"Because what I hadn’t known—this is my first time grading this exam—was that it doesn’t matter how well you write, or what you think. Here we spent the year reading books and emulating great writers, constructing leads that would make everyone want to read our work, developing a voice that would engage our readers, using our imaginations to make our work unique and important, and, most of all, being honest. And none of that matters. All that matters, it turns out, is that you cite two facts from the reading material in every answer. That gives you full credit. You can compose a “Gettysburg Address” for the 21st century on the apportioned lines in your test booklet, but if you’ve provided only one fact from the text you read in preparation, then you will earn only half credit. In your constructed response—no matter how well written, correct, intelligent, noble, beautiful, and meaningful it is—if you’ve not collected any specific facts from the provided readings (even if you happen to know more information about the chosen topic than the readings provide), then you will get a zero."

"Two nebbish Representatives, one Republican and one Democrat, distinguished only by their lack of legislative or political importance, sponsored the bill on behalf of the big boys who fast-tracked it under the radar (they learned from the SOPA debacle). Forget ideology or boasts about carrying a copy of the Constitution in the breast pocket of their suit, whether you are in an archconservative Congressional district or an ultraliberal one, almost every member of Congress voted “aye” to trash multiple amendments in the Bill of Rights.

Almost every one.

This is an accelerating trend in recent years and in particular, a bipartisan theme of the 112th Congress, which views Constitutional rights of nobodies as an anachronistic hindrance to the interests (or convenience) of their powerful and wealthy political supporters. Our elected officials and their backers increasingly share an oligarchic class interest that in important matters, trumps the Kabuki partisanship of  FOXnews and MSNBC and inculcates a technocratic admiration for the “efficiency” of select police states."

"The tech world loves to bandy about the term “social,” but its concept of “social” seems to be based on what single twentysomethings do. “Social” in the sense of “families” is off the radar, as is “social” in the sense of “sharing.” It’s happy to make recommendations for individual purchases social, but shared purchases are verboten.

It’s shortsighted. If the demise of the music industry has taught us anything, it should be that walls don’t work. Sooner or later, demand will find a way around. The blistering success of itunes showed that there’s a substantial market for aboveboard, legal ways to allow people to get what they want; this isn’t just about piracy. But piracy may have to happen to make the literary version of itunes acceptable to publishers.

Put differently, the industry needs to learn to lean into change, rather than resisting it. I foresee a monster market for e-textbooks as soon as they offer something analogous to re-selling your used copies. Until then, the value proposition mostly isn’t there. (Yes, there are issues with disability access, but those strike me as solvable if the will is there.) Students will continue, quite rationally, to buy paper textbooks and re-sell them. "

"Wilde said that most of us live lives of quiet desperation. It's a good observation, and in my opinion it's the best reason to do whatever it is we choose to do with our lives. You spend so much time on the job you hate, listening to the boss who treats you like shit, and wondering why you bother to get out of bed anymore. So if you want to spend your time writing the great American novel, building birdhouses, attending Star Trek conventions in animal-themed S&M gear, or touring the country in a van with a band no one has ever heard of to play before tiny audiences, so be it. There are always risks, ranging from simple embarrassment to bodily harm depending on the nature of your pursuits. Hell, having any pursuits at all is a risk. Why not get a second job or work harder at your first one instead of wasting your time telling jokes at the Comedy Pouch in Possum Ridge, AR or playing math rock at the 4th Street Vomit Bucket in the worst neighborhood in Newark? Well, not only are some things more important than being practical, but what could be more practical than doing whatever is necessary to make yourself feel like your life is worthwhile? It's OK to remind yourself that you're not quite as worthless as the world makes you feel, even if there are considerable risks and opportunity costs involved."

"Increasingly, this seems to be a war for survival.  I understand that traditional publishers are getting more and more desperate as the digital revolution proceeds and they continue to dither about how to address it.  But academic faculty members are the source of almost all the content these publishers publish, so this behavior is an extreme example of biting the hand that feeds them.  It is even more stupid, in my opinion, than the strategy of recording industry who is suing its own customers, because these publishers are attacking a group that is both their customers and those who supply them with a product in the first place."

"…Florida’s legislature recently debated a bill to remove licensing requirements from 20 occupations, including hair-braiding, interior design and teaching ballroom-dancing. For a while it looked as if the bill would sail through: Florida has been a centre of tea-party agitation and both chambers have Republican majorities. But the people who care most about this issue—the cartels of incumbents—lobbied the loudest. One predicted that unlicensed designers would use fabrics that might spread disease and cause 88,000 deaths a year. Another suggested, even more alarmingly, that clashing colour schemes might adversely affect “salivation”. In the early hours of May 7th the bill was defeated. If Republican majorities cannot pluck up the courage to challenge a cartel of interior designers when Florida’s unemployment rate is more than 10%, what hope has America? The Licence Raj may be here to stay."

"In the middle east, we've seen the power of the Internet in the Arab Spring. I believe we are in for a lot more of that sort of thing and that it will not be limited to repressive governments, but to all large institutions that seek to control people and their free will. This is the cultural revolution that I referred to in my talk with Erick at Disrupt.

I think investors should be aware of what is coming and seek to invest in it where it is investable. I'm curious what the AVC community thinks of this investment thesis and where we should be looking for opportunities that fit into this thesis."

"As it becomes clear that the three publishers who have initiated the lawsuit in search of higher profits are willing to attack the very heart of the system by which scholars live, academic authors will rightly feel betrayed. The plaintiffs are, after all, asking the judge to fundamentally change the copyright rules for higher education. If the rules in the proposed injunction were widely accepted, fair use in this field of endeavor, supposedly favored, would actually be more restricted than in any other activity. Yet the works at issue in the lawsuit are mostly written by scholars for the use of other scholars and students. If those uses become impossible or exponentially more expensive, which today is the same thing, academic authors will need to reconsider whether they are receiving sufficient benefits for the free labor they contribute to scholarly publishing."

"That cyclical component accounts for a lot of the short-run variation in hiring, but if you’re estimating the response to a demand shock, longer-term supply trends matter too and often they matter a great deal.  If Ph.d. programs were stricter about enforcing standards of quality and relevance, rather than stringing along students to maintain the flow of revenue to the graduate program, the short run negative demand shocks would lead to a much less severe queuing problem.  That’s simple microeconomics, and it should be macroeconomics too."

"In practice, all that “the exchange rate is the purview of the Treasury” means is that no official other the Treasury secretary is supposed to talk about it (and even he isn’t supposed to say very much). That strikes me as a shame. Perhaps if government officials could talk about the exchange rate forthrightly, there would be more understanding of the issues and more rational policy discussions.

Such discussions would start with some basic economics. The desire to trade with other countries or invest in them is what gives rise to the market for foreign exchange. You need euros to travel in Spain or to buy a German government bond, so you need a way to exchange currencies."

"…For all its pretensions to public importance (every professor secretly thinks he’s a public intellectual), the professoriate is awfully quiet, essentially nonexistent as a collective voice. If academia is going to once again become a decent place to work, if our best young minds are going to be attracted back to the profession, if higher education is going to be reclaimed as part of the American promise, if teaching and research are going to make the country strong again, then professors need to get off their backsides and organize: department by department, institution to institution, state by state and across the nation as a whole. Tenured professors enjoy the strongest speech protections in society. It’s time they started using them."

Until any of this becomes commonplace, it is up to prospective graduate students to enter a science PhD with their eyes open to the opportunities — or lack of them — at the end. Not all mushrooms grow best in the dark.

"Is it any wonder that the value of a college education is now being questioned more than it used to be? Perhaps a basic education in personal finance would help more people make informed decisions about college and how to handle the financing of that endeavor."

"…What Lind leaves out is that each of his time periods ends with a great upheaval in the nation that forces social changes. For instance, version 1.0 ends with the Civil War. Sometimes, the result is a more responsible capitalist model, as with version 4.0, which came after the Great Depression, and, according to Lind, was, for all intents and purposes, a time of responsible capitalism. Then, post-1960s and 1970s rights movements and the Vietnam War, the increasing drive towards globalization saw an abandonment of regulation, starting with President Carter, and a greed virus released on the financial markets that has led us to our current endtimes. Lind concludes, "Capitalism 6.0 will be just as American as its predecessors, but it will be better than what we have today. It could not possibly be worse."

"I came to Harvard 7 years ago with a fairly romantic notion of what it meant to be a professor -- I imagined unstructured days spent mentoring students over long cups of coffee, strolling through the verdant campus, writing code, pondering the infinite. I never really considered doing anything else. At Berkeley, the reigning belief was that the best and brightest students went on to be professors, and the rest went to industry -- and I wanted to be one of those elite. Now that I have students that harbor their own rosy dreams of academic life, I thought it would be useful to reflect on what being a professor is really like. It is certainly not for everybody. It remains to be seen if it is even for me."

"As I emphasize out in a new book entitled “Saving State U,” the percentage of students taught by full-time, tenure-track faculty members per student at state universities has steadily declined in recent years. And it is likely to decline even further."

"NPR has a nice graphic for where job growth will occur in the next decade based on US Bureau of Labor Statistics data (the NPR site is much cooler than the graphic above). Now, operations research is a little small to appear as a dot on its own, but if you look at that little dot far to the right, showing the most job growth? That is “Management, Scientific, and Technical Consulting Services”. And what field is all of “management, scientific and technical”? Operations Research, of course! The projection is for 82.8% growth."

"In the age of mass media, the press was able to define the sphere of legitimate debate with relative ease because the people on the receiving end were atomized-- connected "up" to Big Media but not across to each other. And now that authority is eroding. I will try to explain why.
It’s easily the most useful diagram I’ve found for understanding the practice of journalism in the United States, and the hidden politics of that practice. You can draw it by hand right now. Take a sheet of paper and make a big circle in the middle. In the center of that circle draw a smaller one to create a doughnut shape. Label the doughnut hole “sphere of consensus.” Call the middle region “sphere of legitimate debate,” and the outer region “sphere of deviance.”"

"I can understand why a retailer would want to use my copyright as bait to lock in readers—but exactly how is this good for me? This is why I'm not selling digital downloads of the professional readings of With a Little Help. With so much friction and goofiness in the marketplace, I'd rather give the MP3s away under a Creative Commons license and solicit donations through PayPal. My listeners don't want DRM. They want to get their books with a minimum of hassle. But, for the record, I'd put my books in Audible and the iTunes Store in a hot second if only they'd sell them on the same terms that I'd be willing to buy them: no DRM and no license agreement except “don't violate copyright law.”"

"I mean, we all know that major labels are supposed to be venal masters of hiding money from artists, but they’re also supposed to be good at it, right? This figure wasn’t insulting because it was so small, it was insulting because it was so stupid."