Scott Sumner is best known as an economist who was praised for positively influencing economic policy during the Great Recession through blogging, as well as the leading voice for market monetarism. But to me, as someone uninterested in monetary policy, Scott stands out as one of the world’s best, warmest, and wisest generalist bloggers. He writes on a wide range of topics, often touching on issues adjacent to politics, economics, and art, but irrespective of the topic, his wisdom always shines through. I might be biased because our values are quite similar—we both lean towards neoliberalism, embrace a utilitarian approach, and are completely captivated by art—but of all the writers I read, Scott is the one who is least often wrong. While his blogging isn’t particularly ambitious, there are always little nuggets of wisdom sprouting up, and it’s consistently insightful, introspective, and kind. Like many of my other favourite writers, Scott uses incredibly simple yet robust concepts, and by applying them rigorously and broadly, he helps you see things you should have been able to see yourself but didn’t.
My favourite Scott Sumner blogs:
- Understanding middlebrow
- on the 90-99th percentile mocking the 0-90th percentile for their taste, while being oblivious to the true cultural elite
- What do we mean by meaning
- On what provides meaning in life
- Wallowing in nostalgia (an autobiography)
- On how the sharpness of life evolves over time
- Give thanks for progress and Who’s afraid of the great outdoors
- On agnosticism towards progress and how norms evolve over time
- Double vision: when then was now
- On the ability to interpret life through our prior experiences
- It’s a wonderful, awful, and perplexing life
- On death
- Which issues are important (to me)? and The most important issues
- On what policy issues matter most to Scott (2015 and 2022 editions)
- Where are we making progress
- On progress in art and the importance of “discovery” for creating great art
- The eternal modern
- On how modernism became frozen in time
- Scott also reviews movies every quarter, and generally, has amazing film reviews:
- https://www.themoneyillusion.com/films-of-2023q3/
- https://www.themoneyillusion.com/naughty-and-nice-films-of-the-noughties/
- I highly recommend you search films you like or scroll through his list of film reviews available here: https://www.themoneyillusion.com/index.php?s=film
- What information should we consume?
- On how Scott chooses to consume information
- Land of bridges and tunnels
- Scott’s travelogue of China
- Dreams of a European vacation
- Scott’s meta-reflections on vacationing in Europe
- Taiwan, the ROC, and Super Bowl XXXII
- On the counter-intuitive game theory guiding the Chinese-Taiwan conflict
- The authoritarian nationalist playbook
- On the rise of Nationalism in the 21st century
- YIMBY!
- On why YIMBY-ism matters
- The zero sum death spiral
- On the necessity of good economic policies to avoid the zero sum death spiral
- Economics is really hard
- On the counter-intuitive ideas one must understand in order to understand simple economic policy questions
- Praise and blame
- On the asymmetry between praise and blame
PS: I can’t stop chuckling at this anecdote: https://x.com/freezing_cloud/status/1199471383232704512
I often think of the time I met Scott Sumner and he said he pretty much assumes the market is efficient and just buys the most expensive brand of everything in the grocery store.
— fcloud 🍂 (@freezing_cloud) November 26, 2019
PPS: As someone who has now compiled “best of” posts for Tyler Cowen, Joseph Heath, Holden Karnofsky, and now Scott, it saddens me how many brilliant writers continuously produce content without considering how to make their best ideas more accessible to others. Beyond the pro-social benefit, it is clearly in each author’s self-interest to do so. I don’t have a solid theory as to why so few bloggers make it easier to engage with their ideas, but it is maddening that they don’t. While making these lists, two things really stand out: a lot of the articles get rehashed in different words many, many times over, and many of their best posts were created merely due to the writer churning out volume and were not intended to be perceived as masterpieces, but rather as sharing their quick thoughts on a particular perspective, which happened to unearth brilliance.
PPPS: I likely missed many great articles because Scott’s writing is so voluminous and hard to search through. Additionally, he doesn’t have a large fan base discussing his work outside the blog, making it much harder to find the best posts. This compilation was especially challenging because much of Scott’s best writing is often a throwaway paragraph or two in a longer, unrelated article. Please, please, please share your favourite non-econ Scott Sumner articles in the comments here, so others can find them.
More great Sumner posts on art:
https://www.econlib.org/some-random-thoughts-on-modernism/
https://www.themoneyillusion.com/why-dont-you-like-modern-art/
“There’s only one sensible way to measure economic inequality” https://www.econlib.org/archives/2014/04/theres_only_one.html
Saving does not deprive others; consuming does
Some of my favourites were posts on poverty/equality metrics – I remember reading the one Eric links above -; one that started with a picture of Ohio University’s campus pointing out that, according to the census statistics, that lovely place was what the poorest county in America looked like; another one featuring a survey on economic inequality and concluding the corollary of the public’s views on the topic was that the average American was to the left of Pol Pot on economic policy (due to ignorance of life cycle effects).
That said, my choice must be the one who got me addicted to a reality show on antiques that I keep watching to this day:
https://www.themoneyillusion.com/american-pickers/
Besides your above list, which I wold also highly recommend, here are some more ideas I got from Scott Sumner, though to find the actual posts… I tried and gave up.
– diversity is far higher dimensional than race and gender. Age and health diversity are probably most important for happiness, more than income or ethnic origin or gender
– consumption is a far better measure for economic equality or absence thereof, than income
– consumption taxes are fairer than income taxes
“Wallowing in nostalgia” is one of the all-time greats. Every once in a while I go re-read it.
Three articles in — thanks so much for compiling.
Do you think bloggers should compile a “best of” list (determined by number of hits, comments, personal taste, etc) and display it on their websites?
It would be nice, but I think they enjoy not doing this because doing it narrows themselves to readers, new and old. As a blogger you *want* readers to sample lots of your thoughts and interests, and you want your readers to “work hard” to understand you.
I think the bloggers that we tend to enjoy are probably very happy with the size of their current audience, and are not looking to expand it, too.