- published: 03 Apr 2012
- views: 18932
A trilemma is a difficult choice from three options, each of which is (or appears) unacceptable or unfavourable.
There are two logically equivalent ways in which to express a trilemma: it can be expressed as a choice among three unfavourable options, one of which must be chosen, or as a choice among three favourable options, only two of which are possible at the same time.
The term derives from the much older term dilemma, a choice between two or more difficult or unfavourable alternatives.
The earliest recorded use of the term was by the British preacher Philip Henry in 1672, and later, apparently independently, by the preacher Isaac Watts in 1725.
One of the earliest uses of the trilemma formulation is that of the Greek philosopher Epicurus, rejecting the idea of an omnipotent and omnibenevolent God (as summarised by David Hume):
This clip discusses the open economy policy trilemma, which states that any country can choose always only two of the following three desirable options: (1) Monetary policy autonomy to target domestic activity; (2) free capital flows and (3) exchange rate stability. Broadly, the international financial system focused (a) during post-WWII decades on (2) and (3) and (b) during recent decades on (1) and (2). While the exchange rate can act as an automatic stabilizer under (b), it is not clear that maintenance of internal and external balance has become any easier.
Impossible Trinity [25/26] by openlectures Can you have a fixed exchange rate policy, monetary policy, and free flow of capital at the same time? The impossible trinity helps you understand this trilemma. -- ^^^ SUBSCRIBE above for more quick lectures! ^^^ VISIT openlectures: http://openlectures.org ABOUT openlectures: http://openlectures.org/team FOLLOW openlectures: FB - http://facebook.com/OpenLectures Twitter - http://twitter.com/openlecturessg
TELL US WHAT YOU THINK and help us improve our Free Educational Resources https://www.surveymonkey.com/r/2015_YouTube_descr For more like this subscribe to the Open University channel https://www.youtube.com/channel/UCXsH4hSV_kEdAOsupMMm4Qw Free learning from The Open University http://www.open.edu/openlearn/money-management/money/accounting-and-finance/finance/brief-history-black-wednesday --- The Impossible Trinity or 'trilemma' suggests that it is impossible for a country to maintain a fixed exchange rate, free capital movement and an independent monetary policy at one and the same time. (Part 5 of 6) Playlist link - http://www.youtube.com/playlist?list=PLhQpDGfX5e7DDGEQvLonjDQsbclAF2N-t --- Study economics with the OU http://www3.open.ac.uk/study/undergraduate/course/social-sci...
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A description of Muchhausen's Trilemma, also known as Agrippa's Trilemma, which defines the positions of Internalism in epistemology.
Munchhausen's trilemma (Munchausen's) says that proving something is true normally involves circular reasoning, regressive argument or an axiomatic argument each of these methods have problems but an axiomatic argument can prove a truth if you can agree upon a precept or principle of an underlying statement.
Sheldon mentions the Münchausen's Trilemma.
Rodrik: "You have to decide whether you’re going to politically integrate, and if you’re not going to politically integrate, you have to figure out a way of economically beginning at least some of this integration. That means losing the monetary integration in particular" For more: http://www.mercatus.org/conversations Stay Connected Facebook: http://www.facebook.com/mercatuscenter/ Twitter: http://www.twitter.com/mercatus Email: http://www.mercatus.org/newsletters
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Where'd you get the ending when it's just begun
Everybody searchin' for gratification
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