November In The Sherlock Holmes Canon

I'm enjoying The Cambridge Companion to the Roman Economy so far, but it's rather high level, and it's been a few years since I last studied economics. So, I picked up a little refresher. And read the whole thing in a day.

The Cartoon Introduction to Economics, by Grady Klein and Yoram Bauman, is very, very good.

Graphic novels are great for bringing dry subjects to life. Klein and Bauman's examples show that economics is about people making choices, and their choices affecting each other's lives:

And it helps put abstract concepts into concrete terms:

The text is funny and easy to follow, even if you hate math and know nothing about economics. I think it's a very good introduction to how capitalism is supposed to work, in theory. You can certainly criticize capitalism - I do - but these books will show you the nature of the beast that we're up against.

It's very difficult for an economics book to be politically neutral. But Klein and Bauman's work is factual, avoids strongly right-wing or left-wing slants, and they acknowledge systemic problems like colonialism, exploitation of poor communities, and climate change. They also offer a few suggestions for addressing these problems. The books are USA-centric but include examples from other countries, too.

Oh yeah, there's actually two books. One for micro-economics, and one for macro-economics.

Microeconomics looks at a single individual, business, or market. So volume one covers:

Marginal utility and cost

Supply and demand

Cost-benefit analysis

How markets self-organize and stabilize

Auctions

Risk

How interest rates work

Present vs. future value of a good

Information asymmetry

What makes a market competitive or not

Game theory, including the prisoner's dilemma and the tragedy of the commons

How taxation affects markets

Price and demand elasticity

Macroeconomics looks at an entire economy, or multiple economies, and how they interact. Volume two explores:

Gross Domestic Product

How to measure quality of life

Monetary policy and fiscal policy

Unemployment

Inflation and deflation

Classical vs. Keynesian economics

Free trade vs. protectionism

Aging populations

Currency exchange

Foreign aid and exploitation

Climate change and pollution

Addressing global poverty and inequality

Strategies for mitigating economic crashes

However, these books do not cover:

Marxist and socialist views of economics

Effects of colonialism and discrimination

The role of unions

Social safety nets

Indigenous and traditional societies' economics

Behavioral economics

Personal finance

Stock markets

What causes economic bubbles and crashes

And probably more things I forgot

They're not a substitute for a real textbook or college course. But they're a great starting point, and a fun read.

reading any dostoyevski book your main takeaway will always be yeah no i see why every other author was in love with this miserable russian man . and justice prevails slow and greets you when youve changed too much to still be in need of its comfort

the swagful magistrate ⁉️

Startin' to think this Caesar fella ain't a real great judge of character

Saw this in my Roman economics book and I just had to sit there stunned for a moment. The fastest growing economy in the 1600s hit 0.2%. For comparison, the average country's growth last year was 2.7% (in real GDP), or thirteen times as much. A huge portion of that is thanks to improvements in human capital: public schools, healthcare, improved access to nutrition, and social safety nets. Another big part, the rate of technological progress, increases in proportion to human capital. I suspect that reduced prevalence of war also plays a role.

Like shit, man, if I were a rational capitalist, I should want higher taxes if the money would go to public education, mental health and addiction recovery programs, low-income assistance, and universal healthcare. I should be more anti-war than the goddamn Pope. The slight increase in my tax rate would be plenty offset by the improved skills and productivity of my workers, the disposable income of my customers, and decreases in my personal cost of healthcare and education.

But that's a rational, impartial capitalist. Someone who isn't beholden to shareholders, or trying to win votes. One of the weirdest things in economics is how individuals trying to do what's profitable for themselves can produce less profitable outcomes for everyone, including themselves.

(From "Human Capital and Economic Growth" by Richard Saller, in The Cambridge Companion to the Roman Economy, ed. Walter Scheidel.)

girl with 97 tabs open at a time with different articles and sites on every different subject because there is so much Knowledge to be Absorbed

*it’s

I love when you find an author who just has a good flavor to their writing. It could be the way they handle characters, the way they use certain tropes or themes, even the specific lilt of their words. Its familiar and comforting and carries across different stories, like coming back to a place of comfort and recognizing the furniture.

There lived a certain man, a proconsul of Gaul He was lean and sharp and his head was almost bald Most people looked at him with envy and awe But to Cato, he thought himself above the law He had conquered Gaul and asked the Senate For a triumph through their town And to run for consul - he could win it But they said "Stand down."

Ra ra Julie C., Nicomedes' teenage fling There was a man who couldn't let go Ra ra Julie C., really wanted to be king It was a shame how he stole the show

He crossed the Rubicon, invaded his own home But the Pompeians had already fled from Rome With hardly any fights he captured Italy Though Spain and Greece didn't come so easily He got nearly slaughtered by Dyrrhachium And the next four years of strife But he won and had the Senate make him Dictator for life

Ra ra Julie C., Cleopatra's Roman fling There was a man who couldn't let go Ra ra Julie C., really wanted to be king It was a shame how he stole the show

But as his bogus elections and his hunger for power Became known to more and more people The conspiracy to assassinate This man became bigger and bigger

"This Caesar's gotta go," declared his enemies But a new war loomed and he'd soon go overseas No doubt this dictator was difficult to harm And within Rome's walls, they couldn't carry arms Then they thought, a meeting of the Senate Fit just right, for on the Ides He would be alone for just a minute And Caesar would die

Ra ra Julie C., every Roman woman's fling They had him cornered, took out their knives Ra ra Julie C., really wanted to be king He grabbed a pen and fought for his life Ra ra Julie C., emperor foreshadowing They didn't quit, they wanted his head Ra ra Julie C., Brutus jabbed his ding-a-ling And so they stabbed him till he was dead

Oh, those Romans…