API Blog

Hello. My name is John Smithin and I am the Executive Co-Director and a Fellow at the Aurora Philosophy Institute (API) here in Aurora, Ontario. On 10.04.2021 our friend and colleague Ronen Grunberg gave a very interesting talk to the API on ‘Epicureanism’. Several of our members who are philosophy majors remarked that this is a topic that is rarely, if ever, covered in university courses in philosophy. Listening to Ronen, I am convinced that it should be.

ABSTRACT

Arguably, there is no concept more difficult to understand in economics than that of capital. However, capital is central to economic reasoning, so we must understand it rightly. In order to use this concept, economists tend to identify capital either as “goods” or “funds.” The conception of capital as “goods” considers capital as a collection of heterogeneous things that enhance the productivity of human labor—anything from an ax to a web browser could qualify.

On Tuesday November 20, 2020 Professor Graham Hubbs made a very interesting presentation to the Aurora Philosophy Club (APC), on ‘Philosophical Explanations of the Nature of Money’ which attracted a lot of interest and comments.

When I speak to my kids about becoming into being, one of their favourite topics, they ask me if this image is the being I am trying to become.

General Statement

The Covid-19 pandemic crept upon the world of finance and money earlier this year like the proverbial thief in the night.

In order to keep their economies going and limit severe disruptions, governments in the major western countries have had to take actions which would most probably be strongly resisted in normal times. 

In light of my recent episode at the Hospital I jotted this down 
As a philosopher it appeared a smart thing to do, living in the kingdom of my mind 
… Very thoughtful, analytical and deep …. Above all very dependable 

In the process of all these ‘doings’ that I am so engrossed by ..... Living by the calendar… like clockwork 
... I have been absent and missing 
Just standing by …. From actually living

In the 1950s, Friedrich Hayek (1899–1992) was already a well-respected intellectual, with important contributions to monetary theory, the theory of business cycles, the methodology of economics, and capital theory. Furthermore,
he had already begun his contributions to epistemology, psychology, and moral and political philosophy that went well beyond the narrow confines of political economy.

THERE IS GENERAL AGREEMENT AMONG THE PUBLIC THAT
much of the infrastructure of the country is in need of improvement.  The  nation  feels  the  burden  of  overworked

There is a schism in the contemporary scholarship in law and economics. The field that decades ago helped revive the classical liberal tradition for law and lawyers continues to advance its project of studying legal incentives at the level of the individual—but it sidesteps monetary questions, approaching money only as a measuring rod to solve the barter problem.