Jamesian Philosophy Refreshed

  One of the important financial economists writing today is Mohamed El-Erian, who grew up as the son of an Egyptian diplomat and was the deputy director of the IMF for three years in the 1990s. He is quite well known to folks like me, who look to his analyses to guide our work reporting day to day events.  But he is not well known at all to the "general public," where that term is taken to mean the sort of people who know that Paul Krugman or Robert Shiller are important economists.  I'm old enough to remember when Friedman and Galbraith were the economists whose name came to the tongue of many non-economists. They both passed away in the first decade of the new millennium, and the public attention has done what it does ... it has passed on. I may say more about El-Erian's non-celebrity work soon.  For now, I will only lay down that he has recently said that on June 24, "The most notable price action in US markets" was the fall by 9 basis points of US gover...

I just had a revelation about Gilligan's Island . Regular fans will remember that Gilligan would from time to time mention his favorite rock group The Mosquitoes. Eventually, the group itself visited the island, looking for a relaxing getaway after a difficult tour. Like all guest stars, the band left in a manner that didn't help the core seven castaways at all.  Anyway, it is obvious that the group was conceived as a Beatles parody. The insectile name, to start with,  The fact that the group appears to have had a single with the lyrics "don't go in there, yeah yeah yeah." It was not subtle parody.  But what only recently occurred to me was the clever way that the names of the members of the fictional group mirror the real-world names of the Fab Four.  The Mosquitoes had four members (of course): Bingo, Bango, Bongo, and Irving. Note that three of those names would be quite unusual for any of the men one meets on the street in any city in the Anglophonic world. ...

   An odd philosophical troika of philosophers in early modern Britain comes to mind today for no good reason.  Locke, Berkeley, Hume. I saw a random post in Quora asking for a brief summary of the significant contributions of each "the" three major philosophers.  No more specific context. I have no idea how one would pick THE troika the querent had in mind, But this is one troika if great significance. To summarize their “significant contributions” is a considerable task — or three different tasks, EACH considerable. But it does seem that together the three of them tell a tragic story.  In essence we can say this (ignoring the politics of Locke or of Hume, and the vision theory of Berkeley): Locke: Accepted a dualist picture of the world in which minds, conceived of as properties of souls, are intangible beings that must come to grips with a material world around them. His contribution was to think through this material world in Newtonian terms — what he called...

I always thought that was the name of the song!  (Spoiler alert: I was wrong.)  The Buffalo Springfield classic that begins with those two haunting chords. It wasn't about anti-war protests. At least (in the wake of the death of the author) you can make it about that if you will.  The catalyst for the creation of the song was the Sunset Strip curfew in Los Angeles in late 1966.  It has taken me sixty years to learn this.  Who knows how much learning is ahead for me?  For what it's worth.  

  I don't know about you, dear reader, but there are some of us who feel some excitement on the morning of 'decision days' in June.   The US Supreme Court is typically trying to clear its dockets ahead of its summer break, and this is when the hotly contested cases and the publicly most awaited make their appearance. Hence the fun.  "Is today the day they release their birthright citizenship decision? or a re-affirmation of central bank independence? or the weapons-for-the-stoners case?" Last Thursday did turn out to be the day for the weapons-for-stoners case. That came out right, as far as concerns the parties directly involved, though the precedential significance seems to be small. This morning? It is another announced decision day and the excitement is back. Okay, nerdy perpetual law student fun....  

  As you may have noticed, dear reader, I have for a long time been presenting new blog posts every Tuesday, Wednesday, Thursday and Friday. Yet today is Thursday and this is the first post this week.    My apologies if you are disappointed.  I hope to be back to a regular schedule next week. 

I just realized something.  I've always been kinda nerdy, but I've never fit in even among my fellow nerds.  Why not?  Perhaps because Dante's DIVINE COMEDY was for me what THE LORD OF THE RINGS was for the 'normal' nerd. Hmmmmm. 

The coalition that put Donald Trump into office twice is coming unravelled. That judgment is of the jigsaw-perceiving sort.  One of its pieces is the recent Republican Party primary in Iowa.  https://www.wsaw.com/video/2026/06/03/lahn-wins-iowa-gop-governor-race-turek-takes-democratic-senate-primary/   "Make America Healthy Again," a loose grouping itself, of people who read Ivan Illich and those who just want to be able to drink unprocessed (raw) milk without governmental interference, of people who are sure vaccines cause autism and those who believe pesticides are destroying the food, from the granola eaters on the left to the granola eaters on the right including some who have made that transition personally -- MAHA ending up (as that acronym suggests) more-or-less aligned with MAGA during the last presidential election campaign. This year, in the mid-terms, that alignment has come apart.  In the Iowa Republican primary for Governor, MAHA backed Zack Lahn, w...

  I noted yesterday, that in writing his work on collective choice Sen had apparently read not only the work of John Rawls (which was inevitable), but responses to Rawls about the humans-only nature of the deliberations Rawls imagines behind the veil of ignorance. We are supposed to imagine ourselves as ignorant of our social class, race, and native intelligence, but presumably cognizant of the fact that, when the veil is lifted, we will turn out to be humans.  The responses wondered why the species barrier is that strong. What piques my interest is that Sen refers to these critiques (he does not source them specifically -- admittedly it is a bit of a digression from the main line of his thought) as half in jest and half serious.  Hmmmm.  Has Peter Singer written in response to Rawls? If he has, (and I'm too lazy to look into it right now) then I can easily imagine Singer making the point Sen emphasizes in dead earnest, utterly without jesting.  What Sen sees...

  Amartya Sen, an economist/philosopher, was born in November 1933 and he is still with us. He may be the single most important philosopher alive.  One of his works is COLLECTIVE CHOICE AND SOCIAL WELFARE. Or, perhaps, you might count this as two of his works.  The first book of that title was published in 1970, then a much expanded and re-written version appeared in 2017. I'd like today to quote a bit from the 2017 edition, in which Sen is with some sympathy discussing the work of John Rawls.  He says (this is a footnote): A half-jocular, half-serious objection to the criteria of fairness of Rawls and others often runs like this: Why confine placing oneself in the position of other human beings only, why not other animals also? Is the biological line so sharply drawn? What this line of attack misses is the fact that Rawls is crystallizing a rule of fairness that our value system does seem to have, rather than constructing a rule of fairness in vacuum based on notion...

  An alien recently landed his UFO in Vatican City. Pope Leo went out to meet him personally.  Leo, "I just want to know one thing.  Does your world know Jesus Christ as Savior?"  Alien, "Oh, yes.  He visits us about once every seven years.  We throw a big party when he arrives, then he preaches and heals amongst us. When Jesus has decided it is time to leave, our leaders declare a national holiday and there is a big send-off parade. We tell him we look forward to the next visit" Leo, "Really?  He only visited this planet once, more than two thousand years ago."  Alien, "Hmmm.  Did you give him a nice send-off?" 

I haven't seen either of the recent WICKED pics.  I don't plan to see them. Years ago I had some interest in the OZ fantasy world.  Back when it meant the Frank Baum books on the one hand and the 1939 movie on the other.  The Baum books were written as an allegorical take on the monetary debates of Baum's day. The word "Oz" itself suggests ounces, the standard measurement for gold. The notion of a "yellow brick road" suggests gold bricks, and perhaps that an insistence on a gold standard was leading the farmers of the US, the Kansans, toward danger. And so forth.  Of course the Garland movie didn't do much with the allegory -- It could have, since the '39 movie came out between FDR's abandonment of the gold standard (1933) and his partial reinvention of it by way of Bretton Woods (1944) -- but it didn't.  Personally, I have never asked myself prequel-producing questions like "how did the monkeys learn to fly" or "why does ...

  . Mid-2020, the firm (ticker symbol still GOOG) performed a stock split. In July 2021, Alphabet announced Intrinsic, a new robotics software company.  In November 2021, the formation of a new company, Isomorphic Labss, to promite the use of artificial intelligence in the pharmaceutical world.  August 2024, a US district court found Google guilty of violating antitrust law by using unlawful tie-ins to maintain its dominance in what remains its signature product, the search engine. No drastic remedy will be attempted, because the courts notices that the market has been taken over by AI/LLMs of late, and Google has no dominance there.  April 2025, another US district court finds Google guilty of illegally monopolizing parts of what is called the adtech stack, I.e. online advertising technology.  November 2025, the parties to the adtech case made their final arguments to the court in the eastern district of Virginia as to the proper remedies it should order. ...

Without getting fancy, here are some key dates: 1996: Larry Page and Sergey Brin experiment with a new type of search engine.  In those ancient days search engines simply ranked results by how often a searched-for term appears on a web page.  But Page and Brin are after something a bit more sophisticated, a range of metrics that cumulatively determine how important the searched items are on a particular page. They literally used a friend's garage as an office while working on this idea. A cliche is born, the garage-born web business.  1998: The new business is formally created when Page and Brin persuade a co-founder of Sun Microsystems to pony up $100,000 so they can incorporate, set up shop in Menlo Park and hire their first employee.  2002: Yahoo offers to buy out Google for $3 billion.  Google holds to a valuation of $5 billion, and the talks end without result. Also this year, in a display of the mainstreaming of the verb form of their name, an episode of t...