Econonmy Essay

4211 Words Feb 16th, 2014 17 Pages
“The question we ask today is not whether our government is too big or too small, but whether it works, whether it helps families find jobs at a decent wage, care they can afford, a retirement that is dignified.”
– Barack Obama

The world is in economic crisis bringing upheaval throughout the planet. Experts disagree about the best ways to manage paths to stability and prosperity for global societies. The severity of the crisis pressures policy makers toward pragmatism, whatever their ideologies. The big question for every leader involves the effectiveness of their intended actions. Will those actions work? The issues before world leaders range from short-term economic recovery necessitated by the failure of capital markets, to long
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Cartwright argues for more realism in pursuing scientific theories to solve human problems. She is particularly concerned about unwarranted resources given to glamour theories that promise to produce universal laws governing the behavior of everything.
The pernicious effects of the belief in the single universal rule of law and the single scientific system are spread across the sciences. Indeed, a good many physicists right now are in revolt. Superstring theory is the new candidate for a theory of everything…The theory consumes resources and efforts that could go into the hundreds of other enterprises in physics that ask different kinds of questions and solve different kinds of problems (p. 16).
Cartwright is concerned that an unrealistic vision of what is possible poses a danger of much waste and little reward in the application of scientific and economic theories. She questions scientific fundamentalism – the tendency to think that all facts, regimented into theoretical schemes which provide accurate predictions in highly structured environments, are exemplary of the way nature is supposed to work (p.25). She denies the universality of laws, advocating instead a dappled world governed by local realism and metaphysical pluralism in which reality is more like the outcome of negotiations between domains than the logical consequence of a system of order (p. 1).…

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