Friday, July 23, 2010

Karl Marx's grave

On a recent trip to England, I made pilgrimage to Karl Marx's grave.  Two things struck me as incredibly ironic about the gravesite.  The first is that Marx is buried in Highgate Cemetery.  Highgate Village is a very posh, to use the British term, area in the London Metropolitan district.  The great and good have been buried there for about a century and a half.  In fact, they provide a guide to all of the famous graves there.  Of course, for the man whose epitaph shouts, Workers of all land unite, to be buried in such upper class surroundings in ironic.

The second irony, is as you can see, there are flowers and notes strewn about Marx grave.  I used the term pilgrimage above in a very loose sense.  However, his grave is literally a pilgrimage site.  For someone who was a militant atheist to be accorded such posthumous devotion is odd.




A final irony, this is the grave directly across the pathway from Marx:

 Herbert Spencer was about as distant from Marx philosophically as it is possible to imagine.  Death truly is the only equal opportunity institution.

Wednesday, June 16, 2010

The Efficient Krugman Hypothesis, Part II

 Last Sunday Brad Delong commented on his blog,

" Yet another demonstration of the fact that sometime in 2000 we entered a strange world in which Paul Krugman is always right. If we are going to live in such a world, I really, really wish that he had a sunnier and more optimistic disposition. It would make things much better...
 I've written previously on this phenomena.  In the discussion that followed there was much discussion of time-warps and other science fiction inspired explanations for the Efficient Krugman Hypothesis.
In the comments (late to the game) I wrote:

Occam's razor requires me to suggest that no time warp or other supernatural mechanism is needed to explain the Efficient Krugman Hypothesis. (I.e. Paul is always right.) He is always right for four distinct and simple reasons:
1) He is flat incredibly intelligent. (See Nobel Memorial Prize in Economics 2008.)
2) He is unbelievably well informed. (I continue to read Paul's and Brad's blogs because I regularly learn something that I did not know previously.)
3) He is truly disinterested (He has absolutely no axe to grind, no interests to either represent or pander to.)
4) He is amazingly brave, in the manner that only a tenured full professor at an elite school can be. 

This is the reason why second rate (OK I'm being generous to myself, third rate) academic leftists go into the battle against economic ignorance and misinformation chanting, "There is no economist but Krugman, and Delong is his prophet."



The real time warp victims were the "fresh water economists" for whom elegance in theoretical formulations became more important than empirical relevance. I really did think that economics represents more than mathematical masturbation. Silly me.


Monday, June 7, 2010

Gulf Oil Spill

In Die Welt,  a German newspaper there was a story about a new variety of concrete which is seeded with microorganisms that will actually remove organic waste from water.  Time to place an order?

  Below is my (very rough) translation of the piece linked to above:


It stinks like rotten cheese, and besides Japan, the Germans first cultivated Natto during the Second World War, on their submarines.  Natto is a slimy mixture of fermented soybeans that the Japanese for centuries have polished off for breakfast.  With the help of the hungry but resistant Natto bacteria, Japanese reseachers have now developed a concrete which sustainably converts smelly sewers and stinking streams into clear water.

Foto: Marubeni/Kölling Beton aus Japan verwandelt stinkende Flüsse in klare Gewässer
The firm Koyoh has now employed this development in Yanagawa, a city with a dead, black, stinking creek. Now in just two weeks the bacteria saturated concrete disapateed the smell and in two months the water was again clear and good enough for carp. This piece of technology was produced by nature over the ages, and through cultivation yields high capacity bacteria which can consume or even produce oil.  However, the Natto-bacteria have long served as a living water filter. Fish farmers and aquarium owners shake them in as a powder to reduce turbidity.

The new discovery of the researchers from Koyoh consists of this, the Natto-bacteria can be processed with a variety fo concrete, which for years, if not decades has served as a breeding site.   No one will need to sprinkle the Natto powder.

"A method which also works in flowing water," according to Sachiko Kobayashi, the manager of the petrochemical division of Japan's second largest trading company, Marubeni whose duties include the international operations.
The capability of nature through the bacterialy charged concrete to assist in the repurification of a source, should not be underrated.  Almost all attempts failed, since most bacteria lose their appetite in the alkaline environment of concrete.  In the Koyoh patent application, the bacteria of the eco-cement, that is Bacillus subtilis (Hay bacteria), Bacillus thuringiensis, and bacillus sphaeris, survive both the alkaline conditions and heat very well.  Thus they are well suited to working into concrete.
 For a label for the bacterial water filter the Japanese reached deep into Greek mythology: Gaia Healing Project, appears in the sales catalog, named for the goddess Gaia, who in antiquity embodied the earth.
 The bacterialy infused concrete is marketed by Marubeni as "EcoBio-Block" in diverse porous large grained concrete forms, cylindrical for aquariums and fishtanks, stonelike for lakes and water tanks, or as rippled tiles for canals and streams.

It works this way: on contact with water, the hungry bacteria search out food.  In doing so, the ferment organic matter, and convert ammonia into nitrite and then nitrate.  This nitrification is an important part of the purification of water.  And even better, a shortage of nitrate is an environmental risk.  The unicellular creatures are nearly indestructible, surviving both freezing and boiling water.  If the water tempurature is below 10 degrees Celsius, they become inactive. 
In application, certain conditions must be observed, that not too much mud or leaves cover the tiles , says Kobayashi.  The bacteria require oxygen.  In light of the water pollution in Russia, and also in Asia's ecologically challenged developing countries, Marubeni expects good business.  In standing water, Kobayashi the manager recommends putting three blocks per cubic meter of water.  In canals or streams, once piece of Natto-concrete every ten meters.

Friday, May 7, 2010

My $0.02 on Financial markets reform.

New financial instruments should be subjected to the same sort of prerelease screening as new pharmaceutical compounds and for the same reason, possibly fatal side effects.  I..e. the Consumer Regulatory language of current bill.


Strongest possible presumption in favor of market, as opposed to OTC trading.  Liquid markets provide much better possibilities for price discovery.  Investment banks love OTC for the monopoly rents that they can yield.

Bad Poetry (fragment)

Houses raised in hope

Houses raised in hope,
ever so carefully planned,
modest or grand,
as our means command.

Houses raised in hope,
honest effort and its reward,
aimed firmly toward,
the future turn of the card.

Bad Poetry

Honeysuckle Afternoons


May fair,
and fair it may be,
sweet honeysuckle afternoons of youth.
Released at last from school day's toils,
gushing forth from every door,
 a climax to the day.

Greeted by the unfolding promise of azure sky.
And to the bike rack ever so quickly.

 The promise of freedom, speed, and motion.
Scented all by the sweet smells of honeysuckle twined along the fenceline of the drive.

Three questions for physicists

Given the possibility that there are space-time dimensions beyond the classic 3 physical dimensions + time:

1) Is vacumn energy a result of the energy needed to retain compression of the additional dimensions?

2) Would it be possible to store information in the "hidden" dimensions?

3)  Is it possible to shrink one of the conventional dimensions to facilitate very fast travel along that dimension?