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Archive for the ‘philosophy’ category: Page 18

Jun 5, 2011

Our History Shapes the Future

Posted by in categories: counterterrorism, futurism, geopolitics, human trajectories, military, nanotechnology, philosophy, policy, space

Abstract

American history teachers praise the educational value of Billy Joel’s 1980s song ‘We Didn’t Start the Fire’. His song is a homage to the 40 years of historical headlines since his birth in 1949.

Which of Joel’s headlines will be considered the most important a millennium from now?

This column discusses five of the most important, and tries to make the case that three of them will become irrelevant, while one will be remembered for as long as the human race exists (one is uncertain). The five contenders are:

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Apr 25, 2011

On the Problem of Modern Portfolio Theory: In Search of a Timeless & Universal Investment Perspective

Posted by in categories: complex systems, economics, existential risks, finance, human trajectories, lifeboat, philosophy, policy, sustainability

Dear Lifeboat Foundation Family & Friends,

A few months back, my Aunt Charlotte wrote, wondering why I — a relentless searcher focused upon human evolution and long-term human survival strategy, had chosen to pursue a PhD in economics (Banking & Finance). I recently replied that, as it turns out, sound economic theory and global financial stability both play central roles in the quest for long-term human survival. In the fifth and final chapter of my recent Masters thesis, On the Problem of Sustainable Economic Development: A Game-Theoretical Solution, I argued (with considerable passion) that much of the blame for the economic crisis of 2008 (which is, essentially still upon us) may be attributed the adoption of Keynesian economics and the dismissal of the powerful counter-arguments tabled by his great rival, F.A. von Hayek. Despite the fact that they remained friends all the way until the very end, their theories are diametrically opposed at nearly every point. There was, however, at least one central point they agreed upon — indeed, Hayek was fond of quoting one of Keynes’ most famous maxims: “The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else” [1].

And, with this nontrivial problem and and the great Hayek vs. Keynes debate in mind, I’ll offer a preview-by-way-of-prelude with this invitation to turn a few pages of On the Problem of Modern Portfolio Theory: In Search of a Timeless & Universal Investment Perspective:

It is perhaps significant that Keynes hated to be addressed as “professor” (he never had that title). He was not primarily a scholar. He was a great amateur in many fields of knowledge and the arts; he had all the gifts of a great politician and a political pamphleteer; and he knew that “the ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is generally understood. Indeed the world is ruled by little else” [1]. And as he had a mind capable of recasting, in the intervals of his other occupations, the body of current economic theory, he more than any of his compeers had come to affect current thought. Whether it was he who was right or wrong, only the future will show. There are some who fear that if Lenin’s statement is correct that the best way to destroy the capitalist system is to debauch the currency, of which Keynes himself has reminded us [1], it will be largely due to Keynes’s influence if this prescription is followed.…

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Apr 19, 2011

On the Problem of Sustainable Economic Development: A Game-Theoretical Solution

Posted by in categories: asteroid/comet impacts, biological, complex systems, cosmology, defense, economics, education, existential risks, finance, human trajectories, lifeboat, military, philosophy, sustainability

Perhaps the most important lesson, which I have learned from Mises, was a lesson located outside economics itself. What Mises taught us in his writings, in his lectures, in his seminars, and in perhaps everything he said, was that economics—yes, and I mean sound economics, Austrian economics—is primordially, crucially important. Economics is not an intellectual game. Economics is deadly serious. The very future of mankind —of civilization—depends, in Mises’ view, upon widespread understanding of, and respect for, the principles of economics.

This is a lesson, which is located almost entirely outside economics proper. But all Mises’ work depended ultimately upon this tenet. Almost invariably, a scientist is motivated by values not strictly part of the science itself. The lust for fame, for material rewards—even the pure love of truth—these goals may possibly be fulfilled by scientific success, but are themselves not identified by science as worthwhile goals. What drove Mises, what accounted for his passionate dedication, his ability to calmly ignore the sneers of, and the isolation imposed by academic contemporaries, was his conviction that the survival of mankind depends on the development and dissemination of Austrian economics…

Austrian economics is not simply a matter of intellectual problem solving, like a challenging crossword puzzle, but literally a matter of the life or death of the human race.

–Israel M. Kirzner, Society for the Development of Austrian Economics Lifetime Achievement Award Acceptance Speech, 2006

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Apr 2, 2011

A (Relatively) Brief Introduction to The Principles of Economics & Evolution: A Survival Guide for the Inhabitants of Small Islands, Including the Inhabitants of the Small Island of Earth

Posted by in categories: asteroid/comet impacts, biological, complex systems, cosmology, defense, economics, existential risks, geopolitics, habitats, human trajectories, lifeboat, military, philosophy, sustainability

(NOTE: Selecting the “Switch to White” button on the upper right-hand corner of the screen may ease reading this text).

“Who are you?” A simple question sometimes requires a complex answer. When a Homeric hero is asked who he is.., his answer consists of more than just his name; he provides a list of his ancestors. The history of his family is an essential constituent of his identity. When the city of Aphrodisias… decided to honor a prominent citizen with a public funeral…, the decree in his honor identified him in the following manner:

Hermogenes, son of Hephaistion, the so-called Theodotos, one of the first and most illustrious citizens, a man who has as his ancestors men among the greatest and among those who built together the community and have lived in virtue, love of glory, many promises of benefactions, and the most beautiful deeds for the fatherland; a man who has been himself good and virtuous, a lover of the fatherland, a constructor, a benefactor of the polis, and a savior.
– Angelos Chaniotis, In Search of an Identity: European Discourses and Ancient Paradigms, 2010

I realize many may not have the time to read all of this post — let alone the treatise it introduces — so for those with just a few minutes to spare, consider abandoning the remainder of this introduction and spending a few moments with a brief narrative which distills the very essence of the problem at hand: On the Origin of Mass Extinctions: Darwin’s Nontrivial Error.

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Mar 20, 2011

Dear Entrepreneur, Stop Dreaming and Just Launch That Business

Posted by in categories: business, economics, education, philosophy

Common wisdom is that great companies are built by business leaders who out-vision and out-innovate their competitors. However, the truth is that groundbreaking businesses tend to come from entrepreneurs who were smart enough to out-execute everyone else in their space – which means getting products out there and growing a loyal customer base, instead of engineering a product until it’s supposedly perfect.

Microsoft is a great example of company that has succeeded by execution. They’ve rarely been first to market with any of their products, but they’ve successfully brought them to market, figured out how to improve them, and introduce them again and again. This is the approach that puts you in the Fortune 500.

Why do entrepreneurs believe so fervently in the myth that they need to be first to market with a never-before-seen innovation? Because that’s what they’re told in business school. The problem with this piece of wisdom is that it encourages business leaders to wait until the mythical breakthrough business idea is fully formed.

This myth is fed by the public perception of groundbreaking companies as having come out of nowhere to rock the world. But companies like Facebook rarely, if ever, spring into being with no antecedents: MySpace and Friendster were in the market first, but Facebook did social networking better than anyone else had done before. Google wasn’t the first search engine ever; AltaVista probably deserves that title. But Google advanced the search experience to the point that we all believe they were the breakthrough innovator.

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Mar 15, 2011

Don’t be a Tiger Mom CEO — Celebrate Failure

Posted by in categories: business, economics, philosophy

How important is failure – yes, failure – to the health of a thriving, innovative business? So important that Ratan Tata, chairman of India’s largest corporation, gives an annual award to the employee who comes up with the best idea that failed. So important that Apple, the company gives us the world’s most beautifully designed music players, mobile phones, and tablets, wouldn’t be here if it hadn’t dared to fail. Remember the Apple Newton? Probably not, since it was a flop, but it was a precursor to today’s wildly successful iPad.

In a struggling economic climate, failure is what separates mediocre companies from businesses that break through and astound us with their creativity.

Yet failure has become a scenario to be avoided at all costs for most CEOs. Between fear of losing jobs to fear of rattling investors, business leaders are expected to deliver a perfect track record of product launches and expansion programs. They indirectly instill this attitude in their employees, who lack the confidence to spearhead any corporate initiative that isn’t guaranteed to work.

Call it the Tiger Mom effect: In the business world today, failure is apparently not an option.

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Jan 5, 2011

Deepest Desire as Destiny?

Posted by in category: philosophy

I want self knowledge. It’s part of what I do in life. For me it isn’t work, it’s love, but by the same token, it isn’t for everybody, nor should it be. There’s no money in it, not everyone feels passionate about it, not everyone has the aptitude, many are turned off by introspection, considering it a waste of time and many don’t believe in ‘that sort of thing.’ Well, I enjoy educating myself, and I get part of my ongoing education and a sense of satisfaction from ‘that sort of thing’ that also harmonizes with my supporting the work of the Lifeboat Foundation.

At the same time I’m aware of a certain ‘unconscious’ role that I forged in my early life crucible so as to get me what I wanted at a time when my thinking and my ‘worldview’ were primitive to say the least. What might anyone ‘want’ in such a situation? Imagine. Using whatever genetic and epigenetic equipment entered this life with me I interacted in complexity with the other participants in the crucible, emerging as … what? Here lie the origins of liberated or not,according to psychological dynamic thinking.

Notice how hard it is to get rid of that ‘I.’ I wish I knew more about my ‘I.’

Well, enough of that, so for now, in one way or another I resolved my early life core dilemma in a way that left a pattern. A role in a drama learned early on in life endures. It endures, firstly because certain psycho-biological infrastructure is embedded in various functions of ‘me’ and secondly because my drama serves a purpose for me. If I didn’t use it, it would fade away in disuse. I value it. Simplistically said, if I ‘succeed’ it’s because I’m superior, if I ‘fail’ it’s because I’m misunderstood. A hero in a world of fools. My drama is my treasure, I’ll resist if someone tries to persuade or coerce me to let go of my treasure, and if I imagine it’s the only tool I have, I can’t imagine life without it. Who said that life was rational?

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