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Public Intellectuals: A Study of Decline. Richard A. Posner (2001) (p. 154)

June 12, 2013

See on Scoop.itMore … or less!

“There is even a vicious cycle at work. The less accurate that public intellectuals are in their assessments or predictions, the less seriously they are taken, which reduces the demand for accuracy, though the cycle is checked by the fact I’ve been emphasizing that the record of their mistakes is not well known. But neither is the record of their successes. Neither record is carefully compiled and studied because few people take their cues from what public intellectuals say. We can imagine a downward spiral bottoming out in a low value-low cost equilibrium. The educated public spends little time, and incurs few other costs, in consuming public intellectuals’ wares and derives correspondingly modest benefits.”

[op. cit., p. 154]

Manuel J. Matos‘s insight:

Ditto!

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