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Speculate This!
Speculate This! is a concise, provocative manifesto advocating practices of "affirmative speculation" over and against contemporary forms of speculation that quantify and contain risk to generate financial profit for a privileged few. This latter mode of speculation is predatory and familiar, its fallout evident in ongoing environmental degradation, in restrictive legal claims on natural resources in distant lands, and in the foreclosures, evictions, and unemployment resulting from the financial collapse of 2007–08. While such exploitive speculation seeks to reduce uncertainty and pin down the future, the affirmative practices championed by the authors of Speculate This! engage uncertainty...
The Commons in an Age of Uncertainty
In the last two hundred years, the earth has increasingly become the private property of a few classes, races, transnational corporations, and nations. Repeated claims about the "tragedy of the commons" and the "crisis of capitalism" have done little to explain this concentration of land, encourage solution-building to solve resource depletion, or address our current socio-ecological crisis. The Commons in an Age of Uncertainty presents a new explanation, vision, and action plan based on the idea of commoning the land. The book argues that by commoning the land, rather than privatising it, we can develop the foundation for prosperity without destructive growth and address both local and global challenges. Making the land the most fundamental priority of all commons does not only give hope, it also opens the doors to a new world in which economy, environment, and society are decolonised and liberated.
Risk, Uncertainty and Profit
A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.
Uncertainty, Diversity and The Common Good
Because of a management model emphasizing standardization and a one-size-fits-all approach, the previous good health of firms depended on economic performance and maximizing shareholder value. The enduring financial crisis and the ensuing leadership void have forced us all to reconsider the rules of the game and to take into account economic and social factors, in order to address the needs of an unpredictable world. In Uncertainty, Diversity and The Common Good, contributors from leading academic institutions around the World discuss different models of socially responsible global leadership. Their perspectives embrace philosophy; sociology; psychology; ecological and environmental economic...
Speculative Communities
"In Speculative Communities, Komporozos-Athanasiou examines the ways that financial speculation has moved beyond markets to shape fundamental aspects of our social and political lives. As ordinary people make exceptional decisions--such as the American election of a populist demagogue or the British vote to leave the European Union--they are moving from time-honored and -tested practices of governance, toward the speculative promise of a different kind of future. Even our methods of building community have shifted to the speculative realm as social media platforms enable and amplify alternative visions of the present and future-these are the "speculative communities" that now shape our perso...
Handbook of the Economics of Risk and Uncertainty
The need to understand the theories and applications of economic and finance risk has been clear to everyone since the financial crisis, and this collection of original essays proffers broad, high-level explanations of risk and uncertainty. The economics of risk and uncertainty is unlike most branches of economics in spanning from the individual decision-maker to the market (and indeed, social decisions), and ranging from purely theoretical analysis through individual experimentation, empirical analysis, and applied and policy decisions. It also has close and sometimes conflicting relationships with theoretical and applied statistics, and psychology. The aim of this volume is to provide an overview of diverse aspects of this field, ranging from classical and foundational work through current developments. - Presents coherent summaries of risk and uncertainty that inform major areas in economics and finance - Divides coverage between theoretical, empirical, and experimental findings - Makes the economics of risk and uncertainty accessible to scholars in fields outside economics
Artificial Intelligence with Uncertainty
The information deluge currently assaulting us in the 21st century is having a profound impact on our lifestyles and how we work. We must constantly separate trustworthy and required information from the massive amount of data we encounter each day. Through mathematical theories, models, and experimental computations, Artificial Intelligence with U
Doubt-Free Uncertainty In Measurement
This volume presents measurement uncertainty and uncertainty budgets in a form accessible to practicing engineers and engineering students from across a wide range of disciplines. The book gives a detailed explanation of the methods presented by NIST in the “GUM” – Guide to Uncertainty of Measurement. Emphasis is placed on explaining the background and meaning of the topics, while keeping the level of mathematics at the minimum level necessary. Dr. Colin Ratcliffe, USNA, and Bridget Ratcliffe, Johns Hopkins, develop uncertainty budgets and explain their use. In some examples, the budget may show a process is already adequate and where costs can be saved. In other examples, the budget m...
Omnia Sunt Communia
In this weaving of radical political economy, Omnia Sunt Communia sets out the steps to postcapitalism. By conceptualising the commons not just as common goods but as a set of social systems, Massimo De Angelis shows their pervasive presence in everyday life, mapping out a strategy for total social transformation. From the micro to the macro, De Angelis unveils the commons as fields of power relations – shared space, objects, subjects – that explode the limits of daily life under capitalism. He exposes attempts to co-opt the commons, through the use of code words such as 'participation' and 'governance', and reveals the potential for radical transformation rooted in the reproduction of our communities, of life, of work and of society as a whole.
Uncertain Science ... Uncertain World
Is the world warming due to the Greenhouse Effect? Can nuclear weapon arsenals be relied upon without periodic testing? Is the world running out of oil? What action should be taken against an outbreak of foot-and-mouth or BSE? Why can't scientists provide certain answers to these and many other questions? The uncertainty of science is puzzling. It arises when scientists have more than one answer to a problem or disagree amongst themselves. In this engaging book, Henry Pollack guides the reader through the maze of contradiction and uncertainty, acquainting them with the ways that uncertainty arises in science, how scientists accommodate and make use of uncertainty, and how in the face of uncertainty they reach their conclusions. Taking examples from recent science headlines and every day life, Uncertain Science ... Uncertain World enables the reader to evaluate uncertainty from their own perspectives, and find out more about how science actually works.
