Law in Contemporary Society

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TheRisksAStateOfMind 6 - 11 Jan 2010 - Main.IanSullivan
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    "Every year, I find 2 million dollars and I give it away to other people. You understand what I’m trying to say about the debt? The debt’s a state of mind. Smart people can get money. If you need money, get money."
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<		 Someone asked Eben, “How did you pay your debts?” He responded by defining “debt” as anxiety, relieved by confidence in one’s ability to get money.
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>		 Someone asked Eben, “How did you pay your debts?” He responded by defining “debt” as anxiety, relieved by confidence in one’s ability to get money.
 In the remaining lectures, I expected Eben to extend the analogy from debt to risk. I was disappointed that he never did. It's important that we not tolerate society’s slapping the word “risk” on what would be more usefully called “ignorance”--our own ignorance. When the economist claims that "markets reward risk," he characterizes wealth-distributions as random, which we could predict by revealing latent differentials in information or understanding. That's an anti-intellectual attitude that treats intelligence as magic. It invites us to recite last year's knowledge rather than create new models of who knows what.

Revision 6r6 - 11 Jan 2010 - 16:56:00 - IanSullivan
Revision 5r5 - 11 May 2008 - 02:38:51 - AndrewGradman
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