Your cutting-edge jargon lesson for the day is "extractive institutions" versus "inclusive institutions".
This, from another book that looks like a m...moreYour cutting-edge jargon lesson for the day is "extractive institutions" versus "inclusive institutions".
This, from another book that looks like a must-read. Are they coming out more frequently these days?
Tidbits about it from around the web...
The authors have an extensive website at whynationsfail.com, including a bibliographic essay. You may not think so, but to me that's incredibly cool. I love trolling through annotated bibliographies, and the few and far between ones that actually discuss their sources at length are treasures. They also have a page dedicated to reviews, so the following is a bit redundant...
The GuardianUK has a very enthusiastic review here.
The Economist is positive overall, but expressing some disappointment at The Big Why.
David Brooks, the New York Times pet almost-a-conservative, claims about this book, “I’ll be shocked if there’s another book this year as important as...more David Brooks, the New York Times pet almost-a-conservative, claims about this book, “I’ll be shocked if there’s another book this year as important as Charles Murray’s Coming Apart.” Yeah, it looks seminal. See his review at The Great Divorce (I’m a little curious about whether there’s some hidden linkage to the C.S. Lewis book).
Brooks is an editorialist; so it isn’t surprising that the New York Times Sunday Book Review would also cover this book. The article, Tramps Like Them leads me to believe the book is even better than Brooks averred.
Unread, and maybe too big to really want to tackle.
The crisis in the economically dominant western states seems to me to be a symptom of a long term...moreUnread, and maybe too big to really want to tackle.
The crisis in the economically dominant western states seems to me to be a symptom of a long term decline of economic hegemony. Many in the Anglo-American "core" are concerned that this signals a shift towards rising power principally to China.
I suspect that the similarity between European and American cultures has made the shifts of the past few hundred years relatively easy, but this will eventually be seen as a provident aberration. Cross-cultural hegemonic shifts require, I suspect, a radical "reset" in the economic system, the most recent of which we refer to as "the dark ages."
So my hypothesis is that the rise of China will be interrupted by a new dark ages, simultaneously brought upon by the deep cultural chaos implicit in such a shift as well as the economic crisis of climate change.
This thinking is crudely informed by my very brief exposure to World Systems Analysis, so I'd like to look more deeply into it, albeit not at an academic level. Giovanni Arrighi's book seems to be a plausible place to start.
But it isn't as if I don't already have too much reading I want to do.(less)
I don’t doubt that he’s correct. In a similar vein, Steven Pinker presented an argument on the myth of violence at TEDtalks in 2007 (see the 19-minute video). I’ve read quite a bit on how our brains aren’t quite as rational as we prefer to think they are, and several of those cognitive biases lead us to focus more on negative things and remember them better; the “infotainment” shows we turn to for “news” operate on the if it bleeds, it leads tactic, which further reinforces our beliefs that things are nasty.
Kenny alludes to this in his essay’s opening paragraph: “Given that our brains seem hard-wired to remember singular tragedy over incremental success, it's a hard sell to convince anyone that the past 10 years are worthy of praise.”
I still think the hurdles we’re facing in the next century give plenty of reasons to be pessimistic, but Kenny shrugs at the problems of climate change (“Stopping climate change has been a slower process. Nonetheless, in 2008, the G-8 did commit to halving carbon emissions by 2050.” Yeah, like that’s going to happen.) We’ll have to see whether his book tackles these tougher issues.
Left, G.D.P. Per Capita (Adjusted to 2005 dollars). Right, World Cereal Yield (Kilograms per hectare).
[I haven’t read it yet, but Kenny has an overview of his book on his blog, here] (less)
Much to my astonishment and delight, the professor I learned IPE from finally got around to writing this textbook after teaching the stuff for well ov...moreMuch to my astonishment and delight, the professor I learned IPE from finally got around to writing this textbook after teaching the stuff for well over forty years. The class was so well taught and the complex material presented so clearly that I signed up to TA his class twice after taking it.
I've order a copy, but simply based on what I learned in his class, I'm giving this a tentative five-star review. After I get it I might discover some disappointment, but from the single review over on Amazon I infer that I won't.
The obvious question is: is this a biased recommendation? No: this text was written ten years after I left the university, which was the last time I spoke to the good professor.
We'll, yeah. This has been on my "currently reading" shelf for years. It's near the bottom of the stack on my bedside table. I keep it there on fond remembrance of the author, my professor in International Political Economy. I want to say that if anyone wants to understand, as deeply as *necessary*, our contemporary economics, this is a great textbook.
But since I haven't read the whole thing, I'm basing that conclusion on his classroom lectures. Is this that good? I hope it is...(less)