Then Reserve Bank of India Governor Das said, "I am not saying we maintain a Panglossian countenance and smile away every difficulty." Being Panglossian is being extremely optimistic.

There has been lots of Panglossian enthusiasm about what Britain can achieve post-Brexit, not least from the editorials of City A.M.

With their Panglossian blinders, whatever they observe is assumed to be the most natural outcome in the most natural of all possible economic systems.

"Brutto" is an incremental descent into a personal inferno, while "On the Town" is a Panglossian whirlwind.

The Panglossian view that technology will solve the Big Tech problem because that is what has occurred in the past suffers from the fallacy of what British philosopher Bertrand Russell called "the inductivist turkey." When a turkey observes that his owner comes each morning to feed him, the turkey inductively infers that he will continue to be fed each morning--an inference that breaks down each year at Thanksgiving.

Here is the review: "His critics regard him as Panglossian , and suspects he cherry picks statistics, but the author's case for global optimism is entertaining and well argued.

Even though its October World Economic Outlook presents a positive picture of global growth, the IMF, no doubt still conscious of the Panglossian view it offered in 2006, now warns that the world economy is "vulnerable to a sudden tightening of financial conditions" and that "equity valuations appear stretched in some markets." In this context, "some" is IMF code for the United States.

But rather than seizing the opportunity to showcase bold new political initiatives that will allow a Britain unshackled from the sclerotic Brussels bureaucracy to fly freely and profitably, Prime Minister Theresa May cavorted onstage to the strains of Abba's"Dancing Queen" before delivering a set of policy pronouncements predicated upon the most Panglossian possible economic forecast.

Among their topics are the death penalty for drug offenses: pulling back the curtain to expose a flawed regime, measuring the World Drug Problem: 2019 and beyond, deconstructing the Islamic bloc: the Middle East and North Africa and pluralistic drugs policy, the European Union in panglossian stagnation, and Switzerland: moving towards public health and harm reduction.

Is this the Panglossian best of all possible worlds in risk assets?

Given our less than perfect knowledge how should we design our decision rules to bring about a Panglossian outcome or to try and do the least harm possible?