It’s time again for weekend reflections, which makes space for longer than usual comments on any topic. In keeping with my attempts to open up the comments to new contributors , I’d like to redirect discussion, as opposed to substantive new contributions, to the sandpit(s). As always, civilised discussion and no coarse language please.
Realistic utopianism for 20-year olds (cross post from Crooked Timber)
Looking at the debate over UK protests over the tripling of tuition fees, it seems to me that this is an occasion where realistic utopianism (I’m paraphrasing Erik Olin Wright here) is needed, and is currently in short supply. The present ways in which modern societies determine the life choices available to 20 year olds are unsatisfactory and inequitable, and the British system is (or seems from a distance) to be more inequitable than many, perhaps most. So, defending that system against change, even change that will make things worse, is difficult and problematic. Rather than ask what incremental reforms might make things better, it seems like a good idea to ask how we might design a set of institutions from scratch, and then think about the implications for existing systems.
Service difficulties – Resolved I hope
Update It appears that the problem may have been related to the server, and fixed by some emergency maintenance at Joyent. If anyone is still experiencing errors or slow loading, please advise me (assuming you have enough access to read this). Conversely, I’d appreciate confirmation in comments from readers for whom the problems have been fixed.
Problems with access to the blog have re-emerged. I will post via http://johnquiggin.posterous.com until they are resolved. Posts should propagate here in due course, but readers may prefer to visit the posterous blog.
New sandpit
Another sandpit thread
Another tragedy at sea
It is too early to say much about this latest tragedy, but I wanted to mark it.
Zombies and T-shirts and Posters
Get your Zombie-Econ t-shirts and posters from Zazzle!
Apparently, a reader wrote in to Princeton University Press asking for a poster of the cover, which isn’t standard issue for university press books. But thanks to the Internet, all things are possible these days, and within hours, they have been made available.
Internet made me a radio star? — Crooked Timber
I’m going to be on the Peter Schiff Internet Radio show, Thursday at 6:35 PM EST, talking about Zombie Economics. It should be interesting. A while ago, I had quite an interesting chat with Russ Roberts, whose views are, I think, fairly similar to Schiff’s, so i’m hoping for some creative interaction on the Keynesian and Austrian approaches to thinking about financial crises and depressions. I planned a full scale post on this, but haven’t had time yet.
Monday Message Board
It’s time again, once again, for the Monday Message Board. Post comments on any topic. As usual, civilised discussion and no coarse language. Lengthy side discussions to the sandpit, please.
State of Innovation
In discussions about markets and innovation, I’ve repeatedly made the point that the biggest single innovation of recent decades, the Internet, was not produced by markets at all. It started in the university sector (aided by a little seed money from the US Defense Department) and was developed by amateurs and volunteers for a couple of decades before it was handed over to the dotcommers, who proceeded to waste a trillion dollars or so on silly get-rich-quick schemes.
I’ve never had the time to go much beyond that, but a recent book, State of Innovation, edited by Fred Block and Matthew Keller takes a close look at the process of innovation in the US and the role of government funding. The key conclusion
over the last four decades, government programs and policies have quietly become ever more central to the American economy. From “basic research” to commercialization, the fingerprints of government can be found in virtually every major industrial success story of the late 20th and early 21st century.
At least in part, this reflects the disappearance of big corporate R&D outfits like Bell Labs, and the conversion of General Electric into a finance company. But there are lots more interesting details about the relationship between startups, venture capital and public funding. Well worth reading.
Billions down the drain
That’s the headline on my opinion piece in yesterday’s Fin, over the Fold
