24 April 2015
I bought this on impulse as an audiobook (I have an audible.com account which I intermittently forget about). It's an interesting account of 21st century 'shaming' through social media - particularly for someone like me who is not particularly engaged by social media. I can't work out whether twitter is as important as Jon Ronson makes it out to be: however, what is fascinating is the increasing conformity of opinion he notes in users of twitter. For some reason this reminded me of being an undergraduate, and sitting late at night with a group of people agreeing how right on we all were.
Posted by Al Turnbull at 18:13
06 April 2015
This is a really great collection of longform non-fiction journalism which US writers seem to do so well (cf David Foster Wallace) but which seem to be less important a part of UK culture. There are some great pieces in here which are loosely united by Russell exploring his relationship with his father. In particular, I am grateful for the introduction to Juggalo culture. Whoop whoop!
Posted by Al Turnbull at 08:30
12 February 2015
How Adam Smith Can Change Your Life: An Unexpected Guide to Human Nature and Happiness by Russ Roberts 
A great book by Russ Roberts, who produces the superlative Econtalk podcast. The book is essentially a guide to Adam Smith's 1759 book The Theory of Moral Sentiments. It's a brilliant book and the salient line that stays with me several weeks later is Smith's quote:
"Man naturally desires, not only to be loved, but to be lovely"
By 'lovely' he means worthy of being loved and respected (amongst other things). This is the crux of Roberts' book and he uses it dismantle the simplistic view of Smith as a coldblooded capitalist motivated only by profit.
A fantastic book which I will re-read.
Posted by Al Turnbull at 22:48
How to Live: A Life of Montaigne in one question and twenty attempts at an answer by Sarah Bakewell 
I picked this up because I am fascinated by Montaigne and by adopting a more stoic approach to life. But I found it unsatisfying and a little simplistic and did not finish it. I think I need to get into the original essays myself.
Posted by Al Turnbull at 22:22
20 December 2014
A magisterial overview of the development of the oil industry from the 19th century to the end of the First Gulf War. I picked this up because I have become fascinated by oil recently, as an engine of growth in the twentieth century and - perhaps less obviously - as a key driver of North American exceptionalism and achievement.
Two key things that stay with me from this book:
1 The shift in the twentieth century in ownership of oil, particularly in the Middle East. At the start of the century, the western companies rented the land from the sovereigns and took the lion's share of upstream revenue (and all of the downstream revenue). Over the course of the century, the balance of power shifts to the majors giving up nearly all of the upstream revenue and focussing on the downstream, with the oil sovereigns increasingly building their own downstream capacity as well. Increased commercial pressure on the majors has led to consolidation and what one could argue is a reconfiguration of the Standard Oil Trust.
2 The incredible effect that the oil price has on research and the viability of innovation. This is the obvious factor in any analysis of the oil industry. There is an interesting tension created by the fact that low oil prices are a boon for the consumer but preclude investment in new technologies, which by their very nature are more expensive than conventional oil.
A great book which provides context for the current boom in fracking.
Posted by Al Turnbull at 07:12