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Beyond mechanical markets: asset price swings, risk, and the role of the state

Frydman, Roman
In the wake of the global financial crisis that began in 2007, faith in the rationality of markets has lost ground to a new faith in their irrationality. The problem, Roman Frydman and Michael Goldberg argue, is that both the rational and behavioral theories of the market rest on the same fatal assumption--that markets act mechanically and economic change is fully predictable. In Beyond Mechanical Markets , Frydman and Goldberg show how the failure to abandon this assumption hinders our understanding of how markets work, why price swings help allocate capital to worthy companies, and what role government can and can't play. The financial crisis, Frydman and Goldberg argue, was made more likely, if not inevitable, by contemporary economic theory, yet its core tenets remain unchanged today. In response, the authors show how imperfect knowledge economics, an approach they pioneered, provides a better understanding of markets and the financial crisis. Frydman and Goldberg deliver a withering critique of the widely accepted view that the boom in equity prices that ended in 2007 was a bubble fueled by herd psychology. They argue, instead, that price swings are driven by individuals' ever-imperfect interpretations of the significance of economic fundamentals for future prices and risk. Because swings are at the heart of a dynamic economy, reforms should aim only to curb their excesses. Showing why we are being dangerously led astray by thinking of markets as predictably rational or irrational, Beyond Mechanical Markets presents a powerful challenge to conventional economic wisdom that we can't afford to ignore.
Princeton University Press 2011-02-27 285 pages

The human test: how predictability, creativity, and the quantum mind will redefine life in the age of AI

Folman, Ron
"As data harvesting continues its exponential growth and computing power increases beyond what we can even imagine, AI and Big Data will be able to predict what we want for breakfast, what shoes we will buy, which political party we will vote for, and who we will fancy in a bar. Indeed, these deep-learning machines will know us better than we know ourselves. The day awaits when academia and big business will be able to quantify just how predictable each of us are. If indeed we are predictable like machines, to what extent are we alive, and under what definition? In The Human Test, quantum physicist Ron Folman unites findings from cognitive science, quantum physics, philosophy, and technology to offer a prescient look into this startling new era of human existence. If we are indeed found to be predictable, it will change everything we thought we knew about human nature. The Human Test strives for a new paradigm, and this new paradigm is found in human predictability. Existing monitors of general brain activity measure only very rudimentary aspects of the human experience, or what may be called human life; could the advent of a disruptive new technology bring about a much more insightful measure of who we are? While The Human Test describes a new and profound near-future impact of AI, it is rooted in a topic of paramount importance to humans: the enigma of consciousness and how it defines human life-or, what differentiates humans from all other life forms. Ultimately, The Human Test addresses some of the most fundamental questions about our species, starting with the most crucial: do we have free will, or are we merely machines? Fortunately, there is an antidote to predictability: creativity, that wondrous state of being original and inherently not predictable. Ultimately, Folman argues that if we can understand predictability, we can learn how to distance ourselves from it, and transcend to a purer idea of what human life should look like"-- Provided by publisher.
Prometheus 2025-03-25 267 pages

Tales of a Road Dog The Lowdown Along the Blues Highway

Ron Levy
"Wow, Ron Levy's book is AMAZING! Wonderful reading, entertaining, fun, educational and, well, AMAZING!" - Norman Darwen - Blues Matters! - UK "I want everyone to know, Ron Levy is one of the very best musicians I've ever played and worked with. Now, he's even written a great book! I'm so proud of my 'son'." B.B. King 4/13/13 "Ron Levy endures as an ingenious Blues keyboardist -- touring most notably with B.B. King for 7 years -- and he was there when B.B. played Muhammad Ali's private parties, as well as stadium shows in Africa and throughout the world. He was the ultimate road warrior, also tickling the ivories for Albert King, Roomful of Blues and his own Ron Levy's Wild Kingdom, while meeting everyone from Elvis Presley to Nina Simone. He distills it all in his lively, remarkably honest book (NOW IN PAPERBACK), 'Tales of a Road Dog.' Nearly everything is unique in these gritty and humorous stories of survival with some of music's great pioneers and the musicians who powered them on stage. If you thought you knew about music history, trust me that you'll know even more when you delve into Levy's rich and colorful text. This guy can write as well as he can play." - STEVE MORSE - Boston Globe, Billboard and Rolling Stone. A download link to Levy's critically acclaimed album "FUNKY FIESTA!" is included. - Also available as a Web-book & eBook!
CreateSpace Independent Publishing Platform 2013 512 pages

The Giver

Ron Rifkin
At the annual Ceremony of Twelve, Jonas is chosen for something special as his life assignment. This leads him to The Giver, a man who holds all the memories of the past. Through this man, Jonas learns the terrible truth about the society in which he lives. Given his lifetime assignment at the Ceremony of Twelve, Jonas becomes the receiver of memories shared by only one other in his community and discovers the terrible truth about the society in which he lives.
Listening Library 2006 180 pages

The one percent doctrine: deep inside America's pursuit of its enemies since 9/11

Suskind, Ron
What is the guiding principle of the world's most powerful nation as it searches for enemies at home and abroad? Who is actually running U.S. foreign policy? The story begins on September 12, 2001, as America began to gather itself for a response to the unimaginable. Journalist Suskind tells us what actually occurred over the next three years, from the inside out, by tracing the steps of the key actors who oversee the "war on terror" and report progress to an anxious nation; and the invisibles, the men and women just below the line of sight, left to improvise plans to defeat a new kind of enemy in an hour-by-hour race against disaster. The internal battles between these two teams--one, the Bush administration, under the hot lights; the other, actually fighting the fight--reveal everything about what America faces, and what it has done, in this age of terror.--From publisher description
Simon & Schuster 2006 367 pages

L'amour fou: photography & surrealism

Krauss, Rosalind E.
Much has been written about Surrealist painting and sculpture, but most of the erotic, disorienting, and exquisite Surrealist photographs of Man Ray, Marcel Duchamp, Max Ernst, André Breton, Brassaï, Salvador Dalí, André Kertész, and Hans Bellmer have remained all but unknown -- until now. Traditional criticism has viewed Surrealist photography as a pale imitation of authentic Surrealist work. The assumption has been that photography, a "realistic" medium, is fundamentally incompatible with a cause devoted to the wildly subjective, the world of dreams, and the unconscious. As a consequence, Surrealist photography, a major body of twentieth-century art, has remained largely unexplored. L Amour fou is the first book to study the crucial role photography did in fact play in the Surrealist movement. It shows how photographers enlisted into the service of "subjective" Surrealism their mediums very claim to "objective" reality. Of greatest interest, of course, is the books abundant reproductions of the fantastic and distorted photographic creations that must be acknowledged as an important part of the Surrealist oeuvre. Rosalind Krauss, a professor of art history at Hunter College, CUNY, New York City, is a widely published author of books and articles on art subjects, including Surrealism. Jane Livingston, former associate director and chief curator of The Corcoran Gallery of Art in Washington, D.C., has written major books and exhibition catalogues on art and photography. Dawn Ades has written several art books, including Abbevilles The 20th-Century Poster.
Corcoran Gallery of Art 1985 243 pages

The originality of the avant-garde and other modernist myths

Krauss, Rosalind E.
Co-founder and co-editor of October magazine, a veteran of Artforum of the 1960s and early 1970s, Rosalind Krauss has presided over and shared in the major formulation of the theory of postmodernism. In this challenging collection of fifteen essays, most of which originally appeared in October, she explores the ways in which the break in style that produced postmodernism has forced a change in our various understandings of twentieth-century art, beginning with the almost mythic idea of the avant-garde. Krauss uses the analytical tools of semiology, structuralism, and poststructuralism to reveal new meanings in the visual arts and to critique the way other prominent practitioners of art and literary history write about art. In two sections, "Modernist Myths" and "Toward Postmodernism," her essays range from the problem of the grid in painting and the unity of Giacometti's sculpture to the works of Jackson Pollock, Sol Lewitt, and Richard Serra, and observations about major trends in contemporary literary criticism.
MIT Press 1985 307 pages

Dearest children,--

Shain, Ruchoma
From the time she made aliyah, Ruchoma Shain, author of the best-selling "All for the Boss" , kept up a lively correspondence with her children in America. In these beautiful letters, filled with her hallmark warmth, sincerity, and irrepressible humor, she vividly describes her experiences in getting adjusted to life in Israel and in celebrating the festivals Eretz Yisrael-style. She shares with her children her excitement over starting a new career as an author at the age of 68, and poignantly mourns her beloved husband's passing. Inspiring, touching, informative, hilarious Mrs. Shain's letters and anectdotes are all these things and more.
Feldheim Publishers 1992 293 pages

Finance capital: a study of the latest phase of capitalist development

Hilferding, Rudolf
This is the first English translation of one of the classical works of Marxist economic theory. When Rudolf Hilferding’s Finance Capitalwas first published in 1919 it was acclaimed by reviewers as a continuation of Marx’s Capital, and it has a major influence upon subsequent Marxist thought, especially in the analysis of imperialism where it provided some of the fundamental ideas for the theories of Bukharin and Lenin. But Hilferding’s work was much more than a study of imperialism, which was presented only in the last section of the book. It set out to examine the main tendencies in the development of the capitalist mode of production as a whole at the beginning of the twentieth century, beginning with an exposition of the theory of money (in which particular attention was paid to the growth of credit money), then analysing the increasingly important role of the banks in the mobilization of capital, along with the development of large corporations, cartels and trusts, and finally outlining a theory of economic crises. Hilferding’s book has, however, more than an historical interest. It is a model for any renewed attempt to understand the ‘latest phase of capitalist development’ in the closing decades of the twentieth century, and Hilferdin’s ideas still provide essential elements for the elaboration of theoretically enlightened and realistic policies in the socialist movement.
Routledge 2019 466 pages

The reality of ESP: a physicist's proof of psychic phenomena

Targ, Russell
On February 4, 1974, members of the Symbionese Liberation Army kidnapped nineteen-year-old newspaper heiress Patricia Hearst from her Berkeley, California apartment. Desperate to find her, the police called physicist Russell Targ and Pat Price, a psychic retired police commissioner. As Price turned the pages of the police mug book filled with hundreds of photos, suddenly he pointed to one of them and announced, “That’s the ringleader.” The man was Donald DeFreeze, who was indeed subsequently so identified. Price also described the type and location of the kidnap car, enabling the police to find it within minutes. That remarkable event is one reason Targ believes in ESP. Another occurred when his group made $120,000 by forecasting for nine weeks in a row the changes in the silver-commodity futures market As a scientist, Targ demands proof. His experience is based on two decades of investigations at the Stanford Research Institute (SRI), which he cofounded with physicist Harold Puthoff in 1972. This twenty-million dollar program launched during the Cold War was supported by the CIA, NASA, the Defense Intelligence Agency, and Army and Air Force Intelligence. The experiments they conducted routinely presented results could have happened by chance less than once in a million. Targ describes four types of experiments: Remote Viewing, in which a person describes places and events independent of space and time. For example, while in California Price drew to scale a Soviet weapons factory at Semipalitinsk with great accuracy later confirmed by Satellite photography. In another remote viewing, Targ accurately sketched an airport in San Andreas, Columbia himself.Distant Mental Influence, where the thoughts of the experimenter can positively or negatively affect the physiology (heart rate, skin resistance, etc.) of a distant person. Whole field isolation, where someone in a state of sensory isolation accurately describes the visual experiences of someone else in another placePrecognition and retrocausality, showing that the future can affect the past. That is, the elephant you see on television in the morning can be the cause of your having dreamed about elephants the previous night. Final chapters present evidence for survival after death; explain how ESP works based on the Buddhist/Hindu view of our selves as nonlocal, eternal awareness; discuss the ethics of exercising psychic abilities,and show us how to explore ESP ourselves. “I am convinced,” Targ says, “that most people can learn to move from their ordinary mind to one not obstructed by conventional barriers of space and time. Who would not want to try that?”
Quest Books 2012-03-27 306 pages