For Father’s Day, the family took me out to lunch, down the hill to the St Lucia golf course, where you can have a very pleasant, moderately priced, meal overlooking the 18th hole. This is definitely the way to enjoy golf as a spectator sport. And Brisbane is definitely the place to do it.
Month: September 2003
What I'm reading, and more
How to be Human (Though an Economist) by Deirdre McCloskey, kindly recommended by Jason Soon. As an anecdote, it’s hard to top the story of the reaction of the dean of the Iowa business school when Donald (as he then was) announced his impending change of gender.
His response, after sitting for a moment in slack-jawed amazement, was a stand-up comic routine. “Oh, thank God! I thought you were going to confess to converting to socialism. (Relieved laughter- he was going to react as a friend.) “This is great for our affirmative action program: one fewer* man, one more woman” (more laughter) ” And wait! I can cut your salary to two-thirds of the male level (not so funny). And then seriously “That’s a strange thing to do. How can I help?” And he did
* I wonder if business school deans, even civilised ones, really use “fewer” rather than “less” in circumstances like this, or if McCloskey has done some editing here? Not that it matters to the story.
In the pursuit of the goal of humanising economics and economists, McCloskey recommends a variety of reading. In a couple of places she notes, as an indicator of a civilised economist, acquaintance with the companion volumes of Samuel Johnson’s A Journey to the Western Isles of Scotland and Boswell’s Journal of a Tour to the Hebrides with Samuel Johnson. I agree, particularly regarding Boswell’s book, which is a kind of pilot episode of his Life of Johnson, the first genuinely modern biography, and still one of the best in existence.
I’ll turn now to the bits that are interest mainly to economists, and other social scientists (or, as McCloskey might prefer to put it, scholars of society).
Fathers Day
For Fathers’ Day, the family took me out to lunch, down the hill to the St Lucia golf course, where you can have a very pleasant, moderately priced, meal overlooking the 18th hole. This is definitely the way to enjoy golf as a spectator sport.
The imitation of Christ
While we enjoyed a barbecue tonight we were entertained by a skywriter tracing out “Jesus saves”. Australians and Americans would do well to follow his example.
Right-wing postmodernism
Josh Marshall observes
the administration’s main obstacle has been the experts themselves–the economists who didn’t trust the budget projections, the generals who didn’t buy the troop estimates, intelligence analysts who questioned the existence of an active nuclear weapons program in Iraq. That has created a strong incentive to delegitimize the experts–a task that comes particularly easy to the revisionists who drive Bush administration policy. They tend to see experts as guardians of the status quo, who seek to block any and all change, no matter how necessary, and whose views are influenced and corrupted by the agendas and mindsets of their agencies. Like orthodox Marxists who pick apart mainstream economics and anthropology as the creations of ‘bourgeois ideology’ or Frenchified academic post-modernists who ‘deconstruct’ knowledge in a similar fashion, revisionist ideologues seek to expose “the facts” as nothing more than the spin of experts blinded by their own unacknowledged biases.
This is a point I’ve been making for some time.As the debates over Aboriginal history, global warming and even creationism show, the same is now true for large sections of the Australian right, most notably those who take their line from Quadrant. Of course, as Marshall points out, there are plenty of precedents for this kind of thing on the left, but with Marxism moribund and postmodernism in terminal decline, it’s now much more prevalent on the right.
Freedom of speech part 3
Partly because I’ve only had intermittent access to the blog over the past week, I haven’t got around to responding to Jason Soon and Andrew Norton on the debate over neoliberalism and free speech. Given this lag I thought it would be good to summarise the positions as I see them.
Neoliberals like Andrew and Jason are opposed to government restrictions on political freedom of speech with the usual narrowly-drawn exceptions (fraud, defamation of individuals and so on) but argue that
private property rights trump free speech as a general rule
. So, for example, employers and property owners can impose whatever restrictions they like on speech by their employees, tenants and so on, and government should not intervene.
I disagree with this, though not to the extent of arguing that no private restrictions on freedom of speech should be permitted. To give some substantive examples, I believe
- Employers should be prohibited from discriminating against employees on the basis of political beliefs or off-the-job political activities
- Similarly, landlords should be prohibited from discriminating against tenants
- Governments should ensure that there is sufficient public space (both physical and media space) to permit the free expression of political views.
On the other hand, assuming that there are a range of media outlets, I don’t believe that individual media outlets should be required to be ‘balanced’, except for a requirement to correct defamatory falsehoods.
Having summarised the two positions as best I can, there are a lot of questions that remain. Most obviously, there’s the question of which position is right, that is, which produces the best consequences? Second, there’s the semantic issue of whether issues like those of raised are, as Jason says
nothing to do with free speech at all.
Third, there’s the history-of-thought question WWMS (What would Mill say?). Finally, there are some more specific issues regarding press freedom and academic freedom that I’d like to discuss further.
That’s enough for now. I hope to pick up the pace a bit on this one, but I’d appreciate it if anyone who thinks I’ve mischaracterized the neoliberal position speaks up now.
Micawber
This piece by Paul Krugman covers a range of interesting issues. One is the attempt by US Treasury Secretary John Snow to push China into floating or revaluing (upwards) the yuan. Similar pressure is being applied to other Asian governments whose central banks have been resisting appreciation of their currencies and buying US dollars. Obviously if the yuan and yen go up, the dollar goes down. Despite this doublespeak from the US Treasury, the Snow initiative marks the abandonment of the misconceived strong dollar policy, which has helped to drive a 20 per cent reduction in US manufacturing employment over the past three years (for a detailed PDF file on employment and productivity, go here). But as Krugman implies, any serious adjustment of the dollar relative to Asian currencies will necessitate a significant rise in US interest rates.
The other point that comes through the whole piece is how rapidly the rhetoric of US hyperpower is becoming obsolete. The US has an impressive, and unique, capacity to deliver overwhelming military force anywhere in the world. But in economic terms, it produces about 21 per cent of world output and consumes about 22 per cent. The result, as Mr Micawber said is misery (or, if things are managed very well, unaccustomed austerity).
New on the website 3
I’ve added a new section to the Website containing reports on a range of subjects including privatisation, greenhouse gases, competition policy and casinos.
Feet of Clay 2
I asked a few days ago of a piece by Glenn Milne, highly critical of Howard
does it reflect a nascent Press Gallery consensus that Howard is consistently dishonest, and therefore should not be PM?
Judging by Greg Hywood in today’s SMH and Michelle Grattan in yesterday’s Age, the answer is a definite Yes. Grattan and, to a lesser extent, Hywood are opinion leaders for the Press Gallery; they set the assumptions by which others assess the action (more on this Real Soon Now).
So the cumulative impact of ethanol, Tuckey and Hanson has been substantial, even though the government has ridden them all out. Perceptions won’t have been helped by the recent arrival of the Tampa refugees (the government’s official assessment, not mine) who Howard promised would never be allowed to set foot on Australian soil. Even for those who supported the government’s policy, it must now be clear that this episode showed the Howard government at its sordid worst.
Identity
For those who’ve been following the John Lott/Mary Rosh affair, this set of links to bogus identity cases on the Web, and earlier on UseNET, might be of interest. I found this MIT paper quite interesting, though the content is of course familiar.