Grand Tour progress. Last Saturday entrained in the grey dawn at Trento and crossed borders to Austria and Switzerland to take the plane from Zurich in the late afternoon, arriving in Boston in the evening after 8 hours in the air and shifting watch back several hours. Staying at Boxford, a rural suburb close to Georgetown, 45 k out of the centre, with Charlie Sawyer, teacher at Harvard, blues musician and photographer.
In addition to catching up with sleep I have caught up with eldest son Leo who has been here for many years, making his way with miscellaneous writing and editing while he get some serious science fiction publications into print.
Will attempt to catch up with some Austrian economists at Suffolk Uni but suspect they are at the conference for the Society for the Development of Austrian Economics in Washington. I will be there on Sunday in time to attend the dinner. Heavy sightseeing tomorrow.
Pete Boettke boosts the Friedman and Klaus book on the financial crisis.
Jeffrey Friedman and Wladimir Kraus’s Engineering the Financial Crisis combines careful historical scholarship with a sophisticated theoretical understanding of the structural ignorance that plagues human affairs. Politics represents a uniquely inappropriate institutional context for the coping with our ignorance, while markets can unleash a myriad of mechanisms for the coping with our ignorance. In short, the theory and evidence Friedman and Kraus provide suggest that regulatory ignorance, and not unfettered capitalism, caused the global financial crisis.
The Rathouse statistics have surged lately, the most popular page at present being W H Hutt’s expose of the faked history of the factory system, based on a partisan “report” rather like the “stolen people” report of ill fame. Not far behind is a review of The Sociological Imagination (C Wright Mills) and another piece based on Hutt’s demolition of the trade union mythology that supports legislation like the Unfair Work Act.
Several good things at InCIS, especially a piece by Sara Hudson on some of the success that has been achieved by the Northern Territory Intervention which dates from the Howard years, (now rebadged). This has really upset some of the usual suspects who see genuine progress as a threat to their rorts and their career paths.
In a survey of more than 1,300 community members, most people (58.7%) reported feeling their lives were better than they had been three years ago. A majority of people surveyed (72.6%) said their community was safer now than it had been three years ago.
But Shaw and her cohorts would have you believe that nothing good has come out of the intervention. Shaw said, “It is outrageous that Bess Price can continue to go on national media and spread false information on the Intervention while life in our town camps and communities gets harder and harder.”
Peter Klein has a post on contractual completion, with a nice bit of Youtube to illustrate the complications that can arise.
A heap of climate links from “Lorenzo” Warby.
And what John Roskam spilt his latte over last week.