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An integrated framework to study the theoretical and quantitative properties of economies with frictions in labor, financial, and goods markets.This book offers an integrated framework to study the theoretical and quantitative properties of economies with frictions in multiple markets. Building on analyses of markets with frictions by 2010 Nobel laureates Peter A. Diamond, Dale T. Mortensen, and Christopher A. Pissarides, which provided a new theoretical approach to search markets, the book applies this new paradigm to labor, finance, and goods markets. It shows, in particular, how frictions in different markets interact with each other.The book first covers the main developments in the analysis of the labor market in the presence of frictions, offering a systematic analysis of the dynamics of this environment and explaining the notion of macroeconomic volatility. Then, building on the generality and simplicity of the search analysis, the book adapts it to other markets, developing the tools and concepts to analyze friction in these markets. The book goes beyond the traditional general equilibrium analysis of markets, which is often frictionless. It begins with the standard analysis of a single market, and then sequentially integrates more markets into the analysis, progressing from labor to financial to goods markets. Along the way, the book provides a number of useful results and insights, including the existence of a direct link between search frictions and the degree of volatility in the economy.
The first textbook on micron-scale mobile robotics, introducing the fundamentals of design, analysis, fabrication, and control, and drawing on case studies of existing approaches.
Concise introductions to the main issues in energy policy and their interaction with environmental policies in the EU.
A concise and self-contained introduction to causal inference, increasingly important in data science and machine learning.The mathematization of causality is a relatively recent development, and has become increasingly important in data science and machine learning. This book offers a self-contained and concise introduction to causal models and how to learn them from data.After explaining the need for causal models and discussing some of the principles underlying causal inference, the book teaches readers how to use causal models: how to compute intervention distributions, how to infer causal models from observational and interventional data, and how causal ideas could be exploited for classical machine learning problems. All of these topics are discussed first in terms of two variables and then in the more general multivariate case. The bivariate case turns out to be a particularly hard problem for causal learning because there are no conditional independences as used by classical methods for solving multivariate cases. The authors consider analyzing statistical asymmetries between cause and effect to be highly instructive, and they report on their decade of intensive research into this problem. The book is accessible to readers with a background in machine learning or statistics, and can be used in graduate courses or as a reference for researchers. The text includes code snippets that can be copied and pasted, exercises, and an appendix with a summary of the most important technical concepts.
Perceptrons - the first systematic study of parallelism in computation - has remained a classical work on threshold automata networks for nearly two decades.
An analysis of how responsive governance has shaped the evolution of global fisheries in cyclical patterns of depletion and rebuilding dubbed the "management treadmill."
What happens when natural gas drilling moves into an urban area: how communities in North Texas responded to the environmental and health threats of fracking.
Physicians, philosophers, and theologians consider how to address death and dying for a diverse population in a secularized century.
An economist's perspective on the nuts and bolts of economic policymaking, based on his experience as the Chief Economic Adviser in India.
How big data is transforming the creative industries, and how those industries can use lessons from Netflix, Amazon, and Apple to fight back.
How better information and better access to it improves the quality of our decisions and makes for a more vibrant participatory society.
The work of art's mattering and materialization in a globalized world, with close readings of works by Takahashi Murakami, Andreas Gursky, Thomas Hirschhorn, and others.
How technologies can get it wrong in sports, and what the consequences are-referees undermined, fans heartbroken, and the illusion of perfect accuracy maintained.
Why our brains aren't built for media multitasking, and how we can learn to live with technology in a more balanced way.
How right-wing political entrepreneurs around the world use religious offense-both given and taken-to mobilize supporters and marginalize opponents.
An integrated, holistic model for infrastructure planning and design in developing countries.
An exploration of the need for innovative mechanisms of governance in an era when human actions are major drivers of environmental change.
Leading philosophers and scholars speculate on what Heidegger's unfinished masterpiece might have said, why Heidegger didn't publish it, and what being actually means.Heidegger's Being and Time is one of the most influential and important books in the history of philosophy, but it was left unfinished. The parts we have of it, Divisions I and II of Part One, were meant to be merely preparatory for the unwritten Division III, which was to have formed the point of the entire book when it turned to the topic of being itself. In this book, leading Heidegger scholars and philosophers influenced by Heidegger take up the unanswered questions in Heidegger's masterpiece, speculating on what Division III would have said, and why Heidegger never published it. The contributors' task—to produce a secondary literature on a nonexistent primary work—seems one out of fiction by Borges or Umberto Eco. Why did Heidegger never complete Being and Time? Did he become dissatisfied with it? Did he judge it too subjectivistic, not historical enough, too individualistic, too existential? Was abandoning it part of Heidegger's "Kehre”, his supposed turning from his early work to his later work? Might Division III have offered a bridge between the two phases, if a division exists between them? And what does being mean, after all? The contributors, in search of lost Being and Time, consider these and other topics, shedding new light on Heidegger's thought.ContributorsAlain Badiou, Lee Braver, Daniel Dahlstrom, Charles Guignon, Graham Harman, Karsten Harries, Ted Kisiel, Denis McManus, Eric S. Nelson, Richard Polt, François Raffoul, Thomas Sheehan, Iain Thomson, Kate Withy, Julian Young
Groundbreaking essays and commentaries on the ways that recent findings in psychology and neuroscience illuminate virtue and character and related issues in philosophy.
Analysis of Latin America's economy focusing on development, covering the colonial roots of inequality, boom and bust cycles, labor markets, and fiscal and monetary policy.Latin America is richly endowed with natural resources, fertile land, and vibrant cultures. Yet the region remains much poorer than its neighbors to the north. Most Latin American countries have not achieved standards of living and stable institutions comparable to those found in developed countries, have experienced repeated boom-bust cycles, and remain heavily reliant on primary commodities. This book studies the historical roots of Latin America's contemporary economic and social development, focusing on poverty and income inequality dating back to colonial times. It addresses today's legacies of the market-friendly reforms that took hold in the 1980s and 1990s by examining successful stabilizations and homemade monetary and fiscal institutional reforms. It offers a detailed analysis of trade and financial liberalization, twenty-first century-growth, and the decline in poverty and income inequality. Finally, the book offers an overall analysis of inclusive growth policies for development—including gender issues and the informal sector—and the challenges that lie ahead for the region, with special attention to pressing demands by the vibrant and vocal middle class, youth unemployment, and indigenous populations.
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