Category: Books

Oppenheim Recommends Diamond’s “Well-Researched,” “Well-Written,” and “Fascinating” Openness to Creative Destruction

Charles Oppenheim is an Information Science expert whose recent focus has been intellectual property. He is currently a visiting professor at Robert Gordon University in Aberdeen, Scotland. (I do not remember ever meeting him.) Oppenheim has written a gracious, though mixed, review of my book Openness to Creative Destruction: Sustaining Innovative Dynamism. Although mixed, what he likes outweighs what he dislikes. Below I quote his first and his final paragraphs.

(p. 82) The author is a well-known professor of economics in the United States. In this book, well researched and supported by numerous references, his philosophy of life is made clear – and a rather worrying philosophy it is, as we shall see. The book addresses the question of how to encourage innovation and entrepreneurship in an advanced economy such as that of the United States.

. . .

(p. 83) This is a well-written book with an easy style that will appeal to economists, students and perhaps the general public. It is supported by a large number of references, as well as figures and tables. It has an exemplary index. Diamond covers interesting ground and provides some fascinating histories of the development of many of the inventions we now take for granted. Such a pity that Diamond’s argument is so one-sided, and that he fails to take into account moral, ethical and environmental concerns in his optimistic vision of how innovation can make economies thrive. The book is recommended, but treat its contents with caution.

For the full review, see:

Oppenheim, Charles. “Openness to Creative Destruction, Arthur M. Diamond Jr. (2019), Oxford University Press.” Prometheus: Critical Studies in Innovation 36, no. 1 (March 2020): 82-83.

(Note: ellipsis added.)

My book, reviewed by Oppenheim, is:

Diamond, Arthur M., Jr. Openness to Creative Destruction: Sustaining Innovative Dynamism. New York: Oxford University Press, 2019.

After Age 65, Men Lose More “Antibody-Producing B Cells” Than Women Lose

(p. B5) By examining gender-based distinctions in the immune system, cell structure, brain and other systems, researchers are discovering how and why men and women grow older in clearly different ways.

Their findings could help explain why Covid-19 has had a greater impact on older men than older women. A recent study found that men, after the age of 65, lost important antibody-producing B cells in the blood, while women didn’t.

“It was surprising,” said Duygu Ucar, an associate professor who led the study at the Jackson Laboratory for Genomic Medicine in Farmington, Conn. The research team also found that men, as they age, experience greater inflammation in their blood, which has been associated with severe cases of Covid-19.

. . .

Nir Barzilai, director of the Institute for Aging Research at the Albert Einstein College of Medicine, looked at the blood of men and women between the ages of 65 and 95 and found protein levels changed at different rates. Less change means more stability, he said. Men’s levels changed far more than women’s, with 600 significant changes versus 277 for women, according to the study, published in December.

“The female biology seems to be more stable than men’s,” says Dr. Barzilai, the author of “Age Later” who specializes in geroscience.

For the full story, see:

Clare Ansberry. “Women and Men Age Differently—-And in More Ways Than Just Longevity.” The Wall Street Journal (Wednesday, July 15, 2020): A13.

(Note: ellipsis added.)

(Note: the online version of the story has the date July 14, 2020, and has the title “Women and Men Age Differently—in More Ways Than Just Longevity.” The last couple of paragraphs quoted above, appeared in the online, but not the print, version of the article.)

The “recent study” mentioned above is:

Márquez, Eladio J., Cheng-han Chung, Radu Marches, Robert J. Rossi, Djamel Nehar-Belaid, Alper Eroglu, David J. Mellert, George A. Kuchel, Jacques Banchereau, and Duygu Ucar. “Sexual-Dimorphism in Human Immune System Aging.” Nature Communications 11, Article #751 (Feb. 6, 2020): 1-17.

The book by Barzilai, mentioned above, is:

Barzilai, Nir. Age Later: Health Span, Life Span, and the New Science of Longevity. New York: St. Martin’s Press, 2020.

Jim Pethokoukis Asks Art Diamond How to Increase Innovative Dynamism

Jim Pethokoukis recently posted an abbreviated transcript of our conversation on his Political Economy podcast about my Openness to Creative Destruction: Sustaining Innovative Dynamism book.

Posted by Arthur Diamond on Thursday, August 6, 2020

Transcript of Political Economy Podcast Interview with Arthur Diamond on Openness to Creative Destruction

The lightly edited transcript was posted on July 30, 2020 on the American Enterprise Institute web site.

Yesterday Jim Pethokoukis posted a lightly edited transcript of my conversation with him on his American Enterprise…

Posted by Arthur Diamond on Friday, July 31, 2020

Despite Global Trading Routes, in Year 1000 Most Ordinary People Rejected the Unfamiliar

(p. C8) Valerie Hansen’s “The Year 1000: When Explorers Connected the World—and Globalization Began” is a gripping account of exploration and ingenuity, sweeping across the economic alliances and great networks of trade that connected disparate regions around the globe. By touching down in different parts of the world at that precise moment, Ms. Hansen reveals the social and economic changes that linked individuals and societies in astonishing ways.

. . .

People navigated along the trading routes from China to the Persian Gulf and East Africa, and from Scandinavia to North America and the Caspian Sea, long before da Gama, Magellan and Columbus. But for most ordinary people life was still circumscribed. Globalization in 1000 may have opened the world to rulers—and busy ports and cities like Quanzhou and Bukhara may have hosted culturally and religiously diverse populations—but there was little sense of a wider, cosmopolitan embrace of a common humanity. “The most important lesson we can learn from our forebears is how best to react to the unfamiliar,” Ms. Hansen writes. “Those who remained open to the unfamiliar did much better than those who rejected anything new.”

For the full review, see:

Karin Altenberg. “Setting The Globe Spinning.” The Wall Street Journal (Saturday, May 23, 2020): C8.

(Note: ellipsis added.)

(Note: the online version of the review has the date May 22, 2020, and has the title “The Year 1000’ Review: Setting the Globe Spinning.”)

The book under review is:

Hansen, Valerie. The Year 1000: When Explorers Connected the World—and Globalization Began. New York: Scribner, 2020.

Covid-19 Caused Mass Transit Use to “Plummet by 80%” or More

(p. D1) Fears of being exposed to germs in cramped underground spaces have reportedly caused mass transit ridership to plummet by 80% in urban centers such as Milan and San Francisco—and by up to 96% in hot spots including New York, Washington, D.C., and Paris. When they head back to their corner offices, car-shunning members of the C-suite set might be more likely to commute in prudent solitude on electric bikes than to trudge up subway steps.

“No one wants to be in a dirty cab. We don’t want to be on a bus or subway. People want their own mode of transportation that they control,” said Michael Burtov, author of “The Evergreen Startup.” Mr. Burtov, who works with entrepreneurs as part of MIT’s Enterprise Forum, also noted a severe dip in usage of shared bikes and scooters; who yearns to spend an afternoon wiping down handlebars or riding in gloves? “For individualized modes of transportation, which are affordable and really efficient, it’s a renaissance.”

To wit, Seattle’s Rad Power Bikes recently announced that sales had leapt nearly 300% this April compared with the same period in 2019. Its Dutch competitor VanMoof claimed a similar growth of 264% for the first half of 2020 compared with the same six months last year.

For the full story, see:

Matthew Kitchen. “Wanted: A Safer Commute.” The Wall Street Journal (Saturday, June 27, 2020): D1.

(Note: the online version of the story has the same date as the print version, and has the title “Wary of Subways? 6 Electric Options for a Solo Work Commute.”)

The book by Burtov, mentioned above, is:

Burtov, Michael. The Evergreen Startup: The Entrepreneur’s Playbook for Everything from Venture Capital to Equity Crowdfunding. Hypercritical Publishing, 2020.

Excellence Achieved by “Deliberate Practice” That Is Critiqued by Tough Expert Teachers

(p. A12) Dr. Ericsson, a professor of psychology at Florida State University, argued that sustained practice was far more important than any innate advantages in determining who reaches the top in athletic, artistic and other fields.

That practice, however, couldn’t be mindless repetition. He called for “deliberate practice,” preferably guided by an expert teacher, focused on identifying and correcting weaknesses and monitoring progress. If you were enjoying the practice, it probably wasn’t working.

Dr. Ericsson’s research gained prominence with the publication of “Outliers,” a 2008 book by Malcolm Gladwell. Drawing loosely on Dr. Ericsson’s findings, Mr. Gladwell proclaimed “the 10,000-Hour Rule,” to denote the typical amount of practice time needed to master certain skills, such as playing the violin at an elite level. Dr. Ericsson later wrote that Mr. Gladwell’s rule oversimplified the relevant research.

. . .

He was comfortable in an office surrounded by mounds of books and papers that appeared to have been arranged by a tornado.

For the full obituary, see:

James R. Hagerty. “Professor Studied Habits Of World-Class Experts.” The Wall Street Journal (Saturday, June 27, 2020): A12.

(Note: ellipsis added.)

(Note: the online version of the obituary has the date June 25, 2020, and the title “Professor Studied How Elite Performers Reach the Top.”)

The Gladwell book that made highlighted Ericcson’s research, is:

Gladwell, Malcolm. Outliers: The Story of Success. New York, NY: Little, Brown, and Co., 2008.

Quarantine Conditions Conspire Against “Flow”

(p. A24) Because I’m a mother, and because I once wrote a book about modern parenthood, I’ve spent a lot of time these days trying to diagnose why it is, exactly, that the nerves of so many parents have been torn to ribbons in the age of quarantine.

. . .

. . . : “Flow” is that heavenly state of total absorption in a project. Your sense of time vanishes; it’s just you and the task at hand, whether it’s painting or sinking shots through a basketball hoop.

It turns out that flow is critical to our well-being during this strange time of self-exile. A few weeks ago I spoke to Kate Sweeny, a professor of psychology at the University of California, Riverside, who recently collaborated on a survey of 5,115 people under quarantine in China. To her surprise, the people who best tolerated their confinement were not the most mindful or optimistic; they were the ones who’d found the most flow. She suspected it was why Americans have spent the last two months baking bread and doing puzzles. “They’re intuitively seeking out flow activities,” she said.

Flow, unfortunately, is rare in family life. The father of flow research, Mihaly Csikszentmihalyi, told me so point-blank when I wrote my book. When kids are small, their developing brains actually conspire against flow, because they’re wired to sweep in as much stimuli as possible, rather than to focus; even when they’re older, they’re still churning windmills of need.

And that’s during the best of times. Now, not only are we looking after our children, an inherently non-flow activity, and not only are we supervising their schoolwork and recreational pursuits — two things we used to outsource — but we’re working.

You need a stretch of continuous, unmolested time to do good work. Instead, your day is a torrent of interruptions, endlessly divided and subdivided, a Zeno’s paradox of infinite tasks. There’s no flow at all.

For the full commentary, see:

Jennifer Senior. “We’re Not Really Parenting. We’re Managing Parenthood in a Pandemic.” The New York Times (Monday, May 25, 2020): A24.

(Note: ellipses added; italics in original.)

(Note: the online version of the commentary has the date May 24, 2020, and the title “Camp Is Canceled. Three More Months of Family Time. Help.”)

The book Senior mentions above, is:

Senior, Jennifer. All Joy and No Fun: The Paradox of Modern Parenthood. New York: HarperCollins Publishers, 2014.

“How Swimming Frees Their Minds”

(p. 11) Tsui endears herself to the reader . . . . Her universal query is also one of self, and her articulations of what she learns are moving. Long-distance swimmers speak to her about how swimming frees their minds, of their sense of “sea-dreaming.” And Tsui’s argument about the unique state of flow one enters while swimming makes you desperately long to be in the pool or the ocean. Water becomes the mind’s sanctuary while the body moves in its best imitations of a fish.

For the full review, see:

Mary Pols. “Deep Dive.” The New York Times Book Review (Sunday, June 14, 2020): 11.

(Note: ellipsis added.)

(Note: the online version of the review has the date April [sic] 14, 2020, and has the title “Eat. Sleep. Swim. Repeat.”)

The book under review is:

Tsui, Bonnie. Why We Swim. New York: Algonquin Books, 2020.