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The Crisis of Crowding
A rare analytical look at the financial crisis using simple analysis The economic crisis that began in 2008 revealed the numerous problems in our financial system, from the way mortgage loans were produced to the way Wall Street banks leveraged themselves. Curiously enough, however, most of the reasons for the banking collapse are very similar to the reasons that Long-Term Capital Management (LTCM), the largest hedge fund to date, collapsed in 1998. The Crisis of Crowding looks at LTCM in greater detail, with new information, for a more accurate perspective, examining how the subsequent hedge funds started by Meriwether and former partners were destroyed again by the lapse of judgement in al...
American Cities and the Politics of Party Conventions
Uncovers the politics involved when a city recruits and implements a presidential convention. Political party conventions have lost much of their original political nature, serving now primarily as elaborate infomercials while ratifying the decisions made by voters in state primaries and caucuses. While this activity hasnt changed significantly since the 1970s, conventions themselves have changed significantly in terms of how they are recruited, implemented, and paid for. American Cities and the Politics of Party Conventions analyzes how and why cities advance through the site selection process. Just as parties use conventions to communicate their policies, unity, and competence to the ele...
Research Handbook of Financial Markets
The Research Handbook of Financial Markets carefully discusses the histories and current states of the most important financial markets and institutions, as well as explicitly underscoring open questions that need study. By describing the institutional structure of different markets and highlighting recent changes within them, it accurately highlights their evolving nature.
Body Image
Sarah Grogan provides a comprehensive overview of the subject of body image, pulling together diverse research from the fields of psychology, sociology, media, and gender studies in men, women, and children. This second edition has been thoroughly revised and updated to reflect the significant increase in research on body image since the first edition was published, including new empirical data collected specifically for this text. In addition to examining evidence for sociocultural influences on body image, the book also reviews recent literature and includes new findings on body modification practices (cosmetic surgery, piercing, tattooing, and bodybuilding). It takes a critical look at interventions designed to promote positive body image and also attempts to link body image to physical health, looking in particular at motivations for potentially health-damaging practices such as anabolic steroid use and cosmetic surgery. The only text to date that examines the issue of body image, focusing on men and children as well as women, Body Image will be invaluable to students and researchers in the area as well as those with an interest in how to promote positive body image.
Paper Or Plastic?
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The Effect of Anticipated Tax Changes on Intertemporal Labor Supply and the Realization of Taxable Income
"We use anticipated changes in tax rates associated with changes in family composition to estimate intertemporal labor supply elasticities and elasticities of taxable income with respect to the net-of-tax wage rate. A number of provisions of the tax code are tied explicitly to child age and dependent status. Changes in the ages of children can thus affect marginal tax rates through phase-in or phase-out provisions of tax credits or by shifting individuals across tax brackets. We identify the response of labor and income to these tax changes by comparing families who experienced a tax rate change to families who had a similar change in dependents but no resulting tax rate change. A primary ad...
Labour Market Trends
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