Posts filed under Quotes

Ignorance and Markets

This is an unsigned editorial from the January 2009 issue of Philosophy (vol. 84, no. 327). Submitted for comment, without much commentary from my end. (Yet.)

Editorial: Ignorance and Markets

It may not be true that no one predicted the recent crash in the financial world. But it is certainly true that most well-informed observers and participants, including most importantly those who believed they were actually running things, were caught unawares. If they had been aware, they would have been able to avoid the worst consequences, at least for themselves, and even profit from the situation.

The 2008 financial crash has been compared to the fall of the Berlin Wall, in that just as the one signalled the end of an uncritical belief in socialism, at least of a centralised sort, the other signals the end to an uncritical belief in markets.

Let us leave aside the point that the markets of 2008 were actually heavily regulated in all sorts of ways, and so hardly unfettered. There is in fact an interesting parallel between 1989 and 2008 in one significant respect. Both events were largely unforeseen.

In one sense this is encouraging. For all our knowledge and technology there is much, even in human affairs, which is unpredictable and uncontrollable. This is, in a sense, judgment on hubris. It can also be liberating, particularly for those who do not see themselves as masters of the universe.

But should 2008 be seen as a decisive moment as far as belief in markets is concerned? Much will depend on what is meant by a market, no easy question when, as already mentioned, no markets to-day are unfettered, and are not likely to be in the foreseeable future.

We should, though, not forget that for followers of Adam Smith, such as Hayek, one of the main philosophical arguments in favour of markets was precisely the unpredictability of human action and of events more generally. From this perspective markets are not seen as perfect predictors, which there cannot be. But in situations of uncertainty they are seen as the most efficient and least hazardous way of disseminating information in a society and of responding to what cannot be predicted. It would be somewhat paradoxical if a failure of prediction was in itself taken to be an argument against a system which takes unpredictability as its starting point.

Philosophy 84 (2009), 1. Cambridge University Press.

Thoughts?

Clearing Up

A quote to-day from Chapter 23 of one of my Christmas presents — In the Land of Invented Languages, Arika Okrent’s delightful book on artificial languages, their inventors, and the communities that (sometimes) sustain them.

We should admire [the inventors of artificial languages] for their raw diligence, not because hard work is a virtue in itself, but because they took their ideas about language as far as they could go and really put them to the test. Who hasn’t at one time or another casually suggested that we would be better off if words had more exact meanings? Or if people paid more attention to logic when they talked? How many have unthinkingly swooned at the magic of Chinese symbols or blamed acrimony between nations on language differences? We don’t take responsibility for these fleeting assumptions, and consequently we don’t suffer for them. The language inventors do, and consequently they did. If we pay attention to the successes and failures of the language inventors, we can learn their hard-earned lessons for free.

We can also gain a deeper appreciation for natural language and the messy qualities that give it so much flexibility and power, and that make it so much more than a simple communication device. The ambiguity and lack of precision allow it to serve as an instrument of thought formulation, of experimentation and discovery. We don’t have to know exactly what we mean before we speak; we can figure it out as we go along. Or not. We can talk just to talk, to be social, to feel connected, to participate. At the same time natural language still works as an instrument of thought transmission, one that can be made extremely precise and reliable when we need it to be, or left loose and sloppy when we can’t spare the time or effort.

When it is important that misunderstandings be avoided, we have access to the same mechanism that allowed Shirley McNaughton’s students to make use of the vague and imprecise Blissymbols, or that allows deaf people to improvise an international sign language—negotiation. We can ask questions, check for signs of confusion, repeat ourselves in multiple ways. More important, we have access to something that language inventors have typically disregarded or even disdained—mere conventional agreement, a shared culture in which definitions have been established by habit. It is convention that allows us to approach a Loglan level of precision in academic and scientific papers or legal documents. Of course to benefit from the precision you must be in on the conventional agreements on which those modes of communication depend. That’s why when specialists want to communicate with a general or lay audience—those who don’t know the conventions—they have to move back toward the techniques of negotiation: slowing down, answering questions, explaining terms, illustrating with examples. […]

When language inventors try to bypass convention—to make a language that is self-explanatory or universal—they either make a less efficient communications tool, one that shifts too much of the burden to negotiation, like Blissymbolics, or take away too much flexibility by over-determining meaning, like Wilkins’s system did. When they try to take away culture, the place where linguistic conventions are made, they have to substitute something else—like the six-hundred-page book of rules that define Lojban, and that, to date, no human has been able to learn well enough to comfortably engage in the type of conversation that any second-semester language class should be able to handle.

There are types of communication, such as the language of music, that may allow us to access some kind of universal meaning or emotion, but give us no way to say, I left my purse in the car. There are unambiguous systems, such as computer programming languages, that allow us to instruct a machine to perform a certain task, but we must be so explicit about meanings we can normally trust to inference or common sense that it can take hours or days of programming work to achieve even the simplest results. Natural languages may be less universal than music and less precise than programming languages, but they are far more versatile, and useful in our everyday lives, than either.

Ambiguity, or fuzziness of meaning, is not a flaw of natural language but a feature that gives it flexibility and that, for whatever reason, suits our minds and the way we think. Likewise, the fact that languages depend on arbitrary convention or cultural habit is not a flaw but a feature that allows us to rein in the fuzziness by establishing agreed-upon meanings at different levels of precision. Language needs its flaws in order to do the enormous range of things we use it for.

—Arika Okrent (2009), In the Land of Invented Languages: Esperanto Rock Stars, Klingon Poets, Loglan Lovers, and the Mad Dreamers who Tried to Build a Perfect Language. ISBN 978-0-385-52788-0. 256-258.

Something important to remember: we are, after all, so often calling for clarity in language (whether as philosophers or political radicals or…) and when we do that it’s often easy to think that what we need is language that is perfectly clear. But this is a will-o’-the-wisp; what is interesting and important is clarification as a practice — not the ex ante features of a language or a text, but the process of a conversation.

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Verbatim

Officers’ safety comes first, and not infringing on people’s rights comes second. — Lieutenant Fran Healy, Special Adviser to the Police Commissioner, Philadelphia Police Department

(Via Radley Balko.)

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Monday Lazy Linking

Barack Obama: Deep cover Anarchist?

Has the current occupant of the White House been sneaking reads of Equality: The Unknown Ideal, and, convinced by Roderick’s argument, spent the last few years quietly advocating the Anarchistic doctrine that principles of individual freedom, carried to their fullest extent, logically entail freedom from any and all forms of government? Selective quotation and convenient ellipses would seem to indicate that he has!

We consider these rights to be universal, a codification of liberty’s meaning, constraining all levels of government …. Moreover, we recognize that the very idea of these universal rights presupposes the equal worth of every individual. … We also understand that a declaration is not a government; … [T]here [are] seeds of anarchy in the idea of individual freedom, an intoxicating danger in the idea of equality… [F]or if everyone is truly free, without the constraints of birth or rank and an inherited social order, how can we ever hope to form a society that coheres?

—Barack Obama (2006), The Audacity of Hope, 86-87.

Well, we can’t. Which is fine. Of course, you’re free to go around cohering as much as you want on your own time; but what I want is a peaceful, consensual society. One where people come together where they want to, and aren’t forced into lockstep where they don’t want to be. Obama is of course right that the principles of individual liberty and equality produce declarations, not governments, and that that soil is sown with the seeds of Anarchy. He’s right to see that when you let those seeds grow and come into bloom, it means that everybody is truly free, and that they overwhelm any political scheme of rigid rows, of constraints of birth and rank, of social orders imposed from above (whether by the self-selected, or the majority-elected). Which is exactly why Anarchy is something to be desired and cultivated. The solution to the problem of incipient Anarchy is to realize that there isn’t a problem. Political coherence is not required. Freedom, peace and equality are more than enough.

(Via Francois Tremblay 2008-12-03, via Noor Mehta, via Facebook.)

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