essayrationality

When is a bias useful?

1. Introduction Human decisions often deviate from the prescriptions of rational choice theory.  Psychologists and behavioral economists usually explain this deviation with biases, which are mental patterns or heuristics causing incorrect inferences and irrationality, especially when relying on fast thinking and intuitions (cf. Kahneman 2012, p. 19). Biases are a vibrant area of research. Consequently, there is a growing interest….

Read More
thesis

On the Value of Economic Growth #6 – Restrictions, Implications, Conclusion

6. Restrictions and implications As elaborated in the previous section, contrary to the second idea of the stationary state paradigm, the existence of growth is normatively relevant and a stationary state is not desirable in principle. However, this does not necessarily mean that, maximising economic growth is always desirable without restrictions. In the following, possible limitations and objections to the….

Read More
thesis

On the Value of Economic Growth #5 – The value of infinite growth

5.   The normative value of perpetual growth According to Brian Kogelmann, normative arguments in favour of economic growth can generally be divided into two categories: wealth-sensitive and wealth-insensitive arguments, or wealth-dependent and wealth-independent arguments (cf. Kogelmann 2022, p. 478). Wealth-sensitive arguments imply that growth is only necessary to achieve a normatively desirable level of prosperity, which is why: “If a….

Read More
thesis

On the Value of Economic Growth #3 – The Stationary State Paradigm behind Degrowth-Thinking

3. The stationary state paradigm Over the past two centuries, humanity has experienced unprecedented, exponential economic growth. Global GDP per capita rose from $1,102 to $15,212 between 1800 and 2018 (Maddison Project Database 2020). The positive effects of the prosperity achieved through this growth – such as the increase in life expectancy, the reduction in poverty and infant mortality –….

Read More
thesis

On the Value of Economic Growth #1 & #2 – Introduction on What Growth Is

The normative significance of economic growth Translation of my Bachelor thesis at the Chair for Political Philosophy of the Ludwig-Maximilians-University Munich, Supervisor: Dr Matthias Brinkmann, Grade: 1,0 (perfect score / excellent, US Equivalent: 4.0). German Original: https://leveret-pale.de/der-wert-des-wirtschaftswachstums-bachelorarbeit 1. Introduction If economic growth is discussed at all in practical philosophy, it is usually from a position of scepticism or rejection of….

Read More
literatureterm paper

Dark Academia: A case study in internet aesthetics as performatism and memetic populism

1. introduction Since its inception, the internet has continuously transformed people’s lives at an unprecedented speed. This transformation is not only of a technical and economic nature: the Internet connects, permeates and shapes cultures. The digital world dominates everyday life in an almost totalitarian way like no other medium before it, forming an omnipresent aesthetic framework and at the same….

Read More