Converts, conversely

Back in 2005, I wrote about the common experience of dealing with " people who’ve shifted, politically, from positions well to my left to positions well to my right" (taking as an example, Nick Cohen). Paul Norton, about the same time, wrote along similar lines.

At the time, I mentioned that there weren't many examples of people going in the opposite direction[1].  But as a commenter points out following this Ryan Cooper link to my last post on the collapse of the rightwing parallel universe, there are now lots of prominent US examples: David Frum, David Stockman, Andrew Sullivan, Bruce Bartlett and just now Michael Fumento. I'm quite surprised by Fumento, who has always appeared to me as a stereotypical culture warrior.

Of course, there isn't an exact symmetry here, essentially arising from the fact that, whereas most of the L-R conversions happened at a time when the left as a whole was conceding a lot of intellectual and political ground to the right, the current situation is one where the US conservative movement and their international offshoots have moved sharply to the right and remain politically potent. So, it's much more plausible for those making the R-L shift to claim "I didn't abandon the conservative movement, it abandoned me".

Still, never having had such a conversion experience I find it fascinating to observe. Particularly striking is the fact that a sharp change in position doesn't much change the confidence with which views are expressed. Someone who was cautious and sceptical before a change in view will remain so afterwards. More strikingly, converts who held their old views with absolute confidence, will be equally confident of their rightness in abandoning those views.

 

 

 

 

 

 

fn1. Some earlier examples that occur to me now (all US) are David Brock, Michael Lind and Kevin Phillips. No tendency of this kind is evident in Australia as yet - I'd be interested in views from other countries.

Parallel universe collapsing?

Over the last few months, a string of seemingly solid pillars of the rightwing ideological establishment have crashed, or at least wobbled. The typical case has been one of over-reach followed by public exposure and then a rush of sponsors and other supporters for the exit. Examples include

* Rush Limbaugh's attack on Sandra Fluke and subsequent abandonment by sponsors

* The failed attempt by rightwing operatives at the Komen Foundation to blacklist Planned Parenthood

* The exposure of ALEC's responsibility for the "stand your ground" laws that played a critical role in the Trayvon Martin case

* Most recently, the  Heartland Institute has seen sponsors bail and its entire Washington team (mostly focused on insurance issues) decamp, promising that their new operation will have nothing to do with climate "scepticism"

In addition to this, but arguably sui generis are

* the attempt (which looks like succeeding) by the Koch Brothers to take control of Cato, easily the most credible thinktank on the right of politics

* the denunciation of the Republican party by Norman Ornstein, long presented as the intellectually respectable face of the American Enterprise Institute

Read the rest of this post »

Housework in Utopia

The immediate reason for this post is the Crooked Timber discussion of my previous post on world meat supplies which morphed into a (mainly First World) arguments about cooking. But my bigger concern is the need for the left to offer a feasible utopian vision as an alternative to the irrationalist tribalism of the right.

My idea of feasible utopia is prosaic compared to some of the utopias that have grabbed attention in the past, but have led either nowhere or into disaster. On the other hand, it's positively, well, utopian, compared to what's on offer from Obama and Romney, or their counterparts in other  countries. In essence, it's an extrapolation of the course we seemed to be on from the end of World War II to the early 1970s, a mixture of social democracy, feminism and environmental sustainability applied to ever broader spheres of activity.

The central element of my idea of utopia is that everyone should be able to live decently, without being forced to spend a lot of time doing crappy jobs. That brings us pretty directly to housework[1], something most of us spend quite a bit of time on, and which involves a fair amount of crappy work, literally and figuratively.

If my conditions for utopia are to be feasible we need two things to be true. First, the total amount of crappy work has to be small enough that the average amount per person is not too large. Second, the work has to be organized so that no one actually has to do a lot more than their share.

Read the rest of this post »

I only read it for the pictures, honestly

The Economist gets some well-deserved derision these days, but it still delivers lots of interesting data, illustrated by graphs that are usually well designed and informative. Via Kenny Easwaran I found this table (published by EconomistDailyChart, but I haven't yet located the chart) of annual meat consumption per person by country. The data set has plenty of anomalous features, but looks accurate enough for my purposes.

I've previously argued that we can feed the world if we make the right choices. . More precisely, our current food system produces more per person than is needed for adequate nutrition, and can continue do so in future if the right policy choices are made. The key problem is distribution, not production.

But the meat consumption data leads me to a more surprising conclusion.  Using current technology and with no additional diversion of food grain, the world could produce enough meet to give everyone an intake comparable to that of the average person in the Netherlands[fn1].

Read the rest of this post »

Classical economics and recession in many countries (wonkish)

Sharp tests of economic theories are rare and hard to find, particularly in macroeconomics. Any examination of particular episodes in economic history necessarily involves counterfactuals, and these provide room for endless dispute. As an obvious example, assessing the impact of the Obama Administration's 2009 stimulus requires an estimate of how things would have gone without the stimulus, and that is obviously hard to do.

Similarly, arguments about unemployment in the US get bogged down in disputes over whether it is structural or demand-driven and the extent to which policies such as the extension of unemployment benefits to 99 weeks have contributed. 

There is, though, one way in which the current Great Recession/Lesser Depression provides a sharp test of a critical proposition in economics. All forms of classical economics involve, in one form or another, the claim that the causes of unemployment are to be found in labour markets, and not in  macroeconomic variables such as the level of aggregate demand. That's equally true of the Say's Law version of classical economics criticized by Keynes, the New Classical macroeconomics of Robert Lucas and the attempts by Real Business Cycle theorists like Kydland and Prescott to explain cyclical fluctuations in terms of labor market shocks.

The crucial problem for all these theories is that labor markets and the associated institutions operate mainly at the national level. Even within the EU, different countries have very different labor markets. So, it is essentially impossible for labor markets in many different countries to move together, except as the result of macroeconomic influences operating at an international level[1]. That means that the occurrence of a sharp and sustained increase in unemployment, taking place in many countries at once, is inconsistent with classical economics.

This point seems trivially obvious, but as far as I can tell hasn't been made, or at least not clearly. Once it's conceded, it seems impossible to avoid a view of the world that is basically Keynesian in its analysis of the macroeconomy.  It is possible to hold such a view and reject Keynesian policies on pragmatic grounds, as in Friedman's critique of 'fine-tuning'. But the longer and deeper the recession the harder it is to sustain this view.

This seems like a good time to plug the fact that a paperback edition of Zombie Economics will be out soon (May 6) with a brand-new chapter on Austerity, bits of which have been seen here. On 9 May, I'll be launching an Australian edition, where the added material is a chapter on Economic Rationalism. And a week or two ago, I received some copies of the Italian edition

http://www.stampa.unibocconi.it/articolo.php?ida=9724&idr=6

 

 

 

 

 

 

 

 

 

fn1. Of course, you can cheat and label these macro influences "technology shocks", then assume them to be internationally correlated. But in the ordinary meaning of technology, there is no plausible way in which economies as disparate as, say, the US and Greece can experience a common technology shock.

"Future generations" are already here

The Journal of Public Economic Theory has a special issue on Managing Climate Change, to which they are providing free access (hopefully, this link will work). I'm mentioning it partly because I have an article which I think is really important, even though the point it makes is a simple one, and partly because any initiative to make important information more freely available (even a limite special case like this one) deserves some applause.

My paper is a bit wonkish, but the basic point is simple, and, I think provides a knockdown argument against any form of utilitarianism that discounts future utility (including those misleadingly referred to as future generations.

Read the rest of this post »

The coming boom in inherited wealth

As everyone who has been paying attention knows, the news on inequality is nearly all bad. Not only has inequality increased dramatically in the US, but intergenerational economic mobility is declining[1]. And, where the US leads, the rest of the world looks likely to follow. The top 1 per cent lost more than most during the crisis of 2008-09 but, as Stephen Rattner reports here (drawing on work by Piketty and Saez), that was just a blip. A stunning 93 percent of the additional income created in the US in 2010, compared to 2009, went to the top 1 per cent, and there's no reason to think things were much better in 2011 - average real earnings have fallen yet again, and employment growth, though positive, was still modest. Wealth inequality is also high, though it has not increased as much as income inequality.

The one bright spot mentioned by Rattner is that " those at the top were more likely to earn than inherit their riches". Since I'm already noticing that point popping up in the places you might expect to see it (can't find a link right now), let me point out that Rattner's explanation, that "the rapid growth of new American industries — from technology to financial services — has increased the need for highly educated and skilled workers" is wrong, and that there is every reason to expect a boom in inherited wealth.

Read the rest of this post »

Republican conservatism: an infantile disorder?

Chris Mooney has a great talent for knowing just when to push the envelope. Back in 2005, when CT held a book event on The Republican War on Science, the idea that Republicans as a group were hostile to science and scientists was somewhere between controversial and unthinkable, as far as mainstream Sensible opinion was concerned. Now, it's a truth universally recognised - even the professional Repub defense team doesn't deny it, preferring the (demonstrably false) line that Dems are just as bad.

Now, with The Republican Brain Chris pushes the argument a step further with the question: why are Republicans  the way they are, and what, if anything, can be done about if?  As I read him, the answers are

(i) a complex mixture of genetic endowments, individual environments and social conditions produces authoritarians whose response to evidence challenging their beliefs is to double down/

(ii) not much

I plan a full-length review when I get a moment, so I won't say much more except to say that Chris has been brave in following the scientific evidence wherever it leads. It seems pretty clear that

(a) conservatives/Repubs exhibit a range of personality traits that are associated with unwillingness to consider factual evidence

(b) most personality traits are the product of a mixture of genetic and environmental influences

But that leads  directly to the conclusion that political views are genetically determined, if only partially and indirectly. And when we are talking about an ideology as intellectually dysfunctional as US Republican the implications are going to be controversial to say the least.

So, I'm expecting plenty of fireworks. But Mooney has argued his case carefully, and relied on scientific evidence rather than speculation. So, while there will doubtless be plenty of pushback, and effective criticism on some points, I'm expecting him to prevail.

In touch with the Zeitgeist?

At around 35k into the cycle leg of today's Mooloolaba triathlon, with a strong headwind[1] and the seat feeling very hard, I was wondering "why am I doing this". At the time, the question was more like "why did I get out of bed this morning", but there's also a question as to why a middle-aged academic like myself is doing something like this at all.

My own causal account is pretty simple. I gave up my old sport, karate, for a variety of reasons, then started "boot camp" style training (minus silly uniforms and other pseudo-military stuff). to keep fit. As a consequence, I found that, whereas the distance I could comfortably run had been measured in 100s of metres, it was now measured in kilometers. But I still wasn't particularly fast and my reasoning (captured by a T-shirt I saw today) was, "why suck at one sport when you can suck at three". And indeed, so it has turned out, but I still enjoy it and keep trying.

So, that's the purposive agent account. But (while I was not consciously aware of this at the time) triathlons are booming and not just in Australia. So, it seems, there is some general zeitgeist which I (and thousands of others) have somehow been driven by. This is not a unique occurrence

Read the rest of this post »

No Ordinary Deal

Max Weber once described politics as the slow boring of hard boards, and this is an apt description of the continuing efforts of the advocates of a globalised capitalism to grind down all the obstacles that might be posed by democratic government.

The dominance of global capital has been greatly enhanced by trade agreements such as those establishing the World Trade Organization. But, over time, the WTO has been less and less able to avoid public scrutiny and popular resistance. Moreover, it has an unfortunate tendency to stick to the rules even when US business doesn't like the outcome. So, we've seen a steady shift to bilateral deals, in which the US can dictate the terms.

Read the rest of this post »