Brian Micklethwait's Blog
In which I continue to seek part time employment as the ruler of the world.Home
Michael Jennings on Confirmation that map use has seriously declined
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Most recent entries
- Confirmation that map use has seriously declined
- Comrade Blimp
- Ashes to ashes
- La Porte des Indes
- Friend on telly
- Sculpture at St James’s Tube
- Digital photographers holding maps
- More photos of things past
- Father Christmas Aerodrome
- How big should these squares be?
- Daniel Hannan’s latest book(s?)
- The Kelpies of Falkirk
- A quota thought that (luckily for me) went nowhere
- Polish girls in Moscow doing a selfie
Other Blogs I write for
6000 Miles from Civilisation
A Decent Muesli
Adventures in Capitalism
Alex Ross: The Rest Is Noise
Another Food Blog
Antoine Clarke's Election Watch
Armed and Dangerous
Art Of The State Blog
Boatang & Demetriou
Burning Our Money
Chase me ladies, I'm in the cavalry
China Law Blog
Civilian Gun Self-Defense Blog
Coffee & Complexity
Communities Dominate Brands
Confused of Calcutta
Conservative Party Reptile
Counting Cats in Zanzibar
Deleted by tomorrow
Don't Hold Your Breath
Douglas Carswell Blog
Dr Robert Lefever
Englands Freedome, Souldiers Rights
Everything I Say is Right
Fat Man on a Keyboard
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Category archive: Economics
It is interesting how the prices of basic supermarket products now seems to fluctuate rather more than they used to. My last stash of Gold Blend also cost £3 a go, for two. Today, I bought three of these packets. For the last few weeks it went up to £4.50, and I held off, waiting in hope of a price drop again. Today, I was nearly out and would have to buy some, no matter what the price. But, glory be, it was down to £3 again.
Could these fluctuations be a consequence of containers? Is it that containers have made supplies of things like branded coffee less continuous, more prone to famine or feast? And are we now enjoying a capitalist version of what happened under communism, in which suddenly a rumour would fly around Moscow saying that a consignment of meat had arrived, and immediately the queues would form. With us, the news that Gold Blend is on offer at Sainsburys flies around on our mobile phones, or in this case is featured on my blog, at which point it’s first come first served.
Or is it merely that logistics geniuses, armed with super-computer-networks, are now able to do sums about the precise prices they need to charge at any particular moment for any particular thing, in order to make maximum use of scarce warehouse and store space? If you get my meaning.
Or maybe it’s a bit of both?
Michael Jennings presumably knows the answer to these questions, because Michael Jennings (see the first two of these comments) knows everything .
Anton Howes spoke earlier this evening to Libertarian Home, about what made the Industrial Revolution get started. I took this photo of Howes, as he relaxed afterwards:
Howes really is a class act, as I already knew from when he addressed my Brian’s Last Friday, in July. What he has to say about the Industrial Revolution is already fascinating, and full of fascinating detail. When he has done all his research, then this talk will turn into something very formidable.
Meanwhile, a way to understand where Howes is coming from, and what kind of thesis he is exploring the further biographical and other detail of, is to read a book called Bourgeois Dignity, by Deirdre McCloskey. Howes recommended this book at the talk he gave in July. I bought a copy and am reading it now.
McCloskey’s basic thesis is that the thing that made the difference was ideas. The Industrial Revolution was not merely a bunch of people responding to economic incentives. It was people doing something they had come to believe in, surrounded by other people who also got the point, enough to let them get on with it. The Industrial Revolution was an ideology, brought to life by a core community of industrial inventors and creators, and sufficiently bought into by the wider society for those creators not to be suppressed.
The Industrial Revolution had plenty of chances to happen far earlier, in such places as China and Imperial Rome. That it did not happen earlier in such places is because, although the material conditions seemed to be all present and correct, they just weren’t thinking the right way to make the breakthrough. So McCloskey says, anyway.
As to what Howes said, well, the good news is that, unlike the talk he gave at my place, tonight’s talk was recorded on video by Simon Gibbs, and will accordingly materialise at Libertarian Home, by and by.
For some reason, descriptions of crazy economic times seem always, sooner or later, to involve toilet paper. It was true in Russia. It is true now in Venezuela. And it was true in Zimbabwe:
That’s one of the pictures that Corrie (short for Coralee) Chipps showed to members of the End of the World Club, when she gave a talk to us about the Zimbabwe inflation earlier this evening, at the IEA. Not exactly what you’d call entertaining, but most informative. I hope to blog more about this.
Tomorrow evening I have another Brian’s Last Friday. Richard Carey will speak about “The English Radicals: 1640-1660”. Click on Contact (top left) to cadge an invite.
Until now, I have been slightly struggling to get good speakers soon enough for these evenings, but now I have at last got ahead of myself and have fixed, barring mishaps, the next three speakers also.
Oct 25 - Preston Byrne on Mortgage Subsidies: Why They Didn’t Work in America and Won’t Work Here.
Nov 29 - Dominique Lazanski on Digital Freedom in the UK and Europe.
Dec 27 - Antoine Clarke on Immigration and the Bad Arguments Against It.
Note in particular December 27, Antoine Clarke. This might seem like the sort of date I might want to cancel, but actually, the more that a date might seem like cancellation fodder, the better this is, by not cancelling, an opportunity to tell people that there will be a Brian’s Last Friday, every last Friday, every month, no matter what. Even if it’s just me talking to myself on Christmas Day, or some such strange thing.
I’m already starting to get emails from people who are just assuming there will be a meeting on Friday the whenever-it-is, and simply asking who will be speaking and can they come. I want to encourage this sort of thinking. You know the dates for years in advance, just as I do.
So, I am especially grateful to Antoine for agreeing to do that one in December. I have no idea how many people will show up, but I have a feeling that the day after the day after Christmas Day might prove quite a draw. Public transport will be back in business, unlike on the previous day, and … what else is there to do on that particular day? Work? Play with presents? Go to other meetings?
Can someone explain why some items for sale on Amazon have hugely inflated prices attached to them?
Here, for example, is a CD of the Brahms Violin Concerto, played by Pinchas Zukerman. Someone is asking £339 pounds for it, new. I have this CD, and Zukerman plays the piece very well, I think. But he does not play it £339 well. So, what’s happening here? This kind of thing seems to happen quite a lot.
Surely, nobody is ever going to pay £339. Are they? Maybe they are, in some stupid way, and that explains it.
Or is there some automatic increase going on here, and has someone forgotten about it, and just let the price climb and climb?
Comments explaining, or even just guessing the way I have, would be most welcome.
Today I did something I very rarely do these days. I bought a newspaper:
It was The Times of May 24th 1940. Originally it cost 2d, which means two old pennies, from the days of pounds, shillings and pence, which I remember very well, because they lasted into the sixties. Today, I bought it in the local gay charity shop in Churton Street, for £1. There were quite a few more copies of The Times from that time still on sale there, most of them from late in 1939. £1 each. How long they will last, who can say?
Patrick Crozier, do you want me to get more copies for you, if they are still there?
Patrick Crozier’s talk at my place last month, based on The Times in 1913, was superb. He turned the talk into six Samizdata postings, which you can find by going to the last one, and following the links back. Highly recommended if you’ve not read them yet.
LATER: Twenty more copies.
Yesterday was a grey and drizzly day, as was today come to that.
This didn’t look as good as it would have on a sunny day.:
That’s Barclays Bank, Kings Cross. I can’t help thinking that all that razzamatazz reflects rather badly on Barclays Bank, Kings Cross, even though Barclays Bank, Kings Cross, is not itself razzamatazzed.
This, on the other hand, is just what you want on a grey and drizzly day:
However, although you may want it, so (I fear) will tramps, and tramps always win such contests, don’t they? Whoever smells worse and looks scarier wins. So, unless you are yourself a tramp, this will be a no go area for you, as for me.
Just for now, however, no tramps, and here is how it looks when I point my camera upwards:
Very seventies. Very trashy. But, it keeps the drizzle off. I guess what’s happening here is that middle-aged architects, who were tiny tots in super-trendy seventies households with all the trappings of the time, are now powerful enough to be doing it again, in a vain attempt to recapture their lost youths.
This roof is between Westminster City Hall and that new office block with the crazy angled walls, in Victoria Street.
For reasons that I may or may not explain some other time (it involved this), I found myself, exactly one week ago today, at the toppish layer of Kings College, London.
There was some hanging about waiting for events to start and for lifts to arrive, and at such times I took (grabbed) photos, mostly through windows, out at London in its various manifestations, near and far:
Just as there is much aesthetically anarchic clutter at the tops of buildings, so too is there similar clutter around the backs of buildings, the bits where you are looking at the stage scenery, so to speak, from the other side.
As for the more orthodox view, of various Big London Things (bottom right), you may think, not much of a photo, technically speaking, and you would be right, but I like it nevertheless, in the sense that it is a technically rather average realisation of a very good shot, like so many of my photos. Also, I had only a few seconds to take/grab it, and only one go at it, because a lift was even then opening up and demanding my presence. I was with someone else, which always complicates the taking of photos, I find.
Note in particular the exact alignment of The Wheel with the New Tower (most recently featured here in one of these snaps (3.2)) that they are now finishing off, at Vauxhall, the one where there was all that crane drama. See also Big Ben and that other Parliament Tower (St Stephen’s), Battersea Power Station, Westminster Abbey, and even the tower with the crazy hairdo in the previous posting. What the green dome with the Union Jack flying on it is, I do not know.
Shame it’s not Austrian, and economics.
Craig Willy on Emmanuel Todd
The mystery of the one good photo
Better a year late than never
Photoing people who are photoing food
Click to see the big picture
And on my other personal blog …
Talk by Frank Braun about Bitcoin at my home on Aug 3rd
Why I do not share Johnathan Pearce’s admiration for Bjorn Lomborg
Steve Baker MP
Occupy St Paul’s pictures
Street social services management integrated command sub-centres
James Tooley discovers private schools for the poor in the slums of Hyderabad
Matt Ridley’s demolition of CAGW
Go Gary Johnson!
Freedom Tower and Gary Johnson at Samizdata
A review of Detlev Schlichter’s new book (multiplied by 4)
Kevin Dowd last night
David Friedman on the similarity between fractional reserve banking and insurance
My personal Fixed Quantity of Blogging unfallacy
Empty tables and empty chairs
Words for bloggers to live by
No fruit juice
Five pictures of me
Science can relax about the harm done to it by Climategate
Rally Against Debt signs
Gordon Brown curses the United Kingdom
Nil scrap value
BrianMicklethwaitDotCom not threatened by the end of the Big Thing Boom
Pictures of Detlev Schlichter
Everything competes with everything
The Big Dig and some smaller digging
Let us now trash infamous men
Why I prefer blogging to writing for a magazine
Climate science as make-work for former Cold Warriors
Potential dental interruption
Me and Patrick Crozier talk about the banking crisis and its possible consequences
Thoughts on England not just keeping the Ashes but winning the series 3-1 (with asterisks)
Emmanuel Todd quoted and Instalanched
Dawkins does better sound than God ever did
Obamanomics dod not work
Talk at Christian Michel’s
The joy of error correction
Those cameras are getting cheaper
“I was banished to a separate room …”
Help with Audacity please
Mmmmmm … Asian skyscrapers!
The curse of interchangeable lenses and how I want my category killer
K Street - metonym - synecdoche
Which just goes to show that stuff gets around
Andy Flower urges England fans not to punish cricket for being corrupt
Ten thoughts about the Pakistan cricket corruption story
Toby Baxendale on what went wrong and what to do about it
A picture I want to remember
Reading various bits of Roger Kimball
Snappy quote from Victor Davis Hanson that may or may not actually be true
Tim Evans looking happy
At the launch of Alchemists of Loss
Spare A3 paper
Big box computers versus laptops
As strong and sweet as the free market itself
BrianMicklethwaitDotCom twitter of the day before the day before yesterday
Darling and Darling cat
Watching IPL cricket beats watching England play rugby
SAY NO TO GOVERNMENT MOTORS
Happy New Year and how to save seventy thousand quid
Burj Dubai looking semi-sane
The Shard is definitely being built!
Picture of an aftershock of the credit crunch rippling around the world
Talking with Toby Baxendale
Apple mobile phones are very profitable but Nokia mobile phones are not very profitable
Wuhan railway station under construction - with sunset behind
Pictures of Anthony Evans
Scrounging Englishmen and stories too good to check
Paul Marks on the financial crisis and on the badness of Obama
Under a hundred copies
Why I vote against AGW
Great speech by Kevin Dowd in Paris which should be available to listen to soon
Another London lump?
Laptop for emails
Minimum Wage flatvert at Guido’s and Iain Dale’s
Indy Flatverts and a Guido Q&A
IPL continues to literally trump proper cricket
Croziervision of default
My opinion of yesterday’s budget
The Vita-Mix 5000 at the Veggie Show
At Samizdata: cricket - crime - Kevin Dowd quote
James Tyler’s speech at Policy Exchange
Lawrence H. White on the Scottish experience of free banking
My confusion about free banking
Daniel Hannan and the shape of the media to come
Kevid Dowd video now up and watchable
Work begins on the Shard of Glass
Don’t blame banking
Paul Marks on the financial crisis
TARP stuff - and a trip to Sheffield
Meme for the New Depression
Kevin Dowd says what should be done
Commenting about the Dowd lecture at Samizdata
London continues to build big
Michael Jennings on shoring up the bad old economy versus building a good new one
Is the contemporary art bubble bursting?
P. J. O’Rourke confuses the average with the significant
The Official Story and the Most Confident Alternative
I have not been living beyond my means
Why Willem Buiter blogs and why I do
Cheap CDs and sopranos I’ve never heard of
Ruminating about politics and ideology
Another pendulum theory
Metaphor muddle alert
Guido Fawkes conflates the Monetarists and the Austrians – needs to chat with Antoine Clarke
Reasons to be a bit more cheerful
Antoine and Michael on what to do now
Antoine Clarke on the financial turmoil and the US election
Gordon Brown to guarantee everything
Tom Burroughes on the banking crisis
Not the book I want to read right now - maybe later
Profundity and silliness
It only takes One Rich Lunatic
On classical music voice addiction
Armed is less dangerous
The British Public continues to dislike too-high-and-rising taxes
Voice of God journalism
Eurovision sense from Squander Two
To let – one Ark
Paul Marks told us so
Big, Bigger, Biggest - starring Heathrow Terminal 5
Flat pictures for flat screens
Cuba before Communism
The petty cash effect cuts in for Linux
Linux versus Windows - the bigger tiny laptop breakout
The economics of Jonathan Ross
Has global warming stopped?
Another don’t-get-it-right-get-it-written Samizdata posting
A bog standard (but rippling and therefore ultra-cool) tower soon to be built in Chicago
Billion Monkeys and a Real Photographer at the Golden Umbrellas
When the penny drops
The bridge that was going to make Westminster a fine city and London a desert
Eurostar says goodbye Waterloo hello St Pancras
Aid rewards low growth
Will China fail?
The double thank-you moment
Antoine Clarke on Sarkozy
Free trade explains the success of the Swedish Model
Serious tax cutting
Darrin M. McMahon and me and George Orwell on the pursuit of happiness
Emmanuel Todd (4): From ideology to economic progress
Leon Louw talks about the habits of highly effective countries
Geek girl I like your thinkings - are nice - I want have sex with it
It only takes two idiots
Should blogs - this one in particular - specialise?
Remembering the Alternative Bookshop experience
Two Red Bull pictures
The Wealth of Networks
Pauses - Indian accents - English names
To be controlled in our economic pursuits means to be dot dot dot controlled in everything
“The basis is economic development”
Thoughts on habits and on killer apps