In the 94th Session of the Philosophical Foundations of Law and Finance (Friday, Dec 2, 2011, 18:00 - 20:00, room 516, University of Westminste
r, 309 Regent Street, London), we will explore the concept of the "Invariance of Default." We shall examine the concept of "Invariance of default" using first Aristotle's theory of knowledge, i.e. predication as universals and universals as models of general precise reasoning. Then, we shall explore the concept of Invariance of Default in terms of a slightly modified Cheng-Lauda (2004) heuristic strategy of (1) Ideal, (2) Ideological Interpretations of the Ideal and (3) Technical Realisations of the Ideal. To this heuristic, we add the Nullity as a necessary element that allows the theory of the Invariance of Default to be transformed into a monoid, and as a monoid become a model for an Algebra of Law and Finance. I know this all sounds like abstract nonsense. It's at this point where we start making bets...afterwards for a drink and TEXMEX at Texas Embassy across the street from No 1 Pall Mall, near the Sainsbury wing of the National Museum...from say 8:30pm. BTW TEXMEX if done properly is BETTER THAN ITALIAN! Ha ha!