The Mind of Wall Street

The Mind of Wall Street

Author: Leon Levy

Publisher: PublicAffairs

Published: 2009-03-25

Total Pages: 237

ISBN-13: 0786730153

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As stock prices and investor confidence have collapsed in the wake of Enron, WorldCom, and the dot-com crash, people want to know how this happened and how to make sense of the uncertain times to come. Into the breach comes one of Wall Street's legendary investors, Leon Levy, to explain why the market so often confounds us, and why those who ought to understand it tend to get chewed up and spat out. Levy, who pioneered many of the innovations and investment instruments that we now take for granted, has prospered in every market for the past fifty years, particularly in today's bear market. In The Mind of Wall Street he recounts stories of his successes and failures to illustrate how investor psychology and willful self-deception so often play critical roles in the process. Like his peers George Soros and Warren Buffett, Levy takes a long and broad view of the rhythms of the markets and the economy. He also offers a provocative analysis of the spectacular Internet bubble, showing that the market has not yet completely recovered from its bout of "irrational exuberance." The Mind of Wall Street is essential reading for all of us, whether we are active traders or simply modest contributors to our 401(k) plans, as volatile and unnerving markets come to define so much of our net worth.


Markets, Minds, and Money

Markets, Minds, and Money

Author: Miguel Urquiola

Publisher: Harvard University Press

Published: 2020-04-14

Total Pages: 361

ISBN-13: 0674246608

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A colorful history of US research universities, and a market-based theory of their global success. American education has its share of problems, but it excels in at least one area: university-based research. That’s why American universities have produced more Nobel Prize winners than those of the next twenty-nine countries combined. Economist Miguel Urquiola argues that the principal source of this triumph is a free-market approach to higher education. Until the late nineteenth century, research at American universities was largely an afterthought, suffering for the same reason that it now prospers: the free market permits institutional self-rule. Most universities exploited that flexibility to provide what well-heeled families and church benefactors wanted. They taught denominationally appropriate materials and produced the next generation of regional elites, no matter the students’—or their instructors’—competence. These schools were nothing like the German universities that led the world in research and advanced training. The American system only began to shift when certain universities, free to change their business model, realized there was demand in the industrial economy for students who were taught by experts and sorted by talent rather than breeding. Cornell and Johns Hopkins led the way, followed by Harvard, Columbia, and a few dozen others that remain centers of research. By the 1920s the United States was well on its way to producing the best university research. Free markets are not the solution for all educational problems. Urquiola explains why they are less successful at the primary and secondary level, areas in which the United States often lags. But the entrepreneurial spirit has certainly been the key to American leadership in the research sector that is so crucial to economic success.


Capitalism and Desire

Capitalism and Desire

Author: Todd McGowan

Publisher: Columbia University Press

Published: 2016-09-20

Total Pages: 305

ISBN-13: 0231542216

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Despite creating vast inequalities and propping up reactionary world regimes, capitalism has many passionate defenders—but not because of what it withholds from some and gives to others. Capitalism dominates, Todd McGowan argues, because it mimics the structure of our desire while hiding the trauma that the system inflicts upon it. People from all backgrounds enjoy what capitalism provides, but at the same time are told more and better is yet to come. Capitalism traps us through an incomplete satisfaction that compels us after the new, the better, and the more. Capitalism's parasitic relationship to our desires gives it the illusion of corresponding to our natural impulses, which is how capitalism's defenders characterize it. By understanding this psychic strategy, McGowan hopes to divest us of our addiction to capitalist enrichment and help us rediscover enjoyment as we actually experienced it. By locating it in the present, McGowan frees us from our attachment to a better future and the belief that capitalism is an essential outgrowth of human nature. From this perspective, our economic, social, and political worlds open up to real political change. Eloquent and enlivened by examples from film, television, consumer culture, and everyday life, Capitalism and Desire brings a new, psychoanalytically grounded approach to political and social theory.


Underdevelopment Is a State of Mind

Underdevelopment Is a State of Mind

Author: Lawrence E. Harrison

Publisher: Madison Books

Published: 2000-03-15

Total Pages: 232

ISBN-13: 1461731321

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Originally published in 1985, Underdevelopment Is a State of Mind_ was one of the first studies to examine Latin America's rocky development as cultural, rather than colonial, byproduct.


Liberty and Security

Liberty and Security

Author: Conor Gearty

Publisher: John Wiley & Sons

Published: 2013-04-03

Total Pages: 108

ISBN-13: 0745669980

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All aspire to liberty and security in their lives but few people truly enjoy them. This book explains why this is so. In what Conor Gearty calls our 'neo-democratic' world, the proclamation of universal liberty and security is mocked by facts on the ground: the vast inequalities in supposedly free societies, the authoritarian regimes with regular elections, and the terrible socio-economic deprivation camouflaged by cynically proclaimed commitments to human rights. Gearty's book offers an explanation of how this has come about, providing also a criticism of the present age which tolerates it. He then goes on to set out a manifesto for a better future, a place where liberty and security can be rich platforms for everyone's life. The book identifies neo-democracies as those places which play at democracy so as to disguise the injustice at their core. But it is not just the new 'democracies' that have turned 'neo', the so-called established democracies are also hurtling in the same direction, as is the United Nations. A new vision of universal freedom is urgently required. Drawing on scholarship in law, human rights and political science this book argues for just such a vision, one in which the great achievements of our democratic past are not jettisoned as easily as were the socialist ideals of the original democracy-makers.


The Unconscious in Social and Political Life

The Unconscious in Social and Political Life

Author: David Morgan

Publisher: Phoenix Publishing House

Published: 2019-07-14

Total Pages: 302

ISBN-13: 1912691175

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Traumatic events happen in every age, yet there is a particularly cataclysmic feeling to our own epoch that is so attractive to some and so terrifying to others. The terrible events of September 11th 2001 still resonate and the repercussions continue to this day: the desperation of immigrants fleeing terror, the uncertainty of Brexit, Donald Trump in the White House, the rise of the alt-right and hard left, increasing fundamentalism, and terror groups intent on causing destruction to the Western way of life. If that were not enough, we also have to grapple with the enormity of climate change and the charge that if we do not act now, it will be too late. Is it any wonder many are left overwhelmed by the events they see on the news? Galvanised by the events outside of his consulting room, in 2015, David Morgan began The Political Mind seminars at the British Psychoanalytical Society and their successful run continues today. A series of superlative seminars, mostly presented by colleagues from the British Society plus a few select external experts, that examine a dazzling array of relevant topics to provide a psychoanalytic understanding of just what is going on in our world. This book is the first in The Political Mind series to bring these seminars to a wider audience. The Unconscious in Political and Social Life contains compelling contributions from Christopher Bollas, Michael Rustin, Jonathan Sklar, David Bell, Philip Stokoe, Roger Kennedy, David Morgan, M. Fakhry Davids, Ruth McCall, R. D. Hinshelwood, Renée Danziger, Josh Cohen, Sally Weintrobe, and Margot Waddell. They investigate so many vital issues affecting us today: the evolution of democracy, right-wing populism, prejudice, the rise of the far right, attitudes to refugees and migrants, neoliberalism, fundamentalism, terrorism, the Palestine-Israel situation, political change, feminism, austerity in the UK, financial globalisation, and climate change. This book needs to be read by all who are concerned by the state of the world today. Psychoanalysis and psychoanalysts with their awareness of what motivates human beings bring clarity and fresh insight to these matters. A deeper understanding of humanity awaits the reader of The Unconscious in Political and Social Life.


The Age of Surveillance Capitalism

The Age of Surveillance Capitalism

Author: Shoshana Zuboff

Publisher: PublicAffairs

Published: 2019-01-15

Total Pages: 683

ISBN-13: 1610395700

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The challenges to humanity posed by the digital future, the first detailed examination of the unprecedented form of power called "surveillance capitalism," and the quest by powerful corporations to predict and control our behavior. In this masterwork of original thinking and research, Shoshana Zuboff provides startling insights into the phenomenon that she has named surveillance capitalism. The stakes could not be higher: a global architecture of behavior modification threatens human nature in the twenty-first century just as industrial capitalism disfigured the natural world in the twentieth. Zuboff vividly brings to life the consequences as surveillance capitalism advances from Silicon Valley into every economic sector. Vast wealth and power are accumulated in ominous new "behavioral futures markets," where predictions about our behavior are bought and sold, and the production of goods and services is subordinated to a new "means of behavioral modification." The threat has shifted from a totalitarian Big Brother state to a ubiquitous digital architecture: a "Big Other" operating in the interests of surveillance capital. Here is the crucible of an unprecedented form of power marked by extreme concentrations of knowledge and free from democratic oversight. Zuboff's comprehensive and moving analysis lays bare the threats to twenty-first century society: a controlled "hive" of total connection that seduces with promises of total certainty for maximum profit -- at the expense of democracy, freedom, and our human future. With little resistance from law or society, surveillance capitalism is on the verge of dominating the social order and shaping the digital future -- if we let it.


Lone Star State of Mind

Lone Star State of Mind

Author: Don Erler

Publisher: Lexington Books

Published: 2002

Total Pages: 216

ISBN-13: 9780739104507

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Unifying themes on the need for a vigorous defense of popular government and the benefits of capitalism are interwoven with discussions of censorship, abortion, terrorism, capital punishment, and education.


Foucault and Neoliberalism

Foucault and Neoliberalism

Author: Daniel Zamora

Publisher: John Wiley & Sons

Published: 2016-01-06

Total Pages: 155

ISBN-13: 1509501800

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Michel Foucault's death in 1984 coincided with the fading away of the hopes for social transformation that characterized the postwar period. In the decades following his death, neoliberalism has triumphed and attacks on social rights have become increasingly bold. If Foucault was not a direct witness of these years, his work on neoliberalism is nonetheless prescient: the question of liberalism occupies an important place in his last works. Since his death, Foucault's conceptual apparatus has acquired a central, even dominant position for a substantial segment of the world's intellectual left. However, as the contributions to this volume demonstrate, Foucault's attitude towards neoliberalism was at least equivocal. Far from leading an intellectual struggle against free market orthodoxy, Foucault seems in many ways to endorse it. How is one to understand his radical critique of the welfare state, understood as an instrument of biopower? Or his support for the pandering anti-Marxism of the so-called new philosophers? Is it possible that Foucault was seduced by neoliberalism? This question is not merely of biographical interest: it forces us to confront more generally the mutations of the left since May 1968, the disillusionment of the years that followed and the profound transformations in the French intellectual field over the past thirty years. To understand the 1980s and the neoliberal triumph is to explore the most ambiguous corners of the intellectual left through one of its most important figures.


Market in State

Market in State

Author: Yongnian Zheng

Publisher: Cambridge University Press

Published: 2018-09-06

Total Pages: 493

ISBN-13: 110847344X

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Uses the framework of 'market in state', to argue that the Chinese economy is state-centered, dominated by political principles over economic principles.