Against the Gods: The Remarkable Story of Risk by Peter L. Bernstein

By Peter L. Bernstein

With the inventory industry breaking files virtually day-by-day, leaving longtime industry analysts shaking their heads and revising their forecasts, a research of the idea that of probability turns out really well timed. Peter Bernstein has written a entire heritage of man's efforts to appreciate possibility and likelihood, starting with early gamblers in historical Greece, carrying on with in the course of the 17th-century French mathematicians Pascal and Fermat and as much as glossy chaos idea. alongside the way in which he demonstrates that realizing danger underlies every little thing from video game thought to bridge-building to winemaking.

Show description

Read or Download Against the Gods: The Remarkable Story of Risk PDF

Similar economic history books

A Declaration of Energy Independence: How Freedom from Foreign Oil Can Improve National Security, Our Economy, and the Environment

Each American may still learn "A statement of power Independence: How Freedom from overseas Oil Can increase nationwide safeguard, Our financial system, and the surroundings" via Jay Hakes.

I think this e-book becomes the defining advent to the subject/issue of power independence.

Ron Bengtson
[. .. ]

Puritan Economic Experiments

This can be the tale of approximately part a century of Puritan experiments with executive controls, all within the identify of Christian ethics, and why these experiments have been eventually deserted as a failure. The Puritans discovered from adventure. This publication comprises 3 reports, extracted from North's Ph. D. dissertation, at the Puritan experiments with universal possession of estate, cost controls, and sumptuary laws.

Maynard Keynes: An Economist's Biography

According to an intimate wisdom of the topic and his surroundings, this biography of the main influential economist of the 20th century lines Keynes' profession on all its many degrees. From educational Cambridge, to inventive Bloomsbury, to professional Whitehall and to town, we see the highbrow roots of Keynes' achievements and screw ups.

The Role of Agriculture in Economic Development: The Lessons of History

The 1st a part of The position of Agriculture in monetary improvement describes agricultural growth in Europe and the united states on account that 1750, whilst glossy societies started to strengthen and agriculture was once an engine of progress. seeing that 1914, agriculture has skilled problems even with wonderful raises in productiveness.

Additional resources for Against the Gods: The Remarkable Story of Risk

Sample text

Or were these specific problems indicative of deeper flaws in the very nature and structure of the mechanism itself? For their part, the clerical economists recognized that the Christian community’s skepticism about their discipline was no minor issue. The idea that the science might be amoral at best and anti-religious at worst obviously disturbed the Christian disciples of this new science. If the principles of political economy led to conclusions that were inconsistent with Christian “assured”—the clerical economists 21 theology or morality, how could they subscribe to it and encourage others to do the same?

Among the first American professors of political economy, these men wrote some of the most influential texts on the subject, fought to include it in the core curricula of their colleges, and even delivered public lectures on the new science to dispel any misconceptions and prejudices that people might have about it. Apparently, not all Americans were so enamored with the new science, and the clerical economists felt the need to allay their fears. The main objection was a religious one—that political economy never paid attention to morality.

John, his father, had emigrated from Ireland, became a wealthy New York merchant, and provided the best education possible for his son. McVickar attended Columbia College, graduated first in his class in 1804, and—staunch young Federalist that he was—eulogized the recently slain Alexander Hamilton in his valedictory speech. McVickar went on to study theology, was ordained as an Episcopal priest in 1812, and that same year became rector of a church in Hyde Park, New York. 21 For our purposes here, McVickar is most valuable as a writer of some of the earliest and pithiest sources on Christian political economy.

Download PDF sample

Rated 4.98 of 5 – based on 34 votes