Search

Begin New Search

39091. A Peek at Thinking in Principles: The Science of Selfishness

Author:
Craig Biddle
Publication Date:
04-2014
Content Type:
Journal Article
Journal:
The Objective Standard
Institution:
The Objective Standard
Abstract:
Author's note: The following are the introduction and first chapter of my forthcoming book, Thinking in Principles: The Science of Selfishness. The book, which will be published this December, is aimed primarily at active-minded young adults who have some familiarity with the principles of rational egoism. Its purpose is to elucidate the importance and method of thinking in principles. I hope you enjoy these early pages. —CB Introduction Your basic tool for making your life the best it can be is your mind. Your basic skill toward that end is your ability to think—to identify and integrate facts, to understand the world and your needs, to choose life-serving values and goals, to plan your days and years for maximum happiness, and to execute your plans effectively. The quality of every aspect of your life—from your career to romance to friendships to recreation to leisure time—depends on how well you think. How can you maximize your thinking skills? What are the principles of good thinking? How can you embrace and apply those principles to fill your life with values, projects, and people you love? The answers to these and related questions are the subject of this book. Whereas my first book, Loving Life: The Morality of Self-Interest and the Facts that Support It, demonstrates that being moral consists in being selfish, Thinking in Principles: The Science of Selfishness shows what being selfish means in the realm of cognition. It is about how most effectively to use your mind in service of your life, liberty, and pursuit of happiness. You need not have read Loving Life in order to profit from reading this book, but reading either Loving Life or Ayn Rand's The Virtue of Selfishness before reading this book will better equip you to understand and integrate the ideas discussed herein. This book, of necessity, assumes a certain level of agreement about what is true and false, moral and immoral, right and wrong. For instance, it assumes recognition of the fact that reason (i.e., observation and logic) is your only means of knowledge, that neither feelings nor revelation nor faith is a means of knowledge. It assumes some understanding of the propriety of pursuing your own life-serving values and of the impropriety of sacrificing for others, society, or “God.” And it assumes some understanding of the morality of a social system that protects each individual's rights to live by the judgment of his own mind and to keep the product of his effort—and of the immorality of social systems that violate these rights. A reader with no knowledge of such truths will have trouble focusing on the subject at hand—the principles of thinking in principles—because he will constantly be challenged by the content and evaluations of various principles being used as concretes for discussion. We couldn't begin to discuss a science of good thinking for good living without assuming a basic understanding of what good thinking and good living consist of, and these ideas are part of such an understanding. If they are foreign to you, I suggest reading one of the above-mentioned books before proceeding. The purpose of this book is to examine the nature and need of principles; to identify and elucidate the principles of the method of thinking in terms of principles; and to integrate those principles into a systematic, scientific approach to living and loving life. Chapter 1, “What Principles Are and Why You Need Them,” discusses the nature of principles, surveys various kinds of principles, draws crucial definitions of “principle” from the survey, and shows the vital role of principles in thinking. The next six chapters identify and elucidate the principles of thinking in principles and examine various errors and fallacies that are violations of these principles. Chapter 2, “Axioms, Corollaries, and Proximate Fundamentals,” examines the principles at the very base of all thinking; shows their relationship to other principles that underlie and govern various areas of life (e.g., romance, business, recreation, parenting); considers some major aspects of the process of forming and validating principles; and briefly addresses the crusade against principles (i.e., anti-foundationalism and pragmatism). Chapter 3, “The Excluded Middle and Matters of Degree,” zeros in on the crucial role of the law of excluded middle in identifying and applying principles; addresses misconceptions of and objections to the law; clarifies the proper use of the law with respect to mixed ideas, mixed situations, and “slippery slopes”; and demonstrates the binary, either-or nature of principled thinking. Chapter 4, “Proper Classification and Definition,” surveys the basic principles of Ayn Rand's theory of concepts; shows the proper formation and use of concepts to be at once governed by principles and essential to principled thinking; examines several kinds of violations of the principles presented, including package deals, anti-concepts, and frozen abstractions; and shows why you must form and use concepts in certain ways and not others if they are to serve your life and happiness. Chapter 5, “Hierarchies of Knowledge and Values,” examines the hierarchical structures and interrelationships of conceptual knowledge, moral principles, and personal values; examines the fallacy of the stolen concept, further demonstrating why you must use concepts properly if they are to serve your life; and shows how to organize your values hierarchically and use the “math of egoism” to dramatically improve your thinking, decision making, and all-around effectiveness in pursuing and achieving your goals. Chapter 6, “Context, Knowledge, and Values,” expands on the principles of hierarchy, examining the broader relational nature of concepts, principles, and values; shows why and how these three elements properly fit together to form an integrated, noncontradictory whole in service of your life, liberty, and pursuit of happiness; and examines the fallacies of context dropping, omission of volition, and the argument from intimidation. Chapter 7, “Evidence, Knowledge, and Happiness,” examines the nature of evidence (both perceptual and conceptual); demonstrates the crucial role evidence plays in thinking, forming principles, applying them, and choosing and pursuing values; and shows the highly destructive nature of arbitrary (evidence-free) assertions, which throttle and thwart thinking in myriad nonobvious ways. Chapter 8, “The Science of Selfishness,” pulls together all of the foregoing principles, demonstrating their unity as an observation-based, integrated, life-serving system of thought; shows how this system applies to specific situations and goals; and shows how to use the principles of the system to create highly effective personalized micro-principles and standing orders to guide specific day-to-day actions, enabling you to achieve massively challenging life-enhancing goals. Chapter 9, “The Art of Selfishness,” shows how the fully formed science of selfishness applies to a broad array of real-life and hypothetical situations, from personal to social to political, demonstrating its immense power to clarify your thinking, simplify your decision making, and fill your days and years with values, projects, and people you love. If that interests you, let's dig in. Chapter One: What Principles Are and Why You Need Them “I don't have any principles. If I believe in anything, I believe in rules of thumb,” boasts an outspoken college professor. “Therefore, as I say quite often (and it's true) my forward time span is generally two hours. By that I mean I tend not to think about or worry about anything more in the future than two hours hence.”3 If this professor's claim were true, he would not be able to function as a human being. Granted, if he didn't think about anything more in the future than two hours hence he wouldn't need principles or have any to speak of. But, then, he wouldn't have a life to speak of either. Consider just a few reasons. . . .
Topic:
Politics

39092. Aristotle Versus Religion

Author:
Andrew Bernstein
Publication Date:
04-2014
Content Type:
Journal Article
Journal:
The Objective Standard
Institution:
The Objective Standard
Abstract:
Careful observation of history reveals two dramatically different approaches to life on earth. In one approach, we see Islamic jihadists perpetrating murderous terrorist assaults around the world, virtually daily. The attack on 9/11 is the worst Islamist atrocity to date, but many have followed, including a recent attack at a shopping mall in Nairobi, in which Islamists murdered scores of people and wounded hundreds more. Similarly, we see Christians, throughout a full millennium during which they held unchallenged cultural and political power, relentlessly hunting down and slaughtering untold thousands for the “crime” of disagreeing with religious orthodoxy. And we see Hindus, Muslims, Buddhists, and Sikhs on the Indian subcontinent engaging in a seething inferno of violence in which millions have been slain. In the other approach, we see something utterly different. We see Copernicus, Darwin, and Einstein advancing revolutionary theories in astronomy, biology, and physics. We see Edison, Bell, and the Wright brothers pioneering life-promoting inventions. We see writers from Homer to Ayn Rand dramatizing the heroism and greatness possible to individuals committed to man's earthly existence. Here, then, are two different visions of human life: one driven by faith, the other by reason—one religious, the other secular—one irrational, often violently so; the other, rational, often brilliantly so. Most of Western history has been a struggle between these two contrasting philosophies. Religious mysticism—in this instance, proceeding from ancient Judaism—is a pernicious force in human life. Rational secularism—the creation and legacy of ancient Greek culture—is vital to proper human life. By observing Judaism, Christianity, and Islam relative to the ideas of the ancient Greeks, we can see that the essentially secular approach of Greek culture—especially the rational method Aristotle developed—is responsible for golden ages and renaissances, both in the West and in the Middle East; and that the faith-based approach of religion, when intellectually dominant, is responsible for cultural stagnation and dark ages. A clear understanding of the nature of these opposing forces—and of the struggle between them—is essential to the preservation of civilization. An essentialized survey should start at the beginning. The Greeks Give Birth to Western Civilization What did the Greeks contribute to human life? As the eminent historian Will Durant wrote, “there is hardly anything secular in our culture that does not come from Greece. Schools, gymnasiums, arithmetic, geometry, history . . . physics, biology . . . poetry, music, tragedy, comedy, philosophy . . . ethics, politics, idealism, philanthropy . . . democracy: these are all Greek words for cultural forms . . . in many cases first matured . . . by the abounding energy of the Greeks.” Philosophy is the fundamental value that men inherited from the Greeks, for it seeks to answer life's most important questions: What is the nature of the universe? How do men gain knowledge? What is human nature? What is the good? What is a good society? Philosophy attempts to give rational rather than mythic or faith-based answers to such questions. . . .
Topic:
Islam
Political Geography:
Middle East

39093. Review: Free Market Economics

Author:
Richard M. Salsman
Publication Date:
04-2014
Content Type:
Journal Article
Journal:
The Objective Standard
Institution:
The Objective Standard
Abstract:
Free Market Economics: An Introduction for the General Reader, by Steven Kates. Northampton, MA: Edward Elgar Publishing, 2011. 352 pp. $50 (paperback). Not since 1924 has there been a comprehensive yet readable book on economics aimed at the ordinary but intelligent citizen that defends and incorporates the field's foundational principle, Say's Law (named after Jean-Baptiste Say, 1767–1832) and its main corollaries: the primacy of production, the entrepreneur as prime mover, and prices as the commercial language that coordinates economies and their subsectors. Now we have such a book: Free Market Economics: An Introduction for the General Reader by Australian business economist Steven Kates. His prior books examined the prevalence of Say's Law among top economists during the pro-capitalist 19th century and its abandonment by most economists in the anti-capitalist 20th century. The handful of texts on economic principles since the 1920s that recognize the superiority of a free economy have been too technical, narrowly devoted to refuting economic fallacies, or tainted by dubious philosophy. This book avoids such flaws. Kates accomplishes what was last achieved by Oxford professor Henry Clay (1883–1945) in Economics: An Introduction for the General Reader (1924). Better still, Kates's book offers a modern, more sophisticated, more pro-capitalist treatment than did Clay's book, and it provides the ideas people need to grasp and refute the disastrous dogmas and policies of Keynesianism. At the core of this book is Say's Law, the principle that supply constitutes demand, that one cannot demand (or purchase) anything in any market without first producing an economic value for offer (or, in a monetary economy, without first earning spendable income by producing value). This principle recognizes that markets are made by the producers and that the most economically important producer of all is the entrepreneur, who specializes in soliciting and coordinating the other main factors of production: land (including raw materials), labor, capital, and financing. Say's Law condenses the truth that material prosperity is attained not by consuming (using up) wealth, but by saving, investing, and producing wealth. Unlike most textbooks today, Kates's says economics should explain wealth creation, or “net added value,” not how we ration “scarce resources.” Keynesianism, Kates explains, explicitly rejects Say's Law and asserts that a free market is prone to “failures” and crises, to excessive production, deficient consumption, and depressions; it further insists that government deficit spending, money printing, and near-zero interest rates can fix said market failures. Keynesian policies assume, contra Say's Law, that there can be an aggregate, economy-wide excess of abundance, or deficiency of aggregate demand. Say's Law holds that aggregate supply and aggregate demand are the same thing viewed from different perspectives and thus cannot be unequal; recessions entail reduced production and typically (but not always) are caused by government policies that are antithetical to production and profits. In contrast to Keynesianism, Say's Law, properly understood, tells economists (and citizens) to reject the contradictory claim that a contracting economy reflects an overexpanding economy, that somehow poverty is caused by prosperity, and it recommends the rejection or removal of any policies that impede or depress the incentive or capacity of entrepreneurs to create wealth or employ other factors of production. According to Kates, Say's Law “is the essence of market-based economics”; and “without the clarity that [it] brings, economic theory has lost its moorings and the irreplaceable value of leaving things to the market in directing economic activity cannot be understood” (p. 6). Yet, the classical, Say-based theory of the business cycle and public policy “has the ability to penetrate the darkness left by Keynesian theory in understanding the causes of recessions and the steps that are needed to bring recovery about” (p. 7). . . .
Topic:
Economics, Government, and Law
Political Geography:
Australia

39094. Review: Responsibility Luck

Author:
Ari Armstrong
Publication Date:
04-2014
Content Type:
Journal Article
Journal:
The Objective Standard
Institution:
The Objective Standard
Abstract:
Responsibility Luck: A Defense of Praise and Blame, by Diana Hsieh. Sedalia, CO: Philosophy in Action, 2013. 214 pp. $19.99 (paperback). Imagine people in three different scenarios: . Abe and Bill both get blinding drunk at a bar, leave at the same time, and drive home at the same rate of speed. Both run a (different) red light at the same time on the way home. By bad luck, a single mother with her two children is driving through the intersection along Abe's course, and Abe rams his car into hers, killing her and her two children. Bill, on the other hand, makes it home without injuring anyone. . Alan and Betty walk along different piers at the same lake. Both are equally brave, but Betty sees a drowning boy in the lake and dives in and saves him. Alan does not see anyone in distress. . Adriana and Benjamin are born in very different circumstances. Adriana's parents are wealthy, and she grows up with a good education and many opportunities to improve herself. She becomes a successful neurosurgeon. Benjamin's parents neglect and abuse him and teach him how to steal for them. He becomes an armed robber who winds up in prison. Why do we blame or praise one individual in each scenario more, given that so much of what they do and what they accomplish depends on luck? Why do we send Abe to prison and sing Betty's praises, but not do the same for their counterparts? Such issues are the subject of Diana Hsieh's book, Responsibility Luck: A Defense of Praise and Blame. As Hsieh makes clear, one's answers to questions about moral responsibility radically affect one's approach to moral judgment, to criminal justice, and to political policy. Decisions made in the criminal justice system depend substantially on moral judgments. Hsieh opens her book with the example of a Colorado man who, in 2005, while driving drunk at speeds exceeding one hundred miles per hour, struck and killed another driver. The judge, noting that the man had previously injured someone else while driving drunk and that he had dropped out of an alcohol rehabilitation program, sentenced him “to the maximum penalty of twelve years in prison.” Hsieh points out, “According to ordinary moral and legal standards of culpability, [the man] deserved to be blamed and punished for his reckless driving” (p. 1). Yet, according to certain theories with which Hsieh contends in her book, the man was instead himself “a victim of bad luck” (p. 2). Moral judgments also play a key role in public policy. To draw on an earlier example, if a neurosurgeon is not fundamentally responsible for her success, then how can she deserve her large income? Why should she not be taxed in order to subsidize someone working in fast food? Indeed, if no one deserves his financial successes or failures—if such success or failure is fundamentally a matter of luck (in Barack Obama's terms, “you didn't build that”)—then it would seem that the best system is “an egalitarian political order” (p. 9). . . .
Topic:
Education

39095. Review: The Conscience of the Constitution

Author:
Slade Mendenhall
Publication Date:
04-2014
Content Type:
Journal Article
Journal:
The Objective Standard
Institution:
The Objective Standard
Abstract:
The Conscience of the Constitution: The Declaration of Independence and the Right to Liberty, by Timothy Sandefur. Washington, DC: Cato Institute, 2014. 200 pp. $24.95 (hardcover). While the principles of liberty on which America was founded are under attack from so-called liberals and conservatives alike, and while expanding abuses of government power are too vast and complex for most Americans to fully follow, books by rational, knowledgeable professionals clearly and concisely explaining the problems and offering solutions are of immense value. Timothy Sandefur's The Conscience of the Constitution: The Declaration of Independence and the Right to Liberty fits this bill. Sandefur, a principal attorney at the Pacific Legal Foundation and an adjunct scholar at the Cato Institute, bases his latest work on an underappreciated idea in American legal thinking. It is the idea that the Declaration of Independence—understood as a formal, legal, diplomatic document issued by the representatives of thirteen British colonies to the king of England—is part of the law of the land, just as are the Constitution and the Bill of Rights. In fact, argues Sandefur, the Declaration used to be seen as the “conscience of the Constitution,” and reviving this understanding of its position in the framework of U.S. law will go a long way toward establishing the moral and political context within which lawyers, judges, and Supreme Court justices should argue and interpret constitutional law. Sandefur's thesis is controversial and is not likely to be well received in modern courts and law classrooms. Most law schools teach students to view the Declaration as a mere manifesto or letter of aspiration. But Sandefur wages a compelling intellectual defense of the Declaration-as-law on two fronts: against leftists, who have ridiculously claimed that the document was drafted as a wink-and-nod effort by elite white men to put down minorities and the lower classes; and against conservatives such as Russell Kirk and neoconservatives such as Irving Kristol who, afraid of its “natural rights” language, dismiss the ideas of the Declaration and characterize it as an underhanded “ploy to lure the French” into conflict with the English (p. 14). Sandefur, pointing out the baseless nature of such criticisms, puts forth a strong argument for holding the Declaration as law and highlights the Founding Fathers' own understanding of it as such. . . .
Topic:
Government
Political Geography:
America, Washington, and England

39096. Lebanon's Hizbollah Turns Eastward to Syria

Publication Date:
05-2014
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
The Lebanese Shiite armed movement Hizbollah has gone all-in for Syrian President Bashar Assad. It has shown it will back his regime by any means necessary, despite doubts about its capacity to win a decisive victory and regardless of the risks to the movement's own moral standing and cross-sectarian appeal. As it is drawn ever-deeper into its neighbour's civil war that seems poised to endure for years, it finds itself increasingly distracted from its original anti-Israel focus and risking a profound reshaping of its identity.
Topic:
Political Violence, Armed Struggle, and Governance
Political Geography:
Arabia, Lebanon, and Syria

39097. The Union of South American Nations: Mapping Multilateralism in Transition

Author:
Sandra Borda
Publication Date:
05-2014
Content Type:
Working Paper
Institution:
International Peace Institute
Abstract:
Regional politics in Latin America today are defined by a variety of trends: Brazil continues to grow, but its leadership in the region has substantially decreased during the administration of Dilma Rousseff, which began in 2011; several countries-including Argentina, Bolivia, and Venezuela-have chosen to "Latin-Americanize" their foreign policy, discarding their former alignments with the United States; left-leaning governments, clearly critical of US power in the region, have tried to consolidate organizations such as the Bolivarian Alliance for the Peoples of Our America (ALBA) to increase their autonomy vis-à-vis the United States; right and right-center governments have responded by deepening their commercial links with the United States and the European Union (EU) and by organizing the Pacific Alliance, a traditional arrangement for free-trade and freedom-of-movement; and, finally, many countries in the region are adopting-independently of their ideological and political orientations-increasingly diversified foreign policies. At the same time, the presence of extra-regional actors has become increasingly visible.
Topic:
International Cooperation, Regional Cooperation, Sovereignty, Bilateral Relations, and Governance
Political Geography:
United States, Europe, Brazil, South America, and Latin America

39098. The rise of FDI income, and what it means for the balance of payments of developing countries

Author:
Miguel Pérez Ludeña
Publication Date:
05-2014
Content Type:
Policy Brief
Institution:
Columbia Center on Sustainable Investment
Abstract:
Multinational enterprises (MNEs) multiplied their profits made in developing countries by four between 2002 and 2011 (at current prices). In Latin America and the Caribbean, they rose from US$20 billion in 2002 to US$113 billion in 2011. The growth rate has been even higher in Africa and China, but much lower in developed countries. This rise is explained by an increase in FDI stock in developing economies and the higher average profitability of MNEs.
Topic:
Economics, International Trade and Finance, and Foreign Direct Investment
Political Geography:
Africa, China, and Latin America

39099. Government-held equity in foreign investment projects: Good for host countries?

Author:
Louis T. Wells
Publication Date:
02-2014
Content Type:
Policy Brief
Institution:
Columbia Center on Sustainable Investment
Abstract:
A recent Perspective concluded that, in countries given to sudden shifts in policy, "a host country government equity stake in a project may decrease project risk by giving the state a reason not to demand a renegotiation." An investor may benefit, but does the host country? In my experience, rarely.
Topic:
Development, Economics, International Trade and Finance, and Foreign Direct Investment

39100. Why China Needs New Institutions to Cope with Looming Water Scarcity

Author:
Scott Moore
Publication Date:
03-2014
Content Type:
Policy Brief
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
Few places in the world are facing such acute scarcity of water as is northern China, the region surrounding the nation's capital in Beijing. Over the past three decades, rapid economic development and population growth have caused a dramatic water shortage in the region. Groundwater tables have dropped so precipitously that in some places wells cannot be dug deep enough to reach water. Climate change is making rainfall more unpredictable, further darkening the picture for a region that is vital to both the Chinese and world economies. This brief looks at the so-far inadequate responses of the Chinese government and makes the case that new institutions are needed to allow China to meet this growing challenge.
Topic:
Energy Policy, Science and Technology, and Water
Political Geography:
China and Asia