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: 6640

'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.
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: 5226

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.
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: 2295

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.
Science

Knowing Tomorrow?

How Science Deals with the Future

Author: Patrick A. Duin

Publisher: Eburon Uitgeverij B.V.

ISBN: 9059722299

Category: Science

Page: 222

View: 3400

In a society characterized by turbulence and change, predicting the future has become an invaluable skill for managers, politicians, and scientists alike. As a result, scientific researchers have become increasingly interested in the study of the future. In Knowing Tomorrow?, an international team of contributors analyzes how the concept of the future is being addressed across academic disciplines. From the perspectives as varied as psychology, philosophy, economics, and astronomy, this groundbreaking volume examines how scholars have incorporated the future in their work. By illustrating how future research can be applied and evaluated, Knowing Tomorrow? establishes this growing field as a discipline in its own right.
Forecasting Periodicals

Futures

Author: Institute for the Future

Publisher: N.A

ISBN: N.A

Category: Forecasting Periodicals

Page: N.A

View: 2243

Education

Youth Futures

Comparative Research and Transformative Visions

Author: Jennifer Gidley,Sohail Inayatullah

Publisher: Greenwood Publishing Group

ISBN: 9780275974145

Category: Education

Page: 266

View: 1285

Provides comparative empirical research from around the world on how youth see the future.
Social Science

What is the Future?

Author: John Urry

Publisher: John Wiley & Sons

ISBN: 0745696570

Category: Social Science

Page: 200

View: 7257

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.
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: 2955

Philosophy

The Problems of Philosophy

Author: Bertrand Russell

Publisher: Courier Corporation

ISBN: 048612116X

Category: Philosophy

Page: 128

View: 779

Accessible, thought-provoking study by Nobel Prize-winner considers distinction between appearance and reality, existence and nature of matter, idealism, inductive logic, intuitive knowledge, many other stimulating subjects.
Futures

Futures and Options

Author: Donald Spence

Publisher: Global Professional Publishi

ISBN: 9781888998603

Category: Futures

Page: 300

View: 3299

An overview of the current state of the futures and options markets, providing an introduction and overview of markets and industry practices, as well as guidance on a wide range of issues. Topics include markets, instruments, and trading; regulation and management; and the future of futures. Append
Philosophy

Predicting the Future

An Introduction to the Theory of Forecasting

Author: Nicholas Rescher

Publisher: SUNY Press

ISBN: 1438417101

Category: Philosophy

Page: 224

View: 9116

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

Futures Past

On the Semantics of Historical Time

Author: Reinhart Koselleck

Publisher: Columbia University Press

ISBN: 0231502044

Category: History

Page: 348

View: 3162

Modernity in the late eighteenth century transformed all domains of European life -intellectual, industrial, and social. Not least affected was the experience of time itself: ever-accelerating change left people with briefer intervals of time in which to gather new experiences and adapt. In this provocative and erudite book Reinhart Koselleck, a distinguished philosopher of history, explores the concept of historical time by posing the question: what kind of experience is opened up by the emergence of modernity? Relying on an extraordinary array of witnesses and texts from politicians, philosophers, theologians, and poets to Renaissance paintings and the dreams of German citizens during the Third Reich, Koselleck shows that, with the advent of modernity, the past and the future became 'relocated' in relation to each other.The promises of modernity -freedom, progress, infinite human improvement -produced a world accelerating toward an unknown and unknowable future within which awaited the possibility of achieving utopian fulfillment. History, Koselleck asserts, emerged in this crucial moment as a new temporality providing distinctly new ways of assimilating experience. In the present context of globalization and its resulting crises, the modern world once again faces a crisis in aligning the experience of past and present. To realize that each present was once an imagined future may help us once again place ourselves within a temporality organized by human thought and humane ends as much as by the contingencies of uncontrolled events.
Computers

Concurrent Programming on Windows

Author: Joe Duffy

Publisher: Pearson Education

ISBN: 9780321604415

Category: Computers

Page: 1008

View: 4572

“When you begin using multi-threading throughout an application, the importance of clean architecture and design is critical. . . . This places an emphasis on understanding not only the platform’s capabilities but also emerging best practices. Joe does a great job interspersing best practices alongside theory throughout his book.” – From the Foreword by Craig Mundie, Chief Research and Strategy Officer, Microsoft Corporation Author Joe Duffy has risen to the challenge of explaining how to write software that takes full advantage of concurrency and hardware parallelism. In Concurrent Programming on Windows, he explains how to design, implement, and maintain large-scale concurrent programs, primarily using C# and C++ for Windows. Duffy aims to give application, system, and library developers the tools and techniques needed to write efficient, safe code for multicore processors. This is important not only for the kinds of problems where concurrency is inherent and easily exploitable—such as server applications, compute-intensive image manipulation, financial analysis, simulations, and AI algorithms—but also for problems that can be speeded up using parallelism but require more effort—such as math libraries, sort routines, report generation, XML manipulation, and stream processing algorithms. Concurrent Programming on Windows has four major sections: The first introduces concurrency at a high level, followed by a section that focuses on the fundamental platform features, inner workings, and API details. Next, there is a section that describes common patterns, best practices, algorithms, and data structures that emerge while writing concurrent software. The final section covers many of the common system-wide architectural and process concerns of concurrent programming. This is the only book you’ll need in order to learn the best practices and common patterns for programming with concurrency on Windows and .NET.
Political Science

The Futures Research Directory

Individuals

Author: World Future Society

Publisher: Transaction Publishers

ISBN: 9780930242305

Category: Political Science

Page: 246

View: 2637

The World Future Society is an independent, nonprofit, scientific and educational organization concerned with how people will live in the coming decades. Founded in 1966, the Society currently has over 25,000 members worldwide. Individuals and groups from all nations are eligible to join the Society and participate in its programs and activities. The Society publishes a number of periodicals and books, sponsors local chapters, and holds conferences and assemblies. The publications include THE FUTURIST, a bimonthly magazine reporting trends, forecasts, and ideas about the future; FUTURE SURVEY, a monthly digest of abstracts of futures-relevant literature; and FUTURES RESEARCH QUARTERLY, a professional journal providing information on more technical future-oriented topics. The Society also maintains a unique bookstore that enables members to purchase future-related books, cassette recordings of Society conference sessions, videocassettes, and more, all at special member prices. Chapters of the World Future Society are active in both the United States and abroad. Chapters offer speakers, educational courses, seminars, and other opportunities for members in local areas to meet and work together. World Future Society conferences and general assemblies provide opportunities to hear and meet many outstanding thinkers. The Society's next major conference will be held in Washington, B.C., in August 1989.
History

Medieval Futures

Attitudes to the Future in the Middle Ages

Author: Ian P. Wei

Publisher: Boydell & Brewer

ISBN: 0851157793

Category: History

Page: 188

View: 2458

Studies of varied ways in which medieval people imagined the future, reasons behind such representations, and the implications for an understanding of medieval society as a whole.
Reference

Routledge International Encyclopedia of Women

Global Women's Issues and Knowledge

Author: Cheris Kramarae,Dale Spender

Publisher: Routledge

ISBN: 1135963150

Category: Reference

Page: 2050

View: 7161

For a full list of entries and contributors, sample entries, and more, visit the Routledge International Encyclopedia of Women website. Featuring comprehensive global coverage of women's issues and concerns, from violence and sexuality to feminist theory, the Routledge International Encyclopedia of Women brings the field into the new millennium. In over 900 signed A-Z entries from US and Europe, Asia, the Americas, Oceania, and the Middle East, the women who pioneered the field from its inception collaborate with the new scholars who are shaping the future of women's studies to create the new standard work for anyone who needs information on women-related subjects.