A wise and humorous memoir about a young economist trying to apply the rules of the market to his own floundering love life. A wise and humorous memoir about a young economist trying to apply the rules of the market to his own floundering dating life. “I know that this sounds like a bit of a cliché, but really, it’s not you…” The woman who said this to William Nicolson was funny, talented and unbearably beautiful. His mother said he ought to marry that girl. And he lost her in a personal best time of six weeks. It was when he found himself being dumped like this yet again that he decided something had to be done. William is an economist, which means he’s good at reducing an infinitely complex world into a set of clear, rational principles about the way people and markets behave. Unfortunately, he has never been able to replicate this in the world of romance. Girls confuse him; they’re the very definition of infinite complexity. In this book, he sets out to apply the rules of economics to his shaky love life. For a time, everything seems to be clearer. Want to play hard to get? Reduce your supply. Want a girlfriend? Find an undervalued asset. Why are all the good ones taken? That’ll be the Efficient Market Hypothesis. But things don’t work out quite as he’d hoped, and he’s more isolated than ever. Can he find the perfect economic theory to rescue him from a future of lonely nights, or is the dating game too intricate to be won by logical, rational thinking?
Since economies are dynamic processes driven by creativity, social norms, and emotions as well as rational calculation, why do economists largely study them using static equilibrium models and narrow rationalistic assumptions? This book argues that economists should look for new techniques in Romantic poetry and philosophy.
Release on 2013-05-13 | by Christopher John Murray
Author: Christopher John Murray
In 850 analytical articles, this two-volume set explores the developments that influenced the profound changes in thought and sensibility during the second half of the eighteenth century and the first half of the nineteenth century. The Encyclopedia provides readers with a clear, detailed, and accurate reference source on the literature, thought, music, and art of the period, demonstrating the rich interplay of international influences and cross-currents at work; and to explore the many issues raised by the very concepts of Romantic and Romanticism.
Notes from the Old Blair and Bush explores the world of organic farming, the need for an organic economy and the effects that this is having on the world we live in. With fear over climate change and the use of fossil fuels becoming ever more prevalent, the organic farming industry is becoming more and important in our society. As the industry grows, has the ideal behind organic farming been lost? What problems have been caused by the urgent demand for an organic economy? Written with first hand experience of the industry, Notes from the Old Blair and Bush looks at all these vital issues and much more.
Economics is changing. In the last few years it has generated a number of new approaches. One of the most promising - complexity economics - was pioneered in the 1980s and 1990s by a small team at the Santa Fe Institute. Economist and complexity theorist W. Brian Arthur led that team, and in this book he collects many of his articles on this new approach. The traditional framework sees behavior in the economy as in an equilibrium steady state. People in the economy face well-defined problems and use perfect deductive reasoning to base their actions on. The complexity framework, by contrast, sees the economy as always in process, always changing. People try to make sense of the situations they face using whatever reasoning they have at hand, and together create outcomes they must individually react to anew. The resulting economy is not a well-ordered machine, but a complex evolving system that is imperfect, perpetually constructing itself anew, and brimming with vitality. The new vision complements and widens the standard one, and it helps answer many questions: Why does the stock market show moods and a psychology? Why do high-tech markets tend to lock in to the dominance of one or two very large players? How do economies form, and how do they continually alter in structure over time? The papers collected here were among the first to use evolutionary computation, agent-based modeling, and cognitive psychology. They cover topics as disparate as how markets form out of beliefs; how technology evolves over the long span of time; why systems and bureaucracies get more complicated as they evolve; and how financial crises can be foreseen and prevented in the future.
Systems, State Finance, and the Shadows of Futurity
Author: Robert Mitchell
Category: Literary Criticism
Sympathy and the State in the Romantic Era explores a fascinating connection between two seemingly unrelated Romantic-era discourses, outlining the extent to which eighteenth and early nineteenth century theories of sympathy were generated by crises of state finance. Through readings of authors such as David Hume, Adam Smith, William Wordsworth, and P.B. Shelley, this volume establishes the ways in which crises of state finance encouraged the development of theories of sympathy capable of accounting for both the fact of "social systems" as well as the modes of emotional communication by means of which such systems bound citizens to one another. Employing a methodology that draws on the systems theory of Niklas Luhmann, Michel Serres, and Giovanni Arrighi, as well as Gilles Deleuze’s theories of time and affect, this book argues that eighteenth and early nineteenth century philosophies of sympathy emerged as responses to financial crises. Individual chapters focus on specific texts by David Hume, Adam Smith, Jean-Jacques Rousseau, Ann Yearsley, William Wordsworth, and P.B. Shelley, but Mitchell also draws on periodicals, pamphlets, and parliamentary hearings to make the argument that Romantic era theories of sympathy developed new discourses about social systems intended both to explain, as well as contain, the often disruptive effects of state finance and speculation.
Release on 2006 | by Ramachandra Guha,Rukun Advani
Environmentalism in India and the United States
Author: Ramachandra Guha,Rukun Advani
Pubpsher: Univ of California Press
Based on research conducted over two decades, this accessible and deeply felt book provides a provocative comparative history of environmentalism in two large ecologically and culturally diverse democracies--India and the United States. Ramachandra Guha takes as his point of departure the dominant environmental philosophies in these two countries--identified as "agrarianism" in India and "wilderness thinking" in the U.S. Proposing an inclusive "social ecology" framework that goes beyond these partisan ideologies, Guha arrives at a richer understanding of controversies over large dams, state forests, wildlife reserves, and more. He offers trenchant critiques of privileged and isolationist proponents of conservation, persuasively arguing for biospheres that care as much for humans as for other species. He also provides profiles of three remarkable environmental thinkers and activists--Lewis Mumford, Chandi Prasad Bhatt, and Madhav Gadgil. Finally, the author asks the fundamental environmental question--how much should a person or country consume?--and explores a range of answers. Copub: Permanent Black
Metaphor and dialectic are modes of thinking that influence the ways in which we identify what we have in common with others, how we differ and how we manage this diversity to achieve organizational goals. This book explores how we can become more aware of these unconscious processes and challenge stereotypes.
For the economics profession, issues of marketing and ideology have often been reduced to the status of 'the love that dare not speak its name'. This volume brings these issues out of the closet and examines what effect, if any, these factors have in shaping the contours of the discipline. The way in which economists face policy issues is in part driven, even if only subconsciously, by unacknowledged ideological concerns and the increasing need to sell one's theories, views and policies in a frustratingly competitive academic market. In seven carefully and provocatively granulated chapters, the volume raises possible implications of these marketing and ideological imperatives by approaching the problem from a number of surprising and irreverent directions. Though unfortunately, in its irrevocable denouement the text proves incapable of creating anything resembling a life changing experience let alone coming to any definite and irrefutable conclusions. Like life itself, economics is full of uncertainties and uncontrollable difficulties.