Ideas and Thoughts that Underlie Markets

  • March 14, 2013 · 7:00 PM
  • This location is shown only to members

All these talks about foundationalism (Jan. 31, Feb. 7, Feb. 14) and antifoundationalism (Feb. 28) are fine for contemplation, but is any of it practical in everyday living? This meeting draws from a recent member's feedback.

Instead of starting from a conceptual blank slate and build up knowledge foundationally (or not), Let's start with today's world markets of which everyone in one form or another is an active participant. We will look at these markets, examine what abstract ideas and principled thoughts underlie them, and trace them through all the high-level, derivative branches of knowledge, all the way back to philosophy, and maybe all the way back (or not) to some foundation.

---

Here is the sentence of a reply of mine that sparked the idea for this meeting:

If you are looking to study certain fundamental relationships between existence and human beings; if you want to see how philosophical ideas and thoughts affect a person's way of thinking about the world, people, and society; if you want to see how moral values and virtues from a particular philosophical system can affect how an individual will acquire things, value relationships, and manage institutions, as well as how that person will act and react in everyday situations and during really difficult ones; if you want to make comparisons among different philosophical systems, among different conceptions of human nature, among different ethical standards, among different political systems, among different market systems; if you want to see whether valid ideas will lead to prosperity, and invalid ones to misery; and if you want to know whether there are psychological tools, methods, and standards that can help people to discover these differences and maybe to protect themselves against invalid ideas, immoral influences, and noxious manipulations; well, then, this is the place for you.

---

Is the task of discovering these ideas and thoughts even possible? Can one make a case for or against there being a structured body of knowledge that underlies today's markets? Attend the meeting to find out.

Join or login to comment.

  • Mark G.

    Here's an interesting article, relevant to the topic on Markets, as well as meta-ethics. Is a new kind of man evolving - From Homo Economicus to Homo Socialis? Some scientists think so:
    "Networked Minds' Require Fundamentally New Kind of Economics"
    http://bit.ly/ZgEI0r

    March 24, 2013

    • Tom O.

      I finally read the article. Thanks for the post, Mark. Where to begin? From the angle of philosophy of science, there are some serious problems: with the computer simulation of human evolution; with the deterministic reduction of human action down to a biological trait; with the assumed economic theory about the nature of economizing man, of competition, of cooperation; withthe theory of mind as it relates to emotions, desires, preferences of the private vs. the public. Too many unexamined assumptions go into this study that the conclusions from the authors must be held suspect. There is a sort of confirmation bias to the writing of the article too. The only redeeming point from the article is at the end. It alludes to the possibility that the consumer and the producer are one and the same individual in the market. Consequently, there shouldn't be a bias in power or protection favoring one side of any trading transaction--which is exactly what we said at the meeting.

      March 30, 2013

  • Mark G.

    One thought that was brought up is that many people don't have the critical thinking skills needed to make informed choices in the markets. I found this article, which focuses on a related topic, on the impact of technology on the human brain.
    http://news.discovery.com/tech/technology-brain-intelligence-20130319.htm#mkcpgn=emnws1

    March 20, 2013

    • Mark G.

      Tim, yes I agree that the articles is a bit one-sided and presents only the disadvantages of such technology. No doubt, the technology has a great upside as well. And, yes Tom, I agree that the article is making a case for what the technology does to the overall population, and does not impact everyone in the same way. Individuals can choose to become mindful when using the technology, while taking advantage of the benefits.

      March 20, 2013

    • Mark G.

      I think one other technology not pointed out in the article (since it is an older technology) has had perhaps even greater impact, whether positive or negative, on people. And that is television, which is completely passive, while the other technologies involve some interaction. I don't have the source, but I heard that, when someone watches TV, the brain waves actually switch to a state, which fosters greater non-critical thinking and trust for what's being presented on TV. Again, people have a choice, but I suspect not too many choose to be mindful of how TV impacts them while they're watching.

      March 20, 2013

  • Tom O.

    We touched on four elements of any market: place, traders, trade, traded. We connected them to human nature, human action, the nature of knowledge, moral values, vices and virtues.

    March 15, 2013

  • A former member
    A former member

    Forgive the advertising but I've just uploaded a PDF file titled: My Reasons for Doubting Foundationalism on this group's File section under the More menu. I'll include links to the document below so you can view, save, or print it.

    This is a compendium of items that I started in order to gather my reasons for having doubts about yet accepting Foundationalism as my Epistemology of choice. This is the starting point for my further study and as such it is still in it's early stages.

    Please let me know what you think.

    http://files.meetup.c...

    March 15, 2013

  • Mark G.

    People had many different views about issues surrounding the market. However, the meetup emphasized the fundamentals of the market as a precursor to any further discussion on issues, etc. The fundamentals tied in a fair amount of ideas of prior meetups, such as values, planning for the future, volition, etc.

    March 15, 2013

    • Tim

      I agree. I wish it was clearer that we were talking about the fundamentals, as I think some of us, myself included, thought we were talking about the state of markets. As Tom said, with the fundamentals established, we can then proceed to evaluate the current state of markets.

      March 15, 2013

    • A former member
      A former member

      I like Tom's style of presenting and grounding the definitions and meta-style structure to the overall concept. It is not explicitly obvious sometimes for newer members but it does help to lay the "foundation" for more particular discussion.

      March 15, 2013

  • Tim

    This should be a good meeting. Everyone needs to learn how to think well, and being able to connect the dots at the most fundamental human level to the way we live as individuals and as a society will be an eye-opener for those who don't understand philosophy and how far- and wide-reaching its influence is. Any quick discussion with anybody on the street will reveal that most people don't.

    The thinkers of society influence everyone around them because at the end of the day, great ideas prevail. They are the seeds and agents of change. The current trend of today is that people don't want to think for themselves, but be rather told what to think. This stems from foundational issues. As thinkers, we have the potential to change this!

    March 13, 2013

    • Tim

      Chris, I wanted to talk to you about this, but it got crazy after the meetup and you were gone by the time I was free.

      Can you explain why you would modify my process? Are you disagreeing or providing an alternate view? Also enjoyed the psychological element you brought to tonight's discussion! :)

      March 15, 2013

    • A former member
      A former member

      Hey Tim, thanks much and let me paste the original proposition:

      "Simply put, action is guided by belief, and belief is guided by philosophy."

      I think I'm just trying to insert psychology as the mediator between our knowledge of say our values and our actions. In neuroscience terms, I want to be able to engage my pre-frontal cortex, the biggest brain difference between us and our nearest cousin, to allow us to stop and think before acting.

      March 15, 2013

  • A former member
    A former member

    Another great set of people with great ideas and passionate debate!

    March 14, 2013

  • S S.

    I really enjoyed meeting with everyone last week. I'm in the middle of midterm giving and grading and won't be able to carve out the needed time.

    March 13, 2013

    • Tim

      It was great having you and hope to you see you soon!

      March 14, 2013

    • Patricia

      Bummer! Hope to see soon!

      March 14, 2013

  • Andrew

    Will try to get there. Have something immediately prior.

    March 9, 2013

  • Tom O.

    I think of this meeting as a reminder for why people become interested in philosophy in the first place. If not for the market as the object of interest, then maybe it is the obsession of a romantic love, or maybe it is a loss of a loved one, or maybe it is the daycare program to send one's child. Any of these everyday concerns is within the domain of philosophy and can inspire its study.

    March 1, 2013

14 went

People in this
Meetup are also in:

Imagine having a community behind you

Get started Learn more
Henry

I decided to start Reno Motorcycle Riders Group because I wanted to be part of a group of people who enjoyed my passion... I was excited and nervous. Our group has grown by leaps and bounds. I never thought it would be this big.

Henry, started Reno Motorcycle Riders

Sign up

Meetup members, Log in

By clicking "Sign up" or "Sign up using Facebook", you confirm that you accept our Terms of Service & Privacy Policy