Clash of the Titans: When the Market and Science Collide

science

Here is the abstract and the introduction from the volume Experts and Epistemic Monopolies where our paper can be found.

Abstract

Purpose/problem statement – Two highly successful complex adaptive systems are the Market and Science, each with an inherent tendency toward epistemic imperialism. Of late, science, notably medical science, seems to have become functionally subservient to market imperatives. We offer a twofold Hayekian analysis: a justification of the multiplicity view of spontaneous orders and a critique of the libertarian justification of market prioricity.

Methodology/approach – This chapter brings to light Hayekian continuities between diverse literatures – philosophical, epistemological, cognitive, and scientific.

Findings – The very precondition of knowledge is the exploitation of the epistemic virtues accorded by society’s manifold of spontaneous forces, a manifold that gives context and definition to intimate, regulate, and inform action. The free-flow of information is the lifeblood of civil (liberal) society. The commoditization of medical knowledge promotes a dysfunctional free-flow of information that compromises notions of expertise and ultimately has implications for the greater good.

Research limitations/implications – While we accept that there are irresolvable tensions between these epistemic magisteria we are troubled by the overt tampering with the spontaneous order mechanism of medical science. The lessons of Hayek are not being assimilated by many who would go by the adjective Hayekian.

Originality/value of chapter – On offer is a Hayekian restatement (contra the libertarian view typically attributed to Hayek) cautioning that no one spontaneous order should dominate over another, neither should they be made conversable. Indeed, we argue that the healthy functioning of a market presupposes institutions that should not answer to market imperatives.

Introduction

It’s a common error to mistake the nature of liberalism. Of course ‘‘liberalism’’ is a term with many meanings, some unrelated and not all compatible. A common refrain from both self-avowed Hayekians and critics alike attributes to Hayek the view that the market is the root of social order. In this chapter we dispute this assertion. Hayek made it clear in no uncertain terms that the market exists as part of a manifold of spontaneous orders that constitute the fabric of civil (liberal) society. Hayek’s defence of common law against legislation, morality, and tradition against so-called ‘‘social justice,’’ and the market against the egalitarian impulse affirms the multiplicity view. What Hayek was recommending was the interdependence of independent equals. This provides the philosophical backdrop to the discussion. As grist to the Hayekian mill we draw upon an eclectic body of literature and examples. The discussion unfolds as follows: the second section examines Hayek’s supposed economism and libertarianism; the third section looks at the characteristics of science as a spontaneous order; the fourth section recasts the notion of a spontaneous order as an extended cognitive system afforded by technological developments. The fifth section examines some of the distortive market influences upon medical science and the sixth section discusses the philosophical motivations behind the open access movement. The penultimate section looks at a specific case study – The Knowledge Hub for Pathology (hereafter TKHP) – that instantiates the virtues of a spontaneous order discussed in the preceding four sections. We conclude with a few brief remarks.

Old Pulteney 21

scotch

On a recent visit back to Old Blighty I had the opportunity to more than sample some Old Pulteney 21. I had never heard of the distillery since my interests have tended to focus on Islay, Speyside and Highland single malts. It was merely one bottle, an unopened office gift amongst several, to a friend who very rarely imbibed and had only a vague inkling as to what good Scotch was – there were the obligatory over-marketed, over-packaged and over-priced blends of Chivas and Johnny Walker Blue Label office/Christmas gifts. With even the most pedestrian of single malts far more interesting than Chivas and JW, one has to wonder why people think that Chivas and JW are class acts – well not really, they are just ignorant and fall for the over-the-top coffin-like packaging, the sort of aesthetic that was characteristic of “Posh and Becks” wedding. Anyway back to Old Pulteney. I did enjoy it immensley despite it not being really to my default taste – i.e. the smokey Islays. I have since discovered that Old Pulteney 21 had recently won World Whisky of the Year. I wouldn’t read too much into this but I do think that the Old Pulteney distillery is thoroughly underrated and though hardly a favourite of mine, is producing very interesting and quite different tastes. (Of this trip’s single malt “sampling” the old favourites Laphroaig, Dalwhinnie, Talisker and Ardbeg never let me down). As with all single malts the characteristics are determined by location (the most northerly on the British mainland). Furthermore, for Old Pulteney:

The wash still, in particular, is a source of fascination to visitors due to the absence of a ‘swan neck’. Legend has it that when the still was delivered it was too tall for the still house and the manager simply decided to cut the top off!

Tasting the blues

food

Following on from Floyd here is the much more reserved Rick Stein who goes on a sojourn through the Mississippi Delta. It was Floyd who gave Rick his television break and I notice that Dave Prichard who Floyd “directed” (Prichard was ostensibly the director), directs Stein here.

Ever since the early 1960s, Rick Stein has been in love with the blues and years later he is fascinated by the dishes ingrained in its lyrics – fried chicken and turnip greens, catfish and black-eyed peas, and the rest. In this film, Rick pays homage to the musicians who created this music and to the great dishes of the Mississippi Delta that go hand in hand with the blues.

Robo Law

robotics, robots

How the law should deal with technologies that blur man and machine

Philosophers at the Humboldt University of Berlin, meanwhile, are exploring the various ways in which robotic technologies challenge the notion of what it means to be human. To what extent is it defined by having a body of a particular shape, or by cultural factors?

Michael Oakeshott on the Rule of Law and the Liberal Order

a companion to michael oakeshott

Tim Fuller, one of our Companion’s eminent contributors, here with an article on the Liberty Fund website.

A defining theme of Michael Oakeshott’s thought is that, through the past five centuries, European civilization can count among its greatest achievements the invention of “civil association” and the clarification of the “rule of law.” These are arrangements in which individuals, who think of themselves as individuals, associate with each other, not in terms of a teleological purpose or in pursuit of a uniform goal or end for humanity, but in terms of agreed-upon procedures and expectations to secure opportunities for such self-regulating individuals to pursue their wished-for satisfactions in voluntary associations supported by appropriate rules.  Civil association is not a theory of the “state,” but is our picture of what we can expect in our interactions with each other.  The modern state, in its variously constituted forms, is designed to support civil association.

Scotch Hunter

beer

I don’t normally recommend websites/blogs but this one was started by two enthusiasts with day jobs in another world. I assume their naming of their website Scotch Hunter is a tribute/allusion to the chap that started me on the road to educating me in beer, scotch and other wonderful drinks – the late Michael Jackson aka the “Beer Hunter” – a lovely gentle man who I met at a CAMRA event years back.

I never took to the Kriek/Lambic style that Michael talks about at the end of this clip. It was through Michael that I discovered my favourite beer – Rochefort 10 – a world away from the “poodle piss” called Bud (not casting aspersions on the real Budvar) that the ignorant think is beer. Anyway, this week’s primary imbibition has been Talisker 18, Ardbeg 10 and St Bernardus 8. Cheers Michael!

Behike 52

cigars

I’m still convinced after two years that this remains the finest (matured) cigar I have ever tried (Wikipedia). I couldn’t get it for “love nor money” at Heathrow but fortunately I have my sources (and they don’t gouge me). There are other very good brands (not necessarily Cuban) but the workmanship on these is THE benchmark.

Rattle, Ligeti, Wagner and Ravel

music

An exceptional prom in a so-so season despite this being one of London’s biggest years since VE Day. What was distinctive was that each piece cleverly flowed into each other thereby “robbing” the audience of the opportunity to clap. And no, the photo is of Simon Rattle and not Steven Pinker. See The Telegraph’s glowing review.