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robertogreco : johnmaynardkeynes   6

A Field Guide to 'jobs that don't exist yet' - Long View on Education
"Perhaps most importantly, the Future of Jobs relies on the perspective of CEOs to suggest that Capital has lacked input into the shape and direction of education. Ironically, the first person I found to make the claim about the future of jobs – Devereux C. Josephs – was both Businessman of the Year (1958) and the chair of Eisenhower’s President’s Committee on Education Beyond High School. More tellingly, in his historical context, Josephs was able to imagine a more equitable future where we shared in prosperity rather than competed against the world’s underprivileged on a ‘flat’ field.

The Political Shift that Happened

While the claim is often presented as a new and alarming fact or prediction about the future, Devereux C. Josephs said much the same in 1957 during a Conference on the American High School at the University of Chicago on October 28, less than a month after the Soviets launched Sputnik. If Friedman and his ‘flat’ earth followers were writing then, they would have been up in arms about the technological superiority of the Soviets, just like they now raise the alarm about the rise of India and China. Josephs was a past president of the Carnegie Corporation, and at the time served as Chairman of the Board of the New York Life Insurance Company.

While critics of the American education system erupted after the launch of Sputnik with calls to go back to basics, much as they would again decades later with A Nation at Risk (1983), Josephs was instead a “besieged defender” of education according to Okhee Lee and Michael Salwen. Here’s how Joseph’s talked about the future of work:
“We are too much inclined to think of careers and opportunities as if the oncoming generations were growing up to fill the jobs that are now held by their seniors. This is not true. Our young people will fill many jobs that do not now exist. They will invent products that will need new skills. Old-fashioned mercantilism and the nineteenth-century theory in which one man’s gain was another man’s loss, are being replaced by a dynamism in which the new ideas of a lot of people become the gains for many, many more.”4

Josephs’ claim brims with optimism about a new future, striking a tone which contrasts sharply with the Shift Happens video and its competitive fear of The Other and decline of Empire. We must recognize this shift that happens between then and now as an erasure of politics – a deletion of the opportunity to make a choice about how the abundant wealth created by automation – and perhaps more often by offshoring to cheap labor – would be shared.

The agentless construction in the Shift Happens version – “technologies that haven’t been invented yet” – contrasts with Josephs’ vision where today’s youth invent those technologies. More importantly, Josephs imagines a more equitable socio-technical future, marked not by competition, but where gains are shared. It should go without saying that this has not come to pass. As productivity shot up since the 1950’s, worker compensation has stagnated since around 1973.

In other words, the problem is not that Capital lacks a say in education, but that corporations and the 0.1% are reaping all the rewards and need to explain why. Too often, this explanation comes in the form of the zombie idea of a ‘skills gap’, which persists though it keeps being debunked. What else are CEOs going to say – and the skills gap is almost always based on an opinion survey  – when they are asked to explain stagnating wages?5

Josephs’ essay echoes John Maynard Keynes’ (1930) in his hope that the “average family” by 1977 “may take some of the [economic] gain in the form of leisure”; the dynamism of new ideas should have created gains for ‘many, many more’ people. Instead, the compensation for CEOs soared as the profit was privatized even though most of the risk for innovation was socialized by US government investment through programs such as DARPA.6"

"Audrey Watters has written about how futurists and gurus have figured out that “The best way to invent the future is to issue a press release.” Proponents of the ‘skills agenda’ like the OECD have essentially figured out how to make “the political more pedagogical”, to borrow a phrase from Henry Giroux. In their book, Most Likely to Succeed, Tony Wagner and billionaire Ted Dintersmith warn us that “if you can’t invent (and reinvent) your own job and distinctive competencies, you risk chronic underemployment.” Their movie, of the same title, repeats the hollow claim about ‘jobs that haven’t been invented yet’. Ironically, though Wagner tells us that “knowledge today is a free commodity”, you can only see the film in private screenings.

I don’t want to idealize Josephs, but revisiting his context helps us understand something about the debate about education and the future, not because he was a radical in his times, but because our times are radical.

In an interview at CUNY (2015), Gillian Tett asks Jeffrey Sachs and Paul Krugman what policy initiatives they would propose to deal with globalization, technology, and inequality.9 After Sachs and Krugman propose regulating finance, expanding aid to disadvantaged children, creating a robust social safety net, reforming the tax system to eliminate privilege for the 0.1%, redistributing profits, raising wages, and strengthening the position of labor, Tett recounts a story:
“Back in January I actually moderated quite a similar event in Davos with a group of CEOs and general luminaries very much not just the 1% but probably the 0.1% and I asked them the same question. And what they came back with was education, education, and a bit of digital inclusion.”

Krugman, slightly lost for words, replies: “Arguing that education is the thing is … Gosh… That’s so 1990s… even then it wasn’t really true.”

For CEOs and futurists who say that disruption is the answer to practically everything, arguing that the answer lies in education and skills is actually the least disruptive response to the problems we face. Krugman argues that education emerges as the popular answer because “It’s not intrusive. It doesn’t require that we have higher taxes. It doesn’t require that CEOs have to deal with unions again.” Sachs adds, “Obviously, it’s the easy answer for that group [the 0.1%].”

The kind of complex thinking we deserve about education won’t come in factoids or bullet-point lists of skills of the future. In fact, that kind of complex thinking is already out there, waiting."

"Stay tuned for the tangled history of the claim if you're into that sort of thing..."
benjamindoxtdator  2017  inequality  education  credentialing  productivity  economics  society  statistics  audreywatters  billclinton  democrats  neoliberalism  latecapitalism  capitalism  johndewey  andreasschleicher  kerifacer  lindadarling-hammond  worldeconomicforum  oecd  labor  work  futurism  future  scottmcleod  karlfisch  richardriley  ianjukes  freetrade  competition  andrewold  michaelberman  thomasfriedman  devereuxjosephs  anationatrisk  sputnik  coldwar  okheelee  michaelsalwen  ussr  sovietunion  fear  india  china  russia  johnmaynardkeynes  leisure  robots  robotics  rodneybrooks  doughenwood  jobs  cwrightmills  henrygiroux  paulkrugman  gilliantett  jeffreysachs  policy  politics  globalization  technology  schools  curriculum  teddintersmith  tonywagner  mostlikelytosuccess  success  pedagogy  cathydavidson  jimcarroll  edtech 
july 2017 by robertogreco
Final Boss Form: An Incomplete List of Interesting Books about Economics
"Here are the three most important books in forming my own worldview on economics.

• Debt: The First 5,000 Years by David Graeber. Before there was money, there was debt. This makes this book a great place to start. One of my favorite books of the last decade.

• The Death and Life of Great American Cities, The Economy of Cities, Cities and the Wealth of Nations, and The Nature of Economies by Jane Jacobs. Jane Jacobs was not a traditional economist but her work in understanding how cities operate made me see economies not as a product of nations but as the result of the activity within cities and regions. ‘Death and Life’ and ‘The Economy of Cities’ are so important to me that I gift them to people like missionaries hand out bibles. Here’s a nice writeup of two of her books.

• Civilization and Capitalism (Vol. 1-3) by Fernand Braudel.The single most important book in getting me to understand the connection between capitalism, markets, and everyday life. It also introduced me to the Annales School which is full of interesting ideas. Note: this one is loooooooooong and it took me years to read all three volumes (ok tbh, I’ve read two and half volumes.)

If I were to start reading from scratch, I would start with one or more of these books as an intro. They’re clever and fun and great texts for getting your bearings.

• Naked Economics: Undressing the Dismal Science by Charles Wheelan. A good introduction to general concepts in economics through fantastic storytelling. Check out socoftw's outline of the book here.

• The Little Book of Economics: How the Economy Works in The Real World by Greg Ip. Nice primer. Some bits are a little too FREE MARKET RULEZ! for me but it was also a really good book for me to read. I recommend it because I was able to leap tall-ish articles in a single read after this book.

• The Undercover Economist by Tim Harford. This is the book that explains why your cup of Starbucks costs what it does (among other things.)

These books are a good place to begin thinking critically about conventional economic theory.

• Freakonomics: A Rogue Economist Explores the Hidden Side of Everything by Steven Levitt and Stephen Dubner. A clever look at conventional wisdom in economics. Also just a fun read. Also available as an excellent blog, podcast, and twitter feed.

• Thinking Fast and Slow by Daniel Kahneman. A summary of three decades of Kahneman’s work in understanding individual behavior in markets. Questions a lot of the “rational behavior” assumptions of neoclassical economics.

• How to Lie with Statistics by Darrell Huff. Statistics are stories told to people as “facts.” Considering how many economic decisions are made based on statistics, it’s important background to know. This book is a classic. (Speaking of facts: I got introduced to this book in high school by none other than George Gallup Jr.)

• The Surprising Design of Market Economies by Alex Marshall. The government builds our markets through property law, taxation, and infrastructure and yet our political conversations purposefully ignore this. This would be lolworthy if not for, you know, people making really bad policy decisions that affect the rest of us.

Okay, now that I’m into this, I want to dive a bit deeper.

• An Engine, Not a Camera by Donald Mackenzie. Finance theory doesn’t exist separate from the economy. By creating a theory of markets, you alter the fate of those markets over and over again.

• Development as Freedom by Amartya Sen. Economic development shouldn’t be seen merely an increase in basic income but as an increase in personal freedom, political freedom, opportunity (including credit), and social security. (Excerpt here.)

• The Work of Nations by Robert Reich. How do you value labor over wealth and reconfigure a workforce for a globalized economy? (I’d also follow his tumblr)

• Capitalism: Its Origins and Evolution as a System of Governance by Bruce R. Scott. A comprehensive look at capitalism and market economies. (Note: this book is sitting on my shelf but I haven’t read it yet.)

These are the books that reflect my current interest in heterodox economics and economic dynamics.

• Capital and Affects: The Politics of the Language Economy by Christian Marazzi. This book was a good introduction to “postfordism” which is a funny word for what comes after an age of industrial, mass market production.

• The Science of Passionate Interests: An Introduction to Gabriel Tarde’s Economic Anthropology by Bruno Latour & Vincent Antonin Lépinay. How do you measure economics not solely in terms of money but as an intensification of passionate interests?

• The Atlas of Economic Complexity by Ricardo Hausmann, CA Hidalgo, et al. Can you predict economic growth based on a measure of “productive” knowledge? Read an overview of the Atlas here. Peep all of the visualizations here and here. (Beware: charts are a highly evolved form of statistics.)

• Complex Economics: Individual and Collective Rationality by Alan Kirman. We make lots of assumptions in our current economic models: rationality, independence, and impersonal interactions. These aren’t based in any mathematical or market truths — they’re just formalisms. So what happens if the purpose of economics wasn’t efficiency but coordination? (Note: this is another book that is sitting on my shelf but I haven’t read it yet.)

Reading Important Old Theorists Is Important Because Everybody Interprets Their Words For Their Own Ends.

• The Wealth of Nations by Adam Smith. I suggest reading the whole thing but also understand if you can’t — it’s a long ass book written for an audience from 200 years ago. In that case, the Wikipedia article is a decent summary as long as you follow the links.

• Capital, Vol 1-3 by Karl Marx. I’ve only read Volume 1. Friedrich Engels’ synopsis is a great overview of the basics. The WP article is also a good primer.

• Capitalism and Freedom by Milton Friedman. I would suggest reading the Wikipedia article about him.

• The General Theory of Employment, Interest and Money by John Maynard Keynes. Oh, so this is where macroeconomic theory comes from.

Oh yeah, these books are good too.

• Principles of Economics by Greg Mankiw. This is a good 101 read but it’s also an overpriced textbook so look for a used earlier edition that only costs $20 or so. Also browse Greg Mankiw’s blog here.

• The Ascent of Money: A Financial History of the World by Niall Ferguson. You can also watch the PBS series based on the book here"
books  booklists  economics  2014  kenyattacheese  capitalism  davidgraeber  janejacobs  fernandbraudel  annalesschool  charleswheelan  gregip  timharford  stevenlevitt  stphendubner  danielkahneman  darrellhuff  statistics  alexmarshall  donaldmackenzie  amartyasen  robertreich  brucescott  christianmarazzi  gabrieltarde  brunolatour  vincentantoninlépinay  ricardohausmann  cahidalgo  alankirman  adamsmith  karlmarx  miltonfriedman  johnmaynardkeynes  gregmankiw  niallferguson 
december 2014 by robertogreco
Get Happy!! | The Nation
"For Margaret Thatcher as for today’s happiness industry, there is no such thing as society."

"Whether such discontent is more intense or pervasive now than it was fifty or 150 years ago is an unanswerable question. “There have been periods happier and others more desperate than ours,” the conservative cultural critic Ernest van den Haag observed in 1956. “But we don’t know which.” Samuel Beckett put the matter more sweepingly and poetically: “The tears of the world are a constant quantity,” he wrote, and “the same is true of the laugh.” But while it is impossible to chart the ebb and flow of emotions historically, to identify some epochs as happier or sadder than others, it is possible to explore the ways that dominant notions of happiness reflect the changing needs and desires of the culturally powerful at various historical moments. One can write the history of ideas about happiness, if not of happiness itself.

And that is another reason the current spate of happiness manuals is so depressing: their ideas of happiness embody the conventional wisdom of our time, which can best be characterized as scientism—a concept not to be confused with science, as Steven Pinker did in a recent New Republic polemic that attempted to bridge the seeming divide between the humanities and the sciences. The vast majority of practicing scientists (except for a few propagandists like Pinker) probably do not embrace scientism, but it is the idiom journalists use to popularize scientific findings for a nonscientific audience. It is not, to be sure, an outlook based on the scientific method—the patient weighing of experimental results, the reframing of questions in response to contrary evidence, the willingness to live with epistemological uncertainty. Quite the contrary: scientism is a revival of the nineteenth-century positivist faith that a reified “science” has discovered (or is about to discover) all the important truths about human life. Precise measurement and rigorous calculation, in this view, are the basis for finally settling enduring metaphysical and moral controversies—explaining consciousness and choice, replacing ambiguity with certainty. The most problematic applications of scientism have usually arisen in the behavioral sciences, where the varieties and perversities of experience have often been reduced to quantitative data that are alleged to reveal an enduring “human nature.”

The scientism on display in the happiness manuals offers a strikingly vacuous worldview, one devoid of history, culture or political economy. Its chief method is self-reported survey research; its twin conceptual pillars are pop evolutionary psychology, based on just-so stories about what human life was like on the African savannah 100,000 years ago, and pop neuroscience, based on sweeping, unsubstantiated claims about brain function gleaned from fragments of contemporary research. The worldview of the happiness manuals, like that in other self-help literature, epitomizes “the triumph of the therapeutic” described some decades ago by the sociologist Philip Rieff: the creation of a world where all overarching structures of meaning have collapsed, and there is “nothing at stake beyond a manipulatable sense of well-being.” With good reason, Rieff attributed the triumph of the therapeutic to the shrinking authority of Christianity in the West. But because he did not see the connections between therapeutic and capitalist worldviews, he could not foresee their convergence in late twentieth-century neoliberalism. For Margaret Thatcher as for the happiness industry, “There is no such thing as society.” There are only individuals, regulating their inner and outer lives in order to sustain and increase personal satisfaction."

"In the Skidelskys’ vision of the good society, noncoercive paternalism would be balanced by localism. The state would bear responsibility for promoting basic goods, would ensure that the fruits of productivity are shared more evenly, and would reduce the pressure to consume—perhaps through a progressive expenditure tax like the one proposed by the economist Robert Frank. This would restrain what he calls the “runaway spending at the top,” which belies the myth that the 1 percent is the “investing class” and has “spawned a luxury fever,” Frank writes, that “has us all in its grip.” To that same end—the dampening of consumption—the Skidelskys propose eliminating advertising as a deductible business expense. They are also refreshingly resistant to free-market globaloney. The good life, they make clear, is not (and cannot be) dependent on globalization: “Developed countries will have to rely more on domestic sources of production to satisfy their needs; developing market economies will need to abandon export-growth models that rely on ever-increasing consumption demand in developed countries.” Scaling back consumption means scaling down international trade. This is not an ascetic agenda—the charge so often leveled against critics of consumer culture, as if consumption is the only imaginable form of leisure. On the contrary: How Much Is Enough? is an effort to imagine possibilities for a satisfying life beyond market discipline.

The Skidelskys want to revive a more capacious sense of leisure, and they conclude their book by underscoring the material basis for it: a “long-term decrease in the demand for labor resulting from continuous improvements in labor productivity.” This has already happened, but the fruits of increased productivity have gone to CEOs and shareholders. Were those gains to be redirected to the workers themselves, the results would be startling: reductions in working hours, early retirements, experiments in work sharing, the thirty-five-hour week and the like. Who knows? People might even be happier.

This vision is timely, a crucial contribution to contemporary political debate. But what gives it arresting force is the commitment behind it. The Skidelskys deploy a tone of moral seriousness that few on the left seem willing to risk today—at least with respect to imagining the good life. Moral seriousness is always a tricky business; no one likes a scold. But after all the Skidelskys’ apt examples and patient arguments, they have established the authority to make this claim: “At the core of our system is a moral decay that is tolerated only because the cleansing of its Augean stables is too traumatic to contemplate.” How Much Is Enough? gets it right. Reading its bracing criticism and humane proposals, I felt a sense, however fleeting, of real happiness."
happiness  culture  stevenpinker  science  scientism  evolutionarypsychology  psychology  self-help  jacksonlears  neuroscience  via:annegalloway  chance  gameoflife  miltonbradley  christianity  individualism  history  capitalism  consumerism  materialism  society  well-being  leisure  labor  localism  socialdemocracy  neoliberalism  shimonedelman  oliverburkeman  robertskidelsky  edwardskidelsky  sonjalyubomirsky  christopherpeterson  jilllepore  cliffordgeetz  money  self-betterment  johnmaynardkeynes  socialism  policy  government  morality  adamsmith  marxism  karlmarx  pleasure  relationships  humans  humanism 
november 2013 by robertogreco
Hyperemployment, or the Exhausting Work of the Technology User - Ian Bogost - The Atlantic
"Feeling overwhelmed online? Maybe it’s because you’re working dozens of jobs"

"When critics engage with the demands of online services via labor, they often cite exploitation as a simple explanation. It’s a sentiment that even has its own aphorism: “If you’re not paying for the product, you are the product.” The idea is that all the information you provide to Google and Facebook, all the content you create for Tumblr and Instagram enable the primary businesses of such companies, which amounts to aggregating and reselling your data or access to it. In addition to the revenues extracted from ad sales, tech companies like YouTube and Instagram also managed to leverage the speculative value of your data-and-attention into billion-dollar buyouts. Tech companies are using you, and they’re giving precious little back in return.

While often true, this phenomenon is not fundamentally new to online life. We get network television for free in exchange for the attention we devote to ads that interrupt our shows. We receive “discounts” on grocery store staples in exchange for allowing Kroger or Safeway to aggregate and sell our shopping data. Meanwhile, the companies we do pay directly as customers often treat us with disregard at best, abuse at worst (just think about your cable provider or your bank). Of course, we shouldn’t just accept online commercial exploitation just because exploitation in general has been around for ages. Rather, we should acknowledge that exploitation only partly explains today’s anxiety with online services.

Hyperemployment offers a subtly different way to characterize all the tiny effort we contribute to Facebook and Instagram and the like. It’s not just that we’ve been duped into contributing free value to technology companies (although that’s also true), but that we’ve tacitly agreed to work unpaid jobs for all these companies. And even calling them “unpaid” is slightly unfair, since we do get something back from these services, even if they often take more than they give. Rather than just being exploited or duped, we’ve been hyperemployed. We do tiny bits of work for Google, for Tumblr, for Twitter, all day and every day.

Today, everyone’s a hustler. But now we’re not even just hustling for ourselves or our bosses, but for so many other, unseen bosses. For accounts payable and for marketing; for the Girl Scouts and the Youth Choir; for Facebook and for Google; for our friends via their Kickstarters and their Etsy shops; for Twitter, which just converted years of tiny, aggregated work acts into $78 of fungible value per user.

Even if there is more than a modicum of exploitation at work in the hyperemployment economy, the despair and overwhelm of online life doesn’t derive from that exploitation—not directly anyway. Rather, it’s a type of exhaustion cut of the same sort that afflicts the underemployed as well, like the single mother working two part-time service jobs with no benefits, or the PhD working three contingent teaching gigs at three different regional colleges to scrape together a still insufficient income. The economic impact of hyperemployment is obviously different from that of underemployment, but some of the same emotional toll imbues both: a sense of inundation, of being trounced by demands whose completion yields only their continuance, and a feeling of resignation that any other scenario is likely or even possible. The only difference between the despair of hyperemployment and that of un- or under-employment is that the latter at least acknowledges itself as an substandard condition, while the former celebrates the hyperemployed’s purported freedom to “share” and “connect,” to do business more easily and effectively by doing jobs once left for others competence and compensation, from the convenience of your car or toilet.

Staring down the barrel of Keynes’s 2030 target for the arrival of universal leisure, economists have often considered why Keynes seems to have been so wrong. The inflation of relative needs is one explanation—the arms race for better and more stuff and status. The ever-increasing wealth gap, on the rise since the anti-Keynes, supply-side 1980s is another. But what if Keynes was right, too, in a way. Even if productivity has increased mostly to the benefit of the wealthy, hasn’t everyone gained enormous leisure, but by replacing recreation with work rather than work with recreation? This new work doesn’t even require employment; the destitute and unemployed hyperemployed are just as common as the affluent and retired hyperemployed. Perversely, it is only then, at the labor equivalent of the techno-anarchist’s singularity, that the malaise of hyperemployment can cease. Then all time will become work time, and we will not have any memory of leisure to distract us. "
labor  2013  ianbogost  employment  economics  johnmaynardkeynes  leisurearts  work  leisure  hustling  wealth  income  incomeinequality  wealthdistribution  anxiety  hyperemployment  unemployment  time  artleisure 
november 2013 by robertogreco
BBC - BBC World Service Programmes - Business Daily, Adam Smith - Secret Socialist?
"He's often called the founder of modern economics. Some see him as the godfather of the free market. Others have viewed his work from a more socially concerned, even socialist standpoint. Business Daily takes a look at Adam Smith, the man and his legacy. Born in 1723 in Kirkcaldy in Scotland, he's been influencing economic thinking ever since the publishing of his seminal work, The Wealth of Nations. The eminent historian and economist, Tristam Hunt, guides us through Smith's life and how his ideas still have a fundamental bearing on economic and political strategies today. From Edinburgh to Vienna to Chicago to London, Hunt talks to some of the world's leading academics about Adam Smith's life and work, including Professor Iain McClean, professor of politics at Oxford university, Dr Craig Smith of St Andrew's University, Anthony Giddens from the London School of Economics and the activist and author Naomi Klein."
naomiklein  adamsmith  economics  history  capitalism  socialism  greed  policy  uk  philosophy  freemarkets  pinochet  chile  margaretthatcher  gordonbrown  friedrichvonhayek  johnmaynardkeynes 
january 2010 by robertogreco

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