Political Bubbles

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Political Bubbles

Author : Nolan McCarty,Keith T. Poole,Howard Rosenthal
Publisher : Princeton University Press
Page : 368 pages
File Size : 48,5 Mb
Release : 2013-05-21
Category : Political Science
ISBN : 9781400846399

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Political Bubbles by Nolan McCarty,Keith T. Poole,Howard Rosenthal Pdf

Behind every financial crisis lurks a "political bubble"--policy biases that foster market behaviors leading to financial instability. Rather than tilting against risky behavior, political bubbles--arising from a potent combination of beliefs, institutions, and interests--aid, abet, and amplify risk. Demonstrating how political bubbles helped create the real estate-generated financial bubble and the 2008 financial crisis, this book argues that similar government oversights in the aftermath of the crisis undermined Washington's response to the "popped" financial bubble, and shows how such patterns have occurred repeatedly throughout US history. The authors show that just as financial bubbles are an unfortunate mix of mistaken beliefs, market imperfections, and greed, political bubbles are the product of rigid ideologies, unresponsive and ineffective government institutions, and special interests. Financial market innovations--including adjustable-rate mortgages, mortgage-backed securities, and credit default swaps--become subject to legislated leniency and regulatory failure, increasing hazardous practices. The authors shed important light on the politics that blinds regulators to the economic weaknesses that create the conditions for economic bubbles and recommend simple, focused rules that should help avoid such crises in the future. The first full accounting of how politics produces financial ruptures, Political Bubbles offers timely lessons that all sectors would do well to heed.

Political Bubbles

Author : Nolan McCarty,Keith T. Poole,Howard Rosenthal
Publisher : Princeton University Press
Page : 368 pages
File Size : 54,8 Mb
Release : 2013-05-26
Category : Political Science
ISBN : 9780691145013

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Political Bubbles by Nolan McCarty,Keith T. Poole,Howard Rosenthal Pdf

Behind every financial crisis lurks a "political bubble"--policy biases that foster market behaviors leading to financial instability. Rather than tilting against risky behavior, political bubbles--arising from a potent combination of beliefs, institutions, and interests--aid, abet, and amplify risk. Demonstrating how political bubbles helped create the real estate-generated financial bubble and the 2008 financial crisis, this book argues that similar government oversights in the aftermath of the crisis undermined Washington's response to the "popped" financial bubble, and shows how such patterns have occurred repeatedly throughout US history. The authors show that just as financial bubbles are an unfortunate mix of mistaken beliefs, market imperfections, and greed, political bubbles are the product of rigid ideologies, unresponsive and ineffective government institutions, and special interests. Financial market innovations--including adjustable-rate mortgages, mortgage-backed securities, and credit default swaps--become subject to legislated leniency and regulatory failure, increasing hazardous practices. The authors shed important light on the politics that blinds regulators to the economic weaknesses that create the conditions for economic bubbles and recommend simple, focused rules that should help avoid such crises in the future. The first full accounting of how politics produces financial ruptures, Political Bubbles offers timely lessons that all sectors would do well to heed.

Are Filter Bubbles Real?

Author : Axel Bruns
Publisher : John Wiley & Sons
Page : 87 pages
File Size : 49,9 Mb
Release : 2019-08-27
Category : Language Arts & Disciplines
ISBN : 9781509536467

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Are Filter Bubbles Real? by Axel Bruns Pdf

There has been much concern over the impact of partisan echo chambers and filter bubbles on public debate. Is this concern justified, or is it distracting us from more serious issues? Axel Bruns argues that the influence of echo chambers and filter bubbles has been severely overstated, and results from a broader moral panic about the role of online and social media in society. Our focus on these concepts, and the widespread tendency to blame platforms and their algorithms for political disruptions, obscure far more serious issues pertaining to the rise of populism and hyperpolarisation in democracies. Evaluating the evidence for and against echo chambers and filter bubbles, Bruns offers a persuasive argument for why we should shift our focus to more important problems. This timely book is essential reading for students and scholars, as well as anyone concerned about challenges to public debate and the democratic process.

Boom and Bust

Author : William Quinn,John D. Turner
Publisher : Cambridge University Press
Page : 297 pages
File Size : 51,9 Mb
Release : 2020-08-06
Category : Business & Economics
ISBN : 9781108421256

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Boom and Bust by William Quinn,John D. Turner Pdf

Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? Boom and Bust reveals why bubbles happen, and why some bubbles have catastrophic economic, social and political consequences, whilst others have actually benefited society.

Outside the Bubble

Author : Cristian Vaccari,Augusto Valeriani
Publisher : Oxford University Press
Page : 305 pages
File Size : 55,7 Mb
Release : 2021-07-30
Category : Political Science
ISBN : 9780190858506

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Outside the Bubble by Cristian Vaccari,Augusto Valeriani Pdf

Much time has been spent over the past decade debating whether social media contribute to democracy. Drawing on an original study of internet users across nine Western democracies, Outside the Bubble offers an unprecedented look at the effects of social media on democratic participation. This book argues that social media do indeed increase political participation in both online and face-to-face activities--and that they expand political equality across Western democracies. In fact, Cristian Vaccari and Augusto Valeriani find that, for the most part, social media do not constitute echo chambers or filter bubbles as most users see a mixture of political content they agree and disagree with. Various political experiences on social media have positive implications for participation and active political involvement: social media allow citizens to encounter clearly identifiable political viewpoints, facilitate accidental exposure to political news, and enable political actors and ordinary citizens to reach voters with electoral messages designed to mobilize them. Moreover, political interactions occurring on social media do not only benefit citizens who are already involved, but boost participation across the board. This is because social media offer both additional participatory incentives to the already engaged and new political opportunities for the less engaged. By adopting a comparative approach, Vaccari and Valeriani also show that political institutions matter since some political experiences on social media are more strongly associated with participation in majoritarian systems and in party-centric systems. While social media may contribute to many societal problems, they can help address at least two important democratic ills: citizens' apathy towards politics, and inequalities between those who choose to exercise their voice and those who remain silent.

The Far Right Today

Author : Cas Mudde
Publisher : John Wiley & Sons
Page : 129 pages
File Size : 41,7 Mb
Release : 2019-10-25
Category : Philosophy
ISBN : 9781509536856

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The Far Right Today by Cas Mudde Pdf

The far right is back with a vengeance. After several decades at the political margins, far-right politics has again taken center stage. Three of the world’s largest democracies – Brazil, India, and the United States – now have a radical right leader, while far-right parties continue to increase their profile and support within Europe. In this timely book, leading global expert on political extremism Cas Mudde provides a concise overview of the fourth wave of postwar far-right politics, exploring its history, ideology, organization, causes, and consequences, as well as the responses available to civil society, party, and state actors to challenge its ideas and influence. What defines this current far-right renaissance, Mudde argues, is its mainstreaming and normalization within the contemporary political landscape. Challenging orthodox thinking on the relationship between conventional and far-right politics, Mudde offers a complex and insightful picture of one of the key political challenges of our time.

Famous First Bubbles

Author : Peter M. Garber
Publisher : MIT Press
Page : 180 pages
File Size : 49,8 Mb
Release : 2001-08-24
Category : Business & Economics
ISBN : 0262571536

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Famous First Bubbles by Peter M. Garber Pdf

The jargon of economics and finance contains numerous colorful terms for market-asset prices at odds with any reasonable economic explanation. Examples include "bubble," "tulipmania," "chain letter," "Ponzi scheme," "panic," "crash," "herding," and "irrational exuberance." Although such a term suggests that an event is inexplicably crowd-driven, what it really means, claims Peter Garber, is that we have grasped a near-empty explanation rather than expend the effort to understand the event. In this book Garber offers market-fundamental explanations for the three most famous bubbles: the Dutch Tulipmania (1634-1637), the Mississippi Bubble (1719-1720), and the closely connected South Sea Bubble (1720). He focuses most closely on the Tulipmania because it is the event that most modern observers view as clearly crazy. Comparing the pattern of price declines for initially rare eighteenth-century bulbs to that of seventeenth-century bulbs, he concludes that the extremely high prices for rare bulbs and their rapid decline reflects normal pricing behavior. In the cases of the Mississippi and South Sea Bubbles, he describes the asset markets and financial manipulations involved in these episodes and casts them as market fundamentals.

The International Political Economy of Investment Bubbles

Author : Paul Sheeran
Publisher : Routledge
Page : 196 pages
File Size : 40,8 Mb
Release : 2017-11-28
Category : Political Science
ISBN : 9781351146340

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The International Political Economy of Investment Bubbles by Paul Sheeran Pdf

Providing a historical appraisal of bubble investments, and blending theory with field observations, this insightful work will benefit academics, researchers and professionals observing the nexus of relationships between speculation, states and markets. The book presents an analysis of the development and decline of investment bubbles and helps develop the models that inform the risk assessment of bubble behaviour. By identifying particular trends and consequences, the book presents insight into the operation of speculative activity and its social, economic and political repercussions.

Saturday Night Live and Philosophy

Author : Anonim
Publisher : John Wiley & Sons
Page : 288 pages
File Size : 53,6 Mb
Release : 2020-01-28
Category : Philosophy
ISBN : 9781119538554

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Saturday Night Live and Philosophy by Anonim Pdf

This hilarious cast of star philosophers will make you laugh while you think as they explore the moral conundrums, ridiculous paradoxes, and wild implications of Saturday Night Live Comedian-philosophers from Socrates to Sartre have always prodded and provoked us, critiquing our most sacred institutions and urging us to examine ourselves in the process. In Saturday Night Live and Philosophy, a star-studded cast of philosophers takes a close look at the “deep thoughts” beneath the surface of NBC’s award-winning late-night variety show and its hosts’ zany antics. In this book, philosophy and comedy join forces, just like the Ambiguously Gay Duo, to explore the meaning of life itself through the riffs and beats of the subversive parody that gives the show its razor-sharp wit and undeniable cultural and political significance. Our guest hosts raise some eyebrows with questions like: Is Weekend Update Fake News? Does SNL upset dominant paradigms or trap us in political bubbles? When it comes to SNL, how can we tell the difference between satire, smart-assery, and seriousness? Is the Ladies Man too stupid for moral responsibility? What is the benefit of jokes that cause outrage? The Church Lady has a bad case of moral superiority. How about you? What can Wayne and Garth teach us about living a happy life?

Contemporary Politics, Communication, and the Impact on Democracy

Author : Palau-Sampio, Dolors,López García, Guillermo,Iannelli, Laura
Publisher : IGI Global
Page : 420 pages
File Size : 53,8 Mb
Release : 2021-11-12
Category : Language Arts & Disciplines
ISBN : 9781799880592

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Contemporary Politics, Communication, and the Impact on Democracy by Palau-Sampio, Dolors,López García, Guillermo,Iannelli, Laura Pdf

The loss of credibility of traditional media and democratic institutions points to the important challenges for the democratic system. Social networks have allowed new political and social actors to disseminate their messages, which has raised diversity. However, it has also lowered the standards for the circulation of messages and has increased disinformation and hate speech. Contemporary Politics, Communication, and the Impact on Democracy addresses communication and politics and the impact on democracy. This book offers a valuable contribution regarding the challenges and threats faced by traditional and stable democracies while disinformation, polarization, and populism have a main role in the present hybrid communicative scenario. Covering topics such as digital authoritarianism, emotional and rational frames, and political conflict on social media, this is an essential resource for political scientists, communication specialists, analysts, policymakers, politicians, critical media scholars, graduate students, professors, researchers, and academicians.

Reality Lost

Author : Vincent F. Hendricks,Mads Vestergaard
Publisher : Springer
Page : 159 pages
File Size : 47,9 Mb
Release : 2018-09-07
Category : Business & Economics
ISBN : 9783030008130

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Reality Lost by Vincent F. Hendricks,Mads Vestergaard Pdf

This open access book looks at how a democracy can devolve into a post-factual state. The media is being flooded by populist narratives, fake news, conspiracy theories and make-believe. Misinformation is turning into a challenge for all of us, whether politicians, journalists, or citizens. In the age of information, attention is a prime asset and may be converted into money, power, and influence – sometimes at the cost of facts. The point is to obtain exposure on the air and in print media, and to generate traffic on social media platforms. With information in abundance and attention scarce, the competition is ever fiercer with truth all too often becoming the first victim. Reality Lost: Markets of Attention, Misinformation and Manipulation is an analysis by philosophers Vincent F. Hendricks and Mads Vestergaard of the nuts and bolts of the information market, the attention economy and media eco-system which may pave way to postfactual democracy. Here misleading narratives become the basis for political opinion formation, debate, and legislation. To curb this development and the threat it poses to democratic deliberation, political self-determination and freedom, it is necessary that we first grasp the mechanisms and structural conditions that cause it.

Social Media and Democracy

Author : Nathaniel Persily,Joshua A. Tucker
Publisher : Cambridge University Press
Page : 365 pages
File Size : 41,8 Mb
Release : 2020-09-03
Category : Business & Economics
ISBN : 9781108835558

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Social Media and Democracy by Nathaniel Persily,Joshua A. Tucker Pdf

A state-of-the-art account of what we know and do not know about the effects of digital technology on democracy.

The Routledge Companion to Media Disinformation and Populism

Author : Howard Tumber,Silvio Waisbord
Publisher : Routledge
Page : 695 pages
File Size : 52,9 Mb
Release : 2021-03-23
Category : Computers
ISBN : 9781000346787

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The Routledge Companion to Media Disinformation and Populism by Howard Tumber,Silvio Waisbord Pdf

This companion brings together a diverse set of concepts used to analyse dimensions of media disinformation and populism globally. The Routledge Companion to Media Disinformation and Populism explores how recent transformations in the architecture of public communication and particular attributes of the digital media ecology are conducive to the kind of polarised, anti-rational, post-fact, post-truth communication championed by populism. It is both interdisciplinary and multidisciplinary, consisting of contributions from both leading and emerging scholars analysing aspects of misinformation, disinformation, and populism across countries, political systems, and media systems. A global, comparative approach to the study of misinformation and populism is important in identifying common elements and characteristics, and these individual chapters cover a wide range of topics and themes, including fake news, mediatisation, propaganda, alternative media, immigration, science, and law-making, to name a few. This companion is a key resource for academics, researchers, and policymakers as well as undergraduate and postgraduate students in the fields of political communication, journalism, law, sociology, cultural studies, international politics and international relations.

Coming Apart

Author : Charles Murray
Publisher : Forum Books
Page : 434 pages
File Size : 50,7 Mb
Release : 2013-01-29
Category : Social Science
ISBN : 9780307453433

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Coming Apart by Charles Murray Pdf

NEW YORK TIMES BESTSELLER • A fascinating explanation for why white America has become fractured and divided in education and class, from the acclaimed author of Human Diversity. “I’ll be shocked if there’s another book that so compellingly describes the most important trends in American society.”—David Brooks, New York Times In Coming Apart, Charles Murray explores the formation of American classes that are different in kind from anything we have ever known, focusing on whites as a way of driving home the fact that the trends he describes do not break along lines of race or ethnicity. Drawing on five decades of statistics and research, Coming Apart demonstrates that a new upper class and a new lower class have diverged so far in core behaviors and values that they barely recognize their underlying American kinship—divergence that has nothing to do with income inequality and that has grown during good economic times and bad. The top and bottom of white America increasingly live in different cultures, Murray argues, with the powerful upper class living in enclaves surrounded by their own kind, ignorant about life in mainstream America, and the lower class suffering from erosions of family and community life that strike at the heart of the pursuit of happiness. That divergence puts the success of the American project at risk. The evidence in Coming Apart is about white America. Its message is about all of America.

Security in the Bubble

Author : Christine Hentschel
Publisher : U of Minnesota Press
Page : 173 pages
File Size : 53,5 Mb
Release : 2015-08-08
Category : Social Science
ISBN : 9781452945309

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Security in the Bubble by Christine Hentschel Pdf

Focusing on the South African city of Durban, Security in the Bubble looks at spatialized security practices, engaging with strategies and dilemmas of urban security governance in cities around the world. While apartheid was spatial governance at its most brutal, postapartheid South African cities have tried to reinvent space, using it as a “positive” technique of governance. Christine Hentschel traces the contours of two emerging urban regimes of governing security in contemporary Durban: handsome space and instant space. Handsome space is about aesthetic and affective communication as means to making places safe. Instant space, on the other hand, addresses the crime-related personal “navigation” systems employed by urban residents whenever they circulate through the city. While handsome space embraces the powers of attraction, instant space operates through the powers of fleeing. In both regimes, security is conceived not as a public good but as a situational experience that can. No longer reducible to the after-pains of racial apartheid, this city’s fragmentation is now better conceptualized, according to Hentschel, as a heterogeneous ensemble of bubbles of imagined safety.