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Category archive: Economics

Monday November 23 2015

I have been reading Peter Foster’s book, Why We Bite the Invisible Hand: The Psychology of Anti-Capitalism.  And very good it is.  Here are some of the things Foster says about Robert Owen (pp. 86-69, pp 92-95:

After he built Cromford, Arkwright became involved in the development of another even more spectacular water-driven venture, at New Lanark in Scotland. The fast-flowing river below the beautiful Falls of Clyde made the site ideal.  Arkwright’s partner there was David Dale, a respected Glasgow merchant. The notoriously prickly Arkwright fell out with Dale, reportedly over a triviality, and withdrew. Dale took control and continued to expand, but the reason New Lanark is so well preserved today is not that it is seen as a monument to capitalism.  Quite the contrary. Dale’s son-in-law, Robert Owen, turned New Lanark into the promotional centre for a Utopian dream, where he nurtured anti-capitalist sentiment. A fair amount of anti-capitalist sentiment still seems to pervade the site today.

Owen’s New Lanark was very far from being an experiment in socialism understood as collective ownership and control.  Workers had neither shares in the mill nor much - if any - say in how it was run.  Nor was Owen a political revolutionary.  What he did share in common with more radical socialists was opposition to religion; belief that human nature was an indeterminate clay ("blank slate"), there to be moulded by men such as himself; distaste for the “individual selfish” competitive system and private property (even though they enabled him to promote his muddled ideas); demonization of money; and a generally woolly notion of how economies - as opposed to individual businesses - work.  Owen rejected Adam Smith’s idea of gradual improvement under a system of “natural liberty.” For him, cotton masters, the men who owned and ran the mills, were (except for himself) greedy and selfish, while workers were oppressed sheep to be led, with himself as the Good Shepherd.

Adam Smith had shrewdly noted that people by nature give far more deference to the ideas of the wealthy than they deserve.  Of few people was this more true than Robert Owen.

Owen was born on May 14, 1771, in Newtown in Wales, five years before the publication of The Wealth of Nations. He received only a rudimentary education before being shipped off by his parents to work in the drapery business. He proved an assiduous employee and developed a keen interest in the then-booming textile industry. He started his own business but soon returned to employment as a mill manager in Manchester.  Close to his 20th birthday, he was reportedly managing 500 workers, at the then substantial salary of £300 a year.  Owen soon found investors to help him start his own mill.  He also became interested in education and social reform (which was the rule rather than the exception for industrialists of the time).  However, when he visited New Lanark he saw a place where he might indulge a nascent vision of industrial harmony, a New Jerusalem in which he would be the secular Messiah.

Owen courted David Dale’s daughter, Anne Caroline, married her on September 30, 1799, and took over New Lanark early in 1800 on what seemed generous terms, essentially promising to pay Dale out of the mill’s future profits.  New Lanark was the basis for the fortune and reputation that enabled Robert Owen to indulge his ideas. The scale of New Lanark seems extraordinary even today, but to visitors from the present, if they could travel back to Owen’s time, the most arresting feature of the place would be that most of its employees were children, supplied by orphanages in Glasgow and Edinburgh.  Child labour has become one of the great fixed images of the Industrial Revolution, but it is inappropriate to take our modern sensitivities back to earlier times. Child labour was common - as it still is in many poor countries - because it was, and is, necessary for the survival of both the children and their families.  It was most necessary for orphans.  Indeed, orphanages paid cotton manufacturers to take their charges off their hands.  David Dale reportedly treated his young employees well.  By 1796 he was employing 16 teachers at the site.

Owen’s desire to prevent children under 10 from working appears wholly admirable, until we remember that this might have led them to starve. His desire to educate children and provide an early equivalent of daycare was worthy but ultimately self-interested in business terms, since these measures increased the skills and contentment - and thus productivity - of the workforce, as did his organization of medical insurance, savings opportunities, food and other provisions. There was no conflict between good business and morality. Indeed, Owen himself constantly, at least in the early days, stressed the importance of these measures for increasing profitability.

The village shop that Owen set up at New Lanark was reportedly an inspiration for the modern cooperative movement, which was founded in the town of Rochdale in Lancashire.  According to a potted history at the New Lanark site, when Owen arrived, there were lots of small traders in the village, “selling poor quality goods at high prices.” He was able to buy in bulk, lower the prices and still make a profit.  But of course this is exactly what supermarkets and big-box stores do today, even as they are castigated for putting the “little guy” … out of business.

Robert Owen put the little guy out of business too. He also made sure that no other traders could survive in the village, by paying his workers with “tickets for wages,” which they could spend only at his village shop.  Elsewhere such enforced commitment to the company store would be cited as evidence of corporate villainy, but Owen declared that his own motives weren’t “selfish.” The important thing was not what was good for him, but what was good for mankind, although he clearly expected a little kudos for showing mankind the way.

At New Lanark, Owen in fact displayed more of the enlightened capitalist than of the Utopian dreamer.  One might not doubt his good intentions when it came to spreading education and advocating factory reform, but he seemed eager to bury the fact that many other cottom masters, and businessmen of the time more generally, were enlightened and reform-minded.

As the Napoleonic Wars drew to a close, both mill owners and authorities were disturbed by Luddite riots that resulted in the breaking of new machinery, which was seen as destroying jobs. Robert Owen claimed that what had brought about these awful, and worsening, conditions was economic liberalism and the competitive system, which, he declared, was based on “deception.” He came forward with a series of bold proposals for “villages of unity and co-operation,” which struck many as workhouses by a more glorified name.

Although the great and the good expressed polite interest in Owen’s solutions to what were, after all, pressing problems, many were profoundly skeptical.  John Quincy Adams, then U.S. ambassador to Britain, described Owen in his memoirs as “crafty crazy ... a speculative, scheming, mischievous man.”

Owen managed to draw the ire of both radical reformers, the political economist heirs of Adam Smith, groups that rarely saw eye to eye. The radicals saw Owen’s communities as oppressive, while the economists viewed them as impractical and counterproductive. The reformer William Cobbett described them as “parallelograms of paupers.” The political economist Robert Torrens said it ws difficult to decide whether Owen was a “knave” or an enthusiast “in whose brain a copulation between vanity and benevolence has engendered madness.”

Owen welcomed a steady stream of “philanthropic tourists” at New Lanark. Their number included Grand Duke Nicholas, future czar of Russia.  Some - although presumably not the grand duke - found disquieting authoritarian overtones to Owen’s operation. After watching Owen’s child labourers drill like little soldiers at the mill’s Institution for the Formation of Character (which has been lovingly restored with taxpayers’ money from the European Union), the poet Robert Southey compared the place to a slave plantation.

Parliament ultimately rejected Owen’s scheme. One member suggested that “this visionary plan, if adopted, would destroy the very roots of society.” Owen responded to criticism by making his schemes more grandiose.  Undaunted, he set off to proselytize in the New World, and not merely to lecture but at last to put into effect his grand plan.  He bought an existing cooperative community in Indiana, which he renamed New Harmony.

Owen attracted a large number of settlers, described by one of Owen’s sons, Robert Dale Owen, as a “heterogenous collection of radicals, enthusiastic devotees to principle ... and lazy theorists, with a sprinkling of unprincipled sharpers thrown in.” Owen Sr. soon went back to Britain to spread the word of his success.  Another son, William, confided dolefully to his diary, “The enjoyment of a reformer, I would say, is much more in contemplation, than in reality.”

New Harmony soon started to fall apart.  Skilled labour did not feel inclined to have its income, under Owen’s plan, “equalized” with the unskilled or, worse, with those who did not wish to work at all.  A collectivist scheme such as Owen’s could in effect work only if powered by either religious conviction or forced labour, a lesson that would not be lost on Owen’s more revolutionary successors.

The abolition of money led to a bureaucratic nightmare.  When even lettuce had to pass through the company store, it inevitably wilted before it reached the plate.  (Moscow McDonald’s would encounter analogous problems in trying to get supplies through the collapsing Soviet system almost 200 years later.)

After an absence of two months, Owen returned to New Harmony, arriving by river with intellectual reinforcements dubbed the “boatload of knowledge.” He forced the community through numerous reorganizations, all the while churning out portentous exhortations such as the “Declaration of Mental Independence:’ which promised to free man from the “slavery” of private property, religion and marriage.

One visitor, the Duke of Saxe-Weimar, wrote, “He looks forward to nothing else than to remodel the world entirely; to root out all crime; to abolish punishment; to create similar views and similar wants, and in this manner to abolish all dissension and warfare ... He was too unalterably convinced of the result to admit the slightest room for doubt!’ Every other member of the community to whom the duke spoke acknowledged that Owen was “deceived in his expectations!’ The final blow to the community was a falling-out between Owen and William Maclure, a wealthy emigre Scotsman, which led to the two men suing each other over property, the concept New Harmony was meant to transcend.

The one undoubted benefit Owen did bestow upon the former colonies was his children, who turned out to be a good deal more level-headed than their father and who would become prominent in American affairs. Owen then set off on an even more quixotic scheme: to persuade the government of Mexico to grant him a huge swath of land on which to test his theories.  He required Mexico first to abandon Catholicism.  Mexico demurred.  Owen returned to London and embarked upon expansive new ventures.  He became the first president of the Grand National Consolidated Trades Union, an organization that lasted a year.  Seeking to trump both the pecuniary root of all evil and “unnecessary” middlemen, he set up “labour exchanges,” whereby merchandise was exchanged for “labour notes,” whose value was meant to be calculated according to the hours of sweat embodied in each product.  The administrators found that they could not possibly calculate values this way and were forced to copy market prices.  The labour exchanges collapsed too.

Owen staunchly opposed the “superstition” of religion, and yet his own views were at root profoundly religious, based on a “New Moral World” set up in opposition to a demonic set of greedy capitalists. He founded the Rational Society, complete with Halls of Science instead of churches, and “social hymns.” Sample verse:

Outcasts in your native soil,
Doom’d to poverty and toil,
Strangers in your native land;
Come, and join the social band.

Owen’s acolytes founded another Utopian community, at an estate called Queenwood in Hampshire, whose collapse Owen hastened by spending it into the ground.  One of his more clear-sighted disciples noted that “Mr. Owen was no financier, and had no idea of money.” Queenwood, like New Harmony, imploded amid lawsuits, yet again over property.

Robert Owen represented a psychological type that would persist throughout the business world.  Although such businessmen have a good grasp of their own business, they fail to understand the nature of markets more generally and believe themselves to be morally exceptional in a world marked by short-sighted greed.

Friday July 03 2015

This posting is not so much me passing on advice as me seeking to solidify some ludicrously overdue advice from me to myself, about how to photograph speakers.

Don’t try to do it when they’re speaking.

Last night I took about two dozen photos of Dominic Frisby, who was address the Libertarian Home crowd at the Two Chairmen pub in Westminster.  Almost all these photos were useless.  This was because Frisby was talking, and when people talk, they move.  The indoor light was very scarce, so the slightest motion meant a blur, and a succession of blurs was accordingly all that I got.  My only photographic successes during the Frisby talk were when I switched my attention to the people listening to him.  They were keeping still.

People like Richard Carey:


And Rob Waller, who was the “organising fascist”, as he put it, of the meeting, i.e. he set it up and did the introducing:


I think Rob clocked me, don’t you?

The only half-decent Frisby photos I got were during the Q&A, when, just like the two persons featured above, he too was listening rather than talking:


Doesn’t he look adorkable.

As to what Frisby said (on the subject of Bitcoin), well, it was all videoed, although the video camera was being hand-held, as this further snap of Richard Carey, helping out with that, illustrates:


I include that snap also because of the John Lilburne reference, Lilburne being a man whom we libertarians should be bigging up every chance we get.

Finally, a book photo.  On account of Frisby’s talk beginning a few minutes earlier than I had been expecting it to, I arrived a few minutes late, and the only seat I could find was the one with Frisby’s books on it, which he had presumably earlier been sitting at.  That explains the odd angle of this photo:


Both books highly recommended.  More about Frisby by me (+ further links) in this Samizdata posting.  In this I mentioned that Frisby was working on a Bitcoin book.  As you can see, that book has now materialised.

It helps that books, like people who are listening, or for that matter doing photography, and unlike people who are talking, do not move.

Sunday June 14 2015

Can artists learn about how to do art when they get old, from sportsmen?  Can sportsmen learn from artists about how to handle their career twilights?  I face my own twilight now, so I read Ed Smith’s piece about such things with keen interest.

Choice quote:

The weird aspect of sporting maturity is that it happens so early in life. An athlete’s career is played out in fast-forward.  Professional and emotional maturity are wildly out of sync.  Andrew Flintoff told me recently that his cricket career was practically over before he felt at his most confident as a person.  Many sportsmen feel the same.  By the time they’ve grown up, it’s gone.  The period of critical decision-making and the exercise of power arrives frighteningly early.  Only when they retire do sportsmen become young again as they rejoin civilian time.

Yes, if you leave pro sport but land on your feet afterwards, much as Ed Smith himself seems to have done, it might be like being born again, rather than the slow death that it often seems to be for many sports people.  But, no chance of any such resurrection for those artists, or for me.  This is it.

Today there was a reminder, for cricket followers anyway, of how sports careers, like lives, can be cut cruelly short.  Sometimes, sportsmen only get to have just the one (short) life.

Two cricket fielders, both running for the same catch in the outfield, collided and had to be taken away in ambulances.  The match was called off.

I learned about this in an odd way.  Cricinfo was doing basic commentary.  Just runs, dots and wickets as they happened.  No frills.  No explanations.  And then, the commentary just stopped.  What was going on?  A complicated run out.  Rain?  But they usually say if it is raining.  Eventually I tuned into the BBC’s radio commentary, and got the story.

Google “Burns Henriques” and maybe also “Surrey” during the next few hours and days, and you’ll get plenty of hits.  Rory Burns and Moises Henriques are the names.  Surrey is their county.  At first I thought Surrey were maybe looking at another death (to add to this one, which caused havoc at the club).  So, I imagine, did everyone who was at the ground and who saw it happen.  But now that seems unlikely:

One piece of misinformation circulating was that Henriques was receiving CPR. Thankfully, rumour was quickly replaced by the sight of Henriques and Burns both sitting upright and giving the thumbs up as they were lifted into ambulances and taken to nearby St Richard’s Hospital in Chichester.

So, can you get hurt, do a thumbs up, and then go to hospital and die?  What do I know?

Get well soon, gentlemen, and hopefully well enough to play again, also soon.

More sports news, old sports news, from a movie I’m watching in the small hours of tomorrow morning on the TV.  I know - how does that work? - time travel.  The movie is Secretariat, about a champion horse in 1970s America.  So, the horse’s champion jockey, the usual diminutive jockey size, walks into the Belmont Ball on the eve of the big race, with a tall and gorgeous blonde on his arm.  He is asked how he convinced the tall and gorgeous blonde to attach herself to him.  He says:

“I told her I’m taller when I stand on my wallet.”

Old joke?  Maybe so, but first time I heard it.

I had no idea how Secretariat would end.  But I know the end now.  Secretariat won Belmont (on June 9th 1973, by the way) by thirty one lengths, a Belmont winning margin never seen since.  Even I know that’s a lot of lengths.  I did not see that coming.

LATER: Burns (a confusing name in a story when injuries are being listed): facial injuries.  Henriques: seriously broken jaw.  Nobody died or is going to.

LATER STILL: One man’s facial injury is another man’s opportunity.  Arun Harinath, playing for Surrey for the first time this season in place of Burns, has just scored a century against Glamorgan.  Such are the downs and ups of sport.

Tuesday June 02 2015

Today I attended an event at the office of the ASI, at which Tim Worstall spoke about his latest book.

I took photos, but almost everything I took was terrible.  This one, much cropped and enhanced, was one of the least worst ones:


That’s Sam Bowman in the middle there, with his back to the window, and on the right, Worstall, holding his glasses, waiting for Sam to finish his intro.  That almost everyone had their backs to the windows didn’t help me photo their faces.

The only half decent photo I took was when I got outside, and photoed people who were saying those prolonged goodbyes that happen at these kinds of events.


Through the upstairs window you can see the party continuing.

The gist of Worstall’s talk was that the Green claim that the earth’s resources are about to run out is based on a failure to understand the meaning of the word “reserve”.  Reserves are not all the resources they even know about or know how to go looking for; they are the resources that they already have lined up to be extracted, given current market conditions and current technological ability.  The entire point of “reserves” is that they are already on the warehouse shelf, metaphorically speaking, and are indeed about to “run out”, aka be consumed.  That these “reserves” are about to be consumed does not mean that all the earth’s resources, known and unknown, easily obtainable at today’s prices and with today’s technology or difficult, are all about to vanish, any more than the fact that all the food now in warehouses will soon disappear and then immediately be replaced means that we are all about to starve.

I have long suspected-stroke-assumed something along these lines.  Good to hear it spelt out in detail.

Saturday May 30 2015

Paul Johnson’s appealingly brief biography of Mozart looks like being a lot of fun.  Here is a bit from near the beginning (pp. 9-11):

Mozart’s musical progress began in 1759, at age three, when he began to remember themes and pick out chords.  The next year he was taught brief pieces on the clavier and reproduced them correctly.  In 1761 he began to compose pieces, which his father wrote down.  It was essential to his father’s belief in his miracle-genius that his son should be displayed “to the glory of God,” as he put it.  In 1757, when Mozart was two, Leopold had been appointed court composer by the prince-archbishop, and as a senior musician, had opportunities to show off his son.  But in Salzburg they were limited, so in 1762, when Mozart was six, he took him to Munich, capital of Bavaria, to play before the elector.  Nannerl went with them, as a co-prodigy, and by now a very accomplished one.  But as a child of eleven, she did not raise much of a stir.  Mozart did, and was feted at many fashionable gatherings.

Next they went to Vienna, capital of Austria and of the German- speaking musical world, in so far as it had one. Maria Theresa, the empress, who had survived the attempt by Frederick the Great of Prussia to destroy her and was now a formidable woman, received them graciously but, though a robust Catholic, showed no signs of treating Mozart as a personified miracle.  She was not unmusical.  On the contrary, she was gifted, a fine singer, and had been educated musically by her vice Kapellmeister, Antonio Caldera. But her advisers were strongly against spending much on music.  Under Emperor Charles VI, her father, and his Hofkapellmeister, Johann Joseph Fux, there had been 134 musicians in the imperial chapel.  Under Maria Theresa, the number fell to 20.

Hence, the empress received the Mozarts, but that was all.  Her daughter, Marie Antoinette, picked Wolfgang up when he fell on the slippery parquet flooring.  Her mother listened patiently when he played a difficult piece by Georg Christoph Wagenseil.  When he jumped up onto her lap and kissed her, she made no complaint. Leopold got a bag of Maria Theresa thalers; the children, presents of court dresses, in which they were painted (not too well).  But no job was offered. Later, when her son did offer some kind of job, she objected, in a devastating letter: “You ask me about taking the young Salzburger into your service.  I do not know why, believing you have no need for a composer or useless people.  If, however, it would give you pleasure, I would not hinder you. What I say is so that you do not burden yourself with unproductive people, and even give titles to people of that sort.  If in your service, this debases the service when such people go around the world like beggars. Furthermore he has a large family.”

The last point is curious as Leopold did not have a large family.  Otherwise the letter gives a telling glimpse of how a sovereign saw music on the eve of its greatest age in history.  Musicians were exactly in the same position as other household servants - cooks, chambermaids, coachmen, and sentries.  They existed for the comfort and well-being of their masters and mistresses.  The idea that you took on a composer or performer simply because he was outstanding, when you already had a full complement of household musicians, was absurd.  And of course performing music for money, outside palace or church employment, was mendicancy.  There was plenty of it, of course.  The trade was overcrowded.  Groups played at street corners for coppers.  In London there were “German Bands.” There were also Italian street musicians, who played “Savoyards,” what we would call hurdy-gurdies, or barrel organs. All this was begging, and beggars usually had, or came from, large families: hence the empress’s error.

In short the only respectable way a musician could earn his living was in salaried employment at a court, a wealthy nobleman’s house, or a cathedral or major church.  Leopold had such a job, but it was at a low level and miserably paid.  To rise higher - at a court like Vienna or the elector’s in Munich - required interest. That was a key eighteenth-century word, usually to do with family connections.  When George Washington distinguished himself in colonial service during the Seven Years’ War, when Mozart was an infant, he aspired to rise in the British regular Army or its Indian offshoot.  But he had no interest at the Horse Guards (War Office) or the East India Company in London.  So he went on to become a revolutionary leader, and first president of the United States.  When Napoleon was a young teenager in Corsica, he greatly admired the Royal Navy ships that anchored in its harbors.  But he had no influence in the London Admiralty, and so a commission in the Royal Navy was out of his reach.  He went on to become emperor of France and conquer half of Europe.  Thus history is made.  In Mozart’s world, to become a court painter, architect, or musician required interest, and his father had none.  Fortunately in his case, he could go on “begging” by composing and performing.

Wednesday March 11 2015

Nothing from me here today, other than this.  But, I posted a review earlier today at Amazon, here, of the book Inflation Matters, by Pete Comley.  Five stars.

Tuesday March 03 2015

Yesterday evening’s rather blatant quota photo was because yesterday, I (a) failed to do my blogging duties here in the morning, and then (b) went on a photo-walk, from which I returned in a state of exhaustion.  It was all I could then do to pick out just the one nice photo and shove it up, accompanied by just enough words for me not seem rude.

Single photos are good when I have nothing much to say, nor much time or energy to say it with, because they take very little time to do or to look at.  They don’t exhaust me.  Nor do they take up much of your time unless you decide that you would like them to.  It’s up to you.  You can be done with a photo in a second, literally, while still quite liking it.  Or, you can contemplate it for as long as you like, even for as long as it might take you to read a quite long essay.  What you do not want from a blogger who is posting only for the sake of it is a long essay, which turns out to be saying nothing.  That you can not get a nice little second of fun from and be off, certain that you probably missed very little.  Hence quota photos.  Hence also quota quotes, provided they are short, and to a point.

Tuesday February 24 2015

This blog is where, among other worthier things, I boast about what a clever fellow I am, given that not many other people are in the habit of saying this.  A recent incoming email from Michael Jennings, entitled “You told me about this 12 years before the New York Times did”, gives me another opportunity thus to indulge.

The New York Times piece is this, which is a about how rich people have less stuff than poor people, because stuff is now so cheap.

And I said this in this, just over twelve years ago, as Michael says.

I’m guessing it’s the BJT Bosanquet reference that he particularly remembered.

I said it twelve years ago
Pete Comley talking about inflation on Friday February 27th
Cheap long-haul flights coming soon
Scandinavia comes out on top according to the HDI …
Thoughts on habits and on changing incentives with the passing of time
Dominic Frisby on the Hype Cycle
How the internet is cheering up Art
Marginal Eurostar economics
At the Libertarian Home cost of living debate
Bill Bryson on the miracle of crop rotation
Bond car
ASI Boat Trip 4: Groups of posing people
ASI Boat Trip 3: Drink!
Cashing a cheque by photoing it
I need a new passport but just now passports are a problem
Compact Cats buried under London’s poshest homes
How much does it cost to power up a mobile phone?
Anton Howes – James Lawson – Will Hamilton
Nothing from me here today
Well that’s a relief
Green screen blue screen
Sam Bowman on Bleeding Heart Libertarianism
Detlev Schlichter talking about Von Mises (and being videoed)
Big Things happening in the City
Happiness is still Gold Blend at only £3 instead of £4.50
Happiness is Gold Blend at only £3 instead of £4.50
Anton Howes at the Rose and Crown
Corrie Chipps pictures the Zimbabwe inflation
The next four Brian’s Last Fridays (including December 27)
Amazon pricing puzzle
The Times of May 24th 1940
Bad and good in bad weather
Views from Kings College
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
Thrashing India
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
Bitcoin etc.?
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
Quota choke?
Cat news
Let us now trash infamous men
Why I prefer blogging to writing for a magazine
Wot inflationz?
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
Happy hundredth
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
Sneezing chat
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
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
Going global
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
Quotes dump
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
Fantasy budgets
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
Work photos
TARP stuff - and a trip to Sheffield
Do nothing?
Meme for the New Depression
Kevin Dowd says what should be done
Commenting about the Dowd lecture at Samizdata
London continues to build big
Kevin Dowd
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
It’s over
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
Chinese Friday?
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?
Filthy rich
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
The visitor
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
That’s it
Pauses - Indian accents - English names
To be controlled in our economic pursuits means to be dot dot dot controlled in everything
Some economics
“The basis is economic development”
Thoughts on habits and on killer apps