Showing posts with label Blame. Show all posts
Showing posts with label Blame. Show all posts

Saturday, 14 November 2009

Proceedings of 37th Session of the Philosophical Foundations of Law and Finance on Friday the 13th of November 2009 - Joe's Note

1. In attendance, 3 university lecturers, 8 PhD candidates, 5 LLM graduates and 3 professional bankers. If this were an Aikido class, this would be a class of san-dans just sharing their techniques with each other, having fun learning in a serious way.

2. Invariably, in "high-level classes", we engage in discussion about simple and fundamental things.

3. What we enjoy and genuinely appreciate from each other are not complexities for their own sake but clarity and risk.

4. Title of presentation was: "Grotesque Symmetries-- Blame and Defensive Arguments in Plato's Apology and Shakespeare's Merchant of Venice".

5. Thanks to Laura Niada for providing a marvellous set of slides and Ece Ozdilek for her assistance.

6. Although the discussion was vibrant with most making contributions, the following is a brief rendition of my intended argument which I believe I failed to make entirely clear. Also, I must thank James Waters in particular for asking questions which forced me to consider the following propositions in some sort of axiomatic and deductive form.

7. Blame and Defensive Arguments make up much of our world communications.

8. Perfect blame would pinpoint causes of misery while perfect defensive arguments would completely exculpate the blamed.

9. These forms of arguments are symmetric over cultures, over time, and evident in courts of law.

10. Does this observation of symmetry give us any important and fundamental information about how we are as humans and is there some way we can make use of this pattern of observations into our daily lives?

11. To find out, we resort to the extreme abstraction (which unfortunately requires some familiarity with an austere vocabulary) of symmetry theory.

12. Distinguish between "substantive symmetry" and "formal symmetry". From Kosso interpreting van Fraasen, substantive symmetry is the use of symmetry arguments which identify and re-describe a particular situation in symmetry terms without adding any extra risk of the person giving the description for being wrong. Thus, the claim made by a substantive symmetry statement is trivial. Nothing risked, nothing gained.

13. A Proper Symmetry Argument is fundamental, of great significance to the epistemological and ontological aspirations of humanity, and is in effect a big bet that a particular symmetry identified for a particular observed phenomenon applies generally. This is a scientific hypothesis waiting for confirmatory proof. This is a bet set by a financial trader that his hunch-based calculation will come right. This is a theory of law at the level of proposed legal or equitable remedy will be rendered in the affirmative by the judge. Or not!

14. So, all the grotesque symmetries that we see around us, from terrorists to soldiers killing each other and the highly emotive or insanely rational arguments in support thereof are substantive symmetry arguments. They add nothing to our fundamental understanding of humanity. They are to put it mildly, completely untrustworthy arguments, immediately betraying both a conflict of interest and evident biases which are at bottom self-interested.

15. A proper symmetry argument translated into human interaction is unconditional love, utter gratefulness and unqualified respect--these cannot be finally proved but only like big scientific hypotheses, worked out daily and lived out until proven wrong.
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Wednesday, 11 November 2009

Philosophical Foundations of Law and Finance - 37th Weekly Meeting

Dear all

For the 37th session of the Philosophical Foundations of Law and Finance, on Friday 13 October 2009, from 6 to 8pm, in room 5.16, 309 Regent Street (University of Westminster), we will face blame and defence. Joe will take us through the “Grotesque Symmetries in Law and Finance”:

Having tasted the unearthly delights of logical completeness (which breeds insane rationality) including ontological arguments for the existence of something appearing miraculously out of nothing as being the form of all universalistic scientific explanations (cf Timaeus) and feeling completely dissatisfied by the irresolvable metaphysical antimonies thereof (cf the 1948 radio debate between Father Copleston and Bertrand Russell), we move on to the more mundane and decidable world of "courts" to examine the questions:

(1) what constitutes Truth in courts of law, and

(2) what should be a Perfect Defence.

Both are surprisingly finance questions with explicit financial-economic solutions. According to financial-economic theory, it is now possible for every individual to realize their life long socially provident civilized identity through private-public risk-sharing distribution mechanisms – ie really big securitisation structures encompassing all possible future incomes of all peoples...

We shall look at the concept of "defensive arguments". News and blog spheres are bursting with "accusations". There's lots of blame. In the response to accusations there are a lot of defensive arguments.

The readings for Friday will come from two great "trials": Plato's Apology and Shakespeare's Merchant of Venice. Both carry exemplars of miscarriages of justice and grotesqueries of bilateral symmetry. On the "buy side", we recommend Robert Shiller's pre-financial crisis book on The New Financial Order.

As usual, everybody is invited to vegetarianly banquet on few pounds of pizza at Vapiano (19-21 Great Portland Street, W1W 8QB) at 8.00pm.

See you on Friday!!

Joe and Laura
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