Check out bestselling author and Nobel prize-winning economist George Akerlof and Duke economist Rachel Kranton’s intriguing new book IDENTITY ECONOMICS: How Our Identities Shape Our Work, Wages, and Well-Being, which we’re publishing in March. They have published an enlightening yet sure-to-be criticized op-ed in today’s Financial Times. What do you think? Do pay-for-performance systems work on Wall Street? Do they work in other industries? I welcome your thoughts.
Michael Kazin, editor of our pathbreaking new reference book The PRINCETON ENCYCLOPEDIA OF AMERICAN POLITICAL HISTORY, did a Q&A with CNN.com today on the intriguing recent survey that uncovered that 86% of Americans think their government is broken. Check out the Q&A here. The good news? 81% of Americans think it can be fixed.
by Kathryn Rosko | Filed in: In the News | 5:33pm EST
Though originally published in October of last year, Mark A.R. Kleiman’s book WHEN BRUTE FORCE FAILS: How to Have Less Crime and Less Punishment continues to be an integral part of the ongoing discussion of how best to deal with crime in America. The book was recently reviewed in Forbes by Sudhir Venkatesh, along with Michelle Alexander’s “The New Jim Crow,” with an emphasis on race relations in criminal justice policy. David von Drehle at TIME Magazine discussed Kleiman’s book with regard to America’s falling crime rates, and the reason for them. The conversation continues… and hopefully policy makers will use Kleiman’s methods, which propose that we can, in fact, reduce crime and the prison population by half in ten years.
For one, [Wolfe] questions whether it is the role of government to attempt to maximize happiness. My counter argument is that government has no greater mandate to maximize family income, and yet it has been attempting to do just that in a thousand different ways. Governments make value choices. Why not place value on happiness?
The commentator has not read the book (yet), but it seems to me that this is indeed a big question. Why not happiness? and if we decide happiness matters, why not the government as a co-partner in helping us achieve our goal? Have a look at the links above and join in the conversation.
The Euler Book Prize recognizes “an outstanding book about mathematics,” that is judged to possess exceptional “clarity of exposition and … a positive impact on the public’s view of mathematics in the United States and Canada.”
In a press release, Dickinson College writes, “In language usually reserved for great literary works, the judging committee called Euler’s Gem ‘elegant, concise and surprising,’ stating that previous attempts to explain the beauty of Euler’s simple formula and to explore its depth ‘pale by comparison to Richeson’s extraordinary narrative,’ which features descriptions that are ‘amazingly friendly’ and with prose that is ‘a joy to read.’”
We couldn’t agree more and it seems our readers feel the same–we are now in our second printing of this outstanding book!
Join us in celebrating yet another feather in the cap for both Richeson and our mathematics publishing program.
by Jessica Pellien | Filed in: World History | 11:41am EST
For more on his experiences in East Timor and his thoughts on how an international effort came together to halt genocide in 1999 following the East Timor vote for independence, please see his book “If You Leave Us Here, We Will Die”.
by Sarah Caldwell | Filed in: In the News | 12:57pm EST
Tiger’s talk scores an Eagle, according to PUP author Susan Wise Bauer.
First there was Spitzer, then Sanford, and now Tiger Woods: a public figure of a different ilk but the clear front-runner for “Sex Scandal of the Century” because of the global reach of his celebrity and the epic shock waves that followed his fall from grace.
Just moments ago, Woods took the stage to deliver his 13-minute statement of apology. If you were glued to your monitors/TV screens like we were in PUP publicity, you were witness to a riveting human drama played out by one very tarnished star.
He cheated. He was wrong. He’s sorry. Yes, yes, but Susan Wise Bauer, author of THE ART OF THE PUBLIC GROVEL, gives Woods high marks for nailing the three crucial points that make up textbook political confessions. In an email she wrote to me, Bauer stated, “He has to make clear to his audience that he doesn’t consider himself in any way superior to them, he has to acknowledge responsibility without blameshifting, and, most of all, he’s got to avoid looking like a predator.”
This is telling advice, lifted straight from Bauer’s book. Perhaps Tiger had some time to page through THE ART OF THE PUBLIC GROVEL while he was in Mississippi? Susan Wise Bauer gives Tiger even more kudos for not sounding too polished and even stumbling a bit. It humanized him. The shamefaced remorse even looked good on him.
Yes, that’s Mary Sarotte’s terrific book 1989 on display in the window of the Brussels branch of Waterstone’s. If you see a PUP book on display, snap a picture of it and send it to us.
by Kathryn Rosko | Filed in: In the News | 4:28pm EST
Princeton University Press recently published a one-volume abridgment of Joseph Frank’s award-winning, five-volume biography of Dostoevsky. Titled DOSTOEVSKY: A WRITER IN HIS TIME, this substantial volume has received some very nice accolades, including a recent review by Michael Dirda in the Wall Street Journal. We are starting to see a bit of a trend in the coverage lately, however–three reviews of the new book have appeared in major daily papers in Australia. First we saw a terrific review in The Australian by Geordie Williamson. Next we had a thoughtful review by Mark Thomas in The Canberra Times. And most recently, there was an article by Judith Armstrong in The Age. Armstrong herself has written an adaptation of Crime and Punishment for the stage… Who knew the Aussies had such a fondness for the Russian?
Featuring commentary and interviews from Princeton University Press authors, the PUP Blog is a highly respected, timely and indispensable source for learning, understanding and reflection.
Arnold writes:So, if the demand for mortgages collapses, all it takes to get back to 2006 levels is for mortgage underwriters to take a 20 percent pay cut? In a world with no discontinuities, we would not get crazy subprime lending and sudden sharp drops in demand. The no-discontinuity world is what classical economists are trained to work with. Too bad it i […]
I have taken photos of birds that are so bad, out of focus, poorly exposed, wings cut off, etc. We all have, but why would anyone keep them? I delete them, especially when I can't identify them...hah. But I have to say, there are photos I should have deleted long ago that still sit in my collection. The Cooper's Hawk photo above is one of them....i […]
That’s the title of my piece in the Fin last week. As with my previous column, Catallaxy was out with a comment long before I got around to posting here, but it seemed to me to miss the point fairly comprehensively. Ever since the first signs of the global financial crisis emerged back in 2007, […]
Arnold writes:Suppose that a bunch of mortgage underwriters get laid off. There are two possible full employment equilibria. (a) They can be instantly employed as dishwashers at 20 cents an hour. (b)They can be employed as health insurance claims processors at a salary close to what they were making as mortgage underwriters. The reason that we don't obs […]
Kevin Outterson writes of “Hand Sanitizers as Agent Orange”: Over at CommonHealth, Aayesha rounds up the literature on the limits of hand sanitizers, but fails to mention the collateral damage to the skin microbiome. Alcohol-based hand sanitizers kill many bacteria, viruses and fungi, but they don’t selectively target pathogens. They kill a wide swath of [.. […]
1. Via Chris F. Masse, alligator eats capitalist. 2. Pizza topping mark-ups. 3. Markets in everything the culture that is Japan. 4. Trade Diversion economics blog. 5. Symposium on how to fix the housing market, including me. […]
Why are cell phone taxes so high? In the United States we tax cell phones more than beer. The usual explanations for high taxes, negative externalities and low elasticity of demand don’t seem to apply to cell phones. Our colleagues Thomas Stratmann and Matt Mitchell offer an answer based in political economy. …no single politician […]
Next week, I'm going to debate Modeled Behavior's Karl Smith on "How Deserving Are the Poor?" Logistics:Date: Wednesday, February 1Time: 6:00-9:00 PMLocation: Johnson Center Meeting Room A, George Mason University (Fairfax Campus)My strategy, as usual, is to use an uncontroversial moral premise to show that the status quo is absurd. The […]
There has been an increasing discussion about the proliferation of flawed research in psychology and medicine, with some landmark events being John Ioannides’s article, “Why most published research findings are false” (according to Google Scholar, cited 973 times since its appearance in 2005), the scandals of Marc Hauser and Diederik Stapel, two leading psyc […]
Justin Wolfers writes: Predictably enough, I spent yesterday reading lefty blogs trumpeting Corak’s analysis, and right-leaning blogs who didn’t want to believe the inequality-mobility link, endorsing Winship. But both missed the bigger picture implications. Either you’re convinced by Corak that the data can be trusted, and that they show there’s a strong li […]