Changing Structures of Inequality examines these questions in a new comparative perspective, covering five national societies - Canada, France, Germany, Spain, and the United States. The authors offer a deed analysis of country-specific research traditions in the fields of class analysis and social stratification, revealing important conceptual differences which have consequences for the diagnoses. They present the results of substantial compa-rative studies on different aspects of inequality in developed societies - the inequality of income and wealth; educational inequalities; status crystallization; migration and inequality; gender inequality and the structuring effect of social class - highlighting similarities as well as substantial differences between the societies under examination. The authors offer a nuanced con-clusion that puts in perspective the different topics of this contemporary debate. Developed societies are now characterized by more dynamic and pluralistic structures of inequalities, where classes have lost some of their previous importance, but to some extent still have a place. Contributors include Howard M. Bahr, Mathias Bös, Gary Caldwell, Salustiano del Campo, Theodore Caplow, Louis Chauvel, Michel Forse, Wolfgang Glatzer, Richard Huaser, Paul W. Kingston, Denise Lemieux, Laura Maratou-Alipranti, and Marion Mohle.
“Powerful as well as highly engaging—a brilliant book.” —Amartya Sen A Times Higher Education Book of the Week It may sound crazy to pay people whether or not they’re working or even looking for work. But the idea of providing an unconditional basic income to everyone, rich or poor, active or inactive, has long been advocated by such major thinkers as Thomas Paine, John Stuart Mill, and John Kenneth Galbraith. Now, with the traditional welfare state creaking under pressure, it has become one of the most widely debated social policy proposals in the world. Basic Income presents the most acute and fullest defense of this radical idea, and makes the case that it is our most realistic hope for addressing economic insecurity and social exclusion. “They have set forth, clearly and comprehensively, what is probably the best case to be made today for this form of economic and social policy.” —Benjamin M. Friedman, New York Review of Books “A rigorous analysis of the many arguments for and against a universal basic income, offering a road map for future researchers.” —Wall Street Journal “What Van Parijs and Vanderborght bring to this topic is a deep understanding, an enduring passion and a disarming optimism.” —Steven Pearlstein, Washington Post
Explaining the underlying logic behind financial ratios, this book adds to the discussion on the importance and implementation of ratios and illustrates the essential role that they play in company evaluations and investment screening. The author explores how ratios establish a proportional relationship between accounting and market data, and when well-integrated into a global company vision, can become powerful indicators capable of outlining relevant information and identifying warning signs. Going beyond merely listing possible ratios and looking further into their implementation, each ratio family is demonstrated with numerous graphs and practical case studies involving companies such as Amazon, Walmart and Alibaba. With a focus on behavioral finance and enterprise value, this innovative Palgrave Pivot will be of interest to investors, bankers and entrepreneurs, as well as finance scholars and students.
Step into the world of Kurt Gödel: his life, his marriage, his friendship with Einstein, and his legacy in this internationally best-selling novel. Princeton University, 1980. Kurt Gödel, the most fascinating, though hermetic, mathematician of the twentieth century, has just died of anorexia. His widow, Adele, a fierce woman shunned by her husband’s colleagues because she had been a cabaret dancer, is now consigned to a nursing home. To the great annoyance of the Institute of Advanced Studies, she refuses to hand over Gödel’s precious records. Anna Roth is given the difficult task of befriending Adele and retrieving the documents from her. As Adele opens the gates of her memory, the two women travel back into the life she shared with her enigmatic husband: Vienna during the Nazi era, Princeton right after the war, the pressures of McCarthyism, the end of the positivist ideal, and the advent of nuclear weapons. Yannick Grannec brilliantly narrates the epic story of a genius who could never quite find his place in the world, and the determination of the woman who loved him.
The right to free elections is one of the most difficult rights to define: while it is an objective and essential principle in any democratic society, it is also a fundamental personal right on which every citizen can rely. It is an individual right, but it is meaningful only as part of a collective process. That same right, in conjunction with the right to vote and the right to stand for election, needs to be practised in a democratic way which also brings into play many other rights and freedoms, before, during and after the election itself. It is also one of the most highly valued rights at the Council of Europe because it helps to promote the “true democracy” which underpins the Organisation, alongside the rule of law and the honouring of fundamental freedoms. This book examines the main Council of Europe legal texts and sources on this topic: conventions, resolutions, recommendations and guidelines, without forgetting the abundant case law of the European Court of Human Rights. It is a work for legal practitioners, students and, more generally, anyone interested in how Europe and democracy go hand in hand.
Mixing the humorous with the erudite, this book is stuffed with tasty anecdotes from the history of sauce-making in France. It is also a cry from the heart, deploring the disappearance of the great French sauces from our plates. For they werebanished during the second half of the last century, when they werefound guilty of dietary heresy. The pioneering chef Yannick Alléno lifts the veil on cutting-edge techniques that enable a chef to create a sauce like a winemaker produces a great vintage. These new sauces lie at the heart of Alléno’s cuisine moderne. Along the way, the reader is taken on a fascinating historical journey from antiquity to the future, and through the very DNA of French cuisine.
Fifty of today's finest thinkers were asked to let their imaginations run free to advance new ideas on a wide range of social and political issues. They did so as friends, on the occasion of Philippe Van Parijs's sixtieth birthday.
Tolkien is one of our most beloved fantasy writers. Such was the power of his imagination that much has been written on his invented world, languages, and myth. This book is an invitation to tread the paths of Tolkien’s realm, exploring three regions of his work: language, myth, and imagination. We will be looking for a path leading to a summit from where we can view Tolkien’s whole realm. Yannick Imbert argues that we can gain such a view only if we understand Tolkien’s philosophical theology, his Thomism. To attain this vantage point and better understand the genius of his Middle Earth, readers journey with Tolkien through his academic, personal, and theological milieu, which together formed his Thomistic imagination.
International investment law and arbitration is its own 'galaxy', made up of thousands of treaties to be read in relation to hundreds of awards. It is also diverse, as treaty and arbitration practices display nuances and differences on a number of issues. While it has been expanding over the past few decades in quantitative terms, this galaxy is now developing new traits as a reaction to the criticisms formulated across civil society in relation to the protection of public interest. This textbook enables readers to master and make sense of this galaxy in motion. It offers an up-to-date, comprehensive and detailed analysis of the rules and practices which form international investment law and arbitration, covering its substantive, institutional and procedural aspects. Using analytical and practice-oriented approaches, it provides analyses accessible to readers discovering this field anew, while it offers a wealth of in-depth studies to those who are already familiar with it.
Diese Arbeit analysiert Nationale Aktionspläne für Wirtschaft und Menschenrechte als bedeutsamen Schritt in der Entwicklung unternehmerischer Menschenrechtsverantwortung. Angeleitet vom diskursiven Institutionalismus und gerahmt von einer Interpretation des Politikfeldes als Wettbewerb konkurrierender Ideen wird am Beispiel von Schweden und Deutschland detailliert der Einfluss staatlicher und nichtstaatlicher Akteure im Politikprozess beleuchtet und aufgezeigt, unter welchen Bedingungen unternehmerische Menschenrechtsverantwortung größere Verbindlichkeit gewinnt. Die Studie leistet theoretisch und empirisch einen innovativen Beitrag zur politikwissenschaftlichen Menschenrechtsforschung.
Motivated by the world-wide surge of FinTech lending, we analyze the implications of lenders’ information technology adoption for financial stability. We estimate bank-level intensity of IT adoption before the global financial crisis using a novel dataset that provides information on hardware used in US commercial bank branches after mapping them to their parent bank. We find that higher intensity of IT-adoption led to significantly lower non-performing loans when the crisis hit: banks with a one standard deviation higher IT-adoption experienced 10% lower non-performing loans. High-IT-adoption banks were not less exposed to the crisis through their geographical footprint, business model, funding sources, or other observable characteristics. Loan-level analysis indicates that high-IT-adoption banks originated mortgages with better performance and did not offload low-quality loans. We apply a simple text-analysis algorithm to the biographies of top executives and find that banks led by more “tech-oriented” managers adopted IT more intensively and experienced lower non-performing loans during the crisis. Our results suggest that technology adoption in lending can enhance financial stability through the production of more resilient loans.
Welcome to Versailles, an ocean-front mega-mansion, 100 rooms of technologically breathtaking real estate, tailor-made for Casey Baer, founder and CEO of the internet’s pre-eminent social network. He’s the closest thing the online generation has to royalty, and this is his palace. But all is not well in this concrete shell of one man’s American Dream. His wife, Synthea, once the world’s foremost industrial designer, roams the corridors in a drugged dream state. His son, River, locks himself away in his room, living vicariously through dozens of virtual pseudonyms. And Missy, his daughter, has just deleted her online profile and driven away through the gates, never to return. As River tries to track his sister down, he lights upon Deep Sky. Is it a cult? And if so, what do they want with Missy? Is she running away from home or toward a darker mystery? And why? Is it something Casey did? Versailles is a fable for the digital age. In an era of perpetual connectivity and mass surveillance, the novel explores our dual need to be witnessed and to be alone.
Valuation is the natural starting point toward buying or selling a business or securities through the stock market. Essential in wealth management, the valuation process allows the measurement of the strengths and weaknesses of a company and provides a historical reference for its development. This guide on valuation methods focuses on three global approaches: the assetbased approach, the fundamental or DCF approach, and the market approach. Ultimately, this book provides the basics needed to estimate the value of a small business. Many pedagogical cases and illustrations underpin its pragmatic and didactic content. However, it also contains enough theories to satisfy an expert audience. This book is ideal for business owners and additional players in the business world, legal professionals, accountants, wealth management advisers, and bankers, while also of interest to business school students and investors.
A story of madness, art, alcohol and creativity…elegantly translated…vivid." —New York Times An exasperated writer obsessed with American cinema embarks on an increasingly bizarre journey in this heady, engrossing novel. A man writes an enormous screenplay on the life of Herman Melville. Not a single producer is interested in it. One day, someone gives him the phone number of the great American filmmaker Michael Cimino, legendary director of The Deer Hunter and Heaven's Gate. A meeting is arranged in New York, and Cimino reads the manuscript. What follows is a series of crazy adventures through Ellis Island, the Musée de la Chasse in Paris, a lake in Italy. We run into Isabelle Huppert, Diana the hunting goddess, a Dalmatian named Sabbat, a diabolical neighbor, and two shady characters with conspicuous mustaches. There's also a pretty PhD student, an unpleasant concierge, and an aggressive maître d' who looks like Emmanuel Macron... This improbable, insightful tale bridges the divide between cinema and literature in unexpected ways that are at once gratifying and profound.
This book contextualizes the use of terror as part of wider movements of political contention, demonstrating that terroristic innovation occurs as part of wider historical processes rather than in a vacuum. Drawing on evolutionary theory, this study explains how terroristic groups innovate upon, transform, and abandon techniques of political violence in order to advance their causes against the state. The book further traces the processes through which the use of aircraft as weapons of destruction developed, from the first instances of aircraft hijacking in 1930s Peru, through Palestinian terrorism in the 1960s and 1970s, up to its adoption by al-Qaeda in the 1990s and leading to the 9/11 attack in 2001. This examination provides an essential focus on the techniques through which terror is achieved, offering a novel understanding of the mechanisms of political violence and the implications of counterterrorism on the evolution of terrorism
The authors have put together a fascinating narrative of the creation process of one of the most successful example of frugal engineering in recent years. They bring out insightful details of what managerial, organizational and technological pathways were taken to come up with a disruptive innovation that has the potential to change the entry-level automobile market in India and other emerging markets. The book significantly deepens and extends the knowledge of disruptive and reverse innovation, as well as of strategic alliance management. The book keeps the reader captive and is a must read for all who have an interest in innovation.
The global landscape has changed profoundly over the past decades. As a result, the making of international law and the way we think about it has become more and more diversified. This Research Handbook offers a comprehensive guide to the theory and practice of international lawmaking today. It takes stock at both the conceptual and the empirical levels of the instruments, processes, and actors involved in the making of international law. The editors have taken an approach which carefully combines theory and practice in order to provide both an overview and a critical reflection of international lawmaking. Comprehensive and well-structured, the book contains essays by leading scholars on key aspects of international lawmaking and on lawmaking in the main issue areas. Attention is paid to classic processes as well as new developments and shades of normativity. This timely and authoritative Handbook will be a valuable resource for academics, students, legal practitioners, diplomats, government and international organization officials as well as civil society representatives.
Yves-Yannick Ford was born in 1969 and spent his childhood in Buckinghamshire, UK. His parents and grandparents taught him the importance and value of the Bible as the Word of God, and it was through reading and re-reading the Epistle to the Romans that Yannick found settled peace and assurance of salvation as a young man. He studied biochemistry and works as a scientist in Kent, UK, where he lives with his wife and four children. He is keen for others to read the Bible and experience its life-changing power too, since it is "living and powerful, and sharper than any two-edged sword" (Hebrews 4:12), and God uses His Word to cause us to be born again (James 1:18; 1 Peter 1:23). This is one of the purposes of the commentary on Job - to show how, all through the Bible, there is one message of salvation, and how we can enter into a relationship of peace and joy with God through the work of the Lord Jesus Christ. A second objective is to show how the lessons that Job learned can teach us not to rely on ourselves, but to trust in the Lord Jesus who has not only forgiven our sins, but has also dealt with our sinful nature and gives us the power to live a life that is pleasing to Him. The author takes up the points made by Job and his friends in their long series of speeches, and shows how these can be understood in the light of the Bible as a whole.
We study the role of financial frictions in explaining the sharp and persistent productivity growth slowdown in advanced economies after the 2008 global financial crisis. Using a rich cross-country, firm-level data set and exploiting quasi-experimental variation in firm-level exposure to the crisis, we find that the combination of pre-existing firm-level financial fragilities and tightening credit conditions made an important contribution to the post-crisis productivity slowdown. Specifically: (i) firms that entered the crisis with weaker balance sheets experienced decline in total factor productivity growth relative to their less vulnerable counterparts after the crisis; (ii) this decline was larger for firms located in countries where credit conditions tightened more; (iii) financially fragile firms cut back on intangible capital investment compared to more resilient firms, which is one plausible way through which financial frictions undermined productivity. All of these effects are highly persistent and quantitatively large—possibly accounting on average for about a third of the post-crisis slowdown in within-firm total factor productivity growth. Furthermore, our results are not driven by more vulnerable firms being less productive or having experienced slower productivity growth before the crisis, or differing from less vulnerable firms along other dimensions.
“Yannick Murphy, while being one of our most daring and original writers, is first and foremost an exquisitely attuned observer of human behavior. . . . Murphy’s work provides pretty much unexceeded reading pleasure.” —Dave Eggers The warm, wry, and patient voice of a veterinarian father tells the heartfelt story of his young New England family enduring a moving trial of loyalty, hope, and faith after they are confronted with an unthinkable crisis. Acclaimed author Yannick Murphy’s intimate narrative style and lovely prose will enthrall readers of Rivka Galchen, Padgett Powell, and Murphy’s own Signed, Mata Hari. The Call is a “triumph of quiet humor and understated beauty” (Publishers Weekly, starred review) from an author that the New York Times Book Review calls “an extraordinarily gifted fabulist.”
A call for a new form of democracy in which “hybrid forums” composed of experts and laypeople address such sociotechnical controversies as hazardous waste, genetically modified organisms, and nanotechnology. Controversies over such issues as nuclear waste, genetically modified organisms, asbestos, tobacco, gene therapy, avian flu, and cell phone towers arise almost daily as rapid scientific and technological advances create uncertainty and bring about unforeseen concerns. The authors of Acting in an Uncertain World argue that political institutions must be expanded and improved to manage these controversies, to transform them into productive conversations, and to bring about “technical democracy.” They show how “hybrid forums”—in which experts, non-experts, ordinary citizens, and politicians come together—reveal the limits of traditional delegative democracies, in which decisions are made by quasi-professional politicians and techno-scientific information is the domain of specialists in laboratories. The division between professionals and laypeople, the authors claim, is simply outmoded. The authors argue that laboratory research should be complemented by everyday experimentation pursued in the real world, and they describe various modes of cooperation between the two. They explore a range of concrete examples of hybrid forums that have dealt with sociotechnical controversies including nuclear waste disposal in France, industrial waste and birth defects in Japan, a childhood leukemia cluster in Woburn, Massachusetts, and mad cow disease in the United Kingdom. The authors discuss the implications for political decision making in general and describe a “dialogic” democracy that enriches traditional representative democracy. To invent new procedures for consultation and representation, they suggest, is to contribute to an endless process that is necessary for the ongoing democratization of democracy.
Now in a fully updated and expanded fifth edition, this textbook introduces the power and politics of sport organizations to the readers. It explores the managerial activities essential to good governance and policy development and looks at the structure and functions of individual organizations within the larger context of the global sport industry. Full of real-world examples, cases, and data, this book examines the dilemmas faced by sport managers, administrators, and policymakers in their everyday work, helping readers to understand the importance of good governance and sound policy frameworks in any successful sport organization. Introducing core managerial functions and surveying every sector of contemporary sport from school and community sport to professional leagues and international megaevents, this edition includes brand-new chapters focused on diversity, equity, and inclusion; on esports; and on governance in times of crisis, covering issues such as COVID-19, climate change, scandal, and security risks. Helping readers to see a big picture across the contemporary sport industry, at all levels, and to find their place in it as future sport managers, this textbook is essential for all courses on sport governance, sport policy, or sport development. This book is accompanied by a suite of useful ancillary materials, including an instructors’ guide, test bank, and PowerPoint slides.
This paper analyzes the importance of information technology (IT) in banking for entrepreneurship. To guide our empirical analysis, we build a parsimonious model of bank screening and lending that predicts that IT in banking can spur entrepreneurship by making it easier for startups to borrow against collateral. We provide empirical evidence that job creation by young firms is stronger in US counties that are more exposed to ITintensive banks. Consistent with a strengthened collateral lending channel for IT banks, entrepreneurship increases more in IT-exposed counties when house prices rise. In line with the model's implications, IT in banking increases startup activity without diminishing startup quality and it also weakens the importance of geographical distance between borrowers and lenders. These results suggest that banks' IT adoption can increase dynamism and productivity.
Over the past three decades, the price of machinery and equipment fell dramatically relative to other prices in advanced and emerging market and developing economies. Using cross-country and sectoral data, we show that the decline in the relative price of tangible tradable capital goods provided a significant impetus to the capital deepening that took place during the same time period. The broad-based decline in the relative price of machinery and equipment, in turn, was driven by the faster productivity growth in the capital goods producing sectors relative to the rest of the economy, and deeper trade integration, which induced domestic producers to lower prices and increase their efficiency. Our findings suggest an additional channel through which rising trade tensions and sluggish productivity could threaten real investment growth going forward.
A biography of Abraham Lincoln, focusing on his childhood spent in poverty on the Midwestern frontier, and chronicling his rise to the Presidency and the highlights of his tenure.
Neonatal meningitis contributes substantially to neurological disability worldwide. Its incidence remains low but is significantly higher in neonates with documented sepsis, preterm infants, and when meningitis is nosocomial. Neonates are at higher risk of meningitis because of immaturity in humoral and cellular immunity, and the absence of specific clinical signs makes diagnosis of meningitis more difficult in neonates than in older children. Neonatal meningitis remains, therefore, a public health challenge for pediatricians. Mortality and long-term complications in survivors are observed in 10–15% and 20–50%, respectively, depending on term at diagnosis, type of identified organisms, and delay before treatment. Neurological deficits range from moderate-to-severe disabilities to more subtle problems including visual deficits, middle-ear disease, and cognitive and behavioral impairments. Intracerebral complications should be documented using magnetic resonance imaging. Treatment should be initiated once the diagnosis is suspected using a parenteral combination of bactericidal antibiotics adapted to pathogen sensitivity.
We provide evidence of a new channel through which exchange rates affect trade. Using a novel identification strategy that exploits firms’ maturity structure of foreign currency debt around a large depreciation in Colombia, we show that firms experiencing a stronger debt revaluation of dominant currency debt due to a home currency depreciation compress imports relatively more while exports are unaffected. Dominant currency financing does not lead to an import compression for firms that export, hold foreign currency assets, or are active in the foreign exchange derivatives markets, as they are all hedged against a revaluation of their debt. These findings can be rationalized through the prism of a model with costly state verification and foreign currency borrowing. Quantitatively, the dominant currency financing channel explains a significant part of the external adjustment process in addition to the expenditure switching channel. Pricing exports in the dominant currency, instead of the producer’s currency, mutes the effect of dominant currency financing on trade flows.
In "Wild Werewolves," the Mystery Club set off on a citywide search for a werewolf; and in "Mummy Mischief," the Mystery Club investigates if a mummy sighting in the subway station is connected to the new exhibit at the British Museum.
This volume illustrates the research not only of French accountants (Colasse, Durand, Jouanique, Lemarchand, Nikitin, Richard, Tessier) but also the work of Belgian authors writing in French (Stevelinck, Haulotte) and of French non-accountants (de Swarte, Durdilly, Sauvy). The work of British and North American academics, writing in English on French accounting history is also illustrated from the 1930s (Howard, Edwards), through to the 1960s (Parker) and the more recent research of Standish, Fortin and Bhimani. The contributions to this volume have been arranged both chronologically and thematically as follows: the earliest business accounting records; the first French accounting authors; Colbert, Savbary and the Ordonnance de Commerce; the eighteenth and nineteenth centuries; cost accounting; the national accounting plan; national income accounting; government accounting and accounting theory. An abstract of each contribution is given in both English and French.
These prove to be her salvation when at last she and her family cross the sea of trees that separates them from freedom, and they journey from Shanghai to Saigon to Marseilles, making their way to America.
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