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Inertia
Financial professionals are paid as if they were capable of “beating the market” on a regular basis. In fact, active fund managers routinely underperform low-cost index funds, and financial analysts frequently produce inaccurate stock recommendations—and many receive large fees even when their clients are losing money. Why do financial intermediaries still persist in the investing world despite this track record? Economic theory, obsessed with notions of market efficiency, has no good answer. This book demonstrates how long-standing social relationships within the investing world contribute to a state of inertia, which prevents substantive change to the status quo. In financial markets...
Combating Fiscal Fraud and Empowering Regulators
This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Combating Fiscal Fraud and Empowering Regulators analyzes the impact of new international tax regulations on the scope and scale of tax evasion, tax avoidance, and money laundering. These are analyzed through an ecosystem framework in which, similar to a natural ecosystem, new tax regulations appear as heavy shocks to the tax ecosystem, to which the 'species' such as countries, corporations, and tax experts will react by looking for new loopholes and niches of survival...
The Sense of Dissonance
What counts? In work, as in other areas of life, it is not always clear what standards we are being judged by or how our worth is being determined. This can be disorienting and disconcerting. Because of this, many organizations devote considerable resources to limiting and clarifying the logics used for evaluating worth. But as David Stark argues, firms would often be better off, especially in managing change, if they allowed multiple logics of worth and did not necessarily discourage uncertainty. In fact, in many cases multiple orders of worth are unavoidable, so organizations and firms should learn to harness the benefits of such "heterarchy" rather than seeking to purge it. Stark makes th...
Energy Transitions
This book elucidates what it means to transition to alternative sources of energy and discusses the potential for this energy transition to be a more democratic process. The book dynamically describes a recent sociotechnical study of a number of energy transitions occurring in several countries - France, Germany and Tunisia, and involving different energy technologies - including solar, on/off-shore wind, smart grids, biomass, low-energy buildings, and carbon capture and storage. Drawing on a pragmatist tradition of social inquiry, the authors examine the consequences of energy transition processes for the actors and entities that are affected by them, as well as the spaces for political participation they offer. This critical inquiry is organised according to foundational categories that have defined the energy transition - ‘renewable’ energy resources, markets, economic instruments, technological demonstration, spatiality (‘scale’) and temporality (‘horizon(s)’). Using a set of select case studies, this book systematically investigates the role these categories play in the current developments in energy transitions.
The New Blackwell Companion to Social Theory
A comprehensive new collection covering the principal traditions and critical contemporary issues of social theory. Builds on the success of The Blackwell Companion to Social Theory, second edition with substantial revisions, entirely new contributions, and a fresh editorial direction Explores contemporary areas such as actor network theory, social constructionism, human rights and cosmopolitanism Includes chapters on demography, science and technology studies, and genetics and social theory Emphasizes key areas of sociology which have had an important impact in shaping the discipline as a whole
Towards a Cultural Politics of Climate Change
Towards a Cultural Politics of Climate Change provides a new perspective on how climate change matters in policy-making, business and everyday life. It argues that the work of low carbon transitions takes place through the creation of devices, the mobilisation of desires, and the articulation of dissent. Using case studies from the US, Australia, and Europe, the book examines the creation and contestation of new forms of cultural politics - of how a climate-changed society is articulated, realized and contested. Through this approach it opens up questions about how, where and by whom climate politics is conducted and the ways in which we might respond differently to this societal challenge. This book provides a key reference point for the emerging academic community working on the cultural politics of climate change, and a means through which to engage this new area of research with the broader social sciences.
Discipline in the Global Economy?
This book investigates the new mode of global economic governance. Vestergaard argues that only by abandoning certain ‘laissez-fairy tales’ about liberalism, may we begin to understand our present condition, and open a space for critical thought in the face of an ever-more pervasive neoliberalism.
Patriotic Professionalism in Urban China
A look at urban professionals in post-Mao China as they balance social responsibility and individual achievement.
