Podcasts about sensibility what economics can learn

Northwestern University President Morton Schapiro and Professor Gary Saul Morson are the Authors of Minds Wide Shut: How the New Fundamentalisms Divide Us join Skoo Walker and Pete Jansons to chat about their latest book as well as other issues facing society Quotes: GSM " You cannot make people less extreme by insulting them" (Hillary Clinton) GSM/MS "Trump was a symptom, not a cause" GSM "You look for the best argument from the other side, not the worst" MS/GSM/Tolstoy/Game of Thrones "In a world filled with uncertainty what matters most is not the plant but alertness... And for Alertness you need sleep" MS " NU is 75k All in and 1/3 of NU Students pay less than 10% of that price. 10-15% of all private/non for profit/universities pay full price tuition GSM "It would not surprise me if in 10 years we will be going to Russia for freedom... not because they are freer but because we will be worse off than they will be" MS "Jan 6th will be the low point of America for generations" GSM "My job is to get kids to love literature" MS " Blanket forgiving of Student Debt would be very regressive" Topics: President Schapiro will be ending his 22 year run as NU President next year (when the average is 6.5 years) The decline in respectable dialogue What event can bring the USA together? Liberal Bias by professors? MOOC Massive Open Online Courses Flipped Classroom Cents and Sensibility: What Economics Can Learn from the Humanities 1.6 Billion in Student Loan Debt https://press.princeton.edu/books/hardcover/9780691214917/minds-wide-shut https://press.princeton.edu/books/paperback/9780691183220/cents-and-sensibility Have an idea for a topic or guest? pete@NorthShorePodcast.com --- Send in a voice message: https://anchor.fm/pete-jansons3/message

What are the benefits of interdisciplinary research for educators in terms of gaining a deeper understanding of the larger issues that affect their field? The noted literary critic Gary Saul Morson and leading economist Morton Schapiro discuss how humanities, especially literature, offer economists ways to make their models more human, their predictions more accurate, and their policies more effective and fair. Their book Cents And Sensibility provided critical insights and lessons during this episode. The discussion explored ways the study of literature helps people gain new insights into truth, right and wrong through literary characters. In addition, they provide some insights into how economists and other scientific disciplines can express the context of their work more effectively by following the same approach.Listen to the exciting conversations they have with host Greg LaBlanc about why students aren't exposed to literature in meaningful ways before entering a university. An even more captivating discussion was held on funding humanities as a discipline and its effect on students' career prospects.You won't want to miss the remainder of the episode as they explore how economics is evolving, how science co-exists with the humanities, and what makes literature so special that it helps develop empathy.Episode Quotes:Does interdisciplinary work really require understanding where one discipline ends and begins?"If you look at the paperback of Cents and Sensibility, we lead off with the results of a survey that we hadn't been aware of until one of the reviews came out, and it had asked people in different disciplines. These are professors in the United States. Is there anything to learn from fields other than your own? And you know, 79% of psychology professors said, sure, there is. I'm shocked that it wasn't 95. But anyway, 73% of sociologists and, you know, as soon as generally among the social scientists, 70 to 80% said, yes. There was one notable outlier, and that was only 42% of economists said there was anything they can learn from other fields [...] And it really is about intellectual humility, dialogue, and getting out of your, away from your echo chambers and doing better work by being more open to what you can learn from other fields." —Morton Schapiro"Yeah, we were trying to distinguish real interdisciplinarity from something that is sometimes mistaken for it. That a discipline is not just a subject matter, it's a way of seeing the world, defining certain questions as interesting and specifying, what kind of evidence would count and what assumptions are made when you start out. That's a whole different worldview. And what we're trying to suggest is that something can be learned when two different disciplines and needs of two different ways of seeing things examine the same subject matter and can profit from each other's shortcomings." —Gary Saul MorsonIs economics too watered down to a point where it's no longer objectionable and is applied to all human behavior? Or is it necessary to make claims that are challenging?"What I'm saying is that what I love about the field of economics is we do our analysis, and we do our mathematical models, and we see how it comes out. We don't write the conclusion before we do our analysis. There's always a temptation to do that.." —Morton Schapiro"To contrast that with the limitations of my own field, I have never seen an article in literary criticism that reported I had this hypothesis, but I investigated, and the evidence didn't bear it out. You have an idea, and you don't test it; you illustrate it. What's always struck me as very familiar. Any theory, any idiotic theory, can be illustrated. The test of a theory is not the evidence, but the counter-evidence" —Gary Saul MorsonWhy aren't students exposed to literature in meaningful ways, even before they're at university?"I asked them (the students) how they've taught literature in secondary school. I always get three answers in descending frequency. The most frequent is that they've been taught as a kind of technical exercise. The second most common way is to start with the presumption that our values of our social class today. You can't learn that you're correct. And everyone else is wrong.So again, there's no reason to read it. So each of these methods leaves the student with a sense that reading literature is uninteresting, none of them." —Gary Saul MorsonWhy should the government invest in education, faculty, research, and literature when it's not going to produce people who can go out and get jobs?I'll tell you, and it's really overblown in the media that people with humanities degrees are lost in the labor force. I think if done right. They learn how to learn. They learn how to communicate, and that's probably why their earnings are much higher than people would expect, but it takes a number of years. —Morton Schapiro"Why should the state legislature support pure mathematics, which has no application? Areas of physics that will never be used? That's an equivalent question. If knowledge is valuable in itself, it will have an indirect effect. A culture where people understand each other, empathize with each other, see things from different points of view, which is what literature would teach. It's not going to wind up with people hating anybody who differs from them. That's what literature should do, and we badly need it right now." —Gary Saul MorsonWhat is so special about literature it helps build empathy?"We mentioned something similar in the book, trying to get out of your own self, trying to truly understand what it's like to be a different gender, sexuality, sexual expression, race, ethnicity. And I think I would say, most importantly, a different sense of right and wrong. I happened to be observant too. There's a certain view that's informed by my weekly study of the Hebrew Bible, but I love reading great fiction. Where somebody has a very different view of morality from mine, and it helps me understand why I believe certain things, and maybe I should believe other things. And I don't think anything is better than fiction." —Morton Schapiro"People think of what you do when you read a great novel, you identify with a character. The author gets you to see the world from the heroine's perspective. You understand how she's making the decision, what she's thinking, what you can't do with people in real life. You can't trace their thoughts and feelings. You understand all the things that are not said. The person is thinking [...], and you do this for hundreds and hundreds of pages, and you make a habit when you do it with several different people with different points of view." —Gary Saul MorsonShow Links:About Gary Saul MorsonGary's Profile at Northwestern UniversityGary's Profile on the American ScholarGary on LinkedInAbout Morton SchapiroMorton's Profile at Northwestern UniversityTheir Work:Minds Wide Shut: How the New Fundamentalisms Divide UsCents and Sensibility: What Economics Can Learn from the HumanitiesThe Fabulous Future?: America and the World in 2040

The vast chasm between classical economics and the humanities is widely known and accepted. They are profoundly different disciplines with little to say to one another. Such is the accepted wisdom. Fortunately, Professors Gary Saul Morson and Morton Schapiro, both of Northwestern University, disagree.  In their new book, Cents and Sensibility: What Economics Can Learn from the Humanities (Princeton University Press, 2017), they argue that the mathematically rigid world of classical economics actually has a lot to learn from the world of great literature. Specifically, they argue that “original passions” (the term is from an overlooked work of Adam Smith) in the form of culture, story telling, and addressing ethical questions are found in great works of literature, but lacking in modern economic theory. Good judgment, they write, “cannot be reduced to any theory or set of rules.” Along the way, they weave together Adam Smith, Lev Tolstoy, Jared Diamond, college admissions practices, the US News and World Report rankings, and the family.  This is an ambitious and original work. Many will disagree with it, but few will be able to put it down. Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

The vast chasm between classical economics and the humanities is widely known and accepted. They are profoundly different disciplines with little to say to one another. Such is the accepted wisdom. Fortunately, Professors Gary Saul Morson and Morton Schapiro, both of Northwestern University, disagree.  In their new book, Cents and Sensibility: What Economics Can Learn from the Humanities (Princeton University Press, 2017), they argue that the mathematically rigid world of classical economics actually has a lot to learn from the world of great literature. Specifically, they argue that “original passions” (the term is from an overlooked work of Adam Smith) in the form of culture, story telling, and addressing ethical questions are found in great works of literature, but lacking in modern economic theory. Good judgment, they write, “cannot be reduced to any theory or set of rules.” Along the way, they weave together Adam Smith, Lev Tolstoy, Jared Diamond, college admissions practices, the US News and World Report rankings, and the family.  This is an ambitious and original work. Many will disagree with it, but few will be able to put it down. Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

The vast chasm between classical economics and the humanities is widely known and accepted. They are profoundly different disciplines with little to say to one another. Such is the accepted wisdom. Fortunately, Professors Gary Saul Morson and Morton Schapiro, both of Northwestern University, disagree.  In their new book, Cents and Sensibility: What Economics Can Learn from the Humanities (Princeton University Press, 2017), they argue that the mathematically rigid world of classical economics actually has a lot to learn from the world of great literature. Specifically, they argue that “original passions” (the term is from an overlooked work of Adam Smith) in the form of culture, story telling, and addressing ethical questions are found in great works of literature, but lacking in modern economic theory. Good judgment, they write, “cannot be reduced to any theory or set of rules.” Along the way, they weave together Adam Smith, Lev Tolstoy, Jared Diamond, college admissions practices, the US News and World Report rankings, and the family.  This is an ambitious and original work. Many will disagree with it, but few will be able to put it down. Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

The vast chasm between classical economics and the humanities is widely known and accepted. They are profoundly different disciplines with little to say to one another. Such is the accepted wisdom. Fortunately, Professors Gary Saul Morson and Morton Schapiro, both of Northwestern University, disagree.  In their new book, Cents and Sensibility: What Economics Can Learn from the Humanities (Princeton University Press, 2017), they argue that the mathematically rigid world of classical economics actually has a lot to learn from the world of great literature. Specifically, they argue that “original passions” (the term is from an overlooked work of Adam Smith) in the form of culture, story telling, and addressing ethical questions are found in great works of literature, but lacking in modern economic theory. Good judgment, they write, “cannot be reduced to any theory or set of rules.” Along the way, they weave together Adam Smith, Lev Tolstoy, Jared Diamond, college admissions practices, the US News and World Report rankings, and the family.  This is an ambitious and original work. Many will disagree with it, but few will be able to put it down. Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com

The vast chasm between classical economics and the humanities is widely known and accepted. They are profoundly different disciplines with little to say to one another. Such is the accepted wisdom. Fortunately, Professors Gary Saul Morson and Morton Schapiro, both of Northwestern University, disagree.  In their new book, Cents and Sensibility: What Economics Can Learn from the Humanities (Princeton University Press, 2017), they argue that the mathematically rigid world of classical economics actually has a lot to learn from the world of great literature. Specifically, they argue that “original passions” (the term is from an overlooked work of Adam Smith) in the form of culture, story telling, and addressing ethical questions are found in great works of literature, but lacking in modern economic theory. Good judgment, they write, “cannot be reduced to any theory or set of rules.” Along the way, they weave together Adam Smith, Lev Tolstoy, Jared Diamond, college admissions practices, the US News and World Report rankings, and the family.  This is an ambitious and original work. Many will disagree with it, but few will be able to put it down. Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

The vast chasm between classical economics and the humanities is widely known and accepted. They are profoundly different disciplines with little to say to one another. Such is the accepted wisdom. Fortunately, Professors Gary Saul Morson and Morton Schapiro, both of Northwestern University, disagree.  In their new book, Cents and Sensibility: What Economics Can Learn from the Humanities (Princeton University Press, 2017), they argue that the mathematically rigid world of classical economics actually has a lot to learn from the world of great literature. Specifically, they argue that “original passions” (the term is from an overlooked work of Adam Smith) in the form of culture, story telling, and addressing ethical questions are found in great works of literature, but lacking in modern economic theory. Good judgment, they write, “cannot be reduced to any theory or set of rules.” Along the way, they weave together Adam Smith, Lev Tolstoy, Jared Diamond, college admissions practices, the US News and World Report rankings, and the family.  This is an ambitious and original work. Many will disagree with it, but few will be able to put it down. Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @Back2BizBook or at http://www.strategicdividendinvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

From Brexit to Russia’s self-destructive response to U.S. sanctions, economists’ predictions have missed the mark recently on several important fronts. So what can be done to make economic models more accurate and more reflective of actual human behavior? In their new book, “Cents and Sensibility: What Economics Can Learn from the Humanities,” Northwestern University president and economics professor Morton Schapiro and Slavic languages and literatures professor Gary Saul Morson discuss how the field of economics would benefit from collaboration with scholars of literature and the humanities. Purchase a hardcopy or e-book edition of "Cents and Sensibility: What Economics Can Learn from the Humanities" through Princeton University Press.