11 Comments

I am reading Slouching now.

Five stars. Would read again.

Seriously, it really is excellent. Well done, Brad.

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I was disappointed my review on Marginal Revolution wasn't featured here. On another note, John Gray will be talking with Tyler Cohen on Civic Future.

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It's also interesting that the audiobook is doing so well, since the hardback is so in your voice that it might as well be an audiobook. Reading it, I couldn't get your twang out of my head.

But the "economics" best seller lists are hilarious. Of your fellow-best-selling-travelers, I've only Graham (many years ago, when there still was such a things as value investing) and and some snippets of Tzu. Besides you, the only actual economist on the list that I recognize is Hassett, who (to break my no ad-hominem remarks) has always struck me as a hack. Your book is quite an upgrade to this outfit!

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Slouching is a great book. I'm still digesting it. Things I would like to read more about now after having read it:

1. A discussion of the history of the corporate laboratory. The examples in the book are the ones you might think of, GE, Westinghouse. What are the other less well known but probably well run labs? Where are the management innovations where the corporations figured out which research to develop further.

2. The university-government-corporate research partnerships. Iowa State develops the world's first digital computer (https://www.ece.iastate.edu/the-department/history/history-of-computing/), Blue Cheese, purified the uranium that went into the atomic bombs of the Manhattan project...this seems to me particularly American if not in first-mover, at least in scale. We do this in a large way here and in fact patents are a big part of university production. How does that fit in?

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You asked about the books on the two Amazon lists and which ones we have read. I've read non only Ben Graham's summary book but each of the major editions of Security Analysis (which explains why in retirement, I don't have to be a Wal-Mart greeter), Sun Tzu,, one of the Dalio books which I felt explained very little and his ranking might only be a result of incessant promotion on LinkedIn, and of course Slouching.

That's it. I don't tend to read pop books on economics. I would recommend the book I'm reading right now, "How Minds Change" by David McRamey. He reinforces what I learned some years ago, it takes a great deal of effort to change peoples minds when they have deeply ingrained opinions. We all need to become experts in 'Deep Canvassing' - https://en.wikipedia.org/wiki/Deep_canvassing -- It will only become way more important this Wednesday!!

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