This book arose from our conviction that the NNS-DSGE approach to the analysis of aggregate market outcomes is fundamentally flawed. The practice of overcoming the SMD result by recurring to a fictitious RA leads to insurmountable methodological problems and lies at the root of DSGE models’ failure to satisfactorily explain real world features, like exchange rate and banking crises, bubbles and herding in financial markets, swings in the sentiment of consumers and entrepreneurs, asymmetries and persistence in aggregate variables, and so on. At odds with this view, our critique rests on the premise that any modern macroeconomy should be modeled instead as a complex system of heterogeneous interacting individuals, acting adaptively and autonomously according to simple and empirically validated rules of thumb. We call our proposed approach Bottom-up Adaptive Macroeconomics (BAM). The reason why we claim that the contents of this book can be inscribed in the realm of macroeconomics is threefold: i) We are looking for a framework that helps us to think coherently about the interrelationships among two or more markets. In what follows, in particular, three markets will be considered: the markets for goods, labor and loanable funds. In this respect, real time matters: what happens in one market depends on what has happened, on what is happening, or on what will happen in other markets. This implies that intertemporal coordination issues cannot be ignored. ii) Eventually, it’s all about prices and quantities. However, we are mostly interested in aggregate prices and quantities, that is indexes built from the dispersed outcomes of the decentralized transactions of a large population of heterogeneous individuals. Each individual acts purposefully, but she knows anything about the levels of prices and quantities which clear markets in the aggregate. iii) In the hope of being allowed to purport scientific claims, BAM relies on the assumption that individual purposeful behaviours aggregates into regularities. Macro behaviour, however, can depart radically from what the individual units are trying to accomplish. It is in this sense that aggregate outcomes emerge from individual actions and interactions.
In the spring of 1757, the Augustinian friar Leopoldo di San Pasquale was tried in Naples by the hierarchies of his own religious order on charges of financial fraud, heresy, and sexual immorality. He responded by accusing the heads of the convent of subjecting him to a series of inhuman cruelties, claiming to have been "buried alive". While waiting for a final judgment (it was pronounced seven years later, in 1764), the trial of Leopoldo di San Pasquale became a cultural phenomenon unlike any witnessed before in Naples. Cumulatively, reactions to the trial, both during and after it, broke the boundaries separating chronicle and literary fiction, engaged people’s faculties of reason and emotion, and ultimately transformed Leopoldo into a public spectacle—or what we might call today a “celebrity.” Focusing on the scandalous affair of the "buried alive", this book shows how the governing authorities in Naples managed the development of news and stories around current events through their systems of courts and bureaucracies. It also aims to demonstrate how, just as importantly, consumers played an increasing in the spread of information, as means to political empowerment. The sources analyzed call for a microhistorical analysis, as well as for an interdisciplinary discussion with media studies at its conceptual core. A Criminal Hero will appeal to students and scholars alike interested in microhistory, cultural history, media history, history of literature, social and political history, with a focus on the eighteenth century.
Most people in the region and of the world do not know of or understand South Sudan’s tribal politics. Worse still, many of them do not realize that terrorism continues to be a major challenge within the borders of this country with a population of just over twelve million and growing. In a fascinating narrative, Jada Pasquale Yengkopiong provides a historical perspective on the genocide occurring at the hands of terrorists in an often-hidden region of the world. Throughout his presentation interspersed with facts and perspectives, Yengkopiong explains the actions of Salva Kiir and his tribal regime in December 2013 and again in July 2016 during brutal tribal wars in Juba and other parts of Sudan; reveals the hidden reasons for signing peace agreements in August 2015 and then dishonoring them in September 2018; and uncovers the intentions of the Dinka tribal regime to dominate every aspect of South Sudan. By documenting the acts of the tribal leadership, Yengkopiong shines a light on a region of suffering that needs attention and care from the rest of the world if it is going to survive. The Terrorists Within shares an interesting yet frightening look at terrorism while revealing the truths about South Sudan’s tribal politics.
This volume deals with natural disasters in late medieval and early modern central and southern Italy. Contributions look at a range of catastrophic events such as eruptions of Mount Vesuvius, floods, earthquakes, and outbreaks of plague and epidemics. A major aim of this volume is to investigate the relationship between catastrophic events and different communication strategies that embraced politics, religion, propaganda, dissent, scholarship as well as collective responses from the lower segments of society. The contributors to this volume share a multidisciplinary approach to the study of natural disasters which draws on disciplines such as cultural and social history, anthropology, literary theory, and linguistics. Together with analyzing the prolific production of propagandistic material and literary sources issued in periods of acute crisis, the documentation on disasters studied in this volume also includes laws and emergency regulations, petitions and pleas to the authorities, scientific and medical treatises, manuscript and printed newsletters as well as diplomatic dispatches and correspondence.
The Gulf of Naples embodies an extraordinary world, rich in natural beauties and art treasures. This guide offers a lavish and detailed view of streets, squares, monuments, palaces, churches and museums of Naples. The easy-to-use and help-to-plan your personalized itinerary make this book an indispensable tool for any visit to this city.
This book arose from our conviction that the NNS-DSGE approach to the analysis of aggregate market outcomes is fundamentally flawed. The practice of overcoming the SMD result by recurring to a fictitious RA leads to insurmountable methodological problems and lies at the root of DSGE models’ failure to satisfactorily explain real world features, like exchange rate and banking crises, bubbles and herding in financial markets, swings in the sentiment of consumers and entrepreneurs, asymmetries and persistence in aggregate variables, and so on. At odds with this view, our critique rests on the premise that any modern macroeconomy should be modeled instead as a complex system of heterogeneous interacting individuals, acting adaptively and autonomously according to simple and empirically validated rules of thumb. We call our proposed approach Bottom-up Adaptive Macroeconomics (BAM). The reason why we claim that the contents of this book can be inscribed in the realm of macroeconomics is threefold: i) We are looking for a framework that helps us to think coherently about the interrelationships among two or more markets. In what follows, in particular, three markets will be considered: the markets for goods, labor and loanable funds. In this respect, real time matters: what happens in one market depends on what has happened, on what is happening, or on what will happen in other markets. This implies that intertemporal coordination issues cannot be ignored. ii) Eventually, it’s all about prices and quantities. However, we are mostly interested in aggregate prices and quantities, that is indexes built from the dispersed outcomes of the decentralized transactions of a large population of heterogeneous individuals. Each individual acts purposefully, but she knows anything about the levels of prices and quantities which clear markets in the aggregate. iii) In the hope of being allowed to purport scientific claims, BAM relies on the assumption that individual purposeful behaviours aggregates into regularities. Macro behaviour, however, can depart radically from what the individual units are trying to accomplish. It is in this sense that aggregate outcomes emerge from individual actions and interactions.
In the spring of 1757, the Augustinian friar Leopoldo di San Pasquale was tried in Naples by the hierarchies of his own religious order on charges of financial fraud, heresy, and sexual immorality. He responded by accusing the heads of the convent of subjecting him to a series of inhuman cruelties, claiming to have been "buried alive". While waiting for a final judgment (it was pronounced seven years later, in 1764), the trial of Leopoldo di San Pasquale became a cultural phenomenon unlike any witnessed before in Naples. Cumulatively, reactions to the trial, both during and after it, broke the boundaries separating chronicle and literary fiction, engaged people’s faculties of reason and emotion, and ultimately transformed Leopoldo into a public spectacle—or what we might call today a “celebrity.” Focusing on the scandalous affair of the "buried alive", this book shows how the governing authorities in Naples managed the development of news and stories around current events through their systems of courts and bureaucracies. It also aims to demonstrate how, just as importantly, consumers played an increasing in the spread of information, as means to political empowerment. The sources analyzed call for a microhistorical analysis, as well as for an interdisciplinary discussion with media studies at its conceptual core. A Criminal Hero will appeal to students and scholars alike interested in microhistory, cultural history, media history, history of literature, social and political history, with a focus on the eighteenth century.
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