Author: Richard Bookstaber
Publisher: Princeton University Press
Release Date: 2017-04-17
Genre: Business & Economics
An in-depth look at how to account for the human complexities at the heart of today's financial system Our economy may have recovered from the Great Recession—but not our economics. In The End of Theory, Richard Bookstaber discusses why the human condition and the radical uncertainty of our world renders the standard economic model—and the theory behind it—useless for dealing with financial crises. What model should replace it? None. At least not any version we've been using for the past two hundred years. Instead, Bookstaber argues for a new approach called agent-based economics, one that takes as a starting point the fact that we are humans, not the optimizing automatons that standard economics assumes we are. Bookstaber's groundbreaking paradigm promises to do a far better job at preventing crises and managing those that break out. As he explains, our varied memories and imaginations color our economic behavior in unexpected hues. Agent-based modeling embraces these nuances by avoiding the mechanistic, unrealistic structure of our current economic approach. Bookstaber tackles issues such as radical uncertainty, when circumstances take place beyond our anticipation, and emergence, when innocent, everyday interactions combine to create sudden chaos. Starting with the realization that future crises cannot be predicted by the past, he proposes an approach that recognizes the human narrative while addressing market realities. Sweeping aside the historic failure of twentieth-century economics, The End of Theory offers a novel and innovative perspective, along with a more realistic and human framework, to help prevent today's financial system from blowing up again.
Author: Richard Bookstaber
Release Date: 2017-04-11
Genre: Business & Economics
Our economy may have recovered from the Great Recession--but not our economics. In The End of Theory, Richard Bookstaber, one of the world's leading risk managers, discusses why the human condition and the radical uncertainty of our world renders the standard economic model--and the theory behind it--useless for dealing with financial crises. What model should replace it? None. At least not any version we've been using for the past two hundred years. Instead, Bookstaber argues for a new approach called agent-based economics, one that takes as a starting point the fact that we are humans, not the optimizing automatons that standard economics assumes we are. Bookstaber's groundbreaking paradigm promises to do a far better job at preventing crises and managing those that break out. As he explains, our varied memories and imaginations color our economic behavior in unexpected hues. Agent-based modeling embraces these nuances by avoiding the mechanistic, unrealistic structure of our current economic approach. Bookstaber tackles issues such as radical uncertainty, when circumstances take place beyond our anticipation, and emergence, when innocent, everyday interactions combine to create sudden chaos. Starting with the realization that future crises cannot be predicted by the past, he proposes an approach that recognizes the human narrative while addressing market realities. Sweeping aside the historic failure of twentieth-century economics, The End of Theory offers a novel and innovative perspective, along with a more realistic and human framework, to help prevent today's financial system from blowing up again.
Author: Amy Allen
Publisher: Columbia University Press
Release Date: 2016-01-12
While post- and decolonial theorists have thoroughly debunked the idea of historical progress as a Eurocentric, imperialist, and neocolonialist fallacy, many of the most prominent contemporary thinkers associated with the Frankfurt School—Jürgen Habermas, Axel Honneth, and Rainer Forst—have persistently defended ideas of progress, development, and modernity and have even made such ideas central to their normative claims. Can the Frankfurt School’s goal of radical social change survive this critique? And what would a decolonized critical theory look like? Amy Allen fractures critical theory from within by dispensing with its progressive reading of history while retaining its notion of progress as a social imperative, so eloquently defended by Adorno and Foucault. Critical theory, according to Allen, is the best resouce we have for achieving emancipatory social goals. In reimagining a decolonized critical theory after the end of progress, she rescues it from oblivion and gives it a future.
Author: Richard Shiff
Publisher: University of Chicago Press
Release Date: 1986-04-15
Drawing on a broad foundation in the history of nineteenth-century French art, Richard Shiff offers an innovative interpretation of Cézanne's painting. He shows how Cézanne's style met the emerging criteria of a "technique of originality" and how it satisfied critics sympathetic to symbolism as well as to impressionism. Expanding his study of the interaction of Cézanne and his critics, Shiff considers the problem of modern art in general. He locates the core of modernism in a dialectic of making (technique) and finding (originality). Ultimately, Shiff provides not only clarifying accounts of impressionism and symbolism but of a modern classicism as well.
Winner of the 2013 Royal Society Winton Prize for Science Books It was the universe’s most elusive particle, the linchpin for everything scientists dreamed up to explain how physics works. It had to be found. But projects as big as CERN’s Large Hadron Collider don’t happen without incredible risks – and occasional skullduggery. In the definitive account of this landmark event, Caltech physicist and acclaimed science writer Sean Carroll reveals the insights, rivalry, and wonder that fuelled the Higgs discovery, and takes us on a riveting and irresistible ride to the very edge of physics today.
Author: Terry Eagleton
Publisher: Penguin UK
Release Date: 2004-08-26
Genre: Social Science
The golden age of cultural theory (the product of a decade and a half, from 1965 to 1980) is long past. We are living now in its aftermath, in an age which, having grown rich in the insights of thinkers like Althusser, Barthes and Derrida, has also moved beyond them. What kind of new, fresh thinking does this new era demand? Eagleton concludes that cultural theory must start thinking ambitiously again - not so that it can hand the West its legitimation, but so that it can seek to make sense of the grand narratives in which it is now embroiled.
Author: Mervyn King
Publisher: W. W. Norton & Company
Release Date: 2016-03-21
Genre: Business & Economics
“Mervyn King may well have written the most important book to come out of the financial crisis. Agree or disagree, King’s visionary ideas deserve the attention of everyone from economics students to heads of state.” —Lawrence H. Summers Something is wrong with our banking system. We all sense that, but Mervyn King knows it firsthand; his ten years at the helm of the Bank of England, including at the height of the financial crisis, revealed profound truths about the mechanisms of our capitalist society. In The End of Alchemy he offers us an essential work about the history and future of money and banking, the keys to modern finance. The Industrial Revolution built the foundation of our modern capitalist age. Yet the flowering of technological innovations during that dynamic period relied on the widespread adoption of two much older ideas: the creation of paper money and the invention of banks that issued credit. We take these systems for granted today, yet at their core both ideas were revolutionary and almost magical. Common paper became as precious as gold, and risky long-term loans were transformed into safe short-term bank deposits. As King argues, this is financial alchemy—the creation of extraordinary financial powers that defy reality and common sense. Faith in these powers has led to huge benefits; the liquidity they create has fueled economic growth for two centuries now. However, they have also produced an unending string of economic disasters, from hyperinflations to banking collapses to the recent global recession and current stagnation. How do we reconcile the potent strengths of these ideas with their inherent weaknesses? King draws on his unique experience to present fresh interpretations of these economic forces and to point the way forward for the global economy. His bold solutions cut through current overstuffed and needlessly complex legislation to provide a clear path to durable prosperity and the end of overreliance on the alchemy of our financial ancestors.
Author: Daniel Bell
Publisher: Harvard University Press
Release Date: 1962
Genre: Social Science
This work first argued that the older humanistic ideologies from the 19th and early 20th centuries were exhausted, and that new parochial ideologies would arise. This 2000 edition argues that there is a resumption of history with the end of communism and the return of traditional conflicts.
Author: Victor Burgin
Release Date: 1986
'Art theory', understood as those forms of aesthetics, art history and criticism which began in the Enlightenment and culminated in 'high modernism', is now at an end. These essays, examining the interdependencies of advertising, film, painting and photography, constitute a call for a 'new art theory' - a practice of writing whose end is to contribute to a general 'theory of representations': an understanding of the modes and means of symbolic articulation of our forms of sociality and subjectivity.
In The End of Science, John Horgan makes the case that the era of truly profound scientific revelations about the universe and our place in it is over. Interviewing scientific luminaries such as Stephen Hawking, Francis Crick, and Richard Dawkins, he demonstrates that all the big questions that can be answered have been answered, as science bumps up against fundamental limits. The world cannot give us a “theory of everything,” and modern endeavors such as string theory are “ironic” and “theological” in nature, not scientific, because they are impossible to confirm. Horgan’s argument was controversial in 1996, and it remains so today, still firing up debates in labs and on the internet, not least because—as Horgan details in a lengthy new introduction—ironic science is more prevalent than ever. Still, while Horgan offers his critique, grounded in the thinking of the world’s leading researchers, he offers homage, too. If science is ending, he maintains, it is only because it has done its work so well.
Richard Feynman once quipped that "Time is what happens when nothing else does." But Julian Barbour disagrees: if nothing happened, if nothing changed, then time would stop. For time is nothing but change. It is change that we perceive occurring all around us, not time. Put simply, time does not exist. In this highly provocative volume, Barbour presents the basic evidence for a timeless universe, and shows why we still experience the world as intensely temporal. It is a book that strikes at the heart of modern physics. It casts doubt on Einstein's greatest contribution, the spacetime continuum, but also points to the solution of one of the great paradoxes of modern science, the chasm between classical and quantum physics. Indeed, Barbour argues that the holy grail of physicists--the unification of Einstein's general relativity with quantum mechanics--may well spell the end of time. Barbour writes with remarkable clarity as he ranges from the ancient philosophers Heraclitus and Parmenides, through the giants of science Galileo, Newton, and Einstein, to the work of the contemporary physicists John Wheeler, Roger Penrose, and Steven Hawking. Along the way he treats us to enticing glimpses of some of the mysteries of the universe, and presents intriguing ideas about multiple worlds, time travel, immortality, and, above all, the illusion of motion. The End of Time is a vibrantly written and revolutionary book. It turns our understanding of reality inside-out.
The essays in this collection are concerned with the philosophical problems that arise in connection with the understanding and evaluation of literature - such problems as the relationship between the work and the author (authorial intention), between the work and the world (reference and truth), the definition of a literary work, and the nature of literary theory itself. Professor Olsen attacks many of the orthodoxies of modern literary theory, in particular the enterprise to build a comprehensive systematic literary theory. His own work is informed by a consistent perspective: the assumption that literature is a social institution governed by conventions, and that answers to problems of interpretation and appreciation can be found only through an analysis of these conventions. This is an important book for scholars and students of literary theory and philosophy, especially for those who see an ever-increasing cross-fertilization between the two disciplines.
Author: Francis Fukuyama
Publisher: Simon and Schuster
Release Date: 2006-03-01
Ever since its first publication in 1992, The End of History and the Last Man has provoked controversy and debate. Francis Fukuyama's prescient analysis of religious fundamentalism, politics, scientific progress, ethical codes, and war is as essential for a world fighting fundamentalist terrorists as it was for the end of the Cold War. Now updated with a new afterword, The End of History and the Last Man is a modern classic.