03931nam 22005655 450 991034952620332120250714204615.03-030-05937-510.1007/978-3-030-05937-8(CKB)4100000009453387(DE-He213)978-3-030-05937-8(MiAaPQ)EBC5928966(PPN)272038326(EXLCZ)99410000000945338720191008d2019 u| 0engurnn#008mamaatxtrdacontentcrdamediacrrdacarrierQualitative Economics The Science of Economics /by Woodrow W. Clark II, Michael Fast1st ed. 2019.Cham :Springer International Publishing :Imprint: Springer,2019.1 online resource (XX, 384 p. 31 illus., 13 illus. in color.)3-030-05936-7 Preface -- Ch 1 Overview Qualitative Economics (QE) - The Science of Economics -- Part I Philosophy of Science and the Lifeworld Traditions -- Ch 2 The Case for Rethinking the Foundation of Business Economics -- Ch 3 Understanding the Organization of Science -- Ch 4 History of Lifeworld Traditions -- Ch 5 Mead and Blumer - Social Theory and Symbolic Interactionism -- Part II Science of Economics through Linguistics -- Ch 6 The Study of Qualitative Economics -- Ch 7 The Science of Qualitative Economics -- Ch 8 Methodological and Theoretical Constructs -- Ch 9 Linguistics as a Science -- Ch 10 Everyday Economic Life -- Ch 11 Summary and Conclusions -- Appendix A: The European Union Circular Economy: The Transition Towards a Better Future -- Appendix B: Circular Economy and Strategic Approach to Raw Materials: An Important Challenge for Europe and the Rest of the World -- References -- Author Index -- Subject Index.This book provides a new paradigm of economics that is called Qualitative Economics. The authors take an approach to economics that is entirely different from the established neo-classical economics paradigm. Arguing that the basis of neo-classical economic theory with its focus on perfect information in a balanced equilibrium system of supply and demand is fundamentally flawed, the authors propose an inclusive philosophical and scientific perspective to explain economic structures and activities and how best to understand the dynamics of economics. Furthermore, the authors argue that a qualitative approach allows for greater understanding of not only the actors, actions and situations in economics, but also defines the context in which the more traditional quantitative and statistical methods are applied. The book includes case studies to further illustrate the applications of qualitative economics. Challenging orthodox paradigms and schools of economic thought, the book proposes a new way of looking at economics, and as such will be of use to researchers and students of economics, business, social sciences and the sciences as well as think tanks and advocacy groups interested in heterodox economics.Schools of economicsEconomicsHistoryEconometricsHeterodox EconomicsHistory of Economic Thought and MethodologyQuantitative EconomicsSchools of economics.EconomicsHistory.Econometrics.Heterodox Economics.History of Economic Thought and Methodology.Quantitative Economics.330.15330.01Clark Woodrow Wauthttp://id.loc.gov/vocabulary/relators/aut912813Fast Michaelauthttp://id.loc.gov/vocabulary/relators/autMiAaPQMiAaPQMiAaPQBOOK9910349526203321Qualitative Economics4404508UNINA04640nam 2200673Ia 450 991022015700332120200520144314.00-8330-7786-40-8330-7788-0(CKB)2550000001039433(EBL)1365154(SSID)ssj0000760684(PQKBManifestationID)11432627(PQKBTitleCode)TC0000760684(PQKBWorkID)10715298(PQKB)11592464(Au-PeEL)EBL1365154(CaPaEBR)ebr10678746(OCoLC)857365332(MiAaPQ)EBC1365154(oapen)doab115032(EXLCZ)99255000000103943320120828d2012 uy 0engurcn|||||||||txtccrHedge funds and systemic risk /Lloyd Dixon, Noreen Clancy, Krishna B. Kumar1st ed.Santa Monica, Calif. RAND Corporation20121 online resource (147 p.)Rand Corporation monograph series"MG-1236-CCEG"--P. 4 of cover.0-8330-7684-1 Includes bibliographical references (p. 107-115).Cover; Title Page; Copyright; Preface; Contents; Figures; Tables; Summary; Acknowledgments; Abbreviations; CHAPTER ONE: Introduction; Potential Contribution of Hedge Funds to Systemic Risk; Research Methods; Organization of This Report; CHAPTER TWO: Background on the Hedge Fund Industry; Overview of the Hedge Fund Industry; Legal Structure and Role in the Financial System; Number of Hedge Funds and Assets Under Management; Restrictions on Investor Withdrawals from Hedge Funds; Characteristics of Hedge Fund InvestorsDistribution of Funds in the Industry, by Size and Characteristics of Hedge Fund Advisers Hedge Fund Returns and Investment Strategies; Attributes of Hedge Funds That Amplify and Mitigate Their Potential Contribution to Systemic Risk; CHAPTER THREE: The Collapse of Long-Term Capital Management; Factors Leading to the Collapse of Long-Term Capital Management; The Rescue of Long-Term Capital Management; The Aftermath of the Collapse of Long-Term Capital Management; Lessons from the Collapse of Long-Term Capital Management; CHAPTER FOUR: Hedge Funds and the Financial Crisis of 2007-2008.Factors Underlying the Financial Crisis Hedge Fund Contribution to the Financial Crisis Through the Credit Channel; Impact of Hedge Fund Losses on Creditors; The Failure of the Bear Stearns Hedge Funds; Hedge Fund Contribution to the Financial Crisis Through the Market Channel; Hedge Fund Contribution to the Buildup of the Housing Bubble; Hedge Fund Deleveraging; Short Selling; Hedge Fund Runs on Investment Banks; Assessment of Hedge Fund Contributions to the Financial Crisis; CHAPTER FIVE: Potential Hedge Fund Threats to Financial Stability and Reforms to Address ThemPotential Hedge Fund Threats to Financial Stability Lack of Information on Hedge Funds; Lack of Appropriate Margin in Derivatives Trades; Runs on Prime Brokers; Short Selling; Compromised Risk-Management Incentives; Lack of Portfolio Liquidity and Excessive Leverage; Financial Reforms That Address Hedge Fund Contributions to Systemic Risk; Reforms That Address Lack of Information on Hedge Funds; Reforms That Address Lack of Appropriate Margin in Derivatives Trades; Reforms That Address Hedge Fund Runs on Prime Brokers; Reforms That Address Short SellingReforms That Address Risk-Management Incentives Reforms That Address the Liquidity and Leverage of Hedge Fund Portfolios; Summary; CHAPTER SIX: Conclusion; APPENDIX: Regulatory Reforms That Address Potential Systemic Risks; ReferencesThis report explores the extent to which hedge funds create or contribute to systemic risk, the role they played in the financial crisis, and whether and how the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 addresses the potential systemic risks posed by hedge funds.Rand Corporation monograph series.Hedge fundsUnited StatesMutual fundsUnited StatesHedge fundsMutual funds332.64524Dixon Lloyd S910145Clancy Noreen910146Kumar Krishna B48418Rand Corporation.MiAaPQMiAaPQMiAaPQBOOK9910220157003321Hedge funds and systemic risk2256796UNINA