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Liberty in Context
Schelling has brought a kind of lucid rigor to thinking about profound issues like nuclear deterrence, punishment, our relationships at the end of life, global warming, segregation, and more. If you actually read Schelling, it is awfully difficult to not admire his combination of analytic acuity and humane sensitivy as "wise."
A wise person can (if he has a high endowment of intelligence) use game theory well; and put it to good use. He becomes proficient in a rigorous skill, techne. But it hardly strikes me that a person becomes wise from learning game theory.
However, there's a decided fall-off in modernity from making moral arguments ascribing real praise & blame (really, the latter). Morality becomes something utterly and thoroughly personal and private. Concomitant with such phenomenon -- as Tocqueville wisely foresaw -- is the utter aggrandizement of government. Moral questions cease to be political questions about which there is truly robust debate; instead everything becomes gradually about "process"; ends essentially collapse into being means. You end up with very unpolitical politics.
Granted, game theory doesn't have much to do with defining causes. But the method *itself* doesn't seem to tell us what *ends* are worthy--what noble, what base. Unless I'm mistaken. And I own that I possibly am in this regard.