The Doom Loop

Andrew Haldane: Equity in Banking, 23 February 2012

... a hundred years after the introduction of limited liability, by the Nobel Prize-winning economist Robert Merton, who showed that the equity of a limited liability company could be valued as if it were a financial option – that is, an instrument which offers rights over the future fruits of the company’s assets. This option has value – in the jargon, it ...

Because We Could

David Simpson: Soldiers and Torture, 18 November 2010

None of Us Were Like This Before: American Soldiers and Torture 
by Joshua Phillips.
Verso, 237 pp., £16.99, September 2010, 978 1 84467 599 9
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... of the hotel worker Baha Mousa in September 2003, and another into incidents that occurred in May 2004 at a British army base north of Basra, while a third inquiry has been requested on behalf of 102 other Iraqi citizens. Since Cameron’s announcement WikiLeaks has suggested that there may well be 15,000 hitherto ...

Is this the end of the UK?

David Runciman: The End of the UK?, 27 May 2010

... put their crosses just where they were going to put them anyway. But some recent research by Robert Goodin and James Mahmud Rice suggests that something more complicated might be going on.* The polls, they reveal, don’t fluctuate in the run-up to an election because respondents are simply humouring the pollsters with the pretence that their opinions ...

The Mild Torture Economy

Carl Elliott: Clinical Trials, 23 September 2010

Medical Research for Hire: The Political Economy of Pharmaceutical Clinical Trials 
by Jill Fisher.
Rutgers, 257 pp., £23.50, January 2009, 978 0 8135 4410 6
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When Experiments Travel: Clinical Trials and the Global Search for Human Subjects 
by Adriana Petryna.
Princeton, 258 pp., £18.95, June 2009, 978 0 691 12657 9
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The Professional Guinea Pig: Big Pharma and the Risky World of Human Subjects 
by Roberto Abadie.
Duke, 184 pp., £15.99, October 2010, 978 0 8223 4823 8
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... The researchers are usually on-site for no more than an hour or two a day. Contract researchers may not do much intellectual work, but this doesn’t mean they are not well paid. A part-time contract researcher conducting four or five clinical trials a year can earn an average of $300,000 in extra income. In 2000, a full-time clinical trial site earned an ...

‘Kek kek! kokkow! quek quek!’

Barbara Newman: Chaucer’s Voices, 21 November 2019

Chaucer: A European Life 
by Marion Turner.
Princeton, 599 pp., £30, April 2019, 978 0 691 16009 2
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... author (or his female narrator) could imagine. The answer – sovereignty over their husbands – may disappoint; we would prefer if she had said ‘over themselves’. But that concept had yet to come. Chaucer took more risks with his representation of Criseyde. Troilus, her suitor, is a courtly lover so passive that he now reads like a caricature (a ...

Received Accents

Peter Robinson, 20 February 1986

Collected Poems 
by Charles Tomlinson.
Oxford, 351 pp., £15, September 1985, 0 19 211974 5
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Selected and New Poems: 1939-84 
by J.C. Hall.
Secker, 87 pp., £3.95, September 1985, 0 436 19052 4
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Burning the knife: New and Selected Poems 
by Robin Magowan.
Scarecrow Press, 114 pp., £13.50, September 1985, 0 8108 1777 2
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Englishmen: A Poem 
by Christopher Hope.
Heinemann, 41 pp., £4.95, September 1985, 0 434 34661 6
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Selected Poems: 1954-1982 
by John Fuller.
Secker, 175 pp., £8.95, September 1985, 0 436 16754 9
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Writing Home 
by Hugo Williams.
Oxford, 70 pp., £3.95, September 1985, 0 19 211970 2
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... you were born. If you don’t remain there, but retain some of your native accent, your identity may be partially defined by ambiguous relations to places, class positions and the sounds of your own voices. Many people’s speech is unstable in just this way, and when poets are congratulated by reviewers for having ‘found a voice’, I wonder whether their ...

Jigsaw Mummies

Tom Shippey: Pagan Britain, 6 November 2014

Pagan Britain 
by Ronald Hutton.
Yale, 480 pp., £25, November 2013, 978 0 300 19771 6
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The King in the North: The Life and Times of Oswald of Northumbria 
by Max Adams.
Head of Zeus, 450 pp., £25, August 2013, 978 1 78185 418 1
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... of grave rituals all signal belief of some kind, but the beliefs of the prehistoric millennia may have been as different from one another as any one of them was from the later documented religions; and the changes from one practice to another, like the change from long barrows to stone circles, or the later and sudden abandonment of henges, even the ...

Diary

W.G. Runciman: Exit Blair, 24 May 2007

... from resourceful young bushytail to mangy endgame quarry’. But however much future historians may discover which is unknown to the commentators of the present day, and however right or wrong Blair may be in believing that they will be kind to him, it is unlikely that either his committed admirers or his committed ...

Irangate

Edward Said, 7 May 1987

The Jaguar Smile: A Nicaraguan Journey 
by Salman Rushdie.
Picador, 171 pp., £2.95, January 1987, 0 330 29990 5
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Turning the Tide: US Intervention in Central America and the Struggle for Peace 
by Noam Chomsky.
Pluto, 298 pp., £5.95, September 1986, 0 7453 0184 3
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... in Lebanon. The argument given in defence of what was done has been, from the start, that sending Robert McFarlane to Teheran was an attempt to exploit a ‘geopolitical opening’. Both versions of the same series of events have been criticised as an affront to the stated US policy of not dealing with terrorists or terrorist states. According to the ...

Get a Real Degree

Elif Batuman, 23 September 2010

The Programme Era: Postwar Fiction and the Rise of Creative Writing 
by Mark McGurl.
Harvard, 480 pp., £25.95, April 2009, 978 0 674 03319 1
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... the plantation in Beloved, the mental ward in One Flew Over the Cuckoo’s Nest and the bus in Robert Olen Butler’s Mr Spaceman all function as metaphors for the creative writing workshop.) McGurl also provides a smart and useful typology of ‘programme’ fiction (defined as the prose work of MFA graduates and/or instructors), divided into three main ...

Spaces between the Stars

David Bromwich: Kubrick Does It Himself, 26 September 2024

Kubrick: An Odyssey 
by Robert P. Kolker and Nathan Abrams.
Faber, 649 pp., £25, January, 978 0 571 37036 8
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... to failure and the posthumous honour of indie renown. The largest exception to the rule, as Robert Kolker and Nathan Abrams show in Kubrick: An Odyssey, owed his escape to a coalescence of luck and preternatural self-confidence.Kubrick is a comprehensive Life. It yields, in orderly procession, almost every fact a scholar or a fan might want; and a fair ...

Chop, Chop, Chop

Adam Mars-Jones: ‘Grief Is the Thing with Feathers’, 21 January 2016

Grief Is the Thing with Feathers 
by Max Porter.
Faber, 114 pp., £10, September 2015, 978 0 571 32376 0
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... after taking the overdose: I am ready for death though I fear it. Of course the whole thing may not work and I shall wake up. I don’t really mind either way. Once the decision seems inevitable the courage needed was less than I thought. I don’t quite believe anything has happened though the bottle is empty. At the moment I feel very much ...

Do you think he didn’t know?

Stefan Collini: Kingsley Amis, 14 December 2006

The Life of Kingsley Amis 
by Zachary Leader.
Cape, 996 pp., £25, November 2006, 0 224 06227 1
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... Witnessing the giving of offence, like being part of the audience for someone else’s humour, may have its enjoyment, but, tellingly, the real champions of comic abuse don’t much care for this secondary role, and this points to another dimension of the pleasure involved: it’s a way of performing, attracting attention, showing off, a form of the will ...

Wham Bang, Teatime

Ian Penman: Bowie, 5 January 2017

The Age of Bowie: How David Bowie Made a World of Difference 
by Paul Morley.
Simon & Schuster, 484 pp., £20, July 2016, 978 1 4711 4808 8
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On Bowie 
by Rob Sheffield.
Headline, 197 pp., £14.99, June 2016, 978 1 4722 4104 7
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On Bowie 
by Simon Critchley.
Serpent’s Tail, 207 pp., £6.99, April 2016, 978 1 78125 745 6
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Shock and Awe: Glam Rock and Its Legacy 
by Simon Reynolds.
Faber, 704 pp., £25, October 2016, 978 0 571 30171 3
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... at Crowe’s door. When Crowe got him to sit still long enough he couldn’t stop talking, which may or may not have had something to do with the industrial amounts of pharmaceutical cocaine he was daily ingesting. He had become almost an abstraction in the dry California air: surrounded by stubbly country-rock cowboys and ...

Silly Willy

Jonathan Bate, 25 April 1991

William Blake: His Life 
by James King.
Weidenfeld, 263 pp., £25, March 1991, 0 297 81160 6
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... to say the least – especially since the Blake of the Visions of the Daughters of Albion may justifiably be claimed as a sister to Mary Wollstonecraft in the struggle to vindicate the rights of woman. And, most alarmingly in a book that advertises itself as a guide to the poetry as well as the life, it completely misses the point of the poem, which ...