Tag Archives: economics

February Reads

  1. Penelope Fitzgerald: A Life by Hermione Lee
  2. Prejudicial Appearances: The Logic of American Antidiscrimination Law by Robert Post and others (a collection of responses to a Post essay)
  3. The Fire Next Time by James Baldwin
  4. The Professor and the Madman: A Tale of Murder, Insanity, and the Making of the Oxford English Dictionary by Simon Winchester (Fun but also sad. I now would like to own the complete OED. Note: very expensive)
  5. Notes of a Native Son by James Baldwin
  6. The Second Shift by Arlie Russell Hochschild (a must read)
  7. Offshore by Penelope Fitzgerald (great to read after finishing her biography)

September Reads

While I’ve completed the 52 book challenge already, I’ve decided I’ll keep posting my monthly reads. At least for now.

  1. Liberty’s Refuge: The Forgotten Freedom of Assembly by John Inazu (YUP 2012)
  2. Notes on the Death of Culture: Essays on Spectacle and Society by Mario Vargas Llosa, translated by John King (Farrar, Straus and Giroux 2015)
    • In one of Colin Powell’s leaked messages he mentioned reading this book (he specifically said, “Just finished a book by a guy named Llosa about loss of culture. It was reviewed in the WSJ last week. Culture is going and with it the ties that bind.”). If Powell thought it worth mentioning the book, I figured it was worth my reading it. I found it a mixed bag. I’d recommend the first eighty or so pages and then a skim of the rest.
  3. Autobiography of Mother Jones by Marry Harris Jones (aka: Mother Jones), edited by Mary Field Parton (Charles H. Kerr Publishing 1996. Originally published by Kerr in 1925)
    • An absolutely incredible person. However, I recommend a bibliography before her autobiography (she assumes lots of prior knowledge). A few tidbits:
      • You remember the Divine Right of Kings? Here is what the President of the mine owners association said in 1902: “The rights and interests of the laboring man will be protected not by the labor agitator but by the Christian men and women to whom God in His infinite wisdom has given the control of the property interests of this country.” (61).
      • Work or Fight Laws (Mother Jones called the “infamous slave bill”): A law was passed (again, the wealthy control of the government was no joke) that said: if you strike, you are automatically sent to the front line trenches. (177) The Governor veoted it but just take a moment to think about how that passed.
      • With company-owned towns, they were able to tell workers (who were paid in company script instead of real money and thereby forced to buy from company-owned stores [with marked up prices] and live in company-owned shacks [also marked up]) that allowing Mother Jones into their homes constituted trespass (on company property, remember). Indeed, the police would stand on the boundaries of the company-owned land. If she stepped one foot inside, she was arrested. If any workers pushed for change, they were immediately kicked out of their shacks, blacklisted, and without money.
  4. Harry Potter and the Sorcerer’s Stone by J.K. Rowling (first published in the UK, by Bloomsbury 1997. First US edition published by Scholastic in 1998)
    • I’ve started listening to a fabulous podcast that I fully recommend: Harry Potter and the Sacred Text. I also attended my first in-person meeting of their book club last week. So what does it mean to treat Harry Potter as a sacred text? Three things (per their site):
      • 1) trusting the text (“we practice the belief that the text is not ‘just entertainment’, but if taken seriously, can give us generous  rewards.
      • 2) rigor and ritual (“The text in and of itself is not sacred, but is made so through our rigorous engagement”)
      • 3) reading it in community (“Scholars of religion explain that what makes a text sacred is not the text itself, but the community of readers that proclaim it as such. The same applies to us.”
    • Often times (and somewhat related to Book 54) it seems people are unwilling to fully embrace the things they love. There’s this desire to keep an ironic distance. While irony has its place in our lives and how we view our beliefs (see: Richard Rorty), there is also something incredibly valuable about loving something and pursuing its gifts in earnest. This podcast fully embraces this philosophy. I’ve learned so much from them and their subscribes (who call in). If you want to cultivate the virtues, this would not be a bad place to start the work. (and as they point out, becoming a better person is work)
  5. Speaking Freely: Whitney v. California and American Speech Law by Philippa Strum (University Press of Kansas 2015)
    • Unfortunately, no relation (as far as I know!)

Markets without Limits: Moral Virtues and Commercial Interests

book coverFinished Markets Without Limits: Moral Virtues and Commercial Interests. Toying with writing a full book review so will wait on saying too much here.

The book takes aim at anti-commodification theorists and stakes out two claims: (1) if you may do it for free, you may do it for money, and (2) there are no inherent limits to what can be bought and sold, but only restrictions on how we buy and sell. If the anti-commodification theorists really are essentialists about markets (that is, think that, no matter what, in all possible worlds, markets are corrupting, bad, etc.), then Jason and Peter present some problems they need to respond to (though some of the arguments against essentialism are better than others. That in some cultures men leave money on the pillows of the women they’ve just had sex with is expected and it’s failing to leave money that’s a sign of disrespect might not be such a great example of money operating well. I suspect gender relations in that context aren’t what feminists are hoping for). However, if anti-commodification theorists are instead objecting to markets in the world we currently live in, given all its imperfections, it strikes me that the most this book can say is something like “well, maybe they’re bad now, but then we should change those conditions because markets can actually do some good.” Fair enough but I hardly think that a devastating critique of those scholars.

That said, I do think they are pointing out some common mistaken critiques of markets that are in certain need of being pointed out and corrected.

And I’ve already said too much!