Somewhere else, part 103

Some writings worth reading,

Tyler Cowen says today that “The forthcoming Thomas Piketty book will be very important” That “will be” is sort of interesting. You see, the name of the book is Le capital au xxie siècle, and it was published three months ago. But no one is talking about it. Presumably, it will become very important—and very talked about—only next March, when Capital in the 21st Century hits the shelves. I don’t have any grand point to make. It’s just interesting that fluent French is now so rarely spoken among American academics that an important French book can’t even get the time of day until its English translation comes out. It makes sense that widespread conversation would have to wait, since you can’t very well have that until lots of people have read the book, but you’d think there would be at least a few reviews out there along with a bit of discussion. But if there has been, I’ve missed it.

One problem has been addressed neither by Europe nor by the US, the Christian-conservative daily Salzburger Nachrichten writes: “Many banks are still far too big. And no one can explain why they have to be so big that they have the potential to drag entire countries to the brink of ruin – or even plunge them into the abyss. Their representatives say that international customers want to be advised globally by one partner, hence size is essential. No one questions this, everyone just accepts it. That’s why even in the sixth year after the financial crisis the spectre of ‘too big to fail‘ is still haunting us. If we could put a stop to this, we would have learned one of the most important lessons from the financial crisis: no bank should be so big that it cannot fail. No financial regulator dares take up this challenge, however, so the newly avowed security is just a chimera.” (19/12/2013)” [via http://salzburg.com/nachrichten/…]

Obviously the web has changed a lot, although the process actually started even before the rise of blogs. Economics journals stopped being a way to communicate ideas at least 25 years ago, replaced by working papers; publication was more about certification for the purposes of tenure than anything else. Partly this was because of the long lags — by the time my most successful (though by no means best) academic paper was actually published, in 1991, there were around 150 derivative papers that I knew of, and the target zone literature was running into diminishing returns. Partly, also, it was because in some fields rigid ideologies blocked new ideas.”

avec un peu de lecture en français,

et la pensée de la semaine passée,

  •  par ‏@LANDEYvves “Beaucoup de nos hommes politiques devraient prendre exemple sur Nelson Mandela. En mourant.

Did I miss something?


2 thoughts on “Somewhere else, part 103”

  1. J’ai découvert la playlist youtube de Vi hart ( http://www.youtube.com/user/Vihart ) via khanacademy.org . J’attendais la publication du nouveau “somewhere else” pour la partager.

    C’est un mélange de doodling et de mathématiques. Je pense que l’auteur et les lecteurs de ce blogs vont aimer (même ma copine pas vraiment emballée par les maths a aimé les dessins de fractals 😉 ).

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