All the News That’s Fit to Sell: notes on mass media business models from the 2003 book by James T. Hamilton

The fractured media landscape we have today was already breaking apart two decades ago, and the economic models that underpin them predicted what we have today.

That’s the benefit of reading All the News That’s Fit to Sell, a 2003 book from James T. Hamilton, a well-respected journalism professor. I’ve read Hamilton’s work before, and this book was one I’ve long had on my list. I enjoyed the work, which is just as relevant 20 years later.

His research is helpful for my understanding of journalism models that I’ve spent my entire career working on. The book is also helpful for those interested in a dispassionate outline of the beginnings of the digital transformation of media – which we’re now fully immersed in.

Below I share notes for my future reflection.

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Craft in the Real World: advice on writing and workshop from Matthew Salesses

Write for the audience whose expectations you want to meet — not an imagined audience you’ve been taught is the standard.

That’s among the the top-level themes of Craft in the Real World, the 2021 book by celebrated fiction author and novelist Matthew Salesses. It challenges many norms of the American-style writer workshop that was largely first established at Iowa University, where the first Masters in Fine Arts writing program emerged. The book is rich with general criticism, tactical advice for modernizing writer workshops (many of which I’ve incorporated into my own) and even fresh looks at foundational elements of writing (ie. what exactly is plot?).

I introduced many of Matthew’s points on making a more effective writers workshop to my own workshop. I also appreciated his general contribution to our collective goals for great writing. I recommend the book to anyone in workshop or interested in writing process. Below I share my notes for me to return to in the future.

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Off the Books: The Underground Economy of the Urban Poor

For every $10 spent on goods and services in the American economy, at least a dollar is spent in the “underground economy.” That share has trended up over the last 15 years and two recessions.

That $2.5 trillion in economic activity includes both licit and illicit activities — yes, paying the babysitter cash and buying an illegal gun are both in the underground economy. Poorer nations have higher rates, and likewise, poorer communities in the United States rely more heavily on the informal economy.

Contributing to the academic analysis, American sociologist and ethnographer Sudhir Venkatesh published in 2006 a book called Off the Books: The Underground Economy of the Urban Poor. Backed by years he spent visiting a particular poor neighborhood in Chicago, he chronicled the interpersonal and community dynamics that related to and developed its underground economy. In some ways the book shows its age (as a trivial example, his use of the word “ghetto” feels dated), but in other ways it remains a small, specific window into one community’s underground economy.

“The underground enables poor communities to survive but can lead to their alienation from the wider world,” as the author wrote.

Another of his points I especially liked: “What some might see as a mass of Americans lying about, and out of work, is in many cases an ensemble of persons who lack of private places where they can rest.”

The author renamed his characters and locations for anonymity, but generally follows a neighborhood he calls Maquis Park, including characters like a particular gang leader and an active block leader named Eunice. Below find my notes from the book for future reference.

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NeuroTribes: autism and neurodiversity

Autism has been defined and its spectrum expanded in the last 80 years. We still don’t entirely understand its meaning, causes and implications.

More recently autism has been placed in an expanding understanding of what we call today “neurodiversity.” I read through NeuroTribes, the 2015 book that chronicles the history and science by Steve Silberman. A key theme it returns to often: autism is better understood as “different, not less.”

Below I share a few notes from my reading.

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VC: An American History

The American venture capital model is rooted in this country’s early business climate, and has been exported around the world.

For example, New England whalers came to dominate their 19th-century industry through their innovation of pooling capital and syndicating their risk across many expeditions. This established the concept of long-tail, led to the basic funding model that later developed in modern venture capital and other small innovations.

That’s a central theme of the 2019 book by Tom Nicholas called VC: An American History. The book is a thorough review of the journey that led to the venture capital and private equity of today. I enjoyed it enough to recommend it to anyone interested in business, economics and the history of financial systems.

Below I share my notes from the book for future review.

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The Anthropocene Reviewed

A novelist writes memoir in code.

That’s something Allegra Goodman said that John Green quoted as inspiration in the introduction to the essay collection he published last year. Green is the author of several novels himself, including the 2012 The Fault in our Stars that was made into a movie of the same name. I knew him first, like many other Millennial internet-dwellers, from various educational video projects on Youtube, including several with his brother.

He took on a mix nonfiction-memoir project with The Anthropocene Reviewed, which takes on a few dozen wide-ranging topics with short reviews interspersed with his own life. I enjoyed his approach and admire the author so I have no worthy review. Find one here. Instead, I say go read it. Below I captured my favorite dozen or so of the many quotations he references throughout the book.

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The Value of Everything

The way we count how big our economy is gets determined by a set of changeable decisions. Those decisions have changed over time, and they can change in the future.

That is a major theme from the 2017 book The Value of Everything by economist Mariana Mazzucato.

Below I share my notes from reading the book, which are for my own purposes for review later.

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The Age of AI

Artificial intelligence will be considered a new epoch in human history. The Enlightenment was defined by the age of reason, in which a process could ensure humans develop new and tested knowledge. Increasingly though, algorithmic learning is developing so rapidly that no human entirely understands the recommendations that AI makes. This will be seen as entirely new age.

So argues the Age of AI: And Our Human Future, a 2021 book written by former Secretary of State Henry Kissinger, former Google CEO Eric Schmidt and AI researcher Daniel Huttenlocher. That big idea was argued in an article Kissinger wrote for The Atlantic in 2018 entitled: How the Enlightenment Ends.

The book is neither dystopian nor breathlessly optimistic. It is not full of rich stories nor colorful visions. It is a clear-eyed book directed toward policymakers and business leaders. It outlines its authors view of current research and understanding about where AI research is heading.

I collected notes from the book below. I recommend reading it.

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Money: The True Story of a Made-Up Thing

Money is a useful collaborative fiction to exchange and transfer value.

The 2020 book from former NPR Planet Money podcast co-host and economics reporter Jacob Goldstein is a fun and approachable social history of what we call money. It is light and breezy, full of familiar themes to those already interested in finance and economics while also a good starting point for someone who isn’t.

I captured notes for myself below. Go buy the book yourself.

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Lenape Country before William Penn

The Lenape people controlled their territory, and they meaningfully shaped the society that developed in present-day Philadelphia, Pennsylvania, Delaware and New Jersey.

So argues the 2016 book Lenape Country Delaware Valley Society Before William Penn written by Lehigh University professor Jean R. Soderlund. A prevailing narrative is of a relatively weak and minor subgroup of the Alqonquian people but this book argues something more nuanced.

Other big themes: early Swedish settlers remained primarily trading partners with the Lenape, which contrasted with the Dutch and the English who over time seemed more interested in colonizing, though the English Quakers were on the whole far more peaceable than the Chesapeake, New Amsterdam and New England regions. The Lenape themselves shaped this reality.

This is a rich social-political history of the earliest recorded details of Lenape life. I strongly recommend buying a copy if you love history and the details of indigenous and European engagement. As is my custom, I share notes from my reading below for my future reference but please do pick up a copy.

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