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Glenn Loury on the Cover Story and the Real Story

Glenn Loury on the Cover Story and the Real Story

Released Wednesday, 8th February 2023
 1 person rated this episode
Glenn Loury on the Cover Story and the Real Story

Glenn Loury on the Cover Story and the Real Story

Glenn Loury on the Cover Story and the Real Story

Glenn Loury on the Cover Story and the Real Story

Wednesday, 8th February 2023
 1 person rated this episode
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Episode Transcript

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0:04

Conversations with Tyler is produced

0:06

by the Mercatus at George Mason

0:08

University. Bridging the gap between

0:10

academic ideas and real world problems.

0:13

Learn more at bracadis dot org.

0:16

For a full transcript of every conversation,

0:18

enhanced with helpful links. Is it

0:21

conversations with tyler dot com?

0:26

Hello, everyone, and welcome back to conversations

0:29

with

0:29

Tyler. Today, I'm here with Glen Loury

0:31

who needs no introduction. Glen? Welcome.

0:34

Thank you, Tyler. Good to be with you.

0:36

Would you like to start with economics or

0:38

with music? Why don't we start with music?

0:40

I'm not sure what you have in mind, but I'm gay.

0:43

Let's try some music questions. Let's

0:45

say that your views, the Glen Loury World

0:48

View, where writ large is a political

0:50

movement. What would the music be for that

0:52

movement? It

0:54

would be Bebop era jazz,

0:57

late fifties, early sixties. It

1:00

would be Charles Mingas. It would be

1:02

Miles Davis. It would be a young

1:04

John Cole Train. It would be a young McCoy

1:07

Tyner. It would be thelonious

1:09

monk. It would be in that space.

1:11

And why is that music the

1:14

correct association with your political

1:16

movement? Oh, actually,

1:18

it's association with my

1:21

life story and upbringing

1:24

and it was like the coolest

1:26

and the hippest and, you know, I was born

1:28

in nineteen forty eight, so I was like

1:30

fourteen years old in nineteen sixty two

1:32

and stuff was happening in my uncles and

1:35

cousins and whatnot, and everybody was listening

1:37

to this stuff. And I would just import

1:39

that into my political mood. There's no politics

1:41

in that music that I'm aware

1:43

of, but should we be looking for politics? In

1:45

music? Well,

1:46

I think it's whether we're looking for politics

1:48

in you. Right?

1:50

Okay. Let's say we take the more narrowly

1:52

Chicago R and B tradition, Curtis May

1:55

field, highlights, Jerry Butler, Major

1:56

Lance, the Dales. Right? Does any of

1:58

that become the music of your movement?

2:01

Yeah. That's in a different register.

2:04

I'm dancing now rather than sitting

2:06

back, nodding my head to the, you know,

2:08

exquisite improvisational runs.

2:10

I'm dancing to that, and I'm dancing with

2:13

a girl, you know. So it's gonna be romantic.

2:15

It's gonna have all of that kind of adolescent

2:18

stuff. But, yeah, I could I could get to Curtis

2:20

Mayfield and shy lights and Well,

2:22

in Motown too, which was right down the down

2:24

the street from

2:25

Chicago, was sort of part of

2:27

the same world.

2:29

Why has stacks faded more than Motown

2:31

with time for listeners? That's

2:34

an economist question, isn't it? I don't know

2:36

the data well enough to answer that.

2:38

But there must be a

2:39

story. But everyone still knows

2:41

Diana Ross, the Supreme's Otis

2:43

Reading is somewhat known, but a lot of the

2:45

stacks sound was maybe too gritty, or

2:48

not polished in the right way. It's not

2:50

played in in music as often, I think.

2:52

That's my impression.

2:53

Yeah. Or a smoky Robinson or

2:56

some of these others. But I don't know.

2:58

I mean, this is beyond my knowledge.

3:00

I I wanted to credit the organizational and

3:03

marketing genius of Loury Gordie at

3:05

Moulton as part of the Loury, but it

3:07

might be that it was too gritty. What about the south of

3:09

Philadelphia since we're going back? I mean,

3:11

there were

3:12

other, you know, R and B

3:14

studio dynamics that were going

3:16

on, and they have it off here as

3:18

well as Moulton has done. I agree

3:21

with that. I'm not sure why. Al still

3:23

turns up in movie soundtracks I

3:25

notice, but a lot of the rest of it may be

3:27

not. Did you ever see Jacky Brown?

3:29

That early Quentin Tarantino film, Jackie

3:31

Brown. Of course. Isn't it a TSOP

3:34

soundtrack? I believe

3:36

so. We'd have to ask GPT. Right?

3:40

GPT or

3:41

Google. Oh, okay. Okay.

3:42

Yeah. These days, it's GPT.

3:44

I'm still in Google, man. I gotta get with it.

3:47

Should we listen to Michael Jackson with

3:49

the same emotions as we did before,

3:52

or is he cancelable?

3:54

I don't know how you Michael Jackson. I

3:56

mean, you probably listen with something

3:58

firing in the back of your brain about warning

4:00

warning, but you still listen.

4:03

The song seem much sadder though. Right?

4:05

Yeah. Yeah. They do. But the pop

4:07

icon, Michael Jackson, it wasn't just the

4:09

lyrics, it wasn't just the tune, it was

4:12

the whole thing. It was the performance.

4:14

It was the dancing. It was the tragic

4:16

arc of this celebrity life. It

4:18

happened that I was in Bogotá, Columbia

4:21

teaching summer school when Jackson

4:23

died. And our host

4:26

took us out to one of these four hour lunch

4:28

stravaganza at restaurant out in the

4:30

countryside that it was beef, beef, beef,

4:33

and more beef, and it just kept coming.

4:36

And all of the wait persons were

4:38

dressed as Michael Jackson impersonators,

4:41

and there were big screens playing Michael

4:43

Jackson videos everywhere you look.

4:45

And this was in Colombia. But,

4:49

you know, such was the force of Michael Jackson's

4:52

celebrity and genius, musical

4:54

genius and personality. I

4:56

don't know. I I don't have problem listening Michael

4:58

Jackson, although you're right, I don't hear it being played

5:00

on the radio.

5:02

At what age would you let your daughter

5:04

listen to Prince's dirty mind album.

5:08

I'm gonna tell you, I don't know what's in Prince's

5:10

dirty mind album.

5:11

Well, this from the title of the album, perhaps

5:14

you have some idea. Right? I'm gonna

5:16

acknowledge, while I do have two

5:18

daughters, they're in their fifties.

5:20

So the time

5:21

Are they old enough?

5:22

Anything to say it. Yeah. I think they're

5:24

old enough. But

5:26

nowadays, can you really control what your daughter's

5:28

listening to? If you tell them,

5:31

I think in some cases, it has an

5:33

impact at times a negative or reverse

5:35

impact. Right? But words matter, Would

5:37

you put it on in front of them? Would be another

5:39

way to answer the

5:40

question. If you don't want them to listen to

5:42

Prince, that they have to listen to Prince,

5:44

that it's a mandatory right of passage

5:46

to listen to

5:47

Prince, that might get them to not listen.

5:49

Do you ever enjoy Bluegrass music?

5:53

Like, what's the wettest stuff you listen

5:55

to a

5:55

lot? And really like. You know, I don't

5:57

listen to as much music as I used to.

6:00

I'm partial to to jazz.

6:02

I'm blues. I work out Monday, Wednesday,

6:04

Friday with trainer who

6:06

has a small studio with a good

6:09

sound system. We listen to hip hop.

6:11

We listen to blues. We listen to a lot of blues.

6:13

Bluegrass. Now I love

6:16

a brilliant banjo solo

6:18

as much as the next guy. I mean, I I can

6:20

really get with it when it comes up in the soundtrack

6:22

of a movie that I'm watching or whatever.

6:24

But I wouldn't have gone out of my way

6:26

to find it. It's just something that comes across

6:28

my screen. So I'm I'm not very knowledgeable

6:31

at all about Bluegrass or about

6:33

the

6:33

country. For that matter. Do

6:35

you like the movie deliverance speaking of

6:37

Banjo Salos? It's been

6:39

a long time since I've seen it again, but,

6:41

you know, yeah, it was disquieting at

6:44

a very deep level.

6:46

I'd like to go back and revisit your early

6:48

career in theoretical economics, see

6:50

what some of your current thoughts are on those

6:52

pieces, are you game?

6:54

Okay. Yeah. I'm game. Do

6:57

markets exhaust natural resources

6:59

in the ground? Too rapidly or

7:01

too slowly under competitive

7:03

conditions. What's your current view? Well,

7:06

in that you haven't internalized the environmental

7:08

sternality, I'd say probably if

7:10

I had to answer that question too rapidly or

7:12

too

7:13

slowly, too rapidly. Because

7:15

there'll be too much of the environmental externality

7:17

now, whereas you should spread it out over

7:19

time. Is that the implicit belief?

7:22

Well, no. Just my thought process was

7:25

that the initial price level would be higher.

7:27

The theory tells us that the price is supposed

7:30

to rise at the rate of interest or something

7:32

like that because the supplier can substitute

7:34

supply today versus supplied tomorrow.

7:36

So he has to anticipate a return in price

7:38

terms that's comparable to what he did if

7:40

he sold it all today. So I don't

7:42

know that anything about the environment

7:45

influences the rate of increase

7:47

of prices and the pure theory of

7:49

pricing of natural

7:50

Loury. But the level is too low.

7:53

So should we be happy when a lot of those

7:55

resources perhaps are held by

7:57

monopolies? Because the monopolist will

7:59

restrain

7:59

output. Right? And that brings us closer

8:02

to an optimal or not. Yeah.

8:04

Well, I think that's worth exploring.

8:06

The quantitative magnitudes probably matter.

8:09

Maybe the monopolists monopoly is

8:11

so strong that he overshoots in terms

8:13

of internalizing the kind of Peruvian,

8:16

you know, tax that you wanna slap on to

8:18

the market price in a competitive environment.

8:20

So it might be the monopolist. It's too much of a

8:22

a monopolist, but at least it's worth

8:24

I think thinking about. Better than relying

8:27

on monopoly would be having a government

8:29

that could estimate what the right,

8:31

you know, non priced external

8:33

cost of the use of the fuel

8:35

is and then slap that tax

8:37

on, but that's a political impossibility. Sure.

8:40

And governments very often subsidize

8:42

say fossil fuels more than they tax them.

8:44

Now here's a nineteen, I think seventy nine

8:46

release from Glenn Loury. Are larger small

8:49

firms better at innovation? What do you think these

8:51

days?

8:52

I think that that was a nice little paper,

8:54

the GJE circuit nineteen seventy

8:56

nine. I was proud of it. I took this

8:58

problem that guys like Mike Scheurer,

9:00

the distinguished IO guy at that time

9:03

or more came in or other people had been

9:05

worried about its market structure and

9:08

innovation. What's the relationship between

9:10

the two. And I had a nice,

9:12

you know, little stick figure

9:14

model where I could analyze that issue.

9:17

But I never got beyond an industry

9:19

with identical firms and they were either

9:21

in of them or in plus one of them.

9:23

And that was my parameterization

9:27

of competition, more firms, more competition.

9:29

I didn't get it at all into real

9:32

industrial organization, which would have

9:34

to do with, you know, oligopoly and,

9:37

you know, a size distribution of firms

9:39

in the industry and so on. And

9:41

I'm trying to remember Well, what

9:43

I had to say about the relationship

9:45

between number of firms and rate of

9:47

innovation, I think. The rate of innovation is

9:49

increasing in the number of firms but

9:51

think that's what I found. But it's

9:53

a long time ago, time. When

9:56

you were researching newspapers and

9:58

writing them, what did you see then?

10:01

As your career trajectory. What did you

10:03

think what the seventy two year old Glen Loury

10:05

would be?

10:07

I thought This is, by the way, before

10:09

Glenn Loury becomes at all political. I

10:11

was just an applied theorist. I was a student

10:13

of Bob Solo, Peter Diamond, MIT,

10:16

and nineteen seventies. I thought

10:18

I was just gonna write papers more

10:20

or less like that. For the rest of my

10:22

academic life, I thought, you know, getting into

10:24

a top five journal and getting

10:26

elected a fellow of the econometric society

10:29

and getting grants from the National Science

10:32

Foundation was the be all and end all of

10:34

my professional life. I was at Northwestern

10:36

in my first job in the late seventies,

10:39

and I get this. The year that I

10:41

was hired, Roger Meyers, who

10:43

was also hired in the theory

10:45

group at Northwestern. The next year,

10:47

Bank Tomstrom showed up

10:50

The following year, Paul Milgram showed

10:52

up. Leonette Herwitz was always

10:54

around because he and Stan Ryder were very

10:56

close buddies that Leon was up at Minnesota,

10:59

but he was always around at conferences and

11:01

seminars and stuff like that. I was

11:03

right there at the birth of mechanism

11:06

design and information

11:08

economic and the revolution and

11:11

theory of auctions and bargaining and

11:13

stuff like that that was going on in

11:15

my midst. And I didn't appreciate

11:17

fully at the time the

11:20

extraordinary and, you know,

11:22

revolutionary character of the developments

11:24

in economic theory did. I was in the midst of. I was

11:26

still, you know, using my differential calculus

11:29

and, you know, just trying to write down these little

11:31

silly models, and I didn't have deep

11:33

questions. That's that's what I'm trying to get to.

11:35

There's several Nobel laureates in your list

11:37

of names as you know.

11:39

Yeah. That's what I'm saying. Now

11:41

when you meet promising young economists today

11:44

in graduate school, is your first

11:46

thought, oh, let the person stay on that

11:48

path and be the next Roger Myers,

11:50

or do you a bit wanna shake them? And

11:52

say, I want more of you to go the Glen

11:54

Loury Way and be public intellectuals

11:56

or some of the other things you've

11:58

done. What's your gut reaction to that?

12:00

No. I don't do that. I want them

12:02

to get jobs. I want them to have a

12:04

successful launch. I wanna get

12:07

them focused on question in writing.

12:09

Now, I must say, I'm not advising very many

12:11

graduate students these days in heaven for some

12:13

years now, but I wanna get them focused

12:15

on producing a dissertation that's marketable.

12:17

So I want them to ask a good question. And

12:20

I want them to use rigorous methods appropriate

12:22

to the, you know, high standards that

12:24

we have. But these days, my kind of

12:26

applied theory life that I took

12:28

up more or less successfully in the decade

12:31

after I left graduate school is Pasei.

12:33

Everybody is calibrating and estimating

12:36

and they're looking for a natural experiment

12:38

or a quasi natural experiment or

12:40

whatever it is, and they're doing

12:42

the kind of empirical work that you can do

12:44

now with the computing power that we have and the data

12:47

availability and whatnot, the profession is completely

12:49

different. So I I wouldn't advise a young graduate

12:51

student to follow in the path of writing papers

12:54

like the papers that I wrote because a, they're

12:56

not gonna get in the AER and

12:58

b, you know, you wanna get a job. I mean,

13:00

you know, you wanna be able to sell yourself.

13:03

But III confessed to being a little bit

13:05

alienated from the profession these last

13:07

years, especially as my public intellectual

13:09

profile has risen. I don't spend that much

13:11

time worrying about what to tell graduate students.

13:13

I don't teach graduate students. I used to

13:15

teach microeconomic theory to

13:17

our first year PhD students But

13:20

two years ago, I stepped aside from that.

13:22

We have, like, eight theorists in our department

13:24

and the younger professors weren't able

13:26

to get at the graduate students in the first year.

13:29

They're eight of us, and there's

13:31

only those two courses. So I thought

13:33

I it was time for me to make room for some other

13:35

people. To teach theory to our

13:37

graduate students. So I'm I'm not doing

13:39

very much interacting with graduate students

13:41

these

13:42

days.

13:42

What's your favorite Thomas shelling story?

13:45

Okay. This

13:47

is a story about me as much as it is about

13:49

time shelling the year is nineteen

13:52

eighty four. I've been at Harvard for two

13:54

years. I'm a need a professor of economics and

13:56

of afro American studies, and I'm having

13:58

a crisis of confidence thicken. I'm never gonna

14:01

write another paper worth reading again. Tom

14:03

is a friend. He helped to recruit me

14:05

because he was on the committee that Henry

14:07

Ryssovsky, the famous and

14:09

powerful dean of the College of the Factory

14:12

of Arts and Sciences and Harvard, who hired me

14:14

The committee that Ryssovsky put together to

14:16

try to find someone who could feel the position

14:18

that I was hired into. Professor of Economics,

14:21

and of afro American studies. They said

14:23

afro American in those years. So

14:25

Tom was my connection. He's

14:27

the guy who called me up when I was sitting

14:29

at Michigan in Ann Arbor in

14:31

early eighty two and said, you know, do you think

14:34

you might be interested in a job out here? So

14:36

he had helped to recruit me. So I had this crisis

14:38

confidence. Am I ever gonna write another paper? Am I ever gonna

14:40

write another paper? So I'm saying this to Tom, and

14:42

he's sitting, sober, listening, nodding.

14:45

And somebody starts laughing. And he

14:47

can't stop and the laughing becomes uncontrollable.

14:50

And I am completely foremost

14:52

by this. What the hell is he laughing

14:55

at? What's so funny? I just told him something

14:57

I wouldn't even tell my wife, which is was

14:59

afraid I was failure that was an impostor

15:01

syndrome situation that I could never measure

15:03

up. Everybody in the faculty meeting

15:05

at Harvard's Economics Department in nineteen

15:07

eighty two was famous. Everybody you know,

15:10

and I was six years out of graduate school,

15:12

and I didn't know if I could fit in. He's laughing.

15:14

And I I couldn't get in after Wiley, David

15:16

gains his composure. And he says,

15:18

You think you're the only one? This

15:21

place is full of neurotics hiding

15:23

behind their secretaries and their ten

15:25

foot oak doors Fearing the

15:27

dreaded question, what have you done for

15:29

me lately? Why don't you just put

15:31

your head down and do your work? Believe

15:33

me. Everything will be okay. That was time, Shelly.

15:36

He was great. I still miss him. I

15:38

have a few questions about America for

15:40

you. Where is the best place to raise a

15:42

family in the United States today?

15:45

Oh, gosh. It's gonna sound like a

15:47

cliche. I'm gonna say something like a

15:49

a small town in Ohio or

15:52

a Missouri or someplace like that.

15:54

Where there's a Presbyterian Church

15:56

or a Lutheran Church on the corner

15:58

where it's suffocating in the sense that

16:00

everybody knows everybody else's business,

16:02

but, you know, schools are halfway decent. You

16:04

can let your kids play until the

16:06

sun goes down without worrying about their well-being,

16:09

and you can leave your back door unlocked if you

16:11

dare. But That's corny. Doesn't

16:13

that sound corny to

16:14

you? Yeah.

16:15

But corny is good. What about Providence Rhode

16:17

Island? Right? That's that's where brown is.

16:19

What do you think? You know, I was past the

16:21

kid bearing age by the time I got here

16:23

in two thousand and five, but I

16:25

see my younger colleagues and if you

16:27

can get past the problem that the public

16:30

schools are challenged. And,

16:32

you know, you you have to work really really

16:34

hard to find a school

16:36

and a program and a community that

16:38

you could be confident in your kids too. And so

16:40

a lot of my colleagues send their

16:42

children to private schools and it, you know, it's

16:44

costing them fifty thousand a year per kid

16:46

or whatever it costs which ain't nothing.

16:49

If you can get past that problem, Providence

16:51

is not so bad. I live on the east side

16:53

of Providence and Brown University sits

16:55

up on a hill go down the hill across

16:57

the river into the flatlands, and that's

17:00

where the quote unquote real city

17:02

of Providence is. And it's or it can class

17:04

town. It's doing better than it had been doing

17:06

thirty years ago. I think it's, you know, the

17:08

the restaurants are good. The economic

17:10

climate here seems to be healthy. There

17:13

are challenges up here on the east side,

17:15

it's a bedroom community of middle,

17:17

upper middle class, mostly single

17:19

family housing on decent

17:21

sized lots. It's quiet. There's crime in

17:24

Providence. There's not so much crime on the east

17:26

side, so it's not a bad place.

17:28

And I like the smaller town,

17:30

Providence is maybe two hundred thousand

17:32

relative to I lived in Boston for many

17:34

years. I was born in Chicago. There are

17:36

no traffic jams to speak of around

17:38

here in Providence when I wanted to

17:40

vote and had to go to city hall in order

17:43

to cast my ballot, I could park my

17:45

vehicle across the street from

17:47

city hall and walk in cast my

17:49

ballot, walk back out again, things like

17:51

that. I like myself personally, the

17:53

smallest scale of this town that

17:55

I'm living in.

17:56

Why do undergraduates today seem

17:59

to have worse mental health issues than

18:01

they did say twenty years

18:02

ago? You're

18:03

asking the wrong guy, but I'll I'll then

18:05

You teach them. Right?

18:07

I do teach them and they're under enormous stress.

18:09

You must have noticed that. But from

18:11

what? Right? Levels of wealth are higher

18:14

If they're going to brown, their future, while

18:16

not

18:16

assured, is certainly not looking bad,

18:18

what's really going on here? I

18:20

again confess ignorance, but I will nevertheless

18:22

plunge a hit. They all wanna, you

18:24

know, get the brass ring. I agree with

18:27

you that the prospects for there are Loury, all

18:29

things considered, but not everybody is gonna

18:31

get into Stanford law school or Yale Law

18:33

School or the Chicago business school

18:35

or get hired as a a young

18:37

associate at one of the investment banks

18:39

or something. They're they're fiercely competitive.

18:42

The great grubbing is mind boggling.

18:44

They seem to be driven

18:46

by this idea that each and every one of

18:48

them has to be in top ten percent when only ten

18:51

percent of them are going to

18:52

be. So that's part of it. But you you're

18:54

asking the wrong guy. You need a culture critic

18:56

to respond. You are a culture critic Glen.

18:58

And you've thought these people for so long.

19:00

Now is it different for black students

19:03

at top schools such as

19:04

brown, similar set of mental health

19:07

problems or quite a different situation. What

19:09

do you think? I think it's a different situation.

19:11

I won't qualify my quantity further

19:13

by saying, I don't know what I'm talking about. Let's just

19:15

stipulate that I don't know what I'm talking about, but I'm gonna

19:17

talk anyway. I think they

19:20

are for the black students, the

19:22

kinds of pressures that I mentioned, which

19:24

might be moderately ameliorated

19:28

by the fact that affirmative

19:30

action both in postgraduate

19:33

admissions programs and in employment

19:36

gives them a leg up, a black kid with a

19:38

decent portfolio coming out of brown

19:41

probably is in a relatively

19:43

advantaged competitive position for

19:45

the next step. But they are

19:48

black kids and they're in depending

19:50

on the background, now they may feel exactly

19:52

perfectly comfortable in an elite

19:55

environment if they come from the

19:57

increasingly large number of prosperous

19:59

black families who sending their children off to

20:01

places like brown, but I've known many

20:03

kids of color as they say who didn't

20:05

have those advantages and nevertheless find themselves

20:07

because they're CrackerJack smart

20:09

and they got discovered here

20:12

or there and channeled into the

20:14

funneling mechanism that leads to them getting

20:16

admitted to brown who didn't feel like comfortable

20:19

socially in this environment, which

20:21

is pretty high pressured in

20:23

in a pretty elite, self consciously elite,

20:25

almost smugly so. But, you know,

20:27

I'm in my seventies and the kids

20:29

don't come and cry on my shoulder. I don't

20:31

know what's keeping them up at night.

20:33

Moving somewhat away from the elite fentanyl

20:36

as the driver of a high death rate in the

20:38

United States. How's that one going to

20:40

end? Do we just cycle through where all

20:42

the people who can get addicted, become addicted,

20:44

and a lot of them die, and then it burns out

20:46

after a generation. Is there something we

20:48

can do? Will it continue to spread to

20:51

blacks and not just say whites in the

20:52

Midwest? What's the equilibrium? That's

20:55

a good question. It could be very bad.

20:57

It could be that we're not at the beginning

20:59

of the end that we're just kinda at the

21:01

end of the beginning with it. I hadn't even thought

21:04

about the social contagion

21:06

aspects of the question. was thinking mostly

21:08

about enforcement issues. Can you keep it from

21:10

coming across the border treatment issues?

21:12

What do you do with people who are susceptible

21:15

to the addiction and who are find themselves

21:17

in trouble. There's some accountability for

21:19

the opioid epidemic problem

21:22

with pharmaceutical companies

21:24

and so on. That's the kind of thing that I was thinking

21:26

about. But breaking through

21:28

to other elements of the population, and

21:30

you're right, it's not yet as far as

21:32

I know, anything like the crack epidemic

21:35

of the eighties and early nineties was

21:38

for Urban Black America, but

21:41

heroin is not an unknown drug

21:44

of choice in those precincts, and I I gathered

21:46

very highly

21:46

substitutable. So again, I'm gonna confess

21:49

ignorance, but I'm Loury. You've got me

21:51

worried now. In your life, when you

21:53

stopped taking drugs, did you feel

21:55

you had lost anything positive, or was it

21:57

just pure gain? Like, that was just a terrible

21:59

thing. And once I could stop, I was just

22:01

flat out better off. Or is there some kind

22:04

of fun that you actually

22:05

lose? You know, that's a good question.

22:08

I'm actually at the end stages

22:10

now finalizing my draft of my memoir

22:12

manuscript that I'll be submitting to the publisher

22:14

in few weeks, literally. Is actually

22:16

gonna happen. Anybody who's followed me

22:18

knows I've been talking about writing a memoir for

22:20

almost a decade and, you know, people were

22:22

saying, where's the book? Where's the book? Where's the book? Well, the book's gonna happen?

22:25

And in it, I tell the story being

22:27

addicted and free basing cocaine,

22:29

crack cocaine in the late eighties. And

22:32

I went into treatment, and I went to a halfway

22:34

house, and I went and I fought alcoholics

22:36

anonymous, narcotics anonymous, the support

22:38

of my lovely wife, the late economist,

22:41

Linda Loury. Thank god for her,

22:43

for the Church that community that took

22:45

me in and so on and I kicked it. But

22:48

I thought I was missing something. I thought

22:50

that there was a kind of fun.

22:52

You call it a a kind of excitement, a

22:55

a kind of sensation of,

22:57

know, euphoria. And so

22:59

having gone two years sober, I

23:02

took myself back to one of my

23:04

places where I would comp. I bought a little

23:06

cocaine. I prepared it and

23:08

I smoked it. And the feelings of euphoria

23:11

came back just as I had remembered them,

23:13

but also with them came a

23:15

sense of shame. I mean, there was

23:17

no doubt that I was experiencing a

23:20

titillation, a euphoric sensation

23:23

that was quote unquote happiness

23:25

there. But

23:26

having gone through as it were

23:28

the valley of the shadow of death

23:30

and having emerged from it to the

23:33

arms of a loving wife who stuck with me

23:35

and a young family that was coming along my

23:37

son's Glen and Niamaya,

23:40

who were in their thirties now, having done all of

23:42

that, I asked myself, is this

23:44

what you were willing to risk everything for?

23:47

And I realized that there was no doubt about the

23:49

euphoria. The euphoria was certainly there.

23:51

But my obsessive pursuit of it which

23:54

had nearly destroyed me was a way

23:56

of living that was just undignified and

23:58

contemptuous. And so I I

24:00

put the pipe down after a couple of hits, packaged

24:03

everything up, threw it in the trash, and never

24:05

touch cocaine again. So I was wondering

24:07

about your question about what was I

24:10

missing, and I decided having

24:12

done this thing, this unforgivable thing

24:14

from the alcoholics anonymous of

24:16

you, it was unforgivable what I did, but I just

24:18

had to find out. Now, this

24:20

process of writing your memoir, obviously,

24:23

you had already lived those years. But

24:25

to write them

24:25

up, put them together, edit them, rewrite.

24:27

What's the main thing you learned about yourself? Okay.

24:32

So one of the motifs in the book

24:34

is to distinguish between the cover story

24:37

and the real story because there's so

24:39

many junches in my life where

24:41

living my life and thinking back on

24:43

it unreflectively, just thinking back

24:46

on it, I embrace the cover Loury. Oh,

24:48

I did that. Because it's always self

24:50

franchising. It's always not as

24:52

craving, not as kallo, not

24:54

as vicious, not as obsessively

24:57

monomaniacally narcissistic

25:00

as it actually was. I never remember it the

25:02

way it actually was. So what

25:04

I've done in producing

25:06

this book and reliving these critical

25:09

junctions. You know, for example, I really did lose

25:11

my nerve when I got to Harvard in the early nineteen

25:13

eighties. I didn't do what Tom shelling advised

25:16

me to do with just put my head down and write

25:18

my little papers about natural resources or

25:20

imperfect competition or imperfect

25:23

information or whatever. I didn't do that.

25:25

I jumped ship. I left economic

25:27

theory behind entirely and I became a Reagan

25:30

conservative political pundit black

25:32

guy. I was pretty good at it, and

25:34

I would say in retrospect, I was

25:36

more often right than wrong in some of the political

25:38

positions that I took. This will come as

25:40

a upsetting remark to some people

25:42

who who know and love me. But I I think conservatives

25:45

have the better of those arguments than those years.

25:47

But be that as it may. The real

25:50

reason. I'm just giving an example. You asked

25:52

me, what if I learned about myself? And I've learned

25:54

that my capacity for self delusion

25:57

is almost unbounded, and

25:59

it's a very dangerous thing. Because

26:01

I had persuaded myself that

26:03

economics department was coal at

26:05

Harvard in the early eighties and and, you know,

26:07

didn't have anybody except for Tom.

26:09

I persuaded myself that Harvest,

26:12

saddled me with these dual responsibilities

26:14

in afro American studies and in economics,

26:16

you're gonna be a humanist, and you're gonna

26:18

be theoretical social scientist at the same

26:21

time. It's almost impossible for anybody to do.

26:23

Let alone a thirty four year old guy

26:25

who's, you know, barely got his legs under him.

26:27

I persuaded myself of everything

26:29

other than the real story. And

26:31

the real story was that I choked.

26:33

I blinked. I lost my nerve. I

26:35

was afraid of failure. I found something

26:38

else that I could do that would generate

26:40

a claim. I went from the economics department

26:42

to the Kennedy School. They were very happy to have me at the

26:44

Kennedy School of Governors. A wonderful

26:46

place. It's just not a place if you're a serious economic

26:49

theorist that you would want to spend most of your time.

26:51

And it was just too easy

26:53

for me to do Now, I could blame

26:56

affirmative action. I could blame the larger

26:58

political environment and whatnot, but I know

27:00

within myself, I was afraid

27:03

a failing. Every time I opened up econometric

27:05

and I saw another paper from Roger Myers

27:07

and Paul Milgram, I was asking

27:09

myself, would I ever write a paper like that?

27:11

And I had it out. Here, if I go over to

27:13

the community school and become a pundit, no one's

27:15

ever gonna ask me to write a paper like that.

27:18

I learned that about myself through

27:20

forcing myself to be honest

27:22

in retrospect about what was really going

27:25

on with

27:25

me. And there are many other stories like that. I won't

27:27

try to recount them all because I I want to say

27:29

something for the book. I have a few questions

27:32

about race for you. Do you have any interest in that

27:34

topic? Let's

27:36

take the part of the white right wing

27:39

that really likes you. And I know there's different

27:41

phases in your thought, but overall, they really

27:43

like you. What's the main point or insight?

27:45

They are missing when it comes to race that you

27:47

would like them to

27:49

know, but they don't. Thanks for asking

27:51

that question. I think I have an answer. Those

27:53

people who are languishing in the

27:55

Ghettos housing projects, the

27:57

lockups, the emergency rooms, so

27:59

the hospital wards, the ones who are doing the

28:01

car jacking, the ones who are doing the

28:03

crazy that you see when you turn on your

28:05

television and you look at what's going on in Chicago

28:08

or Baltimore or Saint Louis or

28:10

Philadelphia. Those people are

28:12

us. There are people. Those

28:14

are Americans. They are

28:16

us. That's us. It's not

28:18

them. That's what I'd like them to understand that. I

28:21

don't think that they are my right wing, you

28:23

know, acolytes. I don't think many

28:25

of them get that. I think they think this is

28:27

an alien imposition upon it otherwise.

28:30

More or less pristine euro

28:33

American canvas. They they think there's

28:35

whole pockets of America that

28:38

they need to protect themselves from in

28:40

True enough, they do. Sometimes,

28:42

need to protect themselves. But

28:45

those are our people over

28:46

there. That's our failure. This is an American

28:48

story. Not a black American

28:51

story. And why doesn't that lesson

28:53

get through? Is it that it's not articulated well

28:55

enough? The people are close minded, racism,

28:58

or what? What's your account of why

29:00

that remains insufficiently known?

29:03

Maybe human nature, maybe it's very easy

29:05

us and them. I mean, I could, by

29:07

the way, flip the script on that and say

29:09

to the radical black activists who

29:11

are rather demanding Black

29:13

Lives Matter Justice that the

29:16

working class, you know, struggling,

29:18

white truck driver, you know, gas

29:21

station attendant guidance working or

29:23

woman that's working, who's attracted

29:25

to the populist rhetoric and who might wanna

29:27

vote for Trump. But those are people too. They're

29:29

people not so differently from ourselves that they

29:31

have a Loury. Everybody has a

29:33

story that a little bit of generosity would go

29:35

long way. I could say that to a black activist and

29:38

they would have a hard time hearing it. It may be

29:40

that empathy and a

29:42

a kind of suspension of disbelief, a kind

29:44

of interrogation of your gut visceral

29:47

instinct to react with at

29:49

homonym and react with a categorical dismissal

29:52

and with a stereotype. It may

29:54

be that the ability to resist that

29:56

impulse is difficult for anybody to come by.

29:58

I would also say that I speculate here

30:00

a little bit, but you're not gonna let me stop speculating.

30:03

That the political interest of various actors

30:05

who have to marshal majorities

30:08

at the electorate and who have to develop

30:10

narratives that get the juices flowing

30:12

in one way or another for their supporters militates

30:15

against that kind of more

30:17

moderate and self effacing

30:20

and humble posture I'm

30:22

not the Christian that I used to be when

30:24

I was coming out of drug addiction, I was

30:27

much more observant and fervent,

30:29

but it seems to me that in the teachings,

30:32

that I can recall from my encounters

30:34

with Christianity about humility about

30:37

walking, thinking, doing, and acting

30:39

as Christ would do as

30:41

he would have us

30:42

do, that there's just a lot there.

30:44

And I think that it's a lot easier

30:46

to talk to talk than it is to walk to walk

30:48

on that. Which aspects of

30:50

the US black experience do you wish

30:53

that you knew more

30:54

about? By the way, let me just comment.

30:56

I like your technique. I

30:58

like your your podcast interview technique.

31:00

I I may well emulate it.

31:01

Okay. All I need is a list of twenty questions that

31:03

we could talk about forever. So

31:05

I have this ongoing conversation with my

31:08

friend John McWarner at the Glen Show,

31:10

where we talk about Omar. Omar

31:12

is a type. He's just you

31:14

know, stand in representation of

31:17

dysfunctional, probably

31:19

on the wrong side of the line in terms of law

31:22

enforcement bragging about having

31:24

babies buy three different women, can't

31:26

keep a job, dropped out of school, etcetera,

31:29

problematic kid in the ghetto. And

31:31

John says Omar makes me sad,

31:34

and Omar makes you mad. He he says this

31:36

to me. This is one of our things. How do

31:38

we react to the fact of this dysfunction

31:41

that is so prevalent in

31:43

low income black communities that creates

31:45

such problems for others who

31:48

share those communities with them and for

31:50

society more broadly, that

31:52

redowns to the discredit of

31:54

African American society, you can't

31:56

be proud of a quote, thug close

31:58

quote, can you reaction to this

32:01

dysfunction. He makes me mad.

32:03

I don't understand him. I don't understand

32:06

how you take a pistol,

32:09

fire it off the window of a vehicle in a residential

32:11

area where you know people are sitting on front porches

32:13

and you have no idea where that bullet is gonna

32:15

land, and then crow about it. I don't

32:17

understand. I don't know what those frustrations

32:20

are. I

32:21

don't know the story. don't know all my

32:23

Loury, not really. I I know stereotypes

32:25

about the story, cartoon representations

32:28

of the Loury. Is he angry?

32:31

Is he disconstantly? Does he have

32:33

hope? What does he believe in?

32:35

And I'm saying he and I'm saying Omar, but

32:37

of course, it doesn't just apply to the guys.

32:40

I don't really know what's going on. And when

32:42

I meet people, social workers cops,

32:44

nurses, religious people who

32:46

are working on the ground in these communities. They're

32:49

trying to tell me a little bit about what life

32:51

is like and so on and I wish I

32:53

knew more about it. I wish I could have more

32:56

factually grounded empathy

32:58

for the people who I am

33:00

so quick to castigate for creating

33:03

the problems. But whose genuine life

33:05

stories I don't know so much about.

33:07

And I wish that the creative

33:10

arts and and the journalistic practice

33:12

would get grittier. Wouldn't be so much

33:14

in the service of a quote unquote progressive

33:17

political program, but just tell me what's

33:19

going on. I want to go inside

33:21

those housing projects and find out what

33:23

people are actually saying to each other and doing to

33:25

each other and how they feel about it.

33:27

And I don't trust the sabotage that

33:30

I get because it's all too ten

33:32

ditches and in the service of

33:34

making sure that Donald Trump doesn't get any more

33:36

votes than he might otherwise get or that

33:38

the black lives matter comes out smelling like

33:40

roses. I wanna know the real story.

33:43

If I flatter myself with this, forgive me.

33:45

Think would allow me to be less mad

33:47

and more sad when I encounter

33:50

the mischief that Omar is creating

33:52

throughout the country.

33:54

Now we've had John McWarner on this

33:56

show and I know you and he have had many

33:58

many dialogues. If you were to boil

34:00

down the differences between you and him and

34:02

your views to the smallest most

34:04

abstract number of dimensions

34:06

possible. To what would you attribute those differences?

34:08

Like, what's the key difference and where does it

34:10

come from? He cares

34:13

what his colleagues at The New York Times think

34:15

about him. And I stopped giving a damn

34:17

about that a long time

34:18

ago. And

34:19

before he wrote for the times, that's pretty recent.

34:22

Right? Yeah. The times are just the

34:24

last year or two. But I mean, he lives

34:26

there in New York. He goes to cocktail parties

34:28

and stuff. I mean, I'll give an example. I

34:30

don't think I betray his confidence in saying

34:32

this. I cannot get John to discuss

34:34

the transgender debate in our

34:36

conversation. I'm not asking him to agree

34:39

or disagree with anything. I just wanna take up the

34:41

question. He refuses to do so.

34:43

God love him. And he says it's a

34:45

complete losing bet. I mean,

34:47

you know, all that is gonna happen is if I

34:49

say when actually take a ton of

34:50

bricks, it's gonna follow me, and so I won't talk about

34:53

it.

34:53

On race, who is your strongest critic?

34:55

On race? The best critic of you.

34:58

You gotta think I'm dodging your question. My

35:01

wife Luan Loury.

35:04

It's not a dodge at all. It's probably an

35:06

excellent answer, not that I know her, but it

35:08

makes sense to me. I think it's

35:10

correct, frankly. Every

35:14

time I go into one of my rant at the

35:16

Glen Show and I start you know, complaining

35:18

about whatever. Affirmative action or

35:20

to defund the police movement or

35:23

critical race theory or

35:26

whatever. She'll say something like

35:28

the real structural issues

35:30

here have to do with economics.

35:33

They have to do with a decent social

35:35

provision. They have to do with corporations getting

35:38

away without paying any taxes. They have to do

35:40

with inequality. They have to do with the defects

35:42

of capitalism to which you are seemingly

35:45

indifferent or unwilling to acknowledge.

35:48

And all of this culture war stuff that

35:50

you engage in, this is my wife talking to

35:52

me about complaining about critical race

35:54

theory or whatever, is just

35:57

a dodge. It's a smoke

35:59

screen from confronting the

36:01

underlying power dynamics that

36:03

generate and sustain inequality and

36:05

privilege and disadvantage and whatnot in

36:07

the society. And that's what I want you to

36:09

talk about. I want you to talk about why

36:11

people can't pay the rent.

36:13

About why the wage is so low,

36:16

about why they can't get decent health

36:18

care and about why the fat cats

36:20

get away on Wall Street and everywhere else

36:23

Practically, they get away with murder, you

36:25

know, and no one ever holds into account. You're any

36:27

economist? Why aren't you developing and

36:30

expositing critical theories

36:32

that address yourself to the real foundation

36:35

of disparities of power, influence,

36:37

and success in our society instead

36:39

of shooting fish in a barrel. I paraphrase,

36:42

but this is pretty much her argument. She doesn't really

36:44

disagree with me about a lot of

36:46

this

36:46

stuff. It's just that she thinks it's the wrong

36:48

target.

36:49

But is she right? That's

36:51

the last chapter of the memoir. In

36:53

your own evolution of your views

36:55

on religion, am I correct in thinking

36:57

you've moved from a Christian evangelical

36:59

to some kind of

37:00

agnostic? Or how would you describe it?

37:02

Yeah. I think that's probably accurate.

37:05

How did that change your views on abortion,

37:07

that evolution? Not at all, frankly.

37:09

I was always one of these people who thought

37:12

that the fetus, before it's viable

37:14

outside the womb, that's one thing

37:17

and people might decide to terminate the

37:19

pregnancy. I could have a private conversation with

37:21

someone about that, but that the law shouldn't intervene.

37:23

But that late term, that's a

37:25

human being, and you

37:27

can't just dispose of it for your

37:29

convenience. I've always thought that. I thought

37:31

that even before I was a Christian.

37:34

So which of your views did change the most

37:37

due to the evolution of your religious

37:39

opinions? I'd say, this

37:41

is off the top of my head here. My

37:44

willingness to hold

37:47

myself to account and accept

37:49

responsibility for the

37:51

way in which I was conducting my life. I don't

37:53

know if you remember the bonfire of

37:55

the vanities. Of course. bonfire of the vanities.

37:57

That was Tom Wolf, comic novels

38:00

from the mid nineteen eighties and he had in

38:02

there. I can't remember the protagonist's name,

38:04

but a bond trader guy who had made

38:06

a lot of money and gotten self

38:08

caught up in a series of

38:10

unbelievable fiascos that ended up ruining

38:13

him. And the bond trader guy was a master

38:15

of the universe, and I always thought of myself as

38:17

a mass of the universe, notwithstanding my

38:19

crisis of confidence when I moved to

38:21

Harvard or whatnot. I I was a high flyer.

38:24

I had shaken hands with the president of the United

38:26

States. I had spoken on five continents.

38:28

You know, I was making money and and I was

38:31

famous. And the world was my oyster, and

38:33

I was accountable to no one. Not

38:35

to the loving woman who was

38:37

by my side, whom I did not respect

38:40

from the way in which I conducted our marriage for

38:42

years, Not to the people

38:44

from whence I had come off

38:46

of the south side of Chicago who were looking

38:49

to me for a certain kind of leadership that I

38:51

was not interested in providing. I

38:53

had no real connections

38:56

with community. I mean, I had these

38:58

folk communities that I would flip around

39:00

with but I didn't have real deep

39:02

personal relationships that

39:04

went across class lines or racial

39:06

lines for that matter. I was a performer I

39:09

was self absorbed. I was a narcissist.

39:12

And I didn't take

39:14

responsibility for that, and it ended up getting

39:16

me into the called a sec

39:18

into which I ultimately

39:20

wandered. Then you become religious but

39:22

moving from religious to agnostic. How

39:24

does that then change your

39:26

views? You go back to being a narcissist. I'm sorry.

39:28

Maybe I misunderstood the question. No.

39:30

And agnostic is not atheist.

39:33

Right? And it's a saying that there's kind

39:35

of mystery there and there's a kind of ah, you

39:37

have a suspension of disbelief, which I

39:39

certainly indulge when I became

39:41

religious and there's a kind of suspension of

39:44

belief What am I asked to believe

39:46

as a Christian? I'm asked to believe literally

39:48

that a man born of a woman was

39:51

divine and that on the occasion

39:53

of his death, he was raced

39:55

from the dead and he lives on to this day.

39:57

I can't believe that.

40:00

I don't know that I ever actually believed

40:02

it. But there's a mystery here,

40:05

and I don't know. And I

40:07

think the quest for belief is noble.

40:10

I think the arrogance of

40:12

a kind of presumption of omniscience on

40:14

my part. Well, you know, I know that that's

40:16

just a lot of bunk. Offends me.

40:18

So An old different in mind

40:20

was the great sociologist Peter Berger,

40:23

now dead, but for many years a great

40:25

man who wrote many books about

40:27

many things. Including about the sociology

40:30

of religion. And he was lutheran.

40:33

And he became alienated

40:35

by the lutheran clergy because they were two

40:38

postmodern y liberal and

40:40

relativist and whatnot in his view.

40:43

But he used to go to a

40:45

Greek orthodox Church

40:48

in Brookline, Massachusetts and

40:50

sit in the back pew and listen to

40:52

the music and smell the incense

40:55

and hear the bells and he just

40:57

immersed himself in that mailier.

41:00

And he wasn't looking for an answer. It wasn't

41:02

a logical proposition. It was

41:04

simply being in the midst of the faithful.

41:06

And do that sometimes. I I don't go to

41:08

church on regular basis, but especially

41:11

in the years after my late wife Linda

41:13

Loury passed away in two thousand and eleven.

41:15

I found myself sometimes just wanting

41:17

to be in the midst of people

41:20

whose belief was affirming in

41:22

my own. So I don't know if I'm answering you or

41:24

not, Tyler. I am not an atheist

41:27

is what I'm trying to declare and

41:30

to some degree in awe of

41:32

the majesty and the dignity and

41:34

the humanity of these people

41:36

who are seeking to have a relationship

41:38

with the creator of the universe. What's

41:41

your favorite novel? Okay. It's

41:43

Mario Vargas Josa, and I've got two.

41:45

One of them is the feast of the goat, which

41:48

is about treeos, ruele, and

41:50

and Santa Domingo in the nineteen fifties.

41:52

The other is the dream of the goat. Which

41:55

is about Roger Casement, an Irish

41:57

diplomat and humanitarian who

42:01

served the British crown in the first decades

42:03

of twentieth century exposing

42:05

terrible humanitarian disasters in

42:08

the Congo where the Belgians were doing

42:10

what they were doing. And in the

42:12

upper Amazon where the Spanish

42:14

were doing what they were doing. And

42:17

he got knighted, sir Roger Caseman.

42:19

But he was an Irish patriot and also a closeted

42:22

homosexual. And he

42:24

ends up being executed because he gets

42:26

caught in a scheme collaborating with

42:28

the Germans in nineteen fifteen to

42:31

try to stage some event that was

42:33

gonna be the occasion for provoking an

42:35

Irish revolt etcetera etcetera long

42:37

Loury. But it's Mario Vargasiosa, a

42:40

master of this kind of historical narrative.

42:42

And just love both of those

42:44

novels. American pastoro is

42:47

another one that I'm really Loury fond of Philip

42:49

Roth. I could go into

42:51

details, but, you know, Let's leave it with

42:53

Yolanda. Vargas Yolanda,

42:55

what's your favorite movie? That's

42:57

a hard question. What is my favorite movie?

43:00

Sherri, it's a fire. Why that

43:02

one? Well, my wife, Linda, and

43:04

I, that she rest in peace. She

43:06

passed away from metastatic breast cancer in

43:08

twenty eleven. We were married in nineteen

43:10

eighty three. We first met in nineteen seventy

43:12

four. We were together for thirty seven

43:14

years. And that was her favorite

43:17

movie. And I loved the movie. So,

43:19

you know, the story of the movie, it was an

43:21

era in Hollywood of movie making

43:24

that I I don't think we'll ever see again.

43:26

I don't know if we're ever gonna see it again. Wonderful

43:28

characters, wonderful human aspiration,

43:31

competition, excellence, the pursuit

43:33

of excellence, dignity, what's his name? Harold

43:35

Abrams. The runner, Jewish guy

43:38

in the upper class British society.

43:40

He was, you know, somebody that I could

43:42

identify with, but I like that movie a lot.

43:45

I also like pulp fiction. I mentioned.

43:47

Oh, no. I mentioned Jacky Brown, but I do like pulp

43:49

fiction. I like the godfather one

43:52

I was going to report that I just saw

43:54

a fantastic movie that reminded me of

43:56

why I like movies. This is not my favorite movie. It's the

43:58

banshees of Anna Sharon.

44:01

This is a movie set in

44:03

Ireland about a friendship that goes

44:05

rotten and I won't even try to say anything more

44:07

about it. And it's quirky and weird in

44:10

a certain kind of way. And yet

44:12

it's deep and it's unpretentious

44:14

in a in a way and and what is another movie like

44:16

that kind of

44:17

movie? They don't make up anymore. They they don't make

44:19

movies anymore. It's all Liz

44:21

Bang and

44:23

What is there in the black visual art?

44:25

That is especially important or meaningful

44:27

to you.

44:28

Black. Visual Arts.

44:29

For me, it's Asian art, of course, but I

44:31

suspect your answer is different. I

44:33

don't know anything about black visual arts.

44:36

We need my late wife, Linda, on the same

44:38

every piece that I have in this house

44:40

of that sort of sculpture

44:42

or sketching or

44:45

painting is something that I inherited

44:47

from a previous life when I

44:49

was the green eye shade guy wearing

44:51

about my research and whatnot,

44:53

and where my wife was a fine researcher in

44:56

her own right, had an aesthetic sensibility

44:58

she cultivated

44:59

assiduously. And it wouldn't have only

45:01

been black, but the black visual arts would

45:03

have come into it. I'm gonna beg off. I don't

45:05

know anything. Loury last question,

45:08

do you think you will do a good job facing

45:10

death?

45:11

I sure hope so, but I've got my

45:13

doubts. So I've mentioned my wife, Linda,

45:16

my late wife, and and she did pass away

45:18

eleven and a half years ago. And

45:21

of course, we were together in

45:23

that room pretty much continuously

45:27

for the last few months. And I watched

45:29

her wither and die. I watched her suffer. And

45:32

bravely and in a dignified manner

45:34

and and without self pity, almost

45:37

almost without self pity. And I

45:39

asked myself as I was watching this,

45:41

where I am the same situation knowing

45:43

that there was no hope, that I'm

45:45

gonna die, that I'm gonna die from cancer

45:47

in my liver and in my brain, that it's

45:50

gonna kill me and the question is when and the

45:52

when doesn't measure in years and may

45:54

not even measure in months. Could

45:56

I have carried myself with

45:58

the courage and the

46:00

dignity that she exhibited it?

46:02

I've got serious doubts about it.

46:05

I think right now, I I don't know

46:08

what will happen when this moment comes because

46:10

it's coming. But right now, I imagine

46:13

that I'd be furious beyond

46:15

consolation. Why me? That

46:18

I would be impossible

46:20

to deal with. Nothing anyone could

46:23

do solicit of my needs

46:25

would be enough because I'm the one that's gonna

46:27

die. That all of this stuff that

46:30

they tried to teach me when I was becoming

46:32

a Christian about grace

46:34

and about belief and about

46:36

acceptance and and about faith

46:39

would be of no consolation whatsoever. Nature

46:43

would be my friend, not the new testament.

46:46

I imagine. And that bitter, old,

46:48

dying man feeling sorry for

46:50

himself, angry at his fate

46:53

is not who I wanna be in my last

46:55

days. I don't wanna be that guy, but I fear

46:57

that that's the guy that I would be. And I fear

47:00

further than that that my stepping away

47:02

from Christianity makes us more likely that

47:04

that's the guy that I would be. And even

47:06

though I think it's ridiculous to

47:08

assert that a person lives on after they

47:10

die, the person is the

47:12

brain and the consciousness which

47:15

will go to dust. There's

47:17

no life there. I think that's

47:19

an absurdity at one level.

47:22

On the other hand, it may be that only by

47:24

embracing some such belief

47:26

could I manage to pass away

47:28

as I must in a manner that is

47:30

honorable and dignified. And and so I don't

47:33

I don't know. I I am worried for myself

47:35

as that moment approaches. It it will come.

47:38

We're all looking forward to your memoir and

47:41

Glen Loury. Thank you very much. It's

47:43

been my pleasure,

47:44

Tyler. It's been bracing, but enjoyable.

47:49

Thanks for listening to conversations with

47:51

Tyler. You can subscribe to the show

47:53

on Apple Podcast Spotify, or

47:56

your favorite podcast app. If

47:58

you like this podcast, please consider

48:00

giving us a rating and leaving a review.

48:02

This helps other listeners find the show.

48:05

On Twitter, I'm at Tyler Cowen,

48:07

and the show is at Cowen Convos.

48:10

Until next time, please keep listening

48:12

and learning.

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