An Engine, Not a Camera - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook An Engine, Not a Camera write by Donald MacKenzie. This book was released on 2008-08-29. An Engine, Not a Camera available in PDF, EPUB and Kindle. In An Engine, Not a Camera, Donald MacKenzie argues that the emergence of modern economic theories of finance affected financial markets in fundamental ways. These new, Nobel Prize-winning theories, based on elegant mathematical models of markets, were not simply external analyses but intrinsic parts of economic processes. Paraphrasing Milton Friedman, MacKenzie says that economic models are an engine of inquiry rather than a camera to reproduce empirical facts. More than that, the emergence of an authoritative theory of financial markets altered those markets fundamentally. For example, in 1970, there was almost no trading in financial derivatives such as "futures." By June of 2004, derivatives contracts totaling $273 trillion were outstanding worldwide. MacKenzie suggests that this growth could never have happened without the development of theories that gave derivatives legitimacy and explained their complexities. MacKenzie examines the role played by finance theory in the two most serious crises to hit the world's financial markets in recent years: the stock market crash of 1987 and the market turmoil that engulfed the hedge fund Long-Term Capital Management in 1998. He also looks at finance theory that is somewhat beyond the mainstream—chaos theorist Benoit Mandelbrot's model of "wild" randomness. MacKenzie's pioneering work in the social studies of finance will interest anyone who wants to understand how America's financial markets have grown into their current form.
The Economics of Economists
The Economics of Economists - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Economics of Economists write by Alessandro Lanteri. This book was released on 2014-06-05. The Economics of Economists available in PDF, EPUB and Kindle. Leading scholars investigate the profession of academic economics, with a focus on the intellectual environment and incentives for economic research.
Extravagance and Misery
Extravagance and Misery - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Extravagance and Misery write by Alan Thomas. This book was released on 2024-10-22. Extravagance and Misery available in PDF, EPUB and Kindle. In Extravagance and Misery: The Emotional Regime of Market Societies, Alan Thomas, Alfred Archer, and Bart Engelen investigate the extensive and growing economic inequalities that characterize the affluent market societies of the West. Drawing on insights from political philosophy and the new science of happiness, they show the damaging impact that existing inequalities have on our well-being, and offer an explanation for what went wrong in our highly unequal and frequently unhappy societies. Combining the approaches of philosophy and political economy, the authors expose the economic, social and political mechanisms that create and perpetuate economic inequalities. They employ research from the new science of happiness to assess the impact of those mechanisms on the well-being of the poor, the middle class and the rich. They scrutinize the role of key emotions, such as shame (amongst the poor), envy and admiration (towards and for the rich) as well as discussing which emotional narratives serve to justify and entrench excessive inequalities in income and wealth. The result is an explanation of the emotional regime that characterizes our capitalist societies and that perpetuates the unfair gap between the extravagance of the rich and the misery of the poor. Extravagance and Misery concludes with a proposal of how to re-shape this emotional regime in the interests of justice and solidarity.
Biometric State
Biometric State - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Biometric State write by Keith Breckenridge. This book was released on 2014-10-02. Biometric State available in PDF, EPUB and Kindle. Biometric identification and registration systems are being proposed by governments and businesses across the world. Surprisingly they are under most rapid, and systematic, development in countries in Africa and Asia. In this groundbreaking book, Keith Breckenridge traces how the origins of the systems being developed in places like India, Mexico, Nigeria and Ghana can be found in a century-long history of biometric government in South Africa, with the South African experience of centralized fingerprint identification unparalleled in its chronological depth and demographic scope. He shows how empire, and particularly the triangular relationship between India, the Witwatersrand and Britain, established the special South African obsession with biometric government, and shaped the international politics that developed around it for the length of the twentieth century. He also examines the political effects of biometric registration systems, revealing their consequences for the basic workings of the institutions of democracy and authoritarianism.
Institutional Investors in Global Markets
Institutional Investors in Global Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Institutional Investors in Global Markets write by Gordon L Clark. This book was released on 2017-05-12. Institutional Investors in Global Markets available in PDF, EPUB and Kindle. Institutional Investors in Global Market provides you with a comprehensive overview about what institutional investors do, how they do it, and when and where they do it; it is about the production of investment returns in the global economy. Being a book about the production process, you learn about key issues found in the academic literature on the theory of the firm. In this case, the focus is on the global financial services industry, where the building blocks underpinning the study of industrial corporations are less relevant. You gain an understanding of how and why the production of investment returns differs from that of manufactured goods. You are provided with an analytical framework that situates financial institutions within the complex web of the intermediaries that dominate developed financial markets. In summary, you gain further insights into analysis of the organization and management of institutional investors; as well as an analysis of the global financial services industry.
