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Books, essays and others Economics History & heritage Liberty

[1032] Of dismal science: it mocks liberalism, not economics

I managed to finish up a book on new year’s eve. It might be an odd way to celebrate the eve to you yappies but I am not to blame for that. Eid fell on Sunday and so, though I had the free will not to, I decided to tag along with my family to visit my grandma in Malacca.

Finishing up a book on new year’s eve allowed me to start reading a new one on January 1 itself. I bought three new titles into my collection earlier; of the three, I decided to start with Beinhocker’s The Origin of Wealth. Initially, I thought it would be dry but the first chapter truly attracts me. It starts with a history of economics.

This is what I learn from the first chapter: economics is called a dismal science by Peter Carlyle not because the discipline is all about doom and gloom. Specifically, as it is commonly thought, the term was a reaction to Malthusian theory which suggests that with exponential population growth vis-à-vis geometric food production growth, population would collapse sooner or later.

As mentioned in the notes of The Origin of Wealth, the term “dismal science” was coined by Carlyle in his work, Occasional Discourse on the Negro Question, to mock the “alliance of economists and abolitionists”. Carlyle was a proponent of slavery while liberal economists were standing on the other side of the river, fighting for abolition of slavery. It really has nothing to do about economics having a pessimistic worldview.

On Wikipedia:

Developing a deliberately paradoxical position, Carlyle argued that slavery was actually morally superior to the market forces of supply and demand promoted by economists, since, in his view, the freeing up of the labor market by the liberation of slaves had actually led to a moral and economic decline in the lives of the former slaves themselves.

So, next time, be careful on how you use the term “dismal science”. It might not mean what you meant within the original context it was used.

Categories
Books, essays and others Personal

[1016] Of drunk and sobering again

I suffered temporary madness just a few hours ago. Or maybe, I was just a little drunk.

It was Friday and merely a few days before Christmas. With having nothing to do, I decided to give Kinokuniya a visit. With me running out of books to read, I felt it was the perfect time for me to go on book shopping.

Initially, I had a specific title in mind and probably one or two other titles I would decide once I actually saw them. For that one specific book, I was looking for Francis Fukuyama’s The End of History and the Last of Man. I thought, I have never read Fukuyama despite being familiar with his ideas. At the book store, I went straight to the counter, asked for Fukuyama’s and got it. One thing though, Kinokuniya placed The End of History at the history section…

The girl at the counter was cute though.

Then, the random walk amid the racks began.

First was The Undercover Economist. It was right beside Freakonomics. And yes, I admit, I haven’t read Freakonomics. I know it’s pop-econ but I feel I know enough economics that I wouldn’t feel too astounded to the facts in the wildly popular book. What’s more, I actually had read some of its content and while entertaining, I could say I’m familiar with it. Besides, I prefer not to read what most others read. As with The Da Vinci’s Code, I only read it after a friend incessantly told me I should read it day in day out. I read Da Vinci’s just to shut her up. Digression aside, I picked that book.

The third book was Amartya Sen’s The Argumentative Indian. I don’t know why I picked it up but I suspect it was because Nik Nazmi mentioned it earlier in his blog. For all I know, Nik Nazmi probably run a subliminal message that would sound like “read Sen. read Sen.” And The Argumentative Indian became the third book I picked up.

I thought I would stop at three books but soon, I spotted Richard Dawkins’ The God Delusion. I remember Dawkins from an article on New York Times. Furthermore, the title was on Kunikoniya’s top ten non-fiction list. I picked that one up too. So much for “don’t really like reading what most people like to read“, eh?

The fifth book was The Affluent Society by John Kenneth Galbraith, one of the more prominent economists in our times. I have great respect for him, despite the fact that some of his ideas aren’t too friendly to libertarianism.

The sixth was The Origin of Wealth by Eric D. Beinhocker. The reason I picked up this book is pure curiousity. At the back of its jacket, it writes “There is a revolution underway in economics and you need to know about it.” Call me a sucker but I really wanted to know about the revolution. And judging from the selection of the books, you could probably guess which section I was lingering at.

Bill Clinton’s My Life was next. People — well, my democrats-friendly friends actually — told me how great the book is. They might be biased but I do think Bill Clinton is a great President. So, one more.

The last one was History the Malay Kingdom of Patani by Ibrahim Syukri. Why I picked this one up? I thought, hey, maybe I could read this and then contribute to Wikipedia!

After all the madness, I started to sober up. The cause of the awakening was the increasingly heavy burden I was carrying. Yes, the burden was the books. And all those books probably would have burned a hole through my wallet if I hadn’t sober up.

I inspected price tags and I said to myself, “whoa!”. The whole thing cost more than RM 500. In fact, it was more like RM 800!

I didn’t plan to spend RM 800 as recklessly as I had picked up the book and so, with heavy hearts, I had to filter them out.

The first victim was The Undercover Economist. Second was The Argumentative Indian.

Then, it was History of Patani. This book in particular is priced in the most irrational way. It’s a relatively thin book but priced nearly RM 50. Clinton’s My Life is about five times as thick and cost just RM 65. Maybe, I could blame it on economies of scale!

The fourth unfortunate victim of the unwanted culling was The Affluent Society.

Ironically, the scourge cost the book that I came in the first place. Yes, I threw away The End of History.

So, in the end, I was left with My Life, The Origin of Wealth and The God Delusion.

While I’m currently happy with two titles, I’m not so sure with The Origin of Wealth though. When I got home, I immediately opened by New Years’ present and took a sneak peak of what to come. Naughty me.

The Origin of Wealth unfortunately looks like an economics thesis instead of something one could read for leisure. The appendices itself could be made into a book by itself. That’s how thick it is. Maybe I should just return and trade it for Fukuyama’s instead.

And great. I forgot that I wanted to get Sophie’s World.

Regardless, these three titles ought to keep my busy for weeks.

Categories
Books, essays and others Politics & government

[974] Of welcome President Bush

Hello Mr. President. You might have notice all those protests in Indonesia held with respect to your visit. Well:

I believe that history will make very clear that President Bush shamelessly exploited the emotions around 9/11 for political purposes. He used those 9/11 emotions to take far-right Republican domestic agenda on taxes, the environment, and social issues from 9/10—an agenda for which he had no popular mandate—and drive it into a 9/12 world. In doing so, Mr. Bush not only drove a wedge between Americans and between Americans and the world, he drove a wedge between America and its own history and identity. His administration transformed the United States into “the United States of Fighting Terrorism.” This is the real reason, in my view, that so many people in the world dislike President Bush so intensely. They feel that he has taken away something very dear to them—an America that exports hope, not fear.

We need our president to restore September 11 to its rightful place on the calendar—as the day after September 10 and before September 12. We must never let it become a day that defines us. Because ultimately September 11 is about them—the bad guys—not about us.

We’re about the Fourth of July. We’re about 11/9.

— Thomas Friedman, The World is Flat.

Welcome Mr. President to the Malay Archipelago.

Categories
Books, essays and others Personal Photography

[963] Of meeting NYT columnist and Pulitzer Prize winner Thomas Friedman

Alright. It wasn’t me that met Thomas Friedman. Rather, it was two of my Michigan friends whom are currently based in Beijing. One of the two friends sent a few photos over to me just to make me jealous.

So, this is Friedman signing a book:

Used with permission. Copyright by Liu Yen Li.

Yes. That’s Friedman. And nope. I’m not jealous.

And this is the two friends in the picture. This is a photo with a friend and Friedman in it. This is just to prove that he and she really met Friedman and the picture was not picked up from somewhere…

Used with permission. By Liu Yen Li.

If that isn’t enough (still not jealous)…

Used with permission. Copyright by Liu Yen Li.

She got her copy signed. And mine is not!

And also, one of the two friends (as he insists, he’s not in the picture) gave his business card to Friedman!

Alright! Alright! I admit it. I’m seriously jealous!

Also, according to the friend, he paraphrased it I suppose, he had a conversation with Friedman:

“Sir, you wrote about my company, [name withheld], in your book. I am actually here in China to set up the same operation like the one in Bangalore”.

He looked up and say “That’s great”.

“Yeah… I guess I am doing a really good job… So now my colleagues back in Singapore may get fired sooner than scheduled….”

TF: “I am sorry to hear that…. but it’s really interesting…”

Categories
Books, essays and others Liberty

[941] Of Burgess’ banned in Malaysia

Roughly a year ago, I wanted to read more of Burgess’ work. Specifically, I was aiming for The Long Day Wanes, also known as the Malayan Trilogy. I looked for it but the search was unsuccessful. In place of the trilogy, I bought Burgess’ The Wanting Seed instead. Interesting read but I wish I had bought The Long Day Wanes. I tried my luck at several other stores looking for it for several weeks but the effort proved futile.

Sure, there’s Amazon. However, the shipping cost is more than 100% of the novel’s price. I’m not willing to pay that much for it.

A few days ago, I found out the reason why it’s hard to find the trilogy through a post by Sharon Bakar. According to a list compiled by local authority, as provided by Silverfish Books, the Malayan Trilogy is banned in Malaysia. More specifically, it is “restricted”.

Interestingly enough, Making Globalization Work by Prize in Economics winner, Joseph Stiglitz is also banned.

Anyway, I and few friends plan to gather together and discuss about book censorship in a few weeks time. The list provided by Silverfish is not the impetus for the discussion however. Nevertheless, it provides a nice background for the discussion. So, here I am, opening the invitation to my readers. If you’re interested, just howl at me.

Nothing concrete has been planned yet. So please be patience at the rate which information flows out.