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2321. An Interview with Atlas Shrugged Movie Producer Harmon Kaslow

Author:
Craig Biddle
Publication Date:
03-2011
Content Type:
Journal Article
Journal:
The Objective Standard
Institution:
The Objective Standard
Abstract:
Craig Biddle: Thank you for joining me today, Harmon. I'm very excited about the Atlas Shrugged movie, and I know that TOS readers want to hear all about it. Harmon Kaslow: It's my pleasure. CB: How and when did you get involved in making this movie? HK: I got involved in April 2010 after being contacted by John Aglialoro, my coproducer. At that point, a movie had to be made quickly or John would lose the rights to it. So he contacted me to see if I might be able to help him put together a lower-budget version in short order. CB: As coproducers, what have been John's and your respective roles in the movie? HK: John's role was to keep the movie faithful to the book. Mine was to get the movie into production before June 15. John has probably read Atlas more than a dozen times, and during the process of writing the screenplay and getting the film into production, he was constantly rereading chapters, mulling over the elements of the story, and working to ensure that the production remained true to Rand's ideas. My job was to work with John to make the movie happen, to get all the pieces together so that we could say “action” and make certain the film was completed. CB: Atlas Shrugged is a 54-year-old story. Why do you think it matters today? HK: For starters, many events from the story parallel real-life events today. For instance, whereas in the story the government passes business-thwarting laws such as the “Anti-Dog-Eat-Dog Rule” and the “Equalization of Opportunity Bill,” in real life today the government is passing laws such as the “Emergency Economic Stabilization Act” and the “Patient Protection and Affordable Care Act.” But more fundamentally, the story matters because it dramatizes timeless philosophic truths about human nature, the role of reason in human life, the morality of rational self-interest versus predation or “greed,” the role of the government and of the citizen, and man's need of political and economic freedom. These truths will always matter. . . .
Topic:
Economics and Government

2322. Economics in Atlas Shrugged

Author:
Richard M Salsman
Publication Date:
03-2011
Content Type:
Journal Article
Journal:
The Objective Standard
Institution:
The Objective Standard
Abstract:
Economics is widely regarded today as dry, lifeless, boring. But given what economics properly studies, this should not be the case. Economics studies the production and exchange of material values in a division of labor society. We live in a material world; we produce material values in order to live and prosper; and we exchange these values for those produced by others in order to live even better lives. In other words, economics studies one of the major means by which people live and achieve happiness. Why, then, do so many people regard this science as boring? And what could remedy the situation? The answers may be gleaned by comparing two books, each of which has sold millions of copies over the past five decades: Ayn Rand's Atlas Shrugged (1957) and Paul Samuelson's Economics (1948). The first is a story about the role of reason in man's life and about what happens to an economy when the men of the mind go on strike. The second is the quintessential economics text of the 20th and 21st centuries, and is generally assigned reading for beginning students in the field.1 Although Atlas is a work of fiction, and although Rand was not an economist, her novel is replete with economic truths. Conversely, although Economics is a work of nonfiction, and although Samuelson was a Nobel-winning economist, his book is full of economic falsehoods. And whereas the truths in Atlas are dramatized with passion and excitement, the falsehoods in Economics are conveyed by way of lifeless, boring prose.2 Lest one assume that the reason Atlas is more exciting than Economics is merely a matter of the different mediums, one being fiction and the other nonfiction, observe that Rand's nonfiction—and much other nonfiction—is hands-down more exciting than many works of fiction (ever read The Catcher in the Rye?). Nor is people's boredom with economics due to Samuelson's book per se. But his text and those influenced by it, which represent the modern approach to the subject, have largely contributed to the way economics is taught and viewed today. To see the difference between the modern approach to economics and that dramatized in Atlas, let us consider the essence of each with respect to six key areas: the source of wealth, the role of the businessman, the nature of profit, the essence of competition, the result of production, and the purpose of money. The Source of Wealth Samuelson and company contend that wealth results essentially from labor applied to raw materials (or “natural resources”)—and by “labor” they mean physical or manual labor, not mental labor. The general idea is that the economic value of a good or service reflects the physical labor that went into making it. This is known as the “labor theory of value,” and it was originally advanced by classical economists including Adam Smith, David Ricardo, and Karl Marx.3 This theory is widely accepted today, especially by the Left. In the late 19th century, however, some free-market economists, trying to counter the growing Marxist charge that labor was being robbed by greedy capitalists, amended the theory to say that “consumer desires” also determine value, jointly with labor. This approach—dubbed “neoclassical economics”—is now largely accepted and is the prevalent view in today's textbooks. Ayn Rand, in contrast, holds that the mind—human thinking and the resulting intelligence—is the primary source of wealth. The mind, she says, directs not only physical labor but also the organization of production; “natural resources” are merely potential wealth, not actual wealth; and consumer desires are not causes of wealth but results of it. Each great producer in Atlas—Hank Rearden, Dagny Taggart, Francisco D'Anconia, Ellis Wyatt, Ken Danagger, Midas Mulligan, or John Galt—is dedicated first and foremost to using his mind. Each thinks, plans long-range, and produces goods or services thereby. Atlas dramatizes this principle in many ways, but perhaps most vividly through the work of Rearden. In one scene he is in his steel mill looking on as the first heat of the first order of his revolutionary new metal is poured. He reflects back on the ten long years of thought and effort it took him to get to this point. He had purchased a bankrupt mill even as experts dismissed the venture and industry as hopeless. Rearden has breathed life back into both. Rand writes that “his was a lifetime lived on the axiom that the constant, clearest most ruthless function of his rational faculty was his foremost duty” (p. 122). Here is an indication of the production process in his mill: “Two hundred tons of metal which was to be harder than steel, running liquid at a temperature of four thousand degrees, had the power to annihilate every wall of the structure and every one of the men who worked by the stream. But every inch of its course, every pound of its pressure and the content of every molecule within it, were controlled and made by a conscious intention that had worked upon it for ten years” (p. 34). Rand shows that Rearden's mind is the source of this wealth, and that labor and materials had stood idle until his mind showed up for work. Others in Atlas voice the textbook view of the entrepreneur. Rearden's wife dismisses his achievements: “Intellectual pursuits are not learned in the marketplace,” she scowls; “it's easier to pour a ton of steel than it is to make friends” (p. 138). A hobo in a diner accosts Dagny Taggart with a similar attitude: “Man is just a low-grade animal, without intellect,” he growls; “[his] only talent is an ignoble cunning for satisfying the needs of his body. No intelligence is required for that. . . . [W]itness our great industries—the only accomplishments of our alleged civilization—built by vulgar materialists with the aims, the interests and the moral sense of hogs” (p. 168). Perhaps an economist might recognize the nature of Rearden's achievement? As the metal is poured a train passes by the mills, and inside, a professor of economics asks a companion, “Of what importance is an individual in the titanic collective achievements of our industrial age?” (p. 33). The “importance” is happening just outside his window, but he doesn't see it, conceptually speaking. Nor do others. “The passengers paid no attention; one more heat of steel being poured was not an event they had been taught to notice” (p. 33). Professors such as this one had taught them not to notice. Such scenes illustrate how intelligence creates wealth, how business success entails a long-range process of thought and planning carried out by a focused individual—and how little this is understood. Yet Dagny understands—as is evident in the scene where she takes her first run on the John Galt Line, traveling on a track and over a bridge made of that as-yet untried Rearden Metal, at unprecedented speeds. . . .
Topic:
Economics

2323. Enhancing public budgeting transparency in Botswana: Why and how

Author:
Gape Kaboyakgosi
Publication Date:
09-2011
Content Type:
Policy Brief
Institution:
Botswana Institute for Development Policy Analysis
Abstract:
This policy brief discusses the need to make Botswana’s budget process more transparent. Transparent or open budgets both facilitate and support timely, relevant public access to budget information, enhancing citizen participation in the budgetary process. Transparent budgets also strengthen the role and independence of oversight institutions such as Parliament and Supreme Audit Institution (SAI)-or the Office of the Auditor General. The objective of this brief is to advocate for the opening up of Botswana’s budgetary process, hence the paper concludes by making recommendations on how to enhance budget transparency in Botswana.
Topic:
Economics, Governance, Budget, Local, and State Funding
Political Geography:
Africa and Botswana

2324. The Reform of Israeli Checkpoints: Outsourcing, Commodification, and Redeployment of the State (La réforme des checkpoints israéliens : externalisation, marchandisation et redéploiement de l'Etat)

Author:
Shira Havkin
Publication Date:
05-2011
Content Type:
Special Report
Institution:
Centre d'Etudes et de Recherches Internationales
Abstract:
Since 2006 the checkpoints along the borders of the West Bank and the Gaza strip have been reorganized and equipped with a new technological platform. They are now managed by private security firms. The instigators of these reforms speak of the "civilianization" of the checkpoints and justify their program on economic, organizational and humanitarian grounds. This detailed study of the concrete means by which the management of the Israeli checkpoints has been outsourced and commodified enables one to establish links between the evolution of Israeli society in terms of the relationship between the State, the market and society and the actual changes in the operation of the occupation. It would appear that this is not a case of the State receding in the face of market forces in a zero sum game. Rather it is the redeployment in a neoliberal context of the State in which it has adopted the uniquely Israeli layering of the public and the private, the national and the international, the State and civil society.
Topic:
Security, Economics, Human Rights, Science and Technology, Occupation, Neoliberalism, and Borders
Political Geography:
Middle East, Israel, Palestine, Gaza, and West Bank

2325. Making Rio 2012 work: Setting the stage for global economic, social and ecological renewal

Author:
Alex Evans and David Steven
Publication Date:
06-2011
Content Type:
Working Paper
Institution:
Center on International Cooperation
Abstract:
The Rio 2012 summit on sustainable development is now one year away. Over two decades since the 1992 'Earth Summit', sustainable development has not materialized: as global GDP has risen, so have greenhouse gas emissions, species loss and environmental degradation.
Topic:
Climate Change, Development, Economics, Environment, Foreign Aid, and Foreign Direct Investment
Political Geography:
Latin America

2326. Revolution in the Arab World: The Long View

Author:
William Zartman, Laleh Khalili, Jillian Schwedler, and Gamal Eid
Publication Date:
10-2011
Content Type:
Working Paper
Institution:
Center for Contemporary Arab Studies
Abstract:
In January and February 2011, populist uprisings toppled the authoritarian governments of Tunisia and Egypt, and similar revolts began to emerge in other Arab states, including Bahrain, Libya, Morocco, Syria, and Yemen. An article in the 18 March 2011 issue of the Chronicle Review by Ursula Lindsey, "The Suddenly New Study of Egypt," addressed how these events had turned the study of persistent authoritarianism in the Arab world on its head. No longer, for example, could scholars point to how Egyptians and other Arabs tend to engage in one of two extremes: political apathy or political violence. Lindsey also suggested that scholars shift their focus away from the power of elites to the strength of ordinary people and grass-roots movements, or retool their scholarship to allow for, in the case of Egypt, more emphasis on groups other than the Muslim Brotherhood as significant sources of opposition.
Topic:
Democratization, Economics, Regime Change, and Insurgency
Political Geography:
Middle East, Libya, Yemen, Arabia, North Africa, Syria, Egypt, Bahrain, and Tunisia

2327. Multivariate Life Table Methodology for Estimating the Effect of Child Mortality on the Total Fertility Rate and Its Components

Author:
Hassan Eini-Zinab
Publication Date:
02-2011
Content Type:
Working Paper
Institution:
East-West Center
Abstract:
This paper develops, validates, and applies new multivariate methodology to assess the effect of child mortality on both period and cohort measures of fertility. The methodology, which can be applied to period data as well as cohort data, is based on discrete-time survival models of parity progression that enable construction of a multivariate life table of fertility covering all parity transitions. The five dimensions of this life table are woman's age, parity, duration in parity, and two dimensions representing lagged child mortality (number of dead children at the beginning and end of the previous year when the woman was one year younger). Additional socioeconomic predictor variables are also included in the underlying survival models. The life table is multivariate in the sense that it can be specified for values or categories of one socioeconomic predictor variable while holding other socioeconomic predictors constant. The life table yields a number of measures of both the quantum and the tempo of fertility and child mortality. It also yields a replacement rate, which measures the extent to which child deaths are replaced by additional births. Because the life table is multivariate, all measures calculated from it are also multivariate. By way of illustration, the methodology is applied to three Indian National Family Health Surveys conducted in 1992–93 (NFHS -1 ), 1998–99 (NFHS -2 ), and 2005–06 (NFHS -3 ). Major findings are that dead children are incompletely replaced, and that the replacement rate rises as the total fertility rate falls over the three surveys, reflecting women's increasing ability to achieve their wanted number of surviving children.
Topic:
Economics, Gender Issues, Health, and Social Stratification

2328. Building an Impact Economy in America

Publication Date:
12-2011
Content Type:
Working Paper
Institution:
Aspen Institute
Abstract:
Today America finds a new market force emerging: companies that achieve an intimate connection between profit and purpose. And these businesses are supported by a developing system of investors and other financial actors that seek to place capital in firms that are achieving social impact. A new trail is being blazed for our country – open, far-reaching, transformative, offering an opportunity for renewal and growth. This is the Impact Economy.
Topic:
Economics, Industrial Policy, International Trade and Finance, Markets, and Monetary Policy
Political Geography:
United States and America

2329. Changing Currents: Turbulence for the Electricity Industry?

Author:
Phil Sharp
Publication Date:
10-2011
Content Type:
Working Paper
Institution:
Aspen Institute
Abstract:
The question is never whether the United States has an energy policy. It has dozens. They come with various decision-makers at overlapping levels of authority, ample numbers of stakeholders, and generally lots of confusing and often contradictory signals.
Topic:
Climate Change, Economics, Energy Policy, and Environment
Political Geography:
United States

2330. Social Security: The House that Roosevelt Built

Author:
Pamela J. Perun and Patricia E. Dilley
Publication Date:
07-2011
Content Type:
Policy Brief
Institution:
Aspen Institute
Abstract:
Critics of the Social Security program are fond of disparaging it as a "Ponzi" scheme or as a redistributive transfer of income from the young to the old. Others go even further, labeling the Social Security trust fund as a fiction or claiming the program is bankrupt. Some also suggest that the government bonds held in the trust fund are mere IOUs. Still others say that the program's legal basis is ephemeral, subject to the whims of Congress.
Topic:
Demographics, Economics, and Government
Political Geography:
United States