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My excellent Conversation with Harvey Mansfield

2026-03-19 12:47:28

Here is the audio, video, and transcript.  Here is part of the episode summary:

Tyler and Harvey discuss how Machiavelli’s concept of fact was brand new, why his longest chapter is a how-to guide for conspiracy, whether America’s 20th-century wars refute the conspiratorial worldview, Trump as a Shakespearean vulgarian who is in some ways more democratic than the rest of us, why Bronze Age Pervert should not be taken as a model for Straussianism, the time he tried to introduce Nietzsche to Quine, why Rawls needed more Locke, what it was like to hear Churchill speak at Margate in 1953, whether great books are still being written, how his students have and haven’t changed over 61 years of teaching, the eclipse rather than decline of manliness, and what Aristotle got right about old age and much more.

Excerpt:

COWEN: From a Straussian perspective, where’s the role for the skills of a good analytic philosopher? How does that fit into Straussianism? I’ve never quite understood that. They seem to be very separate approaches, at least sociologically.

MANSFIELD: Analytic philosophers look for arguments and isolate them. Strauss looks for arguments and puts them in the context of a dialogue or the implicit dialogue. Instead of counting up one, two, three, four meanings of a word, as analytic philosophers do, he says, why is this argument appropriate for this audience and in this text? Why is it put where it was and not earlier or later?

Strauss treats an argument as if it were in a play, which has a plot and a background and a context, whereas analytic philosophy tries to withdraw the argument from where it was in Plato to see what would we think of it today and what other arguments can be said against it without really wanting to choose which is the truth.

COWEN: Are they complements or substitutes, the analytic approach and the Straussian approach?

MANSFIELD: I wouldn’t say complements, no. Strauss’s approach is to look at the context of an argument rather than to take it out of its context. To take it out of its context means to deprive it of the story that it represents. Analytic philosophy takes arguments out of their context and arranges them in an array. It then tries to compare those abstracted arguments.

Strauss doesn’t try to abstract, but he looks to the context. The context is always something doubtful. Every Platonic dialogue leaves something out. The Republic, for example, doesn’t tell you about what people love instead of how people defend things. Since that’s the case, every argument in such a dialogue is intentionally a bad argument. It’s meant for a particular person, and it’s set to him.

The analytic philosopher doesn’t understand that arguments, especially in a Platonic dialogue, can deliberately be inferior. It easily or too easily refutes the argument which you are supposed to take out of a Platonic dialogue and understand for yourself. Socrates always speaks down to people. He is better than his interlocutors. What you, as an observer or reader, are supposed to do is to take the argument that’s going down, that’s intended for somebody who doesn’t understand very well, and raise it to the level of the argument that Socrates would want to accept.

So to the extent that all great books have the character of this downward shift, all great books have the character of speaking down to someone and presenting truth in an inferior but still attractive way. The reader has to take that shift in view and raise it to the level that the author had. What I’m describing is irony. What distinguishes analytic philosophy from Strauss is the lack of irony in analytic philosophy. Philosophy must always take account of nonphilosophy or budding philosophers and not simply speak straight out and give a flat statement of what you think is true.

To go back to Rawls, Rawls based his philosophy on what he called public reason, which meant that the reason that convinces Rawls is no different from the reason that he gives out to the public. Whereas Strauss said reason is never public or universal in this way because it has to take account of the character of the audience, which is usually less reasonable than the author.

And yes he does tell us what Straussianism means and how to learn to be a Straussian.  From his discussion you will see rather obviously that I am not one.  Overall, I found this dialogue to be the most useful source I have found for figuring out how Straussianism fits into other things, such as analytics philosophy, historical reading of texts, and empirical social science.

Perhaps the exchange is a little slow to start, but otherwise fascinating throughout.  I am also happy to recommend Harvey’s recent book The Rise and Fall of Rational Control: The History of Modern Political Philosophy.

The post My excellent Conversation with Harvey Mansfield appeared first on Marginal REVOLUTION.

*Recession*, by Tyler Goodspeed

2026-03-19 02:19:25

The subtitle is The Real Reasons Economies Shrink and What To Do About It.  Here is from the book’s summary:

Contrary to popular perception, recessions are not the inevitable bust that follows an unsustainable boom, and they do not operate like wildfires that clear out economic deadwood. Recessions are caused by adverse shocks like war and energy price spikes; and far from unleashing gales of creative destruction, post-recession economic growth typically resumes the same trend as before—all pain, no gain.

The book covers American history and focuses on verbal exposition of the theory, not mathematics.  Overall, Goodspeed provides an underrated perspective in an era where 2008-2009 led people to become overly obsessed with issues of aggregate demand.  Our current presidency may be curing this however!

The post *Recession*, by Tyler Goodspeed appeared first on Marginal REVOLUTION.

International Comparison of Physician Incomes

2026-03-18 14:41:47

We compare physician incomes using tax data from the United States, Canada, Sweden, and the Netherlands. Physicians are concentrated in the top percentiles of the income distribution in all four countries, especially in the United States and certain specialties. Physician incomes are highest in the United States, and a decomposition shows that this mainly reflects differences in overall income distributions, rather than physicians’ locations in those distributions. This suggests that broader labor market differences, and thus physicians’ outside options, drive absolute incomes. Shifting US physicians’ incomes to match relative positions in other countries’ distributions would only marginally reduce healthcare spending.

By Aidan Buehler, et.al., from a new NBER working paper.

The post International Comparison of Physician Incomes appeared first on Marginal REVOLUTION.

Some simple economics of AI?

2026-03-18 12:41:05

AI lowers the cost of building businesses. But it raises the bar for sustaining advantage. More companies can start. Fewer can dominate.

That implies greater dispersion. More volatility. Less structural concentration. A market that rewards adaptability rather than mere size.

And it raises the question that follows logically from duration compression: if software moats erode faster, where does durable advantage reconcentrate? The answer may be in the places that resist compression, physical infrastructure, energy constraints, material bottlenecks, regulatory barriers. The assets that cannot be replicated with model access and API credits. The things that still require time.

Equity does not disappear in this world.

It transforms.

From ownership of stability to exposure to speed.

From franchises to call options.

And that is the structural shift beneath the surface panic, the real story unfolding in the Age of Agents.

Here is more from Jordi Visser.

The post Some simple economics of AI? appeared first on Marginal REVOLUTION.

One reason why South Africa is difficult to govern (South Africa fact of the day)

2026-03-18 02:38:53

South Africa holds the grim distinction of being the most unequal country on Earth. South Africa leads the global ranking with a Gini index of 0.63. Statista The richest 10% of South Africans hold 71% of the wealth, while the poorest 60% hold just 7%. World Population Review This extreme inequality is largely rooted in history — economists attribute it to historical land ownership laws, the lingering socio-economic impacts of apartheid, and an economy heavily reliant on undiversified natural resource extraction. Data Pandas

The World (Global Gini) is trickier to pin down, because it measures inequality across all of humanity rather than within a single country. Different scholars estimate the global Gini index to range between 0.61 and 0.68. Wikipedia Interestingly, when measured this way — treating every person on Earth as part of one big “country” — global inequality ends up being comparable to South Africa’s, because the gap between the world’s richest and poorest nations is enormous.

That is from Claude.

The post One reason why South Africa is difficult to govern (South Africa fact of the day) appeared first on Marginal REVOLUTION.