When Washington Shut Down Wall Street unfolds like a mystery story. It traces Treasury Secretary William Gibbs McAdoo's triumph over a monetary crisis at the outbreak of World War I that threatened the United States with financial disaster. The biggest gold outflow in a generation imperiled America's ability to repay its debts abroad. Fear that the United States would abandon the gold standard sent the dollar plummeting on world markets. Without a central bank in the summer of 1914, the (...) United States resembled a headless financial giant. William McAdoo stepped in with courageous action, we read in Silber's gripping account. He shut the New York Stock Exchange for more than four months to prevent Europeans from selling their American securities and demanding gold in return. He smothered the country with emergency currency to prevent a replay of the bank runs that swept America in 1907. And he launched the United States as a world monetary power by honoring America's commitment to the gold standard. His actions provide a blueprint for crisis control that merits attention today. McAdoo's recipe emphasizes an exit strategy that allows policymakers to throttle a crisis while minimizing collateral damage. When Washington Shut Down Wall Street recreates the drama of America's battle for financial credibility. McAdoo's accomplishments place him alongside Paul Volcker and Alan Greenspan as great American financial leaders. McAdoo, in fact, nursed the Federal Reserve into existence as the 1914 crisis waned and served as the first chairman of the Federal Reserve Board. (shrink)

A quarterback like Green Bay's Aaron Rodgers gambles with a Hail Mary pass at the end of a football game when he has nothing to lose - the risky throw might turn defeat into victory, or end in a meaningless interception. Rodgers may not realize it, but he has much in common with figures such as George Washington, Rosa Parks, Woodrow Wilson, and Adolph Hitler, all of whom changed the modern world with their risk-loving decisions. In The Power of Nothing (...) to Lose, award-winning economist William Silber explores the phenomenon in politics, war, and business, where situations with a big upside and limited downside trigger gambling behavior like with a Hail Mary. Silber describes in colorful detail how the American Revolution turned on such a gamble. The famous scene of Washington crossing the Delaware on Christmas night to attack the enemy may not look like a Hail Mary, but it was. Washington said days before his risky decision, "If this fails I think the game will be pretty well up." Rosa Parks remained seated in the White section of an Alabama bus, defying local segregation laws, an act that sparked the modern civil rights movement in America. It was a life-threatening decision for her, but she said, "I was not frightened. I just made up my mind that as long as we accepted that kind of treatment it would continue, so I had nothing to lose. (shrink)

The present collection brings together for the first time Rowe's most significant contributions to the philosophy of religion. This diverse but representative selection of Rowe's writings will provide students, professional scholars as well as general readers with stimulating and accessible discussions on such topics as the philosophical theology of Paul Tillich, the problem of evil, divine freedom, arguments for the existence of God, religious experience, life after death, and religious pluralism.

The conceptual framework of religion is more like the frame of a picture than the frame of a house; and what goes on within the frame is other than conceptual. This is the hypothesis motivating the analysis which follows. Given the hypothesis, the problem is to conceive what religion is - this other-than-conceptual enterprise which tends to attract conceptual frames. A possible answer is available in Wittgensteinian ‘seeing-as’. A number of philosophers of religion have recently exercised this option. The present (...) paper adds to their work by comparing a number of types of religious seeing-as with the instances of visual ambiguity drawn on by Wittgenstein. (shrink)

Isaac Newton's Scientific Method examines Newton's argument for universal gravity and his application of it to resolve the problem of deciding between geocentric and heliocentric world systems by measuring masses of the sun and planets. William L. Harper suggests that Newton's inferences from phenomena realize an ideal of empirical success that is richer than prediction. Any theory that can achieve this rich sort of empirical success must not only be able to predict the phenomena it purports to explain, but (...) also have those phenomena accurately measure the parameters which explain them. Harper explores the ways in which Newton's method aims to turn theoretical questions into ones which can be answered empirically by measurement from phenomena, and to establish that propositions inferred from phenomena are provisionally accepted as guides to further research. This methodology, guided by its rich ideal of empirical success, supports a conception of scientific progress that does not require construing it as progress toward Laplace's ideal limit of a final theory of everything, and is not threatened by the classic argument against convergent realism. Newton's method endorses the radical theoretical transformation from his theory to Einstein's. Harper argues that it is strikingly realized in the development and application of testing frameworks for relativistic theories of gravity, and very much at work in cosmology today. (shrink)

Can God Be Free? is a penetrating study of a central problem in philosophy of religion: can it be right to regard God as free, and as praiseworthy for being perfectly good? Allowing that he has perfect knowledge and perfect goodness, if there is a best world for God to create he would have no choice other than to create it. But if God could not do otherwise than create the best world, he created the world of necessity, not freely, (...) and we have no reason to be thankful to God for creating us, since he couldn't do otherwise. William Rowe proposes the need for some substantial revision in contemporary thinking about the nature of God. (shrink)

The dark matter problem in astrophysics exposes an underappreciated weakness in the evidential warrant for General Relativity (GR). The "dark matter double bind" entails that GR gets no differential evidential support from dynamical phenomena occurring at scales larger than our solar system, as compared to members of a significant class of rival gravitation theories. These rivals are each empirically indistinguishable from GR for phenomena taking place at solar system scales, but make predictions that may differ radically from GR's at larger (...) scales. Thus the typical confidence in the universal applicability of GR is insufficiently warranted in the present evidential context. (shrink)

This paper compares four techniques for measuring the masses of galaxies and larger astrophysical systems from their dynamics. The apparent agreement of these techniques is sometimes invoked as reason for hypothesizing the existence of huge quantities of “dark matter” as the best solution to “the dynamical discrepancy”, the 100-fold disparity between the amount of mass visible in large scale astrophysical systems and the amount calculated from dynamics. This paper argues that the agreement, though suggestive, is not definitive. The coincident measurements (...) remain the best reason for preferring dark matter over revisions to General Relativity for solving the dynamical discrepancy, but the resulting warrant for this preference is weak. (shrink)

Peter Kosso discusses the weak gravitational lensing observations of the Bullet Cluster and argues that dark matter can be detected in this system solely through the equivalence principle without the need to specify a full theory of gravity. This paper argues that Kosso gets some of the details wrong in his analysis of the implications of the Bullet Cluster observations for the Dark Matter Double Bind and the possibility of constructing robust tests of theories of gravity at galactic and greater (...) scales. Even the Bullet Cluster evidence is not sufficiently detailed to allow precision tests of General Relativity that would distinguish it from its rivals at galactic and greater scales. Taking into account the total evidence available, we cannot rule out “ugly” solutions to the dynamical discrepancy in astrophysics that involve both a large quantity of dark matter and a theory of gravity whose predictions differ significantly from those of General Relativity for interactions taking place at galactic and greater scales. (shrink)

Hume says we never have grounds to believe in miracles. He’s right, but many commentators misunderstand his theory of probability and therefore his argument. This book shows that Humean probability descends from Roman law, and once properly contextualized historically and philosophically, Hume’s argument survives the criticisms leveled against it.

_God and the Problem of Evil_ brings together influential essays on the question of whether the amount of seemingly pointless malice and suffering in our world counts against the rationality of belief in God, a being who is said to be all-powerful, all-knowing, and perfectly good.

According to a rights forfeiture theory of punishment, liability to punishment hinges upon the notion that criminals forfeit their rights against hard treatment. In this paper, I assume the success of rights forfeiture theory in establishing the permissibility of punishment but aim to develop the view by considering how forfeited rights might be reclaimed. Built into the very notion of proportionate punishment is the idea that forfeited rights can be recovered. The interesting question is whether punishment is the sole means (...) for reclaiming forfeited rights. I argue for a pluralistic theory of rights reclamation, according to which, there are multiple ways by which a wrongdoer can recapture her forfeited rights. In particular, I argue that offering remorseful compensation is a valid means by which a wrongdoer might partially, or fully, reclaim her right against punishment. (shrink)

The United States carceral system, as currently designed and implemented, is widely considered to be an immoral and inhumane system of criminal punishment. There are a number of pressing issues related to this topic, but in this essay, I will focus upon the problem of prison violence. Inadequate supervision has resulted in unsafe prison conditions where inmates are regularly threatened with rape, assault, and other forms of physical violence. Such callous disregard and exposure to unreasonable risk constitutes a severe violation (...) of the rights of prisoners by the state. While there have been numerous legal, political, and activist efforts to draw attention to this issue—with the goal of reforming and making prisons safer—my goal is different. I argue that inmates who are victims of prison violence should have their sentences automatically reduced. Two distinct arguments are advanced in support of this claim. First, I argue that acts of prison violence are a sort of state-mediated harm which can thus be appropriately described as punishment-constituting. Second, and more straightforwardly, I argue that the compensation owed to prisoners who are victims of prison violence may naturally take the form of a reduced sentence. (shrink)

Thomas Reid developed an important theory of freedom and moral responsibility resting on the concept of agent-causation, by which he meant the power of a rational agent to cause or not cause a volition resulting in an action. He held that this power is limited in that occasions occur when one's emotions or other forces may preclude its exercise. John Martin Fischer has raised an objection – the not enough ‘Oomph’ objection – against any incompatibilist account of freedom and moral (...) responsibility. In this essay I argue that Fischer's not enough ‘Oomph’ objection fails to provide any reasons for rejecting Reid's incompatibilist, agent-causation account of freedom and moral responsibility. (shrink)

This paper defends David Hume's "Of Miracles" from John Earman's (2000) Bayesian attack by showing that Earman misrepresents Hume's argument against believing in miracles and misunderstands Hume's epistemology of probable belief. It argues, moreover, that Hume's account of evidence is fundamentally non-mathematical and thus cannot be properly represented in a Bayesian framework. Hume's account of probability is show to be consistent with a long and laudable tradition of evidential reasoning going back to ancient Roman law.

The authors illuminate the process of preservice teacher learning about race through a narrativized case study of Michelle, a White elementary teacher. Michelle displayed elements of White resistance to race but also a desire to engage in teaching about race. When race is viewed as a threshold concept ( Meyer & Land, 2006 ), Michelle's struggles with race highlight important considerations for teacher education.

Gilbert Harman’s defense of moral relativism is distinctive because it is grounded upon a fundamental theory of moral obligation, and not merely upon certain well-known anthropological facts (e.g., cultural diversity). Harman’s theory of moral obligation is a particular form of “internalism”-roughly, that to have a moral obligation, one must have some adequate motivation (either dispositional or occurrent) to observe such constraints on action. It is argued, in the present piece, that Harman’s version of internalism fails to account for the sense (...) of using common moral judgments for the purposes of moral education (there is, in other words, a relativism that exists between those with more complex moralities and those who are just learning moral ideas). But this use of moral judgments seems to be crucial in moral education. Since this is so, this difficulty poses an important anomaly to Harman’s relativistic moral theory. (shrink)