Financing the Common Good


Article by Mariana Mazzucato: “…The international monetary system which emerged in the aftermath of World War II undoubtedly represented an important innovation. But its structure is no longer fit for purpose. The challenges we face today—from climate change to public-health crises—are complex, interrelated and global in nature. Our financial institutions must reflect this reality.

Because the financial system echoes the logic of the entire economic system, this will require a more fundamental change: we must broaden the economic thinking that has long underpinned institutional mandates. To shape the markets of the future, maximising public value in the process, we must embrace an entirely new economics.

Most economic thinking today assigns the state and multilateral actors responsibility for removing barriers to economic activity, de-risking trade and finance and levelling the playing-field for business. As a result, governments and international lenders tinker around the edges of markets, rather than doing what is actually needed—deliberately shaping the economic and financial system to advance the common good…(More)”.

What Was the Fact?


Essay by Jon Askonas: “…Centuries ago, our society buried profound differences of conscience, ideas, and faith, and in their place erected facts, which did not seem to rise or fall on pesky political and philosophical questions. But the power of facts is now waning, not because we don’t have enough of them but because we have so many. What is replacing the old hegemony of facts is not a better and more authoritative form of knowledge but a digital deluge that leaves us once again drifting apart.

As the old divisions come back into force, our institutions are haplessly trying to neutralize them. This project is hopeless — and so we must find another way. Learning to live together in truth even when the fact has lost its power is perhaps the most serious moral challenge of the twenty-first century…

Our understanding of what it means to know something about the world has comprehensively changed multiple times in history. It is very hard to get one’s mind fully around this.

In flux are not only the categories of knowable things, but also the kinds of things worth knowing and the limits of what is knowable. What one civilization finds intensely interesting — the horoscope of one’s birth, one’s weight in kilograms — another might find bizarre and nonsensical. How natural our way of knowing the world feels to us, and how difficult it is to grasp another language of knowledge, is something that Jorge Luis Borges tried to convey in an essay where he describes the Celestial Emporium of Benevolent Knowledge, a fictional Chinese encyclopedia that divides animals into “(a) those that belong to the Emperor, (b) embalmed ones, (c) those that are trained, … (f) fabulous ones,” and the real-life Bibliographic Institute of Brussels, which created an internationally standardized decimal classification system that divided the universe into 1,000 categories, including 261: The Church; 263: The Sabbath; 267: Associations. Y. M. C. A., etc.; and 298: Mormonism…(More)”.

Has 21st century policy gone medieval?


Essay by Tim Harford: “Criminal justice has always been a source of knotty problems. How to punish the guilty while sparing the innocent? Trial by ordeal was a neat solution: delegate the decision to God. In the Middle Ages, a suspect who insisted on their innocence might be asked to carry a piece of burning iron for a few paces. If the suspect’s hand was unharmed, God had pronounced them innocent. If God is benevolent, omnipotent and highly interventionist, this idea works. Otherwise this judicial ordeal punishes innocent and guilty alike, inflicting harm without sorting good from bad.

Suella Braverman, the UK’s home secretary, and her “dream” of deporting asylum seekers to Rwanda, is an eerie 21st-century echo of a medieval idea. In a way, the comparison is unfair to the medieval courts. Judicial ordeals really were designed to solve a policy problem, while the government’s Rwanda rhetoric is designed to deflect attention from strikes, NHS waiting lists and a stagnating economy.

But in other ways the comparison is apt. Deporting migrants to Rwanda, or similar deliberate cruelties such as separating parents from their children at the US-Mexican border, might well be expected to deter some attempts to enter the country, while those fleeing murderous regimes would come regardless.

Many people, myself included, draw the line at “deliberate cruelties”. But public policy is full of ordeal-like interventions: long waits, arduous paperwork and deliberate stigma are all common policy tools. The economist Richard Zeckhauser of Harvard defines ordeals as “burdens placed on individuals which yield no benefits to others” and argues that such burdens can sometimes be an effective way of ensuring scarce benefits are targeted only to worthy recipients.

But do these ordeals really select the most deserving? Carolyn Heinrich, professor of public policy at Vanderbilt University, has studied South Africa’s Child Support Grant, with a series of bureaucratic ordeals requiring bewildering paperwork and long waits. The families who struggle with these ordeals are those who face longer journeys to the benefits office, or have a limited grasp of bureaucratese.

Heinrich found that because of these arbitrary distinctions, many families received less support than they were entitled to. Most interruptions to benefit payments were errors, and the children in the affected families would become adolescents who were more likely to engage in crime, alcohol abuse or risky sexual behaviour. The ordeal harmed the innocent, undermined the goals of the support grant and seems unlikely to have saved public funds.

Some ordeals are the result of incompetence, such as badly designed forms, or underfunded public services…(More)”.

Enhancing Trust in Science and Democracy in an Age of Misinformation 


Article by Marcia McNutt and Michael Crow: “Therefore, we believe the scientific community must more fully embrace its vital role in producing and disseminating knowledge in democratic societies. In Science in a Democratic Society, philosopher Philip Kitcher reminds us that “science should be shaped to promote democratic ideals.” To produce outcomes that advance the public good, scientists must also assess the moral bases of their pursuits. Although the United States has implemented the democratically driven, publicly engaged, scientific culture that Vannevar Bush outlined in Science, the Endless Frontier in 1945, Kitcher’s moral message remains relevant to both conducting science and communicating the results to the public, which pays for much of the enterprise of scientific discovery and technological innovation. It’s on scientists to articulate the moral and public values of the knowledge that they produce in ways that can be understood by citizens and decisionmakers.

However, by organizing themselves largely into groups that rarely reach beyond their own disciplines and by becoming somewhat disconnected from their fellow citizens and from the values of society, many scientists have become less effective than will be necessary in the future. Scientific culture has often left informing or educating the public to other parties such as science teachers, journalists, storytellers, and filmmakers. Instead, scientists principally share the results of their research within the narrow confines of academic and disciplinary journals…(More)”.

What Makes People Act on Climate Change, according to Behavioral Science


Article by Andrea Thompson: “As the world hurtles toward a future with temperatures above the thresholds scientists say will lead to the worst climate disruptions, humanity needs to take all the actions it can—collectively and as individuals—to bring planet-warming emissions down as quickly as possible. Governments and companies need to do the lion’s share of the work, but ordinary people will also need to make changes in their everyday lives. A crucial question has been how best to spur people toward more climate-friendly behaviors, such as taking the bus instead of driving or reducing home energy use.

New research published in Proceedings of the National Academy of Sciences USA pooled the results of 430 individual studies that examined environment-related behaviors such as recycling or choosing a mode of transportation—and that looked into changing those behaviors through several interventions, including financial incentives and educational campaigns. The authors analyzed how six different types of interventions compared with one another in their ability to influence real-world behavior and at how five behaviors compared in terms of how easy they were to change.

As can be seen in the graphic below, financial incentives and social pressure worked better at changing behaviors than did education or feedback (for example, reports of one’s own electricity use). The results reinforced what environmental psychologists have found when looking at these interventions in isolation…(More)”.

Chart shows effect sizes of various intervention approaches for promoting sustainable behaviors, with education having the smallest effect and social comparison having the largest.
Credit: Amanda Montañez; Source: “Field Interventions for Climate Change Mitigation Behaviors: A Second-Order Meta-Analysis,” by Magnus Bergquist et al., in Proceedings of the National Academy of Sciences USA, Vol. 120, No. 13, Article No. e2214851120. Published online March 21, 2023

Africa fell in love with crypto. Now, it’s complicated


Article by Martin K.N Siele: “Chiamaka, a former product manager at a Nigerian cryptocurrency startup, has sworn off digital currencies. The 22-year-old has weathered a layoff and lost savings worth 4,603,500 naira ($9,900) after the collapse of FTX in November 2022. She now works for a corporate finance company in Lagos, earning a salary that is 45% lower than her previous job.

“I used to be bullish on crypto because I believed it could liberate Africans financially,” Chiamaka, who asked to be identified by a pseudonym as she was concerned about breaching her contract with her current employer, told Rest of World. “Instead, it has managed to do the opposite so far … at least to me and a few of my friends.”

Chiamaka is among the tens of millions of Africans who bought into the cryptocurrency frenzy over the last few years. According to one estimate in mid-2022, around 53 million Africans owned crypto — 16.5% of the total global crypto users. Nigeria led with over 22 million users, ranking fourth globally. Blockchain startups and businesses on the continent raised $474 million in 2022, a 429% increase from the previous year, according to the African Blockchain Report. Young African creatives also became major proponents of non-fungible tokens (NFTs), taking inspiration from pop culture and the continent’s history. Several decentralized autonomous organizations (DAOs), touted as the next big thing, emerged across Africa…(More)”.

End of data sharing could make Covid-19 harder to control, experts and high-risk patients warn


Article by Sam Whitehead: “…The federal government’s public health emergency that’s been in effect since January 2020 expires May 11. The emergency declaration allowed for sweeping changes in the U.S. health care system, like requiring state and local health departments, hospitals, and commercial labs to regularly share data with federal officials.

But some shared data requirements will come to an end and the federal government will lose access to key metrics as a skeptical Congress seems unlikely to grant agencies additional powers. And private projects, like those from The New York Times and Johns Hopkins University, which made covid data understandable and useful for everyday people, stopped collecting data in March.

Public health legal scholars, data experts, former and current federal officials, and patients at high risk of severe covid outcomes worry the scaling back of data access could make it harder to control covid.

There have been improvements in recent years, such as major investments in public health infrastructure and updated data reporting requirements in some states. But concerns remain that the overall shambolic state of U.S. public health data infrastructure could hobble the response to any future threats.

“We’re all less safe when there’s not the national amassing of this information in a timely and coherent way,” said Anne Schuchat, former principal deputy director of the Centers for Disease Control and Prevention.

A lack of data in the early days of the pandemic left federal officials, like Schuchat, with an unclear picture of the rapidly spreading coronavirus. And even as the public health emergency opened the door for data-sharing, the CDC labored for months to expand its authority.

Eventually, more than a year into the pandemic, the CDC gained access to data from private health care settings, such as hospitals and nursing homes, commercial labs, and state and local health departments…(More)”. See also: Why we still need data to understand the COVID-19 pandemic

Why we need applied humanities approaches


Article by Kathryn Strong Hansen: “Since the term “applied humanities” is not especially common, some explanation may be helpful. Applied humanities education prepares students to use humanities knowledge and methods in practice rather than only in theory. As the University of Arizona’s Department of Public and Applied Humanities puts it, the goal is “public enrichment and the direct and tangible improvement of the human condition.” While this goal undoubtedly involves “intrahumanities” outputs like museum and exhibit curation or textual editing, public enrichment through the humanities can also be pursued through science and engineering curricula.

The direct goal of much science education is improving the human condition, such as CRISPR developments opening up possibilities for gene therapies. Similarly, good engineering seeks to improve the human condition, like the LEED-certified building methods that minimize negative impacts on the environment.

Since the humanities concern themselves with the human experience in all its facets, they can offer much to STEM endeavors, and applied humanities approaches have been implemented for many decades. One of the most established applied humanities pursuits is applied linguistics, which has existed as a field of study since about 1948. Another useful and growing example is that of the medical humanities, which provide medical practitioners with training that can help them interact more effectively with patients and navigate the emotional impact of their profession.

While applied approaches might be less widespread or established in other humanities fields, they are just as needed. In part, they are needed because the skills and knowledge of humanities scholars can help students in a multiplicity of fields, including STEM disciplines, to improve their understanding of their subject matter and how it connects to society at large…(More)”.

How to worry wisely about AI


The Economist:  “Should we automate away all the jobs, including the fulfilling ones? Should we develop non-human minds that might eventually outnumber, outsmart…and replace us? Should we risk loss of control of our civilisation?” These questions were asked last month in an open letter from the Future of Life Institute, an ngo. It called for a six-month “pause” in the creation of the most advanced forms of artificial intelligence (ai), and was signed by tech luminaries including Elon Musk. It is the most prominent example yet of how rapid progress in ai has sparked anxiety about the potential dangers of the technology.

In particular, new “large language models” (llms)—the sort that powers Chatgpt, a chatbot made by Openai, a startup—have surprised even their creators with their unexpected talents as they have been scaled up. Such “emergent” abilities include everything from solving logic puzzles and writing computer code to identifying films from plot summaries written in emoji…(More)”.

AI translation is jeopardizing Afghan asylum claims


Article by Andrew Deck: “In 2020, Uma Mirkhail got a firsthand demonstration of how damaging a bad translation can be.

A crisis translator specializing in Afghan languages, Mirkhail was working with a Pashto-speaking refugee who had fled Afghanistan. A U.S. court had denied the refugee’s asylum bid because her written application didn’t match the story told in the initial interviews.

In the interviews, the refugee had first maintained that she’d made it through one particular event alone, but the written statement seemed to reference other people with her at the time — a discrepancy large enough for a judge to reject her asylum claim.

After Mirkhail went over the documents, she saw what had gone wrong: An automated translation tool had swapped the “I” pronouns in the woman’s statement to “we.”

Mirkhail works with Respond Crisis Translation, a coalition of over 2,500 translators that provides interpretation and translation services for migrants and asylum seekers around the world. She told Rest of World this kind of small mistake can be life-changing for a refugee. In the wake of the Taliban’s return to power in Afghanistan, there is an urgent demand for crisis translators working in languages such as Pashto and Dari. Working alongside refugees, these translators can help clients navigate complex immigration systems, including drafting immigration forms such as asylum applications. But a new generation of machine translation tools is changing the landscape of this field — and adding a new set of risks for refugees…(More)”.