Redefining Reality - The Intellectual Implications of Modern Science

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scale relations, which were based on the picture of the rational, self-interested agent. Keynes showed that the macro-level picture has emergent properties. He suggested that we need to talk about macroeconomic phenomena in a macroeconomic language, which cannot be reduced to microeconomic occurrences. The middle of the 20 th century forced us to reevaluate the second of the two presuppositions of economics: that the workings of the small could account for the workings of the large in the economy. Then, the end of the 20 th and the beginning of the 21 st centuries saw interested beings in the marketplace. There is little doubt that we are neither fully rational in all elements of our lives nor entirely self-interested. But the notion of homo functioned in microeconomics as one of Max Weber’s ideal forms. It was an idealization that was close enough to reality that it could be used as a meaningful lens through which to make sense of what we see in the marketplace. But modern psychology has shown that we often make decisions on completely nonrational bases. The amygdala leads us to act blanks with a story about how we reached a decision to act through thoughtful deliberation. Economists have shifted gears in order to catch up with psychological research, giving rise to . matters; indeed, we are programmed not to. The effects of social psychology—groupthink, cognitive biases, and comparative Sociological aspects, such as the status quo bias and availability bias, are involved, as well. 186
How do we account for these effects in our understanding of markets? The ideal form of was useful in that it allowed us to set up a situation that was easily modeled and from which we could generate equations to govern economic phenomena. But as science has progressed, we realize that the world described in this view of economics is not our world. Instead, humans are much but it also gives us a more accurate sense of the reality of markets. Ariely, Predictably Irrational. Sheehan, Understanding Keynes’ General Theory. Is money real? Is money a necessary part of human culture? If we chose to eliminate all currency, would a new form of exchange, that is, a new type of money, soon appear? Is economics like physics? We cannot choose the speed of light or the form of the laws that govern electricity, but can we choose the form of our economy and how it operates? 187
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Topic Philosophy & Intellectual His
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Steven Gimbel, Ph.D. Professor of P
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Table of Contents LECTURE 11 Dark M
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Table of Contents SUPPLEMENTAL MATE
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: I and technological a
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This question allows us to turn fro
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The study of reality is what philos
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Semmelweis noticed that the inciden
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ut sometimes, even after checking t
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. The Matrix. We don’t believe
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Wisdom comes from rejecting the imp
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Thus, Aristotle’s prime mover, th
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Aristotle had said that an object
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For centuries, mathematics was cons
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th century, the Russian mathematici
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had turned their attention to logic
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Abbott, . Bell, Men of Mathematics.
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Scientists thought that the physica
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H. A. Lorentz had found, when you a
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Thinkers as far back as Gottfried L
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E grounds. First, the prin
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If you woke up tomorrow in a small
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speed up going in and slow down com
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Is it true that a difference that m
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Einstein thought, there would be lo
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Scientists largely hated this idea,
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If Gamow and Alpher’s work was ri
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Although physicists at the end of t
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In the 19 th century, there was the
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In 1873, James Clerk Maxwell publis
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The idea of a large central mass at
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We know, however, that for a given
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whether light is a particle or a wa
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is a particle, then the slits would
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One of the early results of quantum
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eams, we also knew that there were
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The hadrons are made up of quarks,
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As the meaning of the physics began
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The demon is a being with a super-i
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ignoring certain elements, we can c
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One of the simplest fractal pattern
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Earlier, we talked about Thomas Kuh
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so greatly separated that no proces
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een able to form in that environmen
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Nicolson, . Panek, . Our theories
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Similarly, James Clerk Maxwell, in
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But as we move away from the pole,
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Great press has been given to a pot
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Some people take the idea of a theo
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see from CAT scans that when someon
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Because we are just atoms, we, too,
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Would the randomness of quantum mec
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Aristotle thought that this world i
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If you select strange enough traits
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Although this aspect of the theory
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Darwin posited that children look l
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The key to understanding how we pas
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This picture of illness is quite di
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How much of who we are is determine
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inferred that the function of that
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a byproduct of mental illness, Freu
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With the genetic approach, we are w
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After Freud, psychology developed i
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experiences that are not our own, t
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Behaviorism was an attempt to make
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Psychology, which had begun as a se
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I th century, psychology had the lu
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part, in the group. To understand t
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acting in ways that showed a lack o
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has learned from the so-called barb
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led him to begin one of the most fa
Page 143 and 144: ules. We are now adult in our ethic
Page 145 and 146: In a contract-based relationship, y
Page 147 and 148: The study of psychology changed for
Page 149 and 150: Instead, we are a part of the world
Page 151 and 152: But it turns out that exposure to c
Page 153 and 154: Glickstein, . Lynch, . mean we
Page 155 and 156: But evolutionary psychologists Leda
Page 157 and 158: suited to solving these problems an
Page 159 and 160: As such, when we look at the innate
Page 161 and 162: In looking at reality, we can exami
Page 163 and 164: We see this also in the writings of
Page 165 and 166: one universal is crime. Crime is no
Page 167 and 168: To avoid such situations of anomie
Page 169 and 170: Historians create narratives that e
Page 171 and 172: Society is composed of individuals
Page 173 and 174: © Digital Vision/Thinkstock.
Page 175 and 176: The concept of race has long been a
Page 177 and 178: there are different combinations am
Page 179 and 180: Perhaps race is what Durkheim calle
Page 181 and 182: Gould, . Hernnstein and Murray, . K
Page 183 and 184: Slavery, for example, was a necessa
Page 185 and 186: Parsons’s picture is not the Marx
Page 187 and 188: In defeat, the smaller neighbors wo
Page 189 and 190: Economics became a science with the
Page 191 and 192: self-interest. Second, the large-sc
Page 193: Under the classical model, this sho
Page 197 and 198: If the star is large enough, when i
Page 199 and 200: © amenic181/iStock/Thinkstock.
Page 201 and 202: What environment on Earth could pro
Page 203 and 204: The possibility of life on other pl
Page 205 and 206: Our newfound alien interlocutors te
Page 207 and 208: Perhaps the best evidence for extra
Page 209 and 210: Mayor and Frei, . Morrison, Billing
Page 211 and 212: It has long been argued, however, t
Page 213 and 214: But the idea of using the body’s
Page 215 and 216: Although that seems worrisome, it i
Page 217 and 218: I equally much for how w
Page 219 and 220: The use of one’s DNA in creating
Page 221 and 222: With cytoplasmic transfer, the nucl
Page 223 and 224: Macintosh, . Given that multiple
Page 225 and 226: we could begin with the desired por
Page 227 and 228: The second step is trickier. Here,
Page 229 and 230: Aside from medical uses, we can alt
Page 231 and 232: We can now use medical technology t
Page 233 and 234: The problem here is that sometimes
Page 235 and 236: of disease and disorder. In America
Page 237 and 238: performance-enhancing drugs? We see
Page 239 and 240: Advances have led to hand-shaped ap
Page 241 and 242: Warwick then went a step further. H
Page 243 and 244: Scientists at MIT have taken DNA fr
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Computers can do many things, but c
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possible right answers. The machine
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player having a king and a pawn and
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If intelligence or sentience is an
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enable us to become a global villag
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engineers used their technological
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Another intriguing development on t
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In these lectures, we’ve seen tha
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leave messages or comments, and whe
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This ability of mothers doesn’t m
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But Einstein showed us that the rea
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Barabasi, Albert-Laszlo. Linked: Th
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———. The Descent of Man: and
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Gilligan, Carol. . Cambridg
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Kramer, Peter. . New York: Viking
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eings that we are willing to act in
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Rothman, Sheila M. Medical Enhance
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———. . London: Century, 2002.
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