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Lecture: “The limits of transparency: specialized knowledge, central banks and meaningful accountability”
24 April 2019 @ 15:15 - 17:00
When: Wednesday, April 24 (15:15-17:00)
Where: room Omega, Faculty of Philosophy, University of Groningen
Speaker: Lisa Herzog (TUM)
Title: “The limits of transparency: specialized knowledge, central banks and meaningful accountability”
Abstract: In this paper we discuss the relation between specialized knowledge and meaningful accountability,
drawing on the example of the European Central Bank. We first describe the challenge of expert knowledge for meaningful accountability in some more detail, first in general terms and then applied to supranational institutions. We emphasize in particular the
role of „epistemic communities“ and the tension between expertise and independence. Then we turn to considerations from the literature about deliberative systems about how expert knowledge can be communicated to lay people. We illustrate these issues by drawing
on the European Central Bank (ECB) and discuss what it would mean to hold technocratic institutions such as this one accountable in a meaningful way. We conclude by proposing that rather than giving up the idea of meaningful accountability, an independent
community of experts – especially in the sense of “interactive” expertise (Collins and Evans 2007) – should be nurtured in order to help citizens hold these institutions accountable.
drawing on the example of the European Central Bank. We first describe the challenge of expert knowledge for meaningful accountability in some more detail, first in general terms and then applied to supranational institutions. We emphasize in particular the
role of „epistemic communities“ and the tension between expertise and independence. Then we turn to considerations from the literature about deliberative systems about how expert knowledge can be communicated to lay people. We illustrate these issues by drawing
on the European Central Bank (ECB) and discuss what it would mean to hold technocratic institutions such as this one accountable in a meaningful way. We conclude by proposing that rather than giving up the idea of meaningful accountability, an independent
community of experts – especially in the sense of “interactive” expertise (Collins and Evans 2007) – should be nurtured in order to help citizens hold these institutions accountable.
Bio:
Lisa Herzog works at the intersection of political philosophy and economics. She focuses on the history of political
and economic ideas, normative questions around markets (especially financial markets), ethics in organizations, economic democracy and political epistemology. Professor Herzog studied philosophy, economics, political science and modern history at the universities
of Munich (LMU) and Oxford. Between 2008 and 2011 she wrote her doctoral thesis entitled “Inventing the Market. Smith, Hegel, and Political Theory” as a Rhodes Scholar at Oxford University. Since then, she has worked at the universities of Munich (TUM), St.
Gallen, Leuven, Frankfurt and Stanford. In summer 2016 she took up the position of professor of political philosophy and theory at the Bavarian School of Public Policy and the Technical University Munich. In 2017/18 she was a fellow at the Wissenschaftskolleg
zu Berlin.
Lisa Herzog works at the intersection of political philosophy and economics. She focuses on the history of political
and economic ideas, normative questions around markets (especially financial markets), ethics in organizations, economic democracy and political epistemology. Professor Herzog studied philosophy, economics, political science and modern history at the universities
of Munich (LMU) and Oxford. Between 2008 and 2011 she wrote her doctoral thesis entitled “Inventing the Market. Smith, Hegel, and Political Theory” as a Rhodes Scholar at Oxford University. Since then, she has worked at the universities of Munich (TUM), St.
Gallen, Leuven, Frankfurt and Stanford. In summer 2016 she took up the position of professor of political philosophy and theory at the Bavarian School of Public Policy and the Technical University Munich. In 2017/18 she was a fellow at the Wissenschaftskolleg
zu Berlin.
About the OZSW event calendar
The OZSW event calendar lists academic philosophy events organized by/at Dutch universities, and is offered by the OZSW as a service to the research community. Please check the event in question – through their website or organizer – to find out if you could participate and whether registration is required. Obviously we carry no responsibility for non-OZSW events.