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Comment on Edmund Phelps’ presen-tation The West is at Risk – a Battle Between
Содержание
- 1. Comment on Edmund Phelps’ presen-tation The West is at Risk – a Battle Between
- 2. Three main pointsThe Enlightenment and ensuing Modernism
- 3. Questionable claimsMuch stronger challenges to Modernist thought
- 4. Questionable claims cont’dMany health care services far
- 5. ChallengesPressing systemic issuesHeed JFK’s call, but who
- 6. Скачать презентанцию
Three main pointsThe Enlightenment and ensuing Modernism behind our prosperityWhat creates ”the good life”Not through consumptionBut from our role as producers, innovators and entrepreneurs, creates economic dynamismThe ultimate source of increased
Слайды и текст этой презентации
Слайд 1Comment on Edmund Phelps’ presen-tation The West is at Risk
– a Battle Between Modern and Traditional Values
October 2013
Слайд 2Three main points
The Enlightenment and ensuing Modernism behind our prosperity
What
creates ”the good life”
Not through consumption
But from our role as
producers, innovators and entrepreneurs, creates economic dynamismThe ultimate source of increased prosperity is innovation
Слайд 3Questionable claims
Much stronger challenges to Modernist thought in ”the golden
era”
Rate of innovation equally high 1980–2007
ICT-revolution
Values have not become more
traditionalist (but postmodern?)US far more innovative than other countries (although declining); IMD? WEF?
Has median income really stagnated since the 1970s?
Inflation is overestimated
New goods often nonrival, large wedge between marginal cost and value for consumer
Слайд 4Questionable claims cont’d
Many health care services far greater value than
cost
Hip operation
Previously untreatable psychiatric disorders
The value of the work of
a great teacher?Given positive externalities of human capital
Some 2/3 of production consists of services not amenable to accurate measurement
Increasingly difficult to assess evolution of real income
…and the latter is often used as a proxy for rate of innovation
Слайд 5Challenges
Pressing systemic issues
Heed JFK’s call, but who does?
Why don’t we,
despite so many people groping for ”meaning”
Part of the blame
from the oversimplified assumption that utility flows from consumptionBut the main culprit is the postmodernist paradigm
Debunks the message of the Enlightenment
No objective knowledge; deconstruction will show that all claims to work for the common good are in fact concealed self-interest
An esteemed and legitimate meritocracy cannot be upheld
The highly capable and conscientious cannot vie for positions of leadership and pursuit of the common good
