A stimulating modern rejoinder to Joseph Schumpeter’s notion of creative destruction.
Engineer and trend-watcher Taleb builds on his best-selling hit The Black Swan (2007) to limn a world of uncertainty and chaos.
The world is a fragile place, full of surprises. Humans—and especially their markets—hate surprises in general. Small wonder, then, that we spend so much effort trying to make our buildings earthquake-proof and our computers virus-proof, that things prophylactic (no, not that) occupy so much of our thoughts. Taleb calls this “antifragility,” writing, “Just as we cannot improve health without reducing disease, or increase wealth without first decreasing losses, antifragility and fragility are degrees on a spectrum.” This being a book meant to solve big-picture problems that may or may not be real for most readers, Taleb urges that many of our efforts are misguided, if understandable. He scorns the “fragilistas” so afraid of their own shadows that they put systems into place “in which the benefits are small and visible, and the side effects potentially severe and invisible.” His current tract is meant as a corrective, and it’s mostly successful at what it aims to do, if sometimes a little daunting—readers are asked, for instance, to grapple with terms such as “apophatic,” “hormesis” and “Mithridatization,” all useful but thorny all the same. In what a college comp instructor might mark as a shift in diction, however, he throws in more familiar language: “Redundancy is not necessarily wussy; it can be extremely aggressive.” And good thing, too. Touring the landscape of uncertainty, Taleb conjures up a few first principles and praises a few models, not least of them Seneca, the great Stoic philosopher who also “happened to be the wealthiest person in the Roman Empire.” Mostly, though, the book is an accumulation of small examples and counterexamples, more suggestive than prescriptive.
A stimulating modern rejoinder to Joseph Schumpeter’s notion of creative destruction.Pub Date: Nov. 27, 2012
ISBN: 978-1-4000-6782-4
Page Count: 544
Publisher: Random House
Review Posted Online: Jan. 15, 2013
Kirkus Reviews Issue: Feb. 1, 2013
BOOK REVIEW
BOOK REVIEW
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.
“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.
It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.Pub Date: Nov. 12, 2019
ISBN: 978-1-61039-950-0
Page Count: 432
Publisher: PublicAffairs
Review Posted Online: Aug. 28, 2019
Kirkus Reviews Issue: Sept. 15, 2019
SEEN & HEARD
A very welcome instance of philosophy that can help readers live a good life.
A teacher and scholar of Buddhism offers a formally varied account of the available rewards of solitude.
“As Mother Ayahuasca takes me in her arms, I realize that last night I vomited up my attachment to Buddhism. In passing out, I died. In coming to, I was, so to speak, reborn. I no longer have to fight these battles, I repeat to myself. I am no longer a combatant in the dharma wars. It feels as if the course of my life has shifted onto another vector, like a train shunted off its familiar track onto a new trajectory.” Readers of Batchelor’s previous books (Secular Buddhism: Imagining the Dharma in an Uncertain World, 2017, etc.) will recognize in this passage the culmination of his decadeslong shift away from the religious commitments of Buddhism toward an ecumenical and homegrown philosophy of life. Writing in a variety of modes—memoir, history, collage, essay, biography, and meditation instruction—the author doesn’t argue for his approach to solitude as much as offer it for contemplation. Essentially, Batchelor implies that if you read what Buddha said here and what Montaigne said there, and if you consider something the author has noticed, and if you reflect on your own experience, you have the possibility to improve the quality of your life. For introspective readers, it’s easy to hear in this approach a direct response to Pascal’s claim that “all of humanity's problems stem from man's inability to sit quietly in a room alone.” Batchelor wants to relieve us of this inability by offering his example of how to do just that. “Solitude is an art. Mental training is needed to refine and stabilize it,” he writes. “When you practice solitude, you dedicate yourself to the care of the soul.” Whatever a soul is, the author goes a long way toward soothing it.
A very welcome instance of philosophy that can help readers live a good life.Pub Date: Feb. 18, 2020
ISBN: 978-0-300-25093-0
Page Count: 200
Publisher: Yale Univ.
Review Posted Online: Nov. 24, 2019
Kirkus Reviews Issue: Dec. 15, 2019
BOOK REVIEW
BOOK REVIEW
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