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Does modern economic theory violate the basic laws of nature and physics? That is the question that award-winning environmental and energy writer Nathanial Gronewold sets out to answer in Anthill Economics. Drawing from the nascent field of biophysical economics, Anthill Economics puts forth a radical new way of thinking: as 21st-century citizens, the global economy truly is our human ecosystem. It is where raw materials are sourced, goods are supplied, energy is converted, and capital is exchanged. Shouldn't it stand to reason that the same principles that affect animal ecosystems (like population density, habitation patterns, and energy return on investment) similarly apply to our –albeit more complex –human ecosystem, too? With an innovative and cross-disciplinary approach, Gronewold draws comparisons from both the animal kingdom and the atomic world. The rollercoaster-like rise and fall of the caribou population on a remote island can teach us about resource allocation. The behavior of squirrels gathering nuts is a lesson in energy return on investment. Could the high unemployment rates of anthill colonies shed light on problems with the human job market? And, will global warming change these patterns for humans and insects alike? Furthermore, if certain laws of physics can be used to explain the distribution of energy in a complex physical system, could these same laws also explain the distribution of money in a complex economic system as well? This clearly written book full of illuminating ecological analogies provides a more complete understanding of human commerce shaped by the rules of nature and laws of physics.
Ranging widely, essayists here examine the 1900 storm that ravaged Galveston, Texas, the Great Chicago Fire of 1871, the Titanic sinking, the Northridge earthquake, the crash of Air Florida Flight 90, the 1977 Chicago El train crash, and many other devastating events. These catastrophes elicited vastly different responses, and thus raise a number of important questions. How, for example did African Americans, feminists, and labor activists respond to the Titanic disaster? Why did the El train crash take on such symbolic meaning for the citizens of Chicago? In what ways did the San Francisco earthquake reaffirm rather than challenge a predominant faith in progress?
Guidebook to Japan: What the Other Guidebooks Won't Tell You offers a candid glimpse into Japanese society rarely found in books or media. Based on over a decade of experience living in Japan, Chavez guides you through the complex culture through essays, cultural tips (called "Sword Tips"), and useful Japanese phrases (called "Sparring Japanese"), to make learning about Japan as fun as possible. Over one hundred essays from The Japan Times, matched with two hundred links to Japan-related websites (from the educational to the bizarre), this book is a vast resource of information. Chavez tells you how to get to a naked festival, how to avoid the Japanese mafia, and how to order "Spaghetti-hold the seaweed." Learn the secrets of Japan in an entire chapter called "What the Japanese don't want you to know." You'll also find a special section on teaching in Japan: what jobs are available, how to get them, and how much money you'll make. In short, all the things you need to know, told by someone who has done it herself.
This book shows how such a computational process functions, how great is its power and versatility, since it is possible to show how discoveries are made. In 1759, A. Smith realized that there must exist an additional powerful control mechanism behind Great Britain’s authority and government, explaining the extraordinary successes of Great Britain. He called this the Invisible Hand. Despite having used this term only 3 times, the idea evokes extreme scientific and political emotions to this day. If we apply a molecular model of computation, such as in in Adleman’s DNA computer, a computational model for the Invisible Hand can be built to show how it affects a society. It is a spontaneous, unconscious, distributed, noncontinuous computational process on the platform of minds of, e.g., people or ants. Knowing this mechanism, a future self-steering and self-optimization system for AI robot teams can be proposed, e.g., for construction sites and rescue operations.
Turn on the news and it looks as if we live in a time and place unusually consumed by the specter of disaster. The events of 9/11 and the promise of future attacks, Hurricane Katrina and the destruction of New Orleans, and the inevitable consequences of environmental devastation all contribute to an atmosphere of imminent doom. But reading an account of the San Francisco earthquake of 1906, with its vivid evocation of buildings “crumbling as one might crush a biscuit,” we see that calamities—whether natural or man-made—have long had an impact on the American consciousness. Uncovering the history of Americans’ responses to disaster from their colonial past up to the present, Kevin Rozario reveals the vital role that calamity—and our abiding fascination with it—has played in the development of this nation. Beginning with the Puritan view of disaster as God’s instrument of correction, Rozario explores how catastrophic events frequently inspired positive reactions. He argues that they have shaped American life by providing an opportunity to take stock of our values and social institutions. Destruction leads naturally to rebuilding, and here we learn that disasters have been a boon to capitalism, and, paradoxically, indispensable to the construction of dominant American ideas of progress. As Rozario turns to the present, he finds that the impulse to respond creatively to disasters is mitigated by a mania for security. Terror alerts and duct tape represent the cynical politician’s attitude about 9/11, but Rozario focuses on how the attacks registered in the popular imagination—how responses to genuine calamity were mediated by the hyperreal thrills of movies; how apocalyptic literature, like the best-selling Left Behind series, recycles Puritan religious outlooks while adopting Hollywood’s style; and how the convergence of these two ways of imagining disaster points to a new postmodern culture of calamity. The Culture of Calamity will stand as the definitive diagnosis of the peculiarly American addiction to the spectacle of destruction.
The economic crisis is also a crisis for economic theory. Most analyses of the evolution of the crisis invoke three themes, contagion, networks and trust, yet none of these play a major role in standard macroeconomic models. What is needed is a theory in which these aspects are central. The direct interaction between individuals, firms and banks does not simply produce imperfections in the functioning of the economy but is the very basis of the functioning of a modern economy. This book suggests a way of analysing the economy which takes this point of view. The economy should be considered as a complex adaptive system in which the agents constantly react to, influence and are influenced by, the other individuals in the economy. In such systems which are familiar from statistical physics and biology for example, the behaviour of the aggregate cannot be deduced from the behaviour of the average, or "representative" individual. Just as the organised activity of an ants’ nest cannot be understood from the behaviour of a "representative ant" so macroeconomic phenomena should not be assimilated to those associated with the "representative agent". This book provides examples where this can clearly be seen. The examples range from Schelling’s model of segregation, to contributions to public goods, the evolution of buyer seller relations in fish markets, to financial models based on the foraging behaviour of ants. The message of the book is that coordination rather than efficiency is the central problem in economics. How do the myriads of individual choices and decisions come to be coordinated? How does the economy or a market, "self organise" and how does this sometimes result in major upheavals, or to use the phrase from physics, "phase transitions"? The sort of system described in this book is not in equilibrium in the standard sense, it is constantly changing and moving from state to state and its very structure is always being modified. The economy is not a ship sailing on a well-defined trajectory which occasionally gets knocked off course. It is more like the slime described in the book "emergence", constantly reorganising itself so as to slide collectively in directions which are neither understood nor necessarily desired by its components.
Due to the dramatic shifts in the knowledge economy, this book provides a significant departure from traditional strategic management concepts and practice. Designed for both advanced students and business managers, it presents a unique combination of new strategic management theory, carefully selected strategic management articles by prominent scholars such as Gary Hamel, Michael Porter, Peter Senge, and real-world case studies. On top of this, the authors link powerful new benchmarks in strategic management thinking, including the concepts of Socio-Cultural Network Dynamics, Systemic Scorecards, and Customer Knowledge Management with practical business challenges and solutions of blue-chip companies with a superior performance (Lafite-Rothschild, Who's Who, Holcim, BRL Hardy, Kuoni BTI, Deutsche Bank, Unisys, Novartis).
Macroeconomics is evolving in an almost dialectic fashion. The latest evolution is the development of a new synthesis that combines insights of new classical, new Keynesian and real business cycle traditions into a dynamic, stochastic general equilibrium (DSGE) model that serves as a foundation for thinking about macro policy. That new synthesis has opened up the door to a new antithesis, which is being driven by advances in computing power and analytic techniques. This new synthesis is coalescing around developments in complexity theory, automated general to specific econometric modeling, agent-based models, and non-linear and statistical dynamical models. This book thus provides the reader with an introduction to what might be called a Post Walrasian research program that is developing as the antithesis of the Walrasian DSGE synthesis.
Stone Age Economics is a classic study of anthropological economics, first published in 1974. Ambitiously tackling the nature of economic life and how to study it comparatively, the book includes six studies which reflect the author's ideas on revising traditional views of the hunter-gatherer and so-called primitive societies, revealing them to be the original affluent society. The book examines notions of production, distribution and exchange in early communities and examines the link between economics and cultural and social factors. It consists of a set of detailed and closely related studies of tribal economies, of domestic production for livelihood, and of the submission of domestic production to the material and political demands of society at large.
Ambitiously tackling the nature of economic life and how to study it comparatively, Stone Age Economics includes six studies that reflect the author's ideas on revising traditional views of hunter-gatherer and so-called primitive societies, revealing them to be the original affluent society. When it was originally published in 1974, E. Evans-Pritchard of the Times Literary Supplement noted that this classic study of anthropological economics "is rich in factual evidence and in ideas, so rich that a brief review cannot do it justice; only another book could do that."