¿Occupy Harvard?

Economic students walked out a class at Harvard in solidarity with the Occupy Movement. It is normal that the students, who are going to live gloomy lives thanks to it, feel uneasy with the promotion of principles that have cause current global crisis. But that is not that clear.

The faculty chosen as a target was professor N. Gregory Mankiw, a New Keynesian economist that advised George Bush and has written some of the most important text books on the subject. University politics are always unpredictable. Not so long ago, Harvard Crimson celebrated the return of former president Larry Summers, previously fired for sexism, and one of the main responsible for laissez-faire fever. Now, a Keynesian gets the punch. In a previous post (The responsibility of Number One) I compared the reaction of the London School of Economics and Harvard in front of ethically controversial cases. It's in Spanish here.

In spite all the trouble this event may cause, it is encouraging that Harvard students think that "Harvard students will not do that anymore. We will use our education for good, and not for personal gain at the expense of millions." Here is the link to the news by the Universtity of Phoenix and here by Harvard Crimson.

Crisis in Slow Motion

Crisis is not over, it does not matter what politicians keep on saying around the world. For example, banks are going to give the biggest bonus ever: after all, their executives made them win tons of money without big punishments from the government or the public. The news at The Guardian confirms this.

On the other hand, the bests universities have also their responsibilities in all this madness. Larry Summers is an example of the connexions between Academia, Wall Street and Government: the news at The Chronicle confirms this too.

Neither universities, nor great business schools, have given any explanation about their complicity, maybe because it is taking place right now, almost in slow motion.

Principles against poison

Yes, I know that I have already linked Ouroussoff's article in a recent post. The thing is that I have read the article again (thanks to a reader of the blog from New Zealand) and have decided to give it its own space.

The most "delirious era in architecture" is not going to be over just like that: years, maybe decades will be needed to overcome this "poisonous cocktail of vanity and self-delusion" (Ouroussoff).

By the way, have you notice that there is a consensus about "desintoxication" (see post under this) and "poisons" in the realm of contemporary form creation...?

Mirar para otro lado

The newspaper of Segovia has published and article of mine (in Spanish) that relates the financial and the architectural crisis. The main idea is that the utopia did not started with Fukuyama's "end of the history" but with the oil embargo of the OPEC in 1973. There are two more articles on the subject that are specially interesting: Joe Nocera points out in The New York Times the fallacy of the rationality of markets and Ignacio Sotelo, in El Pais, explains (in Spanish too) the differences between current crisis and the 1929's crack.

The Roaring Nineties in Architecture

In his book The Roaring Nineties professor Joseph Stiglitz, Nobel Prize of Economy 2001, compares current situation (in 2003) to the time that drove the world into the Great Depression. Those days produced excesses in the economy and in architecture. It is true that at the same time the best modern architecture was built then (for example the Barcelona Pavilion and the Villa Savoye). In our times some virtual architecture is going to be considered an example of an "era of vulgarity and ambition" (read this article in the New York Times). Arup, the company that has built almost everyone of the frivolous and scandalous building of the recent “starchitecture” considers a rectification is on its way because of the financial crisis:

“One thing that has slightly disappointed me in the broad architectural world of late, and I think the difficult financial situation we all find ourselves in is going to improve this, is that I think some architecture became quite frivolous, it was doing things that were slightly crazy, just because we could.”

Philip Dilley, Chairman Arup

Nevertheless, there are some other critics who do defend the Star System leaning on a sort of architectural version of the "Trickle-down" theory of the neoliberal economy: Spectacle-Architecture supposedly benefits everybody as "it has opened up possibilities for the young and lesser known". Isn't that interesting?

A lasting crisis

The cuts in education expenses, as a measure against current financial crisis, is a sign that the way out of it is not even near.

The despotism of instrumental rationality is still in charge, I am afraid. In a recent article in El País Paul Krugman explains the idea of the Homo economicus, "whose preferences can be expressed mathematically". The world’s view that has driven our lives in the West for almost the last two centuries is based in the negation of the internal contradiction of human nature. Orient has taken the lead in that sense.

For avant-garde artists art is the solution of human internal contradictions in a satisfactory way: the three coordinates of reason, desire and feeling (Ozenfant). I am convinced of the necessity of understanding artistic way of thinking as a way of re-funding humanism in the 21st century.

Only through education our mentality will evolve. If we do not learn to respect emotions, we will never have a truly model of human behavior and no reliable economic and political planning would be possible. In the webpage of Krugman there are lots of his best articles for free.

Formalism and reflexivity in Economy, not in Architecture

Krugman, by Alan Cordova, Flickr

Georges Soros, adam kesher2000, Flickr

A good thing of current global financial crisis is that it promotes attention to how the world is ruled. Last century John Maynard Keynes said that "little else" than Economy and Political Philosophy does (General Theory, 1936).

It has always been obvious to me that Art and Aesthetics is lacking in this list. Actually, I find surprising that "formalism" and "reflexivity" are terms of great interest in economical debate. Brand new Nobel Prize Paul Krugman and George Soros defend each concept in that arena.

At the end of his book "The Enlightenment´s Wake", John Gray bases his hopes for the future of "western cultures" in the introduction of "some varieties of poetry and mysticism" in modern modes of thinking. Wouldn´t be easier to re-shape our idea of modernity and to include the third aspect of human constituttion Kant discovered in his third Critique: the aesthetic autonomy againt reason and ethics?

Global or Western Crisis?

Photo by El Adelantado de Segovia

There is not a better way of coming back to work (and reality) than to plunge into the Hay Festival in Segovia. Global Crisis: is the world economic system out of control? was the event held on Friday.

At the beginning, the moderator Adam Austerfield (LSE) said that people blame them (economists) for the crisis, and that that was unfair. I agree that economists are not the only to blame as almost everybody finds extremely difficult to think about the way we all think. The root of the crisis is exactly there: current western mentality in which we all are involved.

This crisis is consequence of thinking that mathematics, which is at the base of economy, is able to solve human problems stand-alone. On Friday, in Segovia, the ideal of humanity as a balance between rationality, ethics and aesthetics was truly far away: while the public used their chance asking where to put the money, Danny Quah, the expert in economics from the LSE, simply recommended the Golf Countries without the slightest sign of regret.

This crisis will be solved, no doubt. But the risk of not rectifying our mentality is going to be the prevalence of the political version of the Gresham Law John Gray exposed in his False Dawn: bad capitalism is going to expel good one. By the way, Gray thinks that this is not just another crisis but the fall of USA just as the Soviet Union did when the Berlin Wall came down. Here is the article at The Guardian in which he says so few days ago.