Index Investing News
Thursday, April 2, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

A Proposed Modification to David Hume

by Index Investing News
March 19, 2025
in Economy
Reading Time: 2 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


In his essay “Of the Independency of Parliament” (first revealed c. 1741), David Hume defends the Enlightenment concept that constitutions ought to assume that people, together with politicians, are self-interested and that rulers will attempt to abuse their energy. A well-known passage reads:

In constraining any system of presidency and fixing the a number of checks and controuls of the structure, every man should be supposed a knave, and to don’t have any different finish, in all of his actions, than personal curiosity.

Consequently, a structure should be knavish, that’s, set up checks and balances in a approach that the self-interest of some (Hume mentions the chief) will constrain the self-interest of others (within the legislature). Up to date public alternative principle additional emphasizes that political evaluation should assume that politicians are as self-interested as bizarre people. (The reader concerned about a protection of “knavish constitutions” might seek the advice of Brian Kogelmann, “In Protection of Knavish Constitutions,” Public Selection, 196 [2023], pp. 141-156.)

Pehaps Hume underestimated the potential risk from the chief govt, particularly in immediately’s context of an inordinately highly effective state. The chief govt could possibly be extra harmful than a knave if he occurs to have character defects or cognitive deficits. If Hume got here again to life, I might respectfully recommend that he is likely to be extra specific about politicians on the helm of the state and add one thing like:

It isn’t unimaginable {that a} ruler, elected or not, be an ignorant fool.

Hume should have recognized the hazard. Caligula (emperor from 37 to 41 AD) pretended to be a god. A “mad and unpredictable tyrant,” he was assassinated by a member of his Praetorian Guard. Nero (reigned 54-68 AD), delivered to the supreme magistrature by the Praetorian Guard (“the Senate thus needed to settle for a fait accompli,” writes Britannica), had his personal mom and his first spouse assassinated. He gave public performances as a poet and lyre participant. After a revolt on the frontier, he reportedly mentioned, “I’ve solely to look and sing to have peace as soon as extra in Gaul.”

Hume may reject my proposed modification as too polemical for his scholarly demeanor. I might level out that “knave” was a really robust and pejorative phrase on the time he was writing, and that he emphasised it in his essay; and that my proposed addendum merely highlights the hazard of non-public energy.

******************************

Statue of David Hume in Edinburgh



Source link

Tags: AmendmentDavidHumeproposed
ShareTweetShareShare
Previous Post

Pioneering Sustainable Power Options in Africa — World Points

Next Post

After Trump, the world in 2028

Related Posts

Shutting Hormuz is a template for China in Taiwan

Shutting Hormuz is a template for China in Taiwan

by Index Investing News
April 1, 2026
0

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the...

Ritholtz Wealth Management Is Coming to San Francisco!   

Ritholtz Wealth Management Is Coming to San Francisco!   

by Index Investing News
March 28, 2026
0

    Ritholtz Wealth Management is heading west. The week of April 16, 2026, our team will be in San...

The Match That Lit the Flame: Hannah Senesh and the Creation of Modern Israel (with Matti Friedman)

The Match That Lit the Flame: Hannah Senesh and the Creation of Modern Israel (with Matti Friedman)

by Index Investing News
March 24, 2026
0

0:37Intro. Russ Roberts: Today is January 18th, 2026, and my guest is journalist and author, Matti Friedman. This is Matti's...

At the Money: Billionaire Divorce Planning

At the Money: Billionaire Divorce Planning

by Index Investing News
March 20, 2026
0

    At the Money: Divorce Planning for the Ultra Wealthy (March 18, 2026) DESCRIPTION:   Divorce is difficult under the...

The Economics of Scarcity and the UNC-Duke Basketball Game (with Michael Munger)

The Economics of Scarcity and the UNC-Duke Basketball Game (with Michael Munger)

by Index Investing News
March 16, 2026
0

0:37Intro. Russ Roberts: Today is January 4th, 2026, and my guest today is Michael Munger. This is Mike's 51st appearance...

Next Post
After Trump, the world in 2028

After Trump, the world in 2028

Traders ditch US shares in ‘bull crash’: Financial institution of America

Traders ditch US shares in 'bull crash': Financial institution of America

RECOMMENDED

Digital ad market shows ‘signs of life’ but economy clouds 2023 outlook By Reuters

Digital ad market shows ‘signs of life’ but economy clouds 2023 outlook By Reuters

October 19, 2022
The Largest Global Energy Companies Ranked By Quality

The Largest Global Energy Companies Ranked By Quality

March 30, 2023
US financial institution regulator offers BlackRock February deadline on financial institution stakes, Bloomberg experiences By Reuters

US financial institution regulator offers BlackRock February deadline on financial institution stakes, Bloomberg experiences By Reuters

January 12, 2025
How you can tell which polls to trust — and why we need to fix our broken system

How you can tell which polls to trust — and why we need to fix our broken system

November 5, 2022
International airways resume Tel Aviv flights after pre-emptive strike

International airways resume Tel Aviv flights after pre-emptive strike

August 26, 2024
US shares finish rollercoaster week again the place they began

US shares finish rollercoaster week again the place they began

August 10, 2024
Donald Trump calls on Jordan and Egypt to simply accept Palestinian refugees to ‘clean-out’ Gaza

Donald Trump calls on Jordan and Egypt to simply accept Palestinian refugees to ‘clean-out’ Gaza

January 26, 2025
The U.Ok. Is Relying On EU Commerce Reset To Bolster Its Public Funds

The U.Ok. Is Relying On EU Commerce Reset To Bolster Its Public Funds

May 9, 2025
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In