All of NicholasGruen's Comments + Replies

Thanks Jason, I don't think you've understood what I was trying to get at. 

I'd add that Polanyi worried about the question of the integrity of the fabric of scientific knowledge. That is, he asked what was the ultimate source of a geologist's or a layperson's confidence that the state of the art knowledge in say — x-ray crystallography — had integrity. His concern was that, in science there was nothing analogous to the function of arbitrating prices in markets and between markets to 'keep people honest' in their valuations. 

His answer was what he called his 'theory of overlapping neighbourhoods". It was “held by a multitude ... (read more)

Thanks for the post Jason. Most or all the mechanisms proposed tend to assume that people are self-interested rather than a mix of self-and-other interest. They play to Hobbesian not Aristotelian stereotypes of the way we are. The scientist turned philosopher Michael Polanyi would argue that many of these functions have powerful ethical dimensions and I'd argue that the structures we've put in place, in appealing to self-interest tend to crowd out more ethical motivations. Bureaucracies breed careerism. So I'd want to introduce more randomisation and other... (read more)