Brad DeLong's Semi-Daily Journal (2004)

My brother has a rule. He looks at those boxes full of "important stuff" and if he has not opened one in 2 years, out it goes, or it is donated to charity or library or whatever. Except for finance and legal docs he follows it strictly. And when he has asked me to help him move in the past, I have cheerfully agreed, since it will be a manageable, organized and not ghastly chore.

My brother is wiser than I am and has more discipline than I do.

I would never dream of asking my brother to help me move, because he knows how I operate and would refuse and ask me if can possibly blame him. And tben I would have to change the subject.

Your brother is wise, and yet...

This very evening I was looking for my copy of Calvino's "Italian Folktales," as I thought my son might be old enough to enjoy some of them.

Then remembered that I had donated it to the library about a year ago -- on the grounds that it was not an earner, not pulling its weight on the bookshelves.

I also dimly remember some Anatole Broyard essay, more or less about how much he enjoyed purchasing & possessing books he would probably never get around to reading.

Well, OK, he is wiser in that he makes better trade-offs. These economists, they always get the last word! I got this feeling I am not on any kind of efficient frontier at all when it comes to this kind of thing.

He should complain! We just moved into a bigger apartment, and my wife snuck my books into storage "temporarily". Tellingly, I fear, she also gave away all the bookshelves. If it weren't for the kids...

KOM is wasting money and space if he housing hornbooks. We are in the last phase of remodeling our house (doing our civic duty to keep the economy afloat) and my wife and I finally cracked open those boxes from storage containing our law school books and tossed them all in the garbage.

Books, like everything else, should be pared constantly. I am down to three and one-half shelves of books. No, this doesn't mean I don't read. Just get it down to those books that are precious and those you are likely to read or at least peruse again. Simplicity, simplicity, simplicity.

I live in a small house that is fortunate enough to contain a lot of bookshelves. Although some books could go, I keep a lot on the theory that when I'm retired (assuming Social Security is around so I don't need to spend my time dumpster diving) I might read or re-read them. Math books take forever to read; I've got a bunch of them I bought cheaply one place or another on the grounds that I was curious. Nor is that all....

Brad DeLong writes:

> That has to be a violation of the Geneva
> Convention or something. Nobody should ever be
> deprived of access to their personal library, nor
> should excessive bail be required, nor should
> excessive fines be imposed.

OK, so I'm probably not the one to talk here since I'm in a room that officially doesn't have any books in it, but I just counted over 200 of them...

People on this blog are quick to point out that there has been a growing wealth disparity in this country, and that this is a Bad Thing. I think it is also clear, however, that there is an even *worse* disparity in the distribution of books among households. Many households have zero. Mine has, well, a few more zeros after that first digit.

I feel strongly that these assets need to be redistributed aggressively. Unfortunately, the obvious answer (give books to people who don't have them) seems pretty hopeless. I have noticed that whatever distribution of new books that has happened recently is primarily to people who already have tons of them (literally) or people who would go out and buy them for themselves anyway. This will not be easy.

The only way I can see to (re)create the equality of opportunity to obtain books is for the government to impose a Draconian book purchase tax; for every book you buy, you have to give up to 0.9 books away to a new or existing library. Some would argue that the top rate should be lower, say 28% of new book receipts, while others would argue for a flat tax. I think these opinions are misguided.

Obviously, we will not be able to redistribute enough books through the incoming book tax alone. A book estate tax will also be needed that kicks in at the level of 1000 books. It should be noted that this tax would only affect a tiny proportion of all estates, and although some people will be hit fairly heavily by this proposal (likely all of our heirs, if you are still reading this) this will be the only means we have of preventing the accumulation of major private libraries that give their owners such a decisive and unfair advantage in life.

When I moved away from Ithaca, my Daytona was so loaded, the springs compressed so far, ground clearance shrank to the length of the struts in my suspension, and that was just a fourth of the library - the rest, fifteen crates, sat in a friend's apartment, waiting for redemption.

Took me a year to get the rest - I felt like a lobotomized idiot for most of that year "I know where I can look that up, but I don't quite remember that exactly."

Hate that feeling. Hate it hate it hate it.

Thank god for Ikea shelving systems and internet scholarly databases.

Depending on the price elasticity of demand for books, I think Jonathan King's, er, modest proposal confuses equality of outcome with equality of opportunity. If it's the latter one wants to promote, why not a means-tested negative sales tax on books? To give the optimal choice an additional nudge in the 'right' direction, one might apply the Draconian tax to, say, pay-TV bills.

Hi Brad,

National Review Online is attacking your previous post about their economics writing. I thought you might want to take a look.

How rich was Mr. Darcy? This totally off-topic, but it seems to me that post has been totally eviserated. I wanted to show it to a friend but it looks ruined now. At least it is if I have the right link. This is the link that Google pointed me at:

http://www.j-bradford-delong.net/movable_type/archives/001235.html

I recall this post opening with a long and very funny quote from the Jane Austen novel. Why was the quote taken out? The post, as it stands now, is to dry for me to show it my friend. The humor has been killed. Can we get this one restored? It was a classic.

He moved from Dallas to Norman and he can't fit stuff into his apartment? Cry me a river. Either the East or the Hudson will do.

National Review Online is attacking your previous post about their economics writing. I thought you might want to take a look.

Of course they are mixing accounting conventions in with the economics. They are probably confusing most people who are not economists and/or accountants.

Just be careful about what company your books are keeping while they are in storage. We put some furniture, books, and refrigerator and freezer in one of those rental units like you are probably using while we were between moves.

We did not think to check the fridge, and somewhere a 12 oz can of Minute Maid OJ went into hiding. So when we came in the humid summer to load up our stuff, we opened the fridge door and WOW you have never seen the moldy putrid mess a can or orange juice can make!

It exploded, then molded. We did manage to salvage the fridge with a lot of bleach water, but it was not a pretty sight. Anyway, I did not think those storage places are that good for long term storage. Some things really needed to be aired out.

I suppose you could check with a tax person and see if you can just rent another apartment and call it a home office deduction.

One more thing. Martha Stewart says that it is perfectly acceptable to lay piles of books on the floor, as long as it is done in a tasteful manner, preferably with one theme to group them with.

Truth is a kind and gentle lie.

Advertising is 85% confusion and 15% commission.

A stopped car does not imply a dead driver.

An unimportant door is never locked.

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A fronte praecipitium a tergo lupi - A precipice in front, wolves behind (between a rock and a hard place)

O diem praeclarum! - Oh, what a beautiful day!

Amicus verus est rara avis - A true friend is a rare bird

Aspirat primo Fortuna labori - Fortune smiles upon our first effort. (Virgil)

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Omne initium est difficile - Every beginning is difficult