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Sabine Hossenfelder – Lost in Math: How Beauty Leads Physics Astray

Sabine Hossenfelder – Lost in Math: How Beauty Leads Physics Astray

Hossenfelder brilliantly covers the intersection of philosophy, hard science, and social science. She has a lot of wisdom about certainty, error, doubt, and why quantitative analysis is important and useful, but also prone to abuse. Her thesis is that a scientist’s proper goal is to understand the natural world. In that pursuit, many scientists get a little too caught up in constructing elegant mathematical models. Models and equations are useful when they add to understanding, which they often do. In fact, they are often vital to it. But models are a means, not an end.

To Hossenfelder, it is disconcerting how often scientists describe their models and equations as elegant. The word is everywhere. It appears constantly in scientific papers and conferences, in the classroom, and in popular-level books, magazine articles, and documentaries. Scientists sometimes even judge their theories and experimental results to be true or false based on whether they are viewed as beautiful or elegant. Even Einstein fell into this trap with his famous “God does not play dice” remark to express his unease with the Heisenberg uncertainty principle.

This is a problem because the universe does not care if people think it is beautiful or not. f=ma is either true, or it isn’t. Ptolemy’s laws, or Keplers, or Newton’s, or Einstein’s, or the string theorists’ ideas, are each either true or false. The answers do not depend on whether someone thinks they are elegant. Rather than chasing elegant ghosts, a scientist’s goal should be to get as close to objective understanding as possible, given human limitations.

Hossenfelder is a deep enough thinker to realize that our aesthetic sense likely evolved in response to our universe; causality runs both ways. It is not a coincidence that our eyes are most sensitive to the very E-M frequencies the sun sends our way, or that our ears respond precisely to the most common sound frequencies around us. In addition to our sensory organs’ capabilities being determined by evolutionary processes, so too did the way we interpret those sensory inputs.

Aesthetically, people tend to find beauty and elegance in evolutionary success, and ugliness in threats or failures to reproductive success. it is not a coincidence that signs of beauty are almost universally signs of youth, health, and fertility. Most people consider symmetrical faces more beautiful because symmetry correlates with good health, and with good genes. We prefer cleanliness over filth because bacteria and disease are bad for survival and reproductive success. So it makes sense that scientists, as humans who evolved in just this way, both have the aesthetic sense that they do, and that they feel compelled to find it in physics and other sciences.

If a symmetrical face is elegant and beautiful, so is a scientific equation that exactly has a given symmetry, or exactly fits a certain exponent. e=mc2 is much more appealing than, say, e=mc2.1. Some laws, such as this exchange rate between matter and energy, do have this elegant precision. This is fortunate, otherwise humans might never have discovered them! Other phenomena that are just as true are less elegant, such as entropy, the probabilism of quantum mechanics, or the way friction coefficients, alloys, and engineering tolerances all defy perfect precision in practice.

Our search for elegance in scientific research is a longstanding natural impulse redirected in a new and foreign direction. Humans have been a species for perhaps 200,000 years, and proper scientists for just a few hundred years–just a thousandth or two of that time. Our 200,000 years is in turn perhaps a touch more than one three thousandth of the animal kingdom’s existence. Our evolved aesthetic sense is very, very old. As such, it will be some time before evolution is able to adapt to our new social environment and address Hossenfelder’s concerns. Until then, the least we should do is be aware of our elegance problem.

While reading the book, I kept thinking it had just the sort of message that my former economics professor Russ Roberts would enjoy. One of the hallmarks of his approach is a conscious avoidance of certainty, and keeping in mind the difference between good and bad uses of statistics (Russ is also a keen and humble philosophical thinker). As it turns out, Russ had an excellent conversation with Hossenfelder on his EconTalk podcast. It’s worth a listen, especially for those who don’t have time to read the whole book.

Though Hossenfelder’s home is in physics, in several points during the book she acknowledges how her thinking applies to the social sciences. She’s right. Economists in particular would do well to consider her arguments. Her arguments about the parallel uses and abuses of mathematical modeling has some intersection with Jerry Z. Muller’s recent book The Tyranny of Metrics, though Hossenfelder’s arguments are more nuanced and broader-ranging, and have a deeper philosophical foundation.

Lost in Math also reminded me of F.A. Hayek’s The Counter-Revolution in Science, which distinguishes between science and scientism. As Hayek defines the terms, science is the process of learning about the universe and the beings who live in it. Scientism is more about method-worship, valuing mathematical rigor and elegance as its own end. When taken too far, scientism can color results and potentially stunt entire research programs and lines of inquiry.

This has happened in economics. Crudely, science and scientism can be personified as Adam Smith vs. Paul Samuelson–though again, very crudely. Peter Boettke contrasts mainline vs. mainstream economics to make a similar point. Smithian mainline economists are interested in the human condition; mainstream Samuelsonians are a little too interested in technical proficiency and elegant modeling. They would do well to focus a little less on Homo economicus, and a little more on the admirable and real, though admittedly less elegant, Homo sapiens.

USMCA North American Trade Deal Solves Few Problems

This is a CEI press release, originally posted here.

The U.S. may be on the verge of a North American trade deal, but there are bigger problems with trade that Congress should fix, says Competitive Enterprise Institute Senior Fellow Ryan Young:

“The revised NAFTA/USMCA trade agreement should be less urgent for Congress than reining in the President’s out-of-control tariff-making authority. Parts of NAFTA could use an update, but Canada, Mexico, and the United States already have a mostly tariff-free trading relationship. New tariffs passed under President Trump against China, Europe, and numerous allies are a bigger problem that Congress should fix. Trump tariffs are causing thousands of layoffs and billions of dollars of economic damage, everywhere from the steel and auto industries to farm exports. They could cost the U.S. as much as a percentage point of economic growth going forward, or roughly $200 billion per year. The tariffs have also greatly increased the risk of recession. If President Trump wants to pass USMCA so badly, part of the deal should be returning his tariff-making powers to Congress where they belong.​”

Related:

Traders of the Lost Ark

Common Myths and Facts about Trade

James Grant – Bagehot: The Life and Times of the Greatest Victorian

James Grant – Bagehot: The Life and Times of the Greatest Victorian

Grant finally settles the question of how to pronounce Walter Bagehot’s name (BADGE-it). Maddeningly, he does not do this until the end of the book, leaving the reader unsure to pronounce it in their head for more than 300 pages. Even so, he has written an excellent biography of Bagehot, a prominent 19th-century English banker and economist who favored free trade. He was not the founder of The Economist, though he became its longtime editor and made the newspaper (actually a magazine) into the prominent, and generally classically liberal publication it remains today.

At times Grant seems more interested in the history of English banking than in his ostensible subject, and at times the text bogs down because of it. But he still finds the time to give a good sense of what Bagehot was like as a person. His family life was mostly happy, though not entirely so. He also worked long hours at a frenetic pace, often writing 5,000 words or more per week, every week, on a wide variety of topics. This was in addition to editing and managing a newspaper, commissioning articles, and trying to have some semblance of a home life.

Unlike some of the grandiose, difficult personalities whose biographies I’ve been reading lately (Frank Lloyd Wright, Thomas Edison, Jay Gould, et al), Bagehot seems to have been a good person. He was overworked and often frazzled, but he was a decent family man and didn’t have an extravagant lifestyle, outsize ego, or a need to create drama.

Grant also puts Bagehot in his place as an important figure in the birth of modern finance, journalism, and economics; Bagehot had a place in all three. Only with the beginnings of the industrial revolution did the population become wealthy enough to support full-time journalists. Before, say, Samuel Johnson, writers typically required aristocratic support. They also wrote for a mainly aristocratic audience, spoke to their concerns, and often echoed their points of view. They also did not produce fresh product every week.

Johnson was one of the first to write for a lay audience, and one of the first to make a living from them. This meant smaller per-copy revenues, made up for by selling more copies. This required the ability to print at an industrial scale, and a large middle class that can afford pamphlets and newspapers. This stage of economic development also required modern finance to capitalize. Bagehot began as just such a banker, became a journalist struggling to generate enough copy to print The Economist regularly enough to pay the bills, and to sell it to as many subscribers as possible. Even in London, the financial capital of the world, Bagehot could only wrangle a few thousand subscribers.

Bagehot was also one of the most prolific and eloquent voices in the era’s defining economic debate—free trade vs. protectionism. Bagehot took the free-trade side alongside Richard Cobden and John Bright, and it is for this that Bagehot is chiefly remembered today. The Economist, which more than a century later flourishes on a global scale, still retains Bagehot’s mostly market-liberal editorial voice, and even has a weekly column named after him. In today’s tide of rising tide of protectionism, nationalism, and populism, the world could use more Bagehots advocating for free trade in both quality and quantity.

CEI Opposes Waters Ex-Im Bank Reauthorization Bill

This is a CEI press release, originally posted here.

The Competitive Enterprise Institute (CEI) opposes a bill authored by Rep. Maxine Waters (D-CA) that would reauthorize Export-Import Bank (Ex-Im Bank) operations. The bill is different from a Senate bill introduced by Sens. Kevin Cramer (R-ND) and Kyrsten Sinema (D-AZ) that was the subject of a CEI study, entitled “How the Ex-Im Bank Enables Cronyism and Wastes Taxpayer Money.” That study stated CEI’s opposition to Ex-Im Bank reauthorization, but also proposed several key reforms to the Cramer-Sinema bill.

CEI senior fellow and study author Ryan Young said:

“The House should decline to reauthorize the Export-Import Bank, for several bipartisan reasons. Republicans oppose the Bank’s support of state-owned businesses in China and other illiberal countries. Air China is Ex-Im’s single largest state-owned beneficiary. Ex-Im cuts against other administration priorities in trade and foreign policy. Democrats oppose Ex-Im’s support of fossil fuel programs. America’s emergence as a net energy exporter also means that energy businesses do not need Ex-Im’s corporate welfare. More than 99.8 percent of American exports happen without Ex-Im involvement, and total exports hit record highs throughout Ex-Im’s 2014-2019 period of reduced activity. Even Ex-Im’s largest individual beneficiaries, such as Boeing, reported no trouble finding private financing and posted record profits during this period. Add in dozens of Ex-Im-related corruption allegations and millions of dollars of resources wasted on lobbying instead of becoming more competitive, and Congress should close the Export-Import Bank, not renew it. Failing that, any legislation should have a short authorization period of two or three years, not 10 years. Any reauthorization should also preserve Ex-Im’s board quorum requirement that gives the agency at least a modicum of accountability to Congress.”

Read more:

Douglas Adams – The Restaurant at the End of the Universe (Hitchhiker’s Guide to the Galaxy Book 2)

Douglas Adams – The Restaurant at the End of the Universe (Hitchhiker’s Guide to the Galaxy Book 2)

This book is hilarious, and highly recommended. Not quite as famous as the first book, but just as good and very much in the same farcical spirit. Adams’ jokes are constant, yet still often come as a surprise. He had a knack for making the mundane into the epic, and vice versa. Some of the time travel jokes also verge on Abbott and Costello-style humor.

Leo Tolstoy – War and Peace

Leo Tolstoy – War and Peace

This expansive book can move at a glacial pace, though, also like a glacier its motion never stops. His pastoral vignettes are as vivid as a painting. His descriptions of what is going on in each character’s head are masterpieces of empathy, psychology, and self-awareness—or not, depending on the character. There are also multiple contrasts. Not just between the battle scenes and the domestic scenes, but also between Russia and the West, as shown by the contrast between the Moscow and St. Petersburg social scenes. Evolution is another key theme. He characters age, mature, and change over the course of the book. Even their language changes, with Russian increasingly displacing French as the language of choice for the more “authentic” Russian characters. The amoral or otherwise mostly unsympathetic characters such as Helene and her brother Anatole emphasize their Europeanness by lapsing further into French speech even as Napoleon’s army marches further into Russia.

Tolstoy also uses the novel to advance his pastoral, peaceful, agrarian philosophy, contrasting the happy scenes in those settings with the horrors of war and the cynicism of city and court life. He also advances a “great forces” theory of history, against which individuals are nearly powerless. This theory does not hold up well against actual history, but Tolstoy sure makes it poetic.

Pierre, the protagonist, is an especially interesting character. Tolstoy modeled him somewhat after himself. In the beginning, Pierre is a brash youth, not quite comfortable with his large physical size and awkward both physically and socially. He feels the need to interject his opinions into every conversation, as many young people do. After a few years of life experience, and entering into a marriage with Helene that he realizes ahead of time is a mistake, Pierre has a spiritual awakening and pursues Freemasonry with the same youthful zeal as he pursued his previous opinions. But with a little more age and maturity, he becomes calmer and less intense about it. At the same time, he becomes physically more comfortable in his own skin and his own social manner, though his large size still makes him stand out in a crowd. By nature he is more an observer than a participant, but eventually gets dragged into a battle despite not being a soldier, and is taken prisoner and goes on a forced march. He emerges

Tolstoy also astutely portrayed the effect that nearness to celebrities and power can have on people. Especially early in the book, in the battle of Austerlitz, one of the characters is absolutely mesmerized by the czar’s mere presence, to the point of near-religious rapture, completely losing himself in a wash of emotion and love towards a person he has never met, and does not know who he is. The young man is otherwise a sane and decent person, but he comes off every bit as poorly as Tolstoy intended in this scene. As the characters age and get worn down by life and war, their power-worship becomes less pronounced. But it also never completely goes away.

These scenes of celebrity rapture reminded me, of all things, of the scene in Dave Eggers’ A Heartbreaking Work of Staggering Genius where Eggers and his younger brother Topher briefly meet Bill Clinton at some event shortly after they move to San Francisco. Eggers goes into a near-reverie both during the experience and recounting it. Clinton, like Alexander I, was neither particularly bad nor particularly good as far as presidents or tsars go. Neither left much of a footprint on history, and were generally unremarkable—often a good thing in their line of work, but that’s a topic for another time. Such men should not have such effects on otherwise intelligent people, and yet they do.

Two New Studies on Economics of Trade

Our friends at the Property Rights Alliance and the Mercatus Center have just released two new papers that are well worth reading.

First, Philip Thompson and Lorenzo Montanari have compiled a Trade Barrier Index, just released by the Property Rights Alliance. The U.S. currently ranks 54th out of 86 countries. Singapore and Hong Kong rank 1st and 2nd, while India and China bring up the rear at 85th and 86th, respectively. Among our neighbors, Canada weighs in at 10th, while Mexico is 58th. Their index takes into account four policy areas: tariffs, non-tariff barriers, barriers to services, and trade facilitation, such as participating in international trade agreements and the World Trade Organization.

It is highly useful to have a ranking system for making international comparisons. Even with all the tariff hikes of the last two years, it was still surprising and disappointing to see the U.S. ranked as low as 54th. Hopefully future editions of the Trade Barriers Index can add historical data to give greater context, such as how far the United States has fallen in the last two years, and how much the world as a whole has liberalized trade barriers since the end of World War II.

Protectionists are often quick to point to fast-growing China and India’s protectionism as proof that trade barriers can help growth. But liberalization at the margin can have a huge positive impact on growth; going from terrible policies to merely bad ones still counts as improvement, and can still lift people out of poverty. Further liberalization would help even more. China and India have liberalized, imperfectly, along many trade and non-trade policy dimensions post-1978 and post-1991, as Arvind Panagariya points out in great detail in his excellent book Free Trade and Prosperity: How Openness Helps Developing Countries Grow Richer and Combat Poverty. Thompson and Montanari’s Trade Barrier Index allows us to see how countries fare on trade policy compared to other policy areas such as property rights, regulation, and corruption measured by other indices.

Second, the Mercatus Center’s Veronique de Rugy has a much-needed new policy brief, “New Protectionism: Still Protectionism and Bad Economics,” which punctures some common myths about trade. These include:

  • The 19th-century United States grew despite high tariffs, not because of them. Territorial growth and open immigration grew the domestic market for U.S. goods faster than protectionism could shrink their international markets.
  • The East Asian tiger economies didn’t grow because of tariffs or industrial policy. On net, post-war South Korea, Singapore, Hong Kong, and Taiwan were vastly more liberal than before, even accounting for their varying levels of tariffs, export subsidies, and other interventions. It was this net liberalization that paid dividends. As Panagariya points out, growth accelerated once export promotion policies were lessened.
  • U.S. manufacturing output is at near-record levels. At the same time, manufacturing employment is down, and this is a good thing. The goal of manufacturing is not to create jobs, it is to create things that people value. In an ideal world, all that value would be created without anyone having to lift a finger. This will obviously never happen, but when record output comes from ever fewer workers, it’s a step in that direction. The workers whose time and talent are being freed for other, additional uses make the rest of the economy more productive, too. The adjustment is not always painless, but many government policies intended to help can worsen the problem. Legislators should heed Veronique’s advice and tread lightly here.
  • The middle class is indeed shrinking—because people are moving into the upper classes. The proportion of people making between $35,000 and $100,000 per year, inflation-adjusted, has been shrinking for years. This isn’t because incomes are going down. It’s because they’re going up. Declining global trade barriers over the last 75 years are a significant reason why.
  • Subsidies do not make trade fair. China subsidizes many of its exports. This is good for American consumers, but bad for the Chinese people, who are paying to further enrich people who are mostly richer than themselves. A similar dynamic applies in the United States. In order to subsidize or protect one American industry, Washington must penalize American consumers and other American industries, all in order to give foreign buyers a price break. Contra Peter Navarro, trade cannot be fair unless it is free.

Trade protectionists have called on a wide variety of arguments to justify raising barriers, from growth to nostalgia to inequality to fairness. As Veronique points out, none of them hold up to scrutiny.

Philip Thompson and Lorenzo Montanari’s Trade Barrier Index is here. Veronique de Rugy’s “New Protectionism: Still Protectionism and Bad Economics” is here.

Andrew S. Curran – Diderot and the Art of Thinking Freely

Andrew S. Curran – Diderot and the Art of Thinking Freely

Diderot is best known for editing the Encyclopedie, the first volume of which was published in 1751. Though little-read today, it was one of the most influential works of the Enlightenment. Other than that, most people pay Diderot little mind, aside from noting that he was more vocal about his atheism than most other Enlightenment thinkers, who mostly were, or pretended to be, deists. Curran shows that there was much more to Diderot.

He was a polymath, writing as many as 7,000 articles for the Encyclopedie on a wide variety of subjects. He also wrote plays, dabbled in science, was imprisoned for his beliefs, opposed slavery and advocated for women’s rights, befriended and then fell out with Rousseau, pushed the boundaries of sexual discourse, was a respected art critic, and spent several unhappy months in Russia in the court of Catherine the Great.

After his 1784 death at age 70, Diderot was, ironically, buried in a church. Perhaps fittingly, his grave was disturbed during the French Revolution, and though he is still somewhere in the church, nobody is sure quite where.

Richard Panek – The Trouble with Gravity: Solving the Mystery Beneath Our Feet

Richard Panek – The Trouble with Gravity: Solving the Mystery Beneath Our Feet

More philosophical than I expected. Panek gives an excellent history of gravity, from Aristotle on down through Philoponus, Galileo, Newton, and on down the line. Philoponus, an Egypt-born 6th century Byzantine philosopher, was someone I was unfamiliar with, and it was a treat learning about a new figure in the history of science. He figures prominently early in the story, and more or less came up with the modern understanding of inertia, which he called impetus.

Unusually for his time, Philoponus was not content to rely on Aristotle and Plato’s works as settled fact. He preferred some measure of empiricism. He did not go as far as Francis Bacon’s audaciously titled New Organon (intended to replace Aristotle’s Organon, which was all but an eternal sacred text), but Philoponus’ empiricism was still controversial.

While Panek ably explains the science of gravity at a popular level, he is clearly more interested in the philosophy surrounding it. In particular, if you ask a scientist not what gravity is, but why it exists, they have no choice but to tell you they do not know. That, more than anything, is what interests Panek, and what drove him to write this book.

A good scientist has no problem admitting they do not know something, of course. A lifetime of study and experiment tells even the most brilliant scientist nothing about why, only about the what. Maybe someday we’ll gain that level of knowledge. But after so many attempts from Aristotle to Philoponus through today’s sophisticated experiments, Panek is not optimistic.

Trade Developments on Export-Import Bank and NAFTA/USMCA

America’s trade policy landscape has some big events on the horizon. The House of Representatives will vote next week on Rep. Maxine Waters’ (D-CA) Export-Import Bank reauthorization bill. The Trump administration has signaled opposition to it, making it unlikely to become law. The administration favors Ex-Im renewal, but likely wants it to be more bellicose towards China. As I predicted earlier, Ex-Im’s most likely next step is a short-term reauthorization in the upcoming Continuing Resolution, due November 21st. The agency should be closed, but that is unlikely in the current policy environment. A recent paper of mine lists some second-best reforms that Congress and Ex-Im should pursue.

On Tuesday, November 12th, President Trump is set to give a major speech on trade. He will likely give an update on the first phase of a new trade deal with China. High-level meetings have been taken place, though nothing has so far been formally agreed to. Nothing would be signed until December at the earliest.

European car tariffs are also in play, and may also come up during the speech. President Trump has long wanted to tax European cars on national security grounds, and is due to make a decision on whether to enact such tariffs by November 14th. A new tariff, by raising tensions with an ally Trump needs on China issues, would work against the administration’s efforts to encourage Chinese trade reforms. Further complicating matters, many European cars contain significant amounts of U.S.-made parts, and European carmakers own several U.S. factories employing U.S. workers.

Finally, a vote on the new North American Free Trade Agreement (NAFTA)/United States–Mexico–Canada Agreement (USMCA) still has a chance of happening by the end of the year, though there is no guarantee. The new agreement changes little from the first NAFTA, and 57 percent of its language is taken verbatim from the Trans-Pacific Partnership, which Trump pulled the U.S. out of on his third day in office. Due in part to the low stakes, Democratic opposition has not been forceful. The main holdup right now is organized labor trying to get rent-seeking provisions added to the final agreement. Given the high priority Trump has placed on passing NAFTA/USMCA, they may well succeed.