An Extraordinary Time: The End of the Postwar Boom and the Rise of the Ordinary Economy, Author: Marc Levinson.
By Marc Levinson – Between 1948 and 1973, Australia, Japan, Sweden and Italy had not a single year of recession. West Germany and Canada did almost as well. The good times rolled on so long that people took them for granted.
Governments and the economists who advised them happily claimed the credit. Careful economic management, they said, had put an end to cyclical ups and downs. Governments possessed more information about citizens and business than ever before, and computers could crunch the data to help policymakers determine the best course of action. In a lecture at Harvard University in 1966, Walter Heller, formerly chief economic adviser to presidents John F Kennedy and Lyndon B Johnson, trumpeted the success of what he called the ‘new economics’. ‘Conceptual advances and quantitative research in economics,’ he declared, ‘are replacing emotion with reason.’
The Golden Age was wonderful while it lasted, but it cannot be repeated. If there were a surefire method for coaxing extraordinary performance from mature economies, it likely would have been discovered a long time ago. more> https://goo.gl/oQN8FL
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GE Just Turned the World’s Most Powerful Jet Engine Into A 65-Megawatt Power Plant
By Tomas Kellner – GE is taking the world’s largest jet engine and turning it into a power plant. The machine’s beating heart comes from the GE90-115B, which is the largest and most powerful jet engine, capable of producing 127,900 pounds of thrust, according to Guinness World Records. The electricity generator, which GE calls LM9000, will be able to generate a whopping 65 megawatts — enough to supply of 6,500 homes — and reach full power in 10 minutes.
The technology is also a good example of what GE calls the GE Store — the system of sharing technology, research and expertise among its many businesses. Today, aeroderivatives power towns and factories but also oil platforms and ships. more> https://goo.gl/dSwnhF
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Critique of Pure Reason, Author: Immanuel Kant.
A History of Formal Logic, Author: J M Bocheński.
Principles of Philosophy, Author: René Descartes.
Summa Theologica, Author: Thomas Aquinas.
Meditations on First Philosophy, Author: René Descartes.
Port-Royal Logic, Authors: Antoine Arnauld and Pierre Nicole.
The Mathematical Analysis of Logic, Author: George Boole.
Begriffsschrift, Author: Gottlob Frege.
Principia Mathematica, Authors: Alfred North Whitehead and Bertrand Russell.
By Catarina Dutilh Novaes – The history of logic should be of interest to anyone with aspirations to thinking that is correct, or at least reasonable.
Descartes hits the nail on the head when he claims that the logic of the Schools (scholastic logic) is not really a logic of discovery. Its chief purpose is justification and exposition, which makes sense particularly against the background of dialectical practices, where interlocutors explain and debate what they themselves already know. Indeed, for much of the history of logic, both in ancient Greece and in the Latin medieval tradition, ‘dialectic’ and ‘logic’ were taken to be synonymous.
Up to Descartes’s time, the chief application of logical theories was to teach students to perform well in debates and disputations, and to theorize on the logical properties of what follows from what, insofar as this is an essential component of such argumentative practices. It’s true that not everyone conceived of logic in this way: Thomas Aquinas, for example, held that logic is about ‘second intentions’, roughly what we call second-order concepts, or concepts of concepts. But as late as in the 16th century, the Spanish theologian Domingo de Soto could write with confidence that ‘dialectic is the art or science of disputing’. more> https://goo.gl/iFCWw4
By Dambisa Moyo – Much of the criticism leveled against globalization today is related to the idea that it enriches the few, while leaving many people behind.
Policymakers exhibit a blind spot for the true costs and consequences of the policy decisions that they make today. Beholden to a national electorate and a desire to win and stay in office, policymakers show tendencies towards a zero-sum mentality—the idea that in key policy decisions and practical implementation, nations are defined as either winners or losers.
Trade policies are myopic in that policy-makers appear oblivious to the fact that the trade policies they implement today have enormous costs and consequences to their own economies in the future.
To reach a form of globalization that can succeed requires a level of change that will be hard to put in place. In today’s form of globalization, no one is responsible for the “global” economic interest. Instead, it is led by “world” leaders who are incentivized and court national electorates. more> https://goo.gl/WCMJHS
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