The Objective Standard Blog

The Objective Standard Blog

Tuesday, June 23, 2009

Summer Issue of The Objective Standard

The print edition of the Summer issue has been mailed, and the online version has been posted to our website. The contents are:

From the Editor

Letters and Replies

ARTICLES
An Interview with a “Capitalist Pig”: Jonathan Hoenig on Hedge Funds, the Economic Crisis, and the Future of America

Justice Holmes and the Empty Constitution by Thomas A. Bowden

Energy at the Speed of Thought: The Original Alternative Energy Market by Alex Epstein

A Brief History of U.S. Farm Policy and the Need for Free-Market Agriculture by Monica Hughes

The Is–Ought Gap: Subjectivism’s Technical Retreat by Craig Biddle

BOOKS REVIEWED
Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism, by George A. Akerlof and Robert J. Shiller (reviewed by Eric Daniels)

Life Without Lawyers: Liberating Americans From Too Much Law, by Philip K. Howard (reviewed by David Littel)

Fooling Some of the People All the Time Updated and Revised: A Long Short Story, by David Einhorn (reviewed by Daniel Wahl)

The Box: How the Shipping Container Made the World Smaller and the World Economy Bigger, by Marc Levinson (reviewed by Heike Larson)

Getting Things Done: The Art of Stress-Free Productivity, by David Allen (reviewed by Amy Peikoff)

The Objective Standard makes for great summer reading! How about giving gift subscriptions to the active-minded students and graduates in your reach? One mind at a time—that is how to fight for the future.

Enjoy the issue, and have a wonderful summer!

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Monday, January 05, 2009

What to Resolve This New Year by Alex Epstein

Given the devastated state of many Americans’ finances, our New Year’s resolutions will take on greater significance this year. To “get out of debt” was often a casually stated goal to be set as midnight approached and forgotten soon after; today it is rightly recognized as a fundamental necessity of life.

Unfortunately, the New Year’s commitment to self-improvement is widely viewed with cynicism—in part because New Year’s resolutions go so notoriously unmet. After years of watching others—or themselves—excitedly commit to a new goal, only to abandon the quest by March, many come to conclude that New Year’s resolutions are an exercise in futility that should not be taken seriously. “The silly season is upon us,” writes a columnist for the Washington Post, “when people feel compelled to remake themselves with New Year’s resolutions.”

But this attitude is false and self-destructive. Making New Year’s resolutions does not have to be futile—and to make them is not silly. Done seriously, it is an act of profound moral significance that embodies the essence of a life well-lived.

Consider what a New Year’s resolution consists of: we look at where we are in some area of life, think about where we want to be, and then set ourselves a goal to get there. We are tired of feeling chubby and lethargic, say, and want the improved appearance and greater energy level that comes with greater fitness. So we resolve to take up a fun athletic activity—like tennis or a martial art—and plan to do it three times a week.

Is this a laughable act of self-delusion? Hardly. If it were, then how would anyone ever achieve anything in life? In fact, to make a New Year’s resolution is to recognize the undeniable reality that successful goal-pursuit is possible—the reality that everyone at one time or another has set and achieved long-range goals, and profited from doing so. Indeed, not only is it possible to achieve long-range goals, it is necessary for success in life. To make a New Year’s resolution is also to recognize the undeniable reality that secure finances, rewarding careers, and romances do not just happen automatically—that to get what we want in our lives, we must consciously choose and achieve the right goals. We must be goal-directed.

Unfortunately, a goal-directed orientation is missing to a large extent in too many lives. It is all too easy to live life passively, acting without carefully deciding what one is doing with one’s life and why. How many people do you know who are in the career they fell into out of school, even if it is not very satisfying—or who have children at a certain age because that’s what is expected, even if it’s not what they really want—or who spend endless hours of “free time” in front of the TV, since that’s the most readily available form of relaxation—or who follow a life routine that they never really chose and don’t truly enjoy, but which has the force of habit?

Too often, the goal-directedness embodied by New Year’s resolutions is the exception in lives ruled by passively accepted forces—unexamined routine, short-range desires, or alleged duties. It is the passive approach to happiness that makes so many resolutions peter out, lost in the shuffle of life or abandoned due to lost motivation. More broadly than its impact on New Year’s resolutions, the passive approach to happiness is the reason that so many go through life without ever getting—or even knowing—what they really want.

It is a sad irony that those who write off New Year’s resolutions because so many fail reinforces the passive approach to life that causes so many resolutions—and so many other dreams—to fail. The solution to failed New Year’s resolutions is not to abandon the practice, but to supplement it with a broader resolution—a commitment to a goal-directed life.

This New Year’s, resolve to think about how to make your life better, not just once a year, but every day. Resolve to set goals, not just in one or two aspects of life, but in every important aspect and in your life as a whole. Resolve to pursue the goals that will make you successful and happy, not as the exception in a life of passivity, but as the rule that becomes second-nature.

If you do this, you will be resolving to do the most important thing of all: to take your happiness seriously.

Alex Epstein is an analyst at the Ayn Rand Center for Individual Rights, focusing on business issues. The Institute promotes Objectivism, the philosophy of Ayn Rand—author of Atlas Shrugged and The Fountainhead.

Copyright © 2008 Ayn Rand® Center for Individual Rights. All rights reserved.

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Friday, December 05, 2008

The Forthcoming Issue of TOS

The print edition of the Winter issue of The Objective Standard is at press and will be mailed shortly; the online version will be accessible to subscribers beginning December 20. For promotional purposes, “Capitalism and the Moral High Ground” and “Reason or Faith: The Republican Alternative” are available early and to all.

The contents of the Winter issue are:

From the Editor
Letters & Replies

ARTICLES
Capitalism and the Moral High Ground” by Craig Biddle
Reason or Faith: The Republican Alternative” by John David Lewis
“Net Neutrality: Toward a Stupid Internet” by Raymond C. Niles
“Bubble Boy: Alan Greenspan’s Rejection of Reason and Morality” by Gus Van Horn
“The Assault on Energy Producers” by Brian P. Simpson
“Demystifying Newton: The Force Behind the Genius” by Gena Gorlin
“Errors in Inductive Reasoning” by David Harriman

BOOKS REVIEWED
New Deal or Raw Deal? How FDR’s Economic Legacy Has Damaged America by Burton Folsom Jr. (reviewed by Eric Daniels)
Better Day Coming: Blacks and Equality, 1890–2000 by Adam Fairclough (reviewed by Gus Van Horn)

If you have not yet subscribed to TOS, you can do so online or by calling 800-423-6151. And the Standard makes a great Christmas gift for your active-minded friends, colleagues, and relatives. Everyone concerned with the future should be reading this journal today.

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Friday, December 22, 2006

The Meaning of New Year's Resolutions by Alex Epstein

Every New Year's Eve millions of Americans make New Year's resolutions. Whether the resolution is to get out of debt, to spend more time with loved ones, or to quit smoking, these resolutions have one thing in common: they are goals to make our lives better.

Unfortunately, this ritual commitment to self-improvement is widely viewed as something of a joke—in part because New Year's resolutions go so notoriously unmet. After years of watching others—or themselves—excitedly commit to a new goal, only to abandon the quest by March, many come to conclude that New Year's resolutions are an exercise in futility that should not be taken seriously. "The silly season is upon us," writes a columnist for the Washington Post, "when people feel compelled to remake themselves with new year's resolutions."

But such a cynical attitude is false and self-destructive. Making New Year's resolutions does not have to be futile—and to make them is not silly; done seriously, it is an act of profound moral significance that embodies the essence of a life well-lived.

Consider what we do when we make a New Year's resolution: we look at where we are in some area of life, think about where we want to be, and then set ourselves a goal to get there. We are tired of feeling chubby and lethargic, say, and want the improved appearance and greater energy level that comes with greater fitness. So we resolve to take up a fun athletic activity—like tennis or a martial art—and plan to do it three times a week.

Is this a laughable act of self-delusion? Hardly. If it were, then how would anyone ever achieve anything in life? In fact, to make a New Year's resolution is to recognize the undeniable reality that successful goal-pursuit is possible—the reality that everyone at one time or another has set and achieved long-range goals, and profited from doing so. Indeed, not only is it possible to achieve long-range goals, it is necessary for success in life. To make a New Year's resolution is also to recognize the undeniable reality that rewarding careers and romances do not just happen automatically—that to get what we want in our lives, we must consciously choose and achieve the right goals. We must be goal-directed.

Unfortunately, a goal-directed orientation is missing to a large extent in too many lives. It is all too easy to live life passively, acting without carefully deciding what one is doing with one's life and why. How many people do you know who are in the career they fell into out of school, even if it is not very satisfying—or who have children at a certain age because that's what is expected, even if it's not what they really want—or who spend endless hours of "free time" in front of the TV, since that's the most readily available form of relaxation—or who follow a life routine that they never really chose and don't truly enjoy, but which has the force of habit?

Too often, the goal-directedness embodied by New Year's resolutions is the exception in lives ruled by passively accepted forces—unexamined routine, short-range desires, or alleged duties. It is the passive approach to happiness that makes so many resolutions peter out, lost in the shuffle of life or abandoned due to lost motivation. More broadly than its impact on New Year's resolutions, the passive approach to happiness is the reason that so many go through life without ever getting—or even knowing—what they really want.

It is a sad irony that those who write off New Year's resolutions because so many fail reinforces the passive approach to life that causes so many resolutions—and so many other dreams—to fail. The solution to failed New Year's resolutions is not to abandon the practice, but to supplement it with a broader resolution—a commitment to a goal-directed life.

This New Year's, resolve to think about how to make your life better, not just once a year, but every day. Resolve to set goals, not just in one or two aspects of life, but in every important aspect and in your life as a whole. Resolve to pursue the goals that will make you successful and happy, not as the exception in a life of passivity, but as the rule that becomes second-nature.

If you do this, you will be resolving to do the most important thing of all: to take your happiness seriously.

Alex Epstein is a junior fellow at the Ayn Rand Institute in Irvine, Calif. The Institute promotes Objectivism, the philosophy of Ayn Rand—author of "Atlas Shrugged" and "The Fountainhead."

Copyright © 2006 Ayn Rand® Institute. All rights reserved.

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Thursday, June 08, 2006

Sex-Changes for Freedom

A story from an Arabic news site reports an interesting development in Saudi Arabia: female to male sex-change operations:

Reports reveal that in 2005, there were no less than five cases of women who underwent surgery to become men in the Kingdom, according to Al Watan….

Some Saudi officials have reportedly laid blame for the shocking phenomenon on the blasphemous influences of the West, as well as on "psychological defects" of those who underwent the surgery.

However, according to other sources, the women embarked on the painful and dangerous transformation as a way to overcome the severe oppression and inequality that they reportedly encountered in Saudi society.

By becoming men, the women believe, they would have the opportunity to enjoy those privileges denied them as Saudi females but allowed to Saudi males, including rights taken for granted in other societies, such as driving a car or even going to public places unaccompanied by a male relative.

Not being able to drive cars or move freely are minor examples of the oppression women face in Saudi Arabia and other Islamic theocracies. Arranged marriages, domestic abuse, and honor killings are regular aspects of Muslim women's so-called lives. When their alternative is to become a man or to suffer a lifetime of psychological and physical abuse, the big surprise is that more Muslim women haven't had sex-change operations. Then again, maybe they have. Osametta? Abu Musabina? Hey, it's worth an autopsy.

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