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Received View
The conventional wisdom or received opinion is the body of ideas or explanations generally accepted by the public and/or by experts in a field. History The term "conventional wisdom" dates back to at least 1838, as a synonym for "commonplace knowledge". It was used in a number of works, occasionally in a benign''E.g.,'1 Nahum Capen, ''The History of Democracy'' (1874), page 477("millions of all classes alike are equally interested and protected by the practical judgment and conventional wisdom of ages"). or neutral''E.g.,'"Shallow Theorists", ''American Educational Monthly'' 383 (Oct. 1866)("What is the result? Just what conventional wisdom assumes it would be."). sense, but more often pejoratively.''E.g.,'Joseph Warren Beach, ''The Technique of Thomas Hardy'' (1922), page 152("He has not the colorless monotony of the business man who follows sure ways to success, who has conformed to every rule of conventional wisdom, and made himself as featureless as a potato field, as tame as ...
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John Kenneth Galbraith
John Kenneth Galbraith (October 15, 1908 – April 29, 2006), also known as Ken Galbraith, was a Canadian-American economist, diplomat, public official, and intellectual. His books on economic topics were bestsellers from the 1950s through the 2000s. As an economist, he leaned toward post-Keynesian economics from an institutional economics, institutionalist perspective. He served as the deputy director of the powerful Office of Price Administration (OPA) during World War II in charge of stabilizing all prices, wages and rents in the American economy, to combat the threat of inflation and hoarding during a time of shortages and rationing, a task which was successfully accomplished. Galbraith was a long-time Harvard faculty member and stayed with Harvard University for half a century as a professor of economics. He was a prolific author and wrote four dozen books, including several novels, and published more than a thousand articles and essays on various subjects. Among his works ...
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The Affluent Society
''The Affluent Society'' is a 1958 (4th edition revised 1984) book by Harvard economist John Kenneth Galbraith. The book sought to clearly outline the manner in which the post–World War II United States was becoming wealthy in the private sector but remained poor in the public sector, lacking social and physical infrastructure, and perpetuating income disparities. The book sparked much public discussion at the time. It is also credited with popularizing the term "conventional wisdom". Many of the ideas presented were later expanded and refined in Galbraith's 1967 book, ''The New Industrial State''. Former U.S. Secretary of Labor Robert Reich called it his favorite on the subject of economics. The Modern Library placed the book at no. 46 on its list of the top 100 English-language non-fiction books of the 20th century. Themes * The "central tradition" in economics, created by Adam Smith and expanded by David Ricardo and Thomas Robert Malthus in the late eighteenth and early ...
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Common Knowledge
Common knowledge is knowledge that is publicly known by everyone or nearly everyone, usually with reference to the community in which the knowledge is referenced. Common knowledge can be about a broad range of subjects, such as science, literature, history, or entertainment. Since individuals often have different knowledge bases, common knowledge can vary and it may sometimes take large-scale studies to know for certain what is common knowledge amongst large groups of people. Often, common knowledge does not need to be cited. Common knowledge is distinct from general knowledge. In broader terms, common knowledge is used to refer to information that an agent would accept as valid, such as information that multiple users may know. Assigning something the label of common knowledge requires certain considerations about the involved community, group, society and/or individuals, the time period, and the location. Variation Defining something as common knowledge can differ based o ...
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Common Sense
Common sense () is "knowledge, judgement, and taste which is more or less universal and which is held more or less without reflection or argument". As such, it is often considered to represent the basic level of sound practical judgement or knowledge of basic facts that any adult human being ought to possess. It is "common" in the sense of being shared by nearly all people. Relevant terms from other languages used in such discussions include the aforementioned Latin, itself translating Ancient Greek ('), and French '. However, these are not straightforward translations in all contexts, and in English different shades of meaning have developed. In philosophical and scientific contexts, since the Age of Enlightenment the term "common sense" has been used for rhetorical effect both approvingly and disapprovingly. On the one hand it has been a standard for good taste, good sense, and source of scientific and logical axioms. On the other hand it has been equated to conventional wisdom ...
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Public Opinion
Public opinion, or popular opinion, is the collective opinion on a specific topic or voting intention relevant to society. It is the people's views on matters affecting them. In the 21st century, public opinion is widely thought to be heavily influenced by the media; many studies have been undertaken which look at the different factors which influence public opinion. Politicians and other people concerned with public opinion often attempt to influence it using advertising or rhetoric. Opinion plays a vital role in uncovering some critical decisions. Sentiment analysis or opinion mining is a method used to mine the thoughts or feelings of the general population. One of the struggles of public opinion is how it can be influenced by misinformation. Etymology The term "public opinion" was derived from the French ', which was first used in 1588 by Michel de Montaigne, one of the most significant philosophers of the French Renaissance, in the second edition of his famous '' Essays ...
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Consensus Reality
Consensus reality refers to the generally agreed-upon version of reality within a community or society, shaped by shared experiences and understandings. This understanding arises from the inherent differences in individual perspectives or subjectivities relating to knowledge or ontology, leading to uncertainties about what is real. While various viewpoints exist, people strive to establish a consensus, serving as a pragmatic guide for social norms. The term carries both positive and negative connotations, as it is viewed critically by anti-realist theorists but recognized for its practical benefits in fostering shared beliefs. Consensus reality differs from consensual reality, with the former representing mutual agreement about what is true. Artists and thinkers have challenged consensus reality, aiming to disrupt established norms and question the authenticity of the world's reality. Children have sometimes been described or viewed as "inexperience with consensus reality," t ...
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