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The Economist

June 24, 2000

Socrates, For Pleasure and Profit


Company executives in search of wisdom are turning from psychotherapy and religion to the cleverest thinkers of all: ancient philosophers. For corporations, philosophy has become the latest management fad. Tom Morris, author of If Aristotle Ran General Motors: The New Soul of Business, earns $30,000 an hour - one of the highest fees for a non-celebrity speaker in America - for teaching Socrates and Hegel to the likes if IBM, Campbell Soup, General Electric, and Ford.

Lou Marinoff, who wrote a popular book published last autumn, called Plato, Not Prozac! Applying Philosophy to Everyday Problems, is spearheading the rise of "philosophy counselling", which has roots in Europe in the early 1980s but is new to America. Mr. Marinoff has founded the grand-sounding American Philosophical Practitioners Association, which has trained around 70 philosophy counsellors so far and has backing form a local assemblyman to certify the practice in New York State. Mr. Marinoff, who charges $100 an hour (in line with clinical-psychology rates), says many of his clients are "refugees" from psychology and psychiatry. "Philosophy deals with big questions - purpose, ethics, moral quandaries - without messing up their emotions."

In Britain, Alain de Botton's best-seller, How Proust Can Change Your Life, has spawned an agony column in a Sunday newspaper. His latest book, The Consolations of Philosophy, pops philosophers like pills: take Socrates for unpopularity, Epicurus for lack of money, Seneca for frustration and Montaigne for inadequacy. Mr de Botton, being a cerebral sort of chap (and much consoled by making a successful television series on his book), has not yet moved seriously into the business of management counselling.

When he does, he will find that there is now a brand-new market for the sages: failed Internet entrepreneurs. Christopher McCullough, a self-styled "clinical philosopher" based in San Francisco, says that half his practice consists of "manic start-up types who can smell the money, but see it disappearing fast". Mr. McCullough, who runs a philosophy café in a local Barnes and Noble Bookshop and is opening his own café in June, prescribes the example of Epictetus, a noted Stoic philosopher, to teach people how to stay serene when they have lost everything.

Epictetus is just the thing for those with underwater stock options. He led a life of exemplary contentment, simplicity and virtue, living in a small but furnished with only a bed and a lamp. Mr. McCullough's success in prescribing him suggests that high-achieving entrepreneurs prefer intellectual discussion to treatment for depression or anxiety. " There is much less tissue and couch use in philosophy counselling," says Mr. McCullough. "And I have more room to be funny." As for Socrates, he must be guffawing in his tomb.


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