Both academic thinking about monetary economics and the practice of monetary policy have changed dramatically since 1971?3, when the rational expectations revolution was beginning and the Bretton Woods system was crumbling. The present paper considers whether the various changes that have taken place were influenced primarily by economic theory or by empirical evidence - or by a combination of the two. Monetary economics, like macroeconomics more generally, passed through the rational expectations period into one dominated by real business cycle (RBC) (...) analysis, which denies monetary policy any significant role in the generation or the dampening of cyclical fluctuations in crucial real variables. Recently, however, the analysis of monetary policy by both academic and central bank economists has been increasingly conducted in small quantitative structural models that combine the optimizing aspect of RBC analysis with various assumptions implying real effects of monetary policy actions due to slow adjustment of nominal prices. These models therefore attempt to combine rather strict theoretical discipline with features that permit an enhanced degree of empirical veracity. It is apparent, accordingly, that both theoretical and empirical analysis have been essential in bringing about alterations in monetary policy analysis between 1971?3 and 1998. (shrink)
The context for these interviews was a seminar [Peter Gratton] conducted on speculative realism in the Spring 2010. There has been great interest in speculative realism and one reason Gratton surmise[s] is not just the arguments offered, though [Gratton doesn't] want to take away from them; each of these scholars are vivid writers and great pedagogues, many of whom are in constant contact with their readers via their weblogs. Thus these interviews provided an opportunity to forward student questions about their (...) respective works. Though each were conducted on different occasions, the interviews stand as a collected work, tying together the most classical questions about “realism” to ancillary movements about the non-human in politics, ecology, aesthetics, and video gaming—all to point to future movements in this philosophical area. (shrink)
Few stage plays have much to do with analytic philosophy: Tom Stoppard has written two of them— Rosencrantz and Guildenstern are Dead and Jumpers . The contrast between these, especially in how they involve philosophy, could hardly be greater. Rosencrantz does not parade its philosophical content; but the philosophy is there all the same, and it is solid, serious and functional. In contrast with this, the philosophy which is flaunted throughout Jumpers is thin and uninteresting, and it serves the play (...) only in a decorative and marginal way. Its main effect has been to induce timidity in reviewers who could not see the relevance to the play of the large stretches of academic philosophy which it contains. Since the relevance doesn't exist, the timidity was misplaced, and so the kid gloves need not have been used. Without doubting that I would have enjoyed the work as performed on the London stage, aided by the talent of Michael Hordern and the charm of Diana Rigg, I don't doubt either that Jumpers is a poor effort which doesn't deserve its current success. I shan't argue for that, however. I want only to explain why Jumpers is not a significantly philosophical play, before turning to the more important and congenial task of showing that Rosencrantz and Guildenstern are Dead is one. (shrink)
This boy is Ignorance. This girl is Want. Beware them both, and all of their degree, but most of all beware this boy, for on his brow I see that written which is Doom... —Charles Dickens, A Christmas Carol.
Various researchers have suggested that below 7 years of age children do not recognize that they are the authority on knowledge about themselves, a suggestion that seems counter-intuitive because it raises the possibility that children do not appreciate their privileged first-person access to their own minds. Unlike previous research, children in the current investigation quantified knowledge and even 5-year-olds tended to assign relatively more to themselves than to an adult (Studies 1 and 2). Indeed, children's estimations were different from ratings (...) made by their mothers: Their mothers sometimes rated themselves as knowing more about their child than they rated their child as knowing (Study 2). While previous research seemed to suggest that children shift from viewing their mother to viewing themselves as the authority on knowledge about them (the children), these new findings surprisingly suggest the opposite. (shrink)
I shall present a problem about accountability, and its solution by Strawson’s ‘Freedom and Resentment’. Some readers of this don’t see it as a profound contribution to moral philosophy, and I want to help them. It may be helpful to follow up Strawson’s gracefully written discussion with a more staccato presentation. My treatment will also be angled somewhat differently from his, so that its lights and shadows will fall with a certain difference, which may make it serviceable even to the (...) converted. Also, I shall point to some disputable things in ‘Freedom and Resentment’, and offer repairs. So I wrote in the first published version of this paper. I wanted not only to be useful to others but also to elicit Strawson’s certificate of approval; and that hope was realized. In his ‘Reply’ Strawson wrote: ‘Bennett in the first eleven sections of his essay sets out and elaborates the essence of my position with such thorough and sympathetic understanding as to leave me little to say.’ I also tried, unsuccessfully, to analyse with more precision Strawson’s concept of reactive attitude, and to explore the extent of and reasons for the incompatibility between reactive attitudes and the objective attitude. I hoped that the display of my failures would induce Strawson to tackle the problems himself, with more success. No such luck! He wrote: ‘Bennett seeks . . . to produce a tighter and more unified organisation of the phenomena . . . than I achieved in “Freedom and Resentment”’, but he did not return to the fray. On the contrary: ‘It does not seem to me to matter if a strict definition [of ‘reactive’] is not to be had’; and he said nothing about reasons for the reactive/objective conflict. In the present version of the paper, I expound ‘Freedom and Resentment’ much as before. Since my attempts to tighten and deepen the theory failed to hook Strawson, and are not of much intrinsic interest, I now omit them. I shall, however, add an application of the doctrines of ‘Freedom and Resentment’ to the most basic philosophical question regarding punishment.. (shrink)
This paper examines an issue that is becoming increasingly relevant as the pressures of a warming planet, changing climate and changing ecosystems ramp up. The broad context for the paper is the intragenerational, intergenerational, and interspecies equity implications of changing the climate and the value orientations of adapting to such change. In addition, the need to stabilize the planetary climate by urgent mitigation of change factors is a foundational ethical assumption. In order to avoid further animal and plant extinctions, or (...) at the very least, their increased vulnerability to becoming rare and endangered; the systematic assisted colonization of “at risk” species is being seriously considered by scientists and managers of biodiversity. The more practical aspects of assisted colonization have been covered in the conservation biology literature; however, the ethical implications of such actions have not been extensively examined. Our discussion of the value issues, using a novel case study approach, will rectify the limited ethical analysis of the issue of assisted colonization of species in the face of climate change pressures. Beyond sustainability ethics, both animal and environmental ethical approaches will be used and intrinsic versus instrumental value orientations in the literature shall form the basis of our discussion. After the application of all the ethical approaches to the case studies, we conclude that without mitigation and the prospect of a future stable climate, assisted colonization will be involved in an inherently unethical process and a “move and lose it” outcome. With mitigation, there is wide-ranging ethical support for assisted colonization. (shrink)
In his New Essays on Human Understanding, Leibniz presents an extended critical commentary on Locke’s Essay Concerning Human Understanding. Leibniz read some of Locke’s work in English and then, a few years later, the whole of it in French, a language in which he was more comfortable. Over a period of about two further years, on and off, he wrote his New Essays, which he finished at about the time Locke died and which was not published until about half a (...) century after Leibniz’s death. (He left them unpublished partly because they had been motivated by a hope of getting Locke to reply, and Locke’s death put an end to that; though his character made it a forlorn hope in any case.) The New Essays has been an important work: for one thing, Kant read it on its first appearance, and scholars say that this was a decisive event in his philosophical development. Anyway, given that this is one of Leibniz’s only two philosophical works of substantial book length, in all the torrent that poured from his pen, and given also that it is focused - critically but with respect and careful attentiveness - on the greatest classic of English philosophy, it is surprising that the New Essays had to wait until 1981 for a usable English translation.1 In 1896 there was published a sort of translation by A. G. Langley;2 but it is inaccurate far beyond the bounds of normal incompetence, as well as being grimly unreadable for stylistic reasons. As Chesterton once said about The Origin of Species, it is surprising how many people think they have read it, but I'll bet that nobody alive has slogged through the Langley version from cover to cover. It is a pity that the work was not decently available in English for nearly three centuries, because even for those who can read the French of, say, Descartes, Leibniz’s French is difficult. He reserved his native German for writings on history and politics, using French and Latin for philosophy and mathematics; presumably French was chosen for the New Essays because Leibniz wanted to respond to a popular work by a popular work.. (shrink)