Heinlein Ruins ‘The Moon Is A Harsh Mistress’ By Cheating

The Moon is a Harsh Mistress by Robert Heinlein is a classic of science fiction and has been deeply influential for generations. Many of its ideas and concepts were revolutionary for its time, such as intelligent AI and it is one of the first space colonisation novels on the Moon. It was even cited to me as a plausible example of libertarian political ideas put into practice. It starts well, introducing many intriguing ideas such as alternative forms of marriage, a society without laws, how to run a revolution and life on the moon. Unfortunately, Heinlein ruins this potential by cheating to make everything as easy as possible for the heroes. Also with sexism. Continue reading “Heinlein Ruins ‘The Moon Is A Harsh Mistress’ By Cheating”

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Balance Sheet Recession

There are many questions about this current recession. Why did the economy decline so much? Why are most economies stagnating? Why has low interest rates and quantitative easing not lead to recovery? I recently read Richard Koo’s The Holy Grail Of Macroeconomics which answers these questions. I found it deeply insightful, not only for its explanation of the current recession and the Great Depression but also because it was written before the crisis even happened. Koo accurately describes out current mess, what’s wrong and what we have to do to fix it. Continue reading “Balance Sheet Recession”

Review Of The Casual Vacancy

If you like epics, you’ll like The Casual Vacancy, author J.K. Rowling’s first book after the Harry Potter series. It is a story of a town rather than an individual. Rowling paints a broad canvass of many different intersecting lives set in a small English town. The plot revolves around the aftermath of the death of local councillor Barry Fairbrother. An election is held to fill his seat on the local parish council. It is set in a small town racked by division and conflict, between parents and children, husbands and wives, rich and poor. Then someone starts posting secrets onto the internet. . . Continue reading “Review Of The Casual Vacancy”

How Rich Countries Got Rich . . . And Why Poor Countries Stay Poor

I have just finished reading How Rich Countries Got Rich . . . And Why Poor Countries Stay Poor by Erik Reinert. The book is interesting for it engages what should be the main question of economics, why are some countries rich and other countries poor? This crucial question is woefully under researched and barely discussed in mainstream economics. I have completed two years of economics study in university without yet having heard an explanation for this phenomenon.

Reinert’s main argument is that the wealth of a nation is based upon the economic activities it specialises in. Poor countries are poor because they specialise in agriculture and the production of raw materials. This is an economic dead end as it does not allow for increases in productivity or innovation, which is how countries get rich. On the other hand, rich countries got rich by industrialising and building up a manufacturing base. Continue reading “How Rich Countries Got Rich . . . And Why Poor Countries Stay Poor”