Sunday , November 24 2024
Home / Mike Norman Economics / Chris Dillow — Syria: the knowledge problem

Chris Dillow — Syria: the knowledge problem

Summary:
There’s a danger that the question of whether we should intervene in Syria is becoming a left-right issue. Not only is this false, it’s a means of (deliberately?) ignoring the basic issue – one that is much more general than merely the conjunctural question of Syria.It’s false because there are many rightists who have doubted the case for military intervention, such as John Baron, Julian Lewis and, I gather, Kate Andrews on Question Time last night. I don’t think this is wholly because they are little Englanders who care only about British interests. It’s because of their stance towards a key general question in politics: how much can governments know?... Practical epistemology: When do you know enough to make a decision to act, know enough what to do, e.g. without unintended

Topics:
Mike Norman considers the following as important:

This could be interesting, too:
There’s a danger that the question of whether we should intervene in Syria is becoming a left-right issue. Not only is this false, it’s a means of (deliberately?) ignoring the basic issue – one that is much more general than merely the conjunctural question of Syria.
It’s false because there are many rightists who have doubted the case for military intervention, such as John Baron, Julian Lewis and, I gather, Kate Andrews on Question Time last night. I don’t think this is wholly because they are little Englanders who care only about British interests. It’s because of their stance towards a key general question in politics: how much can governments know?...
Practical epistemology: When do you know enough to make a decision to act, know enough what to do, e.g. without unintended consequences — and know that you actually know this (unknown unknowns)? What are the criteria you are using? Are they sufficient? How robust?

Those that spend too much time, effort and resources, never act. Those who act prematurely risk not only failure, but also blowback from unintended consequences.

Stumbling and Mumbling
Syria: the knowledge problem

Chris Dillow | Investors Chronicle
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *