July 28, 2014

Entrepreneur Gutenberg's Press Creatively Destroyed the Jobs of Scribes

(p. 32) Poggio possessed . . . [a] gift that set him apart from virtually all the other book-hunting humanists. He was a superbly well-trained scribe, with exceptionally fine handwriting, great powers of concentration, and a high degree of accuracy. It is difficult for us, at this distance, to take in the significance of such qualities: our technologies for producing transcriptions, facsimiles, and copies have almost entirely erased what was once an important personal achievement. That importance began to decline, though not at all precipitously, even in Poggio's own lifetime, for by the 1430s a German entrepreneur, Johann Gutenberg, began experimenting with a new invention, movable type, which would revolutionize the reproduction and transmission of texts. By the century's end printers, especially the great Aldus in Venice, would print Latin texts in a typeface whose clarity and elegance remain unrivalled after five centuries. That typeface was based on the beautiful handwriting of Poggio and his humanist friends. What Poggio did by hand to produce a single copy would soon be done mechanically to produce hundreds.


Greenblatt, Stephen. The Swerve: How the World Became Modern. New York: W. W. Norton & Company, 2011.

(Note: ellipsis, and bracketed word, added.)

July 27, 2014

New Details on Babylonian Version of Noah's Ark


Source of book image: http://britishmuseumblog.files.wordpress.com/2014/01/the-ark-before-noah_544.jpg

(p. C8) Mr. Finkel, a curator of cuneiform inscriptions at the British Museum, details his own long-standing fascination with the ark and that of his British Museum predecessors. First among these was George Smith, who in 1872, at age 32, deciphered a clay tablet that demonstrated that 1,000 years before the likely composition of the Book of Genesis, ancient Babylonians had been brooding over the same story of divine retribution that we find in the biblical account of Noah. So great was Smith's shock that, on confirmation, he began to run about the room tearing off his clothes.

. . .

The tablets containing what we now know as the Epic of Gilgamesh were unearthed in the ruins of Nineveh, capital of the last great Assyrian king, Ashurbanipal, who was an avid collector of texts. His famous library was torched in 612 B.C., but, as Mr. Finkel points out, "fire to a clay librarian" is not the disaster it is to one who studies works on paper. Fired clay tablets endure, and nothing, Mr. Finkel assures us, can equal the thrill of digging one out from the earth like a potato.

But the most important tablet of Mr. Finkel's career didn't come from the ground. It was delivered to him in 1985 by a man named Douglas Simmonds, who brought in a number of cuneiform tablets collected by his father, a member of the Royal Air Force in the Middle East at the end of World War II. One of these--an iPhone-shaped tablet--had what was recognizably the first lines of a Babylonian flood narrative, but the rest was illegible at a superficial glance, and Simmonds was reluctant to leave the tablet at the museum for analysis. It wasn't until 2009 that Mr. Finkel was able to borrow this treasure and undertake a meticulous study, which revealed an "instruction manual for building an ark" in the tablet's 60 lines.

. . .

So then what was the Ark Tablet for? It is puzzling that it contains no narrative, listing rather shape, size, materials and their quantities. Attractive though it may be to think it was a hand-held guide for the boat builder, Mr. Finkel suggests instead that it served as an aide-mémoire for an itinerant storyteller. The detail is explained by audience demand: No one wants to be put on the spot with difficult "how" questions when facing an audience who knew all about building coracles. Ancient audiences, it seems, were as intrigued--and as skeptical--about the ark as we are.

For the full review, see:

JANET SOSKICE. "Make Yourself an Ark; A newly deciphered tablet suggests the best shape for an ark: not a wooden box but a circular coracle made of reeds." The Wall Street Journal (Sat., May 17, 2014): C8.

(Note: ellipses added.)

(Note: the online version of the review has the date May 16, 2014, an has the title "Book Review: 'The Ark Before Noah' by Irving Finkel; A newly deciphered tablet suggests the best shape for an ark: not a wooden box but a circular coracle made of reeds.")

The book under review is:

Finkel, Irving. The Ark before Noah: Decoding the Story of the Flood. London, UK: Hodder & Stoughton, Ltd., 2014.

July 26, 2014

Countries that Protect Jobs Stifle Economic Growth

(p. 240) In an "Interview" conducted by Jessie Romero, John Haltiwanger discusses changing patterns of job creation and destruction: "But now we're seeing a decline in the entry rate and a pretty stark decline in the share of young businesses. . . . But it's also important to recognize that the decline in the share of young firms has occurred because the impact of entry is not just at the point of entry, it's also over the next five or 10 years. A wave of entrants come in, and some of them grow very rapidly, and some of them fail. That dynamic has slowed down. . . . If you look at young small businesses, or just young businesses period, the 90th percentile growth rate is incredibly high. Young businesses not only are volatile, but their growth rates also are tremendously skewed. It's rare to have a young business take off, but those that do add lots of jobs and contribute a lot to productivity growth. We have found that startups together with high-growth firms, which are disproportionately young, account for roughly 70 percent of overall job creation in the United States. . . . "I think the evidence is overwhelming that countries have tried to stifle the [job] destruction process and this has caused problems. I'm hardly a fan of job destruction per se, but making it difficult for firms to contract, through restricting shutdowns, bankruptcies, layoffs, etc., can have adverse consequences. The reason is that there's so much heterogeneity in productivity across businesses. So if you stifle that destruction margin, you're going to keep lots of low-productivity businesses in existence, and that could lead to a sluggish economy. I just don't think we have any choice in a modern market economy but to allow for that reallocation to go on. Of course, what you want is an environment where not only is there a lot of job destruction, but also a lot of job creation, so that when workers lose their jobs they either immediately transit to another job or their unemployment duration is low." Econ Focus, Federal Reserve Bank of Richmond, Second Quarter 2013, pp. 30-34. http://www.richmondfed.org/publications/research/econ_focus/2013/q2/pdf/interview.pdf.


Taylor, Timothy. "Recommendations for Further Reading." Journal of Economic Perspectives 28, no. 1 (Winter 2014): 235-42.

(Note: italics, ellipses, and bracketed word, in original.)

July 25, 2014

"Ego Depletion" from Distractions Reduces Ability to Perform Cognitively Demanding Tasks

(p. B1) One study from Microsoft indicated that programmers who were interrupted by an incoming email lost 10 minutes every time they switched from their original task, on top of however long it took them to answer the email. Earlier studies suggest that workers lose (p. B2) as much as 40% of their productive time when they are regularly interrupted.

. . .

. . . , people underestimate the cost of . . . distractions, partly because we underestimate the effects of what psychologists call "ego depletion." The idea is that we have only so much willpower. Some neuroscientists believe the brain literally runs out of its fuel, glucose, when we have to perform cognitively demanding tasks. But exercising the self control required to not answer that incoming email is also cognitively demanding.

For the full story, see:

CHRISTOPHER MIMS. "KEYWORDS; The Distraction-Industrial Complex." The Wall Street Journal (Mon., June 30, 2014): B1-B2.

(Note: ellipses added.)

(Note: the online version of the story has the date June 29, 2014, and has the title "KEYWORDS; Say No to the Distraction-Industrial Complex.")

One of the early articles in the substantial literature on ego depletion, is:

Baumeister, Roy F., Ellen Bratslavsky, Mark Muraven, and Dianne M. Tice. "Ego Depletion: Is the Active Self a Limited Resource?" Journal of Personality and Social Psychology 74, no. 5 (May 1998): 1252-65.

July 24, 2014

An "Entrepreneurial" Scriptor for the Pope Could Earn 300 Florins a Year

Poggio was a scriptor for a pope who was fired. The jobless Poggio then sought classical manuscripts in obscure monasteries, and found De Rerum Natura.

(p. 21) Scriptors received no fixed stipend, but they were permitted to charge fees for executing documents and obtaining what were called "concessions of grace," that is, legal favors in matters that required some technical correction or exception granted orally or in writing by the pope. And, of course, there were other, less official fees that would privately flow to someone who had the pope's ear. In the mid-fifteenth century, the income for a secretary was 250 to 300 florins annually, and an entrepreneurial spirit could make much more. At the end of a twelve-year period in this office, Poggio's colleague George of Trebizond had salted away over 4,000 florins in Roman banks, along with handsome investments in real estate.


Greenblatt, Stephen. The Swerve: How the World Became Modern. New York: W. W. Norton & Company, 2011.

July 23, 2014

How Sega Came Out of Nowhere to Leapfrog Near-Monopolist Nintendo


Source of book image: http://images.eurogamer.net/2014/usgamer/original.jpg/EG11/resize/958x-1/format/jpg

(p. C10) "Console Wars" tells how Sega, an unremarkable Japanese manufacturer of games played in arcades, came out of nowhere to challenge Nintendo for dominance of the videogame world in the first half of the 1990s. Nintendo, which had revived the stagnant home videogame category a few years earlier, had something close to a monopoly in 1990 and behaved accordingly, dictating terms to game developers and treating retailers as peons. Sega, in Mr. Harris's telling, was a disruptive force in a highly concentrated market, introducing more advanced gaming technology, toppling Nintendo from its perch and becoming the largest seller of home videogame hardware in the U.S. by late 1993.

Mr. Harris's hero is a former Mattel executive named Tom Kalinske, who became president of Sega of America, then a small subsidiary, in 1990. Mr. Kalinske assembled a team of crack marketers who would not have gone near Sega but for his reputation and persuasiveness. Within a year and a half, according to Mr. Harris, Mr. Kalinske's leadership, along with a new gaming system called Genesis and a marketing assist from a mascot named Sonic the Hedgehog, made Sega the U.S. market leader in videogames.

And then, after only three years at the top, Sega fell from its pedestal. Sega's management in Japan, suffering mightily from not-invented-here syndrome, rejected Mr. Kalinske's proposals to collaborate with Sony and Silicon Graphics on new gaming systems. Instead, over his objections, Sega pushed out its ill-conceived Saturn game console in 1995. While Saturn flopped, Sony struck gold with its PlayStation; Silicon Graphics sold its chip with amazing graphics capabilities to Nintendo; and the game, so to speak, was over.

. . .

The author admits he has taken liberties: "I have re-created the scenes in this book using the information uncovered from my interviews, facts gathered from supporting documents, and my best judgment as to what version most closely fits the historical record," he writes. The result is more a 558-page screenplay than a credible work of nonfiction.

For the full review, see:

MARC LEVINSON. "Sonic Boom; How a no-name company took on Nintendo, tied its fate to a hyperactive hedgehog, and--briefly--won." The Wall Street Journal (Sat., May 24, 2014): C10.

(Note: ellipsis added.)

(Note: the online version of the review has the date May 23, 2014, an has the title "Book Review: 'Console Wars' by Blake J. Harris; How a no-name company took on Nintendo, tied its fate to a hyperactive hedgehog, and--briefly--won.")

The book under review is:

J., Harris Blake. Console Wars: Sega, Nintendo, and the Battle That Defined a Generation. New York: HarperCollins Publishers, 2014.

July 22, 2014

Conserving Whales by a Market in Whale Shares

(p. 218) Ben A. Minteer and Leah R. Gerber propose "Buying Whales to Save Them." "Under this plan, quotas for hunting of whales would be traded in global markets. But again, and unlike most 'catch share' programs in fifisheries, the whale conservation market would not restrict participation in the market; both pro- and antiwhaling interests could own and trade quotas  . . . . Conservation groups, for example, could choose to buy whale shares in order to protect populations that are currently threatened; they could also buy shares to protect populations that are not presently at risk but that conservationists fear might become threatened in the future." "Despite the widely acknowledged failure of the IWC [International Whaling Commission] moratorium to curtail unsustainable whaling, the whale conservation market idea has proved to be wildly controversial within conservation and antiwhaling circles.  . . . Many critics of the idea are also plainly not comfortable with the ethics of putting a price on such iconic species--that is, with using contingent market methods for what they believe should be a categorical ethical obligation to preserve whales. On the other hand . . . the vulnerable status of many whale populations and the failure of the traditional regulatory response to halt unsustainable harvests call for a more innovative and experimental approach to whale policy, including considering unconventional proposals, such as the whale conservation market." Issues in Science and Technology, Spring 2013, http://www.issues.org/29.3/minteer.html.


Taylor, Timothy. "Recommendations for Further Reading." Journal of Economic Perspectives 27, no. 4 (Fall 2013): 211-18.

(Note: italics, ellipses, and bracketed words, in original.)

July 21, 2014

How De Rerum Natura Aided the Early Italian Renaissance

I am interested in how the dominant ideas in a culture change. Greenblatt's The Swerve discusses how some early Renaissance Italians sought lost and forgotten works from antiquity to broaden their ideas. In particular it emphasizes the rediscovery of Lucretius's De Rerum Natura.

I am not as unreservedly enthusiastic about Lucretius as Greenblatt is, but The Swerve includes much that is thought-provoking about a place and time that I need to better understand.

In the next few weeks I will quote a few of the passages that were especially memorable, important or amusing.

Book discussed:

Greenblatt, Stephen. The Swerve: How the World Became Modern. New York: W. W. Norton & Company, 2011.

July 20, 2014

Changes in artdiamondblog.com

During my sabbatical for the 2014-2015 school year, and including this summer and next summer, I plan to throw myself into completion of my book Openness to Creative Destruction. To make more time for that overarching project, I intend to streamline my blogging. I still plan to have an entry posted every day, but will no longer routinely post photos and images, saving the time spent finding, formatting and filing photos and images.

The main goal of my blog is to make evidence and examples widely available, that are related to my core interests of innovation and entrepreneurship. Fewer photos and images may make the blog less visually appealing, but should not interfere with this main goal.

I also plan to increase the percentage of entries that are directly or indirectly relevant to my current and future book projects,

I hope my blog will continue to be of use to the "remnant" of those who share my core interests.

July 19, 2014

"Long, Lonely Odyssey "from Heresy to Orthodoxy""


Source of book image: online version of the NYT review quoted and cited below.

(p. D5) As the Nobel committee put it in the 1997 citation for Dr. Prusiner's prize in physiology or medicine, he had established "a novel principle of infection" -- one so controversial that a few experts in the field still continue to search for that elusive virus. But as far as Dr. Prusiner is concerned, the Nobel confirmed that his long, lonely odyssey "from heresy to orthodoxy" was over.

The journey he details was full of hurdles. Some were of the kind likely to befall any researcher: insufficient laboratory space, poor correlation between needs and resources. (At one point, Dr. Prusiner calculated that for a single year's worth of experiments he would have to house and feed 72,000 mice, an impossible multimillion-dollar proposition.) He submitted a grant application that was not just rejected for funding but actually "disapproved," often the kiss of death for a train of scientific thought.

Some of his problems were a little darker but still universal -- graduate students captured by competing labs, data appropriated and misrepresented by erstwhile colleagues, bitter authorship battles.

Some of Dr. Prusiner's shoals, however, seem more particular to his personal operating style. As a teenager he was blessed with what he describes as indefatigable self-confidence, and this trait apparently endures, to the considerable irritation of others.

For the full review, see:

ABIGAIL ZUGER, M.D. "Books; A Victory Lap for a Heretical Neurologist." The New York Times (Sat., May 20, 2014): D5.

(Note: the online version of the review has the date May 19, 2014.)

The book under review is:

Prusiner, Stanley B. Madness and Memory: The Discovery of Prions--a New Biological Principle of Disease. New Haven, CT: Yale University Press, 2014.

Eight Most Recent Comments:

Dave Megan said:

Merging of companies is always better when they have a better goal. It will give better service for the public.

Ed Rector said:

The 'quickened pace of production' of the early Reagan years was directly attributable to RR's massive deficit spending. The national debt almost tripled under the watch of St. Ronnie. BO will have to work overtime to even approach this record of accomplishment.

Aaron said:

The last two paragraphs comport perfectly with what Paul Tough describes in a book you posted on a few months ago, "How Children Succeed." Tough advocates that a stable, loving relationship between kids and their parents, especially in the first few years of life, produces self-assured and less anxious adults due to brain formation or chemical reactions that take place in a baby's brain (simplified summary). As always, appreciate the posts, especially the Paul Tough book.

Rev. Pfloyd said:

Hans' "The Best Stats You've Ever Seen" Ted Talk is my favorite Ted Talk ever, which is a pretty big statement when you share company with talks like Sir Ken Robinson's education talk and Steven Pinker's Human Nature and the Blank Slate" talk.

Rev. Pfloyd said:

Voting with your feet. And of course now people are fleeing France to move across the water to England for the same reason. It's truly a global world; soaking the rich really isn't an option anymore.

otacon said:

The media tends to be a willing participant in fanning the flames of racism. Check CNN or the Drudge Report. Every day there is at least one racially charged story. Every day. It has become a tool for news outlets to get clicks but ultimately is a disservice to pretty much everyone.

otacon said:

This is very dangerous and this doctor is acting completely irresponsibly. Are these students supposed to take Adderall for their entire lives or just until they pass American History class? Why not prescribe steroids for under performing children in sports?

Rev. Pfloyd said:

Mark Perry has addressed this before--we don't need more humanities students in the New Economy. In fact, we probably don't need college graduates as a whole (and those we do would benefit from STEM education):

"Part of the skilled-worker shortage is being driven by the ongoing push from parents, teachers and high school counselors for high school graduates to attend four-year colleges, even though many college students are graduating with $20,000 or more in student loan debt and are unable to find full-time employment. Call it the “obsession with college education” or the “overselling” of college education that has perhaps unfairly influenced an entire generation of young Americans."


I've often hypothesized about the idea of charging higher tuition rates for "luxury majors" (what I would consider to be majors of less practical use and more of an "intellectual exercise") and the possible effects on college major or college attendance on the whole.


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