From the category archives:

Books

Good news day

by John Q on April 10, 2019

Two big pieces of news for me today. This morning I got the first physical copy of my book Economics in Two Lessons.

Then, I got the news that, for the first time in my career, I’ve had an article accepted in Econometrica, the top theoretical journal in economics. It’s full of arcane maths, drawing heavily on the expertise of my co-author Ani Guerdjikova, but the key implication is simple. If people aren’t equally good at predicting movements in asset prices, restrictions on the set of assets available to them may improve economic welfare. This undermines the general presumption that financial deregulation will be beneficial.

All in all, a good day!

“Vast”

by Henry Farrell on April 2, 2019

Today is a big day for some of us. Linda Nagata’s follow-up to the Nanotech Succession books, Edges is coming out. The third book in that previous series, Vast, is one of the great unrecognized SF classics of the last twenty years.

In _Trillion Year Spree_, Brian Aldiss suggests that one of the wellsprings of science fiction was the Victorians’ discovery that human beings were not at the center of the universe, were at most a temporary florescence in a process of evolution that had continued for billions of years before, and might continue for billions of years after. He describes the sense of radical alienation that this provoked, quoting a passage from one of Thomas Hardy’s novels where a character discovers a fossil in a cliff. This describes how humans, for the first time, really had to think about the age of things and their own cosmic unimportance. This perspective of deep time has been an important engine of science fiction ever since. Olaf Stapledon’s work provides one version. H.P. Lovecraft’s another (but that perspective is far more skilfully developed by Caitlin Kiernan, who is a paleontologist as well as writer)

Robert Charles Wilson’s Hugo winning novel, _Spin_ provides a famous take on what happens when human beings are forced to confront cosmological time. _Vast_  provides another, and in my opinion, even better one. Her characters have wandered out into a galaxy that is a battlefield from a civil war that ended thirty million years ago, still littered with weapons that are half-plague half-social contagion and vast autonomous spaceships, guided by colonies of “philosopher cells” that operate like cellular automata turned lethal. The human longing for transcendence becomes a trap that can enfold even those who are aware of its dangers in its sticky embrace. As one of the key characters reflects in a previous novel, looking at an insect that has wandered into his collection of carnivorous plants.

<blockquote>Lot wondered if the fly would have followed the sundew’s sweet scent if it could have comprehended the danger ahead of time. And he decided that it probably would have. Consciousness did not negate instinct. It only provided a post for self-observation.</blockquote>

Much current science fiction is sentimental, using a cold universe as mere backdrop for heartwarming stories about people with difficult backgrounds making new families for themselves. _Vast_, in contrast, isn’t even slightly sentimental, though it is  about family – unorthodox family, whose members often don’t particularly understand each other, and grow further apart as they speciate. The lesson that _Vast_ has – if it has a lesson, any more than the universe has one – is the need to adapt and change.

I don’t want to say any more, for fear of spoilers, except to recommend that you read it, if you at all think that you might want to. It deserves to be rediscovered, and folded back into the main story of science fiction, rather than merely serving as a well of hidden inspiration. It’s the third in a series, but I read it before the other two, and found that the additional sense of alienation and _in media res_ enhanced the story rather than detracting from it. Alastair Reynolds, whose books are deeply influenced by it, had the same experience. You can then dive into the earlier books as an excavation of the prehistory.

I’ve spent the last few weeks reading _Vast_ and its prequels in preparation for the new book’s launch. Twenty years later, the rest of the field has still to catch up with it.

 

Why is carbon pricing so hard?

by John Q on March 13, 2019

I’ve just published a piece in Aeon (an excellent and free online magazine) drawing on the analysis in my (about to be published) book Economics in Two Lessons. I make the case that carbon pricing, whether through a tax of an emissions trading scheme, is the most cost-effective way to stabilize the global climate. Moreover, it’s straightforward to offset any adverse effects on low-income earners, displaced workers and others.

That raises the obvious question: if carbon pricing is so good, why is it so hard to implement, compared to less efficient alternatives like mandatory renewable targets. One factor, which I discuss, is that the creation of property rights over previously open-access resources creates obvious, and often powerful losers.

I was limited by space, so I couldn’t discuss the more puzzling problem of why regulations are more politically salable than prices even in the absence of income effects.

Today I conclude my reflections on Art Young, occasioned by the great new book about him [amazon associates link]. For those disinclined to purchase, I found a copy of one of his books, On My Way (1928), in free PDF form. (Doc announces itself as legal. No copyright renewal, so it seems.) Anyway, in honor of my earlier, literary maps post: say! the endpapers make a swell map!

But the Art path I shall trace in this post is not from Monroe, WI, to Bethel, Conn. A few years back I published a survey article on ‘caricature and comics‘. On the one hand, caricature is a minor art form – not necessarily low but distinctly niche. Funny line drawings of celebrities. On the other hand, formally, caricature is very old and very broad. This produces categorial dissonance. Caricature techniques are at the root of styles we don’t think of as caricature. This is the main thesis of Gombrich’s Art and Illusion, by the by. (No one seems to have noticed, but it’s true.)

In that essay I make some points with reference to the case of caricaturist-turned-Expressionist, Lyonel Feininger, but I could have used Art Young.

But let me start at the beginning, regarding Young. I like reading stories of youthful artistic influence, so here is his, pieced together from the new book and other sources. [click to continue…]

Art Young and Dr. Seuss

by John Holbo on January 28, 2019

I don’t have time for a full appreciation of Art Young today, but I’ll re-recommend the new Fantagraphics book about him [amazon associates link] and advance one art historical thesis: Young was a significant influence on the style of Dr. Seuss. I have never seen this point made before. I didn’t realize it myself until a week ago. As an avid, amateur Seussologist, and student of lines of graphic influence in American cartoon art in the early 20th Century, I’m interested to see it. [click to continue…]

Belief In Hell As The Basis For Faith

by John Holbo on January 26, 2019

Our Corey is in The New Yorker! I was going to boost it for him but he got to it first.

But I’ll do it anyway.

The political convert was the poster child of the Cold War. The leading ideologues of the struggle against Communism weren’t ancient mariners of the right or liberal mandarins of the center. They were fugitives from the left. Max Eastman, Arthur Koestler, Whittaker Chambers, Sidney Hook, James Burnham, and Ignazio Silone—all these individuals, and others, too, had once been members or fellow-travellers of the Communist Party. Eventually, they changed course. More than gifted writers or tools of Western power, they understood what Edmund Burke understood when he launched his struggle against the French Revolution. “To destroy that enemy,” Burke wrote of the Jacobins, “the force opposed to it should be made to bear some analogy and resemblance to the force and spirit which that system exerts.”

Corey’s puzzle, per the subtitle: “defectors from the left have often given the right a spark and depth. Why doesn’t it work the other way around?”

We’ll get to that. But first I would like to report a coincidence. I’ve just been brushing up on Max Eastman myself. (Here’s a good Dissent piece, in case you need a refresher or introduction.) That’s because I’ve been reading about a different forgotten figure — the great cartoonist Art Young! Young is the subject of a new Fantagraphics books that is absolutely tops, and if you are the sort of person who might be remotely interested in anything of the sort, you should get it. It is To Laugh That We May Not Weep: The Life and Art of Art Young [publisher]. The Kindle version is cheap on Amazon [amazon associates link]. I don’t know how long that happy condition will last. If you don’t wanna pay, this site is pretty ok, too. The thing is: the new book contains lots of high quality reproductions of the original art, rather than just scans of the poorly printed originally published versions. The original art, properly reproduced, just pops to an incredible degree. The crosshatching. I’m in awe. Tomorrow or the next day I’m going to try to work up an appreciation of Young’s art. He was a pen and ink master. Just look at this nice stuff!


But politics. First, politics. [click to continue…]

Maps and Legends

by John Holbo on January 21, 2019

I’m seriously enjoying two new books. [click to continue…]

At Bertram’s Hotel

by Henry Farrell on January 9, 2019

I really enjoyed this John Lanchester essay on Agatha Christie, which came out a little before Christmas. I thought it was even better after watching John Malkovich play Poirot in the new BBC version of The ABC Murders. The essay explains in advance why the adaptation failed. Poirot is not so much a character as a bundle of mannerisms. To provide him with an interior life, much less a Secret Wound that drives his quest for justice, is to miss the point completely. [click to continue…]

Published! (almost)

by John Q on January 6, 2019

Economics in Two Lessons is listed as the #1 New Release in Microeconomics on Amazon. I’m not sure what this means, but it sounds encouraging.

It’s now available for preorder now, with a release date of April 23, the hardcover publication date. Apple books also has it for pre-order.

Thanks again to everyone who read and commented on the excerpts I published along the way. I’ve tried to mention you all in the acknowledgements, but it’s just about inevitable that I will have missed someone.

New discoveries: Ali Smith

by Chris Bertram on January 2, 2019

The most welcome change in our local area in the last few months is that we now have a local bookshop, [Storysmith Books](https://storysmithbooks.com/), and no longer have to traipse into town to Waterstones or Foyles or give our money to Jeff Bezos. I’ve always loved hanging around in bookshops (and record shops) since I was teenager, browsing, discovering new things, and that has become so much harder to do since the internet started killing the high street.

A couple of weeks before Christmas I was browsing in Storysmith, not very sure of what I wanted, and came across the first couple of volume’s of Ali Smith’s in-progress Seasons quartet *Autumn* and *Winter*. When things are in a sequence it is helpful to know what’s first, so I had to check that I wasn’t supposed to start with *Spring* or *Summer* (and indeed they’re still being written). Actually, though *Autumn* is first, the novels are quite independent (so far) and I could have read them in either order. Both *Autumn* and *Winter* are set in post-referendum Britain and the plots unfold against its division and dysfunctionality, but neither is didactically political. Each has at its centre a disruptive character who serves as a kind of moral and aesthetic exemplar: in *Autumn* it is Daniel Gluck, dying in a care-home at the age of 101 and the history of his friendship from her childhood with Elisabeth Demand a precariously employed young art historian, and his role in awakening her aesthetic sensibilty (and more broadly sensibility to life, nature). The Profumo Affair and the almost-forgotten British pop artist from the sixties, Pauline Boty, thread through the novel. In *Winter*, the action is centred around Christmas, a nature-blogger called Art who is a bit of a fraud and his trip home to see his entrepreneurial Leaver mother. Here the key relationship is between mother and her estranged sister (formerly of Greenham Common) and the disrupter is a young woman, Lux, hired by Art to impersonate the girlfriend who just dumped him. Both are wonderful books, and reminders that even against grey political skies, we can catch glimpses of beauty and spirit.

Having consumed these, and facing a wait till March for the next installment, I went looking for earlier work and finished *The Accidental*, yesterday, in which a middle-class English family, spending the summer in Norfolk, find their sense of themselves transformed by a mysterious visitor, Amber, who challenges each of them with a Nietzschean playfulness that is by turns benign and malevolent. It is a long time since I was twelve, but Smith’s imagining of the inner monologues of Astrid, the daughter and her elder brother Magnus is transporting. The theme: a family that is unhappy in its own way disturbed and changed by a chance encounter is very Anne Tylerish. But whilst Tyler’s prose is unshowy, Smith plays with language the whole time, punning, rhyming, even having characters think in sonnet form at one point. And she does this lightly and unpretentiously so that you are delighted rather than irritated. (The lightness and playfulness coupled with deadly seriousness about life and history also reminded me a lot of Pauline Erpenbeck.)

I can see that reading more Smith will take up quite a lot of the year to come.

Done!

by John Q on December 23, 2018

Today I sent off the corrected proofs of Economics in Two Lessons to the publishers, Princeton University Press #PrincetonUPress. They won’t look at it until New Year, but it doesn’t matter. The book is done, and I can sit down to Christmas dinner with the family knowing it’s off my hands.

Gene Wolfe on Gmail predictive text

by Henry Farrell on October 19, 2018

From this story, though it was the shortest and the most simple too of all those I have recorded in this book, I feel that I learned several things of some importance. First of all, how much of our speech, which we think freshly minted in our own mouths, consists of set locutions. The Ascian seemed to speak only in sentences he had learned by rote, though until he used each for the first time we had never heard them. Foila seemed to speak as women commonly do, and if I had been asked whether she employed such tags, I would have said that she did not – but how often one might have predicted the ends of her sentences from their beginnings.

Economics in Two Lessons: Introduction

by John Q on September 23, 2018

The publication date for my new book, Economics in Two Lessons, is set for May 2019. Until then, I’m putting extracts up on a Facebook page I’ve set up. Here’s the first one, part of the Introduction.

My last word on Nancy MacLean

by Henry Farrell on September 18, 2018

Attention conservation notice: This is a lengthy post looking to demonstrate, should demonstration be needed, that I am not a tool of the “Koch donor network.” Also: if you are interested in l’Affaire MacLean, your time is probably better spent reading this dissection of the book by Jennifer Burns in the new issue of History of Political Economy. [click to continue…]

Economics in Two Lessons: Acknowledgements

by John Q on August 30, 2018

Nearly seven years after I started, I’ve finally submitted the manuscript of Economics in Two Lessons to Princeton University Press. There’s still a lot of work to be done in turning it into a published book, and some changes are still needed, but this is as close to a milestone as I’m going to get.

Over the fold are the Acknowledgements. As I mention, I’m sure to have omitted someone, so if you have contributed comments and your name is missing, please point this out. Also, if there’s anyone commenting under a pseudonym who’d like me to use their real name, or vice versa, I’ll be happy to make the change.

[click to continue…]