Business & Economics

The Future of Futures

The Time of Money in Financing and Society

Author: Elena Esposito

Publisher: Edward Elgar Publishing

ISBN: 1849809119

Category: Business & Economics

Page: 256

View: 3270

'Within the cacophony of voices trying to explain the recent financial crisis, Elena Esposito's voice sounds clear and deep. Steering away from simplistic condemnations and equally simplistic prescriptions for betterment, she connects the very invention of derivatives to that eternal human hope – of controlling the future. While the task is impossible, the attempts never stop, and the very process of attempting it brings some consolation. And while derivatives can be seen, claim sociologists of finance, as performative, that is shaping the future they promise to control, even this is far from certain. Esposito's fascinating and beautiful work is an important contribution to the sociology of finance, a subdiscipline of sociology that took on itself an extremely important task of explaining how the finance markets really work.'– Barbara Czarniawska, University of Gothenburg, Sweden'This is a brilliant and timely book that shows how financing is centrally implicated in the very unpredictability and uncertainty it purports to master. With the incisiveness characteristic of her style and writing, Esposito reads economics in innovative ways that disclose the hidden premises by which financial instruments trade and consume the prospects of the future.' – Jannis Kallinikos, London School of Economics, UK'Elena Esposito's analysis of financial markets and of their recent decline is radically different from the analyses which can be found in economic journals or books. Financial operations are reduced to their basic dimensions: time and money. Under this perspective, what is sold on financial markets is the possibility for the creation of commitments in the course of time, the possibility for the combination of these commitments with one another, and the identification of chances for the achievement of profit opportunities through the creation of specific combinations. The author argues that the recent crisis of the financial system was caused by oversimplified visions of the future and of risk leading to the consequence that options were not available in the present because all possibilities had been used up by the future. This oversimplified vision of the future imploded, and trust with it. The state tried to reconstruct options for the future in order to open up new possibilities and chances for learning. The author does not deliver recipes on how to prevent severe crises of the financial system in the future. Yet, her concept facilitates understanding of how financial futures are opened up or closed and thus provides insights into basic principles on whose basis future opportunities can be kept open and trust can be maintained. Innovative reforms of the financial system can only develop on the basis of unconventional analyses. Elena Esposito's book contains an analysis of this kind.'– Alfred Kieser, Mannheim University, Germany'Elena Esposito's book is a fundamental analysis of time in economics. With economic rigour underpinned by sociological reasoning, she explains the futures market more clearly than is possible with economic analysis alone. Economic concepts are considered in terms of time – actors deal in the present with future risks by transferring these risks to the present situation. As a result, we get more options and more risks at the same time: at present. No equilibrium will balance these trades because of the asymmetry of time: our actual decisions deal with our imagination of the future, that is, with the future of the present, but the results will be realized in the presence of the future – different modalities of time. The book is a sound reflection on modelling time in economic theory, a "must" for economists.'– Birger P. Priddat, Witten/Herdecke University, Germany'The Future of Futures is an original and intellectually provocative book which forces the reader to think. Esposito's essay fulfils two rather different functions. On the one hand, it brings new and persuasive arguments to bear against the erroneous thesis that the present financial crisis is merely due to human mistakes and to some specific government failures. On the other hand, the book suggests that only by reconsidering the role of time in the economy is it possible to make full sense of the crisis and to re-orient in a desired direction the future movements of money. It is a well-known fact that traditional economics has always adhered to a spatial conception of time, according to which time, like space, is perfectly reversible. Whence its inability both to understand how economies develop and to prescribe adequate policies. The author's proposal is to move steps ahead in the direction of an analysis of an economy in time, where both historical time and time as duration can find a place. Esposito's well-written, jargon-free book will capture the attention of anyone seriously interested in the future of our market systems.'– Stefano Zamagni, University of Bologna and Johns Hopkins University, Bologna Center, Italy This book reconstructs the dynamics of economics, beginning explicitly with the role and the relevance of time: money uses the future in order to generate present wealth. Financial markets sell and buy risk, thereby binding the future. Elena Esposito explains that complex risk management techniques of structured finance produce new and uncontrolled risks because they use a simplified idea of the future, failing to account for how the future reacts to attempts at controlling it. During the recent financial crisis, the future had already been used (through securitizations, derivatives and other tools) to the extent that we had many futures, but no open future available.
Social Science

The Future

Author: Marc Auge

Publisher: Verso Books

ISBN: 1781685681

Category: Social Science

Page: 112

View: 1476

For Marc Augé, best-selling author of Non-Places, the prevailing idea of “the Future” rests on our present fears of the contemporary world. It is to the future that we look for redemption and progress; but it is also where we project our personal and apocalyptic anxieties. By questioning notions of certainty, truth, and totality, Augé finds ways to separate the future from our eternal, terrified present and liberates the mind to allow it to conceptualize our possible futures afresh. From the Trade Paperback edition.
Political Science

Rescuing All Our Futures

The Future of Futures Studies

Author: Ziauddin Sardar

Publisher: Praeger Publishers

ISBN: 9780275965594

Category: Political Science

Page: 258

View: 2237

Argues that the discipline of future studies is dominated by a single, myopic vision that is incapable of seeing outside the framework of western thought.
Nature

Transforming the Future (Open Access)

Anticipation in the 21st Century

Author: Riel Miller

Publisher: Routledge

ISBN: 1351047981

Category: Nature

Page: 276

View: 4200

People are using the future to search for better ways to achieve sustainability, inclusiveness, prosperity, well-being and peace. In addition, the way the future is understood and used is changing in almost all domains, from social science to daily life. This book presents the results of significant research undertaken by UNESCO with a number of partners to detect and define the theory and practice of anticipation around the world today. It uses the concept of ‘Futures Literacy’ as a tool to define the understanding of anticipatory systems and processes – also known as the Discipline of Anticipation. This innovative title explores: •?new topics such as Futures Literacy and the Discipline of Anticipation; • the evidence collected from over 30 Futures Literacy Laboratories and presented in 14 full case studies; •?the need and opportunity for significant innovation in human decision-making systems. This book will be of great interest to scholars, researchers, policy-makers and students, as well as activists working on sustainability issues and innovation, future studies and anticipation studies.
Computers

Collaborative Futures

Author: Mike Linksvayer,Michael Mandiberg,Mushon Zer-Aviv

Publisher: Lowercase Press

ISBN: 9780984475018

Category: Computers

Page: 182

View: 7457

The true nature of collaborative culture as a form of creative expression in the context of digital and network technologies has remained elusive, a buzzword often falling prey to corporate and ideological interests. This book was collaboratively written by six authors, as an experimental five day Book Sprint in January 2010. Developed under the aegis of transmediale.10, this third publication in the festival's parcours series resulted in the initiation of a new vocabulary on the forms, media and goals of collaborative practice. In June 2010, the book was rewritten as a part of the Re: Group exhibition at Eyebeam, NY. This second edition invited three new authors to challenge the free culture sentiment underlying the original writing. The result is a deliberately multi-voiced tone pondering the merits and shortcomings of this new emerging ideology
Literary Criticism

Science Fiction and the Prediction of the Future

Essays on Foresight and Fallacy

Author: Gary Westfahl,,Wong Kin Yuen

Publisher: McFarland

ISBN: 0786484764

Category: Literary Criticism

Page: 271

View: 6352

Science fiction has always challenged readers with depictions of the future. Can the genre actually provide glimpses of the world of tomorrow? This collection of fifteen international and interdisciplinary essays examines the genre’s predictions and breaks new ground by considering the prophetic functions of science fiction films as well as SF literature. Among the texts and topics examined are classic stories by Murray Leinster, C. L. Moore, and Cordwainer Smith; 2001: A Space Odyssey and its sequels, Japanese anime and Hong Kong cinema; and electronic fiction.
Language Arts & Disciplines

Projecting the Future through Political Discourse

The case of the Bush doctrine

Author: Patricia L. Dunmire

Publisher: John Benjamins Publishing

ISBN: 9027286930

Category: Language Arts & Disciplines

Page: 218

View: 5345

This monograph examines the rhetorical nature and function of representations of the future in political discourse, focusing on political actors’ use of hegemonic images of future “reality” to achieve their political goals. It argues that a key ideological dimension of political rhetoric lies in politicians’ use of projections of the future to legitimate policies and actions. This argument is grounded in systemic-functional and critical discourse analyses of the “Bush Doctrine,” the U.S. policy response to the September 11 terrorist attacks which sanctioned a “preemptive” military posture. By focusing on the discursive construction of the future, this project addresses a lacunae in critical discourse studies and calls attention to the crucial role that the discourse and practice of “futurology” has played in post-Cold War politics and society. It will be of value to scholars interested in the discourses of politics, the “war on terror,” U.S. national security, and futurology.
Social Science

What is the Future?

Author: John Urry

Publisher: John Wiley & Sons

ISBN: 0745696570

Category: Social Science

Page: 200

View: 1968

Thinking about the future is essential for almost all organizations and societies. States, corporations, universities, cities, NGOs and individuals believe they cannot miss the future. But what exactly is the future? It remains a mystery ? perhaps the greatest mystery, especially because futures are unpredictable and often unknowable, the outcome of many factors, known and unknown. The future is rarely a simple extrapolation from the present. In this important book, John Urry seeks to capture the many efforts that have been made to anticipate, visualize and elaborate the future. This includes examining the methods used to model the future, from those of the RAND Corporation to imagined future worlds in philosophy, literature, art, film, TV and computer games. He shows that futures are often contested and saturated with different interests, especially in relation to future generations. He also shows how analyses of social institutions, practices and lives should be central to examining potential futures, and issues such as who owns the future. The future seems to be characterized by ?wicked problems?. There are multiple ?causes? and ?solutions?, long-term lock-ins and complex interdependencies, and different social groups have radically different frames for understanding what is at stake. Urry explores these issues through case-studies of 3D printing and the future of manufacturing, mobilities in the city, and the futures of energy and climate change.
Computers

The Future Internet

Alternative Visions

Author: Jenifer Winter,Ryota Ono

Publisher: Springer

ISBN: 331922994X

Category: Computers

Page: 232

View: 4942

Readers seeking to gain a handle on the internet's global expansion will find this book rich in scholarly foundations combined with cutting-edge discussion of emerging ICTs and services and the complex societal contexts in which they are embedded. To explore possibilities to the fullest extent, a sociotechnical systems approach is employed, focusing on the interplay of technical, social, cultural, political, and economic dynamics to explore alternative futures (ones that are not part of the dominant discourse about the internet). These shared perspectives are not well addressed elsewhere in current discussions. Awareness of these dynamics, and the fluidity of the future, is important, as humankind moves forward into the uncertain future. Due to the sociotechnical complexity of the Internet, policymakers, businesspeople, and academics worldwide have struggled to keep abreast of developments. This volume's approach is intended to stimulate dialogue between academics and practitioners on a topic that will affect most aspects of human life in the near-term future.
Business & Economics

The Study of the Future

An Introduction to the Art and Science of Understanding and Shaping Tomorrow's World

Author: Edward Cornish

Publisher: Transaction Publishers

ISBN: 9781412839259

Category: Business & Economics

Page: 307

View: 8419

This unique reference work - the companion volume to The Study of the Future- is designed to make the tools of future studies accessible to the general public as well as to professional futurists. Here for the first time in a single, convenient format are the organizations, individuals, books and periodicals, current research projects, educational programs, films, audio-tapes, and other resources that can help anyone concerned with exploring alternatives for the future.
Social Science

Biological Relatives

IVF, Stem Cells, and the Future of Kinship

Author: Sarah Franklin

Publisher: Duke University Press

ISBN: 0822378256

Category: Social Science

Page: 376

View: 872

Thirty-five years after its initial success as a form of technologically assisted human reproduction, and five million miracle babies later, in vitro fertilization (IVF) has become a routine procedure worldwide. In Biological Relatives, Sarah Franklin explores how the normalization of IVF has changed how both technology and biology are understood. Drawing on anthropology, feminist theory, and science studies, Franklin charts the evolution of IVF from an experimental research technique into a global technological platform used for a wide variety of applications, including genetic diagnosis, livestock breeding, cloning, and stem cell research. She contends that despite its ubiquity, IVF remains a highly paradoxical technology that confirms the relative and contingent nature of biology while creating new biological relatives. Using IVF as a lens, Franklin presents a bold and lucid thesis linking technologies of gender and sex to reproductive biomedicine, contemporary bioinnovation, and the future of kinship.
Business forecasting

The Future of Futures Studies

A Delphi Study with a German Perspective

Author: Jan Oliver Schwarz

Publisher: N.A

ISBN: 9783832250133

Category: Business forecasting

Page: 113

View: 6989

Education

Youth Futures

Comparative Research and Transformative Visions

Author: Jennifer Gidley,Sohail Inayatullah

Publisher: Greenwood Publishing Group

ISBN: 9780275974145

Category: Education

Page: 266

View: 5191

No, Wall Street is not yet offering stock options on children. Contributors from across wide ranges of discipline and culture offer views on young people's anticipation of the future and the role of education in shaping it. Among the topics are youth dissent, partnership education, decolonizing ways
Philosophy

Predicting the Future

An Introduction to the Theory of Forecasting

Author: Nicholas Rescher

Publisher: SUNY Press

ISBN: 1438417101

Category: Philosophy

Page: 224

View: 2378

Develops a general theory of prediction that encompasses its fundamental principles, methodology, and practice and gives an overview of its promises and problems.
History

The Future of the World

Futurology, Futurists, and the Struggle for the Post Cold War Imagination

Author: Jenny Andersson

Publisher: Oxford University Press

ISBN: 0192545515

Category: History

Page: 288

View: 7277

The Future of the World is devoted to the intriguing field of study which emerged after World War Two, futurism or futurology. Jenny Andersson explains how futurist scholars and researchers imagined the Cold War and post Cold War world and the tools and methods they would use to influence and change that world. Futurists were a motley crew of Cold War warriors, nuclear scientists, journalists, and peace activists. Some argued it should be a closed sphere of science defined by delimited probabilities. They were challenged by alternative notions of the future as a potentially open realm. Futurism also drew on an eclectic range of repertoires, some of which were deduced from positivist social science, mathematics, and nuclear physics, and some of which sprung from alternative forms of knowledge in science fiction, journalism, or religion. These different forms of prediction laid very different claims to how accurately futures could be known, and what kind of control could be exerted over what was yet to come. The Future of the World carefully examines these different engagements with the future, and inscribes them in the intellectual history of the post war period. Using unexplored archival collections, The Future of the World reconstructs the Cold War networks of futurologists and futurists.
Medical

The National Academies Keck Futures Initiative: The Future of Human Healthspan

Demography, Evolution, Medicine, and Bioengineering, Task Group Summaries

Author: The National Academies,The National Academies Keck Futures Initiative Healthspan Steering Committee

Publisher: National Academies Press

ISBN: 9780309178228

Category: Medical

Page: 140

View: 4936

An individual's healthspan can be defined as the length of time an individual is able to maintain good health. In 2007, over one hundred experts and researchers from public and private institutions across the nation convened to find new ways of addressing the human healthspan and the elusive nature of aging. Experts in public health, bioengineering, neuroscience and gerontology discussed how stress and lifestyle influence the decline of health at older ages. Other discussions focused on the integration of technology in the quality of life, gerontology, regenerative medicine and life expectancy with regard to social and behavioral traits. Still, other groups explored topics such as the cellular and molecular mechanisms of biological aging, the effects of exercise on the human healthspan, and changes in social context to enhance functional status of the elderly. Most importantly, experts agreed that it was imperative to ensure that the elderly have access to medical services by establishing relationships with health care and insurance providers.
Technology & Engineering

The National Academies Keck Futures Initiative: Seeing the Future with Imaging Science

Interdisciplinary Research Team Summaries

Author: The National Academies Keck Futures Initiatives

Publisher: National Academies Press

ISBN: 0309209099

Category: Technology & Engineering

Page: 142

View: 1127

Imaging science has the power to illuminate regions as remote as distant galaxies, and as close to home as our own bodies. Many of the disciplines that can benefit from imaging share common technical problems, yet researchers often develop ad hoc methods for solving individual tasks without building broader frameworks that could address many scientific problems. At the 2010 National Academies Keck Futures Initiative Conference on Imaging Science, researchers from academia, industry, and government formed 14 interdisciplinary teams created to find a common language and structure for developing new technologies, processing and recovering images, mining imaging data, and visualizing it effectively. The teams spent nine hours over two days exploring diverse challenges at the interface of science, engineering, and medicine. NAKFI Seeing the Future with Imaging Science contains the summaries written by each team. These summaries describe the problem and outline the approach taken, including what research needs to be done to understand the fundamental science behind the challenge, the proposed plan for engineering the application, the reasoning that went into it, and the benefits to society of the problem solution.