A reader's journal sharing the insights of various authors and my take on a variety of topics, most often philosophy, religion & spirituality, politics, history, economics, and works of literature. Come to think of it, diet and health, too!
Friday, January 21, 2022
Thoughts 21 Jan. 22
Wednesday, June 23, 2021
The Price of Peace by Zachary Carter & The Time of the Magicians by Wolfram Eilenberger
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| One of the best books of 2020 |
"The real struggle of today…is between that view of the world, termed liberalism or radicalism, for which the primary object of government and of foreign policy is peace, freedom of trade and intercourse, and economic wealth, and that other view, militarist, or, rather, diplomatic, which thinks in terms of power, prestige, national or personal glory, the imposition of a culture, and hereditary or racial prejudice. . . . The great threat facing liberalism was not socialism but the thirst for military domination. “Soldiers and diplomatists—they are the permanent, the immortal foe.” (John Maynard Keynes, “On the Way to Genoa: What Can the Conference Discuss and with What Hope?,” The Manchester Guardian, April 10, 1922; CW, vol. 17, 373.)The Price of Peace (p. xvii-iii). Random House Publishing Group. Kindle Edition.
Keynes was a philosopher of war and peace, the last of the Enlightenment intellectuals who pursued political theory, economics, and ethics as a unified design. He was a man whose chief project was not taxation or government spending but the survival of what he called “civilisation”—the international cultural milieu that connected a British Treasury man to a Russian ballerina
Id.(p. xviii).
[S]o the manuscript Keynes had helped salvage from a POW camp in Cassino, Italy [Wittegenstein's Tractatus], pushed Keynes out of the philosophy business. A Treatise on Probability was debated avidly by the leading lights of Cambridge philosophy but quickly fell out of favor. Wittgenstein’s work, meanwhile, became the foundational text of analytic philosophy—a school of thought that still dominates English-speaking philosophy departments, in which language itself is understood to be the source of all truths that philosophers can uncover.
Id.(p. 116).
Price instability undermined the public’s faith in its government and its institutions; failing to control it would, Keynes told the Treasury, “strike at the whole basis of contract, of security, and of the capitalist system generally.”
Id. (p. 129).
Governments would find themselves forced to choose between maintaining a stable exchange rate and a stable price level. When the choice came, Keynes argued, there should be no hesitation: Keep prices stable, and adjust exchange rates. It might be true that “over the long run,” rashes of inflation and deflation would burn themselves out. “But this long run is a misleading guide to current affairs,” Keynes observed. “In the long run, we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.” (A Tract on Monetary Reform (London: Macmillan, 1924, p. 80.)
Id. (p. 130).
Money existed to be spent on finer things: the pursuit of Apostolic “good states of mind.” From his undergraduate days to his deathbed, Keynes believed that these were not exclusive goods. One man living a good life did not detract from another’s ability to live well any more than one person’s enjoyment of a painting would ruin another’s ability to appreciate it.
Id. (p. 146).
[A] snapshot of Keynes’ view of economics in the hierarchy of intellectual pursuits. Ethics—by which Keynes meant the elements that made up a good life—were a more important consideration for public policy than economics, the field that had made Keynes famous. The remains of his early reverence for Edmund Burke is evident in the note’s distinct modesty of ambition. Even when imagining the “ideal future of society,” Keynes could only envision striking a balance between what was “tolerable” and what was “not intolerable.” Keynes had in truth already been working on his political theory project for some time.
Id. (p. 149).
He was forging a new set of philosophical foundations for twentieth-century society. He announced the program across the top of the page: “Prolegomena to a New Socialism—The Origins and End of Laissez-Faire.” Keynes had an ambiguous relationship with the word socialism. Sometimes he deployed it as an epithet; in other moods, he used it to describe a progressive ideal.
Id. (p. 149).
H
Friday, February 12, 2021
Thoughts for the Day: Friday 12 February 2021
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| Essay on contemporary issues published in 1972 |
Thursday, February 11, 2021
Thoughts for the Day: Thursday 11 February 2021
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| First published in 1961 |
Thursday, February 4, 2021
Thoughts for the Day: Thursday 4 February 2021
How vulnerable is the whole texture of facts in which we spend our daily life; it is always in danger of being perforated by single lies or torn to shreds by the organized lying of groups, nations, or classes...
— Hannah Arendt
Friday, January 29, 2021
Thoughts for the Day: Friday 29 January 2021






























