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Economic Myths and Magic

Author : Norman C. Miller
Publisher : Edward Elgar Publishing
Page : 153 pages
File Size : 33,72 MB
Release : 2023-01-20
Category : Business & Economics
ISBN : 1803925639

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This insightful and comprehensive book uses theoretical and empirical studies to debunk contemporary illusions about the functionality of economies and examines the phenomena of economic magic and economic black magic. Norman C. Miller considers 11 economic myths, three of which are the theory that excessive imports reduce employment as firms are forced to downsize or shut down, that a more equal distribution of income kills incentives and reduces economic growth rates and the myth that a higher minimum wage always generates a net decrease in employment.

The Entrepreneurial State

Author : Mariana Mazzucato
Publisher : Public Affairs
Page : 288 pages
File Size : 36,72 MB
Release : 2015-10-06
Category : Business & Economics
ISBN : 9781610396134

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Companies like Google and Apple heralded the information revolution, and opened the doors for Silicon Valley to grow into an engine of dazzling technological development, that today champions the free market that engendered it against the supposedly stifling encroachment of government regulation. But is that really the case? In this sharp and controversial expose, The Entrepreneurial State, Mariana Mazzucato debunks the pervasive myth that the state is a laggard, bureaucratic apparatus at odds with a dynamic private sector. Instead she reveals in case study after case study that, in fact, the opposite is true: the state is our boldest and most valuable innovator. The technology revolution would never have happened without support from the US Government. The breakthroughs--GPS, touch-screen displays, the Internet, and voice-activated AI--that enabled legendary Apple products to be smart successes were, in fact, all developed with support from the state. Mazzucato reveals that many successful entrepreneurs like Steve Jobs integrated state-funded technological developments into their products and then reaped the rewards themselves. The algorithm behind Google’s search engine was initially sponsored by NASA. And 75% of NMEs--new, often-ground-breaking drugs not derivative of existing substances--trace their research to National Institutes of Health (NIH) labs. The American government, it turns out, has been enormously successfully at stimulating scientific and technological advancement. But by 2009, just some months following the Great Recession--the US government, constrained by austerity measures, started disinvesting from its holdings in research fields like health, energy, electronics. The trend is likely to continue, and the repercussions of these policies could wreak havoc on our technology and science sectors. But Mazzucato remains optimistic. If managed correctly, state-sponsored development of Green technology, for instance, could be as efficacious as suburbanization & post-war reconstruction in the mid-twentieth century, and unleash a wide-spread golden age in the global economy. The limitations of natural resources and the threat of global warming could become the most powerful driver of growth, employment, and innovation within just one generation--but to be successful, the Green Revolution will depend on the initiatives of proactive governments. By not admitting the State’s role in economic and technological progress, we are socializing only the risks of investing in innovation, while privatizing the rewards in the hands of only a few businesses. This, Mazzucato argues, hurts both future of innovation and equity in modern-day capitalism. For policy-makers, Silicon Valley start-up founders, venture-capitalists, and economists alike, The Entrepreneurial State stirs up much needed debate and offers up a brilliant corrective to spurious beliefs: to thrive, American businesses have always and will need to depend on the support of our country’s most audacious entrepreneur, the state.

The Management Myth: Why the Experts Keep Getting it Wrong

Author : Matthew Stewart
Publisher : W. W. Norton & Company
Page : 352 pages
File Size : 22,16 MB
Release : 2009-08-10
Category : Business & Economics
ISBN : 9780393072747

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"A devastating bombardment of managerial thinking and the profession of management consulting…A serious and valuable polemic." —Wall Street Journal Fresh from Oxford with a degree in philosophy and no particular interest in business, Matthew Stewart might not have seemed a likely candidate to become a consultant. But soon he was telling veteran managers how to run their companies. In narrating his own ill-fated (and often hilarious) odyssey at a top-tier firm, Stewart turns the consultant’s merciless, penetrating eye on the management industry itself. The Management Myth offers an insightful romp through the entire history of thinking about management, a withering critique of pseudoscience in management theory, and a clear explanation of why the MBA usually amounts to so much BS—leading us through the wilderness of American business thought.

Ancient Economy in Mythology

Author : Morris Silver
Publisher : Rowman & Littlefield Publishers
Page : 304 pages
File Size : 47,73 MB
Release : 1991
Category : History
ISBN :

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Ancient mythology and its striking themes have always fascinated scholars and the general populace alike. Mythological interpretations have proven valuable to historians and theologians for centuries, and more recently, structuralist and Freudian interpretations have dominated the field. Ancient Economy In Mythology is the first to explore the economic component in mythology. Original articles by scholars from diverse fields--ancient languages and history, philosophy, anthropology, and economics--uncover and utilize evidence in myths to throw light on ancient economies and reveal the role played by myths in shaping and justifying economic policies in ancient societies. The book's articles fall into four major economic themes: Primary Production and Distribution in Myth; Dynamics and Statics of Socioeconomic Roles in Myth; Resource Extraction and Royal Myths; and International Trade in Myth. These fresh and sometimes controversial papers will be of interest to ancient historians, economic historians, anthropologists, religious and Biblical scholars, Assyriologists, Classicists, Indo-Europeanists, and the general educated public.

Discard Studies

Author : Max Liboiron
Publisher : MIT Press
Page : 225 pages
File Size : 45,40 MB
Release : 2022-05-24
Category : Political Science
ISBN : 0262369516

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An argument that social, political, and economic systems maintain power by discarding certain people, places, and things. Discard studies is an emerging field that looks at waste and wasting broadly construed. Rather than focusing on waste and trash as the primary objects of study, discard studies looks at wider systems of waste and wasting to explore how some materials, practices, regions, and people are valued or devalued, becoming dominant or disposable. In this book, Max Liboiron and Josh Lepawsky argue that social, political, and economic systems maintain power by discarding certain people, places, and things. They show how the theories and methods of discard studies can be applied in a variety of cases, many of which do not involve waste, trash, or pollution. Liboiron and Lepawsky consider the partiality of knowledge and offer a theory of scale, exploring the myth that most waste is municipal solid waste produced by consumers; discuss peripheries, centers, and power, using content moderation as an example of how dominant systems find ways to discard; and use theories of difference to show that universalism, stereotypes, and inclusion all have politics of discard and even purification—as exemplified in “inclusive” efforts to broaden the Black Lives Matter movement. Finally, they develop a theory of change by considering “wasting well,” outlining techniques, methods, and propositions for a justice-oriented discard studies that keeps power in view.

The Myth of Disenchantment

Author : Jason Ananda Josephson Storm
Publisher : University of Chicago Press
Page : 428 pages
File Size : 13,94 MB
Release : 2017-05-16
Category : History
ISBN : 022640336X

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A great many theorists have argued that the defining feature of modernity is that people no longer believe in spirits, myths, or magic. Jason Ā. Josephson-Storm argues that as broad cultural history goes, this narrative is wrong, as attempts to suppress magic have failed more often than they have succeeded. Even the human sciences have been more enchanted than is commonly supposed. But that raises the question: How did a magical, spiritualist, mesmerized Europe ever convince itself that it was disenchanted? Josephson-Storm traces the history of the myth of disenchantment in the births of philosophy, anthropology, sociology, folklore, psychoanalysis, and religious studies. Ironically, the myth of mythless modernity formed at the very time that Britain, France, and Germany were in the midst of occult and spiritualist revivals. Indeed, Josephson-Storm argues, these disciplines’ founding figures were not only aware of, but profoundly enmeshed in, the occult milieu; and it was specifically in response to this burgeoning culture of spirits and magic that they produced notions of a disenchanted world. By providing a novel history of the human sciences and their connection to esotericism, The Myth of Disenchantment dispatches with most widely held accounts of modernity and its break from the premodern past.

Technical Analysis - Myth or Magic?

Author : Christian Koessler
Publisher : diplom.de
Page : 85 pages
File Size : 43,93 MB
Release : 2010-12-23
Category : Business & Economics
ISBN : 3842808275

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Inhaltsangabe:Introduction: The following paper will outline the suitability of Technical Analysis (TA), regarding selective chosen tools for performance increase versus the classic Buy-and-Hold-Strategy (BHS). These two approaches, beside the Fundamental Analysis (FA), are the foundations used by investors concerning their Investment strategy and differ substantially in their nature. Thereby, this dissertation will investigate whether the application of active TA is a productive approach, yielding to favourable results and having the ability to outperform the passive BHS. To achieve substantive results, the comparisons of performances will be stretched to 21 years and are based on the following three indices, which differ significantly concerning their location, volume and importance. Standard & Poor s 500 (S&P 500). German Stock Exchange (DAX). Japanese Nikkei 225 (N225). However, to reinforce the impression of the analysis, semi-annual and annual performances will also be measured. This is an essential element of the comparisons, as due to the nature of TA, the seed capital of 1.000.000 Sterling will not be invested at all times. In this case, the capital will yield the current base rate of interest of the Bank of England minus 0.5 % per annum. The measurements will be assessed by means of three established Indicators and Oscillators. Indicators: Exponential Moving Averages; 200 days and 100 days. Moving Average Convergence Divergence. Bollinger Bands. Oscillators: Relative Strength Index. Slow Stochastic. Momentum. TA can be divided into Chartism and the statistical based TA. Although a clear demarcation between these groups is not given in reality, as most proponents of TA combine both techniques. The vast majority of this dissertation will only reflect the latter. This can also be justified, as Chartists predict future price developments based on trend lines, patterns and formations. Murphy (1999) states that all Chartists are Technical Analysts, but not all Technical Analysts are Chartists. Due to the lack of standardised price characteristics, Chartism implies a high degree of subjectivity. Therefore, the absence of operational ability of this sub-area would not lead to a feasible analysis concerning an increase in performance. We maintain that financial markets are either moving in boom or bust cycles (Bull or Bear Markets). The classic BHS, based on the Investment-Legend Benjamin Graham, has generated high profits in the [...]

Conservative Economic Policymaking and the Birth of Thatcherism, 1964-1979

Author : Adrian Williamson
Publisher : Springer
Page : 407 pages
File Size : 27,2 MB
Release : 2016-01-12
Category : History
ISBN : 1137460261

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In this book, Adrian Williamson investigates the processes by which Thatcherism became established in Tory thinking, and questions to what extent the politician herself is responsible for Thatcherism within the Conservative Party.

The Deficit Myth

Author : Stephanie Kelton
Publisher : PublicAffairs
Page : 311 pages
File Size : 38,34 MB
Release : 2020-06-09
Category : Business & Economics
ISBN : 1541736206

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A New York Times Bestseller The leading thinker and most visible public advocate of modern monetary theory -- the freshest and most important idea about economics in decades -- delivers a radically different, bold, new understanding for how to build a just and prosperous society. Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country. Kelton busts through the myths that prevent us from taking action: that the federal government should budget like a household, that deficits will harm the next generation, crowd out private investment, and undermine long-term growth, and that entitlements are propelling us toward a grave fiscal crisis. MMT, as Kelton shows, shifts the terrain from narrow budgetary questions to one of broader economic and social benefits. With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT redefines how to responsibly use our resources so that we can maximize our potential as a society. MMT gives us the power to imagine a new politics and a new economy and move from a narrative of scarcity to one of opportunity.