the sage enters, wearing a scholar's mask...

“I knew in my time one of many arts, a Grecian, a Latinist, a mathematician, a philosopher, a physician, a man master of them all, and sixty years of age, who, laying by all the rest, perplexed and tormented himself for above twenty years in the study of grammar, fully reckoning himself a prince if he might but live so long till he could certainly determine how the eight parts of speech were to be distinguished, which none of the Greeks or Latins had yet fully
cleared: as if it were a matter to be decided by the sword if a man made an adverb of a conjunction.” – Erasmus, In praise of folly.

LI has always wanted to be that man – a man who took the smallest matters of wordplay as a duelist takes a challenge to his honor. Literature at swordpoint. Not that LI can really manipulate a sword, but we do have a ready steady tongue.

At the same time, we realize that the grammarian who throws himself into the vast matter of the eight parts of speech, the man who searches for the key to the mythologies, the woman who uncovers the false analogies strewn among the no longer read economists of the 19th century, the whole bag and baggage of the scholarly mindset seems pretty absurd. Folly speaks in Erasmus from a point of view that is very close to common sense. The commonest sense, in fact.

David Nuttall, the literary scholar who died this January, wrote a book, Dead from the Waist Down, about the emblematic transformation of the scholar, from the humanistic heretic of the seventeenth century to the dry as dust pedant of the nineteenth century. He uses Isaac Casaubon as a touchstone – first, the real Casaubon from the seventeenth century, then the fictional Casaubon, the scholar as a Fisher King who lacks even a knack for minnow catching in Middlemarch, then Casaubon’s biographer, a nineteenth century scholar named Pattison who George Eliot might have known, whose wife (o those suffering wives of the Victorian sages! married in perpetuity to a toothache!) certainly saw herself reflected in Dorothea.

All of which is of interest to me in my multiply interrupted, omni-directional quest to understand the gradual fading of the sage as a possible mask, to use Yeats’ term. More later.

The exacta - For North

Go Rimbaud and go Johnny go!

The exacta: 1. Street Sense 2. Curlin 3. King of the Roxy

The last named didn’t race at the Derby, and I know, I know that Hard Spun will be out there, biting Street Sense’s flank. Deep in my gut, I have deep doubts about my horsey’s chance of winning this time. On the other hand, he’s a balanced horse. I like his views about getting out of Iraq now, nationalizing health care, and the hydrogen fuel cell. Street Sense is also all about Jackson Pollack, his favorite painter, and mine.

Curlin is a strong horse. Everybody knows he’s a strong horse. He does one hundred push ups every night before he goes to bed. If somebody is going to beat my horsey, it will be Curlin. It might be a KO. Curlin not so secretly wants to be a boxer, having once said, "fuck racin'! I can float like a butterfly and sting like a bee." He has also stolen milk money from other horseys in the stables. Bad pony!

Finally, King of the Roxy. Since all eyes are gonna be on the Derby horseys, King of the Roxy is getting’ no kind of look in. Unfair! He’s fast, and he’s got nothing to lose.

Finally: song for this race is Patti Smith’s Horses, of course:

Do you know how to pony?

abusing president backbone

An old friend and foil of LI wrote us an email the other day, asking how we were doing and whether we were still lobbing insults at the president.

The question made us hang our head in shame. In fact, a quick survey of LI backpages lately will show an astonishing paucity of commentary about that human equivalent of the green garbage fly, the POTUS. President Backbone. Or, as he was known to the prophet Isaiah, a drunken man who staggereth in his own vomit.

We might as well confess: we’ve reached the limit with the old pissingpost.

The burden of the torchsinger’s song needn’t be some magnificent object, nor does it need to arouse the deepest sentiments. A song I learned as a lad and could still sing for you on a long car trip, as my friend D. can testify, commemorates a bad day at the races for some slack rounder who didn’t bet on Old Stewball, but took the odds on favorites, the gray mare and the bay. Now, this isn’t the kind of news that should lend its impress to the collective memory of all mankind, but – conveyed by Peter Paul and Mary and then distributed a thousandfold by humdrum strummers in every weekend pizza joint in suburban Atlanta, when they weren’t building a staircase to heaven, Old Stewball has refused to be dislodged from my braincells, and will probably still be ghosting me when, in some public charity ward, I’m trying to figure out where my penis is so I can piss out of it or at least know my I still have my valuables about me.

Yet here I am with one of the great subjects. A rich and semi-educated Republic. A population reveling equally in short term memory loss and its dream of f/x military action, with Doby surroundsound. A man whose sum total of talents would gain him only sporadic employment as a second rate golf pro at country clubs in midsized Southern cities, who descends, fortunately enough for him, from one of those families wealthy in exact proportion to their worthlessness. A suspect, not to say sinister elevation; a lack of interest by our crowned golf pro in leadership so incredible that he simply waves away warnings of an attack that does come because they interrupt his cypress trimming and sleep – besides which, they challenge him to do something, and he has never and will never know fuckall about doing anything; a senseless, vain, cruel war, in which gradually every member of the said yo yo Republic becomes complicit – all of these are surely themes for a satiric epic, an unending Dunciad. Yet LI has eaten the ashy fruit of this for six years, and we have finally had enough. What new insults, shocks, jeremiads can one haul out of the cellar? Isaiah only had to do with uncircumsized armies worshipping Baal in the place of the Lord. He never had to confront the deadly horror of modern mediocrity riding in its nasty little triumph (o, the moralizing of the well fed!) over the necks of taste, sense, sensibility, reason, truth, and the hardwon virtues of the little humanity we might have gained to get us through various bilious nights of the soul – if that is we can’t find sleeping tablets.

So LI has broken the covenant of perpetual abuse which we once pledged to our readers. Cursing and shrieking bores the fuck out of us.

The witch of Endor is dead.

The earth mourneth and fadeth away, the world languisheth and
fadeth away, the haughty people of the earth do languish.

The earth also is defiled under the inhabitants thereof;
because they have transgressed the laws, changed the ordinance,
broken the everlasting covenant.

Therefore hath the curse devoured the earth, and they that
dwell therein are desolate: therefore the inhabitants of the
earth are burned, and few men left.

Wolfie goes down

Headline in the NYT: Wolfowitz to Leave the World Bank

Come out/Come out
Whereever you are!

holy and unholy fools in the streets

- Sophie Calle, Les dormeurs

Okay. To summarize our last post, Fred Hirsch proposed that, enfolded within the material economy, there is a positional economy, one derived from and dependent on social hierarchy. This is a broader notion than Ann Krueger’s rent-seeking, which was also being floated by the neo-classicals in the 70s, but you can see how they dovetail with one another. While Krueger thinks the extraction of rents is ‘non-productive’, Hirsch is saying, in effect, that Krueger is using the criteria of the material economy to analyze the positional economy, and that won’t do. In fact, there are positional goods and services, and one of the key drivers of the material economy since the dawn of capitalism has been positional competition.

Well, LI could spell out the current political implications of Hirsch’s notion – but we’d prefer to apply Hirsch’s notion to the little thread of history that LI has made its little theme over the past six months. If you take the positional economy as the lens through which you view the history of the early modern era, Foucault’s L’age classique, one possible interpretation leaps to mind – or to a mind ready to catch the larger leapers. In the early modern era, the great bourgeois project was to liberate the positional market, as it were. Much of the work of the enlightened philosophers was to that end. At the same time, by one of those fateful pieces of dialectical luck, their identity as philosophers was undermined by their success at this task. In other words, the philosopher as a type was tied to a certain kind of positional market – a highly rigid one. Far into the 18th century, the philosopher as a type really had a strong influence on the real philosopher, be he Locke or Condorcet. This figure was a sage. As a sage, he was bound to the ascetic ethos that developed a sort of hole in the rigid positional economy – proposed a way out of it. Renounced it. And here’s where the dialectical luck comes in – the culminating point for the liberation of the positional market was encoded in Jefferson’s phrase, the pursuit of happiness. Now, as it happens, the pursuit of happiness and the pursuit of wisdom had been rivals – well, since Socrates was a pup. As the pursuit of happiness came to dominate the tenor of the positional market, the space in which the sage could exist was squeezed shut. The sage, in that space, took up a relation to the buffoon – his figural other, partner, foe – as well as to a way of thinking of the spacing of human life (how one should age) and practices consonant thereto.

So yeah, ha ha – we’ve come back to sages and buffoons. You didn’t think I was letting them go, did you?
More on this in a later post.

a gloss on the political hocus pocus of our time

Back in the 70s – the era that suckled LI, and that provides the whole framework for Bolano’s great novel, which all should read, The Savage Detectives, and all should talk about, bringing an end of all talking about 300 and Spiderman, enough enough enough! – an economist named Fred Hirsch wrote a tract reflecting the time and the mores entitled The Social Limits of Growth. And then, of course, they came from nowhere – or from Pentagonia – the Reaganauts, and for the past thirty years the only discourse about Growth is how we are blessed its many wonders to behold. Meanwhile, we laid claim to another piece of the atmosphere to store our car exhaust and coal exhaust shit, destroyed the Aral Sea, depleted the Ogallala Acquifer, and etc., etc.

This week, LI is going to say some things about Hirsch’s idea of positional goods. It is an idea that has its ancestry in institutional economics and Veblen, but Hirsch was a post-World War II economist, a quantifier, and he wanted a more specific way to talk about a certain kind of social good and service.

Hirsch distinguishes between between the Material Economy and the Positional economy in order to describe the post WWII economic order in the developed world. The material economy is that one familiar to neo-classicals and Marxists. it is deined “as output amenable to continued increase in productivity per unit of labor input: it is Harrod’s democratic wealth. The material economy embraces production of physical goods as well as such services as are receptive to mechanization or technological innovation without deterioration in quality as it appears to the consumer.” On the other hand, you have Harrod’s “oligarchic wealth”: it “relates to all aspects of goods, services, work positions and other social relationships that are either (1) scarce in some absolute or sically imposed sense or (2) subject to congestion or crowding through extensive use.” The question posed by Hirsch is: “What happens when the material pie grows while the positional economy remains confined to a fixed state?”

In a sense, this problem is all around us now, the effect of the growth plus increase in inequality that describes the Reaganomic era. Hirsch had the foresight to see that the economy in the developed world was tending towards positional competition. On the one hand, unless there was robust economic growth, there would be increasing privation. On the other hand, the concomitant to growth would be increasing inequality, which would re-define the terms of affluence. To give one of a number of examples: take a social good such as education. On the one hand, for a democratic, capitalist society to continue, it must invest in human capital – it must educate. On the other hand, positional competition imposes on that education its logic – in order to be rewarded within the educational system, it isn’t enough that a person actually be educated, but it is also important that others be less certified – that others be excluded from certain institutions of education and the like, what Hirsch calls a “competition by people for place, rather than competition for performance.” Hirsch discusses a number of sectors – real estate, education, jobs – and then makes a fine, although dense, summary:

‘… material growth intensifies what may be termed positional competition. By positional competition is meant competition that is fundamentally for a higher place within some explicit or implicit hierarchy and that thereby yields gains for some only by dint of losses for others. Positional competiton, in the language of game theory, is a zero-sum game: what winners win, losers lose. The contrast is with competition that improves performance or enjoyment all round, so that winners gain more than losers lose, and all may come out winners – the positive sum game.”

And – an important point – positional competition is about scarcity: "… competition in the positional sector serves as a general filtering device through which excessive demand has to be matched to available supply. This aspect – which I seek to isolate by the term positional competition – at best yields no net benefit and usually involves additional resource costs, so that positional competiton itself is liable to be a negative sum game. Competition in the positional sector, however, may still yield net benefits if its contributions to individual efficiency and allocation of resources outweigh additions to resource costs and misallocation. But this cannot be judged from the conventional measures of economic output, since these measures gloss over the negative or deadweight elements of positional competition.”

Well… yeah. That last sentence is a gloss on the political hocus pocus of our time, friends and fiends. About which we will have more to say in another post.

Jerry Fallwell goes to heaven

In other news - Jerry Fallwell did make it to heaven. He was admitted as part of an affirmative action program for the delusional. "We try to encourage diversity among our heavenly hosts," according to Peter, a spokesman for Heaven. "Oftentimes people have the most astonishing preconceptions about our admission system. Jehovah is going to be unveiling an advertising campaign this fall to reinvigorate interest in the Heaven brand. Heaven: it's not just for losers! There's a whole generation out there who think, well, I'm scorin' dope, I'm fucking anything that moves, and I voted for gay marriage. I'm bound to go to hell. Au contraire! If people only knew: our older alum were whacked out on anything from morning glory seeds to starvation in the desert - that's a real high! - and as for sex, well, we've assimilated cultic prostitutes, self castrators and everybody in between! In fact, we are trying to combat the idea that Jehovah is particularly interested in human genitals. As he said only the other day at dinner: "when I designed those things, tell you Jehovah's honest truth, I was not thinking about where they went or what you could do with them. This is a little bogus, but I've had some wine, I'll confess: I was thinking of something else entirely. I was thinking, damn, I should not have signed off on the wisdom tooth design."

According to the Pearly Gates Express, Fallwell was mostly pleased with everything. To get around with the wings, of course, he is going to have lose a few of those earthly pounds. "The diet of rice and seaweed will tone him up nicely," according to Gautama, one of Heaven's premier dieticians. However, Fallwell was reported to have been "astonished" to meet the son of God and discover that the son of God is...



Tinky Winky!