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An inside look at the role and future of central banking in the global economy

The crash of 2008 revealed that the world's central banks had failed to offset the financial imbalances that led to the crisis, and lacked the tools to respond effectively. What lessons should central banks learn from the experience, and how, in a global financial system, should cooperation between them be enhanced? Banking on the Future provides a fascinating insider's look into how central banks have evolved and why they are critical to the functioning of market economies. The book asks whether, in light of the recent economic fallout, the central banking model needs radical reform.

Supported by interviews with leading central bankers from around the world, and informed by the latest academic research, Banking on the Future considers such current issues as the place of asset prices and credit growth in anti-inflation policy, the appropriate role for central banks in banking supervision, the ways in which central banks provide liquidity to markets, the efficiency and cost-effectiveness of central banks, the culture and individuals working in these institutions, as well as the particular issues facing emerging markets and Islamic finance. Howard Davies and David Green set out detailed policy recommendations, including a reformulation of monetary policy, better metrics for financial stability, closer links with regulators, and a stronger emphasis on international cooperation.

Exploring a crucial sector of the global economic system, Banking on the Future offers new ideas for restoring financial strength to the foundations of central banking.

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Why is life worth living? What makes actions right or wrong? What is reality and how do we know it? The Brain and the Meaning of Life draws on research in philosophy, psychology, and neuroscience to answer some of the most pressing questions about life's nature and value. Paul Thagard argues that evidence requires the abandonment of many traditional ideas about the soul, free will, and immortality, and shows how brain science matters for fundamental issues about reality, morality, and the meaning of life. The ongoing Brain Revolution reveals how love, work, and play provide good reasons for living.  Defending the superiority of evidence-based reasoning over religious faith and philosophical thought experiments, Thagard argues that minds are brains and that reality is what science can discover. Brains come to know reality through a combination of perception and reasoning. Just as important, our brains evaluate aspects of reality through emotions that can produce both good and bad decisions. Our cognitive and emotional abilities allow us to understand reality, decide effectively, act morally, and pursue the vital needs of love, work, and play. Wisdom consists of knowing what matters, why it matters, and how to achieve it.  The Brain and the Meaning of Life shows how brain science helps to answer questions about the nature of mind and reality, while alleviating anxiety about the difficulty of life in a vast universe. The book integrates decades of multidisciplinary research, but its clear explanations and humor make it accessible to the general reader.

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Why supernatural beliefs are at odds with a true understanding of the afterlife

In this extraordinary book, Mark Johnston sets out a new understanding of personal identity and the self, thereby providing a purely naturalistic account of surviving death.

Death threatens our sense of the importance of goodness. The threat can be met if there is, as Socrates said, "something in death that is better for the good than for the bad." Yet, as Johnston shows, all existing theological conceptions of the afterlife are either incoherent or at odds with the workings of nature. These supernaturalist pictures of the rewards for goodness also obscure a striking consilience between the philosophical study of the self and an account of goodness common to Judaism, Christianity, Hinduism, and Buddhism: the good person is one who has undergone a kind of death of the self and who lives a life transformed by entering imaginatively into the lives of others, anticipating their needs and true interests. As a caretaker of humanity who finds his or her own death comparatively unimportant, the good person can see through death.

But this is not all. Johnston's closely argued claims that there is no persisting self and that our identities are in a particular way "Protean" imply that the good survive death. Given the future-directed concern that defines true goodness, the good quite literally live on in the onward rush of humankind. Every time a baby is born a good person acquires a new face.

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Most people, including philosophers, tend to classify human motives as falling into one of two categories: the egoistic or the altruistic, the self-interested or the moral. According to Susan Wolf, however, much of what motivates us does not comfortably fit into this scheme. Often we act neither for our own sake nor out of duty or an impersonal concern for the world. Rather, we act out of love for objects that we rightly perceive as worthy of love--and it is these actions that give meaning to our lives. Wolf makes a compelling case that, along with happiness and morality, this kind of meaningfulness constitutes a distinctive dimension of a good life. Written in a lively and engaging style, and full of provocative examples, Meaning in Life and Why It Matters is a profound and original reflection on a subject of permanent human concern.

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Susan Wolf, John Koethe, Jonathan Haidt, Robert M. Adams, Nomy Arpaly, Stephen Macedo

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Republic, Leviathan, and The Communist Manifesto

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Why Plato, Hobbes, and Marx are greatdespite their arguments

Plato's Republic, Hobbes's Leviathan, and Marx's Communist Manifesto are universally acknowledged classics of Western political thought. But how strong are the core arguments on which they base their visions of the good society that they want to bring into being? In this lively and provocative book, W. G. Runciman shows where and why they fail, even after due allowance has been made for the different historical contexts in which they wrote. Plato, Hobbes, and Marx were all passionately convinced that justice, peace, and order could be established if only their teachings were implemented and the right people put into power. But Runciman makes a powerful case to the effect that all three were irredeemably naive in their assumptions about how human societies function and evolve and how human behavior could be changed. Yet despite this, Runciman insists that Republic, Leviathan, and The Communist Manifesto remain great books. Born of righteous anger and frustration, they are masterfully eloquent pleas for better worldsworlds that Plato, Hobbes, and Marx cannot bring themselves to admit to be unattainable.

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Cautionary Tales from the Front Lines of Science

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An in-depth look at scientific fraud

Fraud in science is not as easy to identify as one might think. When accusations of scientific misconduct occur, truth can often be elusive, and the cause of a scientist's ethical misstep isn't always clear. On Fact and Fraud looks at actual cases in which fraud was committed or alleged, explaining what constitutes scientific misconduct and what doesn't, and providing readers with the ethical foundations needed to discern and avoid fraud wherever it may arise.

In David Goodstein's varied experienceas a physicist and educator, and as vice provost at Caltech, a job in which he was responsible for investigating all allegations of scientific misconducta deceptively simple question has come up time and again: what constitutes fraud in science? Here, Goodstein takes us on a tour of real controversies from the front lines of science and helps readers determine for themselves whether or not fraud occurred. Cases include, among others, those of Robert A. Millikan, whose historic measurement of the electron's charge has been maligned by accusations of fraud; Martin Fleischmann and Stanley Pons and their "discovery" of cold fusion; Victor Ninov and the supposed discovery of element 118; Jan Hendrik Schon from Bell Labs and his work in semiconductors; and J. Georg Bednorz and Karl Muller's discovery of high-temperature superconductivity, a seemingly impossible accomplishment that turned out to be real.

On Fact and Fraud provides a user's guide to identifying, avoiding, and preventing fraud in science, along the way offering valuable insights into how modern science is practiced.

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An incomparable retrospective of writings by one of the world's great anthropologists

Clifford Geertz (19262006) was perhaps the most influential anthropologist of our time, but his influence extended far beyond his field to encompass all facets of contemporary life. Nowhere were his gifts for directness, humor, and steady revelation more evident than in the pages of the New York Review of Books, where for nearly four decades he shared his acute vision of the world in all its peculiarity. This book brings together the finest of Geertz's review essays from the New York Review along with a representative selection of later pieces written at the height of his powers, some that first appeared in periodicals such as Dissent, others never before published.

This collection exemplifies Geertz's extraordinary range of concerns, beginning with his first essay for the Review in 1967, in which he reviews, with muffled hilarity, the anthropologist Bronislaw Malinowski. This book includes Geertz's unflinching meditations on Western academia's encounters with the non-Western world, and on the shifting and clashing places of societies in the world generally. Geertz writes eloquently and arrestingly about such major figures as Gandhi, Foucault, and Genet, and on topics as varied as Islam, globalization, feminism, and the failings of nationalism.

Life among the Anthros and Other Essays demonstrates Geertz's uncommon wisdom and consistently keen and hopeful humor, confirming his status as one of our most important and enduring public intellectuals.

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A major history of Afghanistan and its changing political culture

Afghanistan traces the historic struggles and the changing nature of political authority in this volatile region of the world, from the Mughal Empire in the sixteenth century to the Taliban resurgence today. Thomas Barfield introduces readers to the bewildering diversity of tribal and ethnic groups in Afghanistan, explaining what unites them as Afghans despite the regional, cultural, and political differences that divide them. He shows how governing these peoples was relatively easy when power was concentrated in a small dynastic elite, but how this delicate political order broke down in the nineteenth and twentieth centuries when Afghanistan's rulers mobilized rural militias to expel first the British and later the Soviets. Armed insurgency proved remarkably successful against the foreign occupiers, but it also undermined the Afghan government's authority and rendered the country ever more difficult to govern as time passed. Barfield vividly describes how Afghanistan's armed factions plunged the country into a civil war, giving rise to clerical rule by the Taliban and Afghanistan's isolation from the world. He examines why the American invasion in the wake of September 11 toppled the Taliban so quickly, and how this easy victory lulled the United States into falsely believing that a viable state could be built just as easily.

Afghanistan is essential reading for anyone who wants to understand how a land conquered and ruled by foreign dynasties for more than a thousand years became the "graveyard of empires" for the British and Soviets, and what the United States must do to avoid a similar fate.

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The best guide to the birds of Perunow in a revised paperback edition

Birds of Peru is the most complete and authoritative field guide to this diverse, neotropical landscape. It features every one of Peru's 1,817 bird species and shows the distinct plumages of each in 307 superb, high-quality color plates. Concise descriptions and color distribution maps are located opposite the plates, making this book much easier to use in the field than standard neotropical field guides. This fully revised paperback edition includes twenty-five additional species.

A comprehensive guide to all 1,817 species found in Peruone fifth of the world's birds--with subspecies, sexes, age classes, and morphs fully illustratedDesigned especially for field use, with vivid descriptive information and helpful identification tips opposite color platesDetailed species accounts, including a full-color distribution mapIncludes 25 additional species not covered in the first editionFeatures 3 entirely new plates and more than 25 additional illustrations

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Thomas S. Schulenberg, Douglas F. Stotz, Daniel F. Lane, John P. O'Neill, Theodore A. Parker III, Dr. Antonio Brack Egg

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Seeds of Amazonian Plants is the first field guide to treat the extraordinary diversity of seeds and diaspores of plants commonly encountered in the Amazon and other lowland moist forests of the American tropics. This stunningly illustrated guide features an easy-to-use whole-plant approach to seed identification that provides detailed descriptions not only of the seeds but also of the habit, trunk, bark, leaves, infructescence, and fruit of Amazonian plants, as well as information about the known uses and distribution of each genus. Presenting these descriptions together with 750 full-color photos and a unique identification key, this premier field guide enables users to identify seeds of 544 genera and 131 families of plants.

The most comprehensive field guide to Amazonian seeds

Features 750 full-color photos that make identification easy

Covers 544 genera and 131 families of Amazonian plants

Describes seeds, habit, trunk, bark, leaves, infructescence, and fruit

Includes unique seed identification key

Compact, portable, and beautifully illustrated--the ideal field guide

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Everything you ever wanted to know about parasites but were too horrified to ask

In What's Eating You? Eugene Kaplan recounts the true and harrowing tales of his adventures with parasites, and in the process introduces readers to the intimately interwoven lives of host and parasite.

Kaplan has spent his life traveling the globe exploring oceans and jungles, and incidentally acquiring parasites in his gut. Here, he leads readers on an unforgettable journey into the bizarre yet oddly beautiful world of parasites. In a narrative that is by turns frightening, disgusting, and laugh-out-loud funny, Kaplan describes how drinking contaminated water can cause a three-foot-long worm to burst from your arm; how he "gave birth" to a parasite the size and thickness of a pencil while working in Israel; why you should never wave a dead snake in front of your privates; and why fleas are attracted to his wife. Kaplan tells stories about leeches feasting on soldiers in Vietnam; sea cucumbers with teeth in their anuses that seem to encourage the entry of symbiotic fish; the habits of parasites that cause dysentery, river blindness, and other horrifying diseases--and much, much more. Along the way, he explains the underlying science, including parasite evolution and host-parasite physiology.

Informative, frequently lurid, and hugely entertaining, this beautifully illustrated book is a must-read for health-conscious travelers, and anyone who has ever wondered if they picked up a tapeworm from that last sushi dinner.

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The Vexing Mathematics of Democracy, from Plato to the Present

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A lively history of the peculiar math of voting

Since the very birth of democracy in ancient Greece, the simple act of voting has given rise to mathematical paradoxes that have puzzled some of the greatest philosophers, statesmen, and mathematicians. Numbers Rule traces the epic quest by these thinkers to create a more perfect democracy and adapt to the ever-changing demands that each new generation places on our democratic institutions.

In a sweeping narrative that combines history, biography, and mathematics, George Szpiro details the fascinating lives and big ideas of great minds such as Plato, Pliny the Younger, Ramon Llull, Pierre Simon Laplace, Thomas Jefferson, Alexander Hamilton, John von Neumann, and Kenneth Arrow, among many others. Each chapter in this riveting book tells the story of one or more of these visionaries and the problem they sought to overcome, like the Marquis de Condorcet, the eighteenth-century French nobleman who demonstrated that a majority vote in an election might not necessarily result in a clear winner. Szpiro takes readers from ancient Greece and Rome to medieval Europe, from the founding of the American republic and the French Revolution to today's high-stakes elective politics. He explains how mathematical paradoxes and enigmas can crop up in virtually any voting arena, from electing a class president, a pope, or prime minister to the apportionment of seats in Congress.

Numbers Rule describes the trials and triumphs of the thinkers down through the ages who have dared the odds in pursuit of a just and equitable democracy.

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The essential beginner's guide to string theory

The Little Book of String Theory offers a short, accessible, and entertaining introduction to one of the most talked-about areas of physics today. String theory has been called the "theory of everything." It seeks to describe all the fundamental forces of nature. It encompasses gravity and quantum mechanics in one unifying theory. But it is unproven and fraught with controversy. After reading this book, you'll be able to draw your own conclusions about string theory.

Steve Gubser begins by explaining Einstein's famous equation E = mc2, quantum mechanics, and black holes. He then gives readers a crash course in string theory and the core ideas behind it. In plain English and with a minimum of mathematics, Gubser covers strings, branes, string dualities, extra dimensions, curved spacetime, quantum fluctuations, symmetry, and supersymmetry. He describes efforts to link string theory to experimental physics and uses analogies that nonscientists can understand. How does Chopin's Fantasie-Impromptu relate to quantum mechanics? What would it be like to fall into a black hole? Why is dancing a waltz similar to contemplating a string duality? Find out in the pages of this book.

The Little Book of String Theory is the essential, most up-to-date beginner's guide to this elegant, multidimensional field of physics.

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How nations move from war to peace

Is the world destined to suffer endless cycles of conflict and war? Can rival nations become partners and establish a lasting and stable peace? How Enemies Become Friends provides a bold and innovative account of how nations escape geopolitical competition and replace hostility with friendship. Through compelling analysis and rich historical examples that span the globe and range from the thirteenth century through the present, foreign policy expert Charles Kupchan explores how adversaries can transform enmity into amityand he exposes prevalent myths about the causes of peace.

Kupchan contends that diplomatic engagement with rivals, far from being appeasement, is critical to rapprochement between adversaries. Diplomacy, not economic interdependence, is the currency of peace; concessions and strategic accommodation promote the mutual trust needed to build an international society. The nature of regimes matters much less than commonly thought: countries, including the United States, should deal with other states based on their foreign policy behavior rather than on whether they are democracies. Kupchan demonstrates that similar social orders and similar ethnicities, races, or religions help nations achieve stable peace. He considers many historical successes and failures, including the onset of friendship between the United States and Great Britain in the early twentieth century, the Concert of Europe, which preserved peace after 1815 but collapsed following revolutions in 1848, and the remarkably close partnership of the Soviet Union and China in the 1950s, which descended into open rivalry by the 1960s.

In a world where conflict among nations seems inescapable, How Enemies Become Friends offers critical insights for building lasting peace.

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A provocative contribution to the climate justice debate

Climate change and justice are so closely associated that many people take it for granted that a global climate treaty shouldindeed, mustdirectly address both issues together. But, in fact, this would be a serious mistake, one that, by dooming effective international limits on greenhouse gases, would actually make the world's poor and developing nations far worse off. This is the provocative and original argument of Climate Change Justice. Eric Posner and David Weisbach strongly favor both a climate change agreement and efforts to improve economic justice. But they make a powerful case that the bestand possibly onlyway to get an effective climate treaty is to exclude measures designed to redistribute wealth or address historical wrongs against underdeveloped countries.

In clear language, Climate Change Justice proposes four basic principles for designing the only kind of climate treaty that will worka forward-looking agreement that requires every country to make greenhouse-gas reductions but still makes every country better off in its own view. This kind of treaty has the best chance of actually controlling climate change and improving the welfare of people around the world.

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The Myth of Talent and the Portability of Performance

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Why corporate stars often lose their luster after changing jobs

It is taken for granted in the knowledge economy that companies must employ the most talented performers to compete and succeed. Many firms try to buy stars by luring them away from competitors. But Boris Groysberg shows what an uncertain and disastrous practice this can be.

After examining the careers of more than a thousand star analysts at Wall Street investment banks, and conducting more than two hundred frank interviews, Groysberg comes to a striking conclusion: star analysts who change firms suffer an immediate and lasting decline in performance. Their earlier excellence appears to have depended heavily on their former firms' general and proprietary resources, organizational cultures, networks, and colleagues. There are a few exceptions, such as stars who move with their teams and stars who switch to better firms. Female stars also perform better after changing jobs than their male counterparts do. But most stars who switch firms turn out to be meteors, quickly losing luster in their new settings.

Groysberg also explores how some Wall Street research departments are successfully growing, retaining, and deploying their own stars. Finally, the book examines how its findings apply to many other occupations, from general managers to football players.

Chasing Stars offers profound insights into the fundamental nature of outstanding performance. It also offers practical guidance to individuals on how to manage their careers strategically, and to companies on how to identify, develop, and keep talent.

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How the fate of the Jews has been shaped by the development of capitalism

The unique historical relationship between capitalism and the Jews is crucial to understanding modern European and Jewish history. But the subject has been addressed less often by mainstream historians than by anti-Semites or apologists. In this book Jerry Muller, a leading historian of capitalism, separates myth from reality to explain why the Jewish experience with capitalism has been so important and complexand so ambivalent.

Drawing on economic, social, political, and intellectual history from medieval Europe through contemporary America and Israel, Capitalism and the Jews examines the ways in which thinking about capitalism and thinking about the Jews have gone hand in hand in European thought, and why anticapitalism and anti-Semitism have frequently been linked. The book explains why Jews have tended to be disproportionately successful in capitalist societies, but also why Jews have numbered among the fiercest anticapitalists and Communists. The book shows how the ancient idea that money was unproductive led from the stigmatization of usury and the Jews to the stigmatization of finance and, ultimately, in Marxism, the stigmatization of capitalism itself. Finally, the book traces how the traditional status of the Jews as a diasporic merchant minority both encouraged their economic success and made them particularly vulnerable to the ethnic nationalism of the nineteenth and twentieth centuries.

Providing a fresh look at an important but frequently misunderstood subject, Capitalism and the Jews will interest anyone who wants to understand the Jewish role in the development of capitalism, the role of capitalism in the modern fate of the Jews, or the ways in which the story of capitalism and the Jews has affected the history of Europe and beyond, from the medieval period to our own.

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How the King James Bible has influenced the style of the American novel from Melville to Cormac McCarthy

The simple yet grand language of the King James Bible has pervaded American culture from the beginningand its powerful eloquence continues to be felt even today. In this book, acclaimed biblical translator and literary critic Robert Alter traces some of the fascinating ways that American novelistsfrom Melville, Hemingway, and Faulkner to Bellow, Marilynne Robinson, and Cormac McCarthyhave drawn on the rich stylistic resources of the canonical English Bible to fashion their own strongly resonant styles and distinctive visions of reality. Showing the radically different manners in which the words, idioms, syntax, and cadences of this Bible are woven into Moby-Dick, Absalom, Absalom!, The Sun Also Rises, Seize the Day, Gilead, and The Road, Alter reveals the wide variety of stylistic and imaginative possibilities that American novelists have found in Scripture. At the same time, Alter demonstrates the importance of looking closely at the style of literary works, making the case that style is not merely an aesthetic phenomenon but is the very medium through which writers conceive their worlds.

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A bilingual edition of one of the most important German poets of the twentieth century

This is the most comprehensive English translation of the work of Gunter Eich, one of the greatest postwar German poets. The author of the POW poem "Inventory," among one of the most famous lyrics in the German language, Eich was rivaled only by Paul Celan as the leading poet in the generation after Gottfried Benn and Bertolt Brecht. Expertly translated and introduced by Michael Hofmann, this collection gathers eighty poems, many drawn from Eich's later work and most of them translated here for the first time. The volume also includes the original German texts on facing pages.

As an early member of "Gruppe 47" (from which Gunter Grass and Heinrich Boll later shot to prominence), Eich (1907-72) was at the vanguard of an effort to restore German as a language for poetry after the vitriol, propaganda, and lies of the Third Reich. Short and clear, these are timeless poems in which the ominousness of fairy tales meets the delicacy and suggestiveness of Far Eastern poetry. In his late poems, he writes frequently, movingly, and often wryly of infirmity and illness. "To my mind," Hofmann writes, "there's something in Eich of Paul Klee's pictures: both are homemade, modest in scale, immediately delightful, inventive, cogent."

Unjustly neglected in English, Eich finds his ideal translator here.

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Günter Eich, Michael Hofmann, Michael Hofmann

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Pulitzer Prizewinning poet C. K. Williams's personal reflection on the art of Walt Whitman

In this book, Pulitzer Prizewinning poet C. K. Williams sets aside the mass of biography and literary criticism that has accumulated around Walt Whitman and attempts to go back to Leaves of Grass as he first encountered itto explore why Whitman's epic "continues to inspire and sometimes daunt" him. The result is a personal reassessment and appreciation of one master poet by another, as well as an unconventional and brilliant introduction to Whitman. Beautifully written and rich with insight, this is a book that refreshes our ability to see Whitman in all his power.