
The economist's intellectual risk framework: try hard, then decide. Lacan gets a summer test. Derrida failed. The lesson for allocating attention.
Tyler Cowen has a litmus test for dense thinkers. He calls it the “there there” question. If after genuine effort the substance does not appear, he writes them off. Jacques Derrida failed that test. Jacques Lacan still has a chance.
Cowen, speaking on a podcast with Nabeel Qureshi and Jackson, explained his approach. Derrida got a fair amount of reading. The verdict: no there there. “You can, in my opinion, write him off,” Cowen said. Qureshi has not read Derrida. He is not convinced there is anything there. He would read him if Cowen insisted. No one has made that case.
Lacan is different. Cowen called him a marginal case. He has tried multiple times. Smart people still tell him the work is amazing. A new Lacan book is coming later this summer. Cowen plans to try again. “That's my marginal 'is there a there there' figure,” he said.
Foucault also came up. Cowen praised him as extremely interesting but pointed to a problem. The history in Foucault's work is wrong in a mundane way. The core ideas are almost too simple. The fact that the current right has latched onto Foucault is itself a sign of that simplicity. “It's not just the individuals who form the conspiracy. It's how a lot of the world thinks today,” Cowen said.
Qureshi takes a shortcut. He runs Foucault through GPT to get the gist. That is good enough for now. He said modern French thinkers put too much of a premium on sounding cool. Postmodern philosophy repays some effort to grasp the core ideas. It does not repay making it your life's reading.
Cowen said he is not against French thinkers of that period. Baudrillard is quite good. He feels educated enough to move on when a thinker keeps not making sense.
The conversation offers a framework for intellectual capital allocation. The cost of engaging with a difficult thinker is time and mental energy. The benefit is uncertain. Cowen's decision rule has two parts. Make a sincere effort. If you find nothing, stop. That is the Derrida case. If people you trust insist the work is valuable, keep trying. That is the Lacan case. The new book is a concrete event to reassess.
Qureshi's GPT method is a lower-cost filter. He gets the gist without deep reading. The risk of false negatives is real. You might miss something profound. The risk of false positives is also real. You might waste years on obscure philosophy.
For anyone allocating attention, the lesson is clear. Give a thinker a fair trial. Listen to trusted sources. If both fail to produce a “there there,” move on. If they conflict, keep trying. A new publication is a natural catalyst to retest.
Cowen will test Lacan this summer. That is a small intellectual risk event. The outcome will refine his map of where substance lies.
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