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Economics by Timothy Taylor


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The Signal and the Noise: Why So Many Predictions Fail—But Some Don't


Nate Silver - 2012
    He solidified his standing as the nation's foremost political forecaster with his near perfect prediction of the 2012 election. Silver is the founder and editor in chief of FiveThirtyEight.com. Drawing on his own groundbreaking work, Silver examines the world of prediction, investigating how we can distinguish a true signal from a universe of noisy data. Most predictions fail, often at great cost to society, because most of us have a poor understanding of probability and uncertainty. Both experts and laypeople mistake more confident predictions for more accurate ones. But overconfidence is often the reason for failure. If our appreciation of uncertainty improves, our predictions can get better too. This is the "prediction paradox": The more humility we have about our ability to make predictions, the more successful we can be in planning for the future.In keeping with his own aim to seek truth from data, Silver visits the most successful forecasters in a range of areas, from hurricanes to baseball, from the poker table to the stock market, from Capitol Hill to the NBA. He explains and evaluates how these forecasters think and what bonds they share. What lies behind their success? Are they good-or just lucky? What patterns have they unraveled? And are their forecasts really right? He explores unanticipated commonalities and exposes unexpected juxtapositions. And sometimes, it is not so much how good a prediction is in an absolute sense that matters but how good it is relative to the competition. In other cases, prediction is still a very rudimentary-and dangerous-science.Silver observes that the most accurate forecasters tend to have a superior command of probability, and they tend to be both humble and hardworking. They distinguish the predictable from the unpredictable, and they notice a thousand little details that lead them closer to the truth. Because of their appreciation of probability, they can distinguish the signal from the noise.

How Great Science Fiction Works


Gary K. Wolfe - 2016
    These icons of science fiction are now in our daily news. Science fiction, once maligned as mere pulp, has motivated cutting-edge scientific research, inspired new technologies, and changed how we view everyday life - and its themes and questions permeate popular culture. Take an unparalleled look at the influence, history, and greatest works of science fiction with illuminating insights and fascinating facts about this wide-ranging genre. If you think science fiction doesn't have anything to do with you, this course deserves your attention. And if you love science fiction, you can't miss this opportunity to trace the arc of science fiction's evolution, understand the hallmarks of great science fiction, and delve deeply into classics while finding some new favorites.These 24 captivating lectures reveal the qualities that make science fiction an enduring phenomenon that has been steadily gaining popularity. You'll grasp the context and achievements of authors like Arthur C. Clarke, H.G. Wells, Isaac Asimov, Ursula K. LeGuin, and many more. You'll experience the wonder, horror, and incredible imagination of works like Frankenstein, the Foundation series, Stranger in a Strange Land, and dozens of more recent stories as well. You'll also see this genre's influence in movies like Star Wars and TV shows like The Twilight Zone.Science fiction can take us places in time and space where no other form of fiction can - outer space, the far future, alternate universes, unfathomable civilizations. The best science fiction expands our imaginations and makes its mark on our reality. And while few writers would ever claim to predict the future, sometimes authors get it almost eerily right: Gernsback describing radar in 1911, Bradbury describing giant flatscreen TVs in 1951, Gibson inventing "cyberspace" in 1984, and so on.

An Introduction to Greek Philosophy


David Roochnik - 2002
    More than 2,500 years later, the issues they pondered continue to challenge, fascinate, and instruct us. Is reality stable and permanent or is it always changing? Are ethical values like justice and courage relative? Or are values "absolute"—simply and forever right and true? What is justice? What is happiness? How shall we best live our lives?An Introduction to Greek Philosophy beckons you to join this eternal discussion. For that is what this subject truly is: a conversation among thinkers that has continued through the centuries and remains accessible to us today. You find it constantly stimulating, sometimes controversial, and nearly always remarkably relevant.A Hunger for Reasons, not Myths or BeliefsProfessor David Roochnik has organized this series of 24 lectures as a "dialectical" approach (the word comes from the Greek dialegesthai: to converse). The philosophers are presented as if they were participating in a conversation. In this way, the course unfolds in a manner similar to the actual development of Greek philosophy.In this course, you study the development of Greek philosophy, meet its major thinkers, and explore the issues and ideas that concerned them. For example the first real philosophers were the Presocratics—literally, the philosophers who lived before Socrates. They included Thales of Miletus (585 B.C.E.–?), Anaximander (610–546), Anaximenes (approx. 550), Xenophanes (approx. 570) and Pythagoras (approx. 570–500).The Presocratics rejected myth and divine inspiration—such as had been embodied in the works of Homer and in Hesiod's creation story, the Theogony—as valid explanations of reality. Instead, they insisted that true understanding always requires a logos, a rational explanation (hence such English words as "psychology" and "biology").The Presocratics were concerned with issues such as identifying the arche or "Being": the thing that is the origin of all other things. They also introduced sophistic relativism, the notion that truth, goodness, and all other values were relative, depending entirely on the person or group that held them. This concept would become a major point of debate for the Greeks and for the ages.Are We Footnotes to Plato?The heroes of this course, and certainly of Greek philosophy, are Plato (429–347 B.C.E.) and his student, Aristotle (384–322 B.C.E.). Unlike the Presocratics, who wrote too little, Plato and Aristotle were prolific authors. Both argued against relativism and instead were staunch objectivists who believed that certain important values were absolutely and universally true. And both left a staggering mark on history.Alfred North Whitehead, the great 20th-century British philosopher, said, "The safest general characterization of the European philosophical tradition is that it consists of a series of footnotes to Plato." In the Middle Ages, Aristotle was held in such high esteem that he was simply known as "the philosopher."Among Plato's many contributions to philosophy is his ingenious device for the examination of ideas: his written dialogues. In them, Plato never uses his own voice. Instead, the dialogues take place among a changing cast of characters, and Socrates is the most notable among them. The effect is to invite us to take part in the conversation and, ultimately, to become philosophers.You study Plato's dialogues as well as his notion of the Forms. This was his response to relativism and proposed that every virtue and value has an absolute and perfect Form, which humans understand even before birth.Greek philosophy can be said to culminate with Aristotle, who wrote treatises on a breathtaking range of subjects. He is said to be the first to view knowledge as being divided into specific disciplines such as biology or astronomy. The university was later modeled on this approach. More than any other philosopher, Aristotle synthesized the views that preceded him.For Aristotle, one value was foremost and was contained in everything, from the tiniest organisms to the phenomena of fire to human beings: purpose. Everything has a purpose that can be recognized and objectively defined, and that gives meaning to life. You explore the details and rationale of Aristotle's teleological—or purposive—world-view, one of the most significant in history.An Invitation to ThinkIn this course, you not only learn about Greek philosophy but, to some extent, how to do it. Professor Roochnik emphasizes that Greek philosophy is ultimately not about facts or answers but about the give-and-take of ideas.By the end of these lectures, you will understand how Greek philosophy still heavily influences our view of life. We live today, Professor Roochnik maintains, at a time that is shaped by Presocratic, relativistic philosophy. Contemporary thinkers, and often the average person, have great difficulty finding objective truth or meaning in life.What have we lost in turning away from the world of Plato and Aristotle—a world where everything has a place and a purpose and life is saturated with value and meaning?On the other hand, what would we lose if we returned to that world?These are a few of the many questions that will give you ample food for thought. For the Greeks, that was the greatest feast of all.

Big Data: A Revolution That Will Transform How We Live, Work, and Think


Viktor Mayer-Schönberger - 2013
    “Big data” refers to our burgeoning ability to crunch vast collections of information, analyze it instantly, and draw sometimes profoundly surprising conclusions from it. This emerging science can translate myriad phenomena—from the price of airline tickets to the text of millions of books—into searchable form, and uses our increasing computing power to unearth epiphanies that we never could have seen before. A revolution on par with the Internet or perhaps even the printing press, big data will change the way we think about business, health, politics, education, and innovation in the years to come. It also poses fresh threats, from the inevitable end of privacy as we know it to the prospect of being penalized for things we haven’t even done yet, based on big data’s ability to predict our future behavior.In this brilliantly clear, often surprising work, two leading experts explain what big data is, how it will change our lives, and what we can do to protect ourselves from its hazards. Big Data is the first big book about the next big thing.www.big-data-book.com

Strategic Thinking Skills


Stanley K. Ridgley - 2012
    Professor Ridgley has crafted these 24 lectures as an accessible way to engage with thinking that will help you think-and act-more strategically in business and in your own life, whether you're the CEO of a Fortune 500 company or you're preparing to embark on a new career path.These lectures are loosely organized around several key topics central to effective strategic thinking, including: principles of conflict (in which you'll follow the development of strategic theory from its roots in great military campaigns to its modern applications in business); competitive intelligence (which plays an increasingly important role in strategic thinking); and tools of strategy and analysis (which can aid your understanding of the forces that shape our future and can help you make sense of a rapidly changing world).Central to these lectures are the tools and tricks that strategic thinkers have used to better approach problems and seek lasting solutions. Among those you'll learn how to use are the indirect approach (which offers you a much greater utility in achieving your objectives without approaching your opponent head-on); the value chain (a method that divides your team or organization into its value - producing activities so you can better inform yourself on its internal strengths and weaknesses; and the four actions framework (in which you ask yourself four questions to challenge your established logic in an effort to gain a stronger competitive advantage).

The Physics of Wall Street: A Brief History of Predicting the Unpredictable


James Owen Weatherall - 2013
    While many of the mathematicians and software engineers on Wall Street failed when their abstractions turned ugly in practice, a special breed of physicists has a much deeper history of revolutionizing finance. Taking us from fin-de-siècle Paris to Rat Pack-era Las Vegas, from wartime government labs to Yippie communes on the Pacific coast, Weatherall shows how physicists successfully brought their science to bear on some of the thorniest problems in economics, from options pricing to bubbles.The crisis was partly a failure of mathematical modeling. But even more, it was a failure of some very sophisticated financial institutions to think like physicists. Models—whether in science or finance—have limitations; they break down under certain conditions. And in 2008, sophisticated models fell into the hands of people who didn’t understand their purpose, and didn’t care. It was a catastrophic misuse of science.The solution, however, is not to give up on models; it's to make them better. Weatherall reveals the people and ideas on the cusp of a new era in finance. We see a geophysicist use a model designed for earthquakes to predict a massive stock market crash. We discover a physicist-run hedge fund that earned 2,478.6% over the course of the 1990s. And we see how an obscure idea from quantum theory might soon be used to create a far more accurate Consumer Price Index.Both persuasive and accessible, The Physics of Wall Street is riveting history that will change how we think about our economic future.

The Search for Exoplanets: What Astronomers Know


Joshua N. Winn - 2015
    Thanks to advances in technology and clever new uses of existing data, now we know that planetary systems and possibly even a new Earth can be found throughout galaxies near and far.We are living during a new golden age of planetary discovery, with the prospect of finding many worlds like Earth. Most of the thousands of planets we've detected can't be imaged directly, but researchers are able to use subtle clues obtained in ingenious ways to assemble an astonishing picture of planetary systems far different from our own. We are in the midst of an astronomical revolution, comparable to the Copernican revolution that established our current view of the solar system - and we invite you to take part.Embark on this unrivaled adventure in 24 lectures by a veteran planet hunter. Designed for everyone from armchair explorers to serious skywatchers, The Search for Exoplanets follows the numerous twists and turns in the hunt for exoplanets - the false starts, the sudden breakthroughs, and the extraordinary discoveries. Explore systems containing super-Earths, mini-Neptunes, lava worlds, and even stranger worlds. You also get behind-the-scenes information on the techniques astronomers used to find evidence of planets at mind-boggling distances from our home base. Learn how astronomers determine how many planets are in a system as well as how large they are and the characteristics of their atmospheres. You will feel like Dr. Watson in the presence of Sherlock Holmes as Professor Winn extracts a wealth of information from a spectrum, a light graph, a diffraction pattern, and other subtle clues.©2015 The Teaching Company, LLC (P)2015 The Great Courses

A Brief History of the World


Peter N. Stearns - 2007
    

Bit by Bit: How P2P Is Freeing the World


Jeffrey Tucker - 2015
    Jeffrey Tucker, CLO of Liberty.me and Distinguished Fellow of the Foundation for Economic Education, argues that peer-to-peer technology is forging a new and brighter social, economic, and political order. People tend to look at innovations in isolation. Here is my new e-reader. Here is an app I like. Here is my new mobile device and computer. Even bitcoin is routinely analyzed and explained in terms of its properties as an alternative to national currencies, as if there were no more than that at stake.But actually there is a historical trajectory at work here, one that we can trace through its logic, implementation, and spread. It’s the same logic that led from the dial phone at the county store, operated by people pulling and plugging in wires, to the wireless smartphone in your pocket that contains the whole store of human knowledge. It’s all about technology in the service of individuation.Once you understand the driving ethos — voluntarism, creativity, networks, individual initiative — you can see the outlines of a new social structure emerging within our time, an order that defies a century of top-down planning and nation-state restrictionism.It is coming about not because of political reform. It is not any one person’s creation. It is not happening because a group of elite intellectuals advocated it. The new world is emerging organically, and messily, from the ground up, as an extension of unrelenting creativity and experimentation. In the end, it is emerging out of an anarchist order that no one in particular controls and no one in particular can fully understand."The building of universal prosperity is a process that unfolds bit by bit through decentralized decision making and improvements at the margin through trial-and-error. To continue this process, we need understanding, patience, and dreams. Jeffrey Tucker’s book is an excellent guide to all three.” ~ Patrick Byrne, CEO of Overstock.com, from the introduction. “In Bitcoin’s brief existence Jeffrey Tucker has become one of its leading proponents. In this book we can see exactly why. Many people think of bitcoin as just money, but Mr. Tucker is able to explain, in a way that is easily understandable by all, the tsunami of innovation that bitcoin is about to release upon the world.” ~ Roger Ver, Bitcoin investor, from the Foreword

Capitalism in America: A History


Alan Greenspan - 2018
    To the extent possible, he has made a science of understanding how the US economy works almost as a living organism--how it grows and changes, surges and stalls. He has made a particular study of the question of productivity growth, at the heart of which is the riddle of innovation. Where does innovation come from, and how does it spread through a society? And why do some eras see the fruits of innovation spread more democratically, and others, including our own, see the opposite?In Capitalism in America, Greenspan distills a lifetime of grappling with these questions into a thrilling and profound master reckoning with the decisive drivers of the US economy over the course of its history. In partnership with the celebrated Economist journalist and historian Adrian Wooldridge, he unfolds a tale involving vast landscapes, titanic figures, triumphant breakthroughs, enlightenment ideals as well as terrible moral failings. Every crucial debate is here--from the role of slavery in the antebellum Southern economy to the real impact of FDR's New Deal to America's violent mood swings in its openness to global trade and its impact. But to read Capitalism in America is above all to be stirred deeply by the extraordinary productive energies unleashed by millions of ordinary Americans that have driven this country to unprecedented heights of power and prosperity. At heart, the authors argue, America's genius has been its unique tolerance for the effects of creative destruction, the ceaseless churn of the old giving way to the new, driven by new people and new ideas. Often messy and painful, creative destruction has also lifted almost all Americans to standards of living unimaginable to even the wealthiest citizens of the world a few generations past. A sense of justice and human decency demands that those who bear the brunt of the pain of change be protected, but America has always accepted more pain for more gain, and its vaunted rise cannot otherwise be understood, or its challenges faced, without recognizing this legacy. For now, in our time, productivity growth has stalled again, stirring up the populist furies. There's no better moment to apply the lessons of history to the most pressing question we face, that of whether the United States will preserve its preeminence, or see its leadership pass to other, inevitably less democratic powers.

The Psychology of Money


Morgan Housel - 2020
    It’s about how you behave. And behavior is hard to teach, even to really smart people. How to manage money, invest it, and make business decisions are typically considered to involve a lot of mathematical calculations, where data and formulae tell us exactly what to do. But in the real world, people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In the psychology of money, the author shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important matters.

The Corporation: The Pathological Pursuit of Profit and Power


Joel Bakan - 2003
    Eminent Canadian law professor and legal theorist Joel Bakan contends that today's corporation is a pathological institution, a dangerous possessor of the great power it wields over people and societies.In this revolutionary assessment of the history, character, and globalization of the modern business corporation, Bakan backs his premise with the following observations:-The corporation’s legally defined mandate is to pursue relentlessly and without exception its own economic self-interest, regardless of the harmful consequences it might cause to others. -The corporation’s unbridled self-interest victimizes individuals, society, and, when it goes awry, even shareholders and can cause corporations to self-destruct, as recent Wall Street scandals reveal. -Governments have freed the corporation, despite its flawed character, from legal constraints through deregulation and granted it ever greater authority over society through privatization.But Bakan believes change is possible and he outlines a far-reaching program of achievable reforms through legal regulation and democratic control.Featuring in-depth interviews with such wide-ranging figures as Nobel Prize winner Milton Friedman, business guru Peter Drucker, and cultural critic Noam Chomsky, The Corporation is an extraordinary work that will educate and enlighten students, CEOs, whistle-blowers, power brokers, pawns, pundits, and politicians alike.

Post Corona: From Crisis to Opportunity


Scott Galloway - 2020
    Some businesses--like home exercise company Peloton, video conference software maker Zoom, and Amazon--woke up to find themselves crushed under an avalanche of consumer demand. Others--like the restaurant, travel, hospitality, and live entertainment industries--scrambled to escape obliteration.But as Scott Galloway argues, the pandemic has not been a change agent so much as an accelerant of trends already well underway. In Post Corona, he outlines the contours of the crisis and the opportunities that lie ahead. Some businesses, like the powerful tech monopolies, will thrive as a result of the disruption. Other industries, like higher education, will struggle to maintain a value proposition that no longer makes sense when we can't stand shoulder to shoulder. And the pandemic has accelerated deeper trends in government and society, exposing a widening gap between our vision of America as a land of opportunity, and the troubling realities of our declining wellbeing.Combining his signature humor and brash style with sharp business insights and the occasional dose of righteous anger, Galloway offers both warning and hope in equal measure. As he writes, Our commonwealth didn't just happen, it was shaped. We chose this path--no trend is permanent and can't be made worse or corrected.

Understanding Genetics: DNA, Genes, And Their Real World Applications


David E. Sadava - 2008
    Our Inheritance 2. Mendel and Genes 3. Genes and Chromosomes 4. The Search for the GeneDNA 5. DNA Structure and Replication 6. DNA Expression in Proteins 7. Genes, Enzymes, and Metabolism 8. From DNA to Protein 9. Genomes 10. Manipulating GenesRecombinant DNA 11. Isolating Genes and DNA 12. BiotechnologyGenetic Engineering 13. Biotechnology and the Environment 14. Manipulating DNA by PCR and Other Methods 15. DNA in IdentificationForensics 16. DNA and Evolution 17. DNA and Human Evolution 18. Molecular MedicineGenetic Screening 19. Molecular MedicineThe Immune System 20. Molecular MedicineCancer 21. Molecular MedicineGene Therapy 22. Molecular MedicineCloning and Stem Cells 23. Genetics and Agriculture 24. Biotechnology and Agriculture

No One Would Listen


Harry Markopolos - 2010
     The only book to tell the story of Madoff's scam and the SEC's failings by those who saw both first hand Describes how Madoff was enabled by investors and fiduciaries alike Discusses how the SEC missed the red flags raised by Markopolos Despite repeated written and verbal warnings to the SEC by Harry Markopolos, Bernie Madoff was allowed to continue his operations. No One Would Listen paints a vivid portrait of Markopolos and his determined team of financial sleuths, and what impact Madoff's scam will have on financial markets and regulation for decades to come.