The Undercover Economist is full of useful explanations of many orthodox economic concepts. It explains why free markets are so powerful and what economic efficiency means. It also contains the most accessible explanation of the subprime mortgage crisis as I have ever read. But when all you have is a hammer, everything looks like a nail. For Mr Harford, like many others, markets are that hammer. He does a decent job of trying to address possible difficulties with market-based solutions, but he ignores some fundamental problems.
Economists call free markets “efficient”. This just means that nobody can be made better off without also making somebody else worse off. For example, 10 billionaires having all the money while a million paupers starve to death could be an efficient system, since we can’t give a crust of bread to a pauper without making a billionaire worse off (by the price of a crust of bread). Obviously, this sort of efficiency doesn’t say anything about whether the economy is at all desirable. Hartford briefly points out that we tend to value things like fairness too.
Alfie Kohn says that homework is worthless. According to his book, there is no evidence that typical homework is beneficial in any way for junior schoolkids, and minimal evidence that it’s worthwhile for any students at all. In fact, there is evidence that it can be harmful to the kids’ attitudes to learning and stress levels. Homework also has opportunity costs, given that homework takes time that could be used doing something else like physical play, reading or family activities. This book lays out Kohn’s case against homework as currently practised.
Kohn’s website has a wealth of related essays following up the points in the book. For example, he argues that homework does not offer academic benefits.
This is a collection of essays on topics that have caught Baker’s eye. There are reports of his (in)famous efforts to preserve library newspaper collections, as well as thoughts on pacifism and video games, and a fascinating story of his brief immersion in the world of Wikipedia editing. As always, he comes across as intelligent and thoughtful, perhaps excessively so. But he has a nice turn of phrase and a strong social conscience.
This book is a follow-up, of sorts, to his The Size of Thoughts from 15 or so years ago, which I bought because I liked the cover. Baker’s non-fiction is a nice contrast with his very discursive novel Room Temperature, and worlds away from the low-key perversities of Vox and The Fermata.
Human well-being consists of more than just happiness. In this book, Martin Seligman presents one way of breaking down well-being into its components, so we can try to improve all of them and enable ourselves to flourish. PERMA is the acronym for the five components he identifies:
- Positive emotion
An interesting survey of the working of democracies, as illuminated by their responses to the last hundred years of democratic crises. The idea is that the inherent flexibility of democracies is their main strength but also an inescapable weakness:
This is the confidence trap. Democracies are adaptable. Because they are adaptable, they build up long-term problems, comforted by the knowledge that they will adapt to meet them. Debt accumulates; retrenchment is deferred. Democracies are also competitive, which means that politicians will blame each other for their failure to tackle the long-term problems. However, they do it in a way that gives the lie to urgency, because if it were truly urgent, then to they would compromise to fix it. Instead they squabble. They are comforted as they squabble by their knowledge that the system is resilient.
Success does not lead to happiness. Rather, happiness leads to success, according to this book. The brains’s neuroplasticity means we can make our thinking more flexible and actually become smarter, and we can help this to happen by taking steps to become happier. For example, in one study, doctors made more accurate diagnoses if they were given a lollipop beforehand. Such trivial mood enhancers make us more effective — that’s The Happiness Advantage, the first of his seven principles.
Achor lists some ways to become happier: Continue reading
This short novel is neat and satisfying. It’s the story of a girl who decides to become a governess; Agnes is positively saintly, but with a quite amusing wryness in her descriptions of the people she meets. She certainly doesn’t make governessing sound like much fun; doubly so since Brontë based the story partly on her own experiences.
Inevitably, there is a romantic interest. He seems quite unpromising when first introduced, though I identified him immediately as The One; it’s that kind of story. Later, when she describes his appearance, the words are an exact — exact! — description of Colin Firth as Mr Darcy.
A man is on a motorcycle road trip with his son and a couple of friends. As they travel through roads and towns across the USA, he pontificates about life, philosophy, and yes, motorcycle maintenance. He doesn’t say a lot about Zen, actually, but what he does say fits in well with the rest of his ideas. He’s trying to develop a train of thought that he thinks might be able to solve the malaise affecting the affluent West in these decadent times.
As the narrator talks more about his own history, it becomes clearer where his ideas came from and how bound up they are to his personal life. You can tell that there are some troubles below the surface and these build tension throughout the story leading to… well, the end of the story, which was reasonably satisfying.
A thoughtful analysis of what is wrong with the mass media and how to put it right. It goes far beyond obvious ideas like reducing the bias towards bad news. I could see some of his ideas gaining traction, in the print media at least. It seems less likely on TV — maybe in a public broadcaster. If that happened I might occasionally watch TV.
This wry and trenchant book shows how Proust’s book is full of lessons we can apply to our own lives. It could be titled “All I Need to Know About Life I Learned from In Search Of Lost Time.” There are other books claiming that you can learn all you need from kindergarten, or from Little Golden Books, or even your cat. But de Botton’s claim actually seems plausible given the depths of detail Proust put in his book.
I remember a character in Gilbert Adair’s rollicking The Key of the Tower who always carried a volume of Proust, and often whipped it out and read some apposite quotation. This is how people used to use their bibles, as de Botton points out in his recent book Religion for Atheists. I would like to know a book this well. I have never read Proust, but after reading de Botton I really am quite keen to have a go. I give myself 5-10 years.