Astral Codex Ten

Davies

6 min read

Davies

Article

Davies is a recurring person in the Astral Codex Ten archive, appearing 2 times across 2 issues between May 20, 2022 and May 26, 2023. The archive places it in contexts such as “Maddox and Davies were committed to a fast tempo”; “Davies points out that Silk Road was, in many respects”; ""as Davies points out"". It most often appears alongside Japan, London, /r/wallstreetbets.

Metadata

  • Category: People
  • Mention count: 2
  • Issue count: 2
  • First seen: May 20, 2022
  • Last seen: May 26, 2023

Appears In

Source Context

Recovered passages from the original issue text. When the raw archive preserved outbound links inside the source passage, they are listed directly under the quote.

Your Book Review: Making Nature
May 20, 2022 · Original source
A central point of Making Nature is that Nature co-evolved with the British and international institutions of science. To do so, it had to strike a balance between conservatism and innovation. My impression is that Nature was more often on the conservative end of the spectrum, serving as a rock-solid stage where the rest of science could take place. Such an attitude was helpful from the beginning, but it probably became even more important after the 1970s, when everything changed. III. WTF Happened in the 1970s? A fun puzzle from the social sciences: what happened in the early seventies? As evidenced from a multitude of charts, various patterns in society seem to have veered off course around 1971, including growth in wages, inflation, housing costs, energy consumption, number of lawyers, divorce rates, fertility rates, and meat consumption. Whether it was a coincidence or part of the same mysterious phenomenon, we can add to this list the rise of prestige in the science publishing industry. To be clear, I’m the one who claims that this shift was a specific and momentous event. Melinda Baldwin acknowledges many times that Nature went from a low-grade magazine to a prestigious journal, but she remains vague as to what, exactly, was the turning point. In the chapter on the 1970s, she treats the increased selectivity and reputation as just one of many things that happened during this period. It was only in the course of writing this review — with a deliberate focus on prestige — that I realized something significant had occurred in that decade, and that this something affected more than just Nature. Let’s see what the book does tell us, and then I’ll offer a plausible explanation from elsewhere. Changes to Nature in the 1970s The 1970s mostly coincide with the leadership of Nature’s shortest-tenured editor, David Davies. Davies took over from John Maddox in 1973 and proceeded to make a number of changes. He made Nature a unitary publication again, after a short-lived experiment to split it into three journals. He reformed the style guide for contributors. He allowed for cartoons and some humor in his editorials. He also overhauled the journal’s physical appearance: from now on, Nature’s covers would feature interesting images as opposed to articles or advertisements. Today’s covers are still in that tradition. Here’s the Nature cover from 2016, as used on the Wikipedia page of the journal. Nature under Maddox and Davies followed the same trend of internationalization as in the previous decades, but the seventies saw what was perhaps the fastest growth outside the UK. Consider these approximate statistics on the origin of research articles from the years when there was a change in editorship: 1966 (when Maddox became editor): 40% British and 60% international
Inline links: a multitude of charts, https://substackcdn.com/image/fetch/$s_!CaUh!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F783677da-78c8-4b94-b0c5-673658b060f8_454x599.jpeg, Wikipedia page of the journal
Today’s covers are still in that tradition. Here’s the Nature cover from 2016, as used on the Wikipedia page of the journal. Nature under Maddox and Davies followed the same trend of internationalization as in the previous decades, but the seventies saw what was perhaps the fastest growth outside the UK. Consider these approximate statistics on the origin of research articles from the years when there was a change in editorship: 1966 (when Maddox became editor): 40% British and 60% international
Inline links: Wikipedia page of the journal
1973 (Davies): 33% British and 67% international
Your Book Review: Lying for Money
May 26, 2023 · Original source
This is the gift that Dan Davies gives us in Lying For Money. Despite taking econ classes in college, and spending years as a business owner who has had to do things like raise money from investors, my understanding of how the modern economy operates often feels about as complete as a caveman's understanding of how a cruise ship floats. The book delivers on the promise implied by its subtitle, How Legendary Frauds Reveal the Workings of Our World. Financial instruments (and other aspects of the economy) are things that are best understood in the breach: in the process of teaching us the various ways in which financial systems can break, Davies also teaches us how they work.
If Lying For Money's most important idea can be described in a single line, it's that fraud is an equilibrium phenomenon – or, as Davies likes to put it, "It is highly unlikely that the optimal level of fraud is zero."
Davies begins the book by talking about the Silk Road dark web drug market, and more specifically, the Silk Road exit scam. Davies points out that Silk Road was, in many respects, not that different from other online stores like eBay, apart from the fact that the payments were made in cryptocurrency, and the products were illegal.