The ESG investing movement (environmental, social, and corporate governance) is becoming potentially important, potentially good, and potentially corrupt.
I’ll walk through some of the sources of influence on it.Continue Reading
Book review: The Dawn of Everything: A New History of Humanity by David Graeber and David Wengrow.
This book is about narratives of human progress. I.e. the natural progression from egalitarian bands of maybe 20 people, to tribes, to chiefdoms, to states, with increasing inequality and domination by centralized bureaucracy. That progress is usually presumed to be driven by changes in occupations from foragers, to gardeners, to farmers, to industry.
Western intellectuals focus on debates between two narratives: Hobbesians, who see this mostly as advances from a nasty state of nature, and those following in Rousseau’s footsteps, who imagine early human societies as somewhat closer to a Garden of Eden. Both narratives suggest that farming societies were miserable places that were either small advances or unavoidable tragedies, depending on what you think they replaced.
Graeber and Wengrow dispute multiple aspects of these narratives. The book isn’t quite organized enough for me to boil their message down to a single sentence. But I’ll focus on what I consider to be the most valuable thread: we should be uncertain about whether humanity made (is making?) a big mistake by accepting oppression as an inevitable price of material wealth.
The Dawn of Everything asks us to imagine that humans could build (and may have been building) sophisticated civilizations without domination by powerful states, and maybe without depending on farming.Continue Reading
Book review: The Resilient Society, by Markus Brunnermeier.
This is a collection of loosely related chapters on current political topics such as pandemic response and macroeconomics. I haven’t read the whole book. But since each chapter is designed to stand alone, I feel comfortable reviewing a subset of the book.
They’re more readable than the comparable Wikipedia pages, but less rigorous.Continue Reading
Book review: Shut Out: How a Housing Shortage Caused the Great Recession and Crippled Our Economy, by Kevin Erdmann.
Why did the US have an unusually bad recession in 2008, followed by years of disappointing growth?
Many influential people attribute it to the 2004-2006 housing bubble, and the ensuing subprime mortgage crisis, with an implication that people bought too many houses. Erdmann says: no, the main problems were due to obstacles which prevented the building and buying of houses.
He mainly argues against two competing narratives that are popular among economists:
Book review: The Explanation of Ideology: Family Structure and Social Systems, by Emmanuel Todd.
What features distinguish countries that embraced communism from countries that resisted?
Why did Islam spread rapidly for a century and a half, then see relatively few changes in its boundaries for more than a millennium?
Todd’s answer is that the structure of the family is a good deal more stable than ideologies and religions, and different family structures create different constraints on what ideologies and religions will be accepted. Published in 1983, it still seems little-known.
Maybe this neglect is most pronounced in the English-speaking parts of the world, where one family structure is overwhelmingly popular, and alternatives are often dismissed as primitive relics. France seems more conducive to Todd’s insights, since France has four different family structures, each dominating in various regions.Continue Reading
It’s been a decade since I blogged about the benefits of avoiding news.
In that time I mostly followed the advice I gave. I kicked my addiction to The Daily Show in late 2016 after it switched from ridiculing Trump to portraying him as scary (probably part of a general trend for the show to be less funny). I got more free time, and only missed the news a little bit.
Then the pandemic hit.
I suddenly needed lots of new information. Corporate earnings releases were too slow.
Wikipedia, Our World in Data, Metaculus, and some newly created COVID-specific web sites partly filled that gap. But I still needed more, and I mostly didn’t manage to find anything that was faster or more informative than the
news media storyteller industry.
That at least correlated with higher than normal stress. I suspect that paying attention to the storytellers partly caused the stress.Continue Reading
TL;DR: loss of topsoil is a problem, but not a crisis. I’m unsure whether fixing it qualifies as a great opportunity for mitigating global warming.
This post will loosely resemble a review of the book Dirt: The Erosion of Civilizations, by David R. Montgomery. If you want a real review, see Colby Moorberg’s review on Goodreads.
Depletion of topsoil has been an important cause of the collapse of large civilizations. Farmers are often tempted to maximize this year’s production, at the cost of declining crop yields. When declining yields leave an empire unable to feed everyone, farmers are unwilling to adopt techniques that restore the topsoil, because doing so will temporarily decrease production further. The Mayan civilization seems to have experienced three cycles of soil-driven boom and bust lasting around 1000 years per cycle.Continue Reading
Book review: The Cult of Smart, by Fredrik deBoer.
The Cult of Smart is a sporadically thoughtful book about education politics, sometimes rising above tribal politics, and sometimes repeating tired old tribal rants.Continue Reading
Last month, I conceded defeat in my bet (with Robin Hanson) that US COVID-19 deaths would be less than 250,000.
My biggest mistake was thinking voters would care about results, and unite against a common enemy as they did in WWII. I should have been more aware of the tendency to treat natural deaths as more acceptable than deaths due to a hostile agent. Robin clearly did better at evaluating this.Continue Reading
From The problem with rapid Covid testing, Mayank Gupta writes:
The absolute number of false positives would rise dramatically under slightly inaccurate, broad surveillance testing. At least initially, the number of people going to the doctor to ask what to do would also rise. One can imagine if doctors truly flubbed and didn’t know how to advise patients accurately, a lot of individual patients would lose trust in the medical system (testing, doctors, or both). The consequence of this would be more resistance to health public policy measures in the future.
This seems like the tip of an important iceberg.Continue Reading