Rewrite the rules to benefit everyone, not just the wealthy - "If there's one thing Joseph Stiglitz wants to say about inequality, it's that it has been a choice, not an unexpected, unfortunate economic outcome. That's unnerving, but it also means that citizens and politicians have the opportunity to fix the problem before it gets worse." (via) [more inside]
The Future of (Post)Capitalism - "Paul Mason shows how, from the ashes of the recent financial crisis, we have the chance to create a more socially just and sustainable global economy." (previously; via) [more inside]
One mathematician’s formula suggests that all-male lineups don’t “just happen,” despite what conference organizers might claim. "...in any conference with over 10 speakers, say, it would be extremely rare to have no female speakers at all—less than 5 percent chance, depending on one’s assumption about the percentage of women in mathematics as a whole."
Dallas County district attorney Susan Hawk's life fell apart after she took office: divorce, depression and thoughts of suicide. After she fired some of her most experienced staff and amid allegations of erratic or unstable behavior, she vanished from public view in late July. Nine weeks later, she re-emerged to announce that she had undergone two months of treatment at a mental health facility for Major Depressive Disorder. She says she’s ready once again to serve. Is she up to the job? (Some links in this post discuss suicide / suicidal ideation. Some readers may find linked content disturbing.) [more inside]
Vankadarath Saritha, Delhi's first female bus driver - "Women have been to space so why can't we drive a bus?"
Why are little kids in Japan so independent? - 'If we had a nonviolent society, kids could walk around on their own, unafraid, like they do in Japan'. (via)
For nine seasons, (1995-2004) comedienne and actress Kathy Kinney played Mimi Bobeck, the "outrageously made-up, flamboyantly vulgar, and vindictive nemesis" of Drew Carey on the sitcom The Drew Carey Show. Lately, she's been busy with a new role: professional children's storyteller. Welcome to Mrs. P's Magic Library. [more inside]
FINLAND: New Government Commits to a Basic Income Experiment - "The Finnish government of Juha Sipilä is considering a pilot project that would give everyone of working age a basic income."[1,2,3] (via) [more inside]
All over America, people have put small "give one, take one" book exchanges in front of their homes. Then they were told to tear them down.
Sexual-Preference Cakes We Are Willing to Build (a parody in light of the recent ruling in Colorado that Masterpiece Cakeshop discriminated against two men by refusing to sell them a wedding cake.)
Shared Prosperity, Common Wealth, National Equity and a Citizen's Dividend: Nirit Peled takes a look at social experiments in basic incomes for VPRO Tegenlicht, a Dutch public television documentary series. Starting with a German crowdfunded UBI chosen by raffle -- kind of like the opposite of Le Guin's Omelas (or Shirley Jackson's Lottery in reverse) -- the focus moves on to Albert Wenger who wants to disconnect work from income not only as automation progresses but to accelerate the process. Then it's on to Guy Standing who has conducted basic income experiments in India and Namibia (pdf) and is trying to get one off the ground in Groningen (Utrecht apparently is also a go). Finally, a stop in Alaska to ask some of its residents about their views on the state-owned Permanent Fund. This last part brings to mind the question: just what is wealth anyway? [more inside]
Joe Stiglitz on Inequality, Wealth, and Growth: Why Capitalism is Failing (video; if you don't have 30m, skip to 20m for discussion of political inequality, wealth, credit and monetary policy) - "If the very rich can use their position to get higher returns, more investment information, more extraction of rents, and if the very rich have equal or higher savings rates, then wealth will become more concentrated... economic inequality inevitably gets translated into political inequality, and political inequality gets translated into more economic inequality. The basic and really important idea here is that markets don't exist in a vacuum, that market economies operate according to certain rules, certain regulations that specify how they work. And those effect the efficiency of those markets, but they also effect how the fruits of the benefits of those markets are distributed and the result of that is there are large numbers of aspects of our basic economic framework that in recent years have worked to increase the inequality of wealth and income in our society... leading to a society which can be better described, increasingly, as an inherited plutocracy." [more inside]
China rates its own citizens - including online behaviour: "The Chinese government is currently implementing a nationwide electronic system, called the Social Credit System, attributing to each of its 1,3 billion citizens a score for his or her behavior. The system will be based on various criteria, ranging from financial credibility and criminal record to social media behavior. From 2020 onwards each adult citizen should, besides his identity card, have such a credit code." [more inside]
Foundation: Public Goods and Options for the Bottom Billions - "Human beings just don't handle the very long run well" and that's where government increasingly comes in... (via) [more inside]
A Tour of David Černý's Prague. David Černý is shaping Prague’s personality - one sculpture at a time. (previously)
Anyone who writes articles on the web knows the maxim: "Don’t read the comments." Fortunately for Yoni Appelbaum, a recent Ph.D. in history from Brandeis University, the well-known writer Ta-Nehisi Coates routinely ignores that rule.How a history Ph.D. who was on the tenure-track market ended up in with a pretty good gig in journalism, primarily because of the quality of his comments.
Let Us Face the Future - "All parties pay lip service to the idea of jobs for all. All parties are ready to promise to achieve that end by keeping up the national purchasing power and controlling changes in the national expenditure through Government action. Where agreement ceases is in the degree of control of private industry that is necessary to achieve the desired end. In hard fact, the success of a full employment programme will certainly turn upon the firmness and success with which the Government fits into that programme the investment and development policies of private as well as public industry." [more inside]
BIG and BOT Policy Proposals (transcript) - "Many of our current economic policies originated during times of scarcity. But now, says investor Albert Wenger, we live in an era of 'digital abundance', when creating new products costs virtually nothing. To adapt to the resulting economic upheavals, we won't need just more tech, says Wenger, but some strong policies. Here he explores two: basic income guarantee and the right to be represented by a bot." [more inside]
The End of Banking: Money, Credit, and the Digital Revolution - "Unregulated banking with access to government guarantees is an enticing business model. It offers the profits of excessive risk-taking in good times, and allows passing on the inevitable losses to taxpayers in bad times." [more inside]
Raj Chetty gives the 2015 Richard T. Ely Lecture (video, slides; talk begins at 9m) for the AEA: [more inside]
"It’s absurd to be forced to make an argument in 2014 about why a country needs to invest in long term basic science" [more inside]
"But having survived myself, what I want to do now is help other victims of the shame game survive too. I want to put my suffering to good use and give purpose to my past."Monica Lewinsky gives her first major public speech to speak out against online abuse. Full transcript here.
The Solace of Oblivion by Jeffrey Toobin [The New Yorker] "In Europe, the right to be forgotten trumps the Internet."
The political economy of a universal basic income: "your view of what is feasible should not be backwards looking. The normalization of gay marriage and legalization of marijuana seemed utopian and politically impossible until very recently. Yet in fact those developments are happening, and their expansion is almost inevitable given the demographics of ideology... UBI — defined precisely as periodic transfers of identical fixed dollar amounts to all citizens of the polity — is by far the most probable and politically achievable among policies that might effectively address problems of inequality, socioeconomic fragmentation, and economic stagnation." [more inside]
"If you need a sign to tell people to slow down, you designed your street wrong." Going from "Forgiving Highways" to "Self-Explaining Roads": A longitudinal look at the Dutch and American responses to motor vehicle traffic safety. [more inside]
The Public Art Archive is a free database of publically visible and accessible works of art, primarily in the United States. It currently contains 8605 works of art, by 3578 artists. For an idea of what's there, they also produced an overview map
Why the modern bathroom is a wasteful, unhealthy design (The Guardian): "Piped water may be the greatest convenience ever known but our sewage systems and bathrooms are a disaster" [more inside]
“Every time the paper blade falls a camera will be triggered to capture the expression of the those who have put their neck on the line for an art experience like no other. Each fearful facial expression, forever immortalized on the PaperCuts-Exhibtion.com.”
- Welfare economics: an introduction
- The perils of Potential Pareto
- Inequality, production, and technology
- Welfare theorems, distribution priority, and market clearing
- Normative is performative, not positive
A Giant Network of Trampolines Suspended in an Abandoned Welsh Slate Mine Open to the public July 4th, 2014
“Hindus are, on average, richer and more educated than Muslims. But oddly, the child mortality rate for Hindus is much higher. All observable factors say Hindus should fare better, but they don't. Economists refer to this as the Muslim mortality puzzle. In a new study, researchers believe that they may have found a solution to the puzzle. And, surprisingly, the solution lies in a single factor – open defecation.” [more inside]
In order to combat public defecation in India, the UN has created an anthropomorphic cartoon turd with a tune that's catchy as hell.
The New York Public Library has released more than 20,000 high resolution cartographic works (maps!) for free, to view and download. "We believe these maps have no known US copyright restrictions." All can be viewed through the New York Public Library’s Digital Collections page and downloaded through their Map Warper. (Via) [more inside]
Keith Hampton, an associate professor in Rutgers' School of Communication and Information, filmed people in Bryant Park (among other locations) in an ongoing effort to recreate and update sociologist William H. Whyte's Street Life Project. [more inside]
A new Report on the State of Health + Urbanism (pdf) from MIT looks at the relationship between urban planning and public health, with some surprising findings. The cities covered are Atlanta, Boston, Chicago, Houston, Minneapolis, New York, Los Angeles, and San Francisco. [more inside]
Daniel Radcliffe’s Next Trick Is to Make Harry Potter Disappear (slnyt profile, via) [more inside]
Last week, Improv Everywhere set up the ACJW Ensemble Orchestra (of Carnegie Hall and The Juilliard School) in Herald Square in New York City and placed an empty podium in front of the musicians with a sign that read, "Conduct Us." [more inside]
How The Economic Machine Works by Ray Dalio actually makes a case against austerity and for redistribution, but also for money printing (and, arguably, for bailouts), while stressing the need to keep making productivity-improving public and private investments. However, it could be equally entitled: How The Industrial Age Political-Economy Doesn't Work Anymore, viz. Surviving Progress (2011)... [more inside]
More than half the population of small, rural Madras, Oregon (population: ~6059) and its surrounding community is served by one clinic: Madras Medical. At the beginning of 2006, the clinic's doctors and nurses decided to ban pharmaceutical reps from visiting their practice. No more free lunches. No more free drug samples. No more gifts. And yet.... "It's made us better doctors." (Via) [more inside]
Rising Demand for Long-Term Services and Supports for Elderly People (pdf, 574 kb) - "By 2050, one-fifth of the total U.S. population will be elderly (that is, 65 or older), up from 12 percent in 2000 and 8 percent in 1950. The number of people age 85 or older will grow the fastest over the next few decades, constituting 4 percent of the population by 2050, or 10 times its share in 1950. That growth in the elderly population will bring a corresponding surge in the number of elderly people with functional and cognitive limitations."
This sheer quantity is in itself something new. All future histories of modern language will be written from a position of explicit and overwhelming information — a story not of darkness and silence but of data, and of the verbal outpourings of billions of lives. Where once words were written by the literate few on behalf of the many, now every phone and computer user is an author of some kind. And — separated from human voices — the tasks to which typed language, or visual language, is being put are steadily multiplying. [more inside]
"Them and Them." "Rockland County, New York's East Ramapo school district is a taxpayer-funded system fighting financial insolvency. It is also bitterly divided between the mostly black and Hispanic children and families who use the schools and the Hasidic and ultra-Orthodox Jewish majority who run the Board of Education and send their children to private, religious schools." Also see: A District Divided. [more inside]
Anthony Weiner and Huma Abedin’s Post-Scandal Playbook (Spoiler: The disgraced Congressman is likely running for Mayor of New York City. SLNYT, Via)
The last King of Rwanda, Kigeli V Ndahindurwa, lives on public assistance in low-income housing, at a dead end between US Route 66 and State Route 655 in Oakton, Virginia. 'He ruled Rwanda for just nine months in the 1960's before fleeing a revolt and has spent the last half century in exile, powerless to stop the violence that ripped through his country. He is 76 years old now, his tottering seven-foot-two-inch frame stooped by age and the vagaries of fate.'
Economists and the theory of politics - "why unions were often well worth any deadweight cost" [more inside]
The Most Dangerous Equation If you have never taken the time to read any statistics, then take the time to read this short chapter excerpt. In order to understand the world a bit more accurately and be able to interpret data for public policy, understanding De Moivre’s equation and sample variability is very significant.