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In which I continue to seek part time employment as the ruler of the world.

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Category archive: Economics

Tuesday June 20 2017

Why do people get so angry about other people who photo their food before eating it?

Here is a pizza that I photoed, before eating it, when we all went out to dinner following GD2’s end of third year singing recital:

image

And very tasty it was too.  Thank you Da Mario‘s, if that’s how you say it.

Does the very thought of me taking the above photo, in a restaurant, annoy you?  Why?  Seriously, why?  By this I don’t mean: stop feeling annoyed you fool.  By why I mean why.  What is this feeling?

I’m not sure I can prove it, but I am rather sure that a similarly small but definite spasm of annoyance is felt when the same people who disapprove of food photoing observe other photoers using selfie sticks.

Yes, I think I have it.  What food photoing and selfie sticks have in common, beyond the obvious fact that both involve photoing, is that both practices are very visible.  If they bother you, they are hard to ignore, like a slight but irregular noise when you are trying to get to sleep, or people shouting near you in an already noisy (but predictably so and thus ignorably so) tube train.

The fact of these practices being so visible is what amplifies the annoyance.

Getting back to that food photoing thing in particular, why be annoyed?

Could it be that photography has now become something very different in recent years, but that some people need to do some catching up?  The marginal cost of the next photo you take is now: zero.  The marginal cost of the next phone communication you send: also zero.  So, taking and sending a photo of what you are about to eat is of no more consequence than just telling someone you are about to consume a rather good pizza, over the phone, with mere words.  A pizza photo says, quickly, what is in it, what sort of pizza it is, how big, and so forth, just as you might if you were talking about it.  A photo thrown into the conversation is just illustrated chit-chat.

But photography, traditionally, has tended to be a much more slow, solemn and artistic and expensive thing.  And the more artistic and cultured you are, or think that you are, the more you will know this.  Do these damn people think that every damn food photo they commit and emit is some sort of eighteenth century Dutch still life painting?

Well, it kind of is, or kind of can be.  But basically, no.  If you think they think this, you’ll think them very silly.  But, they don’t think this.  What they are doing is not Big Art, even if at its best casual photoing can resemble Big Art.  What they are doing with their food photos is small talk.

Could that be something to do with it?

Also in play are the more ignoble feelings aroused by others (a) enjoying themselves (b) not caring who knows it, and (c) not caring, in particular, about you and any moans you might have about what they are doing and how they are drawing attention to themselves.  You just know that if you said to them: Excuse me, would you mind not doing that? - they’d say something along the lines of: yes we would mind not doing that, get stuffed.  Eat you own damn food and stop complaining about us photoing ours, you idiot.  And they’d be right.  And you’d know it.

Thursday May 25 2017

I don’t remember how I recently found my way back this piece in the Telegraph, but I do remember noticing it when it was first published in 2014, because I remember the graphic in it about preserving various public views of St Paul’s.

However, I don’t think I actually read it right through in 2014.  In particular, I don’t remember reading this:

It’s no secret why developers want to build towers as tall as possible. The higher an apartment block is, the more money it makes. A rule of thumb is that each floor adds at least 1.5 per cent onto the value of an apartment.

“The fact is someone will pay more to be on the 29th floor than they will to be on the 27th floor,” says Mark Dorman, head of London residential development at Strutt and Parker. They are marketing the two new towers at Nine Elms (56-storey City Tower and 45-storey River Tower, ready in 2017).

“Surprisingly, too, as has been discovered in New York, you will get as much money for a high-rise apartment facing another high-rise block as you will for an apartment facing the river.

“The same rule applies in London; you’ll get more for an apartment with a view of The Shard or the Gherkin than you will for one with a view of the Thames. People in high-rises like to look at other high-rises.”

The piece then goes on to note that others, notably the Price of Wales, don’t like high rise buildings.

So, the people who like living in high-rise apartments are willing to pay for them.  Some of those not willing to pay for them don’t like them.  Guess who wins.

Plus, there are lots of people, like me, who are not willing to pay for high rise apartments, but who do like them, because they (we) like how London is and how London looks because of all these other people living in London, making all manner of interesting business and pleasure ventures viable, and making the entire place more interesting to live in and look at, and in my case a lot more interesting to take photos of.

Here is how the Telegraph piece ends:

As for those people who worry that it’s all foreigners who are coming over here and taking our high-rises, they shouldn’t get upset, says Challis. …

Challis being “head of residential research at Jones Lang Lasalle”.

… That battle is already lost.

“The fact is, one-third of the population of London was not born here,” he says.

“Take me – I’m Canadian. When it comes to internationalisation, I have to say that this is not a new phenomenon. This city is founded on its contribution to the globe.

“It’s time everyone woke up and realised what has happened. There’s no doubt in my mind that London is now the de facto capital of the world.”

All of which was written before Brexit happened.

And I’m guessing that Brexit won’t make much of a dent in any of this.  Some voted Brexit, I am sure, to put a stop to all this, or at least to slow it down.  I voted Brexit for other reasons, and also because I didn’t think Brexit would make much of a difference to the cosmopolitan nature of London.

In the longer run, I think and hope, Brexit will make London even more the “de facto” capital of the world.  In other words (see also “fundamentally”, “essentially") not really the capital of the world at all, but you know what he’s (and I’m) getting at.

Long before London became the “de facto capital of the world”, it was also the “de facto”, as well as actual, capital of England, in the sense that it has always been a Mecca for non-Londoners.  William Shakespeare for example.  He too was, by the standards of his time, an immigrant into London.  (Who went back home to die, as most immigrants don’t, but that’s a different story.)

Tuesday March 28 2017

I just got back from an ASI event, where Mark Pennington was talking about Equality, “acceptable” and “unacceptable”.  It turns out, surprise surprise, that ASI type neo-liberalism does it best!  How about that!

Seriously though, it was a good talk, very well attended and very well received:

image

What interested me, as much as what Mark Pennington said, was how he looked:

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And how he looked was like a cross between Ralf Fiennes and Jonny Depp.  To be exact, Ralf Fiennes‘s facial features, and shortened version of Jonny Depp’s famous Cry-Baby hairstyle.  With a touch of Morrissey thrown in.

Now you may say, what does it matter how a libertarian professor merely looks?  My answer: it matters, if he happens to look quite good.

Thursday February 02 2017

I love signs.  So tedious to copy in writing.  So easy to photo.  And I was photoing signs yesterday, at Victoria Station.

Here are two of those signs that go well together:

imageimage

I was just about to stick these up late last night, but discovered that BMdotcom was malfunctioning.

This is not the kind of sign I love to see, when trying to add stuff to this blog, or for that matter just to look at this blog:

MySQL ERROR:

Error Number: 1194

Description: Table ‘exp_throttle’ is marked as crashed and should be repaired

Query: SELECT hits, locked_out, last_activity FROM exp_throttle WHERE ip_address= ‘91.84.14.3’

But, as you can see, it’s now sorted.  Unless you can’t see and it isn’t.

And until the next time something like this happens.  Partly because of such cock-ups, I am, thinking of doing what all other bloggers who still exist did long ago, and switching to Wordpress, which The Guru also suggested.  Comments on the wisdom of that from other gurus would be very welcome.

Meanwhile, while waiting for sanity to be reasserted here, I did a Samizdata posting, entitled Brexit has unified the Conservative Party and divided Labour.  It has.

Tuesday January 31 2017

Africa is big, and Africa’s rivers don’t help in cutting these huge distances down to size.

More from Tim Marshall’s Prisoners of Geography (p. 119):

Most of the continent’s rivers also pose a problem, as they begin in high land and descend in abrupt drops which thwart navigation. For example, the mighty Zambezi may be Africa’s fourth-longest river, running for 1,600 miles, and may be a stunning tourist attraction with its white-water rapids and the Victoria Falls, but as a trade route it is of little use. It flows through six countries, dropping from 4,900 feet to sea level when it reaches the Indian Ocean in Mozambique. Parts of it are navigable by shallow boats, but these parts do not interconnect, thus limiting the transportation of cargo.

Unlike in Europe, which has the Danube and the Rhine, this drawback has hindered contact and trade between regions - which in turn affected economic development, and hindered the formation of large trading regions. The continent’s great rivers, the Niger, the Congo, the Zambezi, the Nile and others, don’t connect and this disconnection has a human factor.  Whereas huge areas of Russia, China and the USA speak a unifying language which helps trade, in Africa thousands of languages exist and no one culture emerged to dominate areas of similar size. Europe, on the other hand, was small enough to have a ‘lingua franca’ through which to communicate, and a landscape that encouraged interaction.

I’m guessing that Africa’s famed natural resources (although not of the mineral sort – those natural resources just suck in thieving foreigners) also helped to split the population up into lots of little enclaves, by making it possible for quite small communities to be economically self-sufficient.  Not very self-sufficient, as in rich, but sufficiently self-sufficient not to die out but instead to keep ticking over.

Saturday January 28 2017

I am always banging on about my collection of photos, but my collection of books is also, in some cases, becoming a bit interesting.  Here, for instance, is a bit from a book that was published in 1980, by Peter Laurie, called The Micro Revolution. (pp.202-204)

Industrial predictions

At the time of writing (early 1979) the microprocessor was much discussed and many people were asking what it would do to industry and employment. My own ideas, for what they are worth, are presented here and there through this book; at this point it might be worth summarizing a study by the American management consultancy firm of Arthur D. Little Inc, which was carried out between 1976 and 1978, cost $2 million to perform and whose detailed results are available for $35,000 a copy.

The survey looked at the USA, Britain, France and Germany. It predicted that by 1987 - that is, in seven years time - the annual market for products incorporating microprocessors will be worth $30 thousand million. If computers are added. ‘It appears that by the end of the next decade every citizen of a developed country will spend an average of £100 a year on microprocessors.’

In more detail, the prediction was that American cars would be forced by strict legislation on pollution standards to install micros to control ignition and carburettion. In Europe, where people are less fussy, this development would lag. But in all countries, micros would be widely used for information and entertainment in the car.

It is predicted that the home market will be the largest, with something like 400 million intelligent units a year worth $50 each being sold in 1987.  Micros will be used in many different products - we have already talked about the entertainment-communications-computer unit which will look like a TV set with a computer added. There will also be all sorts of intelligent toys, kitchen gadgets, security systems, gardening devices.

In the office there will be a large sale for text processing, facsimile and copying machines, electronic telephones, dictating systems and communication processors. If the Post Offices provide data highways to match, this will result in the ‘virtual city’ described in chapter 9.

Industrial systems will be slower to incorporate micros (a) because they differ one from another and it is not easy to mass produce equipment for this market; and (b) because what is used has to be extremely reliable - and only time can prove that.

Arthur D. Little predicts that micros will generate 400,000 extra jobs in Europe in firms making, installing and servicing equipment incorporating them. It is inescapable that if microprocessors are widely used they will increase material wealth. However, they will also put a lot of people out of work, and there is no guarantee that these people will be easily, or indeed ever, retrained for new jobs. In fact the whole thing looks like producing considerable industrial dislocation; because along with the people who will not be needed there will go a tremendous shortage of people who are needed.  As early as 1979, my eighteen-year-old son, with only school computing and three months of work on microdevelopment behind him, was offered £300 a week to work in Holland. GEC said recently that they alone could employ every British electronics graduate. There is no doubt that over the next ten years anyone who can pass himself off as understanding the micro will be in great demand, and will be able to make large amounts of money in exploiting his talents.

For this decade at least there are going to be wonderful opportunities for intelligent and independent people. The classical example is young Wozniak who, in 1976, at the age of 21, with his friend Steve, set to work in his parents’ California garage to build a microcomputer. ‘I sold my calculator and Steve sold his van and we used the money to hire a printed circuit artist to layout the boards.’ In 1979 Wozniak, now 23, and the employer of 200 people was planning to ship $75 million worth of his APPLE computers.

Wednesday January 25 2017

At the end of the latest round of English Premier League football games (everyone has now played 22 games (out of 38, yes?)), the top six in the Premier League are, as of now, in order from the top: Chelsea, Arsenal, Spurs, Liverpool, Man City, Man U.

When was the last time the top three Premier League spots were all London?  And when were both the Manchester clubs last outside the top four?  Well, maybe one or both of those things happened quite a few times very recently, but my point is, either very recently (as part of the same thing as is happening right now) or: never.  I’m guessing.  Corrective comments welcome.

Arsenal have recently built themselves a brand new stadium, and now Spurs and Chelsea are both doing the same.  Once all the confusions associated with the custom-built headquarters syndrome have calmed down, these erections will surely cement London’s Premier League supremacy.  Although it has to be said that Arsenal have perhaps punched below their new economic weight in recent seasons.

London is also, if you are a highly paid footballer, an ever more amusing and better connected place to live in, provided you can handle all the drama and excitement and combine that with continuing to be a good footballer.  Maybe Arsenal’s problem has been that their players haven’t coped with these pressures very well.  So. and contrary to my title and my earlier thoughts, will Chelsea and Spurs actually do less well once their new places are in place?

Wednesday December 07 2016

It always surprises me when people don’t take pictures of events that they themselves organise.  Me included by the way.  I have a friend who kindly takes photos at my events whenever he attends them, because I mostly forget to, and I’m guessing others do too.  This being the kind of obvious but small error that people make when they are stressed.

Which is maybe why this IEA guy, who saw me taking photos at this IEA centenary event in honour of Arthur Seldon, last night, asked me if I could send him a few of my photos.

Here are the seven photos I will be sending him.

The first one sets the scene, but also highlights a problem, which is that these days, at speaker meetings, there is usually a bright screen, while the speaker is - or (as in this case) the speakers are - in something more like darkness:

image

On the left there, Martin Anderson.  On the right, Patrick Minford.  Take my word for it.

But I did get a few half decent shots of speakers speaking, or listening to other speakers speaking:

imageimageimage
imageimageimage

Top left: Peter Seldon, Arthur’s on.  Top right: Richard Wellings.  Bottom left: Linda Whetstone, speaking from the floor.  Bottom right: Patrick Minford, again.

Finally, my two favourite photos of the night, both of Martin Anderson.  And of his magnificent giant shirt:

imageimageimage

I did attempt some crowd shots, but they didn’t come out at all well.  Shame, because there was quite a crowd.

I also tried photoing the video camera and its operator.  That also failed to come out right, but at least there was a video camera present, so presumably those who did not attend will be able eventually to listen in on what was actually quite an upbeat event.

You know you are getting old when instead of just attending funerals of people whom you knew, you attend celebrations of people who were born one hundred years ago, whom you also knew.

More about Seldon and his colossal impact here.  There is also a photo of him there.  Shame there wasn’t a photo of him on that big screen.

Saturday November 26 2016

From the BBC updates on the Scotland v Georgia rugby game at Murrayfield this afternoon:

Scotland have really struggled against the Georgian scum in the second-half.

Hastily corrected to “scrum”.  Should have done a screen capture.  As it is, you just have to take my word for it.

Actually Georgia is a great place.  It recently came sixth in the world in one of those economic freedom charts, as I mentioned in passing in this posting

LATER: Oh dear.  Not Murrayfield.  Kilmarnock.  Whenever you moan about someone else’s error, you make an error.  It’s inevitable.

Thursday November 03 2016

I have just done a rather belated posting at Samzidata about a talk given there a week ago, at which I was present and at which I attempted photos.  At Samizdata, I grumbled about the light for photoing the speaker, but showed one of my less bad efforts.  I rejoiced that there was also present an internally lit screen, and showed one of those photos.  Here is another such:

image

Smith wins, of course.  Marx’s prophecies were clearly wrong, even while he was still alive and pretending otherwise.

Sunday September 04 2016

Indeed:

image

Nowadays, footbridges tend only to spring to life and to try to be entertaining to walk across, rather than just functional, when water is involved.  But as the world’s economy slows and big new bridge projects become scarcer, I believe we can expect many more smaller and hitherto more mundane bridges to be similarly “designed” rather than just built.  Like this one in Beersheba, which is over some railway tracks.

Friday June 24 2016

LATER: I was, see below, tired and tipsy when I did this posting.  By the above title what I meant was it was a brilliant talk, not that the talk was given by “Brilliant Brian”, aka me.  So, to continue ...

And here is the guy who gave it:

image

I usually forget to take photos at my Last Friday of the Month meetings, but this evening I remembered, and took that photo of my speaker, during the socialising afterwards.  I am too tired and too tipsy to say much about the talk, but it was indeed brilliant, and Anthony J. Evans is a real rising star.  I’ve heard him talk before, but this was something else again.  Basic message: Yes, national crises do create opportunities to insert “neo-liberalism” into countries, and a good thing too.  Persuading a political tyranny to liberalise on the economic front often leads on to political liberalisation.  Example: Chile.  “Neo-liberalism” has good outcomes.  Unlike the policies favoured by the people (Naomi Klein, George Monbiot) who complain about neo-liberalism, which only unleash disaster.

Wednesday June 01 2016

Libertarian Home needs an intro for Mark Littlewood, for a publication they’re doing.  Here is a quick profile of Littlewood by me, which I hope may be of some use to LH.

imageMark Littlewood is the Director of the Institute of Economic Affairs.  There was a time, not so long ago, when the IEA seemed doomed to obscurity or worse.  But Littlewood has put in place and now leads a strong team of free market activists, strong on both the academic and media fronts, thus raising the profile of free market ideas both now and in the longer term future.

That may suffice, but here is more, if needed, of a slightly more personal sort.

Of particular note is Littlewood’s appointment of Stephen Davies and Christiana Hambro, in the area of student and young academic outreach. (Stephen Davies addressed Libertarian Home not long after his IEA appointment.)

When Littlewood was first appointed, I was not optimistic about the IEA, but then I heard him speak about his new job, and I became much more hopeful about the IEA’s future.  That optimism has not abated.

Hope that helps and is not too late.

Monday May 16 2016

Today I attended Deirdre McCloskey’s talk for the Adam Smith Institute.  I know what you’re thinking.  Okay, okay, photos, as per usual.  But: What did she say? Fine.  Go here, and you can find out.  What I can find no link to is any information about the event – when, where, and so on.  It’s all now gone.  Maybe it was never there in the first place.

But the Man from the Adam Smith Institute told me to send in some of my snaps, and these are the ones I sent them:

imageimageimageimageimageimageimageimageimageimage

McCloskey’s basic point was what is rapidly becoming the libertarian orthodoxy, to the effect that (a) the world started getting humungously rich in or around 1780 (Yaron Brook‘s preferred date for this is 1776 (to coincide with America starting and Smith’s Wealth of Nation’s getting published)), and (b) we did this.  Our enemies tried to stop us and they failed.  We know how to make poor people rich, and we’ve been doing it ever since.  Our enemies only know how to make rich people less rich and poor people more poor.  Bastards.

My recent favourite example of enrichment is a very tiny one offered at today’s talk by McCloskey, which is that you can now use your smartphone as a mirror.  Better yet, McCloskey said, before the talk she was giving, she spotted Steve Baker MP doing this exact thing with his smartphone, while perfecting his appearance prior to doing his MP socialising bit.

The reason I particularly like this is that I just recently learned about this trick myself, when I saw someone doing it, and took a photo of it:

If you photo someone looking in a mirror, they can see their face, but you can’t.  (Unless it’s a crap movie, in which case the audience sees the face and the person with the face doesn’t.  I know.  Ridiculous.  But this is truly what often happens.) But, if you photo someone using their smartphone as a mirror, both you and they can see their face.

Thus:

image

McCloskey’s point was that enrichment doesn’t only come in the form of more money, but also in the form of the ever more amazing things that you can buy with your money.  Like a phone that is also a NASA circa 1968 supercomputer.  And a face mirror.

Finally, here are a couple more photography-related photos.  On the left is the official photographer for the McCloskey talk:

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And on the right there is a photo which I also took at the venue for the McCloskey talk, which I will not name, because the people in charge of this place might then learn of this blog posting and see this picture and then who the hell knows what might happen?  Are you wondering what I am talking about?  Click on the picture and work it out.  I only realised what I had photoed after I had got home.

Saturday May 14 2016

Today I attended the Libertarian Home Benevolent Laissez-Faire Conference.  Here is the text of the opening speech by conference organiser Simon Gibbs.  And here is a selection of the photos I took, of the event and of the speakers:

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Conference programme here.

1.1: An attender.  1.2: The venue, very good, with a big side window looking out to a small basement level garden.  1.3: Syed Kamall.  1.4 and 2.1: Janina Lowisz and one of her slides.  2.2, 2.3 and 2.4: Julio Alejandro.  3.1: Simon Gibbs and Yaron Brook.  3.2: Brook.  3.3: Kyril and Rob helping with the books.  3.4: LH info, lit up by the afternoon sun through the window.  4.1: Anton Howes.  4.2: Howes and Brook.  4.3 and 4.4: Gibbs, Alejandro, Howes, Brook.