New York Resisted Roosevelt’s Enforcing “Stupid” Vice Laws

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Source of book image: http://media.npr.org/assets/bakertaylor/covers/i/island-of-vice/9780385519724_custom-e38a25fc66f104a049d4d24aa39dbe92d42fbd57-s6-c10.jpg

(p. C9) . . . as Richard Zacks’s excellent “Island of Vice: Theodore Roosevelt’s Doomed Quest to Clean Up Sin-Loving New York” ably shows, while we might like to believe that the stretch from 1970 to 1995 represents the city’s nadir, it was just about business as usual in New York over the centuries.

From its time as a Dutch colonial outpost, the city has always been pretty bad. You’d almost think New Yorkers prefer it that way. Of course, we don’t like fraud, robbery, assault, arson, rape or murder any more than anyone else does. But the deliberate injury of one’s fellow citizen isn’t the only way to break the law. There are also those crimes that fall under the broad category of “vice”: things such as gambling, prostitution, indecent exposure and selling alcohol at a convenient time. Historically, the average New Yorker has not greeted these acts with the same immediate urge to suppress that many of his or her fellow Americans have had. You don’t get a nickname like “The City That Never Sleeps” without having a certain amount of things worth staying up for.
. . .
In the end, Mr. Zacks’s exhaustively researched yet lively story is a classic battle between an irresistible force, Roosevelt’s ego, and an immovable object, the people of New York’s unwillingness to follow laws they thought were stupid. In this case, the object won, and handily. Mr. Zacks’s account of the way the city’s saloonkeepers instantly turned their establishments into hotels to take advantage of a loophole in the law is particularly amusing. Eventually, the police department, not unsympathetic to the Sunday tippler, began finding ways to wriggle out from under the commissioner’s thumb, and beer-friendly Tammany Hall, with the people solidly behind it, began peeling away his allies.

For the full review, see:
DAVID WONDRICH. “BOOKSHELF; Teddy’s Rough Ride.” The Wall Street Journal (Sat., March 17, 2012): C9.
(Note: ellipses added.)
(Note: the online version of the review has the date November 30, 2012.)

Book under review:
Zacks, Richard. Island of Vice: Theodore Roosevelt’s Doomed Quest to Clean up Sin-Loving New York. New York: Doubleday, 2012.

To Avoid Economic Crises We Need to Look at Evidence from Economic History

(p. 1093) Methodologically, the most fundamental and forceful message from the book is that, by ignoring history and the fact that crises remain frequent, recurrent, episodic events–in both rich and poor countries–almost everyone, including researchers and policymakers, made themselves vulnerable to the wishful thinking encapsulated in the book’s title. There is a deeper statistical point here. Crises, and for that matter large recessions and other phenomena that are of first-order interest given their implications for economic activity, occur at quite a low frequency. They are rare events, meaning that they do not occur so frequently, at least for most countries in a short-span time series. Thus recent experience can be an unfaithful guide for scholars and statesmen alike, a good example being the complacent thinking that accompanied the erstwhile Great Moderation of recent decades even as financial pressures built up nationally and internationally. Possibly the most important lesson that readers will take away from this book is that if we are to do better in future, from our policy thinking in the chambers of power to our macroeconometric analyses in academe, (p. 1094) we need to admit the existence of, and come to grips with, a much broader universe of evidence.

For the full review, see:
Taylor, Alan M. “Global Financial Stability and the Lessons of History: A Review of Carmen M. Reinhart and Kenneth S. Rogoff’s This Time Is Different: Eight Centuries of Financial Folly.” Journal of Economic Literature 50, no. 4 (Dec. 2012): 1092-105.
(Note: italics in original.)

The book that Taylor reviews, is:
Reinhart, Carmen M., and Kenneth Rogoff. This Time Is Different: Eight Centuries of Financial Folly. Princeton, NJ: Princeton University Press, 2009.

Yang Documents How Mao Starved the Proletariat

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Source of book image: http://img1.imagesbn.com/p/9780374277932_p0_v1_s260x420.JPG

(p. C12) Yang Jisheng’s “Tombstone: The Great Chinese Famine, 1958-1962” exemplifies E.H. Carr’s famous dictum: “Study the historian before you study the facts.” Mr. Yang is not the first historian to exhume the darkest crime of the political party that still rules China but the first Chinese journalist and longtime Party member to do so. He uses the Party’s own historical records and the perpetrators’ own words to craft his devastatingly detailed indictment.

For the full review essay, see:
Sylvia Nasar (author of passage quoted above, one of 50 contributors to whole article). “Twelve Months of Reading; We asked 50 of our friends to tell us what books they enjoyed in 2012–from Judd Apatow’s big plans to Bruce Wagner’s addictions. See pages C10 and C11 for the Journal’s own Top Ten lists.” The Wall Street Journal (Sat., December 15, 2012): passim (Nasar’s contribution is on p. C12).
(Note: the online version of the review essay has the date December 14, 2012.)

The book under review, is:
Yang, Jisheng. Tombstone: The Great Chinese Famine, 1958-1962. New York: Farrar, Straus and Giroux, 2012.

Eastern Europeans Were Lab Rats in Stalin’s Monstrous Experiment

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Source of book image: http://media.cleveland.com/books_impact/photo/ironjpg-2761d5de1590effb.jpg

(p. C12) In a stunning follow-up to “Gulag,” Anne Applebaum takes readers back to the events that triggered the half-century-long standoff between the U.S. and the U.S.S.R. Instead of the usual aerial view, “Iron Curtain” re-creates what it was like on the ground for those who became the lab rats in Stalin’s monstrous social experiment.

For the full review essay, see:
Sylvia Nasar (author of passage quoted above, one of 50 contributors to whole article). “Twelve Months of Reading; We asked 50 of our friends to tell us what books they enjoyed in 2012–from Judd Apatow’s big plans to Bruce Wagner’s addictions. See pages C10 and C11 for the Journal’s own Top Ten lists.” The Wall Street Journal (Sat., December 15, 2012): passim (Nasar’s contribution is on p. C12).
(Note: the online version of the review essay has the date December 14, 2012.)

The book under review, is:
Applebaum, Anne. Iron Curtain: The Crushing of Eastern Europe, 1944-1956. New York: Doubleday, 2012.

Socialism Failed in Jamestown

(p. 226) Stephen Slivinski discusses “Economic History: The Lessons of Jamestown.” In the years after the Jamestown settlement of 1607, the settlers often lacked food. “The company sent Sir Thomas Dale, a British naval commander, to take over the office of colony governor in 1611. Yet, upon arrival in May–a time when the farmers should have been tending to their fields–Dale found virtually no planting activity. Instead, the workers were devoted mainly to leisure and ‘playing bowls.’ . . . All land was owned by the company and farmed collectively. . . . The workers would not hope to reap more compensation from a productive farming of the land any more than the farmers would be motivated by an interest in making their farming operations more efficient and, hence, more profitable. Seeing this, Dale decided to change the labor arrangements: When the seven-year contracts of most of the original surviving settlers were about to expire in 1614, he assigned private allotments of land to them. Each got three acres, 12 acres if he had a family. The only obligation was that they needed to provide two and a half barrels of corn annually to the company so it could be distributed to the newcomers to tide them over during their first year. Dale left Jamestown for good in 1616. By then, however, the new land grants had unleashed a vast increase in agricultural productivity. In fact, upon returning to England with Dale, John Rolfe–one of the colony’s former leaders–reported to the Virginia Company that the Powhatans were now asking the colonists to give them corn instead of vice versa.”

As quoted in:
Taylor, Timothy. “Recommendations for Further Reading.” Journal of Economic Perspectives 24, no. 4 (Fall 2010): 219-26.
(Note: ellipses added by Taylor.)

The Slivinski article is:
Slivinski, Stephen. “The Lessons of Jamestown.” Region Focus 14, no. 1 (First Quarter 2010): 27-29.

Ancient Recipe Rights Protection

“The Sybarites,” Phylarchus [the 3rd cent. BCE historian] says, “having drifted into luxury wrote a law that women be invited to festivals and that those who make the call to the sacrifice issue their summons a year in advance; thus the women could prepare their dresses and other adornments in a manner befitting that time span before answering the summons. And if some cook or chef invented an extraordinary recipe of his own, no one but the inventor was entitled to use it for a year, in order that during this time the inventor should have the profit and others might labor to excel in such endeavors. Similarly, those who sold eels were not charged taxes, nor those who caught them. In the same manner they made those who worked with sea-purple dye and those who imported it exempt from taxes.”

Source:
Athenaeus. Deipnosophistae (the Scholars at Dinner), XII 521c2-d7.
(Note: as quoted on the back cover of Journal of Political Economy 118, no. 6 (December 2010).)

Williams Made Providence a Sanctuary for the Persecuted

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Source of book image: http://d.gr-assets.com/books/1320716933l/11797348.jpg

I have not yet read Barry’s book on Roger Williams, but I did enjoy and learn from his earlier The Great Influenza book.

(p. 12) Williams struck overland, through snow and bitter cold, “wch I feele yet,” he reminisced later in life. He survived because he had help. “The ravens fed me in the wilderness,” he said, comparing himself to the scriptural prophets sustained by bird-borne morsels, though his “ravens” were Indians. With their assistance, he reached the upper bend of a bay that would be named for its inhabitants, the Narragansett. There, Williams bought land from its native proprietors and established a settlement he called Providence, to honor the divine assistance given to him and other Christians on their flights from persecution.
. . .
Next, Williams refused to take an oath of fidelity to Massachusetts, on the grounds that anything sworn in God’s name for worldly purposes was corrupt.
The authorities in Massachusetts were so outraged that having failed to arrest Williams, they tried to obliterate his new settlement. He went back to England to get a charter to protect his colony on his own terms: with a “hedge or wall of Separation between the Garden of the Church and the Wildernes of the world.” In several publications, he argued that the individual conscience should not — could not — be governed, let alone persecuted. If God was the ultimate punisher of sin, it was impious for humans to assume his authority. And it was “directly contrary to the nature of Christ Jesus . . . that throats of men should be torne out for his sake.”
Barry shows how controversial these beliefs were at the time, and in this way reinforces the standard image of Williams as an early proponent of liberty of conscience.

For the full review, see:
JOYCE E. CHAPLIN. “Errand in the Wilderness.” The New York Times Book Review (Sun., May 26, 2012): 12.
(Note: ellipsis between paragraphs was added; ellipsis internal to quotation was in original.)
(Note: the online version of the review has the date May 25, 2012 and has the title “Roger Williams: The Great Separationist.”)

The book being reviewed, is:
Barry, John M. Roger Williams and the Creation of the American Soul: Church, State, and the Birth of Liberty. New York: Viking Adult, 2012.

“The Only Benefit of War Rationing”

(p. 538) The only benefit of war rationing, of which I am aware, is that an alert entrepreneur invented the bikini so as to conserve on the textiles that were then hard to come by for civilian use.

Source:
Shughart II, William F. “The New Deal and Modern Memory.” Southern Economic Journal 77, no. 3 (Jan. 2011): 515-42.

“Highly Leveraged Economies, . . . , Seldom Survive”

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Source of book image: http://si.wsj.net/public/resources/images/ED-AK313_book10_DV_20091008170122.jpg

(p. 762) Every once in a while, a work comes along whose key points ought to be part of the information set of every literate economist. Carmen M. Reinhart and Kenneth S. Rogoff’s This Time is Different: Eight Centuries of Financial Folly is such a work. It describes and analyzes a long international history of several types of financial crises.
. . .
The authors resist giving too much structural interpretation to their analysis. Most would agree with their conclusion that ” . . . highly leveraged economies, particularly those in which continual rollover of short-term debt is sustained only by confidence in relatively illiquid underlying assets, seldom survive” (p. 292).

For the full review, see:
Boskin, Michael J. “Review of: This Time Is Different: Eight Centuries of Financial Folly.” Journal of Economic Literature 48, no. 3 (September 2010): 762-66.
(Note: ellipsis internal to the final quotation, and the italics, are in the original; ellipsis between paragraphs is added.)
(Note: the “p. 292” refers to a page in the book, and not a page of the review.)(

The book being reviewed, is:
Reinhart, Carmen M., and Kenneth Rogoff. This Time Is Different: Eight Centuries of Financial Folly. Princeton, NJ: Princeton University Press, 2009.

Entrepreneurs of Coffee, the Battlefield, and Missing Minerals

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Source of book image: http://img.qbd.com.au/product/l/9780691143705.jpg

[p. 167] The book . . . contains a variety of entertaining stories and colorful facts about entrepreneurship that could potentially be used for teaching. [p. 168] Murray, for instance, explains that the word “entrepreneur” was borrowed from the French language in the late Middle Ages, a time when it was used to describe a battlefield commander (p. 88). Kuran describes how Middle Eastern coffee entrepreneurs originally faced harsh resistance from many clerics who believed that “coffee drinkers reap hell-fire” (pp. 71-72). Hudson traces early merchant activity and entrepreneurship all the way back to Sumerian cities in Mesopotamia in the third millennium BC (pp. 11-17). These cities, made rich by their fertile alluvial soil, still needed to acquire other important minerals, missing in their own ground, from the distant Iranian plateau or Anatolia. Since military conquest proved too expensive and because the Sumerian cities really needed these resources, they pioneered international import-export activities in their temples and palaces.

For the full review, see:
Bikard, Michael, and Scott Stern. “The Invention of Enterprise: Entrepreneurship from Ancient Mesopotamia to Modern Times.” Journal of Economic Literature 49, no. 1 (March 2011): 164-68.
(Note: ellipsis added.)
(Note: the page numbers in square parentheses refer to the review; the page numbers in curved parentheses refer to the book under review.)

Book being reviewed:
Landes, David S., Joel Mokyr, and William J. Baumol, eds. Invention of Enterprise: Entrepreneurship from Ancient Mesopotamia to Modern Times. Princeton, NJ: Princeton University Press, 2010.

Edison Foresaw Phonograph Music Potential

EdisonWangemannGroupPhoto2012-11-11.jpg “EUROPEAN JOURNEY; Thomas Edison, seated center, sent Adelbert Theodor Edward Wangemann, standing behind him, to France in 1889. From there Wangemann traveled to Germany to record recitations and performances.” Source of caption and photo: online version of the NYT article quoted and cited below.

Edison is often ridiculed for failing to foresee that playing music would be a major use for his phonograph invention. (Nye 1991, p. 142 approvingly references Hughes 1986, p. 201 on this point.) But if Edison failed to foresee, then why did he assign Wangemann to make the phonograph “a marketable device for listening to music”?

(p. D3) Tucked away for decades in a cabinet in Thomas Edison’s laboratory, just behind the cot in which the great inventor napped, a trove of wax cylinder phonograph records has been brought back to life after more than a century of silence.

The cylinders, from 1889 and 1890, include the only known recording of the voice of the powerful chancellor Otto von Bismarck. . . . Other records found in the collection hold musical treasures — lieder and rhapsodies performed by German and Hungarian singers and pianists at the apex of the Romantic era, including what is thought to be the first recording of a work by Chopin.
. . .
The lid of the box held an important clue. It had been scratched with the words “Wangemann. Edison.”
The first name refers to Adelbert Theodor Edward Wangemann, who joined the laboratory in 1888, assigned to transform Edison’s newly perfected wax cylinder phonograph into a marketable device for listening to music. Wangemann became expert in such strategies as positioning musicians around the recording horn in a way to maximize sound quality.
In June 1889, Edison sent Wangemann to Europe, initially to ensure that the phonograph at the Paris World’s Fair remained in working order. After Paris, Wangemann toured his native Germany, recording musical artists and often visiting the homes of prominent members of society who were fascinated with the talking machine.
Until now, the only available recording from Wangemann’s European trip has been a well-known and well-worn cylinder of Brahms playing an excerpt from his first Hungarian Dance. That recording is so damaged “that many listeners can scarcely discern the sound of a piano, which has in turn tarnished the reputations of both Wangemann and the Edison phonograph of the late 1880s,” Dr. Feaster said. “These newly unearthed examples vindicate both.”

For the full story, see:
RON COWEN. “Restored Edison Records Revive Giants of 19th-Century Germany.” The New York Times (Tues., January 31, 2012): D3.
(Note: ellipses added.)
(Note: the online version of the article is dated January 30, 2012.)

EdisonPhonograph2012-11-11.jpg “Adelbert Theodor Edward Wangemann used a phonograph to record the voice of Otto von Bismarck.” Source of caption and photo: online version of the NYT article quoted and cited above.