This book analyses the logic of applying the American Post-Keynesian economist Hyman Minsky’s Financial Instability Hypothesis (FIH) to the financial crisis of 2007–08. Arguing that most theories of financial crisis, including Minsky’s own, only describe events, but do not actually explain them, the book surveys theories of financial crisis that have been developed to describe instability in the post-WW2 US financial system and analyses them in their historical context. The book argues that explanation of the financial crisis of 2007–08 should involve interpretation of the concept of 'risk', which guides the construction and pricing of contemporary financial products such as derivatives and asset backed securities, as a form of 'liquidity', the concept that Minsky sought to explain the financial crises of the 1970s and 1980s with. The book highlights the continuing relevance of Minsky’s theory of liquidity crisis as "immanent", in a historical sense, to the products and trading practices of modern finance, because these products were developed to obviate the crisis dynamics that Minsky described. Minsky's FIH can therefore inform historical understanding of the crisis of 2007–08 but is not directly explanatory itself. The book explores explanation of the financial crisis of 2007–08 interpreting 'liquidity', in practical historical terms, as involving a process of development out of prior crisis dynamics. Seeking to contribute to debates over the causes of the financial crisis of 2007–08 by blending a discussion of historicizing philosophy, economic theory and contemporary financial banking and trading practices this work will be of great interest to scholars of international political economy, heterodox economics and critical theory.
An A-Z of eccentrics! 250 true stories of the most original and outrageous people on earth, from bad poets to transsexual evolutionary theorists this encyclopedic guide covering ancient times to the present, includes reams of material never seen in book form before. Famous eccentrics like King Ludwig, Salvador Dalí and Howard Hughes rub shoulders with a host of lesser-known, but equally colorful, characters in these -- mostly -- life-affirming stories. There are unsuspected parallels and connections throughout creating an alternative, off-kilter history of the world.
In The Coming Man from Canton Christopher W. Merritt mines the historical and archaeological record of the Chinese immigrant experience in Montana to explore new questions and perspectives. During the 1860s Chinese immigrants arrived by the thousands, moving into the Rocky Mountain West and tenaciously searching for prosperity in the face of resistance, restriction, racism, and armed hostility from virtually every ethnic group in American society. As second-class citizens, Chinese immigrants remained largely insular and formed their own internal governments as well as labor and trade networks, typically establishing communities apart from the main towns. Chinese miners, launderers, restaurant keepers, gardeners, railroad laborers, and other workers became a separate but integral part of the American experience in the Intermountain West. Although Chinese immigrants constituted more than 10 percent of the Montana Territory's total population by 1870, the historical records provide a biased and narrow perspective, as they were generally written by European American community members. Merritt uses the statewide Montana context to show the diversity of Chinese settlements that has often been neglected by archival studies. His research highlights how the legacy of the Chinese in Montana is, or is not, reflected in modern Montana identity and how scholars, educators, professionals, and the public can alter the existing perception of this population as the "other" and perceive it instead an integral part of Montana's past.
Your life is dominated by your unconscious mind: by thoughts you're unaware of and movements you don't realise you are making. Words, colours, mannerisms and other cues you don't realise are affecting you, change what you think. The confidence you have in your ability to reason and to consciously choose what to do is caused by a series of illusions that scientists are only just beginning to understand. The discovery of these illusions will change the way we see ourselves more than the discoveries of Darwin and Copernicus. Unthink explores the unconscious decisions we make, and covers a variety of topics, ranging from how we choose politicians and romantic partners to more abstract subjects such as whether we can consciously decide to move our fingers. The counter-intuitive observations that Chris makes in the book include: · If you want someone to fancy you, wear red and meet them somewhere frightening. · When waitresses repeat customers' orders back to them instead of just saying 'yes' they receive bigger tips. · To reduce your shopping bill, start at the beer and snacks end of the store and work backwards. · If you sit someone in an upright chair when you give them good news they will be prouder of their achievements. · Having a picture of your family on your desk might make you work harder, but you'll be rattier when you get home! Chris Paley shows us how we can understand ourselves and others better, by having a greater understanding of the way that the unconscious mind has an impact of the way we live our lives.
This book charts the journey of British General Practitioners (GPs) towards professional self-realisation through the development of a political consciousness manifested in a series of bruising encounters with government. GPs are an essential part of the social fabric of modern Britain but as a group have always felt undervalued, clashing with successive governments over the terms on which they offered their services to the public. Explaining the background to these disputes and the motives of GPs from a sociological perspective, this research casts new light on some defining moments in the creation of the modern British state, from National Health Insurance to the National Health Service, and the history of the British medical profession. It examines these events from the point of view of the professionals intimately involved in and affected by them, using both established sources, like Ministry of Health records, an in-depth analysis of rarely studied records of professional bodies, and previously unresearched archive material. The result is a fascinating account of conflict and cooperation, and of heroic, and less-than-heroic, defiance of political authority, involving interactions between complex personalities and competing ideologies. Scholarly yet readable, this book will be of interest to the general reader as much as to medical practitioners and historians.
Now, more than ever, it seems that the age of professional learning networks has well and truly arrived. The rise and proliferation of digital communication, coupled with the circumstances enforced during the pandemic experience, have led to a dynamic re-imagining of Professional Learning Networks (PLNs) – both in terms of what they are for and what they can achieve. Set against this context this book provides a stimulating insight into the current state of the art of professional learning networks and the transformative difference they are poised to make to our educational future. Drawing on a wealth of expertise, each chapter is written by leading thinkers and doers in the field, and covers a range of topics and emerging areas. These include: the professional learning vistas opened up through digital opportunities; how these networks have helped to enhance teachers’ identity and sense of well-being: the new sense of practitioner ownership and partnership now at the heart of PLNs; new openings for professionalization; how PLNs have become vehicles for radically different forms of professional development and learning; and what this all means for school leadership.
Read this book to find the answers to all these questions, and more. It is packed with information, facts, photos, charts, and diagrams to help you find out all there is to know about skyscrapers. Book jacket.
This book analyses the logic of applying the American Post-Keynesian economist Hyman Minsky’s Financial Instability Hypothesis (FIH) to the financial crisis of 2007–08. Arguing that most theories of financial crisis, including Minsky’s own, only describe events, but do not actually explain them, the book surveys theories of financial crisis that have been developed to describe instability in the post-WW2 US financial system and analyses them in their historical context. The book argues that explanation of the financial crisis of 2007–08 should involve interpretation of the concept of 'risk', which guides the construction and pricing of contemporary financial products such as derivatives and asset backed securities, as a form of 'liquidity', the concept that Minsky sought to explain the financial crises of the 1970s and 1980s with. The book highlights the continuing relevance of Minsky’s theory of liquidity crisis as "immanent", in a historical sense, to the products and trading practices of modern finance, because these products were developed to obviate the crisis dynamics that Minsky described. Minsky's FIH can therefore inform historical understanding of the crisis of 2007–08 but is not directly explanatory itself. The book explores explanation of the financial crisis of 2007–08 interpreting 'liquidity', in practical historical terms, as involving a process of development out of prior crisis dynamics. Seeking to contribute to debates over the causes of the financial crisis of 2007–08 by blending a discussion of historicizing philosophy, economic theory and contemporary financial banking and trading practices this work will be of great interest to scholars of international political economy, heterodox economics and critical theory.
What is a big bang? How heavy is a white dwarf? What is it like to be an astronaut? From aliens to astronauts, and mission control to meteorites, space is exciting and full of drama, mystery and discovery. This fantastic series also available in hardback takes a look at space and all of it's fascinating properties and possibilities. Each book contains a table of contents, glossary and an index.
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