Absolute silence. A fleeting visual detail that is, in any other context, only mildly amusing at best. Yet the harder you try to suppress the laugh, the more uncontrollable it becomes. When someone else notices it too, restraint becomes next to impossible.

This kind of laughter that comes from trying not to laugh isn’t confined to religious spaces. It happens in any setting where silence, seriousness and self-control are tightly enforced and uncontrolled laughter is frowned upon.

Rather than being bad manners or a lack of emotional maturity, it tells us something about how the brain behaves under pressure. The science behind it is surprisingly complex.

More here.

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Microsoft team creates ‘revolutionary’ data-storage system that lasts for millennia

Elizabeth Gibney in Nature:

Researchers at Microsoft have created a data-storage system that can remain readable for at least 10,000 years — and probably much longer.

In the digital age, the need for data storage is ballooning. But current magnetic tapes and hard drives are ill-suited for long-term data storage because they degrade in about ten years. This “impressive” glass-based alternative could “in principle, act as near-permanent archival storage for backup of critical data”, says Mark Bathe, a biological engineer at the Massachusetts Institute of Technology in Cambridge.

The Microsoft team used a high-energy laser to imprint deformations into a 3D chunk of borosilicate glass, the kind used in ovenware. Each deformation encodes data that can be read out using a microscope.

A 12-centimetrewide, 2-millimetre-thick square of the glass can store 4.8 terabytes of data, the equivalent of around two million printed books, the authors demonstrate in their paper published in Nature on 18 February.

More here.

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The Thing We Call Exile

Carlos Manuel Álvarez (translated by Will Noah) at Equator:

It is five years since I was exiled. My own erasure must be underway. Though for a long time I resisted settling in the US, I now live in New York. If I’m ever able to return to Cárdenas, it will surely be as an intruder in my own town; another ambassador from a foreign society. While the government or the military banish you deliberately, ordinary people can do the same through indifference – a form of cruelty that can’t be blamed on anyone in particular because, in truth, nobody wills it.

People tend to assume that the challenge of exile lies in finding a sense of purpose in your displacement, in inventing something from nothing. But often it’s sadder and more concrete: accepting the meaning that others have assigned to your life.

There’s something anachronistic about becoming an exile from communism long after the fall of the socialist bloc. The Cold War ended, and even what came after it seems to be reaching its end. I can’t pretend I live in a world where the Soviet Union still exists. Yet much of the Cuban community in the US has decided to keep replicating this conservative fantasy, especially after the rise of Donald Trump.

More here.

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