unSILOed with Greg LaBlanc

494. The Limits of Liberal Rationalism feat. William Davies

Dec 23, 2024
William Davies, a Professor of Politics at Goldsmiths University of London, dives into the interplay of data-driven decision-making and its implications for democracy. He discusses the erosion of public trust in elites, fueled by past crises and the rise of conspiracy theories. The conversation also addresses how advancements in behavioral economics are reshaping our understanding of happiness and prosperity, highlighting the paradox of economic growth alongside increasing dissatisfaction. Ultimately, Davies advocates for genuine well-being over superficial solutions.
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INSIGHT

Social Sciences' Predictive Limitations

  • Social sciences, like Newtonian mechanics, aim to predict human behavior.
  • This approach, however, overlooks the complexity of human societies and leads to unexpected crises.
INSIGHT

Behavioral Economics and Control

  • Behavioral economics, while offering nuanced understanding, can become a tool for control.
  • Expanding data availability empowers this control, as seen with platform capitalism's predictive algorithms.
INSIGHT

Management Theory's Pendulum

  • Management theory cycles between rationalism (like Taylorism) and irrationalism (like the human relations approach).
  • Big data and the quantified self movement fuel a new wave of rationalist hubris, focused on predicting behavior through data.
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