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An Engine, Not a Camera
In An Engine, Not a Camera, Donald MacKenzie argues that the emergence of modern economic theories of finance affected financial markets in fundamental ways. These new, Nobel Prize-winning theories, based on elegant mathematical models of markets, were not simply external analyses but intrinsic parts of economic processes. Paraphrasing Milton Friedman, MacKenzie says that economic models are an engine of inquiry rather than a camera to reproduce empirical facts. More than that, the emergence of an authoritative theory of financial markets altered those markets fundamentally. For example, in 1970, there was almost no trading in financial derivatives such as "futures." By June of 2004, derivatives contracts totaling $273 trillion were outstanding worldwide. MacKenzie suggests that this growth could never have happened without the development of theories that gave derivatives legitimacy and explained their complexities. MacKenzie examines the role played by finance theory in the two most serious crises to hit the world's financial markets in recent years: the stock market crash of 1987 and the market turmoil that engulfed the hedge fund Long-Term Capital Management in 1998. He also looks at finance theory that is somewhat beyond the mainstream—chaos theorist Benoit Mandelbrot's model of "wild" randomness. MacKenzie's pioneering work in the social studies of finance will interest anyone who wants to understand how America's financial markets have grown into their current form.
Construction Technology
This new textbook provides a comprehensive introduction to every aspect of the technology of low-rise construction. It includes sub-structure (site work, setting out and foundations) and superstructure (flooring, roofs, finishes, fittings and fixtures). The material here covers the first year course requirement of all courses on which construction technology is taught - no matter what the ultimate qualification. It offers tried and tested solutions to a range of construction problems and is organised following the sequence of construction. It will show what has been done in the past, demonstrating good practice - what works and what doesn't - and common faults. There are summaries of the more important BSI documents and reference to the latest building regulations. Lengthy explanations are avoided by relying heavily on hundreds of illustrations, pairing detail drawings with clear photographs to show real life construction situations. The supporting spreadsheet referred to in the book can be found at this link http://www.blackwellpublishing.com/pdf/fleming/Fleming_spreadsheet.xls
Board of Contract Appeals Decisions
Author: United States. Armed Services Board of Contract Appeals
language: en
Publisher:
Release Date: 1994
The full texts of Armed Services and othr Boards of Contract Appeals decisions on contracts appeals.