The End of Oulipo?

The End of Oulipo? My book (co-authored with Lauren Elkin), published by Zero Books. Available everywhere. Order it from Amazon, or find it in bookstores nationwide. The End of Oulipo

Lady Chatterley’s Brother

Lady Chatterley's Brother. The first ebook in the new TQC Long Essays series, Lady Chatterley's Brothercalled “an exciting new project” by Chad Post of Open Letter and Three Percent. Why can't Nicholson Baker write about sex? And why can Javier Marias? We investigate why porn is a dead end, and why seduction paves the way for the sex writing of the future. Read an excerpt.

Available now from Amazon, Barnes & Noble, and direct from this site:

Translate This Book!

Ever wonder what English is missing? Called "a fascinating Life Perecread" by The New Yorker, Translate This Book! brings together over 40 of the top translators, publishers, and authors to tell us what books need to be published in English. Get it on Kindle.

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The Tunnel

Fall Read: The Tunnel by William H. Gass

A group read of the book that either "engenders awe and despair" or "[goads] the reader with obscenity and bigotry," or both. Info here. Buy the book here and support this site.

Naked Singularity

Summer Read: A Naked Singularity by Sergio De La Pava

Fans of Gaddis, Pynchon, DeLillo: A group read of the book that went from Xlibris to the University of Chicago Press. Info here. Buy the book here and support this site.

Life Perec

Life A User's Manual by Georges Perec

Starting March 2011, read the greatest novel from an experimental master. Info here. Buy the book here and support this site.

Last Samurai

Fall Read: The Last Samurai by Helen DeWitt

A group read of one of the '00s most-lauded postmodern novels. Info here. Buy the book here and support this site.

Tale of Genji

The Summer of Genji

Two great online lit magazines team up to read a mammoth court drama, the world's first novel.

Your Face Tomorrow

Your Face This Spring

A 3-month read of Javier Marias' mammoth book Your Face Tomorrow

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Ten Memorable Quotes from William Gaddis’ Letters

New Books
Here are ten of my favorite moments from these hugely interesting letters.

Interviews from Conversational Reading

New Books
See this page for interviews with leading authors, translators, publishers, and more.

  • A Legacy by Sybille Bedford March 15, 2015
    Sybille Bedford had the benefit—or bad fortune, however you see it—of being born into the German aristocracy in 1911. Her father was a retired lieutenant colonel and art collector from the agrarian south, from a Roman Catholic family in fiscal decline. Her mother came from a wealthy German-Jewish family from Hamburg. A widower from his […]
  • Reviving Antal Szerb March 15, 2015
    Antal Szerb’s lithe, lively, and wholly endearing fiction is peopled by male dreamers on spiritual journeys of self-discovery. Each one sets out on his respective mini-mission with good intentions but knows from the outset that there are only so many harsh truths he can withstand. In this respect, all Szerb’s protagonists seem to have heeded […]
  • 39 Africans Walk into a Bar March 15, 2015
    New anthologies of African fiction seem to materialize virtually every year, if not more often in recent years. When presented with the physical fact of yet another new anthology of African fiction, the immediate question, one which I was asked when I pressed the warm, bound pages of the Africa39 anthology into the even warmer […]
  • The Country Road by Regina Ullmann March 15, 2015
    This collection of short stories, her first to appear in English, counters material poverty with a fulfilling and deeply spiritual relationship with the natural world. Ullmann herself was no stranger to hardship. A depressive, she was plagued by personal and professional crises. Financial constraints forced her to send her illegitimate children to the countryside to […]
  • The Fall of Language in the Age of English by Minae Mizumura March 14, 2015
    The Fall of Language in the Age of English stirred up debate upon its publication in Japan in 2008, and it’s possible it will do so in the U.S. with its arrival in Mari Yoshihara and Juliet Winters Carpenter's translation. In their introduction, Yoshihara and Winters Carpenter, point out that Japanese reviewers accused Mizumura of […]
  • Another View: Tracing the Foreign in Literary Translation by Eduard Stoklosinski March 14, 2015
    Another View demonstrates exciting potential in translation study and praxis. It is especially significant in deconstructing assumptions about fluency and linguistic identity. The author makes some persuasive arguments for considering and even preferring non-native translation of texts, the most controversial of which is the possibility that linguistic competence may in fact constitute an act of […]
  • The Latest Five from Dalkey Archive’s “Library of Korea” Series March 14, 2015
    Despite South Korea having the kind of vibrant literary scene you'd expect from a country with one of the highest literacy rates in the world, we're still not exactly inundated with English translations of South Korean fiction. Given this dearth, Dalkey Archive Press's Library of Korean Literature series, twenty five titles published in collaboration with […]
  • B & Me: A True Story of Literary Arousal by J.C. Hallman March 14, 2015
    here’s a conspicuous history of books that simply should not work: Books like U & I by Nicholson Baker, a book-length exercise in “memory criticism,” where Baker traces Updike’s influence on his own writing life while studiously not actually re-reading any of Updike’s books. Or books like Out of Sheer Rage, Geoff Dyer’s book that […]
  • The Valerie Miles Interview March 14, 2015
    The idea was to uncover the secret life of these texts, why do their creators consider them their best work? What’s the clandestine, the underground, the surreptitious meaning or attachment? Where’s the kernel, the seed from which a body of work grew, what the driving obsession? Is it something sentimental, something technical, maybe even something […]
  • On Being Blue by William H. Gass March 14, 2015
    Look up at the sky, or down into the ocean, and what color do you see? We see blue, but not Homer—he never once employs the term throughout The Iliad and The Odyssey, famously calling the sea "wine-dark" and the heavens "bronze." Neither did the Greek philosopher Xenophanes say blue—he described the rainbow as having […]

Capital in the 21st Century

Long-time readers to this blog know that I very, very rarely talk about books that are not directly related to literary fiction in this space. There are various reasons for that, but it’s a practice that I’ve tried to keep pretty consistent here.

So, it’s kind of a big deal that I’m going to go all out and beg you to read Capital in the 21st Century.And I’ll even make you this promise—yes, this is a book about economics that mostly deals with income inequality, but it also tells a compelling, genuinely new story about the 20th century. And if you’re a student of literature and many of the great 20th century writers (Pynchon, DeLillo, and Bolaño all immediately come to mind as relevant) there is a lot here to inform your understanding.

So here’s my plea: If you are at all interested in the question of income inequality—which is really one of the defining questions of our era—or the matter of what exactly capitalism is and where it’s headed in democratic societies as we are currently capable of construing them, this is a book of the utmost importance. This is really a book about the limits and conditions of our reality, insofar as we construct it socially.

As I was have been telling many people lately, what Capital in the 21st Century tries to do is basically tell a new story of the 20th century, maybe one of the very last new stories we’re capable of telling about that century. The basis of this new story is the research that economist Thomas Piketty has been doing into wealth in rich nations. He’s spent well over a decade studying the accumulation of wealth in a number of major Western nations—he’s pretty much analyzed it as far as possible, given the records that we have. This is an unprecedented study, a thing that, as he notes, would not have even been possible even 20 years earlier.

So here’s the main point of this book: Piketty has tracked wealth in a number of ways across several major economies, going back into the 19th century. He’s discovered that most of these pictures of wealth were static for most of the 19th century, fell off a cliff during the two 20th world wars, and are now in the process of going back to 19th-century levels. The rest of the book tries to explain why this is, just what it means, and its implications for capitalism in democratic societies.

I’m hesitant to sum up the book like this, because it’s such a wide-ranging, continually fascinating inquiry, that this really, really, really doesn’t do the book justice at all. But I wanted to give some idea of what the main thesis is.

The things Piketty has found out about how wealth is accumulated in a capitalist society, and why we’ve managed to attain the level of wealth distribution we currently have, and whether or not this distribution is a historical aberration, are all incredibly fascinating interesting, and, I would say, hugely important. I studied economics back in college, and this book has the feel of the major studies we were made to read back then . . . the sort of a book that students of the social sciences will be reading for a long time to come.

I’ve been thinking about Capital in the 21st Century a lot in terms of something like Don DeLillo’s Underworld. Even though they’re completely different—DeLillo writes postmodern fiction, and Pickney is an academic economist—they’re really doing the same thing: giving us a new narrative of the 20th century. A new narrative that brings out aspects of the story that have never before been systematically examined, and one with profound implications for the story our society tells us about its past, and our idea of where we’re headed in our future.

Yes, it’s true that Capital in the 21st Century is a serious work of economic thought, but it’s not an excessive technical, jargony read at all. The prose is very, very clear, and it’s a pretty fast read, considering what it sets out to do. Anyone with a decent education and some willingness to use their brain should be able to read it without much trouble. In fact, this is one of Piketty’s gifts: being able to take all the data he’s analyzed and put it into comprehensible, compelling narratives. He even invokes Austen and Balzac at many points to help get his points across (and, as he does it, this doesn’t feel pedantic or trite in the least).

Beyond all of its importance as a work of serious research that speaks to one of the defining questions of our time, this book is just plain fucking fascinating. I had no idea that until the 18th century there had been virtually no economic growth on Earth (as defined by the measurements we use today). Or that Germany doesn’t have a minimum wage law. Or that World War I was basically what finally destroyed the landed aristocracy in Europe. Or that, despite everything we hear about computers transforming society these days, the economic development we’re experiencing now is actually rather slow—and still slowing down—compared to other eras. Or that inflation is a purely 20th-century phenomenon and didn’t exist in earlier centuries (and Piketty ingeniously brings in Balzac and Austen to speak about this fact).

This is the sort of book that anyone who considers themselves a cultural critic should be conversant with. If you think about yourself as a “theory” person, this book definitely belongs on your shelf alongside your Baidou, your Deleuze and Guattari, your Rancierre, your Marx, etc, etc. Even people who think of themselves as more along the lines of strictly literary critics will find a lot here to put what they’re reading into a new perspective, particularly much of the postmodern fiction of the last few decades.

For instance, here’s a paragraph from the book that I tweeted about a week ago. It speaks to how a lot of the ideas in this book can put a lot of the most important literature of the 20th century in a new perspective:

I’m convinced that this book is absolutely a major work of social science that should and will have serious implications for anyone who reads it. But don’t take my word for it. Read Paul Krugman’s essay in the NYRB, where he basically talks about this book as a major work of economics that gives us a revolutionary understanding of our societies.

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More from Conversational Reading:

  1. 21st Century Lit It’s obviously a little early for this, but fun nonetheless: The Millions speculates about a 21st-century literature syllabus. They’re doing it on behalf of an...
  2. 21st-Century Modernism From a review of Marjorie Perloff’s 21st-Century Modernism, part of Jacket 2’s Marjorie Perloff celebration. 21st-Century Modernism is, we recall, a “manifesto.” As such, it...
  3. Making Bookstores Relevant for the 21st Century Some interesting ideas on how to make bookstores destinations here. Hint: “Real” books is point III, right after figuring out how to make customers purchase...
  4. 20th-Century Compositions A couple weeks ago, New Yorker critic Alex Ross gave an MP3-driven tour of 20th-century composition. These are works that do "not to represent all...
  5. 20 20th-Century Poetry Books Here is the list of 20 20th-century poetry books that poet and editor CJ Evans put together for me. (I'm posting this because some people...

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3 comments to Capital in the 21st Century

  • F.H.

    Your tweet there, ‘the roots of modernism,’ is extraordinarily apt. Josipovici would disagree, I suspect, but oh well. I’ve been looking forward to reading this book since last year, and your post only serves to upset me further for the fact I’ve not yet got my hands on it.

  • P.

    Surely you’re not daft enough to think ‘modernism’ is the result of an economic fart.

  • I’ve been wondering why Amazon has been pushing this book on me when it normally never recommends me this type of nonfiction.

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