“It’s a question of balance.” I guess, this might be the most often-used phrase on this blog. Today, again, I would like to write about an important balancing act that is not easy to achieve. Particularly so, as we have to achieve it (almost) everyday. It is the balance between being satisfied, on the one hand, and not being satisfied, on the other. Continue reading
In a paper published in 1992, Paul R. Portney told a nice story about a fictitious town called Happyville. In that story, the director of a local environmental protection authority faces an uneasy task: he has to make a decision about whether to treat water to remove a natural contaminant Happyville’s residents believe to cause cancer. However, according to experts, it is highly unlikely that the contaminant has any adverse health effects–which the residents refuse to accept. Water treatment imposes costs. Eventually, it is the science-denying residents who would pay them. But the director knows that this would be irrational. What should he do, then? Refuse following the irrationality of the public? Or accept people’s will despite knowing that they are effectively harming themselves? There is no simple answer to that. And, obviously, Portney’s story is not just a nice gedankenexperiment, as it has, e.g., obvious relevance for policies related to genetically engineered food crops. Continue reading
Recently I have renamed my blog to “The Sceptical Economist”. Partly, it is an ironic allusion to the self-called Skeptical* Environmentalist Bjørn Lomborg. Another reason for choosing this name is my dedication to rationality, pragmatism and scepticism – the foundation I try to base my worldview on. The last reason rationalizing my choice is my deep scepticism toward the dominant orthodoxy in the discipline I’m trained in – economics. This last reason I would like to explain more comprehensively today. Continue reading
The influential Spanish sociologist and network society researcher Manuel Castells paraphrased the famous quotation from Marx’ and Engels’ Communist Manifesto in a very interesting way: “Proletarians of all countries, unite! You have nothing to lose but your chains!” became a sentence about today’s citizens of Europe, “They have nothing to lose but their cancelled credit cards!”. It is an expression meant to symbolize the failure of two intermingled societal constructs: financial capitalism and consumer society. Continue reading
There is a common foundation of most, maybe even all problems I deal with in this blog. The foundation is a somewhat metaphysical one and regards the ethical categories “right” and “wrong”. Indeed, what we do about climate change, whether we engage in genetic engineering, whether and how we should achieve sustainability – all these questions boil down to “What is right?” and the way this basic question can and should be answered. Continue reading
Today a somewhat off-topic post (unless you define sustainability in an extremely encompassing manner).
Recently, the German society has been shaken at its foundations. After two hardly known neonazis had committed joint suicide and a video made by them had surfaced, authorities have realized that at least 10 murders on foreigners (that were extensively covered by the media), committed since 1998, were not isolated acts of violence – they were a thoroughly planned and organized series of murders. The murderers called themselves the Nationalsozialistischer Untergrund (NSU) and were possibly supported by numerous individuals from the neonazi scene. Following this shock, another wave of calls to delegalize the NPD (Germany’s National-Democratic Party) unleashed. I ask myself: what for? Continue reading
Democracy is in a crisis, at least in the so-called developed world. Peoples lose connection to their elected governments, and vice-versa. Elected representatives – the main institutional feature of modern parliamentary democracy – repeatedly show that they are unable to properly fulfill their duties. As a result, authoritarian and populist movements gain ground – Hungary is only the tip of the iceberg. So, maybe it is time to think about what democracy really is and whether the current institutional framework is still up to the needs of our time. Continue reading