artdiamondblog.com – Page 457 – Art Diamond's web log

Art Diamond Defended Air Conditioning in WPR Debate with Stan Cox

From archive of the Joy Cardin show:

Wednesday
6/8/2011
7:00 AM

Joy Cardin – 110608B
After seven, Joy Cardin asks her guests a weather-related Big Question: “Do we rely too much on air-conditioning?”

Guests:
– Stan Cox, Senior Scientist, The Land Institute. Author, “Losing Our Cool: Uncomfortable Truths About Our Air Conditioned World” Author’s blog: http://losingourcool.wordpress.com
– Arthur Diamond, Professor of Economics, University of Nebraska at Omaha. Author, conference paper, “Keeping Our Cool: In Defense of Air Conditioning” (http://artdiamond.com/)

Link to streaming version of debate between Art Diamond and Stan Cox (author Losing Our Cool) on whether air conditioning is good (Diamond) or bad (Cox). Broadcast on Joy Cardin Show on the Wisconsin Public Radio network on Weds., June 8, 2011, from about 7:00 – 7:50 AM: http://wpr.org/webcasting/play-wma.cfm?FileName=jca110608b.wma&pagename=/webcasting/audioarchives_display.cfm

“Whatsoever a Man Soweth, That Shall He Also Reap”

“A gardener’s recipe for vengeance at the Sixth Street and Avenue B Community Garden in Manhattan.” Source of caption and photo: online version of the NYT article quoted and cited below.

(p. 20) At the 700 community gardens sprinkled through the city like little Edens, the first commandment should be obvious: Thou shalt not covet, much less steal, thy neighbor’s tomatoes, cucumbers or peppers. But people do.

“This was an inside job,” Holland Haiis-Aguirre, a key-holder at the West Side Community Garden, said after she arrived at her plot on July 24 to pick a “big, beautiful, full-sized cucumber” that she and her husband had tended from infancy. Instead, she found a denuded vine; her prize cuke apparently was in someone else’s salad. “So frustrating,” she wailed.
. . .
Sally Young shrouds her 18 heirloom tomato plants in bird netting, but it is not birds she is trying to outwit. Claude Bastide, who grows aromatic herbs, had his spearmint and rosemary plants stolen early in the season. He responded with a sign: “Dear Plant Thief: If I catch you stealing my plants, I will boil you alive in a cauldron filled with poison ivy and stinging nettles until your flesh falls off your bones!”

For the full story, see:
ROBIN FINN. “Peck of Pilfered Peppers in City Gardens; Tomatoes, Too.” The New York Times, First Section (Sun., August 7, 2011): 20.
(Note: ellipsis added.)
(Note: the online version of the story was dated August 5, 2011, and had the title “Pilfered Peppers in City Gardens; Tomatoes, Too.”)

Source of the title of this blog entry: The Bible, Galatians 6:7-9 (King James Version).

Wigmakers Petitioned King “to Make Wig-Wearing by Males Compulsory”

(p. 384) . . . , pretty abruptly, wigs went out of fashion. Wigmakers, in desperation, petitioned George III to make wig-wearing by males compulsory, but the king declined. By the early 1800s nobody wanted them and old wigs were commonly used as dust mops. Today they survive only in certain courtrooms in Britain and the Commonwealth. Judicial wigs these days are made of horsehair and cost about £600,
I’m told. To avoid a look of newness – which many lawyers fear might suggest inexperience – new wigs are customarily soaked in tea to give them a suitable air of age.

Source:
Bryson, Bill. At Home: A Short History of Private Life. New York: Doubleday, 2010.
(Note: ellipsis added.)

Reagan Fought “Tyranny” of Big Government

Former Secretary of State Condolezza Rice, British Foreign Secretary William Hague and London statue of Ronald Reagan. Source of photo: http://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2011/7/4/1309780763409/London-statue-of-Reagan-u-001.jpg

The McCarthy mentioned in the passage quoted below is a California representative who also serves as majority whip.

(p. A9) The statue of a smiling Reagan, dressed in a crisp suit, was paid for by the Ronald Reagan Presidential Foundation as part of a worldwide effort to promote his legacy, according to the organization’s executive director.
. . .
Though Mrs. Thatcher is in poor health and did not attend, she provided a statement that was read by Mr. Hague. “Through his strength and conviction,” she wrote, “he brought millions of people to freedom as the Iron Curtain finally came down.”
In a speech, Mr. McCarthy described Mr. Reagan’s fight not only against the forces of Communism, but against the “tyranny” of debt and big government. He and Mrs. Thatcher, he said, “did not move to the center to gather votes, they moved the center to them.”

For the full story, see:
RAVI SOMAIYA. “Finding a New Perch, Americana Takes a Stand in London.” The New York Times (Tues., July 5, 2011): A9.
(Note: ellipsis added.)
(Note: the online version of the article is dated July 4, 2011 and has the title “Statue of Reagan Is Unveiled in London.”)

My Jobs Haiku “Most Popular”

Yesterday (10/31/11) the Kauffman Foundation issued a press release reporting the results of their fourth-quarter survey of “top economics bloggers.” The URL for the press release is:
http://www.kauffman.org/newsroom/only-half-of-economics-bloggers-expect-employment-growth-in-the-next-three-years.aspx

The last few lines of the press release are summarized below:
In their fourth-quarter survey of “top economics bloggers” the Kauffman Foundation asked the panel of bloggers “to describe the U.S. economy in haiku. Nearly 20 haiku were submitted and subsequently voted on by more than 500 public readers. The most popular was by Professor Art Diamond (http://artdiamondblog.com):”

jobs and Jobs are gone
need more Jobs to get more jobs
innovate to grow

More on Jobs Haiku

My Jobs haiku has received some discussion in the blogosphere.

It is reproduced, along with haikus submitted by other economics bloggers, in an entry of the blog of the Economist magazine:
http://www.economist.com/blogs/freeexchange/2011/10/poetry?fsrc=scn/tw/te/bl/theeconomyinhaiku

I especially like a comment to the Economist blog entry:

CaitP

Oct 26th 2011 7:59 GMT

What a creative way to describe the economy. It is so interesting to see how everyone interprets the economy through poem. I personally like the “jobs and Jobs” one. I think it describes our economy, and gives a snapshot of a major moment in our history.

kbuch5

Nov 2nd 2011 1:41 GMT

It is interesting to see people’s opinions about the economy being put into haikus. My favorite out of these is the haiku that refers to the fact that we have lost Steve Jobs and many jobs for US citizens. And in order to regain these jobs we are going to need more people to contribute in ways Steve Jobs has.

(Note: I added kbuch5’s comment on 11/7/11.)

CNBC correspondent Jane Wells describes my haiku as “poetic” on her blog:
http://www.cnbc.com/id/45078738

Innovative Entrepreneurs Finance Basic Research in Mariana Trench

Source of graphic: online version of the NYT article quoted and cited below.

(p. D1) A new generation of daredevils is seeking to plunge through nearly seven miles of seawater to the bottom of a rocky chasm in the western Pacific that is veiled in perpetual darkness. It is the ocean’s deepest spot. The forbidding place, known as the Challenger Deep, is so far removed from the warming rays of the sun that its temperature hovers near freezing.

“When I was a kid, I loved not only amazing ocean exploration but space, too,” James Cameron, the director of “Avatar,” “Titanic” and “The Abyss,” said in an interview. “I can think of no greater fantasy than to be an explorer and see what no human eye has seen before.”
The would-be explorers can afford to live their dreams because of their extraordinarily deep pockets. Significantly, their ambitions far exceed those of the world’s seafaring nations, which have no plans to send people so deep.
The billionaires and millionaires include Mr. Cameron, the airline mogul Richard Branson and the Internet guru Eric E. Schmidt. Each is building, planning to build or financing the construction of minisubmarines meant to transport them, their friends and scientists into the depths. Entrepreneurs talk of taking tourists down as well.
The vehicles, meant to hold one to three people, are estimated to cost anywhere from $7 million to $40 million.

For the full story, see:
WILLIAM J. BROAD. “Ambitions as Deep as Their Pockets.” The New York Times (Tues., August 2, 2011): D1 & D4.
(Note: the online version of the article is dated August 1, 2011.)

Statute of Caps “Required People to Wear Caps Instead of Hats”

(p. 381) Sumptuary laws were enacted partly to keep people within their class, but partly also for the good of domestic industries, since they were often designed to depress the importation of foreign materials. For the same reason for a time there was a Statute of Caps, aimed at helping national capmakers through a depression, which required people to wear caps instead of hats. For obscure reasons, Puritans resented the law and were often fined for flouting it. But on the whole sumptuary laws weren’t much enforced. Various clothing restrictions were enshrined in (p. 382) statutes in 1337, 1363, 1463, 1483, 1510, 1533 and 1554, but records show they were never much enforced. They were repealed altogether in 1604.

Source:
Bryson, Bill. At Home: A Short History of Private Life. New York: Doubleday, 2010.

“A Landmark Achievement for Regenerative Medicine”

“A lab-made windpipe was implanted June 9 into a 36-year-old patient whose own windpipe was obstructed by a tumor.” Source of caption and photo: online version of the WSJ article quoted and cited below.

(p. A3) Doctors have replaced the cancer-stricken windpipe of a patient with an organ made in a lab, a landmark achievement for regenerative medicine. The patient no longer has cancer and is expected to have a normal life expectancy, doctors said.

“He was condemned to die,” said Paolo Macchiarini, a professor of regenerative surgery who carried out the procedure at Sweden’s Karolinska University Hospital. “We now plan to discharge him [Friday].”
The transplantation of an entirely synthetic and permanent windpipe had never been successfully done before the June 9 procedure. The researchers haven’t yet published the details in a scientific journal.

For the full story, see:
GAUTAM NAIK. “Lab-Made Trachea Saves Man; Tumor-Blocked Windpipe Replaced Using Synthetic Materials, Patient’s Own Cells.” The Wall Street Journal (Fri., July 8, 2011): C8.

Schumpeter on the Difference Between “Making a Road and Walking Along It”

(p. 85) Carrying out a new plan and acting according to a customary one are things as different as making a road and walking along it.

Source:
Schumpeter, Joseph A. The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle. Translated by Redvers Opie. translation of 2nd German edition that appeared in 1926; translation first published by Harvard in 1934 ed. New Brunswick, NJ: Transaction Publishers, 1983.

Arabic Numerals Enabled Better Accounting Systems

Source of book image: online version of the WSJ review quoted and cited below.

(p. A13) Humans have been recording counts for at least 35,000 years, if the notches in a Paleolithic-era baboon’s fibula are an indicator.
. . .
Before the 13th century, European businessmen recorded figures in Roman numerals and computed with their fingers or a counting board. But these creaky accounting systems began to buckle under the growing complexity of regional and international finance. In 1202, Leonardo of Pisa–better known by his family name, Fibonacci–published the “Liber Abbaci,” or “Book of Calculation,” a 600-page tome detailing the rules of Hindu-Arabic arithmetic and algebra. Fibonacci’s volume was directed not to scholars but to merchants, the first work in the West to demonstrate the commercial utility of Eastern mathematics. The book was an instant success and propelled the Pisan maestro d’abbaco to fame.
The “Liber Abbaci” inspired a flood of regionally produced (and lesser) primers on the subject. Arithmetic schools sprang up throughout Italy and would eventually count among their pupils da Vinci and Machiavelli. German merchants flocked to Venice during the 1300s to learn the new accounting practices. In “The Man of Numbers,” mathematician Keith Devlin makes the case that Fibonacci’s book spearheaded the decline and fall of the Roman numeral and transformed scientific, technological and commercial calculation in the West.
At age 15, Fibonacci accompanied his father, a Pisan trade representative, to the North African port of Bugia (now Bejaia, in Algeria). In the preface to “Liber Abbaci,” Fibonacci writes of his early introduction to the “art of the nine Indian figures” and their computational power. After more than a decade of his own studies and tutelage under Arabic mathematicians across North Africa, he returned to Pisa to write his masterwork. Such was the acclaim that Fibonacci appeared before Emperor Frederick II–a colorful intellectual who referred to himself as Stupor mundi or Wonder of the World–and vanquished the emperor’s court mathematician in an arithmetic duel.
. . .
. . . as Mr. Devlin reminds us, even something as prosaic as a sequence of 10 numbers can remake an entire world.

For the full review, see:
ALAN HIRSHFELD. “BOOKSHELF; Counting On Progress; Roman numerals were fine for adding and subtracting. Fibonacci saw that complex math required a better system.” The Wall Street Journal (Thurs., JULY 7, 2011): A13.
(Note: ellipses added; italics in original.)

Book under review:
Devlin, Keith. The Man of Numbers: Fibonacci’s Arithmetic Revolution. New York: Walker & Company, 2011.