The Monetary System: Analysis and New Approaches to Regulation.pdf
The authors offer an analytic approach distinguishing those financial instruments that are freely transferable and those that can be classified as securitization and CDS as a result of their underlying legal structure from other financial instruments that can often be converted from one category to another. Their new aggregates M5 category encompass all instruments including cash from the Central Bank, in essence all receivables that in counterparty relationships are recorded as debts in some balance sheets, the M6 entry being the total of balance sheets from where the data has to be collected to compare them with revenues. By employing derivatives of M5 and M6 they cover all underlying collateral classes thus allowing a type of comprehensive economic modeling that no other authors have been able to propose. This text offers insights into the present situation of slow growth, rising debts and long term low inflation and puts forward some possible outcomes for the global economy. The authors point out the social role of monetary contracts not only because they are grounding exchanges as it has always been the since ever in the past but also because it's sampling is the tool for redistribution between actors including "sectors" through taxation and inflation and deflation and finally between generations.
"A bold, thought-provoking book.""Times Higher Education""An important book ... full of arresting ideas about love in our time""Los Angeles Review of Books""A significant achievement, a major analysis of love and an important contribution to sociology. It deserves to have a wide readership wherever love is.""The Australian""A valuable and much needed contribution to the Western discussion of how emotions and capitalism influence each other.""KULT_Online""An insightful attempt at tackling the timely and difficult question of the relationship between romantic suffering and (post)modernity.""FWSA Blog""Illouz interrogates the travails of modern love and charts a course through the emotional geography of contemporary feeling ... [This book] will surely prove to make a valuable contribution as an addition to student reading lists, both for the ideas that it puts forward and for the lively debate and heart-felt discussion that it will generate among both women and men.""LSE Review of Books""Like any sociologist worth her salt, Illouz pushes readers to consider how our experience of love might largely be created by the kind of society we live in. Tracing a sort of history of emotions through archives and literature since the Regency era, she argues that in earlier times people's feelings about love and sentiment were quite different from those we take as self-evident ... It is not our own fault love hurts, Illouz tells us; it is inherent to our modern condition.""Inside Story"""Why Love Hurts" is a tour de force, a thrilling read. Unseating the primacy of individual psychology as the reigning explanation for the travails of modern love, and demonstrating the profoundly social nature of our most intimate feelings, Eva Illouz etches a whole new emotional atlas."Laura Kipnis, Northwestern University, and author of "Against Love: A Polemic""Eva Illouz's "Why Love Hurts" is brilliant - the indispensable book on the social power and meaning of sex and love. And with a bonu
Eva Illouz is Rose Isaac Chair of Sociology at the Hebrew University of Jerusalem and a member of the Center for the Study of Rationality. Her previous books include "Cold Intimacies: The Making of ""Emotional Capitalism" and "Consuming the Romantic Utopia: Love and the ""Cultural Contradictions of Capitalism." Her book "Oprah Winfrey and the Glamour of Misery" won the American Sociological Association, Culture Section Best Book Award, in 2005.