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Undercover Friday 5 – A healthy media diet

Summary:
Undercover Friday 5 – A healthy media diet Pondering filter bubbles… Is there, in fact, a filter bubble? Here’s the man who coined the term, Eli Pariser. We need to remember that the biggest filter bubble isn’t Facebook’s algorithm’s or Google’s personalised search. It’s you and me. …coup or Keystone cops? Here’s George Bush’s speechwriter David Frum on How to Build an Autocracy.  It’s a chilling read. So is the more excitable take that suggests last weekend was preparation for a coup. But there are two sides to every story, and here’s the view that what we’ve seen is just incompetence. Or perhaps there are three sides to every story: here’s the excellent Timothy Taylor describing the details of the “border adjustment tax” proposal. The tax looks like it’s punishing offshorers and encouraging exporters, although after the currency adjusts the main effect should be – if it works – to make tax harder to dodge. In other words, Donald Trump just proposed something that well-qualified mainstream economists think might work rather well. Books Daniel Dennett’s Intuition Pumps (UK) (US) is a great read – a bit more philosophical and a bit less self-help than I was expecting. But in any case, good stuff. And check out Michelle Baddeley’s Very Short Introduction to Behavioural Economics (UK) (US) – a good short survey covering lots of ideas and practical examples.

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Undercover Friday 5 – A healthy media diet

Undercover Friday 5 – A healthy media diet

Pondering filter bubbles…

Is there, in fact, a filter bubble? Here’s the man who coined the term, Eli Pariser. We need to remember that the biggest filter bubble isn’t Facebook’s algorithm’s or Google’s personalised search. It’s you and me.

…coup or Keystone cops?

Here’s George Bush’s speechwriter David Frum on How to Build an Autocracy.  It’s a chilling read. So is the more excitable take that suggests last weekend was preparation for a coup. But there are two sides to every story, and here’s the view that what we’ve seen is just incompetence. Or perhaps there are three sides to every story: here’s the excellent Timothy Taylor describing the details of the “border adjustment tax” proposal. The tax looks like it’s punishing offshorers and encouraging exporters, although after the currency adjusts the main effect should be – if it works – to make tax harder to dodge. In other words, Donald Trump just proposed something that well-qualified mainstream economists think might work rather well.

Books

Daniel Dennett’s Intuition Pumps (UK) (US) is a great read – a bit more philosophical and a bit less self-help than I was expecting. But in any case, good stuff.

And check out Michelle Baddeley’s Very Short Introduction to Behavioural Economics (UK) (US) – a good short survey covering lots of ideas and practical examples.

And another shout out to William Goetzmann’s Money Changes Everything (UK) (US)Fascinating book and a key source for my piece on the warrior-monks who invented banking.

My own book “Messy” is now out and available online in the US and UK.

Tim Harford
Tim is an economist, journalist and broadcaster. He is author of “Messy” and the million-selling “The Undercover Economist”, a senior columnist at the Financial Times, and the presenter of Radio 4’s “More or Less” and the iTunes-topping series “Fifty Things That Made the Modern Economy”. Tim has spoken at TED, PopTech and the Sydney Opera House and is a visiting fellow of Nuffield College, Oxford.

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