The 2022 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded to Ben Bernanke, Douglas Diamond, and Philip Dybvig “for research on banks and financial crises”. Jens van 't Klooster reflects on Bernanke, Diamond, and Dybvig's work.

The dramatic events of the crisis have reignited debates on the independence of central banks and the scope of their mandates. In this article, I contribute to the normative understanding of these developments by discussing John Rawls’s position in debates of the 1950s and 1960s on the independence of the US Federal Reserve. Rawls’s account of the central bank in his property-owning democracy, Democratic Central Banking, assigns authority over monetary policy directly to the government and prioritizes low unemployment over price (...) stability. I contrast DCB with Central Bank Independence, which requires that the central bank is independent of the government and pursues low inflation. I evaluate DCB by asking whether justice as fairness requires democratic control of the central bank and argue that it does not. Instead, so I argue, the choice between DCB and CBI should be justified in terms of the difference principle. By reflecting on central banking in a property-owning democracy, I cast new light on the Rawlsian realistic utopia of a just capitalist society, while also investigating democratic objections to today’s independent central banks. (shrink)

Democratic societies are rife with talk of trust in institutions such as governments, banks, news agencies, medical practitioners, nuclear power plants, weather forecasters and social network sites. These institutions are anonymous in the sense that citizens tend to know very little about them. Philosophers have argued that trust in the absence of sufficient evidence may fit a child who trusts its parents but is inappropriate for the vigilant citizens of a democratic society. In this article, I defend the appropriateness of (...) trusting anonymous institutions against its critics. To this end, I develop two principles of appropriateness that apply to a wide range of trusting attitudes. First, the principle of epistemic duties according to which the truster should not be culpably ignorant about the trustee, where, what constitutes culpable ignorance will depend on the relationship of trust. Second, the principle of appropriate normative expectations according to which a truster should have normative expectations that fit the relationship with the trustee and the valued outcome at stake in the trust relation. I then show that it is often appropriate to trust anonymous institutions. In fact, the evidential requirements on trust are sometimes so low as to allow citizens to trust institutions which they know literally nothing about. (shrink)

In this paper we aim to shed light on the dynamics of regional identity construction and deconstruction. We will argue that four forms of identity can be identified that are linked through various processes of change. To that end, we will theoretically conceptualise 'identity' by discussing historical and current scholarly debates on identity in a variety of scientific disciplines. Then, we will argue that the mutual contradiction of the current theories is a paradox if seen from the angle of regional (...) identity construction and deconstruction. Building upon elements from the various theoretical approaches, we propose a heuristic model describing the dynamics of identity construction and deconstruction, which will be explored by means of the example of the Green Heart region, a spatial planning concept in western Holland. (shrink)

A lot of research has been done on the detection of mental workload using various bio-signals. Recently, deep learning has allowed for novel methods and results. A plethora of measurement modalities have proven to be valuable in this task, yet studies currently often only use a single modality to classify MWL. The goal of this research was to classify perceived mental workload using a deep neural network that flexibly makes use of multiple modalities, in order to allow for feature sharing (...) between modalities. To achieve this goal, an experiment was conducted in which MWL was simulated with the help of verbal logic puzzles. The puzzles came in five levels of difficulty and were presented in a random order. Participants had 1 h to solve as many puzzles as they could. Between puzzles, they gave a difficulty rating between 1 and 7, seven being the highest difficulty. Galvanic skin response, photoplethysmograms, functional near-infrared spectrograms and eye movements were collected simultaneously using LabStreamingLayer. Marker information from the puzzles was also streamed on LSL. We designed and evaluated a novel intermediate fusion multimodal DNN for the classification of PMWL using the aforementioned four modalities. Two main criteria that guided the design and implementation of our DNN are modularity and generalisability. We were able to classify PMWL within-level accurate on a seven-level workload scale using the aforementioned modalities. The model architecture allows for easy addition and removal of modalities without major structural implications because of the modular nature of the design. Furthermore, we showed that our neural network performed better when using multiple modalities, as opposed to a single modality. The dataset and code used in this paper are openly available. (shrink)

In this paper we aim to shed light on the dynamics of regional identity construction and deconstruction. We will argue that four forms of identity can be identified that are linked through various processes of change. To that end, we will theoretically conceptualise 'identity' by discussing historical and current scholarly debates on identity in a variety of scientific disciplines. Then, we will argue that the mutual contradiction of the current theories is a paradox if seen from the angle of regional (...) identity construction and deconstruction. Building upon elements from the various theoretical approaches, we propose a heuristic model describing the dynamics of identity construction and deconstruction, which will be explored by means of the example of the Green Heart region, a spatial planning concept in western Holland. (shrink)

In this paper we aim to shed light on the dynamics of regional identity construction and deconstruction. We will argue that four forms of identity can be identified that are linked through various processes of change. To that end, we will theoretically conceptualise 'identity' by discussing historical and current scholarly debates on identity in a variety of scientific disciplines. Then, we will argue that the mutual contradiction of the current theories is a paradox if seen from the angle of regional (...) identity construction and deconstruction. Building upon elements from the various theoretical approaches, we propose a heuristic model describing the dynamics of identity construction and deconstruction, which will be explored by means of the example of the Green Heart region, a spatial planning concept in western Holland. (shrink)

Causal eliminativists maintain that all causal talk is false. The prospects for such a view seem to be stymied by an indispensability argument, charging that any agent must distinguish between effective and ineffective strategies, and that such a distinction must commit that agent to causal notions. However, this argument has been under-explored. The contributions of this paper are twofold: first, I provide a thorough explication of the indispensability argument and the various ways it might be defended. Second, I point to (...) an important limitation in the argument and suggest that it does not give us sufficient reason to reject eliminativism. In support of this last claim, I show that the distinction between effective and ineffective strategies could perfectly well be grounded in a counterfactual rather than a causal decision theory and argue that there are fully adequate explanations of how we could come to make the requisite counterfactual judgments that need not invoke causal concepts. (shrink)

According to ontological nihilism nothing exists. A recent argument purports to show that this view is indefensible, since its most plausible formulations are tacitly committed to quantificational claims that are inconsistent with the nihilist's view that there aren't any existents. I show that this objection begs the question against the nihilist. The objector's argument relies on an equivalence principle implying that claims which nihilists regard as non-quantificational should nonetheless be interpreted as equivalent to quantified claims, given that both kinds of (...) assertion are assertible in the same contexts. This style of reasoning is supported by considerations of charity, which suggest that similarities in inter-personal patterns of language use provide evidence of similarity in the semantic content of speakers' utterances. However, related considerations also suggest that intra-personal patterns of language use constitute significant semantic evidence of the same kind. When we appreciate this and further recognize that nihilists are disposed to assert the negation of any positive, quantified claim, we see that it is too much to expect principles of semantic interpretation based on considerations of charity to decisively refute nihilism. This result has interesting metametaphysical implications concerning the role and scope of analogous arguments based on principles of interpretive charity. (shrink)

The objective of the new series, "Molecular Biology, Biochemistry and Biophysics", of which this brochure forms the first volume, is to produce more than another compilation of data. It is hoped that the new series will help the individual "specialist" keep abreast of important developments in the natural sciences at the molecular and subcellular level in fields complementary to his own. The predominant aim is not so much to increase the ever-growing body of information in an encyclopedic fashion but rather (...) to give, in addition to a well rounded factual presentation of subjects which have reached a degree of maturation, a leitmotiv developed by the individual authors from a more personal point of view. The reader should thus be able to use these mono graphs not only for acquisition of knowledge but as a source of further motiva tion in his own work. This latter and more consequential aim of the monograph series is one of the reasons for presenting here a most unusual talk which should enable the reader to sit back and view his own efforts in the context of science and creative attempts as a whole. The lecture is the virtually unknown inaugural address of the Dutch physical chemist JACOBUS HENRICUS VAN'T HOFF. As is shown in his short biography presented on pages 3 and 4 the principal thoughts of the molecular biologist of today are akin to his own and he clearly recognized the universality of molecular life processes. (shrink)

Hugh of Saint-Victor's De Sacramentis is usually regarded as an early summa of theology. As such it has been regarded as not totally satisfying, lacking a clearness of its conceptual system when compared with the work of e.g. Peter the Lombard. What may make up for this lack of system and even confer coherence, be it on a different level, is Hugh's pedagogical view of creation and salvation history, as it shows most clearly in his tropological digressions. In his exposition (...) of the history of salvation as it unfolds since the very beginning, Hugh incorporates the process by which the monk can not only follow the story of the macrocosm, but at the same time can read his self into being, allowing recognition of ambivalence from the start, and thus presenting a multi-demensional view of being human. In the same way as, on the cosmic level, any pre-lapsarian state of innocence exhibits a flaw from the very beginning, so the life of man is in a permanent state of ambiguity. This ambiguity is the framework for man as a moral being. Only within the possibility of choice can man be just or happy, without choice justus and beatus have no real significance. Matters are shown to be even more complicated when, in the story of Eve Hugh draws attention to her doubtful interpretation of God's command, as a factor which precedes her choice. In this way, De Sacramentis is not only a doctrina in our sense of the content of Christian dogma, but it offers the monk a point to which he can attach and conform his intentio: by bringing his intentio in form with the story about creation and fall and reparation, the reader can in fact effect the necessary reparatio, consisting of knowledge of truth and love of virtue. (shrink)

Previous research has shown that uncertainty communication by scientists (i. e., expressing reservations towards their own research) increases the public’s trust in their work. The reasons for this have not been elucidated, however. In the present study, we provide a theoretical explanation for this phenomenon. Specifically, we expected that attributed communicator bias would mediate the effect of uncertainty communication on trust. Results from a mixed-design experiment (N = 88), using modified science news articles, revealed support for this hypothesis. Positive effects (...) of uncertainty communication on trust and donation intention were both mediated by attributed communicator bias. (shrink)

During the 20 years since the Rwandan genocide a number of younger Rwandan theologians have reflected on the terrible events that ravaged their country in 1994. They have presented PhD theses at different universities in Africa and Europe. Four of these deal explicitly with the 1994 genocide. The basic main question of this review article is how these theologians are looking to reconstruct the broken Rwandan society. This analysis reveals that, while exploring a variety of subjects, each of these theologians (...) is looking for a way in which reconciliation may be achieved in Rwandan society, which has been torn apart by the consequences of the genocide. This article indicates the main issues put forward by these scholars and highlights what they have in common and to what extent they differ. (shrink)

The papers in this volume question how perceptions of space influenced understandings of the body and its functions, illness and treatment, and the surrounding natural and built environments in relation to health in the classical and ...

Theoretical arguments and empirical investigations indicate that a high proportion of published findings do not replicate and are likely false. The current position paper provides a broad perspective on scientific error, which may lead to replication failures. This broad perspective focuses on reform history and on opportunities for future reform. We organize our perspective along four main themes: institutional reform, methodological reform, statistical reform and publishing reform. For each theme, we illustrate potential errors by narrating the story of a fictional (...) researcher during the research cycle. We discuss future opportunities for reform. The resulting agenda provides a resource to usher in an era that is marked by a research culture that is less error-prone and a scientific publication landscape with fewer spurious findings. (shrink)

Apostoli and Brown have shown that the class of formulae valid with respect to the class of -ary relational frames is completely axiomatized by Kn: an n-place aggregative system which adjoins [RM], [RN], and a complete axiomatization of propositional logic, with [Kn]:□α1 ∧...∧□αn+1 → □2/ is the disjunction of all pairwise conjunctions αi∧αj )).Their proof exploits the chromatic indices of n-uncolourable hypergraphs, or n-traces. Here, we use the notion of the χ-product of a family of sets to formulate an alternative (...) definition of an n-trace, which in turn enables a new and simpler completeness proof. (shrink)