Albert O. Hirschman was a development economist and political theorist whose work is essential reading for anyone interested in understanding how economic life figures in the political worlds we inhabit and the ways in which we give meaning to our lives in market-based societies. Perhaps best known for the distinction between 'exit' and 'voice', Hirschman was a prolific theorist who wrote about the role individual moral virtue and individual self-interest should play in economic activity, how economic growth in (...) the developing world might best be achieved, and the reactionary rhetoric of neo-conservative politicians in the late 1980s, to list but some of the areas he covered. Hirschman's writing was elegant; further, he understood the importance of the well-chosen word. He was, as this new biography by Jeremy Adelman shows, an economist for whom the essays of Montaigne were as important as the writings of Ricardo and Smith. (shrink)

In a survey spanning over half a century of his own work, Hirschman, among the most influential thinkers of the twentieth century on political economy, celebrates the ability to undermine one’s own claims and theories. Whereas skepticism toward other people’s work is not noteworthy, Hirschman argues, self-critque is crucial in relation “to one’s own generalizations or constructs.” But self-criticism and interpretive changes do “not in the end cancel out or refute the earlier findings”; rather, they help to define (...) domains of the social world where originally postulated relations do not hold. Exercises in “self-subversion,” while often experienced at first as traumatic, are eventually, as Hirschman’s own career attests, “rewarding and enriching.”. (shrink)

Abstract Tibor Scitovsky's The Joyless Economy distinguished the pleasure of moving from discomfort to comfort and the pleasure of replacing boredom with stimulation. I have argued that there are also pleasures distinctive to participating in public life. A third form of pleasure berlongs to both the private and the public domain: the common meal leads to individual satiation and, as a result of commensality, has important social and public effects. A good example is the banquet in ancient Greece, closely connected (...) to the lottery?the basic mechanism of Athenian democracy. But the common meal can also lead to the degradation of human relations and political life. (shrink)

In recent times, representatives of American management science have been arguing increasingly for a functionalization of ethics to change economic thinking: what they are seeking is the systematic integration of ethics into the economic paradigm. Using the insights developed by Hirschman, I would like to show how one must first expose the rhetoric of those critics of change (referred to below as conservatives or reactionaries) in order then to implement that which is new (representatives of this approach are referred (...) to below as progressives). Such an ‹unmasking’ works particularly well when one can defuse the arguments of the reactionaries – which is precisely what one achieves by strategically integrating ethics into economics. In his work The Rhetoric of Reaction Hirschman examines three basic forms of reactionary thought: the perversity thesis, the futility thesis, and the jeopardy thesis. According to the perversity thesis, intended goals are transformed into their opposites. The futility thesis argues that the setting of goals is useless since history runs its own course independent of those goals. The jeopardy thesis claims to preserve what already exists since change might substantially endanger that which has already been achieved. The importance of Hirschman’s ideas for the strategic interplay between the academic disciplines can be seen quite clearly in the example of German business ethics. This will be displayed below with reference to Hirschman’s three theses. Finally, implications will be drawn for business ethics in general and for management theory in particular. (shrink)

Data from the World Values Survey shows that generalized trust in Mainland China—trust in out-group members—is very low, but generalized trust in Taiwan is much higher. The present article argues that positive interactions with out-group members in the context of Taiwan’s export-oriented economy fostered generalized trust—and so explains this difference. This line of argument provides evidence for Albert O. Hirschman’s doux commerce thesis, that market interaction can improve persons and even stabilize the social order. The present article defends this (...) point by separating two theses that Hirschman combines under that label, a countervailing forces thesis and a doux commerce thesis narrowly understood. These theses offer different explanations (or mechanisms) for how commerce could have those positive effects. The data about Taiwanese trust practices provides evidence for the latter. (shrink)

This article presents a critical reading of Albert O. Hirschman’s typology of exit, voice and loyalty as a heuristic for understanding the changing meanings of exile in the 20th and early 21st centuries. It is argued that Hirschman’s experiences as well as the theory he distilled from them are highly relevant for researchers of forced migration and exile. After first defending the usefulness of Hirschman’s analytical framework for exile and diaspora studies, the article then highlights the need (...) to revise and complicate his approach. Hirschman could not foresee the emerging global possibilities of cultivating ‘the art of voice’, new forms of internal and self-exile as a result of post-fascist versions of authoritarianism, and the growing difficulties faced by refugees including, refugee scholars and writers, to exit their countries and find a safe haven somewhere else. The gaps in Hirschman’s theory are addressed by drawing on insights from the writings of Judith Shklar. (shrink)

I thank Genevieve Lloyd for her generous and thought-provoking comments and questions. She raises two distinct issues: one regarding how to think about the way in which Hume's account of pride might be innovative, and the other about how a genre of philosophical writing limits or opens up what and how an author might discuss the subject at hand. She sets both issues in the context of comparing Spinoza with Hume.Lloyd reminds us that A. O. Hirschman, in The Passions (...) and the Interests, charts a conceptual shift between the seventeenth and eighteenth centuries, such that the change in political and economic conditions, heralding the rise of capitalism, led to the deposing of the traditional opposition between reason... (shrink)

When looking at a scene, observers feel that they see its entire structure in great detail and can immediately notice any changes in it. However, when brief blank fields are placed between alternating displays of an original and a modified scene, a striking failure of perception is induced: identification of changes becomes extremely difficult, even when changes are large and made repeatedly. Identification is much faster when a verbal cue is provided, showing that poor visibility is not the cause of (...) this difficulty. Identification is also faster for objects mentioned in brief verbal descriptions of the scene. These results support the idea that observers never form a complete, detailed representation of their surroundings. In addition, results also indicate that attention is required to perceive change, and that in the absence of localized motion signals it is guided on the basis of high-level interest. (shrink)

When brief blank fields are placed between alternating displays of an original and a modified scene, a striking failure of perception is induced: the changes become extremely difficult to notice, even when they are large, presented repeatedly, and the observer expects them to occur (Rensink, O'Regan, & Clark, 1997). To determine the mechanisms behind this induced "change blindness", four experiments examine its dependence on initial preview and on the nature of the interruptions used. Results support the proposal that representations at (...) the early stages of visual processing are highly volatile, and that focused attention is needed to stabilize them sufficiently to support the perception of change. (shrink)

The effect of capitalism on the quality of life has been much debated. Albert O. Hirschman has classified the views of the impact of capitalism on the quality of life as civilizing, destructive, and feeble. I believe that multinational corporations should be and could be a civilizing force in today’s cosmopolitan but turbulent world. A number of initiatives will be discussed with special emphasis on business contributions to human rights and to the achievement of past and present United Nations (...) initiatives. As MNCs undertake these initiatives, they will do well by doing good. (shrink)

The effect of capitalism on the quality of life has been much debated. Albert O. Hirschman has classified the views of the impact of capitalism on the quality of life as civilizing, destructive, and feeble. I believe that multinational corporations should be and could be a civilizing force in today’s cosmopolitan but turbulent world. A number of initiatives will be discussed with special emphasis on business contributions to human rights and to the achievement of past and present United Nations (...) initiatives. As MNCs undertake these initiatives, they will do well by doing good. (shrink)

The use of vague language in law has important implications for legal theory. Legal philosophers have occasionally grappled with those implications, but they have not come to grips with the characteristic phenomenon of vagueness: the sorites paradox. I discuss the paradox, and claim that it poses problems for some legal theorists. I propose that a good account of vagueness will have three consequences for legal theory: Theories that deny that vagueness in formulations of the law leads to discretion in adjudication (...) cannot accommodate “higher-order” vagueness, A legal theory should accept that the law is partly indeterminate when it can be stated in vague language, However, the traditional formulation of the indeterminacy claim, that a vague statement is “neither true nor false” in a borderline case, is misconceived and should be abandoned. (shrink)

Change-blindness occurs when large changes are missed under natural viewing conditions because they occur simultaneously with a brief visual disruption, perhaps caused by an eye movement, a flicker, a blink, or a camera cut in a film sequence. We have found that this can occur even when the disruption does not cover or obscure the changes. When a few small, high-contrast shapes are briefly spattered over a picture, like mudsplashes on a car windscreen, large changes can be made simultaneously in (...) the scene without being noticed. (shrink)

This article examines the use of images of “light” and “enlightenment” in Edmund Burke’s Reflections on the Revolution in France and in the controversy that greeted the book, with an emphasis on caricatures of Burke and his book by James Gillray and others. Drawing on Hans Blumenberg’s discussion of the metaphor of “light as truth,” it situates this controversy within the broader usage of images of light and reason in eighteenth-century frontispieces and (drawing on the work of J. G. A. (...) Pocock and Albert O. Hirschman) explores the ways in which Burke’s critique of Richard Price operates with a rhetoric that views Price as part of an enlightenment that was inherently “radical” and, hence, a threat to the “enlightenment” that, in Burke’s view, had already been achieved. (shrink)

It is unfortunately a lot easier to raise an arch eyebrow than it is to describe critical terms that might account for the values in idealization while preserving a pluralistic sense of possible canons and their uses. Instead of facing the challenge directly, I shall rely on what I call a contrastive strategy. Were I simply to assert a traditional psychology with its attendant values, I would expose myself to a host of suspicious charges about my pieties and delusions. So (...) I shall begin by concentrating on the limitations I take to be inherent in the empiricism of the critical historicists’ position. If, by deflating idealization, their arguments prove reductive, they should provoke us to ask what it is they reduce. We will find ourselves forced back within the circle of literary and existential expectations I suspect most of us still share. But now we might appreciate the force and possible uses of that training when we measure it against all we cannot do if we accept an alternative stance. That we can measure at all, of course, may emerge as the most significant consequence of this experiment in using contrastive strategies.The subject of self-interest provides us with a clear test among these competing positions, and it establishes some of the psychological concepts we will need if we are to describe the cultural functions canons can serve. Critical historicism concentrates on two basic aspects of self-interest—the desire for power over others and the pursuit of self-representations that satisfy narcissistic demands. Out of these aspects, ideologies are generated and sustained. But this is hardly an exhaustive account of needs, motives, and powers. I propose that at least two other claims seem plausible, each with important consequences for our understanding of the canon—that some people can understand their empirical interests to a degree sufficient to allow them considerable control over their actions and that a basic motive for such control is to subsume one’s actions under a meaning the self can take responsibility for.4 4. I use the term “empirical interests” in what I take to be a Kantian sense. “Empirical” refers to interests one simply accepts as preferences, without any need for justification. These interests invite ideological analysis, since, for Kant, they come essentially from outside as heteronomous rather than autonomous features of a subject’s life. The opposite of “empirical,” in this sense, is interests one tries to rationalize on principles that, at some level, have criteria not selected by the agent and also applicable to some other agents. For a historical account of the concept of interests, see Albert O. Hirschman, The Passions and the Interests: Political Arguments for Capitalism before Its Triumph. For a clear conceptual analysis of problems in attributing all motives to self-interest, see Paul W. Taylor, Principles of Ethics: An Introduction, chap. 3. Charles Altieri is professor of English and comparative literature at the University of Washington. He is the author of Act and Quality: A Theory of Literary Meaning and Humanistic Understanding and Self and Sensibility in Contemporary American Poetry and is presently working on value in ethics and esthetics. His previous contributions to Critical. (shrink)

A volume of philosophical studies, centred on problems of personal identity and extending to related topics in the philosophy of mind and moral philosophy.

Vagueness in law leads to indeterminacies in legal rights and obligations in many cases. The book defends that claim and explains its implications for legal theory. Vague language is the book's focus, but vagueness is not merely a linguistic feature of law. Law is necessarily vague. That fact seems to threaten the coherence of the ideal of the rule of law. The book defends a new, coherent articulation of that ideal.

Economic methodology has been dominated by developments in the philosophy of science. This book's central thesis is that a great deal can be gained by refocusing attention on developments in the philosophy of mathematics, in particular those that took place over the course of the twentieth century. In this book the authors argue that a close examination of the major developments in the philosophy of mathematics both deepens and enriches our understanding of the formalisation of economics, while also offering novel (...) methods of critically evaluating the strengths and limitations of formalism in economics. This book represents an innovative attempt to more fully understand the complexity of the interaction between developments in the philosophy of mathematics and the process of formalisation in economics. (shrink)

The nonlinear integro-differential equation, obtained from the coupled Maxwell-Dirac equations by eliminating the potential Aμ, is solved by iteration rather than perturbation. The energy shift is complex, the imaginary part giving the spontaneous emission. Both self-energy and vacuum polarization terms are obtained. All results, including renormalization terms, are finite.

A discussion of egoism and altruism as related both to ethical theory and moral psychology. Williams considers and rejects various arguments for and against the existence of egoistic motives and the rationality of someone motivated by self-interest. He ultimately attempts to give a more Humean defense of altruism, as opposed to the more Kantian defenses found in Thomas Nagel, for example.

Why you have the right to resist unjust government The economist Albert O. Hirschman famously argued that citizens of democracies have only three possible responses to injustice or wrongdoing by their governments: we may leave, complain, or comply. But in When All Else Fails, Jason Brennan argues that there is a fourth option. When governments violate our rights, we may resist. We may even have a moral duty to do so. For centuries, almost everyone has believed that we must (...) allow the government and its representatives to act without interference, no matter how they behave. We may complain, protest, sue, or vote officials out, but we can’t fight back. But Brennan makes the case that we have no duty to allow the state or its agents to commit injustice. We have every right to react with acts of “uncivil disobedience.” We may resist arrest for violation of unjust laws. We may disobey orders, sabotage government property, or reveal classified information. We may deceive ignorant, irrational, or malicious voters. We may even use force in self-defense or to defend others. The result is a provocative challenge to long-held beliefs about how citizens may respond when government officials behave unjustly or abuse their power. (shrink)

The single postulate of Coulomb-Clausius potential between charges allows one to derive all of Maxwell's equations with an explicit form for polarizability.