book / uses
Brothers Karamazov
“When I read Brothers Karamazov, I read it over a fairly long period of time, but the last 300 or 400 pages I read in a couple days because it’s such a page-turner.”
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book / uses
“When I read Brothers Karamazov, I read it over a fairly long period of time, but the last 300 or 400 pages I read in a couple days because it’s such a page-turner.”
book / recommends
“I recommend the book The Wondering Jew by Micah Goodman, that came out in the last few years, about what’s going on on the ground here in Israel and the amount of religious innovation that’s happening and how people who are “not religious” are connecting to Jewish text.”
app / likes
“I think people have a great thirst for face to face and I don’t think Zoom is, I love Zoom.”
other / likes
“I’m a big fan of “The Pretense of Knowledge,” his Nobel Prize acceptance speech.”
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70 transcript-backed records
01 / recommendation
“Well, she doesn’t get a lot of air time, and she isn’t written about a lot. It might have had trouble finding any kind of references to her. As you point out, she plays a very powerful, symbolic role, but she doesn’t take up a lot of pages. I mentioned the essay a minute ago, “The Sistine Madonna.” I asked ChatGPT what it was about, and it totally got it wrong. It said it was about beauty and art. It is not what it is about at all. Claude got it right exactly, which is maybe neither here nor there other than it’s good to have, sometimes, two LLMs to ask questions of. I found my reading of the book was very inconsistent. I struggled in the early pages, as I’ve mentioned, to get my momentum going. When I read Brothers Karamazov, I read it over a fairly long period of time, but the last 300 or 400 pages I read in a couple days because it’s such a page-turner. This book is not a page-turner. As I said, you might get discouraged, but I found myself more, if I may say so, engrossed in it, engrossed in a Grossman novel. There’s almost no or very little narrative suspense. We know how the Battle of Stalingrad turns out. The tide turns. I found it interesting that Novikoff, I think, is part of the lead tank group going into Ukraine. He’s very excited to reclaim Ukraine for the Soviets and take it back from the Germans. It was a slightly eerie shadow of the current moment, but I just kept going. One of my followers on Twitter . . . I apologize to you because this is such a good joke, and we’ll put a link to it in the show notes that don’t have it. But when I said, “We’re reading this book. You should get started. It’s going to air soon,” he wrote back, “I’m on page 12, and all the characters are named Stroganoff. I need more time.” The names are hard.”
02 / belief
“I think I was overwhelmed by the fact that it seems like most of it could have been written yesterday.”
03 / belief
“There is a cast, I would say perhaps five to eight central characters, as well as perhaps three to four central, major themes, so everything is kind of a fugue of characters, a fugue of plot.”
04 / belief
“In fact, supposedly as people get older — it’s not my personal experience; I’m grateful for that — but a lot of people, when they get older, just get crankier, and they get more obsessed with their obsessions, more fanatical about their fanaticisms. I think I’ve been spared that.”
05 / belief
“In that sense, I think he’s overwhelmingly, certainly, on the side of the Russians, but I don’t think he has any romance about Communism.”
06 / belief
“Obviously, we’re living in a moment where the world’s a little different, with the current situation in Israel. But I think the characters in Life and Fate obviously do feel that they are beleaguered.”
07 / uncertainty
“I don’t agree with every word of it. I don’t know if prescient is the right word, but it was eerie.”
08 / belief
“I think anyone listening to what we’ve said so far would say, “Boy, this is a depressing book.”
09 / evaluation
“He says, “The private kindness of one individual towards another, a petty, thoughtless kindness, an unwitnessed kindness, something we would call senseless kindness, a kindness outside any system of social or religious good, but if we think about it, we realize that this private, senseless, incidental kindness is, in fact, eternal.”
10 / evaluation
“I think of the man of system, the Adam Smith quote from The Theory of Moral Sentiments, this idea that if you have a view of the world that you want to impose on the chessboard of the human experience, you’re going to do some bad things.”
11 / evaluation
“The officers of the church — and here I’m talking about not any particular church but any religious dogma — they’re flawed. They’ve lost the original doctrine that inspired the believers, but the idea of giving up that doctrine is so painful to the adherents that they confess to things they didn’t do because they have to believe that the system, the church, still stands.”
12 / preference
“When I read Brothers Karamazov, I read it over a fairly long period of time, but the last 300 or 400 pages I read in a couple days because it’s such a page-turner.”
13 / recommendation
“As I’ve suggested, you may want to read this on the Kindle, which makes it a little easier to follow the characters because it’s easy to search for them if you forget who they are.”
14 / recommendation
“Then something new comes along, and you know how to deal with that because you’ve got this box; you’ve got all these great examples from the past.”
15 / evaluation
“There is some war in the book, but that is, I think, a very misleading summary of what the book’s about.”
16 / belief
“I think all of us have some utilitarian impulses in the certain cases where it’s overwhelmingly clear that too many people benefit from something, or the size of it’s so large.”
17 / belief
“There are a lot of units here where people in them can’t tell you what they’re in because they’re, I think, highly classified, highly involved in those kinds of cybersecurity issues.”
18 / belief
“I think your point about how subtitles and Netflix allowed that to reach a much wider audience than was available before — it’s really a puzzle.”
19 / belief
“I think there used to be more commercial interaction between the Palestinian population and Israel because it was more peaceful.”
20 / evaluation
“We give all of our students a stipend that covers their tuition and a good chunk of their living expenses, and as a result — in America, if that were the case — we take no money from the government; it’s all private donations.”
21 / evaluation
“Most people don’t know this — I don’t know it well, so I may embarrass myself — but people who are born within the borders of the Jewish state right now, in the borders of Israel, who are not Jewish — Arab Israelis — are full citizens.”
22 / prediction
“Thirty years ago, everybody knew that Israel was going to struggle to stay a Jewish state because birth rates were low among the Jewish population.”
23 / recommendation
“I recommend the book The Wondering Jew by Micah Goodman, that came out in the last few years, about what’s going on on the ground here in Israel and the amount of religious innovation that’s happening and how people who are “not religious” are connecting to Jewish text.”
24 / evaluation
“As religious person, I don’t like the idea that this implicit bargain that somehow the ultra-Orthodox are, what, carrying the water of the ballast — I don’t know what you would call it — anchoring the Jewishness of the country.”
25 / evaluation
“Some Americans here will talk about the freier tax, the amount of money extra you pay because you just don’t know what you’re doing here.”
26 / preference
“As for the Torah, I think the biggest thing that I felt actually wasn’t in services or reading the Bible; it’s exploring different parts of the country I hadn’t ever been to before.”
27 / evaluation
“I think there’s a lot of cohesion here that we’re not seeing — it’s a very fractious political environment here, as you know — a lot of political parties, parliamentary system, no constitution, a lot of yelling in the Knesset, the Israeli parliament. But despite all that, because of, I think, the external threat, there’s a lot of cohesion here, whether there’s an army or not.”
28 / preference
“It’s about travel adventures, a sense of home, a very reliable wife who’s come with me for this adventure. And I’ve been writing about it recently for my next book — Penelope’s decision and dealing with the absence of her husband, but the idea of that book, which I think is just one of my favorite books, The Odyssey, is the idea that home pulls you.”
29 / belief
“I think the stir crazy aspect of this … Now you’re right, you suggested earlier that after six weeks, this might feel differently than it does now.”
30 / belief
“I’ve talked endlessly now on EconTalk, I’ve an episode coming up soon on this question of this challenge we have of the semi-free market, this weird market we have in pharmaceuticals that I think is poorly constructed.”
31 / belief
“Whether universities can successfully teach classes online, of course, is a struggle, but I think a lot of things are going to stay in place.”
32 / belief
“I think the biggest problem that pundits, and I’ll put myself in that class on this level of conversation, I mean we just use words like bailout as if we know what we’re talking about or if it’s well specified.”
33 / belief
“I think the place where the biggest hole was bars and restaurants and the government did that.”
34 / belief
“I think we ought to be promoting that with great enthusiasm and we don’t need the government to do it.”
35 / belief
“I mean the whole crisis for me right now other than anxiety and worries about the future of the country and death of my loved ones who are even older than I am and other people’s loved ones, they main effect is that on Friday I impulsively went to Costco, which was better than Sunday I think.”
36 / belief
“If we underestimate what it allows us to do, but all I’m saying is that I think people like to hug and that’s not going to change.”
37 / belief
“Most of that optimism ended or I think around… It’s slowly starting to decline through the 2000s as events… maybe more, and I got older.”
38 / belief
“In terms of the expectations of sub quarantining and self isolation and things being closed. I think we’re going to get to see Tom Brady in a Tampa Bay Buccaneer uniform.”
39 / prediction
“I do think the internet has helped influential people influence people’s behavior to be more worried about this, which I think is probably going to be a lifesaver for, I think, hundreds and hundreds of thousands of people.”
40 / evaluation
“The top down says everything’s closed and that means that there’s going to be enormous economic and human results from that, that we’re just sort of ignoring.”
41 / preference
“I think people have a great thirst for face to face and I don’t think Zoom is, I love Zoom.”
42 / prediction
“The etiquette of that’s going to evolve, but I don’t know how it’ll be. But I think increasingly people will put away their phones because they don’t want to be connected 24/7.”
43 / prediction
“It will help them pay their rent, which will reduce that cascading worry that I mentioned earlier from the real estate developer I had talked to. That’s going to be, I think, extremely important in reducing the set of economic readjustments that you were more focused on than I was in the earlier part of the conversation.”
44 / evaluation
“I have a bit of a love-hate relationship with it, as my listeners know, because it can be a ugly sinkhole of attention, of acrimony, and other things, but I think for me, and I think for you as well, based on our pre-recording conversation, it’s a huge source of information.”
45 / recommendation
“I’m a big fan of “The Pretense of Knowledge,” his Nobel Prize acceptance speech.”
46 / belief
“I could say, as an economist, there’s a lot of fun things in the Bible that tell us about incentives and behavior in ancient times. It’s an untapped area, I think.”
47 / belief
“In general, I think government should be smaller and regulations should be smaller.”
48 / belief
“Later in my life — I was probably 50 or so — I realized a lot of Hayek is echoing this view that reason’s overrated, which is one way to summarize pragmatism in a sentence.”
49 / belief
“I think in today’s world, those two institutions are struggling because for whatever reason, people are more interested in today.”
50 / uncertainty
“Again, I don’t know what Smith really thought, but for me, when I think about how pleasant it is when someone says something nice about me, I try to discount it.”
51 / belief
“In terms of books, I think I’m writing a book on data and our need for certainty and our challenge of interpreting numbers authentically and correctly.”
52 / belief
“We could make it higher, but I think you could get enough people in there eventually, but maybe our political process wouldn’t like that higher pay.”
53 / belief
“In that sense, it’s underrated in that I think there’s still some really bad sports commentary.”
54 / uncertainty
“I don’t know if you know it, but the American Society of Engineers gave us, I think, a D.”
55 / belief
“Circle’s a concept. And yet the idea that it’s out there, this human creation, a mathematical definition, is a very powerful, I think, influence on our thinking still.”
56 / belief
“A recent article — a recent book, I think; people are writing about that book — I think the author is Ann Harrison — are making the point that in the old days, psychiatrists had this model that mental illness was a chemical imbalance, and this drug — this psychiatric attempt to fix it — repairs the imbalance.”
57 / belief
“In particular, the bailouts that we did of past failed financial institutions, I think, encouraged lenders to be more careless with how they lent their money, mainly to other institutions, not so much to people out in the world like you and me.”
58 / belief
“Mishpatim is the section in the Jewish calendar. But I look at that as a Coasean, and I look at how there’s some aspects of the rewards and punishments in that area that are a little bit puzzling, and I think Coase helps me understand that.”
59 / uncertainty
“I don’t know much Plato and Aristotle, as you might tell from my question, but the part I do understand is .”
60 / belief
“Another tough one. That’s a great example of where I think people misunderstand the heterogeneity of the people who make that choice.”
61 / evaluation
“We don’t have a political home for our ideas, and I think the intellectual home has failed badly for our inability to make the case, either for liberty in and of itself, and to understand how and why people who are being left behind by our economy, and what policies might help them.”
62 / preference
“I also had a rule not to write in my books because I found that to be sacrilegious, in some sense, to deface the book.”
63 / evaluation
“I get a lot of flack for interviewing Nassim Taleb, because his online persona seems to be different from mine — I’ll say it judiciously.”
64 / preference
“I will say that, in my case, religion is a lot like marriage, and I say this as someone who is very happily married now for almost 30 years.”
65 / evaluation
“I will say that one of the things that I loved when I came to George Mason in 2003 was how happy people were to take a piece of behavioral economics and say, “Well, in this area, people don’t maybe work as rationally as in other areas, and therefore I could assume this, that, and the other.”
66 / evaluation
“If the government just transfers, which is, I think, probably not so distortionary relative to doing stuff, maybe that’s okay. But I think government does a lot of stuff that means slower consumption for the rest of us, except the people who are the beneficiaries.”
67 / commitment
“I think there’s a tension there that most economists who, like you and I — I don’t know about you; I shouldn’t say you — but certainly I was a very strong proponent of the volunteer army.”
68 / prediction
“One is that my optimism, my cheery view of growth in the past isn’t just that we’ve mismeasured inflation. It’s that we’ve mismeasured the gains to the average American because of changes in household structure, for example, which I think is probably the most important fact.”
69 / commitment
“Early on in EconTalk — not early on, but at some point in EconTalk — I realized I wanted to be open about my biases, and I discovered that by being open about my biases, I had to confront them a little bit because here I am, saying them out loud.”
70 / evaluation
“I will say that I’m not happy with the patent situation, particularly in the case of pharmaceuticals, so I think there is some research there.”