Spring break reading list

Here is what we are reading over our spring break:

1. Peter Thiel (with Blake Masters), Zero to one: notes on startups, or how to build the future. We teach business law and are currently writing several chapters of a textbook on “startup law” for the Chicago Business Press, so Thiel’s book is a must-read for us.

2. Nathan Oman, The dignity of commerce: markets and the moral foundations of contract law. This tome can be summed up in four words: “Shylock, meet Adam Smith.” In other words, this beautiful book addresses some fascinating philosophical questions, such as: why does the law enforce (some) promises, and how do markets end up promoting morality? P.S.: We will be blogging about this book in the days to come.

3. Jane Jacobs, Systems of survival: a dialogue on the moral foundations of commerce and politics. This book received some negative reviews (such as this particularly ill-informed and nasty one) when it was first published in 1993, but in our view Jacobs’s thesis is essentially correct. That is, aside from panhandling, there are two ways you can make a living: you can either trade or take.

4. Louise Harmon & Deborah Post, Cultivating intelligence: power, law, and the politics of teaching. At bottom this book, which is billed as the “post-modern version of The Paper Chase,” explores a key question in legal education: is law school just a trade school, or is law school really about the larger world of ideas? (We met Professor Post at a conference in Los Angeles recently, so we are especially looking forward to this read.)

5. Richard Dawkins, Brief candle in the dark: my life in science. This is the second volume of Dawkins’s memoirs. (Will there be more installments, or is Professor Dawkins done for now?) Although we reject Dawkins’s gratuitous and ungracious anti-Islamic asides, we strongly recommend the chapter on “evolutionary economics.”

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Come read books with us!

Posted in Academia, Bayesian Reasoning, Economics, Ethics, Law | 2 Comments

Happy Daylight Saving Time Day

Not! (Hey, if we can’t get our corrupt and lazy lawmakers to end daylight saving time, then at the very least let’s change the name of Daylight Saving Time Day to “Path Dependence Day.” In the meantime, can you think of any other examples of path dependence?)

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Photo credit: Hannah Jane DeCiutiis

Posted in Bayesian Reasoning, History | 2 Comments

Sara Berman’s closet

Among other things, the Metropolitan Museum of Art features 21 period rooms in its American Wing, ranging from a 17th-century colonial interior to an enormous Prairie-style living room by Frank Lloyd Wright, but as Penelope Green reports, “the newest addition [to the Met] … is an unexpected meditation on modern city life: a modest closet from a studio apartment in the West Village, filled with the curious, lovely, and very particular personal effects of Sara Berman, a Belarussian and Israeli émigré …” According to the Met, the artists Maira and Alex Kalman (who are also Berman’s daughter and grandson), inspired by the beauty and simplicity of Berman’s closet, have recreated her closet and its contents as an art installation.

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Curious carvings

How do you like them apples? These curious carvings were created by Gaku, an imaginative and inventive Japanese artist whose canvas consists of perishable fruits and vegetables. (Hat tip: Kottke.)

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Taxing robots (Pigovian beard tax edition)

Microsoft billionaire and quasi-monopolist Bill Gates recently proposed that we should tax robots. But should we really tax robots? Why not impose a tax on every line of computer code instead? Or why not tax computer programmers who sport beards? Via Wikipedia: “In 1698, Peter I of Russia instituted a beard tax to bring Russian society in line with Western European models. [1] To enforce the ban on beards, the tsar empowered police to forcibly and publicly shave those who refused to pay the tax. [2] Resistance to going clean shaven was widespread, with many believing that it was a religious requirement for a man to wear a beard. [3] The tax levied depended upon the status of the bearded man: Those associated with the Imperial Court, military, or government were charged 60 rubles annually; wealthy merchants were charged 100 rubles per year while other merchants, and townsfolk were charged 60 rubles per year; Muscovites were charged 30 rubles per year; and peasants were charged two half-kopeks every time they entered a city. [4]” Notice the “progressive” nature of this old Russian beard tax. (The footnotes are below the fold.)

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Save me from Bill Gates…

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Posted in Current Affairs, Economics, Politics, Web/Tech | Leave a comment

Role reversal experiment: what if The Donald were a Donalda?

He would have still won the election! Maria Guadalupe and Joe Salvatore, professors at NYU, conducted an ingenious experiment (see video below) and found some surprising results. Happy International Women’s Day and be sure to check out the video below (hat tip: Alex Tabarrok) for a demonstration of Professors Guadalupe and Salvatore role-reversal experiment:

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The longest highway in the world

You can read more about the Pan American Highway here.

The Pan American Highway: The Longest Road In The World

Source: brilliantmaps.com

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Ancient probability

Although modern probability theory dates to the 1600s, our ancestors have been playing games of chance for a very long time. Via the amazing Cliff Pickover, for example, check out this ancient die (circa 2500 B.C.) from the Indus Valley Civilization. (Photo Credit: Lahore Museum in Lahore, Pakistan.)

The Lucky Five?

Posted in Culture, Games, History, Probability | 1 Comment

Class No. 8 (the ghost of Napster)

Have you ever downloaded copyrighted content from the Internet or shared your Netflix password with a friend? We sure have! In our next class, we will debate the law and ethics of copyright infringement and discuss how the law attempts to balance “fair use” (or sharing) with property rights in the domain of copyrights. In particular, we will focus on two cases: The Sony Betamax Case (decided in the mid-1980s) as well as Metallica v. Napster (decided in the early 2000s). In summary, before Sean Parker discovered Facebook, he had co-founded a company called Napster in 1999, a peer-to-peer file-sharing website that allowed users to share MP3 music files with each other. Napster became an instant success; according to Wikipedia, “verified Napster use peaked with 26.4 million users worldwide in February 2001.” The rock group Metallica, however, wasted no time in filing a federal lawsuit for copyright infringement against Napster, and the courts eventually issued an injunction shutting down the website … But did the court make the correct decision, and on what legal grounds did the court issue this draconian remedy, i.e. the injunction shutting down Napster?

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Artist in Chief

Have you seen fugitive war criminal George W. Bush’s collection of oil paintings of veterans? (See fragment below.) These remarkable portraits are assembled in his new book Portraits of Courage: A Commander in Chief’s Tribute to America’s Warriors. This series of portraits got me thinking … Just as the Library of Congress appoints a United States Poet Laureate, who serves as the nation’s official poet for a designated term, why don’t we also create a space for an Artist Laureate, a Movie Director Laureate, or even a Blogger Laureate as well?

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Posted in Art, Bayesian Reasoning, Uncategorized | Leave a comment