Author: Nolan McCarty
Publisher: Princeton University Press
ISBN: 0691145016
Category : Political Science
Languages : en
Pages : 368
Book Description
How governmental failure led to the 2008 financial crisis—and what needs to be done to avoid another similar event Behind every financial crisis lurks a "political bubble"—policy biases that foster market behaviors leading to financial instability. Rather than tilting against risky behavior, political bubbles—arising from a potent combination of beliefs, institutions, and interests—aid, abet, and amplify risk. Demonstrating how political bubbles helped create the real estate-generated financial bubble and the 2008 financial crisis, this book argues that similar government oversights in the aftermath of the crisis undermined Washington's response to the "popped" financial bubble, and shows how such patterns have occurred repeatedly throughout US history. The authors show that just as financial bubbles are an unfortunate mix of mistaken beliefs, market imperfections, and greed, political bubbles are the product of rigid ideologies, unresponsive and ineffective government institutions, and special interests. Financial market innovations—including adjustable-rate mortgages, mortgage-backed securities, and credit default swaps—become subject to legislated leniency and regulatory failure, increasing hazardous practices. The authors shed important light on the politics that blinds regulators to the economic weaknesses that create the conditions for economic bubbles and recommend simple, focused rules that should help avoid such crises in the future. The first full accounting of how politics produces financial ruptures, Political Bubbles offers timely lessons that all sectors would do well to heed.
Political Bubbles
Author: Nolan McCarty
Publisher: Princeton University Press
ISBN: 0691145016
Category : Political Science
Languages : en
Pages : 368
Book Description
How governmental failure led to the 2008 financial crisis—and what needs to be done to avoid another similar event Behind every financial crisis lurks a "political bubble"—policy biases that foster market behaviors leading to financial instability. Rather than tilting against risky behavior, political bubbles—arising from a potent combination of beliefs, institutions, and interests—aid, abet, and amplify risk. Demonstrating how political bubbles helped create the real estate-generated financial bubble and the 2008 financial crisis, this book argues that similar government oversights in the aftermath of the crisis undermined Washington's response to the "popped" financial bubble, and shows how such patterns have occurred repeatedly throughout US history. The authors show that just as financial bubbles are an unfortunate mix of mistaken beliefs, market imperfections, and greed, political bubbles are the product of rigid ideologies, unresponsive and ineffective government institutions, and special interests. Financial market innovations—including adjustable-rate mortgages, mortgage-backed securities, and credit default swaps—become subject to legislated leniency and regulatory failure, increasing hazardous practices. The authors shed important light on the politics that blinds regulators to the economic weaknesses that create the conditions for economic bubbles and recommend simple, focused rules that should help avoid such crises in the future. The first full accounting of how politics produces financial ruptures, Political Bubbles offers timely lessons that all sectors would do well to heed.
Publisher: Princeton University Press
ISBN: 0691145016
Category : Political Science
Languages : en
Pages : 368
Book Description
How governmental failure led to the 2008 financial crisis—and what needs to be done to avoid another similar event Behind every financial crisis lurks a "political bubble"—policy biases that foster market behaviors leading to financial instability. Rather than tilting against risky behavior, political bubbles—arising from a potent combination of beliefs, institutions, and interests—aid, abet, and amplify risk. Demonstrating how political bubbles helped create the real estate-generated financial bubble and the 2008 financial crisis, this book argues that similar government oversights in the aftermath of the crisis undermined Washington's response to the "popped" financial bubble, and shows how such patterns have occurred repeatedly throughout US history. The authors show that just as financial bubbles are an unfortunate mix of mistaken beliefs, market imperfections, and greed, political bubbles are the product of rigid ideologies, unresponsive and ineffective government institutions, and special interests. Financial market innovations—including adjustable-rate mortgages, mortgage-backed securities, and credit default swaps—become subject to legislated leniency and regulatory failure, increasing hazardous practices. The authors shed important light on the politics that blinds regulators to the economic weaknesses that create the conditions for economic bubbles and recommend simple, focused rules that should help avoid such crises in the future. The first full accounting of how politics produces financial ruptures, Political Bubbles offers timely lessons that all sectors would do well to heed.
Are Filter Bubbles Real?
Author: Axel Bruns
Publisher: John Wiley & Sons
ISBN: 1509536469
Category : Language Arts & Disciplines
Languages : en
Pages : 83
Book Description
There has been much concern over the impact of partisan echo chambers and filter bubbles on public debate. Is this concern justified, or is it distracting us from more serious issues? Axel Bruns argues that the influence of echo chambers and filter bubbles has been severely overstated, and results from a broader moral panic about the role of online and social media in society. Our focus on these concepts, and the widespread tendency to blame platforms and their algorithms for political disruptions, obscure far more serious issues pertaining to the rise of populism and hyperpolarisation in democracies. Evaluating the evidence for and against echo chambers and filter bubbles, Bruns offers a persuasive argument for why we should shift our focus to more important problems. This timely book is essential reading for students and scholars, as well as anyone concerned about challenges to public debate and the democratic process.
Publisher: John Wiley & Sons
ISBN: 1509536469
Category : Language Arts & Disciplines
Languages : en
Pages : 83
Book Description
There has been much concern over the impact of partisan echo chambers and filter bubbles on public debate. Is this concern justified, or is it distracting us from more serious issues? Axel Bruns argues that the influence of echo chambers and filter bubbles has been severely overstated, and results from a broader moral panic about the role of online and social media in society. Our focus on these concepts, and the widespread tendency to blame platforms and their algorithms for political disruptions, obscure far more serious issues pertaining to the rise of populism and hyperpolarisation in democracies. Evaluating the evidence for and against echo chambers and filter bubbles, Bruns offers a persuasive argument for why we should shift our focus to more important problems. This timely book is essential reading for students and scholars, as well as anyone concerned about challenges to public debate and the democratic process.
Republican Like Me
Author: Ken Stern
Publisher: HarperCollins
ISBN: 0062460862
Category : Political Science
Languages : en
Pages : 261
Book Description
In this controversial National Bestseller, the former CEO of NPR sets out for conservative America wondering why these people are so wrong about everything. It turns out, they aren’t. Ken Stern watched the increasing polarization of our country with growing concern. As a longtime partisan Democrat himself, he felt forced to acknowledge that his own views were too parochial, too absent of any exposure to the “other side.” In fact, his urban neighborhood is so liberal, he couldn’t find a single Republican--even by asking around. So for one year, he crossed the aisle to spend time listening, talking, and praying with Republicans of all stripes. With his mind open and his dial tuned to the right, he went to evangelical churches, shot a hog in Texas, stood in pit row at a NASCAR race, hung out at Tea Party meetings and sat in on Steve Bannon’s radio show. He also read up on conservative wonkery and consulted with the smartest people the right has to offer. What happens when a liberal sets out to look at issues from a conservative perspective? Some of his dearly cherished assumptions about the right slipped away. Republican Like Me reveals what lead him to change his mind, and his view of an increasingly polarized America.
Publisher: HarperCollins
ISBN: 0062460862
Category : Political Science
Languages : en
Pages : 261
Book Description
In this controversial National Bestseller, the former CEO of NPR sets out for conservative America wondering why these people are so wrong about everything. It turns out, they aren’t. Ken Stern watched the increasing polarization of our country with growing concern. As a longtime partisan Democrat himself, he felt forced to acknowledge that his own views were too parochial, too absent of any exposure to the “other side.” In fact, his urban neighborhood is so liberal, he couldn’t find a single Republican--even by asking around. So for one year, he crossed the aisle to spend time listening, talking, and praying with Republicans of all stripes. With his mind open and his dial tuned to the right, he went to evangelical churches, shot a hog in Texas, stood in pit row at a NASCAR race, hung out at Tea Party meetings and sat in on Steve Bannon’s radio show. He also read up on conservative wonkery and consulted with the smartest people the right has to offer. What happens when a liberal sets out to look at issues from a conservative perspective? Some of his dearly cherished assumptions about the right slipped away. Republican Like Me reveals what lead him to change his mind, and his view of an increasingly polarized America.
Saturday Night Live and Philosophy
Author:
Publisher: John Wiley & Sons
ISBN: 1119538556
Category : Philosophy
Languages : en
Pages : 288
Book Description
This hilarious cast of star philosophers will make you laugh while you think as they explore the moral conundrums, ridiculous paradoxes, and wild implications of Saturday Night Live Comedian-philosophers from Socrates to Sartre have always prodded and provoked us, critiquing our most sacred institutions and urging us to examine ourselves in the process. In Saturday Night Live and Philosophy, a star-studded cast of philosophers takes a close look at the “deep thoughts” beneath the surface of NBC’s award-winning late-night variety show and its hosts’ zany antics. In this book, philosophy and comedy join forces, just like the Ambiguously Gay Duo, to explore the meaning of life itself through the riffs and beats of the subversive parody that gives the show its razor-sharp wit and undeniable cultural and political significance. Our guest hosts raise some eyebrows with questions like: Is Weekend Update Fake News? Does SNL upset dominant paradigms or trap us in political bubbles? When it comes to SNL, how can we tell the difference between satire, smart-assery, and seriousness? Is the Ladies Man too stupid for moral responsibility? What is the benefit of jokes that cause outrage? The Church Lady has a bad case of moral superiority. How about you? What can Wayne and Garth teach us about living a happy life?
Publisher: John Wiley & Sons
ISBN: 1119538556
Category : Philosophy
Languages : en
Pages : 288
Book Description
This hilarious cast of star philosophers will make you laugh while you think as they explore the moral conundrums, ridiculous paradoxes, and wild implications of Saturday Night Live Comedian-philosophers from Socrates to Sartre have always prodded and provoked us, critiquing our most sacred institutions and urging us to examine ourselves in the process. In Saturday Night Live and Philosophy, a star-studded cast of philosophers takes a close look at the “deep thoughts” beneath the surface of NBC’s award-winning late-night variety show and its hosts’ zany antics. In this book, philosophy and comedy join forces, just like the Ambiguously Gay Duo, to explore the meaning of life itself through the riffs and beats of the subversive parody that gives the show its razor-sharp wit and undeniable cultural and political significance. Our guest hosts raise some eyebrows with questions like: Is Weekend Update Fake News? Does SNL upset dominant paradigms or trap us in political bubbles? When it comes to SNL, how can we tell the difference between satire, smart-assery, and seriousness? Is the Ladies Man too stupid for moral responsibility? What is the benefit of jokes that cause outrage? The Church Lady has a bad case of moral superiority. How about you? What can Wayne and Garth teach us about living a happy life?
Bag Man
Author: Rachel Maddow
Publisher: Crown
ISBN: 0593136683
Category : Political Science
Languages : en
Pages : 306
Book Description
NEW YORK TIMES BESTSELLER • The knockdown, drag-out, untold story of the other scandal that rocked Nixon’s White House, and reset the rules for crooked presidents to come—with new reporting that expands on Rachel Maddow’s Peabody Award–nominated podcast “Both a thriller and a history book, Bag Man is a triumph of storytelling.”—Preet Bharara, New York Times bestselling author of Doing Justice and host of the podcast Stay Tuned with Preet Is it possible for a sitting vice president to direct a vast criminal enterprise within the halls of the White House? To have one of the most brazen corruption scandals in American history play out while nobody’s paying attention? And for that scandal to be all but forgotten decades later? The year was 1973, and Spiro T. Agnew, the former governor of Maryland, was Richard Nixon’s second-in-command. Long on firebrand rhetoric and short on political experience, Agnew had carried out a bribery and extortion ring in office for years, when—at the height of Watergate—three young federal prosecutors discovered his crimes and launched a mission to take him down before it was too late, before Nixon’s impending downfall elevated Agnew to the presidency. The self-described “counterpuncher” vice president did everything he could to bury their investigation: dismissing it as a “witch hunt,” riling up his partisan base, making the press the enemy, and, with a crumbling circle of loyalists, scheming to obstruct justice in order to survive. In this blockbuster account, Rachel Maddow and Michael Yarvitz detail the investigation that exposed Agnew’s crimes, the attempts at a cover-up—which involved future president George H. W. Bush—and the backroom bargain that forced Agnew’s resignation but also spared him years in federal prison. Based on the award-winning hit podcast, Bag Man expands and deepens the story of Spiro Agnew’s scandal and its lasting influence on our politics, our media, and our understanding of what it takes to confront a criminal in the White House.
Publisher: Crown
ISBN: 0593136683
Category : Political Science
Languages : en
Pages : 306
Book Description
NEW YORK TIMES BESTSELLER • The knockdown, drag-out, untold story of the other scandal that rocked Nixon’s White House, and reset the rules for crooked presidents to come—with new reporting that expands on Rachel Maddow’s Peabody Award–nominated podcast “Both a thriller and a history book, Bag Man is a triumph of storytelling.”—Preet Bharara, New York Times bestselling author of Doing Justice and host of the podcast Stay Tuned with Preet Is it possible for a sitting vice president to direct a vast criminal enterprise within the halls of the White House? To have one of the most brazen corruption scandals in American history play out while nobody’s paying attention? And for that scandal to be all but forgotten decades later? The year was 1973, and Spiro T. Agnew, the former governor of Maryland, was Richard Nixon’s second-in-command. Long on firebrand rhetoric and short on political experience, Agnew had carried out a bribery and extortion ring in office for years, when—at the height of Watergate—three young federal prosecutors discovered his crimes and launched a mission to take him down before it was too late, before Nixon’s impending downfall elevated Agnew to the presidency. The self-described “counterpuncher” vice president did everything he could to bury their investigation: dismissing it as a “witch hunt,” riling up his partisan base, making the press the enemy, and, with a crumbling circle of loyalists, scheming to obstruct justice in order to survive. In this blockbuster account, Rachel Maddow and Michael Yarvitz detail the investigation that exposed Agnew’s crimes, the attempts at a cover-up—which involved future president George H. W. Bush—and the backroom bargain that forced Agnew’s resignation but also spared him years in federal prison. Based on the award-winning hit podcast, Bag Man expands and deepens the story of Spiro Agnew’s scandal and its lasting influence on our politics, our media, and our understanding of what it takes to confront a criminal in the White House.
Outside the Bubble
Author: Cristian Vaccari
Publisher: Oxford University Press
ISBN: 0190858478
Category : Political Science
Languages : en
Pages : 305
Book Description
Drawing on an original study of internet users across nine Western democracies, Outside the Bubble offers an unprecedented look at the effects of social media on democratic participation. The book reveals that, for most users, social media do not constitute echo chambers where people only hear what they want to hear. Instead, these platforms facilitate accidental encounters with news and exposure to electoral mobilization. While social media may contributeto many societal problems, they can help address at least two important democratic ills: citizens' apathy towards politics, and inequalities between those who choose to exercise their voice and those who remain silent.
Publisher: Oxford University Press
ISBN: 0190858478
Category : Political Science
Languages : en
Pages : 305
Book Description
Drawing on an original study of internet users across nine Western democracies, Outside the Bubble offers an unprecedented look at the effects of social media on democratic participation. The book reveals that, for most users, social media do not constitute echo chambers where people only hear what they want to hear. Instead, these platforms facilitate accidental encounters with news and exposure to electoral mobilization. While social media may contributeto many societal problems, they can help address at least two important democratic ills: citizens' apathy towards politics, and inequalities between those who choose to exercise their voice and those who remain silent.
A Bubble in Time
Author: William L. O'Neill
Publisher: Rowman & Littlefield
ISBN: 1566638062
Category : History
Languages : en
Pages : 452
Book Description
Examines the 1990s as a period of tranquility and prosperity in the United States, with attention to popular culture, politics, higher education, and economic policy.
Publisher: Rowman & Littlefield
ISBN: 1566638062
Category : History
Languages : en
Pages : 452
Book Description
Examines the 1990s as a period of tranquility and prosperity in the United States, with attention to popular culture, politics, higher education, and economic policy.
The Other Divide
Author: Yanna Krupnikov
Publisher: Cambridge University Press
ISBN: 1108831125
Category : Political Science
Languages : en
Pages : 305
Book Description
The key to understanding the current wave of American political division is the attention people pay to politics.
Publisher: Cambridge University Press
ISBN: 1108831125
Category : Political Science
Languages : en
Pages : 305
Book Description
The key to understanding the current wave of American political division is the attention people pay to politics.
The Political Bubble
Author: Mark Latham
Publisher: Macmillan
ISBN: 9781742614076
Category : Australia
Languages : en
Pages : 304
Book Description
Australians once trusted the democratic process. While we got on with our lives, we assumed our politicians had our best interests at heart. Not anymore. That trust has collapsed. Mark Latham joined the Labor Party in the late 1970s hoping to improve people's lives through parliamentary service. Twenty-five years later, the Opposition Leader ended up as disillusioned as the rest of us. The scorching honesty of The Latham Diaries ensured he'd burned his political bridges, but ostracism from the Canberra Club has its advantages. In The Political Bubble Mark Latham is free to explore how parliamentary democracy has lost touch with the people it's supposed to represent. As with most institutions at risk, politics has become more tribal, with left- and right-wing fanatics dominating formerly robust, mainstream parties. After the disappointment of the Rudd/Gillard years, Tony Abbott promised to restore trust in Australian politics but, as with most of his promises, it was dispensable. The Political Bubble looks at the new government's policies - how Abbott is adding to distrust, not solving the problem. What can be done about this democratic deficit? Can our parliamentary system realign itself with community expectations or has politics become one long race to the bottom?'A brilliant analysis of Australia in the era of Tony Abbott and fanatical right-wing politics.' ROBERT MANNE
Publisher: Macmillan
ISBN: 9781742614076
Category : Australia
Languages : en
Pages : 304
Book Description
Australians once trusted the democratic process. While we got on with our lives, we assumed our politicians had our best interests at heart. Not anymore. That trust has collapsed. Mark Latham joined the Labor Party in the late 1970s hoping to improve people's lives through parliamentary service. Twenty-five years later, the Opposition Leader ended up as disillusioned as the rest of us. The scorching honesty of The Latham Diaries ensured he'd burned his political bridges, but ostracism from the Canberra Club has its advantages. In The Political Bubble Mark Latham is free to explore how parliamentary democracy has lost touch with the people it's supposed to represent. As with most institutions at risk, politics has become more tribal, with left- and right-wing fanatics dominating formerly robust, mainstream parties. After the disappointment of the Rudd/Gillard years, Tony Abbott promised to restore trust in Australian politics but, as with most of his promises, it was dispensable. The Political Bubble looks at the new government's policies - how Abbott is adding to distrust, not solving the problem. What can be done about this democratic deficit? Can our parliamentary system realign itself with community expectations or has politics become one long race to the bottom?'A brilliant analysis of Australia in the era of Tony Abbott and fanatical right-wing politics.' ROBERT MANNE
The Politics Industry
Author: Katherine M. Gehl
Publisher: Harvard Business Press
ISBN: 1633699242
Category : Political Science
Languages : en
Pages : 331
Book Description
Leading political innovation activist Katherine Gehl and world-renowned business strategist Michael Porter bring fresh perspective, deep scholarship, and a real and actionable solution, Final Five Voting, to the grand challenge of our broken political and democratic system. Final Five Voting has already been adopted in Alaska and is being advanced in states across the country. The truth is, the American political system is working exactly how it is designed to work, and it isn't designed or optimized today to work for us—for ordinary citizens. Most people believe that our political system is a public institution with high-minded principles and impartial rules derived from the Constitution. In reality, it has become a private industry dominated by a textbook duopoly—the Democrats and the Republicans—and plagued and perverted by unhealthy competition between the players. Tragically, it has therefore become incapable of delivering solutions to America's key economic and social challenges. In fact, there's virtually no connection between our political leaders solving problems and getting reelected. In The Politics Industry, business leader and path-breaking political innovator Katherine Gehl and world-renowned business strategist Michael Porter take a radical new approach. They ingeniously apply the tools of business analysis—and Porter's distinctive Five Forces framework—to show how the political system functions just as every other competitive industry does, and how the duopoly has led to the devastating outcomes we see today. Using this competition lens, Gehl and Porter identify the most powerful lever for change—a strategy comprised of a clear set of choices in two key areas: how our elections work and how we make our laws. Their bracing assessment and practical recommendations cut through the endless debate about various proposed fixes, such as term limits and campaign finance reform. The result: true political innovation. The Politics Industry is an original and completely nonpartisan guide that will open your eyes to the true dynamics and profound challenges of the American political system and provide real solutions for reshaping the system for the benefit of all. THE INSTITUTE FOR POLITICAL INNOVATION The authors will donate all royalties from the sale of this book to the Institute for Political Innovation.
Publisher: Harvard Business Press
ISBN: 1633699242
Category : Political Science
Languages : en
Pages : 331
Book Description
Leading political innovation activist Katherine Gehl and world-renowned business strategist Michael Porter bring fresh perspective, deep scholarship, and a real and actionable solution, Final Five Voting, to the grand challenge of our broken political and democratic system. Final Five Voting has already been adopted in Alaska and is being advanced in states across the country. The truth is, the American political system is working exactly how it is designed to work, and it isn't designed or optimized today to work for us—for ordinary citizens. Most people believe that our political system is a public institution with high-minded principles and impartial rules derived from the Constitution. In reality, it has become a private industry dominated by a textbook duopoly—the Democrats and the Republicans—and plagued and perverted by unhealthy competition between the players. Tragically, it has therefore become incapable of delivering solutions to America's key economic and social challenges. In fact, there's virtually no connection between our political leaders solving problems and getting reelected. In The Politics Industry, business leader and path-breaking political innovator Katherine Gehl and world-renowned business strategist Michael Porter take a radical new approach. They ingeniously apply the tools of business analysis—and Porter's distinctive Five Forces framework—to show how the political system functions just as every other competitive industry does, and how the duopoly has led to the devastating outcomes we see today. Using this competition lens, Gehl and Porter identify the most powerful lever for change—a strategy comprised of a clear set of choices in two key areas: how our elections work and how we make our laws. Their bracing assessment and practical recommendations cut through the endless debate about various proposed fixes, such as term limits and campaign finance reform. The result: true political innovation. The Politics Industry is an original and completely nonpartisan guide that will open your eyes to the true dynamics and profound challenges of the American political system and provide real solutions for reshaping the system for the benefit of all. THE INSTITUTE FOR POLITICAL INNOVATION The authors will donate all royalties from the sale of this book to the Institute for Political Innovation.