Author: Eli Ginzberg
Publisher: Routledge
ISBN: 1351481029
Category : Business & Economics
Languages : en
Pages : 263
Get Book Here
Book Description
In one of the foremost critiques of the widespread view that in market-based economics the fluctuations of the marketplace are essentially self-regulating, Eli Ginzberg argues the reverse. He asserts that government regulation or intervention to provide stability in the capitalist marketplace is a necessity. In this classic statement of macroeconomic theory, Ginzberg argues that self-directed stable economies, devoid of an appreciation of social and psychological factors, are essentially illusory. The ability of strong blocs--corporate, labor, and agricultural--to control the market in the hope of bettering their economic position places great difficulties in the path of securing a stable economy. For Ginzberg, economic fluctuations in the decade preceding the Great Depression can largely be explained by the interaction of technological, psychological, and monetary factors. Without these factors being subjected to some sort of control, economic stability must remain an illusion. The current period of a significant fall-off in earnings, profits, and full employment also followed a decade of unparalleled monetary growth. The concerns Ginzberg raised are relevant once again. It may turn out that the "neoliberalism" of the present has something to say in response to the free market/free society premises currently in vogue. In a brilliant introductory essay, Nobel Laureate Robert M. Solow offers an impressive report card on The Illusion of Economic Stability: "The prose is tighter and more aphoristic than late Ginzberg, and the tone is more detached, even sardonic." He concludes by admitting that a volatile stock market is one more reason why automatic economic stability seems as illusory today as it did when the book first appeared.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
Author: Marisol Munoz
Publisher:
ISBN:
Category : Control (Psychology)
Languages : en
Pages : 344
Get Book Here
Book Description
Author: Jón Daníelsson
Publisher: Yale University Press
ISBN: 0300234813
Category : Political Science
Languages : en
Pages : 287
Get Book Here
Book Description
A challenge to the conventional wisdom surrounding financial risk, providing insight into why easy solutions to control the financial system are doomed to fail Finance plays a key role in the prosperity of the modern world, but it also brings grave dangers. We seek to manage those threats with a vast array of sophisticated mathematical tools and techniques of financial risk management. Too often, though, we fail to address the greatest risk--the peril posed by our own behavior. Jón Daníelsson argues that critical risk is generated from within, through the interactions of individuals and perpetuated by their beliefs, objectives, abilities, and prejudices. He asserts that the widespread belief that risk originates outside the financial system frustrates our ability to measure and manage it, and the likely consequences of new regulations will help alleviate small-scale risks but, perversely, encourage excessive risk taking. Daníelsson uses lessons from past and recent crises to show that diversity is the best way to safeguard our financial system.
Author: Andreas R. Dombret
Publisher: Edward Elgar Publishing
ISBN: 1782547843
Category : Business & Economics
Languages : en
Pages : 556
Get Book Here
Book Description
ÔFinancial stability is necessary. To achieve this common target an on-going dialogue is required between industry, policymakers, academia and other relevant stakeholders. This book provides a welcome and refreshing perspective from different standpoints on the issues at stake, and reminds us of the remaining work ahead.Õ Ð Axel Weber, Chair of Supervisory Board, UBS ÔSince 2008, financial stability has moved to the center of the policy stage. This volume, combining contributions from leading policy makers and academics, is the essential introduction to the issues. Must reading.Õ Ð Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, University of California, Berkeley, US ÔThere was a world BC (Before Crisis) and there will be a world AD (After Deleveraging) Ð the challenge is to create an effective, efficient yet stable and sustainable financial system for this Ònew worldÓ. This book provides the most comprehensive and thought-provoking basis for action I have seen so far.Õ Ð Paul Achleitner, Chair of Supervisory Board Deutsche Bank AG ÔFinancial stability is an overarching goal. In open and democratic societies, ensuring financial stability is a matter of interest not only to central bankers, academics and financial market players, but also to all well-informed citizens. This book provides an excellent basis for a wide-ranging and rewarding debate.Õ Ð Thomas J. Jordan, Chairman of the Governing Board of the Swiss National Bank ÔThe financial crisis demonstrated conclusively that for central bankers and other policymakers financial stability must always be of paramount concern, for without it the macroeconomy will perform badly and monetary policy will lose its effectiveness. This book underscores the importance of financial stability, laying out the key issues and what must be done to avoid such disasters in the future.Õ Ð William C. Dudley, President of the Federal Reserve Bank of New York, US In the aftermath of the financial crisis, new financial market regulation is being implemented, and increasing numbers of countries are establishing new legislation for macroprudential oversight. Against this backdrop, this thought provoking book provides a platform for the leading international experts to discuss and encourage future debate on financial stability. The breadth and scope of the issues addressed reflect the challenge of developing and consistently implementing a coherent set of financial reforms to promote financial stability. The book advocates the development of financial reforms that are effective in striking the optimal balance between realizing the enormous benefits of efficient financial intermediation, capital allocation and risk management on the one hand, and controlling systemic risks and maintaining financial stability on the other. Making an important contribution to deepening our understanding of the many facets of financial stability, this book will prove a challenging read for policy makers, regulators and central bankers as well as for researchers and scholars in the fields of economics, money, finance and banking.
Author: Bruce Hood
Publisher: Oxford University Press
ISBN: 0199969892
Category : Psychology
Languages : en
Pages : 368
Get Book Here
Book Description
Most of us believe that we are unique and coherent individuals, but are we? The idea of a "self" has existed ever since humans began to live in groups and become sociable. Those who embrace the self as an individual in the West, or a member of the group in the East, feel fulfilled and purposeful. This experience seems incredibly real but a wealth of recent scientific evidence reveals that this notion of the independent, coherent self is an illusion - it is not what it seems. Reality as we perceive it is not something that objectively exists, but something that our brains construct from moment to moment, interpreting, summarizing, and substituting information along the way. Like a science fiction movie, we are living in a matrix that is our mind. In The Self Illusion, Dr. Bruce Hood reveals how the self emerges during childhood and how the architecture of the developing brain enables us to become social animals dependent on each other. He explains that self is the product of our relationships and interactions with others, and it exists only in our brains. The author argues, however, that though the self is an illusion, it is one that humans cannot live without. But things are changing as our technology develops and shapes society. The social bonds and relationships that used to take time and effort to form are now undergoing a revolution as we start to put our self online. Social networking activities such as blogging, Facebook, Linkedin and Twitter threaten to change the way we behave. Social networking is fast becoming socialization on steroids. The speed and ease at which we can form alliances and relationships is outstripping the same selection processes that shaped our self prior to the internet era. This book ventures into unchartered territory to explain how the idea of the self will never be the same again in the online social world.
Author: Geoffrey Paul Moussas
Publisher:
ISBN:
Category :
Languages : en
Pages : 99
Get Book Here
Book Description
The intention of this thesis is to explore architecture and experience. The term 'experience' is used to denote those events which have taken place in our past that have helped to shape each of us individually, as well as experiences which occur in conjunction with architecture that help us to relate to our past experiences. An attempt will be made to take a conventional housing type in Japan and transform it for a new purpose while maintaining the qualitative experiences offered by the conventional prototype. This study will begin with the exploration of the idea of 'home.' Since the primary vehicle for exploration in this thesis will be to design a project in Japan, the question arises of whether the concept of 'home' is cross-cultural or is unique among cultures. It can be argued that a "house constitutes a body of images that give mankind proofs or illusions of stability," and that this concept is a basic need of human existence. We try to create a sense of stability in an unstable world. Can architecture create an image of stability? Can this be done in a way that will fulfill expectations and create this image of stability by heightening awareness of this stability through occasional inversions in these expectations? Just what will it take. in terms of form or sequences. 10 create this illusion? This leads to the second part of this thesis which will involve the experiences that can lead to this image of stability. Integral to this idea of stability is the idea of threshold. "To thresh in its earliest form meant to 'tread or trample.' A threshold then is literally a piece of timber or stone below the bottom of a door that we 'tread' over when we enter a space. 'Threshold has several figurative meanings as well: an entrance or beginning, the border or limit of a region, and the starting point of any undertaking or journey". Threshold in the figurative sense becomes crucial in this project in creating a sense of stability for the inhabitants while creating a sense of forbiddenness for others.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Walter Russell
Publisher: Ravenio Books
ISBN:
Category : Body, Mind & Spirit
Languages : en
Pages : 434
Get Book Here
Book Description
In The Universal One, Walter Russell presents a groundbreaking perspective on the nature of the universe and the fundamental principles that govern it. Through a unique blend of science, philosophy, and spirituality, Russell challenges conventional understanding and offers a thought-provoking exploration of the interconnectedness of all things. This book invites readers to expand their consciousness and reconsider their perception of reality, as Russell unveils the universal laws that shape our existence.
Author: Marisol Munoz
Publisher:
ISBN:
Category :
Languages : en
Pages : 171
Get Book Here
Book Description
