31 results for "Economics"

The age of AI: and our human future

Kissinger, Henry,Schmidt, Eric,Huttenlocher, Daniel P.
"Artificial Intelligence (AI) is transforming human society in fundamental and profound ways. Not since the Age of Reason have we changed how we approach security, economics, order, and even knowledge itself. In the Age of AI, three deep and accomplished thinkers come together to consider what AI will mean for us all."
Back Bay Books, Little, Brown and Company 2022 266 pages

Great Society A New History

Amity Shlaes
The New York Times bestselling author of The Forgotten Man and Coolidge offers a stunning revision of our last great period of idealism, the 1960s, with burning relevance for our contemporary challenges. "Great Society is accurate history that reads like a novel, covering the high hopes and catastrophic missteps of our well-meaning leaders." --Alan Greenspan Today, a battle rages in our country. Many Americans are attracted to socialism and economic redistribution while opponents of those ideas argue for purer capitalism. In the 1960s, Americans sought the same goals many seek now: an end to poverty, higher standards of living for the middle class, a better environment and more access to health care and education. Then, too, we debated socialism and capitalism, public sector reform versus private sector advancement. Time and again, whether under John F. Kennedy, Lyndon Johnson, or Richard Nixon, the country chose the public sector. Yet the targets of our idealism proved elusive. What's more, Johnson's and Nixon's programs shackled millions of families in permanent government dependence. Ironically, Shlaes argues, the costs of entitlement commitments made a half century ago preclude the very reforms that Americans will need in coming decades. In Great Society, Shlaes offers a powerful companion to her legendary history of the 1930s, The Forgotten Man, and shows that in fact there was scant difference between two presidents we consider opposites: Johnson and Nixon. Just as technocratic military planning by "the Best and the Brightest" made failure in Vietnam inevitable, so planning by a team of the domestic best and brightest guaranteed fiasco at home. At once history and biography, Great Society sketches moving portraits of the characters in this transformative period, from U.S. Presidents to the visionary UAW leader Walter Reuther, the founders of Intel, and Federal Reserve chairmen William McChesney Martin and Arthur Burns. Great Society casts new light on other figures too, from Ronald Reagan, then governor of California, to the socialist Michael Harrington and the protest movement leader Tom Hayden. Drawing on her classic economic expertise and deep historical knowledge, Shlaes upends the traditional narrative of the era, providing a damning indictment of the consequences of thoughtless idealism with striking relevance for today. Great Society captures a dramatic contest with lessons both dark and bright for our own time.
HarperCollins Publishers 2020-11-24 528 pages

Inadequate Equilibria Where and How Civilizations Get Stuck

Eliezer Yudkowsky
When should you think that you may be able to do something unusually well?If you're trying to advance a scientific field - or start the next Facebook - or just get a really good deal buying cheap electronics from Hong Kong - then it's important that you have a sober understanding of your competencies, and the competencies of others. The story only ends there, however, if you're fortunate enough to live in an adequate civilization.Inadequate Equilibria is a sharp and lively guidebook for anyone questioning when and how they can know better, and do better, than the status quo. Freely mixing debates on the foundations of rational decision-making with tips for everyday life, Eliezer Yudkowsky explores the central question of when we can (and can't) expect to spot systemic inefficiencies and opportunities to "beat the market."
Machine Intelligence Research Institute 2017-11-16 167 pages

Conservatism: the fight for a tradition

Fawcett, Edmund
A fresh and sharp-eyed history of political conservatism from its nineteenth-century origins to today’s hard Right For two hundred years, conservatism has defied its reputation as a backward-looking creed by confronting and adapting to liberal modernity. By doing so, the Right has won long periods of power and effectively become the dominant tradition in politics. Yet, despite their success, conservatives have continued to fight with each other about how far to compromise with liberalism and democracy—or which values to defend and how. In Conservatism , Edmund Fawcett provides a gripping account of this conflicted history, clarifies key ideas, and illuminates quarrels within the Right today. Focusing on the United States, Britain, France, and Germany, Fawcett’s vivid narrative covers thinkers and politicians. They include the forerunners James Madison, Edmund Burke, and Joseph de Maistre; early friends and foes of capitalism; defenders of religion; and builders of modern parties, such as William McKinley and Lord Salisbury. The book chronicles the cultural critics and radical disruptors of the 1920s and 1930s, recounts how advocates of laissez-faire economics broke the post 1945 consensus, and describes how Donald Trump, Boris Johnson, and their European counterparts are pushing conservatism toward a nation-first, hard Right. An absorbing, original history of the Right, Conservatism portrays a tradition as much at war with itself as with its opponents.
Princeton University Press 2022-04-05 525 pages

Three Days at Camp David How a Secret Meeting in 1971 Transformed the Global Economy

Jeffrey E. Garten
The former dean of the Yale School of Management and Undersecretary of Commerce in the Clinton administration chronicles the 1971 August meeting at Camp David, where President Nixon unilaterally ended the last vestiges of the gold standard--breaking the link between gold and the dollar--transforming the entire global monetary system. Over the course of three days--from August 13 to 15, 1971--at a secret meeting at Camp David, President Richard Nixon and his brain trust changed the course of history. Before that weekend, all national currencies were valued to the U.S. dollar, which was convertible to gold at a fixed rate. That system, established by the Bretton Woods Agreement at the end of World War II, was the foundation of the international monetary system that helped fuel the greatest expansion of middle-class prosperity the world has ever seen. In making his decision, Nixon shocked world leaders, bankers, investors, traders and everyone involved in global finance. Jeffrey E. Garten argues that many of the roots of America's dramatic retrenchment in world affairs began with that momentous event that was an admission that America could no longer afford to uphold the global monetary system. It opened the way for massive market instability and speculation that has plagued the world economy ever since, but at the same time it made possible the gigantic expansion of trade and investment across borders which created our modern era of once unimaginable progress. Based on extensive historical research and interviews with several participants at Camp David, and informed by Garten's own insights from positions in four presidential administrations and on Wall Street, Three Days at Camp David chronicles this critical turning point, analyzes its impact on the American economy and world markets, and explores its ramifications now and for the future.
Harper 2022 464 pages

Doing physics: how physicists take hold of the world

Krieger, Martin H.
Doing Physics makes concepts of physics easier to grasp by relating them to everyday knowledge. Addressing some of the models and metaphors that physicists use to explain the physical world, Martin H. Krieger describes the conceptual world of physics by means of analogies to economics, anthropology, theater, carpentry, mechanisms such as clockworks, and machine tool design. The interaction of elementary particles or chemical species, for example, can be related to the theory of kinship—who can marry whom is like what can interact with what. Likewise, the description of physical situations in terms of interdependent particles and fields is analogous to the design of a factory with its division of labor among specialists. For the new edition, Krieger has revised the text and added a chapter on the role of mathematics and formal models in physics. Doing Physics will be of special interest to economists, political theorists, anthropologists, and sociologists as well as philosophers of science.
Indiana University Press 2012-11-19 218 pages

Price theory and applications

Landsburg, Steven E.
"This is a book about how the world works. When you finish the first chapter, you will know how to analyze the effects of sales and excise taxes, and you will have discovered the surprising result that a tax on buyers and a tax on sellers have exactly the same effects. When you finish the second chapter, you will understand why oranges, on average, taste better in New York than in Florida. In each succeeding chapter, you will be exposed to new ideas in economics and to their surprising consequences for the world around you. To learn what price theory is, dig in and begin reading."--Page xiv (Preface).
Cengage Learning 2014 690 pages

On justification: economies of worth

Boltanski, Luc
A vital and underappreciated dimension of social interaction is the way individuals justify their actions to others, instinctively drawing on their experience to appeal to principles they hope will command respect. Individuals, however, often misread situations, and many disagreements can be explained by people appealing, knowingly and unknowingly, to different principles. On Justification is the first English translation of Luc Boltanski and Laurent Thévenot's ambitious theoretical examination of these phenomena, a book that has already had a huge impact on French sociology and is likely to have a similar influence in the English-speaking world. In this foundational work of post-Bourdieu sociology, the authors examine a wide range of situations where people justify their actions. The authors argue that justifications fall into six main logics exemplified by six authors: civic (Rousseau), market (Adam Smith), industrial (Saint-Simon), domestic (Bossuet), inspiration (Augustine), and fame (Hobbes). The authors show how these justifications conflict, as people compete to legitimize their views of a situation. On Justification is likely to spark important debates across the social sciences.
Princeton University Press 2006-04-16 389 pages

Bootstrapped Liberating Ourselves from the American Dream

Alissa Quart
An unsparing, incisive, yet ultimately hopeful look at how we can shed the American obsession with self-reliance that has made us less healthy, less secure, and less fulfilled The promise that you can "pull yourself up by your bootstraps" is central to the story of the American Dream. It's the belief that if you work hard and rely on your own resources, you will eventually succeed. However, time and again we have seen how this foundational myth, with its emphasis on individual determination, brittle self-sufficiency, and personal accomplishment, does not help us. Instead, as income inequality rises around us, we are left with shame and self-blame for our condition. Acclaimed journalist Alissa Quart argues that at the heart of our suffering is a do-it-yourself ethos, the misplaced belief in our own independence and the conviction that we must rely on ourselves alone. Looking at a range of delusions and half solutions--from "grit" to the false Horatio Alger story to the rise of GoFundMe--Quart reveals how we have been steered away from robust social programs that would address the root causes of our problems. Meanwhile, the responsibility for survival has been shifted onto the backs of ordinary people, burdening generations with debt instead of providing the social safety net we so desperately need. Insightful, sharply argued, and characterized by Quart's lively writing and deep reporting, and for fans of Evicted and Nickel and Dimed, Bootstrapped is a powerful examination of what ails us at a societal level and a plan for how we can free ourselves from these self-defeating narratives.
HarperCollins Publishers 2024-04-09 288 pages

For a New Liberty The Libertarian Manifesto

Murray N. Rothbard
In For a New Liberty: The Libertarian Manifesto, Rothbard proposes a once-and-for-all escape from the two major political parties, the ideologies they embrace, and their central plans for using state power against people. Libertarianism is Rothbard's radical alternative that says state power is unworkable and immoral and ought to be curbed and finally overthrown.To make his case, Rothbard deploys his entire system of thought: natural law, natural rights, Austrian economics, American history, the theory of the state, and more.It is relentless, scientific, analytical, and morally energetic — a book that makes an overwhelming case. Indeed, it gave an entire movement its intellectual consciousness and earned Rothbard the titles "Mr. Libertarian" and "The State's Greatest Living Enemy."Society without the nation-state? Rothbard shows that this is the way for peace, prosperity, security, and freedom for all. In the entire history of libertarian ideas, no book has more successfully combined ideological rigor, theoretical exposition, political rhetoric, historical illustration, and strategic acumen. Rothbard poured a lifetime of research and all his intellectual energy into this project and he succeeded in writing a classic.The book is the result of the only contract Rothbard ever received from a mainstream commercial publisher. He was asked to sum up the whole of the libertarian creed. Looking at the original manuscript, which was nearly complete after its first draft, it seems that it was a nearly effortless joy for him to write. It is seamless, unrelenting, and full of life.He cut no corners and pulled no punches. It appeared in 1973 and created a whole movement that set out to crush the political monopoly.In subject after subject, this book is informative, bracing, and challenging. It also features the characteristically clear writing style for which Rothbard is famous, which stemmed from his organized thinking and passionate drive to teach and change the world.The book begins with American history to show that the revolution of 1776 was the most libertarian of any in history. The pastors, pamphleteers, and statesmen who led it held that the state has no rights that the people themselves do not possess. They demanded full liberty, not some truncated version that existed in the old world. In this discussion, the reader comes to appreciate the founders of the United States of America as never before.Rothbard then sets out to rekindle that fire, first through a discussion of the philosophy and ethics of freedom. The central axiom: no man or group of men may aggress against the person and property of anyone else. He justifies the axiom on the basis of natural rights. It is an axiom that has few opponents, until Rothbard spells out its implications: taxation is theft, conscription is slavery, and war is mass murder, among many other points.Bracing indeed! But the state is the primary violator of this simple axiom. It presumes the right to rob and kill while purporting to protect us from robbing and killing. Thus follows a full theory of the state, how it gains and maintains controls over the population (but not through a "social contract"!), the various failed methods for keeping it in check (not even constitutions work!), its operations and tendencies to work its evil (it never has enough power), and how intellectuals become co-opted by the forces of state power.The book is still regarded as "dangerous" precisely because, once the exposure to Rothbardianism takes place, no other book on politics, economics, history, or sociology can be read the same way again.
Ludwig von Mises Institute 2020 420 pages

Beyond Capital Marx's Political Economy of the Working Class

Michael A. Lebowitz
"Was Marx's Capital intended as a study of capitalism as a whole or was it meant as an analysis of capital? In Beyond 'Capital', Michael A. Lebowitz explores the implications of the book on wage-labour that Marx originally intended to write. Focusing on critical assumptions in Capital that were to be removed in Wage-Labour and upon Marx's methodology, Lebowitz stresses the one-sidedness of Marx's Capital and argues that the side of the workers, their goals and their struggles in capitalism have been ignored by a one-sided Marxism characterized by determinism, reductionism and a silence on human experience. In this completely reworked edition of his 1992 book, Lebowitz introduces three new chapters and explores problems in Marx's wage theory, the place of the workers' state in Marx's theory and the importance of the concept of the collective worker."--BOOK JACKET.
St. Martin's Press 1992 187 pages

The beginning of heaven and Earth has no name: seven days with second-order cybernetics

Von Foerster, Heinz
"Heinz von Foerster was the inventor of second-order cybernetics, which recognizes the investigator as part of the system he is investigating. The Beginning of Heaven and Earth Has No Name provides an accessible, nonmathematical, and comprehensive overview of von Foerster's cybernetic ideas and of the philosophy latent within them. It distills concepts scattered across the lifework of this scientific polymath and influential interdisciplinarian. At the same time, as a book-length interview, it does justice to von Foerster's élan as a speaker and improviser, his skill as a raconteur. Developed from a week-long conversation between the editors and von Foerster near the end of his life, this work playfully engages von Foerster in developing the difference his notion of second-order cybernetics makes for topics ranging from emergence, life, order, and thermodynamics to observation, recursion, cognition, perception, memory, and communication. The book gives an English-speaking audience a new ease of access to the rich thought and generous spirit of this remarkable and protean thinker"--
Fordham University Press 2014 204 pages

The Ethics of Liberty

Murray Newton Rothbard
LARGE PRINT EDITION! More at LargePrintLiberty.com. This book is a masterpiece of argumentation, and shockingly radical in its conclusions. Rothbard says that the very existence of the state--the entity with a monopoly privilege to invade private property--is contrary to the ethics of liberty. A society without a state is not only viable; it is the only one consistent with natural rights. In this volume, Rothbard first familiarizes the reader with Natural Law theory. After this ethical introduction, he goes on to address numerous ethical issues, showing how liberty is in the right in every case. In the final two sections, Rothbard enumerates the state's role in society as inherently anti-liberty, and details the structure of alternate theories of liberty.
CreateSpace Independent Publishing Platform 2014-06-22 360 pages

Formative Writings (Routledge Revivals)

Simone Weil
This volume, first published in English in 1987 makes available an important part of Weil’s early writings. Although primarily known as a religious thinker, she devoted enormous energy in her formative years to her work as a political activist and as a philosopher/teacher. This book reveals these other sides of Weil and demonstrates the lines of continuity underlying her whole thought. Written between 1929 and 1941 the book covers a crucial and transitional period in Weil’s life. Taken together they represent invaluable primary source material on the evolution of Weil’s life and on her chosen method of abstracting elements from her personal experience and transmuting that experience into considered thought. Even when highly theoretical, her writing was always concerned with the application of her intelligence to concrete problems of human existence.
Routledge 2009-12-17 294 pages

For and against method: including Lakatos's lectures on scientific method and the Lakatos-Feyerabend correspondence

Lakatos, Imre
The work that helped to determine Paul Feyerabend's fame and notoriety, Against Method, stemmed from Imre Lakatos's challenge: "In 1970 Imre cornered me at a party. 'Paul,' he said, 'you have such strange ideas. Why don't you write them down? I shall write a reply, we publish the whole thing and I promise you—we shall have a lot of fun.' " Although Lakatos died before he could write his reply, For and Against Method reconstructs his original counter-arguments from lectures and correspondence previously unpublished in English, allowing us to enjoy the "fun" two of this century's most eminent philosophers had, matching their wits and ideas on the subject of the scientific method. For and Against Method opens with an imaginary dialogue between Lakatos and Feyerabend, which Matteo Motterlini has constructed, based on their published works, to synthesize their positions and arguments. Part one presents the transcripts of the last lectures on method that Lakatos delivered. Part two, Feyerabend's response, consists of a previously published essay on anarchism, which began the attack on Lakatos's position that Feyerabend later continued in Against Method. The third and longest section consists of the correspondence Lakatos and Feyerabend exchanged on method and many other issues and ideas, as well as the events of their daily lives, between 1968 and Lakatos's death in 1974. The delight Lakatos and Feyerabend took in philosophical debate, and the relish with which they sparred, come to life again in For and Against Method, making it essential and lively reading for anyone interested in these two fascinating and controversial thinkers and their immense contributions to philosophy of science. "The writings in this volume are of considerable intellectual importance, and will be of great interest to anyone concerned with the development of the philosophical views of Lakatos and Feyerabend, or indeed with the development of philosophy of science in general during this crucial period."—Donald Gillies, British Journal for the Philosophy of Science (on the Italian edition) "A stimulating exchange of letters between two philosophical entertainers."—Tariq Ali, The Independent Imre Lakatos (1922-1974) was professor of logic at the London School of Economics. He was the author of Proofs and Refutations and the two-volume Philosophical Papers . Paul Feyerabend (1924-1994) was educated in Europe and held numerous teaching posts throughout his career. Among his books are Against Method ; Science in a Free Society ; Farewell to Reason ; and Killing Time: The Autobiography of Paul Feyerabend , the last published by the University of Chicago Press.
University of Chicago Press 1999 451 pages

Decision Theory and Decision Behaviour

A. Rapoport
The book treats two approaches to decision theory: (1) the normative, purporting to determine how a 'perfectly rational' actor ought to choose among available alternatives; (2) the descriptive, based on observations of how people actually choose in real life and in laboratory experiments. The mathematical tools used in the normative approach range from elementary algebra to matrix and differential equations. Sections on different levels can be studied independently. Special emphasis is made on 'offshoots' of both theories to cognitive psychology, theoretical biology, and philosophy.
Palgrave Macmillan UK 1998-01-28 469 pages

Essays on Marx's Theory of Value

Isaak Illich Rubin
Isaak Illich Rubin (12 June 1886, Dinaburg, now Latvia - 27 November 1937, Aktobe, now Kazakhstan) was a Soviet Marxian economist. His main work Essays on Marx's Theory of Value was published in 1924. He was executed in 1937 during the course of the Great Purge, but his ideas have since been rehabilitated. Rubin's main work emphasised the importance of Marx's theory of commodity fetishism in the labor theory of value. Against those who counterposed Marx's early interest in alienation with his later economic theory, Rubin argued that Marx's mature economic work represented the culmination of his lifetime project to understand how human creative power is shaped, defined, and limited by social structures, which take on a uniquely "objective" economic form under capitalism. Significantly, Rubin is at pains to argue that simple commodity production is not a historical phenomenon that developed into capitalism, as it is often understood by both Marxists and critics of Marx; rather, it is a theoretical abstraction that explains one aspect of a fully developed capitalist economy. The concept of value, as understood by Rubin, cannot exist without the other elements of a full-blown capitalist economy: money, capital, the existence of a proletariat, and so on. Rubin's work was never reissued in the Soviet Union after 1928, but in 1972 Essays on Marx's Theory of Value was translated into English by Fredy Perlman and Milos Samardzija. This work became a foundation stone of the "value-form" approach to Marxist theory, exemplified by Hans-Georg Backhaus, Chris Arthur, Geert Reuten, and the "Konstanz-Sydney" group (Michael Eldred, Mike Roth, Lucia Kleiber, and Volkbert Roth). In this interpretation of Marx, "it is the development of the forms of exchange that is seen as the prime determinant of the capitalist economy rather than the content regulated by it". Capitalism is here understood as a method of regulating human labor by giving it the social form of an exchangeable commodity (the "value-form"), rather than a disguised or mystified system that is otherwise similar in content to other class-based societies. According to Arthur, the rediscovery of Rubin's "masterly exegesis" was "the most important single influence on the value form approach to Capital". (wikipedia.org)
IndoEuropeanPublishing.com 2019-01-15 216 pages

The Study of Man

Michael Polanyi
2014 Reprint of 1959 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. Michael Polanyi (1891-1976) was an eminent theorist across the fields of philosophy, physical chemistry and economics. Elected to the Royal Society and the American Academy of Arts and Sciences, his contributions to research in the social sciences, and his theories on positivism and knowledge, are of critical academic importance. The three lectures included in this comprehensive volume, first published in 1959, argue for Polanyi's principle of 'tacit knowing' as a fundamental component of knowledge. They were intended to accompany Polanyi's earlier work, "Personal Knowledge," and as a tribute to the philosophical and educational work of Lord A. D. Lindsay.
Martino Publishing 2014-06-27 104 pages