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Books, essays and others Economics Society

[2247] Of Veblen on religion

Veblen introduced some interesting ideas in The Theory of the Leisure Class. My professor seems to insist that Veblen was an early pioneer in the field of signalling.

Although Veblen drove his ideas to the extreme to bring in absurd implications that I simply will not buy, there are specific arguments that I find attractive and readily agreeable. This is one of them:

The same pervading canon of vicarious leisure is also visibly present in the exterior details of devout observances and need only be pointed out in order to become obvious to all beholders. All ritual has a notable tendency to reduce itself to a rehearsal of formulas. This development of formula is most noticeable in the maturer cults, which have at the same time a more austere, ornate, and severe priestly life and garb; but it is perceptible also in the forms and methods of worships of the newer and fresher sects, whose tastes in respect of priests, vestments, and sanctuaries are less exacting. The rehearsal of the service (the term ”service” carries a suggestion significant for the point in question) grows more perfunctory as the cult gains in age and consistency, and this perfunctoriness of the rehearsal is very pleasing to the correct devout taste. And with a good reason, for the fact of its being perfunctory goes to say pointedly that the master for whom it is performed is exalted above the vulgar need of actually proficuous service on the part of his servants. They are unprofitable servants, and there is an honorific implication for their master in their remaining unprofitable. It is needless to point out the close analogy at this point between the priestly office and the office of the footman. It is pleasing to our sense of what is fitting in these matters, in either case, to recognize in the obvious perfunctoriness of the service that it is a pro forma execution only. There should be no show of agility or of dexterous manipulation in the execution of the priestly office, such as might suggest a capacity for the turning off the work. [The Theory of the Leisure Class. Chapter 6: Pecuniary Canons of Taste. Thorstein Veblen. 1899]

As a side note, I am beginning to understand why a Veblen good is called a Veblen good. It all begins with this book.

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Books, essays and others

[2086] Of goodbye again, FEER?

As a boy back in Malaysia in the early 1990s, there were several publications that colored my life. I do not pretend that I comprehended what I read then but I can vividly recall how I loved those pictures, graphs and tables. My father purchased it and I was simply an excited but confused free rider. I was unsure what I was reading, or really, looking at. More likely than not, I was excited about the editorial cartoons.

Nevertheless, my early exposure to these publications probably have a hand in slowly prodding me into the realm of economics. These publications, among others, were The Economist, Fortune, Asia Inc. and the Far Eastern Economic Review.

The Far Eastern Economic Review — popularly known as the FEER — was probably the number one regional publication for quite awhile in Asia or specifically, in Southeast Asia and East Asia excluding Japan. But the Asian Financial Crisis and subsequent years were harsh for the publication. In mid-2000s, it had to restructure. I remember that it closed down for awhile but Dow Jones came to the rescue. Dow Jones put some life into the FEER.

It appears now that even Dow Jones cannot save the FEER from death. Reports have it that Dow Jones will close the FEER:

Dow Jones on Tuesday announced the closure of Far Eastern Economic Review, a 63-year-old current affairs magazine about Asia, as Rupert Murdoch’s News Corporation steps up the restructuring of its businesses in the region.

The company said Feer, based in Hong Kong, would shut down in December as part of a reorganisation to focus on its core products and key markets in Asia, including India, China and Japan. [Far Eastern Economic Review to close. Financial Times. Justine Lau. September 22 2009]

To be perfectly honest, I do not read the FEER any longer.

The last time I had my hands on the FEER was in early 2009. It happened by pure accident; I was waiting for a person and then I thought I spotted a brand that I recognized. I was ecstatic for a moment until I unfortunately discovered that it was not as exciting as it used to be. The closure of the FEER therefore will not affect me too much.

I also do not like the cover. I prefer the old yellowish strip along with the color of black and white so prominently displayed on the front cover. As it appears now, it seems too Harvardish. Yes, I can be that shallow.

Nevertheless, the loss of the FEER will mark an end of an era.

I do however hope that some knight in shining armor will come to the rescue. The FEER is an Asian heritage. It will be most shameful to lose it. It is especially shameful to lose a publication that so deftly fought against the illiberal governments of Southeast Asia. In times when liberalism was a bad word, the FEER was a torchbearer.

If no knight appears, then I fear, I will have to say, thank you for the memories, FEER. And goodbye. Whatever happens, you know that you carved a place in my heart.

Categories
Books, essays and others Liberty

[1985] Of Mill alluding to externality and solving it through utilitarianism

John Stuart Mill in his introduction to On Liberty writes:

It is proper to state that I forgo any advantage which could be derived to my argument from idea of abstract right, as a thing independent of utility. I regard utility as the ultimate appeal on all ethical questions; but it must be utility in the largest sense, grounded on the permanent interests of man as a progressive being. Those interests, I contend, authorize the subjection of individual spontaneity to external control, only in respect to those actions of each, which concern the interest of other people. If any one does an act hurtful to others, there is a prima facie case for punishing him, by law, or, where legal penalties are not safely applicable, by general disapprobation. There are also many positive acts for the benefit of others, which he may rightfully be compelled to perform; such as, to give evidence in a court of justice; to bear his fair share in common defence, or in any other joint work necessary to the interest of the society of which he enjoys the protection; and to perform certain acts of individual beneficence, such as saving a fellow creature’s life, or interposing to protect the defenceless against ill-usage, things which whenever it is obviously a man’s duty to do, he may rightfully be made responsible to society for not doing. A person may cause evil to others not only by his actions but by his inaction, and in either case he is justly accountable to them for injury. The latter case, it is true, requires a much more cautious exercise of compulsion than the former. To make any one answerable for doing evil to others, is a rule; to make his answerable for not preventing evil, is, comparatively speaking, the exception. Yet, there are many cases clear enough and grave enough to justify that exception. In all things which regard the external relations of the individual, he is de jure amendable to those whose interests are concerned, and if need be, to society as their protector. There are often good reasons for not holding him to the responsibility; but these reasons must arise from the special expediencies of the case: either because it is a kind of case in which he is on the whole likely to act better, when left to his own discretion, than when controlled in any way in which society have it in their power to control him; or because the attempt to exercise control would produce other evils, greater than those which it would prevent. When such reasons as these preclude the enforcement of responsibility, the conscience of the agent himself should step into the vacant judgement-seat, and protect those interests of others which have no external protection; judging himself all the more rigidly, because the case does not admit of his being made accountable to the judgement of his fellow creatures. [On Liberty. Chapter 1. John Stuart Mill. 1859]

First of all, wow. Look at that. That is one paragraph. But at least, it is more readable than Kant’s impossible Critique of Pure Reason.

Secondly and more importantly, it is beyond doubt this particular paragraph of Mill is filled with utilitarian idea. He justifies compulsion by society on individual by doing the greatest good for the greatest number of people. Gee, what am I talking about. This is Mill after all.

I am not quite sure if I agree with Mill when he writes there “are also many positive acts for the benefit of others, which he may rightfully be compelled to perform.” This may refer to externality but reading the whole paragraph within the context set by the introductory chapter by Mill, his idea may go beyond mine. While do believe certain negative externality requires action — for instance carbon emissions with respect to climate change — Mill mentions common defense, which may or may not mean conscription. I do have certain distaste for free riders; yet, I do have problem utilizing compulsion in against free riders. Mill suffers no such issue by reverting to utilitarianism.

Nevertheless, I am relieved to read that a “person may cause evil to others not only by his actions but by his inaction, and in either case he is justly accountable to them for injury. The latter case, it is true, requires a much more cautious exercise of compulsion than the former.

Indeed.

Mill writes further immediate after that paragraph. and it is more agreeable if I might add. I am reproducing it for the benefit of the readers here:

But there is a sphere of action in which society, as distinguished from the individual, has, if any, only an indirect interest; comprehending all that portion of a person’s life and conduct which affects only himself, or, if it also affects others, only with their free, voluntary, and undeceived consent and participation. When I say only himself, I mean directly, and in the first instance: for whatever affects himself, may affect others through himself; and the objection which may be grounded on this contingency, will receive consideration in the sequel. This, then, is the appropriate region of human liberty. It comprises, first, the inward domain of consciousness; demanding liberty of conscience, in the most comprehensive sense; liberty of thought and feeling; absolute freedom of opinion and sentiment on all subjects, practical or speculative, scientific, moral, or theological. The liberty of expressing and publishing opinions may seem to fall under a different principle, since it belongs to that part of the conduct of an individual which concerns other people; but, being almost of as much importance as the liberty of thought itself, and resting in great part on the same reasons, is practically inseparable from it. Secondly, the principle requires liberty of tastes and pursuits; of framing the plan of our life to suit our own character; of doing as we like, subject to such consequences as may follow; without impediment from our fellow-creatures, so long as what we do does not harm them even though they should think our conduct foolish, perverse, or wrong. Thirdly, from this liberty of each individual, follows the liberty, within the same limits, of combination among individuals; freedom to unite, for any purpose not involving harm to others: the persons combining being supposed to be of full age, and not forced or deceived. [On Liberty. Chapter 1. John Stuart Mill. 1859]

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Books, essays and others

[1943] Of try guessing what is on the shelf of a bookstore

Mein Kampf.

No, I am not kidding.

You can find it at Kinokuniya at Suria KLCC.

It is the book with ominously pitch black cover, on the bestseller/highlight shelf.

Sitting close to it when I spotted it was Ayn Rand’s Fountainhead.

Categories
Books, essays and others History & heritage Liberty Society

[1939] Of a major revolution in secularism

I now understand a step in the history of evolution of secularism. Though I think it is ultimately irrelevant to why I subscribe to secularism, it nevertheless enlightening to see how the school of thought evolved.

Ethics is the work that provided the energy for a quantum leap in the area.

Public domain

Baruch Spinoza completed Ethics in 1676 and it was published posthumously in 1677.

Reading these giants makes me feels small. Not only do they make me realized that I am not the first to hold whatever I hold, they had given thought to many other things which I have yet to think of independently.

I am not reading Ethics in Latin of course. Rather, I am still reading The Courtier and the Heretic: Leibniz, Spinoza, and the Fate of God in the Modern World by Matthew Stewart.

It is through Stewart and later Wikipedia and other sources that I learned that Spinoza considered that God and Nature are two of the same entity. As a result, God is everywhere while bounded to the law of physics. God bows to the law of Nature. With that as the premise, he elegantly went on to create a system to explain how everything is a manifestation of God.

The implication is that unlike religion — in this context the Abrahamic religions, specifically, Christianity — which assumes that God is an active participant of this world, Spinoza’s God is removed and irrelevant to the workings of the world.

“In that event, what would be left for God to do?” Stewart wrote that in a different context but the same sentence is applicable to the implication of the idea that God is Nature.

I do not subscribe to Spinoza’s reasoning but how he arrived at the inevitable need to create a secular state is most ingenious. It nothing less than shocking to me when I began to comprehend the gravity of his ideas.

One may wonder why Spinoza considered God and Nature as one. I am still struggling to understand that at the moment.

Besides secularim, Spinoza holds an enlightening view on social contract. I believe, those that are all to eager to talk about the Malaysian social contract  — especially those who believe that a social contract is written in stone  — should give Spinoza a go.