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John Kay and Mervyn King on Radical Uncertainty

John Kay and Mervyn King talk about their book, Radical Uncertainty, with EconTalk host Russ Roberts. This is a wide-ranging discussion based on the book looking at rationality, decision-making under uncertainty, and the economists’ view of the world.

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What we can do is think about ideas that both close the wealth gap between white and black Americans and increase the prosperity of all Americans.

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In this work Pufendorf argues for the separation of politics and religion. Written in response to the revocation of the Edict of Nantes by the French king, Louis XIV, Pufendorf contests the right of the sovereign to control the religion of his subjects, because state and religion pursue wholly different ends. He concludes that, when rulers transgress their bounds, subjects have a right to defend their religion, even by the force of arms.

The Works and Days of Thomas More

Thomas More understood as a lawyer and a judge that liberty was justice through the rule of law ordered towards the good of the people.

Michael Oakeshott’s Dialogic Imagination

Without taking into consideration a metaphysical make-up of human beings and the world that surrounds them, comprehending political life will be difficult,

Remembering the War

What lessons should we recall after seventy-five years in the shadow of World War II?

The Theory of Moral Sentiments: Part VI, Section II

Of the Character of the Individual, so far as it can affect the Happiness of other People

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A Jule 23 云末加速器唯一官网 article about how “Generous Unemployment Benefits Are Not Keeping Americans from Work” is not easy to understand.  “[T]here is little evidence,” it claims, “to suggest that the extra 600 a week [from the federal government] is slowing down the labour-market recovery.” One would think that paying more in benefits to non-working workers would, ceteris paribus, decrease their number. Consider the last two paragraphs of the article:

Another signal that employers were struggling to fill positions would be soaring wages. Workers might hold bosses hostage with the threat of settling for benefits instead. Upon first inspection, this seems to be true. Average hourly earnings in the second quarter of 2020 increased by about 7% from a year ago, according to Goldman Sachs. However this is largely because low-paid workers have lost jobs in disproportionate numbers, dragging average wages upwards.

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Welcome to our August 2020 edition of Liberty Matters. In this essay and discussion forum Ruth Scurr, a fellow and director of Studies in Human, Social and Political Sciences at Gonville & Caius College, Cambridge discusses JS Mill and the concept of what she calls “life writing,” According to Scurr life writing is an area of scholarship that involves biography, autobiography and memoir. Her essay focuses on Mill’s Autobiography and the approach that Mill took to crafting what he believed would become the main narrative of his life. Her essay, and the three splendid response essays from our other contributors, raise interesting questions about the outside forces that influence how we view historical figures as well as the caveats we should use while reading “life writing”. As liberalism is increasingly under attack in the modern world, discussing Mill, arguably the 19th century’s most famous English liberal, is particularly relevant.

Is utilitarianism WEIRD?

I suspect it is, at least in the sense of WEIRD as a now trendy acronym for western, educated, industrialized, rich, and democratic societies.

One criticism of utilitarianism is that it implies that we should value the welfare of far away people just as much as we value the welfare of our own family and friends. This, it is argued, goes against human nature.

I agree that it goes against human nature, but I don’t believe that makes it a bad idea. If someone insults me, my human nature is to punch him in the face. Throughout most of history, in most parts of the world, that’s exactly how many people would respond. If they were aristocrats, they might challenge them to a duel.

In rich societies we have tended to move past fighting duels over insults. We’ve risen above out natural instincts, at least in some respects.