Gray on Akerlof and Shiller

Philosopher John Gray has a review in the LRB of Akerlof and Shiller’s new book on the errors of mainstream economics, a review which mentions the sadly-neglected economist George Shackle.  Shackle, unlike most academic economists, actually worked in industry and Government and had made investment decisions, and knew whereof he wrote.

If Akerlof and Shiller’s grip on the history of economic thought is shaky, they also fail to grasp why Keynes rejected the idea that markets are self-stabilising. Throughout Animal Spirits they portray him as reintegrating psychology with economic theory. No doubt this was one of Keynes’s goals, but it is not his most fundamental revision of economic orthodoxy. Among his other accomplishments he was the author of A Treatise on Probability (1921), in which he tried to develop a theory of ‘rational degrees of belief’. By his own account he failed, and in his canonical General Theory of Employment, Interest and Money (1936) he concluded that there was no way anyone could make forecasts. Future interest rates and prices, new inventions and the likelihood of a European war cannot be predicted: there is no ‘basis on which to form any calculable probability whatever. We simply do not know!’ For Keynes, markets are unstable less because they are driven by emotion than because the future is unknowable. To suggest that the source of market volatility is unreason is to imply that if people were fully rational markets could be stable. But even if people were affectless calculating machines they would still be ignorant of the future, and markets would still be volatile. The root cause of market instability is the insuperable limitation of human knowledge.
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Vale Richard Meale

Australian composer Richard Meale (1932-2009, pictured in 1972) has just died at the age of 77.   He was perhaps Australia’s best expressionist, especially in moving early works such as Homage to Garcia Lorca, and Clouds Now And Then.   In his later years, like so many 20th-century Australian  modernist composers, he turned to writing late-romantic tosh, as if the only function of composers was to support the film industry.

In honour of his memory, I repeat the profound Basho haiku which he quoted on the score of Clouds Now And Then:

Clouds now and then,
Giving men relief
From moon-viewing.

SOME LINKS:
The SMH obituary is here.  An account of his funeral is here and reminiscences by composers David Worrall and Ross Edwards are here.    Andrew Ford’s eulogy is here.  A review of a memorial concert held for him in February 2010 is here.

POSTCRIPT (Added 2013-02-23):  Meale visited UCLA in 1960 on a travel grant from the Ford Foundation, and there studied and played traditional Japanese and Balinese gamelan music.   I wonder if one of his teachers was Colin McPhee, who taught ethnomusicology there from 1958.  (And how cool was that:  to be teaching ethnomusicology at UCLA in the late 50s!)

POSTSCRIPT 2 (Added 2014-08-08):  Here also is a tribute to Richard Meale’s nephew, Tony Meale.
 

Social surveys in the developing world

Robert Chambers, sociologist of development, writing about social science surveys in the developing world:

As data collection is completed, processing begins. Coding, punching and some simple programming present formidable problems. Consistency checks are too much to contemplate. Funds begin to run out because the costs of this stage have been underestimated. Reports are due before data are ready. There has been an overkill in data collection; there is enough information for a dozen Ph.D. theses but no one to use it. Much of the material remains unprocessed, or if processed, unanalysed, or if analysed, not written-up, or if written-up, not read, or if read, not remembered, or if remembered, not used or acted upon. Only a minuscule proportion, if any, of the findings affect policy and they are usually a few simple totals. These totals have often been identified early on through physical counting of questionnaires or coding sheets and communicated verbally, independently of the main data processing.”

Reference:
Robert Chambers [1983]: Rural Development: Putting the Last First. London, UK: Longman. p. 53.

Poem: Chaconne

Today’s poem is by Australian poet Michael Dransfield (1948-1973):

Chaconne
The most significant fact about this room is that nothing else
exists. Beyond the walls, nothing. Outer space, perhaps, infinite
and invisible. The windows are mirrors. Why look out when one
can look in?
There is no furniture. It is more amusing to imagine new, different
fittings each day, than it would be to wake to the same shapes,
colours, textures. Today, next year,
yesterday, it is one. On a wall – or is it the floor – is a clock
I built once, or shall build, or am building. Its hands are
identical / their mute semaphore. Opposite, a pool of green,
blue, sometimes colourless liquid, sometimes reflects and
sometimes invents.
I think of this room as a filing-cabinet, a memory bank where the
history of fantasy is stored. The fantasy is history. Dreams are
sculptures, names are poems, nobody comes for there is no-one else,
and nowhere from which to come. Proust, de Vigny, Owen Aherne,
my identities are interchangeable. The mind is an entertainment,
a circus where philosophers perform. I inhabit the drawing room
Rimbaud imagined at the
bottom of a lake, purple tincture of opium. And identical self
represents me on the previous planet, they will not
notice I have gone. It is difficult sometimes
for me to remember that I too am imaginary. The world has
neither ended nor begun / creativity and hallucination /
perhaps a huge joke gone awry,
a lysergic acid rave, Robinson Crusoe on the wrong island.
But still an island, bounded by seas I shall never sail.
Solitudes. Pacing impatiently
the cage of body, of self. An exit glitters brightly in my hand.

 
Reference:
Thomas W. Shapcott (Editor) [1970]: Australian Poetry Now. Melbourne, Australia: Sun Books, p. 206.

Knowing ways

Further to my post about different ways of knowing and recent posts on religion, is this statement from a story in The Melbourne Age today, about Indigenous Australian footballers:

In her book Yuendumu Everyday, Yashmine Musharbash refers to the Aboriginal notion that knowledge is acquired through ”doing” rather than questions.”

Reference:
Yasmine Musharbash [2009]: Yuendumu Everyday: Contemporary Life in Remote Aboriginal Australia.  Aboriginal Studies Press.

Poem: Song

Today a poem by Kath Walker, aka Oodgeroo Noonuccal, (1920-1993), Australian poet and civil rights activist, and someone my grandmother knew.  Ms Walker was the first person of Australian Aboriginal descent to publish a book of poetry.

Song
Life is ours in vain
Lacking love, which never
Counts the loss or gain.
But remember, ever
Love is linked with pain.
Light and sister shade
Shape each mortal morrow
Seek not to evade
Love’s companion Sorrow,
And be not dismayed.
Grief is not in vain
It’s for our completeness
If the fates ordain
Love to bring life sweetness,
Welcome too its pain.

Reference:
Kath Walker [1966]:  The Dawn is at Hand: Poems. This edition published 1992 in  New York NY USA, by Marion Boyars, page 110.

Doing and believing

Alerted by Norm, I find myself reading Richard Norman’s defence of the new atheism here.  This topic is not new territory for Vukutu, as seen here and here.  There is little point in repeating my prior arguments, but something in Richard Norman’s argument requires a response, since (like so much of the new atheism) it seems to derive from ignorance of religious practice:

Of course it’s true that a religious community is not a debating society, and a religious service, with its prayers and hymns and rituals, is not an academic seminar whose business is to assess and defend theories. But the key phrase in the passage from Cornwell is “only partly”. The asserting of beliefs may not be the main preoccupation of religious activities, but it is still essential. Without the beliefs, the practices make no sense. Prayer is meaningless without a belief of some kind, however vague, that there is someone, a person, who is being addressed. Hymns of praise and adoration are meaningless without some kind of belief in a deity who is worthy of adoration. And there is accordingly no evading the question of whether these beliefs are true.”

Norman is profoundly wrong here.  When he says, “Without the beliefs, the practices make no sense,” he means, “Without the beliefs, the practices make no sense to someone wedded to the idea that actions have to be informed by prior beliefs.”    Most prayers of most people may have the syntax (the external form) of supplications, but that is usually not why most people pray most of the time.  If that were so, then why would intelligent, rational people keep on praying in the face of the repeated failure of their supplications?    Only a literalist (and, my goodness, aren’t there are lot of those among the nouveau atheists!) would imagine that the syntax of an utterance represents the full extent of its possible meanings or uses.   Indeed, one could view the last six decades of research in the philosophy of language as seeking to refute just this single idea.

Rather, most people who pray or chant or sing hymns or attend church do so in order to commune with what they consider to be (or which might be) a non-material realm, the divine.  In particular, people can feel drawn to interactions with such a realm (in the form of prayers or meditation, or through the reading of scriptures, or by attendance at religious ceremonies, etc) for reasons or motivations or experiences that they themselves do not fully understand or that they cannot even put into words.    It is possible, but not becoming, to mock these motivations, as Norm does here.  But mockery, although historically the standard  approach of scientists faced with phenomena they can’t yet explain (from magnetism to meteors to new planets), does not make the underlying experiences any less real nor the evidence any less compelling for those who have had the experiences or felt the motivations.

As I have said before (and many have said before me), belief can be what comes after one practices spiritual activities long enough, not necessarily what leads one to practice them.   I suppose it can be great shock to a professor of moral philosophy that intelligent people may act without first having a well-grounded belief to justify their actions, but that is what most of us have done, in most cultures, most of the time, for most of human history.  It is surely ironic that the new atheists attacking religious ideas and practices should be so firmly in the grasp of a meme – that beliefs necessarily precede and inform actions – whose origins are in the Confessing Protestant ideas of the Christian Reformation, and one which is historically and culturally an aberration, even within Christianity.

POSTSCRIPT (2009-11-14):  Norm has responded to this post, here, and Martin commented here.    And here are my views on the meaning of rituals and religious practices.

Theatre Lakatos

Last night, I caught a new Australian play derived from the life of logician Kurt Godel, called Incompleteness.  The play is by playwright Steven Schiller and actor Steven Phillips, and was peformed at Melbourne’s famous experimental theatrespace, La Mama, in Carlton. Both script and performance were superb:  Congratulations to both playwright and actor, and to all involved in the production.
Godel was famous for having kept every piece of paper he’d ever encountered, and the set design (pictured here) included many file storage boxes.  Some of these were arranged in a checkerboard pattern on the floor, with gaps between them.  As the Godel character (Phillips) tried to prove something, he took successive steps along diagonal and zigzag paths through this pattern, sometimes retracing his steps when potential chains of reasoning did not succeed.   This was the best artistic representation I have seen of the process of attempting to do mathematical proof:  Imre Lakatos’ philosophy of mathematics made theatrical flesh.
 

There is a photograph of the La Mama billboard at Paola’s site.

Managers of renown

Since we so rarely have the chance to thank those who have influenced us, I have previously listed teachers and non-fiction writers who have influenced me, and listed the public lectures I have attended.  I thought it appropriate also to list the people I have worked with whom I have admired and learnt from as managers, which I do here:
Victor Barendse, Andreas von Blottnitz, Will Bobb, Gene La Borne, Judy Bradford, Jan Buettner, John Cornish, Don Day, Wanchai Ekraksasilpchai, John Griffiths, Neill Haine, Tony Hawkins, Michael Heath RIP, Jin-Young Hwang, Walter Kamba RIP, Mathieu Lasalle, Marian McEwin, Michael Orr, Maureen Piche, Jerry Rossi, Leanne Thomas, Dennis Trewin, Henry Vandemark, Don Warkentin, Richard Wetenhall.

Effective leadership is context-specific:  what works in one domain on one occasion may not work elsewhere or with the same people at other times.   However, in looking across the people whose management skills I have learnt from, I realize there are some common features which most share to a greater or lesser extent.   One is a sharp intelligence, which may be manifest in many diverse ways (verbally, mathematically, organizationally, etc).  A second feature is a marked ability to read the emotions of others and to sense the social dynamics of a group or a meeting.    Good managers know their audiences well.  A third feature is an ability to read their own emotions (a skill which is surprisingly uncommon) together with an ability to control the public expression of these emotions when it so behooves them;   most of the people I have listed would make good poker players.  A fourth feature is an integrity of purpose – enthusiasm, honesty, transparency, directness, fairness, a willingness to argue for positions, and a willingness to consider evidence before reaching conclusions.  Finally, all of these people are effective at getting things done – not a skill to be sneezed at, despite the generally low status that doing things has among the chatterati.