Monday, May 15, 2017


On Ethics and Economics, by Amartya Sen: I'd be curious how he would update these arguments after seeing the last 30 years of behavioral economics. Most of his argument is based on a far too narrow notion of what can constitute "utility".

The Brain, by David Eagleman: Entertaining book companion to the equally entertaining documentary miniseries. Lots of interesting phenomena but frustratingly lacking in deep/detailed explanations. Very pop-sci.

Why Nations Fail, by Daren Acemoglu: Very impressively thorough, but the ratio of facts to ideas is about a thousand times too high for my personal taste. Highly recommended to history nerds. In terms of ideas, my main complaint is that he dismisses culture too quickly. Culture and institutions are inextricably linked but not trivially and not constantly and that interaction should have been discussed. This is even more true in modern, politically-inclusive societies in which culture drives institutions more than anything else and more than the other way around.

Sex at Dawn, by Christopher Ryan and Cacilda Jetha: Hoo boy. I'm gonna have to write a separate blog post about this one and Sex at Dusk.

Sex at Dusk, by Lynn Saxon*: A response to Sex at Dawn. In case I don't get around to writing that separate blog post, this is the most satisfying slam-dunk takedown of not only irresponsible but intentionally misleading pseudoscience that I've ever read. There is no shortage of pseudoscience masquerading as legitimate research out there, but most of the time the response from credible scientists is to laugh/sigh it off and get on with work, because responding would be both Sisyphean and Pyrrhic. Given the cult status Sex at Dawn has attained (I've lost count of the number of times I've heard it casually referenced as proof that humans are naturally polyamorous), thank goodness Lynn didn't leave it alone.

Confessions of a Sociopath, by M.E. Thomas: The first quarter of the book would have sufficed; after that the amateur navel-gazing got more tiring than it was worth. But it was nonetheless interesting.

Economics Rules, by Dani Rodrik: I'm not sure who this book was written for. Non-economists wouldn't be interested and economists don't need to hear it. To the extent it could be valuable to professionals, it would be much moreso as a concrete and detailed JEP paper (for example; or something similar). Anyway, as far as the content goes it was pretty much fine; while I don't agree with some of what he says within microeconomics, I can't argue about macro. But, I will say that if you don't want to think of economic models as special cases of some hypothetical grand unifying model, but you do want people to apply specific models more carefully and according to some objective principles, those objective principles sound like a key part of a unifying model to me.

Guys can be cat ladies too, by Michael Showalter: I'm waiting for the sequel, "How to turn your reluctant guy into a cat lady".


* For some reason I might infer was nefarious if I were the type to do that, I can't find this book by searching within amazon. What the heck....? But the amazon link is the first hit with google...

1 comment:

Sandro said...

I don't think behavioral econ would change much about how Amartya Sen would write his book. First, behavioral welfare econ is impressively underdeveloped given its potentially importance. Second, it seems to me that behavioral econ differs minimally from standard econ as far as welfare aspects are concerned. The main distinction between the two is that while in standard econ we assume that there's some utility and choices always reveal this, in behavioral econ we assume there's some "true" utility, but choices sometimes do not directly reveal it. But there is a rather narrow set of utilitarian principles at the core of both of them. One example is the assumption that individual welfare can be reduced to a value on a one-dimensional utility function. I think it's the latter that Sen takes issue with.