An Engine Not A Camera

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An Engine Not A Camera
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Author : Donald MacKenzie
language : en
Publisher: MIT Press
Release Date : 2008-08-29
An Engine Not A Camera written by Donald MacKenzie and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-08-29 with Technology & Engineering categories.
In An Engine, Not a Camera, Donald MacKenzie argues that the emergence of modern economic theories of finance affected financial markets in fundamental ways. These new, Nobel Prize-winning theories, based on elegant mathematical models of markets, were not simply external analyses but intrinsic parts of economic processes. Paraphrasing Milton Friedman, MacKenzie says that economic models are an engine of inquiry rather than a camera to reproduce empirical facts. More than that, the emergence of an authoritative theory of financial markets altered those markets fundamentally. For example, in 1970, there was almost no trading in financial derivatives such as "futures." By June of 2004, derivatives contracts totaling $273 trillion were outstanding worldwide. MacKenzie suggests that this growth could never have happened without the development of theories that gave derivatives legitimacy and explained their complexities. MacKenzie examines the role played by finance theory in the two most serious crises to hit the world's financial markets in recent years: the stock market crash of 1987 and the market turmoil that engulfed the hedge fund Long-Term Capital Management in 1998. He also looks at finance theory that is somewhat beyond the mainstream—chaos theorist Benoit Mandelbrot's model of "wild" randomness. MacKenzie's pioneering work in the social studies of finance will interest anyone who wants to understand how America's financial markets have grown into their current form.
An Engine Not A Camera
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Author : Donald A. MacKenzie
language : en
Publisher:
Release Date : 2006
An Engine Not A Camera written by Donald A. MacKenzie and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
The World Of Risk Management
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Author : H. Gifford Fong
language : en
Publisher: World Scientific
Release Date : 2006
The World Of Risk Management written by H. Gifford Fong and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Business & Economics categories.
Risk management is a foundation discipline for the prudent conduct of investment management. Being effective requires ongoing evolution and adaptation. In The World of Risk Management, an expert team of contributors addresses the important issues arising in the practice of risk management. A common thread among these distinguished articles is a rigorous theoretical or conceptual basis as well as their practical significance. The topics include not only broad policy considerations but also detailed how-to prescriptions.
Self Fulfilling Science
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Author : Charles Lowe
language : en
Publisher: Walter de Gruyter GmbH & Co KG
Release Date : 2021-08-23
Self Fulfilling Science written by Charles Lowe and has been published by Walter de Gruyter GmbH & Co KG this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-08-23 with Philosophy categories.
Claims that science may becoming 'self-fulfilling' through its impact on objects of study have recently risen to prominence. Despite radical statements about the supposed consequences of such accounts, however, the central notion of scientific self-fulfillment has remained obscure, leading to skewed views of its actual prevalence and significance. Self-Fulfilling Science illuminates this underexplored phenomenon, drawing on insights from philosophy of science to address questions of its conceptualization, prevalence, and significance. The book critically engages with the popular notion that economic theories of homo economicus exhibit self-fulfillment, and explores its relevance to various metaphysical, ethical, and epistemic issues. Extreme claims of fundamental incompatibility with our usual notions of scientific success are ill-founded. Instead, self-fulfillment’s true epistemic significance lies in more local, nuanced philosophical issues such as theory evaluation and the thesis of underdetermination. In presenting a novel framework, this book facilitates deeper engagement with the developing field of self-fulfilling science, and is of interest to philosophers of science, social scientists, and social constructionists.
The Financial Crisis In Perspective Collection
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Author : Mark Zandi
language : en
Publisher: FT Press
Release Date : 2012-05
The Financial Crisis In Perspective Collection written by Mark Zandi and has been published by FT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-05 with Business & Economics categories.
How the financial crisis really happened, and what it really meant: 3 books packed with lessons for investors and policymakers! These three books offer unsurpassed insight into the causes and implications of the global financial crisis: information every investor and policy-maker needs to prepare for an extraordinarily uncertain future. In Financial Shock, Updated Edition, renowned economist Mark Zandi provides the most concise, lucid account of the economic, political, and regulatory causes of the collapse, plus new insights into the continuing impact of the Obama administration's policies. Zandi doesn't just illuminate the roles of mortgage lenders, investment bankers, speculators, regulators, and the Fed: he offers sensible recommendations for preventing the next collapse. In Extreme Money, best-selling author and global finance expert Satyajit Das reveals the spectacular, dangerous money games that are generating increasingly massive bubbles of fake growth, prosperity, and wealth, while endangering the jobs, possessions, and futures of everyone outside finance. Das explains how everything from home mortgages to climate change have become fully financialized... how "voodoo banking" keeps generating massive phony profits even now... and how a new generation of "Masters of the Universe" has come to own the world. Finally, in The Fearful Rise of Markets, top Financial Times global finance journalist John Authers reveals how the first truly global super bubble was inflated, and may now be inflating again. He illuminates the multiple roots of repeated financial crises, presenting a truly global view that avoids both oversimplification and ideology. Most valuable of all, Authers offers realistic solutions: for decision-makers who want to prevent disaster, and investors who want to survive it. From world-renowned leaders and experts, including Dr. Mark Zandi, Satyajit Das, and John Authers
Targeted
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Author : Kelly Gates
language : en
Publisher: NYU Press
Release Date : 2025-08-19
Targeted written by Kelly Gates and has been published by NYU Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-08-19 with Social Science categories.
How video transformed policing and security Video cameras are everywhere: attached to buildings, drones, and dashboards; embedded in smartphones, laptops, and doorbells; worn on police uniforms and sunglasses. In Targeted, Kelly Gates argues that the resulting avalanche of video has transformed the landscape of policing and security in the twenty-first century. Video production, analysis, and archival management are now central to the ways police power is exercised, criminal law enforced, and spaces of human habitation securitized. Gates examines the primacy of video in four key areas of policing and security: the field of digital multimedia forensics, private video surveillance infrastructure development, police body-worn camera systems, and video analytics for automated surveillance (Video AI). Case studies of two companies illustrate the role of corporations in these far-reaching media-technological changes. Target Corporation has integrated its retail security operations with law enforcement, expanding its surveillance beyond its stores and parking lots and into the criminal legal system. Axon Enterprise is leveraging the growing volume of police body-cam video to build a large-scale proprietary platform for policing. Targeted reveals the role of video infrastructure development in the increasingly entangled relationship between the modern police and the modern corporation, in the long wake and ruins of neoliberalism.
Ethics In Quantitative Finance
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Author : Timothy Johnson
language : en
Publisher: Springer
Release Date : 2017-10-28
Ethics In Quantitative Finance written by Timothy Johnson and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-28 with Business & Economics categories.
This book presents an ethical theory for financial transactions that underpins the stability of modern economies. It combines elements from history, ethics, economics and mathematics to show how these combined can be used to develop a pragmatic theory of financial markets. Written in three sections; section one examines the co-evolution of finance and mathematics in an ethical context by focusing on three periods: pre-Socratic Greece, Western Europe in the thirteenth century and North-western Europe in the seventeenth century to demonstrate how the historical development of markets and finance were critical in the development of European ideas of science and democracy. Section two interprets the evidence presented in section one to provide examples of the norms reciprocity, sincerity and charity and introduce the pragmatic theory. Section three uses the pragmatic theory to interpret recent financial crises, address emergent phenomena and relate the theory to alternative contemporary theories of markets. Presenting a unique synthesis of mathematical and behavioural approaches to finance this book provides explicit ethical guidance that will be of interest to academics and practitioners alike.
The World Computer
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Author : Jonathan Beller
language : en
Publisher: Duke University Press
Release Date : 2021-01-22
The World Computer written by Jonathan Beller and has been published by Duke University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-01-22 with Philosophy categories.
In The World Computer Jonathan Beller forcefully demonstrates that the history of commodification generates information itself. Out of the omnipresent calculus imposed by commodification, information emerges historically as a new money form. Investigating its subsequent financialization of daily life and colonization of semiotics, Beller situates the development of myriad systems for quantifying the value of people, objects, and affects as endemic to racial capitalism and computation. Built on oppression and genocide, capital and its technical result as computation manifest as racial formations, as do the machines and software of social mediation that feed racial capitalism and run on social difference. Algorithms, derived from for-profit management strategies, conscript all forms of expression—language, image, music, communication—into the calculus of capital such that even protest may turn a profit. Computational media function for the purpose of extraction rather than ameliorating global crises, and financialize every expressive act, converting each utterance into a wager. Repairing this ecology of exploitation, Beller contends, requires decolonizing information and money, and the scripting of futures wagered by the cultural legacies and claims of those in struggle.
Do Economists Make Markets
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Author : Donald A. MacKenzie
language : en
Publisher: Princeton University Press
Release Date : 2007
Do Economists Make Markets written by Donald A. MacKenzie and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
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Collecting The Now
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Author : Michael Maizels
language : en
Publisher: University of Michigan Press
Release Date : 2022-08-09
Collecting The Now written by Michael Maizels and has been published by University of Michigan Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-08-09 with Art categories.
Collecting the Now offers a new, in-depth look at the economic forces and institutional actors that have shaped the outlines of postwar art history, with a particular focus on American art, 1960–1990. Working through four case studies, Michael Maizels illuminates how a set of dealers and patrons conditioned the iconic developments of this period: the profusions of pop art, the quixotic impossibility of land art, the dissemination of new media, and the speculation-fueled neo-expressionist painting of the 1980s. This book addresses a question of pivotal importance to a swath of art history that has already received substantial scholarly investigation. We now have a clear, nuanced understanding of why certain evolutions took place: why pop artists exploded the delimited parameters of aesthetic modernism, why land artists further strove against the object form itself, and why artists returned to (neo-)traditional painting in the 1980s. But remarkably elided by extant scholarship has been the question of how. How did conditions coalesce around pop so that its artists entered into museum collections, and scholarly analyses, at pace unprecedented in the prior history of art? How, when seeking to transcend the delimited gallery object, were land artists able to create monumental (and by extension, monumentally expensive), interventions in the extreme wilds of the Western deserts? And how did the esoteric objects of media art come eventually to scholarly attention in the sustained absence of academic interest or a private market? The answers to these questions lie in an exploration of the financial conditions and funding mechanisms through which these works were created, advertised, distributed, and preserved.