Author: PIERPAOLO BENIGNO

Over the past two decades, monetary policy has been deployed in unprecedented ways, as central banks attempted to mitigate the adverse consequences of the 2007–2008 financial crisis, the COVID-19 global lockdown, and recent inflationary surges.

In “Monetary Economics and Policy,” Pierpaolo Benigno offers a new way to understand the potency and effectiveness of monetary policy, presenting a unified modeling framework to analyze policy challenges posed by both paper and digital currency systems.

Author: Arthur Schopenhauer

Arthur Schopenhauer’s “On the Freedom of the Will” is a landmark philosophical work that explores one of humanity’s most debated questions: Do we have free will?

Published in 1839 as part of a prize competition held by the Royal Norwegian Society of Sciences, this essay won first prize for the author and remains one of his most influential works.

In it, Schopenhauer rigorously examines the concept of free will, combining insights from metaphysics, psychology and science.

He argues for a deterministic view of human action, asserting that while humans may feel free in their decisions, their choices are ultimately determined by external circumstances and internal motivations beyond their control.

Schopenhauer distinguishes between different types of freedom, including physical, intellectual and moral.

While he concedes that humans have physical freedom (freedom from external coercion), he rejects the notion of metaphysical freedom — the idea individuals can act independently of causality.

One of the essay’s key contributions is Schopenhauer’s clear articulation of the relationship between will and action. He asserts that our actions are a direct expression of our unchanging character, which itself is shaped by factors outside our control.

This perspective challenges traditional notions of moral responsibility, as it questions whether individuals can be truly “free” in a moral sense.

The essay also explores the implications of determinism for ethics and human behavior.

Schopenhauer’s arguments are deeply rooted in his broader philosophical system, particularly his concept of the “will” as the driving force behind all existence.

He blends philosophical reasoning with practical examples, making his work both intellectually rigorous and accessible to readers.

Schopenhauer’s writing style is notable for its clarity and precision, though it carries his characteristic pessimism and sharp critiques of opposing views. His dismissal of metaphysical freedom as an illusion is provocative and has sparked debate among philosophers for centuries.

“On the Freedom of the Will” is a profound, thought-provoking work that challenges readers to reconsider their assumptions about free will, causality and moral responsibility.

Schopenhauer’s arguments remain relevant today, influencing contemporary discussions in philosophy, neuroscience, and psychology.