Plato asked if states could possess virtues like wisdom and justice. The post analyses what thinkers like Machiavelli and Adam Smith have said about it, and why the notion matters for modern governance.

The text reflects on the concept of compromise, tracing its etymology and significance throughout history, while also highlighting its current negative connotation. It emphasizes the importance of compromise in diplomacy and society, rooted in empathy, despite modern perceptions. The narrative also warns against compromising human dignity. The author advocates for a reevaluation of compromise's ethical significance and the preservation of empathy in a rapidly changing world. Compromise, often misunderstood, is portrayed as a crucial tool for conflict resolution and maintaining social fabric, while cautioning against unethical compromises like the Munich agreement with Hitler.

The text emphasizes the importance of prioritizing homework over addressing economists' handling of climate change. It discusses the problematic approaches economists have taken in dealing with the scientific aspects of climate change, highlighting the need for better data and questioning the effectiveness of current conceptual frameworks. It touches on issues like the 'precautionary principle', intergenerational responsibility, benefit-cost models, 'the tragedy of the commons' concept, and the need for more objective and pragmatic approaches to climate change policy. The text also stresses the importance of being open to new ideas and institutional flexibility to navigate climate change challenges effectively.