Rabu, 30 April 2014

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Intuition in Medicine: A Philosophical Defense of Clinical Reasoning, by Hillel D. Braude

Intuition is central to discussions about the nature of scientific and philosophical reasoning and what it means to be human. In this bold and timely book, Hillel D. Braude marshals his dual training as a physician and philosopher to examine the place of intuition in medicine.

Rather than defining and using a single concept of intuition—philosophical, practical, or neuroscientific—Braude here examines intuition as it occurs at different levels and in different contexts of clinical reasoning. He argues that not only does intuition provide the bridge between medical reasoning and moral reasoning, but that it also links the epistemological, ontological, and ethical foundations of clinical decision making. In presenting his case, Braude takes readers on a journey through Aristotle’s Ethics—highlighting the significance of practical reasoning in relation to theoretical reasoning and the potential bridge between them—then through current debates between regulators and clinicians on evidence-based medicine, and finally applies the philosophical perspectives of Reichenbach, Popper, and Peirce to analyze the intuitive support for clinical equipoise, a key concept in research ethics. Through his phenomenological study of intuition Braude aims to demonstrate that ethical responsibility for the other lies at the heart of clinical judgment.�Braude’s original approach advances medical ethics by using philosophical rigor and history to analyze the tacit underpinnings of clinical reasoning and to introduce clear conceptual distinctions that simultaneously affirm and exacerbate the tension between ethical theory and practice. His study will be welcomed not only by philosophers but also by clinicians eager to justify how they use moral intuitions, and anyone interested in medical decision making.

  • Sales Rank: #2147641 in Books
  • Published on: 2012-05-22
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.00" h x 1.00" w x 6.00" l, 1.05 pounds
  • Binding: Hardcover
  • 256 pages

Review
“[A] sweeping but richly crafted historical journey. . . . Intuition in Medicine is a stimulating, concise and reasonably priced text that is likely to appeal to a wide range of academic readers for its ability to challenge and advance medical and moral thinking about clinical reasoning, the place of intuition in medicine and what it means to be human.” (Stephen Buetow Journal of Evaluation in Clinical Practice)

�“This book is monumental in the depth and breadth of its scholarship.” (Elaine W. Cotlove Journal of the American Medical Association)

“Intuition in Medicine is insightful in warning of the subversion of clinical reasoning by the blind application of statistics, oblivious both to the role of intuition in clinical practice and the human character of the doctor-patient encounter. Braude broadly succeeds in relating Aristotelian epistemology to the practice of medicine and thereby overcoming the dehumanization and Cartesian dualism that threatens the practice of medicine.” (John Safranek Review of Metaphysics)

"The scope of Braude's work is impressive, as it touches on classic philosophical texts--including a thorough treatment of Aristotle--as much as work better known by medical ethicists. . . . Throughout, Braude's clarity and scrutiny shine through his treatment of the material, �while he suggests new ways forward through phenomenology as a deeper consideration of both the doctor and patient as subjects.�Intuition in Medicine keeps the doors of the medical humanities open to both physicians and philosophers by elucidating a foundational issue about which both groups can--and must--learn from one another." (Mikey McGovern New Books in Medicine)

“Braude must be congratulated for offering a grand synthesis that his topic deserves. . . . An intellectually enriched account of what truly threatens humane medicine and what is required for authentic reasoned clinical care.” (Alfred I. Tauber, Boston University Medcal History)

“Hillel Braude’s book is brilliant. There’s nothing like it—this is a true, deep, scholarly, philosophical, historical work with real staying power.” (Kathryn Montgomery, Northwestern University Feinberg School of Medicine)

“Drawing on philosophy, science, ethics, and a wealth of personal experience as a physician and philosopher, Hillel D. Braude offers keen insight into the essence of medicine as an intellectual and moral endeavor. Braude explores the nature of medical knowledge and its application in both the objective and subjective aspects of reasoning, decision making, and patient interaction that define the act of medicine and its realization in the clinical encounter. This important new book carries on in the spirit and tenor of Pellegrino and Thomasma, and I believe rightfully takes its place with such seminal studies as an invaluable work on the skill and art of practical wisdom in medicine." (James Giordano, Oxford Centre for Neuroethics, University of Oxford)

“Hillel D. Braude’s Intuition in Medicine: A Philosophical Defense of Clinical Reasoning is the first serious attempt to understand medical intuition as an intrinsic part of both the scientific process and the world of therapy. Sophisticated but not esoteric, Braude’s study is able to provide a reasoned and balanced account of the intuitive process, freeing intuition from the world of medical magic thinking and placing it at the center of medicine.�A major contribution to medical humanities.” (Sander L. Gilman, Emory University)

“Hillel D. Braude’s book is a remarkable achievement that should be carefully studied by all those who seek to understand the nature of clinical reasoning. He provides an important analysis of the major figures in the still ongoing disputes between evidence-based medical models and those that insist on the place of intuition and tacit knowledge. Moreover, he is eminently fair to all the parties to these disputes, and in the process uncovers central historical themes that have long fueled them—from his important and balanced analysis of Aristotle’s phronesis through Galton’s discovery of correlation and Polanyi’s study of tacit knowledge, along with those still currently involved in these issues. A splendid accomplishment that is both deeply informed of these discussions and highly intelligent and fair in its assessments and conclusions.” (Richard M. Zaner, Vanderbilt University Medical Center)

About the Author
Hillel D. Braude completed his medical education and training at the University of Cape Town Medical School and his PhD at the University of Chicago. Since completing further studies as a postgraduate fellow and research assistant in McGill University’s Biomedical Ethics Unit and Religious Studies Faculty, his main area of research is neuroethics.��

Most helpful customer reviews

2 of 3 people found the following review helpful.
An important, original work on clinical judgment
By abeinmichigan
This book is a creative and productive contribution to the philosophy of clinical judgment and medical decision making. Philosophers of medicine or statistics, medical ethicists, Aristotle scholars, and clinicians with a strong interest in clinical reasoning will all find this book a worthwhile investment.

Braude's main goal is to defend the role of intuition (properly understood) in modern clinical judgment. To make this argument, he charts how conceptions of intuition have changed in philosophical and clinical reasoning from Hippocrates to modern times. Braude begins by reviewing the conflicting definitions of intuition in philosophy. He argues that intuition is properly understood as a kind of pre-reflective practical wisdom rooted in the physical body. He analyzes Hippocrates and especially Aristotle to defend this understanding of intuition over and against the belief that intuition refers to absolute intellectual certainty or mystical revelation.

Braude then builds on this foundation to show how the concept of intuition changed with the development of modern medicine and statistics. He gives a fascinating account of how Francis Galton's obsession with eugenics led him to discover statistical correlation and regression. Braude argues that clinical reasoning came eventually to be seen as grounded in mathematical abstractions rather than (as Aristotle had argued) in practical knowledge and the body. Modern pathology reinforced the disruption between clinical reasoning and human experience by focusing on the correlation between (dead) tissue and disease.

Finally, Braude reviews modern developments in clinical reasoning, especially evidence-based medicine. He argues that an undue focus on clinical trials has tended to reinforce a false dichotomy that privileges population-based statistical reasoning over individualized clinical judgment. Clinical judgment and statistical reasoning should be seen instead as a continuum, both of which depend on the human body and the givenness of everyday experience. Braude argues convincingly that intuition is an indispensable component of clinical and statistical reasoning, and that clinical judgment and ethics should be grounded in the face-to-face clinical interaction, the temporal nature of clinical phenomena, and the common thread of human suffering.

Braude draws on and summarizes an impressive array of medical and philosophical domains to make his argument, including ancient medicine, physiognomy, eugenics, the history of statistics, tacit knowing, abduction, phenomenology, evidence-based medicine, Foucault, and Aristotle. The book is not light reading, but it is short and digestible. I highly recommend it, and look forward to future books in which I hope Braude will flesh out the practical implications of his well-reasoned defense of intuition in medicine.

0 of 1 people found the following review helpful.
Some good points
By Treetown
Style: it is at times a bit dry and academic - so it is not that the type of reading if you are looking for something aimed at the lay reader. It seems to be more aimed at someone who is in academic medicine or in one of the allied fields.

It is trying to make the point that clinical medicine unlike pure scientific experiments have concerns which can't be easily settled by the type of controlled experiments that basic scientist love - there are simply too many factors which are uncontrollable. So what to do? This is where accumulated prior experience can help.

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Selasa, 22 April 2014

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Takes Two to Tackle (Santa Fe Bobcats), by Jeanette Murray

NEW IN THE SANTA FE BOBCATS SERIES!

Sometimes faking it is your only option...

Football player Stephen Harrison has hit rock bottom—he’s fresh out of rehab, lost too much weight to be an effective offensive lineman, and has no support system in place. The Bobcats staff suggests he get a life coach to keep him sober and get him back into playing shape, but Stephen says his girlfriend will help. Too bad he doesn’t have one...

Luckily for Stephen, he does have a housekeeper. Margaret has always dreamed of starting her own elite cleaning service, and the money Stephen offers her to play the part of girlfriend is too good to pass up. But while Mags is helping Stephen bulk up and get ready for training camp, she can’t seem to block the feelings crashing into her heart. And one night of passion will pull both of their heads out of the game...


Praise for the Santa Fe Bobcats series

“Sexy and fun.”—The Bookish Babe on One Night with a Quarterback

“Jeanette Murray has grabbed me as an author...I am sticking with these Bobcats to the end!”—Delighted Reader on Loving Him off the Field

  • Sales Rank: #182433 in eBooks
  • Published on: 2015-09-15
  • Released on: 2015-09-15
  • Format: Kindle eBook

Review
"I enjoyed the story. . . . It dealt with some very real issues and emotions, and in those it was touching."---Fangs Wands and Fairy Dust

About the Author
Jeanette Murray is the author of the First to Fight series, the Santa Fe Bobcats series, and the Semper Fi books. She also writes contemporary romantic fiction, including the Roped & Wrangled novels, as Kat Murray. Visit her at jeanettemurray.com.

Carly Robins is an actress and voice-over artist. She can be heard on commercials, video games, and promos. Carly comes to narration with a passion for performance along with the capability to span several genres, from romance to children's literature and thrillers.

Most helpful customer reviews

1 of 1 people found the following review helpful.
Captivating! if Murray writes it...I'm gonna read it. Whew! So good!
By Anna's herding cats
If Murray writes it...I'm gonna read it. Damn, she's good! Sexy as hell hero, incredible heroine, the excitement of the game, a luscious romance and real life struggles...everything about Takes Two to Tackle was irresistible and captivating.

The quick of it is that Stephen has a problem. He's just gotten back from rehab and is on pretty thin ice with his sports team. It's his last chance to prove he's clean, sober and can handle his job. In a moment of panic--to prove he has the support he needs--homeboy claims he has a girlfriend. *hangs head* He so doesn't. Not even a tiny little bit. And off he goes to try to convince his cleaning lady to move in, pretend they're a thing and help him keep his life in order. Whew!

These two were something else. And that was most definitely a good thing. Margaret's blunt and sassy. Honest, hard working and totally solid. Says what she's thinking and doesn't let him get away with any of his s***. And Stephen's a total guy. Rough around the edges sometimes, crazy sexy and with an incredible heart.

The chemistry was amazing. They just had that snappy zing between them that made watching them together so dang fun! It took a little while for things to fully heat up but even before that they were just good together. Made me smile, gave me those warm fuzzies and had me cheering them on.

It wasn't always an easy read. There's lots of fun and sexy but addiction and alcoholism played a big part in the story. And I liked that. Some parts weren't pretty as Stephen tried to get control of his life again. But it was real and moving watching both his struggles and how his friends reacted to him. The support they provided, the ass kickings when he needed them, etc. It was incredibly well done.

All in all, an amazing addition to the series. Murray tackled a difficult subject with Takes Two to Tackle and did so with class, heart and love. Adding in some fan-yourself-sexy and her trademark humor made it an even more delicious ride.

1 of 1 people found the following review helpful.
I'm in LOVE with Stephen, and this book!
By Cory Ida
Squeeeeeeee! I rarely pay for books from authors I have never heard of, especially if they aren't in my preferred sub-genre, but it got a fantastic review on a website I love so I took a chance and I am SO glad I bought this book. It's AMAZING!
There are so many things I love about this book.
1) Mags is a housecleaner who LIKES what she does. Yes, signing on to be Stephen's live-in accountability partner and faux girlfriend helps her get away from a less than stellar employer, but she likes what she does and wants to keep doing it. At no point does anyone ever try to make her job sound demeaning.
2) Mags rocks as an accountability partner. She doesn't baby Stephen or tip-toe around his addiction, but she is also compassionate and insightful and seems to understand exactly what Stephen needs when he's really struggling.
3) Mags is not pretty - in fact, she's described as not even having particularly attractive features. Stephen doesn't fall for her DESPITE her appearance, though: her open, friendly expressions and sparkling blue eyes appeal to him as a person at first and then she becomes truly beautiful to him over time.
4) The slow, steady BURN. So much sexual tension builds over the first half of the book, and the slow build up is delicious. Yes, they are attracted to each other and yes, they want each other and yes, they kiss a few times, but that's all. They take things slow, so when they finally do seal the deal, I wanted to cheer out loud.
Okay, this next part should probably be titled "10 Things I Love About Stephen Harrison," who is now on my top ten list of all time favorite heroes, but I'll just keep the list going.
6) Stephen is a recovering alcoholic whose struggles make him both very vulnerable and incredibly strong. As hard as it is to admit to loved ones, can you imagine the courage it takes to go before your friends, employers, and the media and admit to your alcoholism and the steps you are taking to stay sober and to acknowledge just how hard it is to stay that way? Awesome.
7) Next thing I love about Stephen? He lost a lot of weight and struggles with his self esteem afterwards for various reasons. One, which I can relate to as someone who has lost a lot of weight, is a bit of body dismorphia. He still sees himself with a beer gut even though it's long gone - he's self conscious enough that he keeps hist shirt on and doesn't let Mags touch his stomach the first time they make love. He also struggles, though, because he can't do his job effectively now that he's so much smaller. That's scary, because it's his livelihood. He knows he has to gain back some weight (what an interesting problem to have), but he has to do it in a healthy way this time instead of just drinking his calories. It's a real struggle for him.
8) ANOTHER thing I love about Stephen? That man knows how to treat women right. He is a wonderful son and brother, offers genuine, warm affection to his friends' girlfriends, and treats Mags with complete respect without placing her on a pedestal or making her seem fragile.
Stephen is incredibly humble. He shows humility in owning up to his addiction. 9) He's not afraid to ask for or accept help, either with his sobriety or health or even how to respond to his emotional teenage sister.
10) He works hard. Yes, Stephen gets a lot of support from his team, his friends, his family, and Mags, but he is willing to put in his best efforts to be successful.
11) Stephen and Mags are fantastic partners, friends, and lovers. Every interaction is wonderful. They joke. They play. They hang out watching movies. They talk about important things. They support and encourage each other. They are such good friends that the romance is an extension of that friendship, which is the best kind of relationship.
I am pretty sure I could keep going, but I'll just end with one more note:
Squeeeeeeeee!

1 of 1 people found the following review helpful.
Finally Stephen's story!
By K. Bias
When Stephen Harrison returns home from rehab, he finds himself a bit lost and in need of some supervision and guidance. And when a life coach is mandated by his team, he grasps at what he thinks is him most comfortable option. Margaret Logan has been cleaning Stephen's house for a couple of years, but now she can't resist this new opportunity. Even if it means uprooting her life for awhile to move in with him. She hopes the money will help her fulfill her other dreams. She just has to pretend to be his new girlfriend....and keep her own feelings in check.

She doesn't take his crap and keeps him in line. She's sassy, sweet, and organized. They find companionable rapport and routine that starts to get a bit too comfortable and tempting. They find themselves living a lie and in a precarious situation making it difficult to maintain their new status quo, but also hard to move forward. You can lie to others, but it is harder to lie to yourself or the one you are falling for.

I loved Stephen. He has always been the good friend, but it was obvious he has his own issues and demons. He always hid behind a facade with humor and used alcohol to cope. It is hard to see him struggle. He knows he has issues, limits, and needs support. But His vulnerability, fear, and real emotion is a good balance to his manly, tough football persona. He is at a point in his life where he is trying to get back on track, find motivation, and figure out what he needs to be fulfilled.

And Mags is a great heroine with backbone, tenacity, and a giving nature. She's real, a bit insecure, but independent minded and has her own goals. Most importantly she believes in Stephen and is willing to support his recovery.

I really liked them together. They have a good rapport and chemistry. But their communication skills did need help. They both have such fears and insecurities that it becomes a big jumbled mess of secrets, lies, hidden feelings, and misconceptions. There were so many parts in this book that I wanted to lock them in a room and force them to talk about what they were really feeling.

This is the third Santa Fe Bobcats book and both the couples from the previous books are featured in this one. I enjoyed getting more time with Trey and Cassie (One Night with a Quarterback) and Killian and Aileen (Loving Him Off the Field). Cassie's friend Anya, and her sisters Irene and Mellie are also back along with the guys' team mate and friend, Tobias who is always there to lend a hand. I am looking forward to Tobias' book Romancing the Running Back.

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Senin, 21 April 2014

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Build Mobile Apps with Ionic 2 and Firebase: Hybrid Mobile App Development, by Fu Cheng

Learn to build hybrid mobile apps using Ionic and Firebase. You'll build a Hacker News client app, which can view top stories in Hacker News, view comments of a story, add stories to favorites, etc. 
This introductory guide covers the whole cycle of hybrid mobile apps development. It's organized around implementing different user stories. For each story, this book not only talks about how to implement it but also explains related Ionic and Firebase concepts in detail. Using Apache Cordova, developers can create a new type of mobile app―a hybrid mobile app.
Hybrid mobile apps actually run in an internal browser inside a wrapper created by Apache Cordova. With hybrid mobile apps, developers can have one single code base for different platforms. Developers also can use their existing web development skills. 

The Ionic framework builds on top of Apache Cordova and provides out-of-box components which make developing hybrid mobile apps much easier. Ionic uses Angular as the JavaScript framework and has a nice default UI style with a similar look and feel to native apps. Firebase is a realtime database which can be accessed in web apps using JavaScript. With Build Mobile Apps with Ionic 2 and Firebase you'll discover that  just need to develop front-end code, there's no need to manage any back-end code or servers.  
What You'll Learn

  •    Create content-based Ionic mobile apps
  •    Discover the advanced features of the Ionic framework
  •    Use Firebase as a mobile app’s back-end storage
  •    Build, test, and continuously delivery Ionic mobile apps
  •    Publish and analyze Ionic mobile apps
Who This Book Is ForFront-end developers and mobile app developers

  • Sales Rank: #776213 in Books
  • Published on: 2017-05-31
  • Released on: 2017-05-31
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.25" h x .63" w x 6.10" l,
  • Binding: Paperback
  • 252 pages

From the Back Cover
Learn to build hybrid mobile apps using Ionic and Firebase. You'll build a Hacker News client app, which can view top stories in Hacker News, view comments of a story, add stories to favorites, etc. 
This introductory guide covers the whole cycle of hybrid mobile apps development. It's organized around implementing different user stories. For each story, this book not only talks about how to implement it but also explains related Ionic and Firebase concepts in detail. Using Apache Cordova, developers can create a new type of mobile app―a hybrid mobile app.
Hybrid mobile apps actually run in an internal browser inside a wrapper created by Apache Cordova. With hybrid mobile apps, developers can have one single code base for different platforms. Developers also can use their existing web development skills. 
The Ionic framework builds on top of Apache Cordova and provides out-of-box components which make developing hybrid mobile apps much easier. Ionic uses Angular as the JavaScript framework and has a nice default UI style with a similar look and feel to native apps. Firebase is a realtime database which can be accessed in web apps using JavaScript. With Build Mobile Apps with Ionic 2 and Firebase you'll discover that  just need to develop front-end code, there's no need to manage any back-end code or servers. 

About the Author
Fu Cheng is a full-stack software developer living in Auckland, New Zealand with rich experience in appling best practices in real product development and strong problem solving skill. He is the author of the book Understanding Java 7: The Core Techniques and Best Practices (Simplified Chinese edition), which covers the new features of Java SE 7 and provides a deep dive of Java platform core features, including JVM internals, byte code manipulation, class loader, generics, security, concurrent programming and serialization. He is also a regular author on IBM developerWorks China and InfoQ China website with more than 50 published technical articles covering various technical topics.

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Rabu, 16 April 2014

[F999.Ebook] Download PDF 55 Words, by Anushree Nande

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55 Words, by Anushree Nande

55 WORD FICTION: the art of creating a complete short story in exactly 55 words. Anushree Nande's collection is 55 word stories compiled into an entertaining and fast read.



ANUSHREE NANDE is a Mumbai-based writer, editor and proofreader with MA & BA Creative Writing degrees from Edge Hill University. She has had short stories, essays and poems published on platforms like CommuterLit, When Women Waken, Flash Fiction Online, Litro, Thresholds, Yellow Chair Review, 3AM and Cadaverine among others. Anushree also writes about football, books, movies, TV for websites, blogs and literary magazines. A first novel is in progress.

  • Sales Rank: #1405478 in eBooks
  • Published on: 2015-10-01
  • Released on: 2015-10-01
  • Format: Kindle eBook

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1 of 1 people found the following review helpful.
A beautiful collection of short stories which contains great depth and ...
By Mathew Turner
A beautiful collection of short stories which contains great depth and facilitates multiple readings to allow oneself to discover all the intricacies and subtleties in her work. With themes ranging from the pure elation of childhood innocence and joy which elicit true nostalgia to the heavy themes and choices one must make and confront as one gets older and a wide variety in between, the collection of stories can resonate with a diverse audience and connect to a plethora of personalities and interests. It requires a great amount of detail and an astute touch to be able to bring about so much depth in so few words and she does so masterfully. I am looking forward to future works she produces.

1 of 1 people found the following review helpful.
Delightfully accomplished!
By batmandela
Ms Nande's beautifully composed vignettes creep into your imagination like seeds, where they blossom into a rich forest of full-blown stories. She captures moments, snatches of memories, and turns them over gently with her delicate prose; she runs her fingers over them, tracing the edges of pain, grief and loss; then she twists them in the light, and they shimmer and sparkle with joy and delight.

1 of 1 people found the following review helpful.
Each of story is brilliant and contrasting
By Miss C. Yeboah
Each of story is brilliant and contrasting, a morsel that leaves you wanting more of the same. I highly recommend it.

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Kamis, 03 April 2014

[H270.Ebook] Ebook Download The End of Apartheid: Diary of a Revolution, by Robin Renwick

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The End of Apartheid: Diary of a Revolution, by Robin Renwick

On 2 February 1990, FW de Klerk made a speech that changed the history of South Africa. Nine days later, the world watched as Nelson Mandela walked free from the Viktor Verster prison. In the midst of these events was Lord Renwick, Margaret Thatcher's envoy to South Africa, who became a personal friend of Nelson Mandela, FW de Klerk and Chief Mangosuthu Buthelezi, acting as a trusted intermediary between them. He warned PW Botha against military attacks on neighbouring countries, in meetings he likens to 'calling on the fuhrer in his bunker'. He invited Mandela to his first meal in a restaurant for twenty-seven years, rehearsing him for his meeting with Margaret Thatcher - and told Thatcher that she must not interrupt him. Their discussion went on so long that the British press in Downing Street started chanting 'Free Nelson Mandela'. In this extraordinary insider's account, Renwick draws on his diaries of the time, as well as previously unpublished material from the Foreign Office and Downing Street files. He paints a vivid, affectionate, real-life portrait of Mandela as a wily and resourceful political leader bent on out-manoeuvring both adversaries and some of his own colleagues in pursuit of a peaceful outcome.

  • Sales Rank: #2554766 in Books
  • Published on: 2015-01-29
  • Original language: English
  • Number of items: 1
  • Dimensions: 5.63" h x .67" w x 8.54" l, 1.17 pounds
  • Binding: Hardcover
  • 192 pages

Review
"One of the most important books written on the modern history of South Africa." Wilbur Smith "4 stars: a crisp, riveting book." The Telegraph "It's an interesting behind-the-scenes account of the events that unfolded on a world stage." The Independent

About the Author
ROBIN RENWICK, Baron Renwick of Clifton, is a crossbench peer in the House of Lords. During a long and illustrious career in the Foreign and Commonwealth Office he has been a Private Secretary to the Minister of State, a political adviser, Assistant Under-Secretary of State and ambassador to South Africa and then the United States. He is the author of A Journey with Margaret Thatcher.

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0 of 0 people found the following review helpful.
easy to read chronological account of the events behind the ...
By Claus Dieter Martin
easy to read chronological account of the events behind the scene to the most remarkable transformation.
Interesting quotes and anecdotes.

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[S314.Ebook] PDF Download Penny Tassoni's Practical EYFS Handbook, by Penny Tassoni

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*Written by Penny Tassoni so you can be sure that you're getting the best advice on the new framework. *Penny's practical approach to implementing revisions to the EYFS makes it easy to understand and transfer successful ideas into your own setting/assignments. *Activities to support children's learning have been matched directly to the areas of development in the revised EYFS framework. *Includes a new section on resources for use in early years settings. * Like the first edition, this resource will be ideal for students and practitioners in any early years setting, including Childminders.

  • Sales Rank: #11856430 in Books
  • Published on: 2012
  • Original language: English
  • Dimensions: 10.75" h x .55" w x 8.66" l, .0 pounds
  • Binding: Paperback

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Rabu, 02 April 2014

[B223.Ebook] Download Ebook What Caused the Financial CrisisFrom University of Pennsylvania Press

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What Caused the Financial CrisisFrom University of Pennsylvania Press

The deflation of the subprime mortgage bubble in 2006-7 is widely agreed to have been the immediate cause of the collapse of the financial sector in 2008. Consequently, one might think that uncovering the origins of subprime lending would make the root causes of the crisis obvious. That is essentially where public debate about the causes of the crisis began—and ended—in the month following the bankruptcy of Lehman Brothers and the 502-point fall in the Dow Jones Industrial Average in mid-September 2008. However, the subprime housing bubble is just one piece of the puzzle. Asset bubbles inflate and burst frequently, but severe worldwide recessions are rare. What was different this time?

In What Caused the Financial Crisis leading economists and scholars delve into the major causes of the worst financial collapse since the Great Depression and, together, present a comprehensive picture of the factors that led to it. One essay examines the role of government regulation in expanding home ownership through mortgage subsidies for impoverished borrowers, encouraging the subprime housing bubble. Another explores how banks were able to securitize mortgages by manipulating criteria used for bond ratings. How this led to inaccurate risk assessments that could not be covered by sufficient capital reserves mandated under the Basel accords is made clear in a third essay. Other essays identify monetary policy in the United States and Europe, corporate pay structures, credit-default swaps, banks' leverage, and financial deregulation as possible causes of the crisis.

With contributions from Richard A. Posner, Vernon L. Smith, Joseph E. Stiglitz, and John B. Taylor, among others, What Caused the Financial Crisis provides a cogent, comprehensive, and credible explanation of why the crisis happened. It will be an essential resource for scholars and students of finance, economics, history, law, political science, and sociology, as well as others interested in the financial crisis and the nature of modern capitalism and regulation.

  • Sales Rank: #1452292 in eBooks
  • Published on: 2011-06-06
  • Released on: 2011-06-06
  • Format: Kindle eBook

Review

"You will find in this collection some of the best efforts so far to understand the financial crisis."—Edmund Phelps, Columbia University

About the Author
Jeffrey Friedman is a visiting scholar in the Department of Government at the University of Texas, Austin and Max Weber Senior Fellow at the Institute for Advancement of the Social Sciences, Boston University. He is the editor of Critical Review.

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28 of 30 people found the following review helpful.
What caused the financial crisis? Was it the capitalism or the regulations?
By Jean Parmesan
The financial crisis of 2008 was unusual, but not unprecedented. Over the past 25 years, there have been a string of financial crises including the 1984 bankruptcy of Continental Illinois, the 1987 stock market crash, the 1995 Mexican peso crisis, the 1998 bailout of LTCM and the 2000 internet stock bubble.

Under a system of regulated capitalism, the operative question is who is at fault? Was it the government technocrats or the greedy capitalists?

Editor Jeffrey Friedman takes a Hayekian approach to the most recent financial crisis of 2008 and concludes, along with his contributors, that the primary problem was information failure (i.e. ignorance on the part of regulators and market participants). But, he makes an important distinction: information failures work very differently among regulators and market participants. While there may be heterogeneous opinions among regulators as to the correct regulations, only one theory gets codified into law. In contrast, discordant theories between market participants lead to competition and a darwinian weeding out of erroneous strategies via profits and losses.

In order for pragmatic regulation to work, regulators must be able to anticipate the unintended consequences of a given regulation considered in isolation as well the interaction of a regulation with previously codified regulations. Friedman and his contributors conclude that the following regulations interacted in unexpected ways to produce the crisis:

1. SEC decisions in 1970s which produced a ratings cartel among three credit rating firms. This disabled competition and information in the financial markets.
2. HUD directives in the 1990s which spurred nonprime and subprime lending by Freddie and Fannie Mac.
3. The loose monetary policies of the federal reserve commencing in 2001 which produced a spate of artificially low interest rates.
4. The Basel accords enacted in the US in the 1990s which conferred significant capital advantages to banks who securitized loans through Freddie and Fannie.
5. Non-recourse laws passed by different states over the years, which enabled borrowers to default with little consequence.

Combine these policies with the ever present principal/agent problem in markets and the result was the significant undermining of market discipline and prudence. CEOs and investment firm employees earned large bonuses securitizing dubious loans and homeowners with underwater mortgages were able to default with little financial consequence. Equity holders may have taken a large haircut, but bondholders walked away nearly scot free. The taxpayer was the only party left to pick up the tab.

Essays in the book include contributions from Nobel laureates Vernon Smith and Joseph Stiglitz as well as several other economists including Amar Bhide, Peter Wallison, Larry White, Daron Acemoglu, John Taylor and Richard Posner.

This book is the most complete series of essays on the financial crisis of 2008 that I have read. Highly recommended.

8 of 11 people found the following review helpful.
The astrologers ponder the origin of the meteor
By Dr. Toad
Let me first say that this is an outstanding book on the most important issue of the day. It should be required reading for anyone - but then again so should be the note on one's mortgage. Or one's tax return, for that matter.

An august group of Economists, from both sides of the political divide (the politics are quite visible) convene to answer the questions "Was this a failure of Capitalism, of Regulation (by omission or by commission) or of the Economics profession itself?" I think the title of my review expresses my own opinion.

The book is a collection of essays bracketed by overviews by Jeffrey Friedman (a "red economist") and Richard Posner (a "blue" one). Each reviews the factors cited in the previous review and weighs in on their assessment of the importance of each.

The essays are divided into three parts - in the first, the disaster is considered in historical context, going back to the roaring 20's, and discussing the evolution of finance and government policy to the present. In the second, the contributing factors are examined in detail - monetary policy, political factors, Fannie Mae, Freddie Mac, the securitization of mortgage debt, the rating thereof by S&P, Moody's and Fitch, the Basel accords and swaps. The picture that emerges is that of the unintended consequences of regulatory good intentions. A healthy (yet lustful, insouciant and somewhat impulsive) man is prescribed a handful of well-tested medications, and they interact in a way that lands him in the ICU where he remains to this day.

All the material is thought-provoking. But what I found fascinating was the third group of essays in which the profession itself is put in the dock. Daron Acemoglu ruminates on the continued existence of the business cycle, the importance of "institutions" (which he does not define, but hints that they provide "incentives"), and observes that when performing due diligence, it is not sufficient to observe that one's counterparty has a good reputation. Really, Daron? Buying a credit-default swap from Goldman isn't the same as buying a cola with a red and white logo on the can? He states "The intellectual argument for the financial bailouts in September of 2008 was that the organizations clearly responsible for the problems that we are in today should nonetheless be saved because they are the only ones with the 'specific capital' to get us out of our current predicament". That's not an intellectual argument - it's Stockholm syndrome. Daron has good company with the Nobel laureate Joseph Stiglitz who occupies an entire chapter weaving political conspiracy theories titled "Anatomy of a Murder". Only the murder of your own reputation, sir - apparently Nobel laureates in Economics cannot be inconvenienced to formulate actual thoughts.

The final chapter, titled "The Financial Crisis and the Systemic Failure of the Economics Profession", indeed delves hard and deep into the desires of the Social Science that wants very much to be a Hard Science, but which lacks elements like the repeatability of experiments and time invariance.

The marriage of economics to politics is evident everywhere in this book and, like Jounalism (similarly married), Economics is ripe for a real case of "creative destruction". Indeed, when Pharoah has indulged the astrologers so that they might read the fate of his kingdom in the sky, why should he not respond to the crater where his capital once lay by taking out their still-beating hearts and hurl them down the steps of the temple?

It might work. God knows a raft of Nobel prizes didn't.

4 of 6 people found the following review helpful.
Okay
By Choong
Among all the books covering the financial crisis, this must be one of the best. The authors cover the crisis in great and exhausting detail and it is clear that the research was done. Without doubt, I would endorse this book. At the same time, a worthy competitor is The Causes of the Financial Crisis: The Role of the American Government and the Federal Reserve which is worth a read as well.

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