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The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.
This handbook in two parts covers key topics of the theory of financial decision making. Some of the papers discuss real applications or case studies as well. There are a number of new papers that have never been published before especially in Part II.Part I is concerned with Decision Making Under Uncertainty. This includes subsections on Arbitrage, Utility Theory, Risk Aversion and Static Portfolio Theory, and Stochastic Dominance. Part II is concerned with Dynamic Modeling that is the transition for static decision making to multiperiod decision making. The analysis starts with Risk Measures and then discusses Dynamic Portfolio Theory, Tactical Asset Allocation and Asset-Liability Management Using Utility and Goal Based Consumption-Investment Decision Models.A comprehensive set of problems both computational and review and mind expanding with many unsolved problems are in an accompanying problems book. The handbook plus the book of problems form a very strong set of materials for PhD and Masters courses both as the main or as supplementary text in finance theory, financial decision making and portfolio theory. For researchers, it is a valuable resource being an up to date treatment of topics in the classic books on these topics by Johnathan Ingersoll in 1988, and William Ziemba and Raymond Vickson in 1975 (updated 2 nd edition published in 2006).
This first book-length examination of the American reception of Georg Simmel, German philosopher and sociologist, offers a compelling new account of the transatlantic journey of Simmel's ideas. Jaworski draws on archival data, correspondence, interviews, and detailed textual analysis to explore the practical and strategic uses of Simmel's writings by a range of American social thinkers. These thinkers include the Chicago School figures Albion Small, Robert E. Park, and Everett C. Hughes; functionalist sociologists Talcott Parsons, Robert K. Merton, Lewis A. Coser, and Kaspar D. Naegele, and, more recently, Erring Goffman and postmodernists Deena and Michael Weinstein. Jaworski shows that the way in which Americans received Simmel was intricately related to efforts to transform American society. A recently discovered essay on Simmel by the emigre sociologist Albert Salomon, "Georg Simmel Reconsidered", and included here with an introduction and notes by Jaworski, provides added dimension to this important study. "The author has advanced the analysis of the Simmel reception in two important respects. Instead of simply dredging texts by American sociologists for evidence of Simmel's ideas, he studies the production of texts by examining earlier drafts, correspondence, unpublished research notes, and when possible and relevant, personal recollections. In addition, Jaworski analyzes the Simmel reception carefully and nonspeculatively by tying the production of texts to the social and cultural context in which it occurred. As a result, he has placed the investigation of the Simmel reception on a new analytical and historiographic plane. By introducing more rigorous of investigation intoSimmel scholarship, Jaworski not only has been able to make discoveries and develop lines of inquiry that have missed, but also has raised the methodological level of analysis". -- Guy Oakes, Jack T. Kvernland Professor, Monmouth University
The 1996 Meeting of the Rhetoric Society of America commemorated the 25th anniversary of the publication of Lloyd Bitzer and Edwin Black's The Prospect of Rhetoric. In so doing, the conference gave scholars and teachers in various disciplines from all over the country the opportunity to talk about new prospects for rhetoric. The conferees were asked to present their vision of rhetoric studies or to demonstrate what rhetoric studies could be by example. Their essays, presented in this volume, illustrate a discipline at odds over the future and demonstrate the continued influence and vitality of other papers, on the same subject, published some 25 years ago.
Based on extensive primary-source research, this historical account considers the changing identity of 18th-century Colchester from the perspective of its "middling sort"--a section of society often attached to cultures of politeness and to the practices of consumption and production that helped shape economic change. Painstakingly reconstructing 18th-century social networks along lines of family, kinship, gender, spatiality, religion, and politics, this study examines the relationships between individual and family biographies while reflecting on provincial urban society and culture. The guide explores how Colchester capitalized on growth in agriculturally based industries--such as brewing, milling, and malting--and its role as an east-coast port and its participating in the urban renaissance and commodification of polite culture.