Philosophical Reflections On The Economic Crisis

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Philosophy of Mathematics and Economics

Author : Thomas A. Boylan
Publisher : Routledge
ISBN 13 : 1351124544
Total Pages : 307 pages
Book Rating : 4.3/5 (511 download)

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Book Synopsis Philosophy of Mathematics and Economics by : Thomas A. Boylan

Download or read book Philosophy of Mathematics and Economics written by Thomas A. Boylan and published by Routledge. This book was released on 2018-04-09 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the failure of economics to predict the recent economic crisis, the image of economics as a rigorous mathematical science has been subjected to increasing interrogation. One explanation for this failure is that the subject took a wrong turn in its historical trajectory, becoming too mathematical. Using the philosophy of mathematics, this unique book re-examines this trajectory. Philosophy of Mathematics and Economics re-analyses the divergent rationales for mathematical economics by some of its principal architects. Yet, it is not limited to simply enhancing our understanding of how economics became an applied mathematical science. The authors also critically evaluate developments in the philosophy of mathematics to expose the inadequacy of aspects of mainstream mathematical economics, as well as exploiting the same philosophy to suggest alternative ways of rigorously formulating economic theory for our digital age. This book represents an innovative attempt to more fully understand the complexity of the interaction between developments in the philosophy of mathematics and the process of formalisation in economics. Assuming no expert knowledge in the philosophy of mathematics, this work is relevant to historians of economic thought and professional philosophers of economics. In addition, it will be of great interest to those who wish to deepen their appreciation of the economic contours of contemporary society. It is also hoped that mathematical economists will find this work informative and engaging.

Narrative Economics

Author : Robert J. Shiller
Publisher : Princeton University Press
ISBN 13 : 0691212074
Total Pages : 408 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Narrative Economics by : Robert J. Shiller

Download or read book Narrative Economics written by Robert J. Shiller and published by Princeton University Press. This book was released on 2020-09-01 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: From Nobel Prize–winning economist and New York Times bestselling author Robert Shiller, a groundbreaking account of how stories help drive economic events—and why financial panics can spread like epidemic viruses Stories people tell—about financial confidence or panic, housing booms, or Bitcoin—can go viral and powerfully affect economies, but such narratives have traditionally been ignored in economics and finance because they seem anecdotal and unscientific. In this groundbreaking book, Robert Shiller explains why we ignore these stories at our peril—and how we can begin to take them seriously. Using a rich array of examples and data, Shiller argues that studying popular stories that influence individual and collective economic behavior—what he calls "narrative economics"—may vastly improve our ability to predict, prepare for, and lessen the damage of financial crises and other major economic events. The result is nothing less than a new way to think about the economy, economic change, and economics. In a new preface, Shiller reflects on some of the challenges facing narrative economics, discusses the connection between disease epidemics and economic epidemics, and suggests why epidemiology may hold lessons for fighting economic contagions.

Reflections on the Greek Sovereign Debt Crisis

Author : Aristidis Bitzenis
Publisher : Cambridge Scholars Publishing
ISBN 13 : 1443867837
Total Pages : 396 pages
Book Rating : 4.4/5 (438 download)

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Book Synopsis Reflections on the Greek Sovereign Debt Crisis by : Aristidis Bitzenis

Download or read book Reflections on the Greek Sovereign Debt Crisis written by Aristidis Bitzenis and published by Cambridge Scholars Publishing. This book was released on 2014-09-26 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: The euro was generally considered a success in its first decade. Nevertheless, the “unanticipated” financial crisis in the summer of 2007 has developed gradually into the worst global economic crisis in post-war economic history and a sovereign debt crisis, calling into question the endurance of positive externalities under the current form of European economic integration. The experience of double-dip recessions in the core of the euro-area and the occurrence of a deflationary spiral in its southern periphery brings into question the wisdom of fiscal consolidation via austerity in the adjustment programmes adopted to exit the crisis. They also put into doubt the adequacy and efficiency of the European Economic and Monetary Union’s core elements, its political instruments and macroeconomic assumptions, as can be seen in the role of the Stability and Growth Pact and the stance of the European Central Bank. The title of this collective volume refers to the country where the European sovereign debt crisis began, while its contents concentrate on the extent to which this crisis should be a national or a European concern. Moreover, the focus on Greece stimulates discussion about the neglected factor of the shadow economy and the potential to boost government revenue through its successful transfer to the formal economy. The chapters address the inefficiencies of both euro-area institutions and policies adopted to exit the current predicament. Experts from several disciplines review the literature and critically evaluate the existence of issues such as contagion effects, domino effects, deflationary spirals, institutional efficiency and the reality of the option to exit the euro-area.

Theology of Money

Author : Philip Goodchild
Publisher : Duke University Press
ISBN 13 : 0822392550
Total Pages : 315 pages
Book Rating : 4.8/5 (223 download)

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Book Synopsis Theology of Money by : Philip Goodchild

Download or read book Theology of Money written by Philip Goodchild and published by Duke University Press. This book was released on 2009-06-22 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: Theology of Money is a philosophical inquiry into the nature and role of money in the contemporary world. Philip Goodchild reveals the significance of money as a dynamic social force by arguing that under its influence, moral evaluation is subordinated to economic valuation, which is essentially abstract and anarchic. His rigorous inquiry opens into a complex analysis of political economy, encompassing markets and capital, banks and the state, class divisions, accounting practices, and the ecological crisis awaiting capitalism. Engaging with Christian theology and the thought of Carl Schmitt, Georg Simmel, Karl Marx, Adam Smith, and many others, Goodchild develops a theology of money based on four contentions, which he elaborates in depth. First, money has no intrinsic value; it is a promise of value, a crystallization of future hopes. Second, money is the supreme value in contemporary society. Third, the value of assets measured by money is always future-oriented, dependent on expectations about how much might be obtained for those assets at a later date. Since this value, when realized, will again depend on future expectations, the future is forever deferred. Financial value is essentially a degree of hope, expectation, trust, or credit. Fourth, money is created as debt, which involves a social obligation to work or make profits to repay the loan. As a system of debts, money imposes an immense and irresistible system of social control on individuals, corporations, and governments, each of whom are threatened by economic failure if they refuse their obligations to the money system. This system of debt has progressively tightened its hold on all sectors and regions of global society. With Theology of Money, Goodchild aims to make conscious our collective faith and its dire implications.

A Philosopher's Economist

Author : Margaret Schabas
Publisher : University of Chicago Press
ISBN 13 : 022669125X
Total Pages : 335 pages
Book Rating : 4.2/5 (266 download)

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Book Synopsis A Philosopher's Economist by : Margaret Schabas

Download or read book A Philosopher's Economist written by Margaret Schabas and published by University of Chicago Press. This book was released on 2020-07-15 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reconsiders the centrality and legacy of Hume’s economic thought and serves as an important springboard for reflections on the philosophical underpinnings of economics. Although David Hume’s contributions to philosophy are firmly established, his economics has been largely overlooked. A Philosopher’s Economist offers the definitive account of Hume’s “worldly philosophy” and argues that economics was a central preoccupation of his life and work. Margaret Schabas and Carl Wennerlind show that Hume made important contributions to the science of economics, notably on money, trade, and public finance. Hume’s astute understanding of human behavior provided an important foundation for his economics and proved essential to his analysis of the ethical and political dimensions of capitalism. Hume also linked his economic theory with policy recommendations and sought to influence people in power. While in favor of the modern commercial world, believing that it had and would continue to raise standards of living, promote peaceful relations, and foster moral refinement, Hume was not an unqualified enthusiast. He recognized many of the underlying injustices of capitalism, its tendencies to promote avarice and inequality, as well as its potential for political instability and absolutism. Hume’s imprint on modern economics is profound and far-reaching, whether through his close friend Adam Smith or later admirers such as John Maynard Keynes and Friedrich Hayek. Schabas and Wennerlind’s book compels us to reconsider the centrality and legacy of Hume’s economic thought—for both his time and ours—and thus serves as an important springboard for reflections on the philosophical underpinnings of economics.

Ethical Reflections on the Financial Crisis 2007/2008

Author : Wilfried Ver Eecke
Publisher : Springer Science & Business Media
ISBN 13 : 3642350917
Total Pages : 109 pages
Book Rating : 4.6/5 (423 download)

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Book Synopsis Ethical Reflections on the Financial Crisis 2007/2008 by : Wilfried Ver Eecke

Download or read book Ethical Reflections on the Financial Crisis 2007/2008 written by Wilfried Ver Eecke and published by Springer Science & Business Media. This book was released on 2013-01-05 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book the author reflects on the philosophical and ethical bases of the financial crisis 2007-08 and the subsequent recession. He finds in Adam Smith solid arguments for the new free market economy, capitalism, but also arguments for a role for the government in the case of public goods (roads) and of merit goods (education, control of banking). Where the provision of public goods requires that the government respect consumer sovereignty there the provision of merit goods legitimizes the violation of that principle. By making use of the history of economic thought (e.g., the neo-liberal tradition) the author demonstrates that Musgrave’s idea of merit goods can be expanded to eleven domains in which the government has an important function. He legitimizes that move by using the Kantian argument that we must accept the possibility conditions for what we want. The author demonstrates that Rajan, Reich and Reinhart & Rogoff make use of seven of his eleven categories of merit goods in order to explain the financial crisis 2007-08 and the subsequent recession. The author thereby provides a philosophical and ethical analysis of the government's failures at the basis of the financial crisis.

Philosophy in the Time of Economic Crisis

Author : Kenneth W. Stikkers
Publisher : Routledge
ISBN 13 : 1351687239
Total Pages : 357 pages
Book Rating : 4.3/5 (516 download)

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Book Synopsis Philosophy in the Time of Economic Crisis by : Kenneth W. Stikkers

Download or read book Philosophy in the Time of Economic Crisis written by Kenneth W. Stikkers and published by Routledge. This book was released on 2017-08-23 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: For over 2000 years, economics was studied in the West as a branch of ethics, or moral philosophy. Presently, though, few economists and no textbook in economic orthodoxy claim any close connection between economic science and philosophy. However, might the current ‘crises’ in economics, and in the economics profession have their deep roots in the separation of economics from philosophy and ethics? American pragmatism, among the various contemporary philosophic traditions, lends itself specially to dialogue with economics because of its view of philosophy as an instrument for solving the real, concrete problems of human life, both personal and social. The essays in this volume, drawing heavily on the tradition of pragmatism, suggest that the economic crises of our time (the 2008 collapse of real estate and finance markets) might not be merely technical in nature - that is, the result of faulty applications of economic tools by politicians and policy makers, based up conventional economic models - but also due to the faulty philosophical assumptions underlying those models. These essays suggest that the overcoming of our current economic crises requires that economists once again become moral philosophers, or that philosophers once again engage themselves in economic matters. In either case, this volume aims to foster dialogue between the two disciplines and in that way, contribute to the improvement of contemporary economic life. This book is suitable for those who study political economy, economic theory and economic philosophy.

Between Tradition and Modernity: Philosophical Reflections on the Modernization of Chinese Culture

Author : Li Zonggui
Publisher : Chartridge Books Oxford
ISBN 13 : 1909287970
Total Pages : 429 pages
Book Rating : 4.9/5 (92 download)

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Book Synopsis Between Tradition and Modernity: Philosophical Reflections on the Modernization of Chinese Culture by : Li Zonggui

Download or read book Between Tradition and Modernity: Philosophical Reflections on the Modernization of Chinese Culture written by Li Zonggui and published by Chartridge Books Oxford. This book was released on 2015-04-12 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses contemporary Chinese philosophy. It is the is the outcome of the author's own twenty year-long studies on the relationship between modernization and Chinese culture from the perspective of cultural reconstruction and philosophical reflection. The book highlights the author's opinions and research outcomes. Part I Culture 1 1 The Basic Spirit of Ancient Chinese Culture I. Schools of thought on the basic spirit of ancient Chinese culture II. The cultural spirit with humanism as its core 2 Types and Characteristics of Chinese Culture I. The culture of ethical politics that seeks good governance II. Characteristics of the studies of ancient Chinese culture 3 Thinkers and Cultural Traditions I. Thinkers and connotations of cultural traditions II. The major cultural tradition promoted by thinkers III. The main approaches taken by the thinkers to shaping cultural traditions IV. The relationship between thinkers and the cultural traditions V. Absorbing historic resources and reconstructing the cultural traditions 4 The Study of Ancient Chinese Culture and the Spirit of the Times I. The connotation, content and scope of studies of ancient Chinese culture II. The essence of the debate about ancient Chinese culture is how to achieve China’s modernization III. The interaction between ancient Chinese culture and the spirit of the times 5 Ancient Chinese Culture and the Chinese Spiritual Homeland I. What is the spiritual homeland? Anient Chinese culture III. Constructing the Chinese spiritual homeland 6 Traditional Chinese Thought on Humanism I. The indomitable spirit of observing the Way II. The ideal of worshipping the mean and valuing harmony III. The consciousness of tolerance of "cultural China" IV. The conservative and innovative consciousness of evolution V. The pursuit of morality and justice VI. The function of traditional Chinese humanism 7 Issues of the Chinese Culture and the Chinese Spirit I. The connotation and function of cultural spirit and national spirit II. The relationship between Chinese culture and the Chinese spirit III. The innovative study of the spirit of Chinese culture IV. The human spirit, cultural spirit and national spirit 8 The Developmental Direction of Chinese Culture and the Self-improvement of National Spirit: The Efforts of Chinese Cultural Modernization from the Perspective of Three "Cultural Declarations" I. The main content and the value themes of the three "Cultural Declarations" II. The value of the modern neo-Confucian "Cultural Declaration" III. The similarities and differences of the three "Cultural Declarations" IV. The enlightenment of the three "Cultural Declarations" for developmental directions of Chinese culture 9 Cultural Criticism and the Value Reconstruction: A prospective look at the future of Chinese culture I. Cultural critique, values reconstruction and civilization renaissance II. The cultural criticism and value reconstruction in the course of modern history III. The modern spiritual direction of reconstructing the values 10 National Cultural Qualities and Rebuilding the Humanistic Spirit I. The quality of national culture is a diverse and open system II. The value orientations of the human spirit III. The relationship between the cultural qualities of the nation and the spirit of humanity IV. How to rebuild the human spirit V. The main contents of the new humanistic spirit vi Between Tradition and Modernity 11 Economic Globalization and the Construction of National Culture I. Economic globalization cannot counteract cultural nationality II. A rational view of nationalism III. Adhering to and enhancing the cultural nationality 12 Cultural Globalization and Cultural Construction in Contemporary China I. "Cultural globalization" is a factual judgment II. Cultural globalization is subordinate to cultural diversity Part II Philosophy 13 Confucian Cultural Tradition and National Cohesion I. The specifi c meaning of the traditional Confucian culture and its spiritual values II. The cultural connotation of Chinese national cohesion and modern values III. The relationship between tradition of Confucian culture and Chinese national cohesion 14 Confucian Culture and the Construction of a Contemporary Humanistic Spirit I. A rational pursuit of Confucian culture II. The practical needs of contemporary culture building III. The positive value of Confucian culture and the construction of contemporary humanistic spirit 15 Approaches to Promoting Economic Development through Confucian Culture I. Dual roles of Confucian culture in economic development II. A practical approach to promoting economic development through Confucian culture 16 Modernization and Marginalization of Confucianism I. The origin and connotation of modernization and marginalization of Confucianism II. On the modernization of Confucianism III. On the marginalization of Confucianism IV. The tension between the modernization and marginalization of Confucianism 17 Confucianism and Schools of Thoughts in Modern China. I. Tripartite situation of culture: Conservatives, reformists and revolutionaries II. Academic schools of thought: Marxism, Western schools and Neo-Confucianism III. Approaches to cultural reconstruction: Seeking gradual improvement through radical means IV. The contemporary fate of Confucianism 18 Formation of Ruling by Rites in the Han dynasty and its Ideological Features I. The embryonic stage of ruling by rites: The establishment of the country by the Emperor Gaozu of Han to the period of Emperors Wendi and Jingdi of the Han dynasty II. The establishment stage of ruling by rites: the periods from Emperor Wudi to Emperors Zhaodi and Xuandi of the Han dynasty III. The mature stages: During the period of Emperor Zhangdi of the Eastern Han dynasty IV. The ideological characteristics of the Han dynasty 19 The Political Philosophy of Dong Zhongshu I. The political theory of benevolent governance with morality given priority over penalty II. The theory of the historical cycle of three unities III. The theory of political order of "Heaven changeth not, likewise the Way changeth not" 20 Dong Zhongshu’s Thought on Heaven and Man and its Signifi cance in Cultural History I. The theory of mutual interaction between Heaven and humanity II. The theory of harmony between man and nature III. The theory of the unity of nature and mankind with the ruler in the center IV. The signifi cance of Dong Zhongshu’s theory of nature and mankind in cultural history 21 Dong Zhongshu’s Way of Thinking I. The integrated logical approach of analogy and alignment II. The holistic, intuitive and experiential way of thinking III. The reform principles of respecting Heaven and the practice of the ancient times viii Between Tradition and Modernity 22 The Cultural Interpretation of Dong Zhongshu’s ideal I. The great aspiration and noble ideal of the unity of the country II. The pursuit of harmony and fairness III. The strategic vision of long-term stability 23 The Confucian Orientation and Characteristics of the New School in Kang Youwei’s "On Dong Zhongshu’s Study of Spring-Autumn" I. The structure of On Dong Zhongshu’s Study of Spring-Autumn 330 II. The content and themes of "On Dong Zhongshu’s Study of Spring-Autumn" III. "On Dong Zhongshu’s Study of Spring-Autumn" and the Reformation Movement IV. The Guangdong fl avor of "On Dong Zhongshu’s Study of Spring-Autumn" 24 Challenges and Issues of Developing Contemporary Neo-Confucianism I. The dilemma between openness and conservatism II. The gap between the ambition of reviving Confucianism and the desolate reality of the Confucian school III. The confl ict between the traditional values and norms of "Back to Basics" and the modern concept of openness IV. The divorce between the spirit of criticism and the consciousness of self-refl ection V. The paradox between the intentions of modernizing Confucianism and the reality of its marginalization VI. The total lack of an ideal carrier of Confucian values and ideals 25 A Close Examination of the Study of Chinese Philosophy in the 20th Century and a Prospective Look at its Development in the New Century I. The fi rst half of the twentieth century II. The second half of the twentieth century III. Achievements and shortcomings in the century IV. A look into the new century The Postscript of the English version

Good Value

Author : Stephen Green
Publisher : Penguin UK
ISBN 13 : 0141042427
Total Pages : 234 pages
Book Rating : 4.1/5 (41 download)

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Book Synopsis Good Value by : Stephen Green

Download or read book Good Value written by Stephen Green and published by Penguin UK. This book was released on 2009-07-02 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stephen Green - current Chairman of HSBC and ordained priest - believes above all that our lives should be lived with integrity. And more than that- these beliefs should not be left at the boardroom door. In Good Value, he argues that our businesses have a duty to society and explores how those of us who work in a profit-making workplace can combine our spiritual and ethical selves with our everyday work. Examining money markets across the globe and through the ages in a fascinating study of history, politics, religion and economics, Stephen Green shows how financial progress shouldn't mean an end to ethics at work.

Philosophical Reflections On The Economic Crisis

Author : Marc Batko
Publisher :
ISBN 13 : 9783668505247
Total Pages : pages
Book Rating : 4.5/5 (52 download)

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Book Synopsis Philosophical Reflections On The Economic Crisis by : Marc Batko

Download or read book Philosophical Reflections On The Economic Crisis written by Marc Batko and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Indebted

Author : Kathryn A. Kozaitis
Publisher : Oxford University Press, USA
ISBN 13 : 9780190090142
Total Pages : 256 pages
Book Rating : 4.0/5 (91 download)

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Book Synopsis Indebted by : Kathryn A. Kozaitis

Download or read book Indebted written by Kathryn A. Kozaitis and published by Oxford University Press, USA. This book was released on 2020-01-24 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This engagingly written and deeply ethnographic work examines the economic and political factors that led to the Greek debt crisis, including financial pressures from international lenders, unregulated spending by the Greek government, predatory bank loans, and rising unemployment. Indebted looks closely at the cultural dimensions of the crisis: how middle class urbanites experienced the shock of a global fiscal collapse, managed societal instability, and worked to sustain their families in the face of structural pressures, local instabilities, and moral imperatives. Author Kathryn A. Kozaitis based her analysis on ethnographic research in Thessaloniki, the second largest city and co-capital of Greece, during the summer of 2009, 2011-2012, and ethnographic updates in 2013-2019. She places particular emphasis on the lived experience of Thessalonikians in what emerged as a culture of crisis--collective, patterned behaviors, thoughts, and emotions characteristic of a people in sociocultural transformation--in an uncertain present marked by past realities and future imaginaries. The book synthesizes hundreds of crisis narratives, depicting Thessalonikians' responses to their country's political disaster and downward mobility through the themes of loss and displacement; blame and accountability; reconfigurations of kinship roles and responsibilities; emotional and intellectual awakenings; and emergent indicators of survival, continuity, and renewal through alternative praxis. Indebted is a volume in the series ISSUES OF GLOBALIZATION: CASE STUDIES IN CONTEMPORARY ANTHROPOLOGY, which examines the experiences of individual communities in our contemporary world. Each volume offers a brief and engaging exploration of a particular issue arising from globalization and its cultural, political, and economic effects on certain peoples or groups.

The Euro and the Battle of Ideas

Author : Markus K. Brunnermeier
Publisher : Princeton University Press
ISBN 13 : 0691178410
Total Pages : 456 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis The Euro and the Battle of Ideas by : Markus K. Brunnermeier

Download or read book The Euro and the Battle of Ideas written by Markus K. Brunnermeier and published by Princeton University Press. This book was released on 2018-09-18 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: How philosophical differences between Eurozone nations led to the Euro crisis—and where to go from here Why is Europe’s great monetary endeavor, the Euro, in trouble? A string of economic difficulties in Eurozone nations has left observers wondering whether the currency union can survive. In this book, Markus Brunnermeier, Harold James, and Jean-Pierre Landau argue that the core problem with the Euro lies in the philosophical differences between the founding countries of the Eurozone, particularly Germany and France. But the authors also show how these seemingly incompatible differences can be reconciled to ensure Europe’s survival. Weaving together economic analysis and historical reflection, The Euro and the Battle of Ideas provides a forensic investigation and a road map for Europe’s future.

The End of Theory

Author : Richard Bookstaber
Publisher : Princeton University Press
ISBN 13 : 0691191859
Total Pages : 236 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis The End of Theory by : Richard Bookstaber

Download or read book The End of Theory written by Richard Bookstaber and published by Princeton University Press. This book was released on 2019-04-02 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. The End of Theory 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. Richard 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. Sweeping aside the historic failure of twentieth-century economics, The End of Theory offers a novel perspective and more realistic framework to help prevent today's financial system from blowing up again.

State of Crisis

Author : Zygmunt Bauman
Publisher : John Wiley & Sons
ISBN 13 : 0745685293
Total Pages : 151 pages
Book Rating : 4.7/5 (456 download)

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Book Synopsis State of Crisis by : Zygmunt Bauman

Download or read book State of Crisis written by Zygmunt Bauman and published by John Wiley & Sons. This book was released on 2014-07-17 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today we hear much talk of crisis and comparisons are often made with the Great Depression of the 1930s, but there is a crucial difference that sets our current malaise apart from the 1930s: today we no longer trust in the capacity of the state to resolve the crisis and to chart a new way forward. In our increasingly globalized world, states have been stripped of much of their power to shape the course of events. Many of our problems are globally produced but the volume of power at the disposal of individual nation-states is simply not sufficient to cope with the problems they face. This divorce between power and politics produces a new kind of paralysis. It undermines the political agency that is needed to tackle the crisis and it saps citizens’ belief that governments can deliver on their promises. The impotence of governments goes hand in hand with the growing cynicism and distrust of citizens. Hence the current crisis is at once a crisis of agency, a crisis of representative democracy and a crisis of the sovereignty of the state. In this book the world-renowned sociologist Zygmunt Bauman and fellow traveller Carlo Bordoni explore the social and political dimensions of the current crisis. While this crisis has been greatly exacerbated by the turmoil following the financial crisis of 2007-8, Bauman and Bordoni argue that the crisis facing Western societies is rooted in a much more profound series of transformations that stretch back further in time and are producing long-lasting effects. This highly original analysis of our current predicament by two of the world’s leading social thinkers will be of interest to a wide readership.

A Failure of Capitalism

Author : Richard A. Posner
Publisher : Harvard University Press
ISBN 13 : 9780674051294
Total Pages : 372 pages
Book Rating : 4.0/5 (512 download)

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Book Synopsis A Failure of Capitalism by : Richard A. Posner

Download or read book A Failure of Capitalism written by Richard A. Posner and published by Harvard University Press. This book was released on 2011-05-31 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial and economic crisis that began in 2008 is the most alarming of our lifetime because of the warp-speed at which it is occurring. How could it have happened, especially after all that we've learned from the Great Depression? Why wasn't it anticipated so that remedial steps could be taken to avoid or mitigate it? What can be done to reverse a slide into a full-blown depression? Why have the responses to date of the government and the economics profession been so lackluster? Richard Posner presents a concise and non-technical examination of this mother of all financial disasters and of the, as yet, stumbling efforts to cope with it. No previous acquaintance on the part of the reader with macroeconomics or the theory of finance is presupposed. This is a book for intelligent generalists that will interest specialists as well. Among the facts and causes Posner identifies are: excess savings flowing in from Asia and the reckless lowering of interest rates by the Federal Reserve Board; the relation between executive compensation, short-term profit goals, and risky lending; the housing bubble fuelled by low interest rates, aggressive mortgage marketing, and loose regulations; the low savings rate of American people; and the highly leveraged balance sheets of large financial institutions. Posner analyzes the two basic remedial approaches to the crisis, which correspond to the two theories of the cause of the Great Depression: the monetarist--that the Federal Reserve Board allowed the money supply to shrink, thus failing to prevent a disastrous deflation--and the Keynesian--that the depression was the product of a credit binge in the 1920's, a stock-market crash, and the ensuing downward spiral in economic activity. Posner concludes that the pendulum swung too far and that our financial markets need to be more heavily regulated. Read Richard Posner's blog, and his latest article in The Atlantic.

Philosophy of Economics

Author :
Publisher : Elsevier
ISBN 13 : 0080930778
Total Pages : 929 pages
Book Rating : 4.0/5 (89 download)

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Book Synopsis Philosophy of Economics by :

Download or read book Philosophy of Economics written by and published by Elsevier. This book was released on 2012-04-23 with total page 929 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part of the Handbook of the Philosophy of Science Series edited by: Dov M. Gabbay King's College, London, UK;Paul Thagard University of Waterloo, Canada; and John Woods University of British Columbia, Canada. Philosophy of Economics investigates the foundational concepts and methods of economics, the social science that analyzes the production, distribution and consumption of goods and services. This groundbreaking collection, the most thorough treatment of the philosophy of economics ever published, brings together philosophers, scientists and historians to map out the central topics in the field. The articles are divided into two groups. Chapters in the first group deal with various philosophical issues characteristic of economics in general, including realism and Lakatos, explanation and testing, modeling and mathematics, political ideology and feminist epistemology. Chapters in the second group discuss particular methods, theories and branches of economics, including forecasting and measurement, econometrics and experimentation, rational choice and agency issues, game theory and social choice, behavioral economics and public choice, geographical economics and evolutionary economics, and finally the economics of scientific knowledge. This volume serves as a detailed introduction for those new to the field as well as a rich source of new insights and potential research agendas for those already engaged with the philosophy of economics. - Provides a bridge between philosophy and current scientific findings - Encourages multi-disciplinary dialogue - Covers theory and applications

The Federal Reserve and the Financial Crisis

Author : Ben Bernanke
Publisher : Princeton University Press
ISBN 13 : 0691158738
Total Pages : 144 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis The Federal Reserve and the Financial Crisis by : Ben Bernanke

Download or read book The Federal Reserve and the Financial Crisis written by Ben Bernanke and published by Princeton University Press. This book was released on 2013-02-24 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Collects the transcripts of a series of lectures given by Federal Reserve Chairman Ben Bernanke about the 2008 financial crisis as part of a course at George Washington University on the role of the Federal Reserve in the economy.