Financial risk relates to the real economy the way propositions relate to actions. Financial positions depend on truth or falseness rather than making something happen in the world. Virtue depends on deeper values than what can be delivered by the fulfillment of incentives. Contracts force reality into propositions, as opposed to experience. This shift from lived life to propositional position-taking is a deep form of alienation. The ancient world seemed to promote a set of values that led to a more palpable form of existence and experience. Soul could refer to something that is not more ethereal than lived life but rather more deeply experienced than propositional life. If the soul is in the blood, it might be because the blood carries our liminal experiences and not our neuronal images.
04 October 2010
Propositions versus reality
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