Tuesday, 27 September 2011

Ethics and Global Climate Change

The global climate change debate has a lopsided empirical basis - in the economy of nature but not political economy - and this has contributed to a peculiar moralising trajectory. I have three main concerns with this: i) climate change has displaced other important concerns, for example of the 1 billion people living in unacceptable poverty; ii) a fixation on global CO2 levels alone distracts from what we can practically do, and even from caring about other aspects of the environment that we want to protect; iii) the debate has induced a kind of millenarian meltdown in which otherwise sensible people have lost all sense of proportion and hope.

Friday, 16 September 2011

Economics for ethics

Ethics and economics have a troubled relationship. The public is generally under the impression that ethics is about being nice or fair to other people, while economics is about the machinery of translating individual selfishness into general wealth. One should not ask what each can say to the other, but which one we should choose.

Strangely enough this is also approximately how most ethicists and economists think about the relation between their disciplines, as a result of a tacit agreement to perpetuate mutual ignorance and antipathy. Ethicists think economists are clumsy buffoons with an impoverished view of human nature and morality, obsessed with incentives and markets as the answer to everything. Economists think ethicists are obsessed with discovering mystical intrinsic values, at the expense of systematically thinking through their real world relevance. These are caricatures with some truth to them. But to the extent that they prevent ethicists and economists from taking each other seriously, they block the real scope for mutual learning.

Thursday, 25 August 2011

How rich do you feel?

If there is one thing the public school system should be able to achieve, it is to produce adults capable of simple arithmetic. So why are so many of us, including so many with professional degrees and 6 digit salaries, awash with debt? We know how to add up - the costs of our consumption - and we know how to subtract that total from our income and see whether the result is positive or negative. But we just don't do it. Rather we spend according to how rich we feel.

Wednesday, 24 August 2011

Against lazy claims against democracy in development

The 'Africa analyst' Michelle Sieff  has recently argued in The African Lions: An Authoritarian Challenge to Development Theory* that democracy is not necessary for development. She identifies  three 'African Lions' - Uganda, Rwanda, and Ethiopia - that are not democracies but are achieving good development results. Therefore Development Theory must be overthrown? I think not.

Monday, 22 August 2011

The Welfare State Requires Immigration Controls

Immigration controls by rich countries are mean. They close out the poor and vulnerable who only want the chance to make a better life. They are characterised by arbitrary rules whose effects can be inhumane - breaking up families, locking up children, deporting good people to uncertain futures in godforsaken countries, etc. So the left is quite comfortable blaming conservatives for the whole idea. But in reality, social democrats need immigration controls for their cherished welfare state to function. They're just happy to let the conservatives take the rap.

Tuesday, 2 August 2011

Truth in the news

The clerisy are the 'intellectual' department of the bourgeoisie. We're the people who went to university and now work in non-manual jobs as corporate or government functionaries, subscribe to the New Yorker (or local equivalent) and read proper books (or at least book reviews). We tend to have intellectual pretensions and liberal political inclinations. We tend also to have strong enlightenment values, in particular a respect for  truth and a demand for rationality. Despite, or perhaps because of, our intellectual pride we are continually astonished to discover that the rest of the world doesn't think like us. Consider the tabloid press.

Wednesday, 27 July 2011

Bad Arguments from History: The Case Against Free Trade

Ha-Joon Chang argues that there is a paradox at the heart of free trade economics: if it's so great why didn't the countries who are now rich do it when they were developing? My answer: because governments have always been willing to listen to protectionists like Chang who flatter their vanity and give intellectual cover to their venality.