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Small Steps Toward A Much Better World
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22 мая, 07:21

Legalize pot, but don’t normalize it

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That is the topic of my latest Bloomberg column.  Here is one bit: You might wonder why we should be so worried about public marijuana use. To put it bluntly, I see intelligence as one of the ultimate scarcities when it comes to making the world a better place, and smoking marijuana does not make […] The post Legalize pot, but don’t normalize it appeared first on Marginal REVOLUTION.

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21 мая, 20:20

The economics of Ethiopian floriculture

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Most cut flowers have a high value-weight ratio, and are very perishable.  Flowers are consumed throughout the year, and must respond to varying consumer requirements through time.  Thus, the industry depends on air transport and cold-chain logistics throughout the value chain.  Air transport fees account for more than half the total cost of the product…and […] The post The economics of Ethiopian floriculture appeared first on Marginal REVOLUTION.

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21 мая, 18:59

Monday assorted links

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1. Are people in the suburbs happier?  You don’t need to click on this one to know the answer. 2. “Our newest royal bride, meanwhile, has already shut down her blog and deleted her Twitter, Facebook and Instagram accounts. From now on, even as her image becomes increasingly ubiquitous, her voice will be heard less […] The post Monday assorted links appeared first on Marginal REVOLUTION.

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21 мая, 14:25

Dematerialization: Humanity’s Biggest Surprise

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Andrew McAfee argues that the Earth Day environmentalists correctly diagnosed the problem, a worsening environment, but were wrong about the solution, degrowth. In fact, the drive to reduce costs by making better use of resources has led to a dramatic decrease in resource use even as production has increased, a dematerialization. Poverty not prosperity is […] The post Dematerialization: Humanity’s Biggest Surprise appeared first on Marginal REVOLUTION.

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21 мая, 08:10

Kenneth Arrow, weather officer

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Following the U.S. declaration of war on December 8, 1941, Arrow, who was certain to be drafted, enlisted in the hope of securing an officer’s commission in the U.S. Army Corps where he believed he would have a chance to use his mathematical and statistical training.  He was quickly approved to attend an aviation training […] The post Kenneth Arrow, weather officer appeared first on Marginal REVOLUTION.

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21 мая, 07:09

*Unfabling the East*

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That is the new and noteworthy book by Jürgen Osterhammel, and the subtitle is The Enlightenment’s Encounter with Asia.  Here is one good bit of many: For Alexander Hamilton, there was nothing more acoustically disturbing on his extensive travels in Asia than the bells that tolled through the night in Portuguese Goa.  Asian cities are […] The post *Unfabling the East* appeared first on Marginal REVOLUTION.

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20 мая, 21:07

*A World to Win: The Life and Works of Karl Marx*

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The author is Sven-Eric Liedman and it came out on May 1. This book is very well done.  It is not revelatory to me, but it serve very well as the standard, up to date major biography of Marx.  You can order it here. The post *A World to Win: The Life and Works of Karl Marx* appeared first on Marginal REVOLUTION.

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20 мая, 20:29

Ethiopia: books on horseback

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Via Malcolm Clark. The post Ethiopia: books on horseback appeared first on Marginal REVOLUTION.

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20 мая, 17:30

The capitalization of Coinbase

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Consumers who sign up with Coinbase must feel sure that their online wallets will not be hacked, its executives say. To minimize the risk of a catastrophic data breach, Coinbase stores roughly 99 percent of its customers’ funds in formats that are not connected to the Internet. The remaining 1 percent — the liquid funds that […] The post The capitalization of Coinbase appeared first on Marginal REVOLUTION.

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20 мая, 14:09

Markets in everything, metals from dead bodies edition

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The recycling bin behind the cremation chamber is the first tip-off that Elgin Mills Crematorium, north of Toronto, is up to something different. The green bin is full of medical implants, including titanium hips and knees, stainless steel bone screws — even gold teeth. The pieces gathered here were, until recently, inside the bodies of deceased people. […] The post Markets in everything, metals from dead bodies edition appeared first on Marginal REVOLUTION.

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20 мая, 07:43

*The Radical Fool of Capitalism*

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Bentham…appraised the trophies — dismissively dubbed “baked heads” — as technical innovations and recognized their potential for his own plans.  He enthusiastically praised the “savage ingenuity.”  An 1824 draft of his will was the first to contain the score of his wishes: first, to see the corpse as an inheritance… According to legend, Behtam carried […] The post *The Radical Fool of Capitalism* appeared first on Marginal REVOLUTION.

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19 мая, 20:03

Saturday assorted links

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1. “Morris attacks Kuhn in the time-honored Johnsonian style.” 2. Obituary for Richard Pipes (NYT). 3. “Today, deterrence through classical music is de rigueur for American transit systems.” 4. “Germany spent €37bn on defence last year. If we wanted to spend 2 per cent of GDP on defence by 2024 that would mean almost doubling the […] The post Saturday assorted links appeared first on Marginal REVOLUTION.