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Author: Richard Newhauser
Publisher: Cambridge University Press
ISBN: 1139425013
Category : Literary Criticism
Languages : en
Pages : 266
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Book Description
The history of avarice as the deadliest vice in western Europe has been said to begin in earnest only with the rise of capitalism or, earlier, the rise of a money economy. In this first full-length study of the early history of greed, Richard Newhauser shows that avaritia, the sin of greed for possessions, has a much longer history, and is more important for an understanding of the Middle Ages, than has previously been allowed. His examination of theological and literary texts composed between the first century CE and the tenth century reveals new significance in the portrayal of various kinds of greed, to the extent that by the early Middle Ages avarice was available to head the list of vices for authors engaged in the task of converting others from pagan materialism to Christian spirituality.
Author: Richard Newhauser
Publisher: Cambridge University Press
ISBN: 1139425013
Category : Literary Criticism
Languages : en
Pages : 266
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Book Description
The history of avarice as the deadliest vice in western Europe has been said to begin in earnest only with the rise of capitalism or, earlier, the rise of a money economy. In this first full-length study of the early history of greed, Richard Newhauser shows that avaritia, the sin of greed for possessions, has a much longer history, and is more important for an understanding of the Middle Ages, than has previously been allowed. His examination of theological and literary texts composed between the first century CE and the tenth century reveals new significance in the portrayal of various kinds of greed, to the extent that by the early Middle Ages avarice was available to head the list of vices for authors engaged in the task of converting others from pagan materialism to Christian spirituality.
Author: David E. Y. Sarna
Publisher: John Wiley & Sons
ISBN: 0470601809
Category : Business & Economics
Languages : en
Pages : 418
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Book Description
The “greater fool” theory of economics states that it’s possible to make money by buying paper (securities), whether overvalued or not, and later, selling it at a profit because there will always be an even greater fool willing to pay the higher price. Many described in this book profited by peddling such worthless junk to foolish investors. But for some people—Bernie Madoff, Norman Hsu, Sholam Weiss, and “Crazie Eddie” Antar, aka the “Darth Vader of Capitalism”—overvalued securities were not enough. Outright fraud was their way of life. History of Greed is the compelling inside story of the names you know—Charles Ponzi, Baron Rothschild, Lou Pearlman—and the names you don’t—Isaac Le Maire, the world’s first “naked” short-seller. It’s also our story—why we ignore the lessons of the past and fall prey, most every time, to the promise of easy money. For thousands of years, alchemists unsuccessfully tried to turn worthless base metals into gold. Where science failed at turning nothing into something, business succeeded. Sometimes we praise the creators of derivatives, collateral debt obligations, subprime mortgages, credit default swaps, or auction rate securities as Wall Street’s new financial wizards, the creators of “magic paper.” Other times, we vilify and prosecute them as scam artists. Sometimes, it’s hard to tell who is who. History of Greed reveals the inside secrets of how the markets really work, and how scam artists abuse them to gain an unfair edge or to outright steal. It describes how luftgescheft (“air business”), wizardry, dishonesty, and fraud are used to swindle people. Along with a comprehensive bibliography, History of Greed also details: 400 years of financial fraud—from everyday fraud to the odd and unusual Accounting fraud (phantom sales), stock option fraud (backdating), auction rate securities, hedge fund fraud, Ponzi schemes, promotion fraud (pump-and-dump scams), and money laundering How to detect fraudulent schemes How government regulation only fixes yesterday’s problems If it’s too good to be true, it probably is. If they say you can’t lose, you probably will. History of Greed shows that there really is no such thing as a free lunch, while also detailing how not to become the “greater fool.”
Author: Jeff Madrick
Publisher: Vintage
ISBN: 1400075661
Category : Business & Economics
Languages : en
Pages : 482
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Book Description
A vivid history of the recent economics of greed in the United States. This book explores how the pursuit of immense personal wealth has led to economic inequity and instability in the country. “A fascinating and deeply disturbing tale of hypocrisy, corruption, and insatiable greed. . . . A much-needed reminder of just how we got into the mess we’re in.”—The New York Review of Books Age of Greed shows how the single-minded and selfish pursuit of immense personal wealth has been on the rise in the United States. Economic journalist Jeff Madrick tells this story through incisive profiles of the individuals responsible for this dramatic shift in our country’s fortunes, from the architects of the free-market economic philosophy (such as Milton Friedman and Alan Greenspan) to the politicians and businessmen (including Nixon, Reagan, Boesky, and Soros) who put it into practice. The stories detail how a movement initially conceived as a moral battle for freedom instead brought about some of our nation's most pressing economic problems, including the intense economic inequity and instability America suffers from today. This is an indispensible guide to understanding the 1 percent.
Author: Prasanta Ray
Publisher: Taylor & Francis
ISBN: 0429016581
Category : Business & Economics
Languages : en
Pages : 161
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Book Description
The Sociology of Greed examines crises in financial institutions such as banks from the vantage point of the greed of the people at their helm. It offers an intensive analysis of the banking crises under the conditions of colonial capitalism in early twentieth-century Bengal that led to institutional and social collapse. Breaking new ground, the book looks at the moral economy of capitalism and money culture by focusing on the victims of banking crises, hitherto unexplored in Western empirical research. Through sociological analyses of political economy, it seamlessly combines archival records, survey and statistical data with literary narratives, realist fiction and performing arts to recount how the greed of bank owners and managers ruined their institutions as well as common people. It argues that greed turns perilous when the state and the market facilitate its agency, and it examines the contexts and histories, the indifference of the fledgling colonial state, feeble political response, and the consequences for those who were impacted and the losses, especially the refugees, the lower-middle class and women. The volume also re-composes relevant elements of Western sociological scholarship from classical theories to early twenty-first-century financial sociology. An insightful account of the social history of banking in India, this book will greatly interest researchers and scholars in sociology, economics, history and cultural studies.
Author: Richard G. Newhauser
Publisher:
ISBN:
Category :
Languages : en
Pages : 246
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Book Description
Author: Catherine Kovesi
Publisher:
ISBN: 9782503580128
Category : Consumption (Economics)
Languages : en
Pages : 338
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Book Description
This book unravels the complex interaction of the paradigms of luxury and greed which lie at the origins of modern consumption practices. In the Western world, the phenomenon of luxury and the ethical dilemmas it raised appeared, for the first time since antiquity, in early modern Italy. Here, luxury emerged as a core idea in the conceptualization of consumption. Simultaneously, greed - which manifested in new and unrestrained consumption practices - came under close ethical scrutiny. As the buying power of new classes gained pace, these paradigms evolved as they continued both to influence, and be influenced by, other emerging global cultures through the early modern period.00After defining luxury and greed in their historical contexts, the volume?s chapters elucidate new consumptive goods, from chocolate to official robes of state; they examine how ideas about, and objects of, luxury and greed were disseminated through print, diplomacy, and gift-giving; and they reveal how even the most elite of consumers could fake their luxury objects. A group of international scholars from a range of disciplines thereby provide a new appraisal and vision of luxury and the ethics of greed in early modern Italy.
Author: Jay W. Richards
Publisher: Harper Collins
ISBN: 0061874566
Category : Business & Economics
Languages : en
Pages : 276
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Book Description
In Money, Greed, and God: Why Capitalism is the Solution and Not the Problem, Senior Fellow at the Discovery Institute Jay W. Richards and bestselling author of Indivisible: Restoring Faith, Family, and Freedom Before It's Too Late and Infiltrated: How to Stop the Insiders and Activists Who Are Exploiting the Financial Crisis to Control Our Lives and Our Fortunes, defends capitalism within the context of the Christian faith, revealing how entrepreneurial enterprise, based on hard work, honesty, and trust, actually fosters creativity and growth. In doing so, Money, Greed, and God exposes eight myths about capitalism, and demonstrates that a good Christian can be a good capitalist.
Author: Jared Poley
Publisher: Berghahn Books
ISBN: 1785331272
Category : History
Languages : en
Pages : 225
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Book Description
A seeming constant in the history of capitalism, greed has nonetheless undergone considerable transformations over the last five hundred years. This multilayered account offers a fresh take on an old topic, arguing that greed was experienced as a moral phenomenon and deployed to make sense of an unjust world. Focusing specifically on the interrelated themes of religion, economics, and health—each of which sought to study and channel the power of financial desire—Jared Poley shows how evolving ideas about greed became formative elements of the modern experience.
Author: Jonathan Patterson
Publisher:
ISBN: 0198716516
Category : Literary Criticism
Languages : en
Pages : 337
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Book Description
Why did people talk so much about avarice in late Renaissance France, nearly a century before Moliere's famous comedy, L'Avare? As wars and economic crises ravaged France on the threshold of modernity, avarice was said to be flourishing as never before. Yet by the late sixteenth century, a number of French writers would argue that in some contexts, avaricious behaviour was not straightforwardly sinful or harmful. Considerations of social rank, gender, object pursued, time, and circumstance led some to question age-old beliefs. Traditionally reviled groups (rapacious usurers, greedy lawyers, miserly fathers, covetous women) might still exhibit unmistakable signs of avarice -- but perhaps not invariably, in an age of shifting social, economic and intellectual values. Across a large, diverse corpus of French texts, Jonathan Patterson shows how a range of flexible genres nourished by humanism tended to offset traditional condemnation of avarice and avares with innovative, mitigating perspectives, arising from subjective experience. In such writings, an avaricious disposition could be re-described as something less vicious, excusable, or even expedient. In this word history of avarice, close readings of well-known authors (Marguerite de Navarre, Ronsard, Montaigne), and of their lesser-known contemporaries are connected to broader socio-economic developments of the late French Renaissance (c.1540-1615). The final chapter situates key themes in relation to Moliere's L'Avare. As such, Representing Avarice in Late Renaissance France newly illuminates debates about avarice within broader cultural preoccupations surrounding gender, enrichment and status in early modern France.
Author: Ryan K. Balot
Publisher: Princeton University Press
ISBN: 0691220158
Category : History
Languages : en
Pages : 303
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Book Description
In this original and rewarding combination of intellectual and political history, Ryan Balot offers a thorough historical and sociological interpretation of classical Athens centered on the notion of greed. Integrating ancient philosophy, poetry, and history, and drawing on modern political thought, the author demonstrates that the Athenian discourse on greed was an essential component of Greek social development and political history. Over time, the Athenians developed sophisticated psychological and political accounts of acquisitiveness and a correspondingly rich vocabulary to describe and condemn it. Greed figures repeatedly as an object of criticism in authors as diverse as Solon, Thucydides, and Plato--all of whom addressed the social disruptions caused by it, as well as the inadequacy of lives focused on it. Because of its ethical significance, greed surfaced frequently in theoretical debates about democracy and oligarchy. Ultimately, critiques of greed--particularly the charge that it is unjust--were built into the robust accounts of justice formulated by many philosophers, including Plato and Aristotle. Such critiques of greed both reflected and were inextricably knitted into economic history and political events, including the coups of 411 and 404 B.C. Balot contrasts ancient Greek thought on distributive justice with later Western traditions, with implications for political and economic history well beyond the classical period. Because the belief that greed is good holds a dominant position in modern justifications of capitalism, this study provides a deep historical context within which such justifications can be reexamined and, perhaps, found wanting.
