BANK FOR INTERNATIONAL SETTLEMENTS APRIL 25-30 2012: GLOBAL ECONOMIC OUTLOOK
April 30, 2012 on 3:45 pm | In Economics, Financial, Globalization, History, Research | Comments OffCentral bankers’ speeches from 25 to 30 April now available
Press, Service (press@bis.org)
Mon 4/30/12
Central bankers’ speeches for 30 April 2012
now available on the BIS website
Prasarn Trairatvorakul: Trust as a pillar of the industry
Pentti Hakkarainen: The growth outlook and the challenge of financial stability
Yoshihisa Morimoto: Economic activity and prices in Japan and monetary policy
Bojan Marković: Strategic management in overcoming the economic and financial crisis
Matthew Elderfield: Recent regulatory developments in Ireland
Vítor Constâncio: Shadow banking – the ECB perspective
Anand Sinha: Strengthening governance in Microfinance Institutions (MFIs) – some random thoughts
Ardian Fullani: Recent economic and monetary developments in Albania
Central bankers’ speeches for 27 April 2012
now available on the BIS website
Paul Tucker: Shadow banking – thoughts for a possible policy agenda
Patrick Honohan: Speeding up the economic correction
Miguel Fernández Ordóñez: Recent developments in the Spanish economy
Central bankers’ speeches for 26 April 2012
now available on the BIS website
Andrew G Haldane: Financial arms races
Mario Draghi: Hearing at the Committee on Economic and Monetary Affairs of the European Parliament
Vítor Constâncio: Presentation of the ECB’s Annual Report 2011 to the European Parliament
Andreas Dombret: Towards a more sustainable Europe
Central bankers’ speeches for 25 April 2012
now available on the BIS website
George A Provopoulos: The strategy for the Greek economy’s exit from the crisis – what is at stake?
K C Chakrabarty: Financial literacy and consumer protection
Jens Weidmann: Global economic outlook – what is the best policy mix?
Bank for International Settlements
Bank for International Settlements (BIS)
Central bankers’ speeches from 25 to 30 April now available
http://www.bis.org/list/cbspeeches/index.htm
BANK FOR INTERNATIONAL SETTLEMENTS APRIL 23-24 2012: HOUSING MARKETS
April 24, 2012 on 3:37 pm | In Economics, Eurozone, Financial, Globalization, History, Research | Comments OffCentral bankers’ speeches for 23 and 24 April now available
Press, Service (press@bis.org)
Tue 4/24/12
Central bankers’ speeches for 24 April 2012
now available on the BIS website
Stefan Gerlach: Housing markets and financial stability
Jörg Asmussen: Key issues about the crisis and the European response
Christian Noyer: The situation in the euro area
Central bankers’ speeches for 23 April 2012
now available on the BIS website
Benoît Cœuré: Risk-sharing in EMU – before, during and after the crisis
Barry Whiteside: Assisting and developing small businesses in Fiji
All speeches from 1997 onwards are available from the BIS website at:
http://www.bis.org/list/cbspeeches/index.htm.
Communications
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Central bankers’ speeches for 23 and 24 April now available
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CFG ON YOUTUBE
April 24, 2012 on 3:03 am | In CFG, Development, Economics, Financial, Globalization, History, Islam, Israel, Judaica, Research, Third World, World-System, Zionism | Comments OffPlease go to Youtube and type in “lawrence feiner” to view four presentations by Lawrence Feiner of Cambridge Forecast Group on the global future and Muslims and Jews in the world-system:
- world future part 1 12-27-11
- world future part 2 03-06-12
- Einstein and the Stern gang 04-24-12
- the fall of Communism and race relations no date
BANK FOR INTERNATIONAL SETTLEMENTS APRIL 20 2012: JAPAN-US ECONOMIC RELATIONS
April 20, 2012 on 2:48 pm | In Economics, Financial, Globalization, History, Japan, Research | Comments OffCentral bankers’ speeches for 20 April now available
Press, Service (press@bis.org)
Fri 4/20/12
Central bankers’ speeches for 20 April 2012
now available on the BIS website
Masaaki Shirakawa: Society, economy and the central bank
Masaaki Shirakawa: Japan-US economic relations – what we can learn from each other
Hirohide Yamaguchi: Agenda for Japan’s economy and challenges facing small and medium-sized enterprises
Peter Praet: The role of the central bank and euro area governments in times of crisis
José Manuel González-Páramo: Future challenges for central bank statistics
All speeches from 1997 onwards are available from the BIS website at:
http://www.bis.org/list/cbspeeches/index.htm.
Communications
Bank for International Settlements
E-mail: press@bis.org
Website: www.bis.org
Phone: +41 61 280 8188
Bank for International Settlements (BIS)
Central bankers’ speeches for 20 April now available
http://www.bis.org/list/cbspeeches/index.htm
Press, Service (press@bis.org)
CAMBRIDGE FORECAST GROUP: LAWRENCE FEINER CFG YOUTUBE APRIL 19 2012: EINSTEIN’S LETTER
April 20, 2012 on 8:47 am | In Books, CFG, Development, Economics, Financial, Globalization, History, Islam, Israel, Palestine, Research | Comments OffCLICK ON:
http://www.youtube.com/watch?v=uGSCWK248dA
CAMBRIDGE FORECAST GROUP: LAWRENCE FEINER CFG YOUTUBE APRIL 19 2012: EINSTEIN’S LETTER

Blog readers want to know:
1. what’s really happening?
2. where am I in all this?
Read:
The Reagan Revolution and the Developing Countries
Cambridge Forecast Group Book
This is a book about the Reagan revolution and the developing countries. It shows why the years (1980-1990) were critical in determining the global economic future. The first chapter is how to think about the future. The second chapter is about growth economic and human capital. The third chapter is about development economic the forth chapter is about the world economy from Charlemagne to the present. The fifth chapter is about the Reagan revolution.
Our book is unique because no other book in our opinion has accurately described just how important the developing world was in Reagan administration policy in our 1979 Japanese book ”world economy/big prediction” the book upon which this book was based, we predicted that in the early 21th century the developing countries would be growing rapidly even as the developed countries stagnated.
About the Authors:
Lawrence Feiner is currently retired. he has a B.S. in math from The Massachusetts Institute of Technology and a Phd in math from M.I.T.. He has previously co-authored numerous Japanese books that were favorably reviewed. He was a principal of the Cambridge Forecast Group specializing in economic forecasting.
Richard Melson is currently retired after working for an investment advisory firm. He got a masters degree in Asian regional economics from Harvard. He has previously co-authored numerous Japanese books that were favorably reviewed. He was a principal of the Cambridge Forecast Group specializing in economic forecasting.
Again:
This is a book about the Reagan revolution and the developing countries. It shows why the years (1980-1990) were critical in determining the global economic future. The first chapter is how to think about the future. The second chapter is about growth economic and human capital. The third chapter is about development economic the fourth chapter is about the world economy from Charlemagne to the present. The fifth chapter is about the Reagan revolution.
Our book is unique because no other book in our opinion has accurately described just how important the developing world was in Reagan administration policy in our 1979 Japanese book ”world economy/big prediction” the book upon which this book was based, we predicted that in the early 21th century the developing countries would be growing rapidly even as the developed countries stagnated.
Click on:
“THE REAGAN REVOLUTION AND THE DEVELOPING COUNTRIES”: NEW CAMBRIDGE FORECAST GROUP BOOK
November 29, 2011 at 7:24 pm | Posted in Books, Development, Economics, Financial, Globalization, History, Research, Third World, USA, World-system
http://cambridgeforecast.wordpress.com/2011/11/
CAMBRIDGE FORECAST GROUP: “WORLD ECONOMY BIG PREDICTION” BOOK
Click On:
http://cambridgeforecast.wordpress.com/2008/02/07/cambridge-forecast-group-book-world-economy/
Cambridge Forecast Group: “World Economy Big Prediction” Book
February 7, 2008 at 4:24 am | Posted in Books, Financial, Globalization, History, Research, Science & Technology,Third World
http://cambridgeforecast.wordpress.com/2008/02/07/cambridge-forecast-group-book-world-economy/

RECENT CAMBRIDGE FORECAST GROUP YOUTUBE
VIDEOS WITH CFG CO-FOUNDER DR. LAWRENCE FEINER
Click On:
Lawrence Feiner Ph.D – 12-27-11 Original air date
(the global future: tv interview part 1)
Lawrence Feiner 03 06 12 – Original air date
(the global future: tv interview part 2)
(the fall of Communism and its impact on race relations)
http://www.youtube.com/watch?v=L3YXVjSAX2I
BANK FOR INTERNATIONAL SETTLEMENTS APRIL 18-19 2012: SYSTEMIC RISK
April 19, 2012 on 11:29 am | In Economics, Financial, Globalization, History, Research | Comments OffCentral bankers’ speeches for 18 and 19 April now available
Press, Service (press@bis.org)
Thu 4/19/12
Central bankers’ speeches for 19 April 2012
now available on the BIS website
Vítor Constâncio: How fit are statistics for use in macro-prudential oversight?
Andreas Dombret: Macroprudential surveillance and statistical challenges
Mark Carney: Summary of the latest Monetary Policy Report
Kiyohiko G Nishimura: Toward overcoming deflationary pressures in Japa
Miguel Fernández Ordóñez: Financial crises – impact and challenges for Spain
Central bankers’ speeches for 18 April 2012
now available on the BIS website
Mario Draghi: Statistics to deliver price stability and mitigate systemic risk
Paul Tucker: Credit conditions for firms – stability and monetary policy
Bank for International Settlements
Bank for International Settlements (BIS)
Central bankers’ speeches for 18 and 19 April now available
BANK FOR INTERNATIONAL SETTLEMENTS APRIL 16 2012: COMMODITY PRICES
April 17, 2012 on 3:41 pm | In Development, Economics, Financial, Globalization, History, Research | Comments OffCentral bankers’ speeches for 16 April now available
Press, Service (press@bis.org)
Tue 4/17/12
Central bankers’ speeches for 16 April 2012
now available on the BIS website
Ardian Fullani: Recent economic and monetary developments in Albania
Erdem Başçi: Latest economic outlook and macroeconomic developments in Turkey
Øystein Olsen: The economic outlook
Ryuzo Miyao: Economic activity, prices, and monetary policy
Ben S Bernanke: Some reflections on the crisis and the policy response
Rodrigo Vergara: Chile’s latest Monetary Policy Report
K C Chakrabarty: Empowering the growth of emerging enterprises
Erdem Başçi: The importance of commodity price movements
All speeches from 1997 onwards are available from the BIS website at:
http://www.bis.org/list/cbspeeches/index.htm.
Communications
Bank for International Settlements
E-mail: press@bis.org
Website: www.bis.org
Phone: +41 61 280 8188
Bank for International Settlements (BIS)
Central bankers’ speeches for 16 April now available
http://www.bis.org/list/cbspeeches/index.htm
Press, Service (press@bis.org)
BANK FOR INTERNATIONAL SETTLEMENTS APRIL 17 2012: OIL REVENUE MANAGEMENT
April 17, 2012 on 2:51 pm | In Economics, Financial, Globalization, History, Research | Comments OffCentral bankers’ speeches for 17 April now available
Press, Service (press@bis.org)
Tue 4/17/12
Central bankers’ speeches for 17 April 2012
now available on the BIS website
Yandraduth Googoolye: Developing the custody market in Mauritius
H R Khan: Enabling affordable housing for all – issues and challenges
DeLisle Worrell: Changes impacting Barbados’ competitive market position
Sanusi Lamido Sanusi: Neither the Washington nor Beijing Consensus – developmental models to fit African realities and cultures
Emmanuel Tumusiime-Mutebile: The Bank of Uganda’s primary dealer system
Emmanuel Tumusiime-Mutebile: Oil revenue management
Njuguna Ndung’u: Working towards an East African Monetary Union
All speeches from 1997 onwards are available from the BIS website at:
http://www.bis.org/list/cbspeeches/index.htm.
Communications
Bank for International Settlements
E-mail: press@bis.org
Website: www.bis.org
Phone: +41 61 280 8188
Bank for International Settlements (BIS)
Central bankers’ speeches for 17 April now available
http://www.bis.org/list/cbspeeches/index.htm
Press, Service (press@bis.org)
“ESSAYS AND LETTERS FROM OCCUPIED POLAND 1942-1943″: CZESLAW MILOSZ BOOK
April 14, 2012 on 3:43 pm | In Art, Books, Germany, History, Literary, Philosophy | Comments OffLegends of Modernity: Essays and Letters from Occupied Poland, 1942-1943
Czeslaw Milosz (Author)
Madeline Levine (Translator)
Jaroslaw Anders (Introduction)
These essays, written in Warsaw in 1942-43 during the Nazi occupation, were his efforts to discover “Why …the European spirit succumb(ed) to such a devastating disaster”.
Book Description
Publication Date: September 22, 2005
Legends of Modernity, now available in English for the first time, brings together some of Czeslaw Milosz’s early essays and letters, composed in German-occupied Warsaw during the winter of 1942-43.
“Why did the European spirit succumb to such a devastating fiasco?” the young Milosz asks. Half a century later, when Legends of Modernity saw its first publication in Poland, Milosz said: “If everything inside you is agitation, hatred, and despair, write measured, perfectly calm sentences…” While the essays here reflect a “perfect calm,” the accompanying contemporaneous exchange of letters between Milosz and Jerzy Andrzejewski express the raw emotions of “agitation, hatred and despair” experienced by these two close friends struggling to understand the proximate causes of this debacle of western civilization, and the relevance, if any, of the teachings of the Catholic church.
Passionate, poignant, and compelling, Legends of Modernity is a deeply moving insight into the mind and emotions of one of the greatest writers of our time.
In his landmark 1953 book, The Captive Mind, Nobel-winning poet and essayist Milosz discoursed on the havoc totalitarian rule plays on the mental processes of intellectuals. Here we see Milosz’s own mind at work in Nazi-occupied Warsaw, crafting essays of ideas, pursuing a fantastically high-minded correspondence with friend and fellow writer Jerzy Andrzejewski, and developing themes inspired by the works of Defoe, Balzac, Gide, Stendhal and Nietzsche. Call it “The Captive Mind in Action.” Curiously, the tension implied by Milosz’s situation is hardly evident in the essays: where one might expect his tone to be skittish, fearful, foreboding, the most remarkable aspect is his ability to ensconce his steady authorial voice so luxuriantly in the unpressing issues of, say, the imaginative projection required today to view Giotto’s medieval saints properly. The most interesting essay demonstrating this phlegmatic tone enlists Tolstoy’s War and Peace to help Milosz understand the global conflagration of his own time. But anger, bitterness and self-recrimination rage in some of the letters, where he says he thinks of writing a “confession… that would exceed in its violence and scream of pain, [the] Romantic era’s settling of accounts of the conscience.” For those who hanker for the high seriousness of continental thinkers like Camus, this volume is a welcome beacon from the past. (Oct. 12)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Review
“Milosz’s essays adroitly reveal the historical contingency at the heart of modern culture’s most cherished values.” — Clare Cavanagh, Bookforum
“These early reflections by Milosz. . .form a remarkable testament to an uncaptive mind consecrated to living in truth.” — Jacob Heilbrunn, The New York Times Book Review
“[This is] Milosz’s attempt to reconcile everything he knows about literature and humanity with the total destruction he was witnessing.” — Anne Applebaum, The New York Sun
Product Details:
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What the greatest poet of the 20th Century was worried about under German occupation, July 14, 2006
This review is from: Legends of Modernity: Essays and Letters from Occupied Poland, 1942-1943 (Hardcover) When Abbe Emmanuel Joseph Sieyes was asked what he did during the French revolution, he responded “J’ai vecu”–”I survived”. For many, that was exactly their ambition when they found themselves in Nazi-occupied Warsaw between 1939 and 1944 and it often involved daily heroism. But today we admire those that joined the armed resistance, the couriers that kept the links with the Government- in-Exile, the teachers that taught in underground schools, and the intellectuals who sought to protect the Polish culture that, in the Nazi scheme of things, had no business existing. “Legends of Modernity” is a collection of eight essays by Milosz and an exchange of nine essay-length letters between Milosz and Jerzy Andrzejewski written in 1942-43. For a reader who would not pay attention to where and when these essays were written, but who was merely interested in the history of European ideas and wanted to observe a keen intelligence at work, there is plenty here to keep him fascinated. “The basic theme, threaded through numerous digressions, is an attempt to clear the field of convictions about man’s natural impulses and also about the natural conditions of his life–not without the hope that by destroying the legends he creates about himself, it will be possible to locate the surest footing. The chapter about Daniel Dafoe is aimed against belief in natural goodness outside of civilization. The chapter about Balzac describes the evil spell cast by civilization conceived of as an automatic process subject to laws of natural evolution. The chapters about Stendhal and Andre Gide grapple with the position of an individual who identified the laws of nature with the laws of human society, and taking it further, arrived at a cult of power. The chapter about William James criticized the acceptance of fictions and legends as a normal condition that we cannot move beyond. The fragment from Tolstoy’s “War and Peace” is used as an example of disillusionment with civilization and the miseries connected with this disillusionment. Marian Zdziechowski makes his appearance as a specimen of religion founded on the innate demands of the heart. The rather long sketch about Stanislaw Ignacy Witkiewicz shines a light on metaphysical theories of art.” (From Milosz’s 1944 Preface) While the essays are quite detached and calm, the letters to and from Andzejewski are less so. Their chief theme is the crisis of the Western Civilization and the role that the Catholic Church might have in rescuing it. The feeling of being affected by what was happening in the streets outside is somewhat easier to discern. One can read this book to be dazzled by the display of critical wisdom by a 30-year old author. Or, one can remember that the writer was a simple laborer in 1942 when this book was written, and one could look at this book as an assertion of independence from the everyday reality, however horrible. In this sense, the book ought to be read alongside books such as Bartoszewski’s “1859 Dni Warszawy” or Szarota’s “Okupowanej Warszawy Dzien Powszedni”. Josif Brodsky saw Milosz as a 20th century Job. Nothing less. (Originally written for the Polish Library in Washington DC) This review is from: Legends of Modernity: Essays and Letters from Occupied Poland, 1942-1943 (Hardcover) Czeslaw Milosz, who won a Nobel Prize for literature in 1980, after becoming a professor at the University of California at Berkeley in 1960, lived in Warsaw when it was occupied by the Nazis during the winter of 1942-1943, and wrote the essays and letters now translated into English in LEGENDS OF MODERNITY during that winter. The book does not have an index, and the Contents on pages v-vi only includes the names of four Polish authors, one of whom (the Catholic writer Jerzy Andrzejewski 1909-1985) wrote four letters to Czeslaw Milosz which are included on pages 160-172, 187-201 (dated September 1, 1942), 213-225, and 239-244. Notes to the 1996 Polish Edition on pages 259-262 reveal that the letters were exchanged in a café in the center of Warsaw, a coffeehouse with two pianos where the bartender was film director Antoni Bohdziewicz. Though the Notes to the Essays on pages 263-266 include French, Dutch, and German writers, the only American cited in “The Boundaries of Art” might be Edgar Allan Poe (n.5, n. 6, and n. 7, p. 265). William James is mentioned in “Absolute Freedom” in connection with Nietzsche, André Gide, and breaking with “Platonism,” the traditional understanding of good and evil. (p. 54). The fascist movements were the first examples to come to mind of man-God themes. (p. 55). As a poet, Czeslaw Milosz has a very intellectual approach to political difficulties in historical times. Rather than attempting to locate the themes which I found interesting in the essays, I would prefer to adopt a bad analogy for the history of the twentieth century and attempt to apply thoughts from Milosz to explain the aspects of the analogy which relate to the contents of this book. Having just done a little research on videos that are currently available about Evel Knievel, I would like to apply his assertion that he was like a Roman general who believed that what was considered impossible would eventually be done. One famous stunt involved a motorcycle jump over the fountain at Caesar’s Palace in Las Vegas. As I remember the video clip shown in the movie starring George Hamilton, Evel Knievel was flying prone over his motorcycle with his hands on the handlebars when the rear wheel of the cycle came down on the short side of the lip at the far edge of the fountain, bouncing the motorcycle up into the vulnerable underside of Evel Knievel’s body, busting bones and rendering Knievel unconscious for a month. The stunt had a certain appeal because many people had seen the fountain at Caesar’s Palace and were genuinely curious about what a motorcycle could do besides wheelies. Whatever terror Evel Knievel may have felt, he was clearly outnumbered by the crowd who wanted to see the stunt accomplished or the splatter that would result otherwise. The first essay in Legends of Modernity, “The Legend of the Island,” on Robinson Crusoe’s island, is about being able to free “himself from the evil influences of the crowd,” (p. 8). “The Legend of the Monster City” examines Balzac’s celebration of “The observer, smiling benignly at the picture of mindless desires and mindless efforts, is like a child standing over an anthill. He inserts a stick and is delighted with the insects’ chaotic scurrying. The crazier the actions of his victims, the more they lead to total infatuation” (pp. 22-23). The third essay, “The Legend of the Will,” discusses THE RED AND THE BLACK by Stendhal. “Julien Sorel is totally consumed by ambition.” (p. 36). “And he gave tit for tat, with hatred and contempt.” (p. 44). As a fellow exile-to-be, Milosz shows great appreciation for “The matter of Stendhal’s national defection (he considered himself spiritually a Milanese, not a Frenchman) demonstrates how much effort he invested in extracting himself from the authority of others’ opinions, how painstakingly he selected his privileged position, a position on the sidelines.” (p. 44). Religion is the main topic considered from William James’s THE VARIETIES OF RELIGIOUS EXPERIENCE in “Beyond Truth and Falsehood.” The same essay ventures into “a contradiction that was the driving force of Byron’s creative work.” (p. 68). Being able to identify the source of creative tension is like Evel Knievel’s ability to conceive of stunts that people would like to see, however dangerously the actual experience might turn out to fall short of the perfect expectation. “Is this the inevitable consequence of the collision of several value systems appearing in a simplified form between the hour of history and the hour of religion? I think not.” (p. 69). Dangerous myths include “the myth of labor or the myth of the dictatorship of the proletariat, propagated by the various branches of Marxism.” (p. 72). An essay, “The Experience of War,” in which “we are condemned to self-examination” (p. 75), takes a stab at Pierre Bezukhov in Tolstoy’s WAR AND PEACE in which, “A vague imperative, incomprehensible even to him, crystallizes into a bizarre decision: Pierre decides to stab Napoleon, the author of all his fatherland’s woes.” (p. 77). Similarly, “To be sure, there is no truth, no beauty, no goodness–but there is German truth, German beauty, and German goodness; and thus the void was filled, and within the confines of the new canon there was room for heroism, dedication, friendship, and so forth.” (p. 82). The following essay, “Zdziechowski’s Religiosity,” considers flirtatiousness as adopting a particular mentalité totally lacking in the statement written in 1922 that, “We are a small part of Europe, we are linked with her fate, we are infected with the same diseases of communism and nationalism as she is, and together with her, biting at each other in a mad rage, we are rushing headlong into the abyss.” (p. 91). Key to understanding the identity of dogma is that it “is constantly acquiring new forms, is continually realized anew, and by the very necessity of struggle in a changing historical environment, it profits from new ways of understanding the world.” (p. 93). This review is from: Legends of Modernity: Essays and Letters from Occupied Poland, 1942-1943 (Hardcover) There are several aspects to ‘Legends of Modernity’ that make it worth recommending – the immediacy of its subject matter, its relevance to today, the lively mind of the author – but above all, I’ll have to admit to developing a sense of hero worship for Czeslaw Milosz since I’ve read it. These essays, written in Warsaw in 1942-43 during the Nazi occupation, were his efforts to discover “Why …the European spirit succumb(ed) to such a devastating disaster”. Watching footage of smiling German crowds cheering Hitler as he stormed through his tirades, I have often wondered the same. Political theory and historical events do not give me satisfactory answers. Perhaps there are none, but Mr. Milosz’s inquest into the spirit of his times, written from amidst the rubble, is an amazing intellectual record – not only because of his insights, which are certainly interesting stepping stones for further thought, but for the man’s grit and tenacity and faith. ‘Legends of Modernity’ is not an account of Mr. Milosz’s experiences during the occupation – that is rarely commented on. Instead, it is an attempt to make sense of events, and its basic thrust is that the particular madness of both National Socialism and Stalinism did not arise circumstantially, but that they flourished because the cumulative effect of humanistic ideas over the centuries had slowly and almost imperceptibly prepared the modern mind to accept destructive ideologies as not only natural but desirable. The author’s contention is that this build-up of humanistic ideas, these ‘legends’, is the skeletal structure on which Modernity is constructed, which in turn set the stage for the various destructive isms of the early and mid twentieth century. That specific observation is probably not groundbreaking, not now or then, though the usual bogeymen for this argument are Nietzche, Marx, and Darwin. Those three have a role to play, according to Mr. Milosz, but only at the end of a long chain – what I found surprising, and fascinating, was how the author connected his ‘modernity legends’ to people with which I would not normally have associated them. Daniel Defoe, Balzac, Stendhal, André Gide, and even William James all take center stage, and illustrate, through their literature, examples of the legends and myths that facilitated man’s rejection of a supernatural force as a limiting factor on his behavior. Though I understood some of these authors and their roles in the formation of modern thought, I’d never before considered them as Mr. Milosz does here – as a linked group reflecting the blow each generation gave in turn to the wedge that society was driving between God and man. The first strike of the wedge’s tip is almost unnoticeable. Robinson Crusoe, somewhat of a prodigal before his shipwreck, discovers religion and a moral life away from ‘wicked’ society, and away from the communal aspects of the church. As Jaroslaw Anders sums up nicely in the introduction, “The human soul becomes its own government and its own church”. The succeeding essays follow this basic idea as it develops and changes through the years, leading up to the pragmatism of William James, which sweeps aside objective truth and only recognizes the ‘truth’ of action. The concluding essays, while still relevant, are not as linearly connected, dealing with the experience of war, and critiques of religious and artistic thought and individuals in the interwar decades of the twenties and thirties. The author isn’t really in the business of drawing dogmatic conclusions, though it isn’t difficult to see where his sympathies lie, especially when you consider the wartime correspondence between Mr. Milosz and Jerzy Andrzejewski, also included in this volume. I have never been interested enough in the personal letters of any figure to read a volume dedicated to it, so I have no experience with which to compare this small selection. Their archival value seems evident, and they do give insight into both men and their thought processes during the occupation, but overall I thought this section weaker than the preceding essays. Much of the argument between the two concerns rationalism and irrationalism, and the role of Catholicism and faith between these two techniques, but their exchange sounds weighty and ponderous to me, almost affected. It isn’t necessary to accept all of Mr. Milosz’s arguments to appreciate this collection – I didn’t, but I found that just by reading the way he framed them that I had a clearer picture of the various ideas and movements (and how they are connected) leading up to the twentieth century. Too often, with these sort of discussions, I find myself sinking into a pit of jargon from which I can’t break free. That doesn’t mean ‘Legends of Modernity’ was easy for me either, just that there didn’t seem to be an artificial barrier between author and reader. Finally, as I read through these essays, I developed a distinctly favorable impression of Czeslaw Milosz, apart from his intellectual powers. This is harder for me to articulate, but I think of him as a role model for the thinking man – a man who didn’t lose himself to the madness that surrounded him. |
BANK FOR INTERNATIONAL SETTLEMENTS APRIL 12-13 2012: THE ECONOMIC OUTLOOK
April 13, 2012 on 2:16 pm | In Economics, Financial, Globalization, History, Research, USA | Comments OffCentral bankers’ speeches for 12 and 13 April now available
Press, Service (press@bis.org)
Fri 4/13/12
Central bankers’ speeches for 13 April 2012
now available on the BIS website
Thomas Jordan: Discussions on the topic of the euro/Swiss franc minimum exchange rate
Janet L Yellen: The economic outlook and monetary policy
Sarah Bloom Raskin: Downturns and recoveries – what the economies in Los Angeles and the United States tell us
Jörg Asmussen: The Irish case from an ECB perspectiv
Central bankers’ speeches for 12 April 2012
now available on the BIS website
H R Khan: Musings on the FEDAI, the forex market and the Indian rupee
Benoît Cœuré: Financing the economy of the euro area – the European Central Bank’s role
Prasarn Trairatvorakul: Economic and financial cooperation between China and Thailand
William C Dudley: The national and regional economic outloo
All speeches from 1997 onwards are available from the BIS website at http://www.bis.org/list/cbspeeches/index.htm
Communications
Bank for International Settlements
E-mail: press@bis.org
Website: www.bis.org
Phone: +41 61 280 8188
Bank for International Settlements
Central bankers’ speeches for 12 and 13 April now available
http://www.bis.org/list/cbspeeches/index.htm
Press, Service (press@bis.org)
Fri 4/13/12
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