A Crisis Of Beliefs

Author : Nicola Gennaioli
Publisher : Princeton University Press
ISBN 13 : 0691182507
Total Pages : 264 pages
Book Rating : 4.06/5 ( download)

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Download or read book A Crisis of Beliefs written by Nicola Gennaioli and published by Princeton University Press. This book was released on 2018-09-11 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: How investor expectations move markets and the economy The collapse of Lehman Brothers in September 2008 caught markets and regulators by surprise. Although the government rushed to rescue other financial institutions from a similar fate after Lehman, it could not prevent the deepest recession in postwar history. A Crisis of Beliefs makes us rethink the financial crisis and the nature of economic risk. In this authoritative and comprehensive book, two of today’s most insightful economists reveal how our beliefs shape financial markets, lead to expansions of credit and leverage, and expose the economy to major risks. Nicola Gennaioli and Andrei Shleifer carefully walk readers through the unraveling of Lehman Brothers and the ensuing meltdown of the US financial system, and then present new evidence to illustrate the destabilizing role played by the beliefs of home buyers, investors, and regulators. Using the latest research in psychology and behavioral economics, they present a new theory of belief formation that explains why the financial crisis came as such a shock to so many people—and how financial and economic instability persist. A must-read for anyone seeking insights into financial markets, A Crisis of Beliefs shows how even the smartest market participants and regulators did not fully appreciate the extent of economic risk, and offers a new framework for understanding today’s unpredictable financial waters.

Author : Nicola Gennaioli
Publisher : Princeton University Press
ISBN 13 : 0691202230
Total Pages : 264 pages
Book Rating : 4.35/5 ( download)

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Download or read book A Crisis of Beliefs written by Nicola Gennaioli and published by Princeton University Press. This book was released on 2020-03-10 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: "How investor expectations move markets and the economy. The collapse of Lehman Brothers in September 2008 caught markets and regulators by surprise. Although the government rushed to rescue other financial institutions from a similar fate after Lehman, it could not prevent the deepest recession in postwar history. A Crisis of Beliefs makes us rethink the financial crisis and the nature of economic risk. In this authoritative and comprehensive book, two of today's most insightful economists reveal how our beliefs shape financial markets, lead to expansions of credit and leverage, and expose the economy to major risks. Nicola Gennaioli and Andrei Shleifer carefully walk readers through the unraveling of Lehman Brothers and the ensuing meltdown of the US financial system, and then present new evidence to illustrate the destabilizing role played by the beliefs of home buyers, investors, and regulators. Using the latest research in psychology and behavioral economics, they present a new theory of belief formation that explains why the financial crisis came as such a shock to so many people--and how financial and economic instability persist. A must-read for anyone seeking insights into financial markets, A Crisis of Beliefs shows how even the smartest market participants and regulators did not fully appreciate the extent of economic risk, and offers a new framework for understanding today's unpredictable financial waters."--

Author : Austin Fischer
Publisher : InterVarsity Press
ISBN 13 : 083087402X
Total Pages : 196 pages
Book Rating : 4.26/5 ( download)

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Download or read book Faith in the Shadows written by Austin Fischer and published by InterVarsity Press. This book was released on 2018-09-11 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: "People don't abandon faith because they have doubts. People abandon faith because they think they're not allowed to have doubts." Too often, our honest questions about faith are met with cold confidence and easy answers. But false certitude doesn't result in strong faith—it results in disillusionment, or worse, in a dogmatic, overweening faith unable to see itself or its object clearly. Even as a pastor, Austin Fischer has experienced the shadows of doubt and disillusionment. In Faith in the Shadows, he leans into perennial questions about Christianity with raw and fearless integrity. He addresses contemporary science, the problem of evil, hell, God's silence, and other issues, offering not only fresh treatments of these questions but also a fresh paradigm for thinking about doubt itself. Doubt, Fischer contends, is no reason to leave the faith. Instead, it's an invitation to a more honest faith—a faith that's not in control, but that trusts more fully in its Lord.

Author : Moritz Schularick
Publisher : University of Chicago Press
ISBN 13 : 022681694X
Total Pages : 318 pages
Book Rating : 4.44/5 ( download)

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Download or read book Leveraged written by Moritz Schularick and published by University of Chicago Press. This book was released on 2022-12-13 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: An authoritative guide to the new economics of our crisis-filled century. Published in collaboration with the Institute for New Economic Thinking. The 2008 financial crisis was a seismic event that laid bare how financial institutions’ instabilities can have devastating effects on societies and economies. COVID-19 brought similar financial devastation at the beginning of 2020 and once more massive interventions by central banks were needed to heed off the collapse of the financial system. All of which begs the question: why is our financial system so fragile and vulnerable that it needs government support so often? For a generation of economists who have risen to prominence since 2008, these events have defined not only how they view financial instability, but financial markets more broadly. Leveraged brings together these voices to take stock of what we have learned about the costs and causes of financial fragility and to offer a new canonical framework for understanding it. Their message: the origins of financial instability in modern economies run deeper than the technical debates around banking regulation, countercyclical capital buffers, or living wills for financial institutions. Leveraged offers a fundamentally new picture of how financial institutions and societies coexist, for better or worse. The essays here mark a new starting point for research in financial economics. As we muddle through the effects of a second financial crisis in this young century, Leveraged provides a road map and a research agenda for the future.

Author : Neil Levy
Publisher : Oxford University Press
ISBN 13 : 019289532X
Total Pages : 211 pages
Book Rating : 4.25/5 ( download)

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Download or read book Bad Beliefs written by Neil Levy and published by Oxford University Press. This book was released on 2022-01-30 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Why do people come to reject climate science or the safety and efficacy of vaccines, in defiance of the scientific consensus? A popular view explains bad beliefs like these as resulting from a range of biases that together ensure that human beings fall short of being genuinely rational animals. This book presents an alternative account. It argues that bad beliefs arise from genuinely rational processes. We've missed the rationality of bad beliefs because we've failed to recognize the ubiquity of the higher-order evidence that shapes beliefs, and the rationality of being guided by this evidence. The book argues that attention to higher-order evidence should lead us to rethink both how minds are best changed and the ethics of changing them: we should come to see that nudging - at least usually - changes belief (and behavior) by presenting rational agents with genuine evidence, and is therefore fully respectful of intellectual agency. We needn't rethink Enlightenment ideals of intellectual autonomy and rationality, but we should reshape them to take account of our deeply social epistemic agency"--

Author : W. Edwards Deming
Publisher : MIT Press
ISBN 13 : 0262350033
Total Pages : 450 pages
Book Rating : 4.37/5 ( download)

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Download or read book Out of the Crisis, reissue written by W. Edwards Deming and published by MIT Press. This book was released on 2018-10-16 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essential reading for managers and leaders based on Deming’s famous 14 Points for Management This is the classic and deeply influential work on business management, leadership, problem solving, and quality control, reissued for readers today Translated into 12 languages and continuously in print since its original publication in 1982, this highly influential framework presents the foundations for a completely transformational way to lead and manage people, processes, and resources. According to Deming, American company management’s failure to plan for the future brings about loss of market, which brings about loss of jobs. Management must be judged not only by the quarterly dividend, but by innovative plans to: • stay in business • protect investment • ensure future dividends • provide more jobs through improved product and service In simple, direct language, Deming explains the principles of management transformation and how to apply them. This edition includes a foreword by Deming’s grandson, Kevin Edwards Cahill, and Kelly Allan, business consultant and Deming expert. “Long-term commitment to new learning and new philosophy is required of any management that seeks transformation. The timid and the fainthearted, and the people that expect quick results, are doomed to disappointment.” —W. Edwards Deming, Out of the Crisis

Author : Carmen M. Reinhart
Publisher : Princeton University Press
ISBN 13 : 0691152640
Total Pages : 513 pages
Book Rating : 4.46/5 ( download)

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Download or read book This Time Is Different written by Carmen M. Reinhart and published by Princeton University Press. This book was released on 2011-08-07 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: An empirical investigation of financial crises during the last 800 years.

Author : Jimmy Carter
Publisher : Simon and Schuster
ISBN 13 : 0743284577
Total Pages : 225 pages
Book Rating : 4.78/5 ( download)

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Download or read book Our Endangered Values written by Jimmy Carter and published by Simon and Schuster. This book was released on 2005 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: Jimmy Carter has written importantly about his spiritual life and faith. Now he describes quite personally his own involvement and reactions to disturbing societal trends involving both the religious and political worlds as they become intertwined.

Author : Richard J. Helmstadter
Publisher : Stanford University Press
ISBN 13 : 9780804716024
Total Pages : 422 pages
Book Rating : 4.21/5 ( download)

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Download or read book Victorian Faith in Crisis written by Richard J. Helmstadter and published by Stanford University Press. This book was released on 1990 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Stanford University Press classic.

Author : Joseph Ratzinger
Publisher : Ignatius Press
ISBN 13 : 168149096X
Total Pages : 132 pages
Book Rating : 4.60/5 ( download)

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Download or read book Christianity and the Crisis of Cultures written by Joseph Ratzinger and published by Ignatius Press. This book was released on 2009-09-03 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreword by Marcello Pera Written by Joseph Ratzinger shortly before he became Pope Benedict XVI, Christianity and the Crisis of Cultures looks at the growing conflict of cultures evident in the Western world. The West faces a deadly contradiction of its own making, he contends. Terrorism is on the rise. Technological advances of the West, employed by people who have cut themselves off from the moral wisdom of the past, threaten to abolish man (as C.S. Lewis put it)whether through genetic manipulation or physical annihilation. In short, the West is at war-with itself. Its scientific outlook has brought material progress. The Enlightenment's appeal to reason has achieved a measure of freedom. But contrary to what many people suppose, both of these accomplishments depend on Judeo-Christian foundations, including the moral worldview that created Western culture. More than anything else, argues Joseph Ratzinger/Benedict XVI, the important contributions of the West are threatened today by an exaggerated scientific outlook and by moral relativism-what Benedict XVI calls "the dictatorship of relativism"-in the name of freedom. Christianity and the Crisis of Cultures is no mere tirade against the moral decline of the West. Razinger challenges the West to return to its roots by finding a place for God in modern culture. He argues that both Christian culture and the Enlightenment formed the West, and that both hold the keys to human life and freedom as well as to domination and destruction. Ratzinger challenges non-believer and believer alike. "Both parties," he writes, "must reflect on their own selves and be ready to accept correction." He challenges secularized, unbelieving people to open themselves to God as the ground of true rationality and freedom. He calls on believers to "make God credible in this world by means of the enlightened faith they live." Topics include: Reflections on the Cultures in Conflict Today The Significance and Limits of Today's Rationalistic Culture The Permanent Significance of the Christian Faith Why We Must Not Give Up the Fight The Law of the Jungle, the Rule of Law We Must Use Our Eyes! Faith and Everyday Life Can Agnosticism Be a Solution? The Natural Knowledge of God "Supernatural" Faith and Its Origins