Asymmetric Interpretations

Abstract

Knowledge consists of the triad: information, interpretation, and judgement. Much of modern political economy has miscarried by proceeding as though knowledge were merely “information” that is, as though interpretation were symmetric and final. Economic prosperity depends greatly on new knowledge or “discovery” of profit opportunities that translate into social betterment. These discoveries are often a transcending of the working interpretation, not merely the acquisition of new information. The evolution of interpretations is key to appreciating voluntarism as a maxim for policy. Smith, Hayek, and Kirzner taught that bad public policy is partly the result of not knowing better, not of evil or greed. Economists may justify their efforts and their salaries chiefly by teaching citizens to know better. Such is the economist’s calling.La connaissance consiste en une triade : information, interprétation, et jugement. Une bonne part de l’économie politique moderne a échoué en assimilant la connaissance à l’information, ce qui revenait à dire que l’interprétation était symétrique et ultime. La prospérité économique repose dans une grande mesure sur l’émergence de nouvelles connaissances ou la “découverte” d’occasions de profit porteuses d’améliorations sociales. Souvent ces découvertes transcendent l’interprétation courante et non seulement l’acquisition de nouvelles informations. L’évolution des interprétations est essentielle pour évaluer le volontarisme en tant que maxime pour la politique. Smith, Hayek et Kirzner nous ont enseigné que des politiques publiques inappropriées résultent en partie d’une déficience de connaissances plutôt que de mauvaises intentions ou d’avidité. Les économistes peuvent justifier leurs efforts et leurs salaires essentiellement en apprenant aux citoyens à s’enrichir de connaissances. Telle est la vocation de l’économiste.

Download options

PhilArchive



    Upload a copy of this work     Papers currently archived: 72,879

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Analytics

Added to PP
2017-01-12

Downloads
6 (#1,142,265)

6 months
1 (#386,001)

Historical graph of downloads
How can I increase my downloads?

References found in this work

No references found.

Add more references

Citations of this work

No citations found.

Add more citations

Similar books and articles

Unifying Functional Interpretations.Paulo Oliva - 2006 - Notre Dame Journal of Formal Logic 47 (2):263-290.
Deflating the Deflationary View of Information.Olimpia Lombardi, Sebastian Fortin & Cristian López - 2016 - European Journal for Philosophy of Science 6 (2):209-230.
Interpretation: Types and Criteria.Göran Herméren - 1983 - Grazer Philosophische Studien 19 (1):131-161.
Kirznerian Economics: Some Policy Implications and Issues.Frédéric Sautet - 2002 - Journal des Economistes Et des Etudes Humaines 12 (1).
Optimality Theoretic Semantics.Petra Hendriks & Helen De Hoop - 2001 - Linguistics and Philosophy 24 (1):1 - 32.
Interpretations in Art Criticism.Linda Irene Nagle - 1982 - Dissertation, Rutgers the State University of New Jersey - New Brunswick
Understanding Epistemic Relevance.Luciano Floridi - 2008 - Erkenntnis 69 (1):69-92.
Pure Quantum Interpretations Are Not Viable.I. Schmelzer - 2011 - Foundations of Physics 41 (2):159-177.