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Cynicism

THE NEW RULES OF ECONOMICS

An entertaining, cynical critique of cynicism, mostly worth reading for its comedy and brevity.

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A brief indictment of what debut author and illustrator Stevenson sees as the global economy’s endemic corruption.

Judging by the current U.S. election season, we’re living in an age of extraordinary discontent, especially regarding the state of the economy. Populist outrage isn’t merely the consequence of economic stagnation or a deficit of opportunity, but also due to an increasingly widespread perception that the system is fatally rigged to benefit a few at the expense of the many. Stevenson offers a tutorial on the history of evolving crookedness from the perspective of “a ranking member of the cynical elite,” essentially confessing to his own complicity in producing inequitability. The confessor divides economic history into four periods: feudalism, mercantilism, capitalism, and cynicism. In the first stage, he says, regnant kings composed the rules without any other aim than the satisfaction of their own interests. However, this enraged the business community, which eventually revolted and rewrote the rules in order to benefit themselves; this period Stevenson calls mercantilism. The success of mercantilism and the expansion of key markets, he says, led to capitalism, featuring rules written to provide crucial advantages to private enterprise. However, even though this system, at least in its original incarnation, ended up producing a more expansive roster of winners, many were still disenfranchised, Stevenson notes. Out of capitalism, he continues, comes the current age, cynicism, in which a surfeit of capital and the fear of dimming prospects inspired the robber barons of business to rewrite the rules yet again. Much of the book is devoted to candidly explaining these new rules, which amount to various kinds of mountebankery, rhetorical manipulation, and exploitation. The whole work also features cartoonish, consistently hilarious illustrations. The book is dotted with cheeky, wryly delivered advice, sure to please readers whether they share the author’s cynicism or not: “Remember kid, if you borrow enough money it’s the lender that has the problem.” However, this short, unremittingly (and admittedly) pessimistic book provides nothing new or particularly rigorous for readers interested in understanding our current economic doldrums; it’s more a complaint than a lesson. It’s a very funny complaint, delivered with style, but one without nuance or disciplined scrupulousness.

An entertaining, cynical critique of cynicism, mostly worth reading for its comedy and brevity.

Pub Date: April 25, 2016

ISBN: N/A

Page Count: -

Publisher: CreateSpace

Review Posted Online: May 28, 2016

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KILLERS OF THE FLOWER MOON

THE OSAGE MURDERS AND THE BIRTH OF THE FBI

Dogged original research and superb narrative skills come together in this gripping account of pitiless evil.

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Greed, depravity, and serial murder in 1920s Oklahoma.

During that time, enrolled members of the Osage Indian nation were among the wealthiest people per capita in the world. The rich oil fields beneath their reservation brought millions of dollars into the tribe annually, distributed to tribal members holding "headrights" that could not be bought or sold but only inherited. This vast wealth attracted the attention of unscrupulous whites who found ways to divert it to themselves by marrying Osage women or by having Osage declared legally incompetent so the whites could fleece them through the administration of their estates. For some, however, these deceptive tactics were not enough, and a plague of violent death—by shooting, poison, orchestrated automobile accident, and bombing—began to decimate the Osage in what they came to call the "Reign of Terror." Corrupt and incompetent law enforcement and judicial systems ensured that the perpetrators were never found or punished until the young J. Edgar Hoover saw cracking these cases as a means of burnishing the reputation of the newly professionalized FBI. Bestselling New Yorker staff writer Grann (The Devil and Sherlock Holmes: Tales of Murder, Madness, and Obsession, 2010, etc.) follows Special Agent Tom White and his assistants as they track the killers of one extended Osage family through a closed local culture of greed, bigotry, and lies in pursuit of protection for the survivors and justice for the dead. But he doesn't stop there; relying almost entirely on primary and unpublished sources, the author goes on to expose a web of conspiracy and corruption that extended far wider than even the FBI ever suspected. This page-turner surges forward with the pacing of a true-crime thriller, elevated by Grann's crisp and evocative prose and enhanced by dozens of period photographs.

Dogged original research and superb narrative skills come together in this gripping account of pitiless evil.

Pub Date: April 18, 2017

ISBN: 978-0-385-53424-6

Page Count: 352

Publisher: Doubleday

Review Posted Online: Feb. 1, 2017

Kirkus Reviews Issue: Feb. 15, 2017

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THINKING, FAST AND SLOW

Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our...

A psychologist and Nobel Prize winner summarizes and synthesizes the recent decades of research on intuition and systematic thinking.

The author of several scholarly texts, Kahneman (Emeritus Psychology and Public Affairs/Princeton Univ.) now offers general readers not just the findings of psychological research but also a better understanding of how research questions arise and how scholars systematically frame and answer them. He begins with the distinction between System 1 and System 2 mental operations, the former referring to quick, automatic thought, the latter to more effortful, overt thinking. We rely heavily, writes, on System 1, resorting to the higher-energy System 2 only when we need or want to. Kahneman continually refers to System 2 as “lazy”: We don’t want to think rigorously about something. The author then explores the nuances of our two-system minds, showing how they perform in various situations. Psychological experiments have repeatedly revealed that our intuitions are generally wrong, that our assessments are based on biases and that our System 1 hates doubt and despises ambiguity. Kahneman largely avoids jargon; when he does use some (“heuristics,” for example), he argues that such terms really ought to join our everyday vocabulary. He reviews many fundamental concepts in psychology and statistics (regression to the mean, the narrative fallacy, the optimistic bias), showing how they relate to his overall concerns about how we think and why we make the decisions that we do. Some of the later chapters (dealing with risk-taking and statistics and probabilities) are denser than others (some readers may resent such demands on System 2!), but the passages that deal with the economic and political implications of the research are gripping.

Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our minds.

Pub Date: Nov. 1, 2011

ISBN: 978-0-374-27563-1

Page Count: 512

Publisher: Farrar, Straus and Giroux

Review Posted Online: Sept. 3, 2011

Kirkus Reviews Issue: Sept. 15, 2011

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