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The problem with models

In The Visible Hand, Alfred Chandler gives us a model of the rise of the modern business enterprise in the United States—a model constructed on technological determinism, propelled by the market, and creating a new agency: that of middle managers who oversaw production, distribution, communication, and all the various functions of the large corporation.

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Comments on Lords of Finance

Every time the gold standard becomes a topic of discussion in a history class, my heart moves into doubletime, I speed read beyond paragraphs on Keynesian economics into socio-political-cultural text, and I hide under the desk to avoid having to speak. It’s crowded under there. I join a rather sizable group of historians and students of history with little or no background in economics, business, or finance.

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Geithner talks about the Bank Stress Test

There’s no dearth of financial news, analysis, and restrospective this week, calendared as the one-year anniversary of the financial crisis.

A little satirical side trip away from this week’s assigned reading, Lords of Finance—real blog post to follow. Of course,  it’s not actually Treasury Secretary Timothy Geithner, but Will Forte doing the opening skit, Bank Stress Test on Saturday Night Live last May.

(Five-and-a-half minute clip, original air date May 2009, posted on Hulu, accessed September 12, 2009).

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Saved by an historical map?

The intersection of history and environmental geography is only one of many laudable qualities of Scott Reynolds Nelson’s work, Steel Drivin’ Man, John Henry: The Untold Story of an American Legend.  In his narrative, geoforms have agency (to use a word that likely doesn’t appear in Nelson’s highly readable narrative), and to those who look closely, the history of our move to dominate natural surroundings is written on every landscape.

But this is one of Nelson’s anecdotes that had me laughing out loud from the end of a long line of automobiles waiting for emission inspections. 

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