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I’m fascinated by systems of thought and very interested in understanding how we can improve our ability to create a better society for all. I think the past makes a good laboratory for investigating these kinds of questions. I got interested in early modern economic theory while researching the English East India Company for my dissertation in the sociology department of Columbia University, which was a great place for historical and computational sociology. I now teach economic sociology and theory as a professor at Yale University, another institution with amazing strengths in history, data science, and computational methods.
This book is a classic and a pleasure to read. If you like Natalie Zemon Davis, you will like Joyce Appleby. It is a terrific introduction to the fascinating world of early modern economic thought and solidifies the importance of mercantilist thought in the era of power and plenty and ships of the line.
I’m fascinated by systems of thought and very interested in understanding how we can improve our ability to create a better society for all. I think the past makes a good laboratory for investigating these kinds of questions. I got interested in early modern economic theory while researching the English East India Company for my dissertation in the sociology department of Columbia University, which was a great place for historical and computational sociology. I now teach economic sociology and theory as a professor at Yale University, another institution with amazing strengths in history, data science, and computational methods.
Tribe is a master of his subject, and this book has the feel of a magnum opus. It is densely packed and full of interesting tidbits, and you will be amazed at just how recent economics really is. The added bonus is all the insight into the development of the modern research university. I am in the middle of this book as it just came out, but the scale of the contribution (large) is already clear.
An accessible account of the role of the modern university in the creation of economics
During the late nineteenth century concerns about international commercial rivalry were often expressed in terms of national provision for training and education, and the role of universities in such provision. It was in this context that the modern university discipline of economics emerged. The first undergraduate economics program was inaugurated in Cambridge in 1903; but this was merely a starting point.
Constructing Economic Science charts the path through commercial education to the discipline of economics and the creation of an economics curriculum that could then…
I’m fascinated by systems of thought and very interested in understanding how we can improve our ability to create a better society for all. I think the past makes a good laboratory for investigating these kinds of questions. I got interested in early modern economic theory while researching the English East India Company for my dissertation in the sociology department of Columbia University, which was a great place for historical and computational sociology. I now teach economic sociology and theory as a professor at Yale University, another institution with amazing strengths in history, data science, and computational methods.
This book is for the truly dedicated because Medieval European Economic Theory isn’t particularly foundational or even correct by today’s standards, so value other than the intrinsic pleasure you get exploring these ideas is minimal. But the ideas are fascinating, and Kaye gives a lot of insight into how transformative ways of thinking about the world emerge over time.
The ideal of balance and its association with what is ordered, just, and healthful remained unchanged throughout the medieval period. The central place allotted to balance in the workings of nature and society also remained unchanged. What changed within the culture of scholasticism, between approximately 1280 and 1360, was the emergence of a greatly expanded sense of what balance is and can be. In this groundbreaking history of balance, Joel Kaye reveals that this new sense of balance and its potentialities became the basis of a new model of equilibrium, shaped and shared by the most acute and innovative thinkers…
I’m fascinated by systems of thought and very interested in understanding how we can improve our ability to create a better society for all. I think the past makes a good laboratory for investigating these kinds of questions. I got interested in early modern economic theory while researching the English East India Company for my dissertation in the sociology department of Columbia University, which was a great place for historical and computational sociology. I now teach economic sociology and theory as a professor at Yale University, another institution with amazing strengths in history, data science, and computational methods.
This is a serious scholarly investigation of the origin and eventual triumph of the efficient market hypothesis. Polillo is very smart and the theoretical sophistication high. It combines a thorough history with some extremely interesting ideas about thought, culture, and social processes fleshed out with several different methods of analysis and interpretation.
The Ascent of Market Efficiency weaves together historical narrative and quantitative bibliometric data to detail the path financial economists took in order to form one of the central theories of financial economics-the influential efficient-market hypothesis-which states that the behavior of financial markets is unpredictable.
As the notorious quip goes, a blindfolded monkey would do better than a group of experts in selecting a portfolio of securities, simply by throwing darts at the financial pages of a newspaper. How did such a hypothesis come to be so influential in the field of financial economics? How did financial economists turn a lack…
I have produced twenty books/DVDs and three academic papers on finance and social-mood theory. I also write a monthly publication on markets titled The Elliott Wave Theorist. For a bio, visit robertprechter.com. My recommended titles convey financial markets’ nonrational nature in a visceral way. If you understand that feature, if you feel it, you will have a fighting chance to succeed at investing.
When I was at Yale, Professor Irving Janis became aware of my interest in mass psychology and asked if I would be interested in seeing a manuscript he was working on. I jumped at the chance and soon was reading Victims of Groupthink.
The book relates histories of bureaucratic decision-making that went wrong. Janis postulated that in a group setting, people defer the hard work of reasoning to others, whom they assume must be working on the problem. As a result, no one works on the problem, and whatever decision emerges derives from the dynamics of group psychology. This book is out of print and hard to find.
I’ve wanted to be a philosopher since I read Plato’s Phaedo when I was 17, a new immigrant in Canada. Since then, I’ve been fascinated with time, space, and quantum mechanics and involved in the great debates about their mysteries. I saw probability coming into play more and more in curious roles both in the sciences and in practical life. These five books led me on an exciting journey into the history of probability, the meaning of risk, and the use of probability to assess the possibility of harm. I was gripped, entertained, illuminated, and often amazed at what I was discovering.
I love this book because it builds practical advice on a philosophical critique.
Can philosophy generate truly practical advice for planning and public policy? Randomized Controlled Trials are the gold standard for evidence in industrial planning and public policy. But if the results are taken naively, they mislead.
I’m a long-time fan of author Nancy Cartwright, a McArthur Genius Award winner. I love her provocative approach when abstract thought has to confront real practice.
Over the last twenty or so years, it has become standard to require policy makers to base their recommendations on evidence. That is now uncontroversial to the point of triviality--of course, policy should be based on the facts. But are the methods that policy makers rely on to gather and analyze evidence the right ones? In Evidence-Based Policy, Nancy Cartwright, an eminent scholar, and Jeremy Hardie, who has had a long and successful career in both business and the economy, explain that the dominant methods which are in use now--broadly speaking, methods that imitate standard practices in medicine like randomized…
I'm Associate Professor of Economics at Washington and Lee University in Virginia, USA. My expertise is in conflict, war, and peace economics. I'm deeply motivated to understand the broader impacts of violent conflicts in low-income countries with the hope that doing so will pave the way for us to live in a more harmonious world. Recently, I've been interested in economics of cultural heritage destruction during violent conflicts. My aim is to understand patterns of heritage destruction in the past such that we can incorporate heritage destruction in atrocity forecasting models of today. I'm just as passionate to teach what I have learned over the years and what I'm curious to explore in the future.
In this book we learn that our actions are shaped by that of others or by our expectation of what others will do.
If, for example, a white neighbor leaves the neighborhood upon seeing a minority family move in, other white neighbors are likely to follow suit if they expect more white neighbors to move out and more minorities to move in. If a critical mass of white neighbors adopts this behavior, the result is a segregated neighborhood.
Applied this idea to the study of mass atrocities, we understand mass participation in mass atrocities as not a result of moral failure, but a social phenomenon driven by imitating nature and belonging need of the humankind. This understanding humanizes the mass perpetrators of an atrocity and opens space for reconciliation.
"Schelling here offers an early analysis of 'tipping' in social situations involving a large number of individuals." -official citation for the 2005 Nobel Prize
Micromotives and Macrobehavior was originally published over twenty-five years ago, yet the stories it tells feel just as fresh today. And the subject of these stories-how small and seemingly meaningless decisions and actions by individuals often lead to significant unintended consequences for a large group-is more important than ever. In one famous example, Thomas C. Schelling shows that a slight-but-not-malicious preference to have neighbors of the same race eventually leads to completely segregated populations.
I hold a doctorate in political science and am an expert on Algeria. I was a senior scholar at Carnegie for ten years before I joined the European Union Institute for Security Studies (EUISS), the EU's official think tank. I was born in Algeria, where I grew up. When I was fourteen, between 22-23 September 1997 the massacre of Bentalha took place while I was living in Algeria, and I became obsessed with that massacre. This obsession led me ten years later to write a Ph.D. on that bloody page of Algerian history, political violence, and jihadism. Eventually, my expertise encompassed all of Algeria's political, social, and economic developments.
In this book, Lowi examines why Algeria's domestic political economy disintegrated in the mid-1980s and how the regime eventually reclaimed power and hegemony. Miriam Lowi discusses the significance of leadership decisions for political outcomes and extends her theory to explain the diversity in stability among oil-exporting states in response to economic shocks. Comparing Algeria to Iran, Iraq, Indonesia, and Saudi Arabia, she inquires as to why certain regimes fail and endure regime change while others remain stable or are able to regain stability after a time of turmoil.
How can we make sense of Algeria's post-colonial experience - the tragedy of unfulfilled expectations, the descent into violence, the resurgence of the state? Oil Wealth and the Poverty of Politics explains why Algeria's domestic political economy unravelled from the mid-1980s, and how the regime eventually managed to regain power and hegemony. Miriam Lowi argues the importance of leadership decisions for political outcomes, and extends the argument to explain the variation in stability in oil-exporting states following economic shocks. Comparing Algeria with Iran, Iraq, Indonesia and Saudi Arabia, she asks why some states break down and undergo regime change, while…
I'm addicted to discovering what lies within the unknown. The biggest mystery, I believe, that baffles us today is not necessarily what lies at the edge of the universe but what lives within this one here. I enjoy attempting to solve large problems and if I can’t compute a result at least understand what the problem suggests. In the realm of the unknown, I'm an expert of nothing. In hours of research and reading and writing, one comes to a point in their process of learning with the realization that it does not matter how much one learns, there will always be that much more, logarithmically multiplied exponentially by the rate of acceleration, to learn.
Since the days of Ronald Regan, trickle-down economic theory has been a pipe dream of the uneducated and I don’t even have a degree. Mark Mattern does a great job inverting the theory of trickle-down in explaining that indeed wealth piles from the bottom up not drip down from the top. I recommend reading this book before you read mine for the simple fact that instead of inverted trickle-down theory, I describe how water moves like a stream through an ecosystem. If it is not properly pitched from the mountaintop to the valley, with proper displacement of creatures below, and flow rate through the foothills, we are inevitably left dependent on drinking from a wasteland.
One of the most durable myths of US political economy is that we take from the rich and give to the poor - penalising the rich for their hard work and rewarding the undeserving. Mark Mattern turns that story on its head. Documenting the everyday, institutionalised ways that income and wealth are transferred upward in the United States, Mattern shows how in fact the bottom subsidises the top.
His provocative analysis, describing in detail the processes and policy choices that systematically favour the rich, is both a tale of "Robin Hood in reverse" and a call for a more equitable,…
I write about politics. I grew up in a political household. My mother was a key fundraiser for the Democratic Party and my stepfather served as a White House counsel to President Clinton. Politics and the Washington experience were the air I breathed during my formative years. I followed in their footsteps and co-founded Fight for a Better America, an organization that invests in key battleground districts and states throughout the US, with the goal of either flipping them blue or maintaining a Democratic incumbent. Through my travels with the organization, I have made hundreds of contacts with folks in local civic clubs and organized hundreds of volunteers on the ground.
Hacker explores the connection between America’s present yawning inequality and the deliberate decisions made by key political figures throughout the last 50 years. While off-shoring and technological innovation have contributed to the ever poorer job prospects and conditions for the poor and working-class, he argues that our government is just as much to blame. We could have taken action to protect these constituencies but rather defended the interests of corporate America and the radical rich (his term for wealth conservative donors such as the Koch Brothers). The book is very well-researched and easily digestible.
A groundbreaking work that identifies the real culprit behind one of the great economic crimes of our time- the growing inequality of incomes between the vast majority of Americans and the richest of the rich.
We all know that the very rich have gotten a lot richer these past few decades while most Americans haven't. In fact, the exorbitantly paid have continued to thrive during the current economic crisis, even as the rest of Americans have continued to fall behind. Why do the "haveit- alls" have so much more? And how have they managed to restructure the economy to reap…
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