<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" version="2.0"><channel><title>Book Reviews @ www.productivityshock.com</title><link>http://www.productivityshock.com/</link><description>(Book Reviews) </description><copyright>Copyright 2008 www.productivityshock.com</copyright><generator></generator><lastBuildDate>Mon, 06 Oct 2008 16:46:00 GMT</lastBuildDate><image><title>Book Reviews @ www.productivityshock.com</title><url>http://server1.blog-city.com/images/bc_v5_logo_small.gif</url><link>http://www.productivityshock.com/</link></image><ttl>360</ttl><docs>http://backend.userland.com/rss</docs><item><title>Not baaaaad</title><guid isPermaLink="true">http://www.productivityshock.com/not_baaaaad.htm</guid><link>http://www.productivityshock.com/not_baaaaad.htm</link><pubDate>Mon, 30 Jul 2007 23:11:00 GMT</pubDate><comments>http://www.productivityshock.com/console/comments/popup/?f=not%5Fbaaaaad</comments><dc:creator>Jason Briggeman</dc:creator><description><![CDATA[<p>After <a href="http://select.nytimes.com/2007/07/30/opinion/30kristof.html?hp">this morning&#39;s paean</a> from New York Times globetrotter Nicholas Kristof,&nbsp;<a href="http://www.amazon.com/Myth-Rational-Voter-Democracies-Policies/dp/0691129428/ref=pd_bbs_sr_1/103-5124060-6734203?ie=UTF8&amp;s=books&amp;qid=1185835925&amp;sr=8-1"><em>The Myth of the Rational Voter</em></a> by GMU econ prof/P-Shock fave&nbsp;<a href="http://econlog.econlib.org/">blogger</a>/<a href="http://www.bcaplan.com/">lousy web designer</a> (let the Googlebombing begin)&nbsp;Bryan Caplan has soared to #60 on the book sales chart at Amazon, a ranking&nbsp;that I <em>know</em>&nbsp;(on the basis of some private information!) he is watching with&nbsp;great interest.&nbsp; Now&nbsp;my question is:&nbsp; will book key phrase <a href="http://www.amazon.com/phrase/pessimistic-bias/ref=sip_bod_10/103-5124060-6734203">&quot;pessimistic bias&quot;</a> turn pop political catchphrase?</p>]]></description></item><item><title>Thomas Hobbes on Kidd v. Kidd</title><guid isPermaLink="true">http://www.productivityshock.com/thomas_hobbes_on_kidd_v_kidd.htm</guid><link>http://www.productivityshock.com/thomas_hobbes_on_kidd_v_kidd.htm</link><pubDate>Thu, 11 Jan 2007 06:36:00 GMT</pubDate><comments>http://www.productivityshock.com/console/comments/popup/?f=thomas%5Fhobbes%5Fon%5Fkidd%5Fv%5Fkidd</comments><dc:creator>Jason Briggeman</dc:creator><description><![CDATA[<p>Beth DeFalco of the Associated Press <a href="http://slam.canoe.ca/Slam/Basketball/NBA/2007/01/10/3279847-ap.html">reports</a>:</p>
<blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
<p>A day after [NBA star] Jason Kidd claimed in divorce papers to be a victim of spousal abuse, his wife's lawyer said the New Jersey Nets point guard had no reason to fear the diminutive woman.</p>
<p>&quot;He says he's threatened by her?&nbsp; He's a star athlete.&nbsp; She's five-foot-two, I think, and 105 pounds,&quot; said celebrity New York divorce lawyer Raoul Felder, one of the lawyers representing Joumana Kidd.</p>
</blockquote>
<p dir="ltr">In response, the plaintiff <a href="http://www.google.com/search?q=ballhandler">ballhandler</a> could cite a great English philosopher.&nbsp;&nbsp;As Gabriella Slomp writes in her <em><a href="http://www.amazon.com/Thomas-Hobbes-Political-Philosophy-Glory/dp/0312234198">Thomas Hobbes and the Political Philosophy of Glory</a></em> (2000, pp. 25-26, emphasis hers):</p>
<blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
<p dir="ltr">Throughout his writings Hobbes often concedes that strength is unevenly distributed among people, but stresses that even the strongest of persons is vulnerable to otherwise weaker individuals.&nbsp; He grounds his claim of natural equality on the observation of the <em>complete fragility of the human body</em>.&nbsp; For example, in <em>Elements of Law </em>he points out that</p>
<blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
<p dir="ltr">the weaker in strength or in wit, or in both, may utterly destroy the power of the stronger, since there needeth but little force to the taking away of a man's life (<em>Elements of Law</em>, 70).</p>
</blockquote></blockquote>
<p dir="ltr">I have been reading about Hobbes&nbsp;for my work on theory of government, and Slomp's book has been most helpful.&nbsp; The following&nbsp;item (p. 61) is particularly illuminating with regard&nbsp;to the emergence of democracy:</p>
<blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
<p dir="ltr">In <em>De Cive</em>&nbsp;and <em>Leviathan</em> Hobbes suggests that it is not because of idealistic trust in popular wisdom, but because of their personal ambition that individuals tend to prefer democracy to monarchy (<em>Leviathan</em>, 172) in so far as they believe to have more chances to succeed and to have their views accepted and implemented.&nbsp; Hobbes argues that frustrated ambition and desire to excel one upon the other make this form of government more vulnerable and more prone to dissolution than monarchy:</p>
<blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
<p dir="ltr">That men see not the reason to be alike in a Monarchy, and in a Popular Government, proceedeth from the ambition of some, that are kinder to the government of an Assembly, whereof they may hope to participate, than of Monarchy, which they despair to enjoy (<em>Leviathan</em>, 123).</p>
</blockquote></blockquote>]]></description></item><item><title>Historians of Decline, or Historians in Decline?</title><guid isPermaLink="true">http://www.productivityshock.com/historians_of_decline_or_historians_in_decline.htm</guid><link>http://www.productivityshock.com/historians_of_decline_or_historians_in_decline.htm</link><pubDate>Wed, 12 Jul 2006 01:45:00 GMT</pubDate><comments>http://www.productivityshock.com/console/comments/popup/?f=historians%5Fof%5Fdecline%5For%5Fhistorians%5Fin%5Fdecline</comments><dc:creator>Jeremy H.</dc:creator><description><![CDATA[This week GMU's Center for the Study of Public Choice is hosting the <a href="http://www.gmu.edu/centers/publicchoice/SummerInstitute/si_schedule06.htm">Summer Institute for the Preservation of the Study of the History of Economics</a> (wow, a mouthful). Regrettably I have not attended many of the sessions, but do plan to wake up for Bruce Caldwell's talk tomorrow morning. In preparation, I just finished Caldwell's work <a href="http://www.press.uchicago.edu/cgi-bin/hfs.cgi/00/15812.ctl"><em>Hayek's Challenge</em></a>, which has been sitting on the shelf for way too long since a nice young lady purchased it for me last November.<br /><br />If you are not familiar with Hayek's body of work, or think it consists primarily of <a href="http://jim.com/hayek.htm"><em>The Road to Serfdom</em></a> and &quot;<a href="http://www.econlib.org/library/Essays/hykKnw1.html">The Use of Knowledge in Society</a>,&quot; the breadth and depth of his writing may shock you (these two works receive little attention). And even if you are familiar with some of it, the historical context and evolution of his thinking is wonderfully set up by Dr. Caldwell. In fact, the first 100 plus pages are not even on Hayek per se, but provide an excellent history of the early development of the Austrian School.<br /><br />And with specific reference to this week's conference (and as a tangent to Michael's recent post on <a href="http://www.productivityshock.com/the_importance_of_skeptical_history.htm">history generally</a>), here is a lengthy quote from Caldwell on the importance of the history of economic thought:<br /><blockquote>Unless they had an undergraduate course in the history of economic thought or enough of an interest in the subject to pursue their studies independently, newly minted Ph.D.'s in economics today increasingly have no knowledge of the history of their discipline. They know the major names -- Smith and Marx and Keynes -- but their knowledge of these figures' ideas does not go much beyond the sound bite. Their exposure to less prominent figures, like Ricardo, is far more restricted (&quot;Did he invent the Ricardian equivalence theorem?&quot;). They certainly do not recognize names like Menger or Wieser, or Lerner or Lange, and have, of course, read none of them, not even the most famous. The only history they know might be dubbed <em>theorist's history</em>, in which the great name is invoked to set up a problem (&quot;Hayek was concerned about information . . .&quot;), the rest of the time being spent building a model that examines the problem.<br /><br />The long term consequences of this downward spiral are equally daunting. Economists with no knowledge or appreciation of history are making decisions about its importance in the curriculum. If current trends continue, there will be no more history of thought taught by economists trained in the field, not even at the undergraduate level. (If none are trained in graduate school, there will eventually be no one to teach it at <em>any</em> level.) We will gradually but inevitably lose our touch with history. A science ignorant of its history is a science more likely to be arrogant as well as ignorant -- ignorant of both its arrogance and ignorance. It is also a science more likely to be led astray, more prone to divigations that a knowledge of history might have prevented. It is a sad fate.</blockquote>PS to Professor Tullock: the world is not &quot;going to pot,&quot; some students still choose to wear coat and tie. In the summer. In Virginia.<br /><br />[I guess this counts as a book review (?)]]]></description></item><item><title>The American and the German University: One Hundred Years of History</title><guid isPermaLink="true">http://www.productivityshock.com/the_american_and_the_german_university_one_hundred_years_of_.htm</guid><link>http://www.productivityshock.com/the_american_and_the_german_university_one_hundred_years_of_.htm</link><pubDate>Wed, 21 Jun 2006 03:28:00 GMT</pubDate><comments>http://www.productivityshock.com/console/comments/popup/?f=the%5Famerican%5Fand%5Fthe%5Fgerman%5Funiversity%5Fone%5Fhundred%5Fyears%5Fof%5F</comments><dc:creator>Michael Thomas</dc:creator><description><![CDATA[<p>This work by Charles Franklin Thwing (published in 1928)&nbsp;details the relationship between the German and American University System.&nbsp; The relationship could date back further (like 1789) but for sure dates back to around 1815, when three graduates of Harvard and one of Dartmouth enrolled in a German University.&nbsp; They choose the location based on the faculty having some English, the library, and the reputation of the faculty, Goettingen (the university&nbsp;where&nbsp;Gauss held a lecturing position).&nbsp; At the time and until 1876, when Johns Hopkins opened, the American University system did not offer a PhD.&nbsp; This made complete mastery of a subject, among peers with similar specializations, very difficult.&nbsp; By the turn of the century the original four had grown into over 2,000 at a time(over 1300 in Berlin alone).&nbsp;What made this book so very interesting is that it was compiled and published before the final rise to power of the Nazis in 1932.&nbsp; The perspective of the book is one of absolute flattery.&nbsp; The author compares the German System of the 19th century to that of England and France and lavishes unencumbered praise on the German people.&nbsp; He speaks of the rich culture of a people who have art and philosophy as their menial pastimes and vacation in some of the riches historical and cultural areas of Europe.&nbsp; </p>
<p>With the current games in Germany and with my personal interest in the culture, I thought this book was very helpful in understanding the large debt that the American people owe to the German University.&nbsp; The American System certainly had influences from the British and the French systems, but Thwing offers three challenging characteristics which the German system introduced to the American:&nbsp; </p>
<ul dir="ltr" style="MARGIN-RIGHT: 0px">
    <li><span style="FONT-SIZE: 12pt"><font size="1">&nbsp;&ldquo;Think for himself and to develop an independent and critical mastery of whatever subject he may take in hand.&rdquo;</font></span></li>
    <li><span style="FONT-SIZE: 12pt"><font size="1">&nbsp;&ldquo;Know all that has been learned up to his day in respect to this subject,&rdquo; </font></span></li>
    <li><span style="FONT-SIZE: 12pt"><font size="1">&nbsp;&ldquo;He is expected to learn something not yet known , and thus to add to the sum of human knowledge.&rdquo;</font>&nbsp;</span></li>
</ul>
<p dir="ltr"><span style="FONT-SIZE: 12pt"></span>&nbsp;The specialization Thwing notes was one of the eventual weaknesses, but has clearly left its imprint on the history of the university system.&nbsp; One must think about their certain field today and decide what particular area will be explored fully, that niche is becoming ever smaller.&nbsp; </p>]]></description></item><item><title>The outrageous ideas of Fischer Black</title><guid isPermaLink="true">http://www.productivityshock.com/the_outrageous_ideas_of_fischer_black.htm</guid><link>http://www.productivityshock.com/the_outrageous_ideas_of_fischer_black.htm</link><pubDate>Mon, 19 Jun 2006 23:47:00 GMT</pubDate><comments>http://www.productivityshock.com/console/comments/popup/?f=the%5Foutrageous%5Fideas%5Fof%5Ffischer%5Fblack</comments><dc:creator>Jason Briggeman</dc:creator><description><![CDATA[<p>For young economists (or at least those young of spirit) I can't recommend enough Perry Mehrling's&nbsp;<em><a href="http://www.amazon.com/gp/product/0471457329/sr=8-1/qid=1150761102/ref=pd_bbs_1/102-1078082-3210568?%5Fencoding=UTF8">Fischer Black and the Revolutionary Idea of Finance</a></em>.&nbsp; There is a strong, challenging idea in almost every chapter,&nbsp;as Black's work suggests plenty of pathways down which one could forge a career tweaking the macroeconomics mainstream.&nbsp; I'm excited by the prospect of moving on to read Black's own <em><a href="http://www.amazon.com/gp/product/0262023822/sr=1-1/qid=1150761202/ref=pd_bbs_1/102-1078082-3210568?%5Fencoding=UTF8&amp;s=books">Exploring General Equilibrium</a></em>,<em> </em>though it may not be as fun or gentle a read as Mehrling's sympathetic biography.</p>
<p>Black's life&nbsp;<a href="http://en.wikipedia.org/wiki/Fischer_Black">(Wikipedia entry)</a> can also be inspirational to&nbsp;anyone contemplating&nbsp;the life of ideas.&nbsp; Some of my fellow students will know why I choose and particularly appreciate this quote (from&nbsp;Mehrling's epilogue) as an example of said inspiration:</p>
<blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
<p>It is certainly true...that the economics of today is in some kind of intellectual equilibrium with the economic experience&nbsp;of yesterday, but there are forces at work changing both.&nbsp; When he proposes one of his outrageous ideas, [Black] does not expect the current intellectual equilibrium suddenly to shift over to his position.&nbsp; He is planting a seed for the future, and meanwhile trying to shift the current equilibrium of ideas marginally in his own direction.&nbsp; The way you change business practice, Fischer learned through experience, is by proposing something rather close to existing practice that people can actually implement.&nbsp; The way you change ideas, Fischer also discovered through experience, was very different.&nbsp; When he tried to frame his ideas in terms close to existing academic practice, he was ignored.&nbsp; He had more success in shifting the equilibrium when he staked out a position far away from it, and defended that position consistently and tenaciously.</p>
</blockquote>]]></description></item><item><title>Adam Smith’s mistake: How a moral Philosopher invented economics and ended morality</title><guid isPermaLink="true">http://www.productivityshock.com/adam_smiths_mistake_how_a_moral_philosopher_invented_economi.htm</guid><link>http://www.productivityshock.com/adam_smiths_mistake_how_a_moral_philosopher_invented_economi.htm</link><pubDate>Thu, 15 Jun 2006 01:34:00 GMT</pubDate><comments>http://www.productivityshock.com/console/comments/popup/?f=adam%5Fsmiths%5Fmistake%5Fhow%5Fa%5Fmoral%5Fphilosopher%5Finvented%5Feconomi</comments><dc:creator>Michael Thomas</dc:creator><description><![CDATA[<div style="MARGIN: 0in 0in 0pt"><a href="http://www.amazon.com/gp/product/087773593X/sr=8-1/qid=1150335225/ref=pd_bbs_1/102-6560653-6216147?%5Fencoding=UTF8">Kenneth Lux</a> describes how economics has contributed to moral decline since 1776. &nbsp;His case for the corruption of economics has the right events but the wrong interpretation. &nbsp;He looks at the period following the Civil War and the increase in Central Government as a time where government failed to limit the desires of the market and protect the consumer from monopolies. &nbsp;A casual study of monopoly and the historical period in question will prove that prices fell and quantities increased, this would reflect at very least a movement along a demand curve consistent with an increase in supply (we must also assume that demand increased with the increased purchasing power). &nbsp;Lux claims that anti-trust legislation was a good thing.&nbsp;He reasons Trusts were flagrant cheaters, and that this omission by Adam Smith does not offer a role for morality in his influential economic text.</div>
<div style="MARGIN: 0in 0in 0pt">&nbsp;</div>
<div style="MARGIN: 0in 0in 0pt">Lux then finds the roots of his faulty analysis in a symantic critique of Adam Smith. &nbsp;He suggests a revision of one of Smith&rsquo;s famous lines:&nbsp;</div>
<div style="MARGIN: 0in 0in 0pt">&nbsp;</div>
<div style="MARGIN: 0in 0in 0pt">&ldquo;It is not <em><u><strong>only</strong></u></em> from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self interest.&rdquo;&nbsp;</div>
<div style="MARGIN: 0in 0in 0pt">&nbsp;</div>
<div style="MARGIN: 0in 0in 0pt">This completes the circle of logic which now makes us understand that economics has no place for morals.&nbsp;On thinks of the movie Wall Street, when this is suggested. &nbsp;It is offensive to say the least that a psychologist would claim that economics causes corrupt thinking without offering the possibility that economists seek other than monetary rewards. &nbsp;Apparently the writing of theory is more lucrative that I have been led to believe, since the self-interest of economists (and the greater portion of our followers) is confined the vector of money.</div>
<div style="MARGIN: 0in 0in 0pt">&nbsp;</div>
<div style="MARGIN: 0in 0in 0pt">In his chapter on Enterprise and Averice, Lux relates the idea that an economist would hold a person in contempt for selling an item less than market price. &nbsp;He then relates a story of a monk buying a silver chalice from someone who wants it to end up in the church. &nbsp;This seems to represent a non-money or vector reward. &nbsp;</div>
<div style="MARGIN: 0in 0in 0pt">&nbsp;</div>]]></description></item><item><title>The End of Economic Man</title><guid isPermaLink="true">http://www.productivityshock.com/the_end_of_economic_man.htm</guid><link>http://www.productivityshock.com/the_end_of_economic_man.htm</link><pubDate>Sat, 27 May 2006 13:49:00 GMT</pubDate><comments>http://www.productivityshock.com/console/comments/popup/?f=the%5Fend%5Fof%5Feconomic%5Fman</comments><dc:creator>Michael Thomas</dc:creator><description><![CDATA[<div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><a href="http://www.amazon.com/gp/product/0393050394/sr=8-2/qid=1148671420/ref=sr_1_2/102-6560653-6216147?%5Fencoding=UTF8">Brockway&rsquo;s book</a> explores why economic science gets human action wrong.&nbsp;</div>
<div style="MARGIN: 0in 0in 0pt">Main Point:&nbsp;Economists have naively accepted certain premises which lead to unjustifiable conclusions.&nbsp;</div>
<div style="MARGIN: 0in 0in 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brockway dissects some key principles of economics and shows why they are inherently suspect.&nbsp;His tool seems to be applying <em>conventional</em> definitions of the words that economists use.&nbsp;An example of this is contained in chapter one, where he claims that &ldquo;rational&rdquo; means what separates man from beast, or humanity.&nbsp;He then deduces that rational greed is oxymoronic.&nbsp;</div>
<div style="MARGIN: 0in 0in 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brockway uncovers his main policy implication later in the book, where he insists that unemployment is not to be tolerated.&nbsp;He makes a similar assertion with pollution, saying that the economist will have you believe that there is an optimal level of both, whereas he claims externalities will always result in higher levels of all bad things to the extent that the costs fall on others (proletariat or future generations).&nbsp;</div>
<div style="MARGIN: 0in 0in 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brockway invokes &quot;just price&quot; (an outdated economics concept from the scholastics).&nbsp;He fails to understand how the words &ldquo;useful&rdquo; and &ldquo;illegal&rdquo; could both be associated with what the economist would label &ldquo;an economic good,&rdquo; casting &ldquo;pricing (as) a free act&rdquo; in a pejorative light.&nbsp;He complains about the salaries of CEOs and provides back of the envelope sophistry to support his claim.&nbsp;His analysis of money is destroyed by the realization that exchange is voluntary.&nbsp;</div>
<div style="MARGIN: 0in 0in 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This book is victim of its own cleverness.&nbsp;The only way to make a convincing argument is to give the alternative its best case, by resorting to lampooning economics, there is not much proven here except that Adam Smith <em>did</em> live with his mother for a significant portion of his adult life.&nbsp;</div>
<div style="MARGIN: 0in 0in 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brockway is exemplary of the noble notions of paternalism failing to see the economic system as free and voluntary.&nbsp;The funniest part: he surmises that caveat emptor should be symmetric with caveat venditor &ndash; suggesting that the seller should not have the recourse to go the authorities unless the buyer has the same right.&nbsp;One would presume that retailers are insolated against the customer?</div>
<div style="MARGIN: 0in 0in 0pt">&nbsp;</div>
<div style="MARGIN: 0in 0in 0pt">Also read:&nbsp;&ldquo;<a href="http://www.amazon.com/gp/product/0393315061/qid=1148673922/sr=1-11/ref=sr_1_11/102-6560653-6216147?s=books&amp;v=glance&amp;n=283155">Economists can be Bad for Your Health</a>&rdquo;</div>]]></description></item><item><title>The &quot;Vanity of the Philosopher&quot;</title><guid isPermaLink="true">http://www.productivityshock.com/votp.htm</guid><link>http://www.productivityshock.com/votp.htm</link><pubDate>Thu, 25 May 2006 20:31:00 GMT</pubDate><comments>http://www.productivityshock.com/console/comments/popup/?f=votp</comments><dc:creator>Michael Thomas</dc:creator><description><![CDATA[<div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">Why did the &ldquo;progressive&rdquo; nature of science get side tracked towards genocide?&nbsp;<a href="http://www.amazon.com/gp/product/0472114964/qid=1148577000/sr=1-4/ref=sr_1_4/102-6560653-6216147?s=books&amp;v=glance&amp;n=283155">Peart-Levy</a> explores the history of thought which changed the way science looked at the study of man.&nbsp;</div>
<div style="MARGIN: 0in 0in 0pt">Main Point:&nbsp;The acceptance of Analytical Hierarchism over Analytical Egalitarianism, reflects a choice to see fellow human beings as racially inferior.&nbsp;This leads to some predictable fallacies when one&rsquo;s stated aim is to research in the social sciences.</div>
<div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">The book establishes the history of racism in social science.&nbsp;It also chronicles the debate over the persistence of eugenics admittedly absent in scholarly debate since, the Second World War.&nbsp;&nbsp;</div>
<div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">Charles Darwin titled his book:&nbsp;On the origin of Species by Means of Natural Selection, or the Preservation of Favored Races in the Struggle for Life. Advocates of Darwinism in social sciences explores the ways in which &ldquo;progress&rdquo; could be achieved by minimizing the contributions of the less favored genetic contributors.&nbsp;Once this is considered an ideal, it is not much of a leap to all out Eugenics.&nbsp;Combine these instincts with statistics and you have &ldquo;proof&rdquo; that certain races are inferior.&nbsp;Contemporary utilitarianism, Mill style, is suggested to offer ways out of this trap -- through sympathy.</div>
<div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">A contribution of this book is the discussion on how man&rsquo;s idea of what contributes to the race cannot be solved from a central locus.&nbsp;To plan the species would destroy it; the most informed &ldquo;expert&rdquo; does not have an idea of what ultimately works.&nbsp;The social philosopher must have the humility to admit that there is no recipe for &ldquo;progress.&rdquo;&nbsp;</div>
<div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">In the end Peart-Levy build the same case the public choice founders made, that people do not become angles when they make choices as agents for other people.&nbsp;We would be hypocrites as academics to say that politicians are self-interested when it comes to politics, without admitting that academics are self-interested when it comes to the academy.&nbsp;The social scientist never ceases to be a part of the material he is studying &ndash; there is no separation.</div>
<div style="MARGIN: 0in 0in 0pt">&nbsp;</div>
<div style="MARGIN: 0in 0in 0pt">Quote: &ldquo;&hellip;No person is a perfect guide for any other person.&rdquo;</div>
<div style="MARGIN: 0in 0in 0pt">&nbsp;</div>
<div style="MARGIN: 0in 0in 0pt">Also read: &ldquo;<a href="http://www.amazon.com/gp/product/0472089056/sr=8-11/qid=1148576902/ref=sr_1_11/102-6560653-6216147?%5Fencoding=UTF8">How the Dismal Science got it&rsquo;s name</a>&rdquo;</div>]]></description></item><item><title>Marx&apos;s Revenge -- Summer Reading List</title><guid isPermaLink="true">http://www.productivityshock.com/marxs_revenge__summer_reading_list.htm</guid><link>http://www.productivityshock.com/marxs_revenge__summer_reading_list.htm</link><pubDate>Wed, 24 May 2006 16:38:00 GMT</pubDate><comments>http://www.productivityshock.com/console/comments/popup/?f=marxs%5Frevenge%5F%5Fsummer%5Freading%5Flist</comments><dc:creator>Michael Thomas</dc:creator><description><![CDATA[<div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><a href="http://www.amazon.com/gp/product/1859844294/sr=8-1/qid=1148486924/ref=pd_bbs_1/102-6560653-6216147?%5Fencoding=UTF8">Desai&rsquo;s book</a> explores the history of Marxism, in thought and in practice.&nbsp;The real benefit of this book is that it seeks to punctuate the end of Leninism with the fall of the Berlin wall.</div>
<div style="MARGIN: 0in 0in 0pt">Main Point:&nbsp;Marx suggested that Communism would come after Capitalism.&nbsp;Lenin and friends eventually fell into the trap of assuming capitalism could be skipped. Nothing in Marx supports this.</div>
<div style="MARGIN: 0in 0in 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The book presents the main arguments of Marx and his followers, as pertaining to the popular aspects political economy.&nbsp;All of the popular movements are included, with special attention paid to those in Germany and Russia.&nbsp;The movements in China, India, and Italy are mentioned where appropriate and where they add to the thesis of the proximate chapter.</div>
<div style="MARGIN: 0in 0in 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In the book is when Desai states that the world was approaching a total Western Capitalism before World War I and the return to this is only now occurring.&nbsp;To prevent this from being dismissed as the obvious, he suggests the historical pattern could be seen as an upward spiral.</div>
<div style="MARGIN: 0in 0in 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Desai is a feminist (apologizing for Marx&rsquo;s choice of pronouns) and an author sympathetic to the idea that the world is progressing toward some higher state of being.&nbsp;The book is meant to vindicate, more subtlety than the title, the competence and relevance of Marx as an economic theorist.&nbsp;Several references are made to the resilience of Marx to empirical tests.</div>
<div style="MARGIN: 0in 0in 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The best part of the book is where Desai contrasts the &ldquo;astronomy&rdquo; of social order presented by Adam Smith with the &ldquo;astronomy&rdquo; of Hegel.&nbsp;The distinctions are drawn effectively so as one can think more about the different premises and their results on the eventual logical conclusion.&nbsp;The rest of the book defends Marx with the attitude that the jury is still out on weather his conclusions will hold.&nbsp;The idea is that the stages of growth as presented by Marx, were millennial.</div>
<div style="MARGIN: 0in 0in 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; I was impressed with this book: the structure, the flow, and the presentation of ideas.</div>
<div style="MARGIN: 0in 0in 0pt">&nbsp;</div>
<div style="MARGIN: 0in 0in 0pt">Also Read:&nbsp;&ldquo;<a href="http://www.amazon.com/gp/product/068486214X/qid=1148488104/sr=2-1/ref=pd_bbs_b_2_1/102-6560653-6216147?s=books&amp;v=glance&amp;n=283155">The Worldly Philosophers</a>&rdquo; which discusses the same union of topics with more background and at an entry-level.</div>]]></description></item><item><title>The Real Lincoln -- Summer Reading List</title><guid isPermaLink="true">http://www.productivityshock.com/the_real_lincoln__summer_reading_list.htm</guid><link>http://www.productivityshock.com/the_real_lincoln__summer_reading_list.htm</link><pubDate>Wed, 24 May 2006 15:36:00 GMT</pubDate><comments>http://www.productivityshock.com/console/comments/popup/?f=the%5Freal%5Flincoln%5F%5Fsummer%5Freading%5Flist</comments><dc:creator>Michael Thomas</dc:creator><description><![CDATA[<div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><a href="http://www.amazon.com/gp/product/0761536418/102-6560653-6216147?v=glance&amp;n=283155">Dilorenzo&rsquo;s book</a> is in a family of books which tries to reverse the conventional wisdom about the Civil War. &nbsp;I have heard most of these tales before, and Dilorenzo does a competent job of organizing and recasting them in a coherent way. &nbsp;</div>
<div style="MARGIN: 0in 0in 0pt">Main point: The war was over a mercantilist federal policy as evidenced by the Morrill Tariff (an import tariff seeking to hurt raw material producers &ndash; the south, while benefiting manufacturers &ndash; the north).&nbsp;</div>
<div style="MARGIN: 0in 0in 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dilorenzo portrays Lincoln as a malevolent dictator with aspirations on forcing the US down a long since discredited path of Hamilton &ndash; Clay&rsquo;s &ldquo;American System&rdquo; explains the growth of big government in the one place where free markets had functioned relatively smoothly.&nbsp;</div>
<div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">The most surprising aspect of the book is how effectively he states the case against General Sherman, and of how Lincoln was complicit, in the &ldquo;War Against Civilians,&rdquo; the seventh chapter of the book.&nbsp;Sherman was able to carry out such general orders as wiping whole towns of the map.&nbsp;In the case of Meridian, the order came directly from General Grant.&nbsp;Lincoln seemed to go through generals until he found some with the moral flexibility to resist 150 years of international law.</div>
<div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">The explanation of the slavery aspect is concise and clear.&nbsp;Dilorenzo sees that slavery ended in the European peer governments of the time, peacefully.&nbsp;The question that war was needed to end slavery had already been resolved and was a non-issue to the people of the time.&nbsp;I would have liked to see more about the dependence and origin of the southern economy on slave labor.&nbsp;The essential question which goes unaddressed is why where the slaves brought here in the first place.</div>
<div style="MARGIN: 0in 0in 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Perhaps the best summary of his reconstruction chapter is this quote: &ldquo;The &lsquo;taxpaying class&rsquo; was not just outvoted by the &lsquo;tax-consuming class&rsquo; but was disenfranchised altogether for a number of years&rdquo;</div>
<div style="MARGIN: 0in 0in 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dilorenzo should receive some praise for compiling a thorough account of the argument against the leader of the centralizing movement in American politics.&nbsp;&nbsp;</div>
<div style="MARGIN: 0in 0in 0pt">&nbsp;</div>
<div style="MARGIN: 0in 0in 0pt">Also read: &ldquo;When in the course of Human Events&rdquo; by Charles Adams</div>]]></description></item></channel></rss>