A new sandpit for long side discussions, idees fixes and so on.
Monday Message Board
It’s time for the first Monday Message Board of 2012. Post comments on any topic. As usual, civilised discussion and no coarse language. Lengthy side discussions to the sandpits, please.
Ancient laws
An article on the Fairfax website[1] refers to habeas corpus as an ancient legal action from 17th century England. That’s technically true, but shouldn’t the article point out that the crime for which the person in question was convicted (soliciting to murder) and the legal procedures under which he was convicted are even more ancient?
Habeas corpus may be old, and have a Latin name, but it’s still central to common law, and needs to be defended against those who would destroy it in the name of the War on Terror.
fn1. For some reason, it appears under “WA Today”. I did a little digging and the subject of the story is a property developer who once owned a Scottish island with a title attached (not a barony, I’m pretty sure).
Status quo on way out
That’s the headline for my first Fin article for 2102, over the fold
Land of (unequal) opportunity
A little late to the game, the NY Times has quite a good piece by Jason DeParle on the well-established finding that the US is not only the most unequal of developed societies but is also at the bottom of the scale for social mobility.
I’ve been arguing since the Triassic era of blogging that this isn’t a coincidence – a society with highly unequal outcomes can’t sustain equality of opportunity, but until this year (in fact, until the emergence of the Occupy movement) I didn’t see any evidence that the facts were sinking in, even among the majority liberals. Now it’s as if a dam has broken. Some thoughts, cautionary and otherwise over the fold.
Solar rises, nuclear falls
My piece for the National Interest is now up. It ran under the headline “The end of the nuclear renaissance”, but that’s only half the story and probably the less interesting half. The real news of 2011 was the continued massive drop in the price of solar PV, which renders obsolete any analysis based on data before about 2010. In particular, anyone who thinks nuclear is the most promising candidate to replace fossil fuels really needs to recalibrate their views. There’s a case to be made for nuclear as a backstop option, but it’s not nearly as strong as it was even two years ago.
Feel free to comment here or at NI.
The nuclear option: AP1000 or bust?
I’m going to relax my prohibition on discussion of nuclear energy, and offer a couple of points to start things off. I expect everything to go in circles as usual, but there’s plenty of room on the comments page, after all.
First, I have a piece coming out soon in the National Interest, arguing that 2011 marked a watershed in the development of energy sources to replace fossil fuels, with nuclear power finally ceasing to be a relevant option, and solar PV finally becoming a serious contender. I’ll add a link when it appears.
I’m sure not everyone will agree, so I’ll also offer a subsidiary claim which, if accepted, would at least simplify the debate. The claim is that the only nuclear technology with a serious chance of substantially reducing CO2 emissions before 2030 is the Westinghouse AP-1000.
Read More »
Conservatives and reactionaries
Corey Robin’s new book The Reactionary Mind has attracted plenty of attention both favorable and otherwise. I don’t want to offer a full-scale review, but to respond to the central thesis. As I read Robin, his central claim is that the current situation in which people who call themselves “conservative” are in fact radical reactionaries is not an aberration, but the norm, and that this has been the case ever since the first self-conscioulsy conservative thinker, Edmund Burke.
I’d put this more broadly – conservatism (and, it’s opposites, progressivism radicalism) are, in essence ideas about process, but the most people active in politics are more concerned about pursuing particular goals than about the way they get there.
Blogging the Zombies: Expansionary Austerity – Further Reading
Thanks to everyone who has made comments on the drafts of the new chapter of Zombie Economics, on Expansionary Austerity, for the forthcoming paperback edition. I’m now editing in response, and adding a section on Further Reading. I’d welcome any suggestions for this chapter, as well as any useful references that weren’t in the hardback edition.
Blogging the Zombies: Expansionary Austerity – After the Zombies
This is the final draft section of the new chapter of my Zombie Economics book, on Expansionary Austerity.
As before comments are welcome. That includes everything from typos and suggestions for better phrasing to substantive critiques of the argument. If I can get organized, I will try to post the edited version of the entire chapter and invite another round of comments.
As an aside, I just got an email link to the Journal of Economic Literature (behind a login screen), which contains Stephen Williamson’s review of my book, including his claims that both the Efficient Markets Hypothesis and DSGE macro are devoid of any implications. I bet that if I had submitted an article to any publication of the American Economic Association making such claims, it would have been shot down in flames by the referees. But, now it’s been published – anyone keen on a radical critique of mainstream economics can now cite the JEL to the effect that the whole enterprise (at least as applied to finance and macroeconomics) is irrelevant to reality.
John Quiggin 