Friday, October 16, 2020

Book talk on Literature and Inequality, part one

Yesterday was the long-postponed, and I hope not annoyingly over-advertised, Zoom session regarding Literature and Inequality: Nine Perspectives from the Napoleonic Era Through the First Gilded Age. (If not for the pandemic, this event would have taken place live in April.)

I offered initial remarks describing the book, given that, after which Branko Milanovic and Kenji Yoshino offered comments. Then I took questions and comments from the audience. The session was recorded, and I believe will be publicly available soon, in which case I will post the link. But for now, I’ll use text from my PPT slides as the skeleton for a two-part overview of what I discussed at the live session. Part 1 here will offer general background, Part 2 will look at the book itself more closely.
 
Autobiographical backstory – This project offered me a chance to use my artistic / aesthetic side, at the same time as my logical reasoning side, to a greater degree than in some of my more conventional academic work. You know the story – tax policy et al by day; books, films, and music after-hours. Using both at once may happen to a degree if one views writing as an aesthetic and not just utilitarian exercise. But other than in my novel Getting It, combining the two has not always been so easy.
 
Inequality: high-end vs. low-end, not just DMU of isolated consumers – I’ve followed the last two decades’ inequality literature with great interest. But especially early on, I had two concerns about it. The first is that “inequality” isn’t just a unidimensional thing, to be measured in the aggregate, such as via the Gini coefficient. In particular, high-end and low-end inequality – extreme wealth and income concentration at the top, and poverty or deprivation at the bottom – are not symmetric. They raise different types of concerns, and generally are best addressed through different fiscal instruments. This is increasingly widely recognized in the literature now (as noted, for example, in my recent blogpost regarding work by Saez and Zucman).
 
My second concern, with some of the public economics literature in particular, is that its emphasis on declining marginal utility as THE reason for being concerned about inequality was far too narrow. Humans are competitive and comparative social creatures, not just isolated consumers of market commodities plus leisure, and reductive analyses based on the standard price theory models of a “rational” consumer miss a lot of the relevant considerations.
 
The “mapmaker’s dilemma,” social science / humanities – My law review article The Mapmaker’s Dilemma in Evaluating High-End Inequality covers a lot of this ground. Initially this was going to be Chapter 2 of Literature and Inequality, but then I realized it didn’t fit there, and published it separately. This piece’s title is based on the story, from both Gulliver’s Travels and the work of Jorge Luis Borges, in which mapmakers realize that the only way to make a map perfectly accurate is to make it life-size. But alas, that seems to hurt its usefulness. Both maps and all other models must simplify, abstract, and shrink the real world in order to be usable, but then there’s a tradeoff between usefulness and accuracy. Neoclassical economics & price theory have achieved great advances through their version of this, but the sacrifice is more costly for some inquiries than others. Evaluating high-end inequality is a case in point, and here one needs to deploy not only other social sciences but also the humanities, because they explore the subjective experiential side of social life.
  
Piketty 2013, Austen & Balzac – Thomas Piketty’s already-classic 2013 work, Capital in the Twenty-First Century, helped give me the idea that one could fruitfully use works of classic literature – more specifically, realist novels from periods including the early nineteenth century –  in this regard. Piketty derives some nice insights from looking briefly at classic novels by Jane Austen and Honoré de Balzac, but doesn’t exhaust the intellectual possibilities. Also, I thought he got Balzac a bit wrong, by describing the likes of Le Père Goriot as accounts of a “rentier society” in which nothing matters but your inherited wealth, whereas Eugène de Rastignac, the novel’s hero or antihero, is the preeminent arriviste – rising through the judicious use of his talents, such as they are – in all of French literature.
 
Project Fun? – The more I thought about this project, the more it seemed clear that, even apart from the intellectual contributions I hoped it might make, it could be quite enjoyable both to write and to read – more so, perhaps, than the likes of What Are Minimum Taxes, and Why Might One Favor or Disfavor Them? Looking back on my thinking, the one flaw seems to have been that it was actually quite hard to write, albeit fun once I had laboriously taught myself the ropes.
  
“Heading out in new directions without a map” – This is what Paul McCartney later called the Beatles’ process of writing and recording the White Album. They were in a new phase, liberated from their past but done with the psychedelic era. So what next? I faced my own version of this in writing Literature and Inequality. There were really no models out there for the book I wanted to write, nor was I entirely clear at the start just what it was. I had to learn the hard way, through multiple tries, what a given chapter should look like, as well as how they should all fit together. The book consequently took me six years to write (albeit, interspersed with lots of other projects), whereas I usually, when I have the time, write pretty fast.
 
Technical challenges – Even apart from figuring out what chapters should look like – generally involving the selection of a central through line – and how they should all fit together to develop general themes – I had to handle a lot of technical challenges in getting it done. One was to put in exposition as needed, in the form of offering needed background regarding a given book’s plot and main characters – without making it tedious. This was more needed, of course, for a book like Twain’s & Warner’s The Gilded Age than for, say, Dickens’s A Christmas Carol or Austen’s Pride and Prejudice. I had no uniform approach to this, but aimed to solve it case-by-case within the chapter’s flow. It brought to mind the issue any novelist or screenwriter faces, regarding how to supply needed exposition as seamlessly as possible.
 
I aimed to make the book interesting and accessible to both experts (in multiple disciplines) and lay people. If you read one or more publications in the vein of the New York Times, the Washington Post, the New York Review of Books, the Atlantic, the New Yorker, and New York / Los Angeles / Boston Magazine, and you’ve read or at least know (such as through movies) say 3 of the 9 books I cover, then you are within the readership I had in mind.

10 comments:

Anonymous said...



🔥☑️COMPOSITE CYBER SECURITY SPECIALISTS ☑️🔥

•• Are you Seeking for the Top Notched Legit Hackers online?
Congratulations Your search ends right here with us. •• ⚡️⚡️

☑️☑️For Years Now We have Been helping companies secure their Infrastructures against malicious Attacks, however private individuals have been making use of our services to provide Optimum solutions to their cyber and Hacking related Issues by providing them unlimited Access to their desired informations from their Target such as Phone Hack (Which enables them to monitor their kids/wife/husband/boyfriend/girlfriend, by gaining access to everything they are doing on their phone without their notice), Credit Card Mishaps, Website Hacking, Funds Recoveries And Every Other Cyber Related Issues That has to Do With HACKING.

🔥☑️COMPOSITE CYBER SECURITY SPECIALISTS is a vibrant Team of dedicated online hackers maintaining the highest standards and unparalleled professionalism in every aspect.
We Are One Of The Leading Hack Teams In The United States With So Much Accolades From The Deep Web And IT Companies. ••
••We Offer Varieties Of LEGIT Hacking Services With the Help Of Our Root HackTools, Special HackTools and Our Technical Hacking Strategies Which Surpasses All Other Hackers.

🔥☑️ Below Is A Full List Of Our Services:
▪️ FUNDS RECOVERY ON BITCOIN SCAM, INVESTMENTS, BINARY OPTIONS TRADING, LOANS and ALL TYPES OF SCAMS.
▪️ WEBSITE AND DATABASE HACKING 💻
▪️ CREDIT REPAIR. 💳
▪️ PHONE HACKING & CLONING (giving you 📱 Unnoticeable access to everything Happening on the Target’s Phone)
▪️ CLEARING OF CRIMINAL RECORDS ❌
▪️ SOCIAL MEDIA ACCOUNTS HACKING 📱
▪️RECOVERY OF DELETED FILES 📤
▪️LOCATION TRACKING 📌
▪️BITCOIN MINING ⛏ And lot More.


🔥☑️We have a team of seasoned PROFESSIONALS under various skillsets when it comes to online hacking services. Our company in fact houses a separate group of specialists who are productively focussed and established authorities in different platforms. They hail from a proven track record and have cracked even the toughest of barriers to intrude and capture all relevant data needed by our Clients. Some Of These Specialist Includes ⭐️ DAWID CZAGAN⭐️ JACK CABLE ⭐️ SEAN MELIA ⭐️ ARNE SWINNEN ⭐️And More. All you Need To do is To Write us a Mail Then We’ll Assign any of These Hackers To You Instantly. Trust Me You Don’t wanna miss this Great Experience.

🔥☑️COMPOSITE CYBER SECURITY SPECIALISTS is available for customer care 24/7. Feel Free to Place your Requests.

🔥☑️☑️CONTACT US TODAY:
••• Email:
composite.cybersecurity@protonmail.com

🔘2020 © composite cybersecurity specialists
🔘Want faster service? Contact us!
🔘All Rights Reserved ®️.

SarahpWatsonf said...

Coach Outlet Online
Michael Kors Bags Outlet
Cheap Real Yeezys
Cheap Yeezys
Michael Kors Purse Outlet
Coach Outlet Store Online
MK Outlet
Coach Bags Clearance
Coach Bags Outlet

Best Packers And Movers Bangalore said...

Local Packers and Movers Bangalore List, Get Best Price Quotes, Compare Movers and packers Charges, Top, Local Household Shifting Services @ Packers And Movers Bangalore

lisa said...

Recording success in cryptocurrency Bitcoin is not just buying and holding till when bitcoin sky-rocks, this has been longed abolished by intelligent traders ,mostly now that bitcoin bull is still controlling the market after successfully defended the $9000 support level once again ad this is likely to trigger a possible move towards $12000 resistance area However , it’s is best advice you find a working strategy/daily signals that works well in other to accumulate and grow a very strong portfolio ahead. I have been trading with total investment daily signals and strategy, his guidance makes trading less stressful and more profit despite the recent fluctuations. I was able to easily increase my portfolio in just 4weeks of trading with his daily signals growing my 1.5 BTC to 6.7 BTC. total investment daily signals are very accurate and yields a great positive return on investment. I really enjoy trading with him. He is available to give assistance to anyone who love crypto trading, you can contact him on WhatsApp:+1 (646) 4810376  and  : totalinvestmentplatform@gmail.com /// Visit Website:  https://www.facebook.com/101745678391674 ;      for inquires and profitable trading systems. Bitcoin is taking over the World  

Robert Earl said...

HAVE YOU LOST YOUR HARD EARNED FUNDS TO THE WRONG HANDS?
MEET THE PROFESSIONAL HACKERS FOR HIRE TODAY.
[⏱️ 2min Read]
📁 Hiring a professional hacker has been one of the world's most technical valued navigating information.
Regarding:
•RECOVERY OF LOST FUNDS,
•MOBILE PHONE HACKS.(Catching A Cheating Spouse).
•CREDIT SCORE UPGRADE,
•PENETRATION OF WEBSITES AND DATABASE.
VARIOUS HACKTIVITIES via
leroysteckler@gmail.com
High prolific information and Priviledges comes rare as it has been understood that what people do not see, they will never know. The affirmative ability to convey a profitable information Systematically is the majoy factor to success.
Welcome to the Global KOS hacking agency where every request on hacking related issues are fixed within a short period of time.
When you wonder “which hacking company should I hire, the first aspect that should concern you is Sincerity. Secondly, Rapid response. Clearly, you want to embark for services that povides swift response. With our astonishing Hackers, you will be glad to find out that our services Implies precision and action.
This post is definitely for those who are willing to turn their lives around for the better, either financial-wise, relationship-wise or businesses.
The manual Operation of this hackers is to potentially deploy a distinguished hacking techniques to penetrating computers.
If your shoe fits in any of the services below, you will be assigned to a designated professional hacker who is systematically known for operating on a dark web V-link protocol.
Providing value added services to clients as a hacker has been our sustaining goal.
Are you faced with cyber challenges like
💰Recovery of lost funds:✅(BITCOIN INVESTMENTS, BINARY OPTIONS, LOAN AND TRADING FOREX WITH FORGERY BROKERS.) 🖥️I would try my possible best to shortly explain this in particular.
This shocking study points to one harsh reality we all face today. It saddens our mind when client expresses annoyance or dissatisfaction of unethical behaviours of scammers. We have striven to make tenacious efforts to help those who are victims of this flees get off their traumatic feeling of loss. The cyber security technique used to retrieving back the victims stolen funds is the application of a diverse intercall XX breacher software enables you track the data location of a scammer. Extracting every informations on the con database. Every information required by the Global KOS would be used to tracking every transaction, time and location of the scammer. This is acheived using the systematic courier tracking base method•
However, there are secret cyber infiltrators called brokers and doom. The particular system used by this scammers permeates them to manupulate targets digital trading system or monetary fund based accounts. Strictly using a dark web rob to diverting successful trades into a negative outcome. This process bends to thier advantage while investors results to losing massive amount of money. An act of gaining access to an organization or databased system to cause damages. We have worked so hard to ensure our services gives you a 100% trading success to recover all your losses•
📲 HACKING A MOBILE PHONE:.✅ Do you think you are being cheated on? Curious to know what your lover is up to online? This type of hack helps you track every movement of your cheater as we are bent on helping you gain full remote access into the cheater's mobile phone using a Trojan breach cracking system to penetrate their social media platforms like Facebook, whatsapp, snapchat etc.
The company is large enough to provide comprehensive range of services such as•
• EMAIL HACKS📲
• HACKING A FRAUDULENT WEBSITE.📲
• UBER FREE PAYMENT LICENCE.📲
Our strength is based on the ability to help fix cyber problems by bringing together active cyber hacking professionals in the GlobalkOS to work with.
Contact:
✉️Email: theglobalkos@gmail.com
Leroysteckler@gmail.com
®Global KOS™
2020.

Packers And Movers Bangalore said...

Packers and Movers Bangalore - Reliable and Verified Household Shifting Service Providers Give Reasonable ###Packers and Movers Charges. Cheap and Best Office Relocation Compare Quotation for Assurance for Local and Domestic House Shifting and Get estimates today to save upto 20%, ***Read Customer Reviews - @ Packers And Movers Bangalore

Packers Movers Chennai said...

Packers and Movers Chennai Give Safe and Reliable ***Household Shifting Services in Chennai with Reasonable ###Packers and Movers Price Quotation. We Provide Household Shifting, Office Relocation, ✔✔✔ Local and Domestic Transportation Services, Affordable and Reliable Shifting Service Charges @ Packers And Movers Chennai

Brittany Seiber said...

To know more about Chief Dr Lucky you can visit his website (https://chiefdrluckyherbaltherapy.wordpress.com/)
 
 A friend that suffered from Herpes and was cure with the help of this great herbal doctor Chief Lucky so i decided to contact him for help in getting rid of my families genital herpes virus 1/2 which i did and all i was told to provide was just some useful information and some materials used in preparation of the natural cure and that i did and now i am the happiest person on earth because i am writing this testimony of mine with joy and happiness in my heart to the whole world to know that natural remedy is real because i am a living testimony of Chief Lucky traditional herbal cure and i want you all to contact Chief Lucky via his email: chiefdrlucky@gmail.com or WhatsApp him +2348132777335 am sure he will help you too.

micheal pan said...

BE SMART AND BECOME RICH IN LESS THAN 3DAYS....It all depends on how fast 
you can be to get the new PROGRAMMED blank ATM card that is capable of
hacking into any ATM machine,anywhere in the world. I got to know about 
this BLANK ATM CARD when I was searching for job online about a month 
ago..It has really changed my life for good and now I can say I'm rich and 
I can never be poor again. The least money I get in a day with it is about 
$50,000.(fifty thousand USD) Every now and then I keeping pumping money 
into my account. Though is illegal,there is no risk of being caught 
,because it has been programmed in such a way that it is not traceable,it 
also has a technique that makes it impossible for the CCTVs to detect 
you..For details on how to get yours today, email the hackers on : (
atmmachinehackers1@gmail.com ). Tell your 
loved once too, and start to live large. That's the simple testimony of how 
my life changed for good...Love you all ...the email address again is ;
atmmachinehackers1@gmail.com

Ric Clayton said...

I really want to thank Dr Emu for saving my marriage. My wife really treated me badly and left home for almost 3 month this got me sick and confused. Then I told my friend about how my wife has changed towards me. Then she told me to contact Dr Emu that he will help me bring back my wife and change her back to a good woman. I never believed in all this but I gave it a try. Dr Emu casted a spell of return of love on her, and my wife came back home for forgiveness and today we are happy again. If you are going through any relationship stress or you want back your Ex or Divorce husband you can contact his whatsapp +2347012841542 or email emutemple@gmail.com website: Https://emutemple.wordpress.com/ Https://web.facebook.com/Emu-Temple-104891335203341