This is one of the biggest debates in economics and the value or futility of investment management and financial regulation hang on the outcome. In this groundbreaking book, Andrew Lo cuts through this debate with a new framework, the Adaptive Markets Hypothesis, in which rationality and irrationality coexist.Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, Adaptive Markets shows that the theory of market efficiency isn't wrong but merely incomplete. When markets are unstable, investors react instinctively, creating inefficiencies for others to exploit. Lo's new paradigm explains how financial evolution shapes behavior and markets at the speed of thought--a fact revealed by swings between stability and crisis, profit and loss, and innovation and regulation.A fascinating intellectual journey filled with compelling stories, Adaptive Markets starts with the origins of market efficiency and its failures, turns to the foundations of investor behavior, and concludes with practical implications--including how hedge funds have become the Galapagos Islands of finance, what really happened in the 2008 meltdown, and how we might avoid future crises.An ambitious new answer to fundamental questions in economics, Adaptive Markets is essential reading for anyone who wants to know how markets really work.

    It combines the author's personal observations based on his extensive research experience with the experiences of other scholars as reflected in the literature. The aim is not only to acquaint students with a blend of elementary and theoretical knowledge in social research but also to guide the researchers with the basic complexities of undertaking research.

    In fact, right up to the Industrial Revolution the fiber arts were an enormous economic force, belonging primarily to women.Despite the great toil required in making cloth and clothing, most books on ancient history and economics have no information on them. Much of this gap results from the extreme perishability of what women produced, but it seems clear that until now descriptions of prehistoric and early historic cultures have omitted virtually half the picture.Elizabeth Wayland Barber has drawn from data gathered by the most sophisticated new archaeological methods—methods she herself helped to fashion.

    When girls were supposed to be shrinking violets, passionate females risked being seen as 'unbridled', or dangerously out of control. Change came slowly, and young women remained trapped in double-binds. You may have needed a husband in order to survive, but you had to avoid looking like a gold-digger. Sexual desire could be dangerous: a rash guide to making choices. Show attraction too openly and you might be judged 'fast' and undesirable. Education and wage-earning brought independence and a widening of cultural horizons. Young women in the early twentieth century showed a sustained appetite for novel-reading, cinema-going, and the dancehall. They sighed over Rudolph Valentino's screen performances, as tango-dancer, Arab tribesman, or desert lover. Contemporary critics were sniffy about 'shop-girl' taste in literature and in men, but as consumers, girls had new clout. In Heartthrobs, social and cultural historian Carole Dyhouse draws upon literature, cinema, and popular romance to show how the changing position of women has shaped their dreams about men, from Lord Byron in the early nineteenth century to boy-bands in the early twenty-first. Reflecting on the history of women as consumers and on the nature of fantasy, escapism, and 'fandom', she takes us deep into the world of gender and the imagination. A great deal of feminist literature has shown women as objects of the 'male gaze': this book looks at men through the eyes of women.

    Taken both by Connolly and an assortment of punk enthusiasts, BANNED IN DC is a set of vibrant shots that portray the anarchic spirit, pure energy, and camaraderie of the DC scene in a series of 450 black and white photographs. Major figures in the hardcore movement, like Dischord Records co-owner and then-Minor Threat member Ian MacKaye and Bad Brains vocalist HR, share space with naked musicians, ubiquitous scenesters, shaven-headed audience members, and riotous punks, in a freewheeling combination of pictures and quotes. Vividly capturing the scene's idealistic intensity, BANNED IN DC is an invaluable document of Washington hardcore's exuberance and aspirations.

    Showing that the silhouette of women's dress has been in a state of continuous change, allied to economic and architectural evolution as well as changing ideas of sexual attractiveness, she itemizes three cycles in the last 400 years in which women's silhouette was blown up to the utmost limit, by artificial means, and then collapsed again to a long straight line. At these points and extremes were invariably considered absurdities and the corsets and hoops were discarded by their users, so that in actuality very few specimens from the earlier periods at least have come down to us.

    Setting aside our present-day romantic notions about orphan trains, Holt's book sheds valuable new light on the phenomenon by putting it in the context of nineteenth-century ideals about childhood, the roles of social reformers, the changing theories of relief and welfare for the poor, western development, and rail expansion.Marilyn Irvin Holt, former director of publications at the Kansas State Historical Society; is a freelance editor, writer, and researcher and teaches historical editing at the University of Kansas.

    As Sweet shows us in this brilliant study, many of the concepts that strike us as terrifically new - political spin-doctoring, extravagant publicity stunts, hardcore pornography, anxieties about the impact of popular culture upon children - are Victorian inventions. Most of the pleasures that we imagine to be our own, the Victorians enjoyed first: the theme park, the shopping mall, the movies, the amusement arcade, the crime novel and the sensational newspaper report. They were engaged in a well-nigh continuous search for bigger and better thrills. If Queen Victoria wasn't amused, then she was in a very small minority . . .Matthew Sweet's book is an attempt to re-imagine the Victorians; to suggest new ways of looking at received ideas about their culture; to distinguish myth from reality; to generate the possibility of a new relationship between the lives of nineteenth-century people and our own.

    Between 250,000 and 400,000 Scots-Irish migrated to America in the eighteenth century, traveling in groups of families and bringing with them not only long experience as rebels and outcasts but also unparalleled skills as frontiersmen and guerrilla fighters. Their cultural identity reflected acute individualism, dislike of aristocracy and a military tradition, and, over time, the Scots-Irish defined the attitudes and values of the military, of working class America, and even of the peculiarly populist form of American democracy itself. Born Fighting is the first book to chronicle the full journey of this remarkable cultural group, and the profound, but unrecognized, role it has played in the shaping of America. Written with the storytelling verve that has earned his works such acclaim as “captivating . . . unforgettable” (the Wall Street Journal on Lost Soliders), Scots-Irishman James Webb, Vietnam combat veteran and former Naval Secretary, traces the history of his people, beginning nearly two thousand years ago at Hadrian’s Wall, when the nation of Scotland was formed north of the Wall through armed conflict in contrast to England’s formation to the south through commerce and trade. Webb recounts the Scots’ odyssey—their clashes with the English in Scotland and then in Ulster, their retreat from one war-ravaged land to another. Through engrossing chronicles of the challenges the Scots-Irish faced, Webb vividly portrays how they developed the qualities that helped settle the American frontier and define the American character. Born Fighting shows that the Scots-Irish were 40 percent of the Revolutionary War army; they included the pioneers Daniel Boone, Lewis and Clark, Davy Crockett, and Sam Houston; they were the writers Edgar Allan Poe and Mark Twain; and they have given America numerous great military leaders, including Stonewall Jackson, Ulysses S. Grant, Audie Murphy, and George S. Patton, as well as most of the soldiers of the Confederacy (only 5 percent of whom owned slaves, and who fought against what they viewed as an invading army). It illustrates how the Scots-Irish redefined American politics, creating the populist movement and giving the country a dozen presidents, including Andrew Jackson, Teddy Roosevelt, Woodrow Wilson, Ronald Reagan, and Bill Clinton. And it explores how the Scots-Irish culture of isolation, hard luck, stubbornness, and mistrust of the nation’s elite formed and still dominates blue-collar America, the military services, the Bible Belt, and country music. Both a distinguished work of cultural history and a human drama that speaks straight to the heart of contemporary America, Born Fighting reintroduces America to its most powerful, patriotic, and individualistic cultural group—one too often ignored or taken for granted.

    In this sumptuously illustrated book he delves deep into the game’s history, tracing its development from its rustic beginnings to the international sport we know today. Along the way he examines – and at times demolishes – many cherished myths. Among the subjects to which he pays particular attention are the changing social role of cricket, developments in the rules, the emergence of the professional player, the game’s spread throughout the British Empire and the part it has played in cementing international relations.John Major’s history of cricket reflects not only his lifelong passion for the game, but the depth of his research among a wealth of hitherto neglected but fascinating sources. It is a significant addition to the already rich literature of the greatest game of all.

    Why should he or anyone else care what became of his corpse? In The Work of the Dead, acclaimed cultural historian Thomas Laqueur examines why humanity has universally rejected Diogenes’s argument. No culture has been indifferent to mortal remains. Even in our supposedly disenchanted scientific age, the dead body still matters—for individuals, communities, and nations. A remarkably ambitious history, The Work of the Dead offers a compelling and richly detailed account of how and why the living have cared for the dead, from antiquity to the twentieth century.The book draws on a vast range of sources—from mortuary archaeology, medical tracts, letters, songs, poems, and novels to painting and landscapes in order to recover the work that the dead do for the living: making human communities that connect the past and the future. Laqueur shows how the churchyard became the dominant resting place of the dead during the Middle Ages and why the cemetery largely supplanted it during the modern period. He traces how and why since the nineteenth century we have come to gather the names of the dead on great lists and memorials and why being buried without a name has become so disturbing. And finally, he tells how modern cremation, begun as a fantasy of stripping death of its history, ultimately failed—and how even the ashes of the victims of the Holocaust have been preserved in culture.A fascinating chronicle of how we shape the dead and are in turn shaped by them, this is a landmark work of cultural history.

    The book analyzes how differences could affect the plant, animal and human life on planet Earth.

    Styles of Radical Will, Susan Sontag's second collection of essays, extends the investigations she undertook in Against Interpretation with essays on film, literature, politics, and a groundbreaking study of pornography.

    They brought their dogs, sporting guns, valets, and all the attitudes and prejudices of their class. Prairie Fever explores why the West had such a strong romantic appeal for them at a time when their inherited wealth and passion for sport had no American equivalent.In fascinating and often comic detail, the author shows how the British behaved—and what the fur traders, hunting guides, and ordinary Americans made of them—as they crossed the country to see the Indians, hunt buffalo, and eventually build cattle empires and buy up vast tracts of the West. But as British blue bloods became American landowners, they found themselves attacked and reviled as “land vultures” and accused of attempting a new colonization. In a final denouement, Congress moved against the foreigners and passed a law to stop them from buying land.

    Reay Tannahill's scholarly, yet accessible study ranges from the earliest form of contraception (one Egyptian concoction included crocodile dung) to some latter- day misconceptions about it- like the men who joined their lovers in taking the pill 'just to be on the safe side.' It surveys all manner of sexual practice, preference and position (the acrobatic 'wheelbarrow' position, the strenuous 'hovering butterflies' position...) and draws on souces as diverse as THE ADMIRABLE DISCOURSES OF THE PLAIN GIRL, the EXHIBTION OF FEMALE FLAGELLANTS, IMPORTANT MATTERS OF THE JADE CHAMBER and THE ROMANCE OF CHASTISEMENT. Whether writing on androgyny, courtly love, flagellation or zoophilia, Turkish eunuch's Greek dildoes, Taoist sex manuals or Japanses geisha girls, Reay Tannahill is consistently enlightening and entertaining.