NEW CFG YOUTUBE TALK JULY 2012: FEINER ON PAST AND FUTURE

July 9, 2012 on 3:57 pm | In Books, CFG, Development, Economics, Financial, Globalization, History, World-System | Comments Off

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“long term global econo-history with implications for

the future”

(part 1)

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VID00008.AVILawrence Feiner 07-04-12

Lawrence Feiner CFG

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REVIEW OF CFG BOOK: “REAGAN REVOLUTION…”

May 30, 2012 on 9:35 pm | In Books, CFG, Development, Globalization, History, Literary | Comments Off

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“The Reagan Revolution and the Developing Countries (1980-1990):

A Seminal Decade for Predicting the World Economic Future”

Lawrence Feiner and Richard Melson

iUniverse, 353 pages, (paperback) $23.94, 978-1-4620-6189-1

(Reviewed: May, 2012)

Lawrence Feiner and Richard Melson, both former principals of the Cambridge Forecast Group, have written a sharp challenge to prevailing economic thought.

The authors argue that despite the chaos that seems to have enveloped the world economy since the end of the Cold War (as typified in the writings of Francis Fukuyama, Zbigniew Brzezinski, and Daniel Patrick Moynihan), the direction and development of world economic history is, in fact, quite predictable.

Proponents of controversial “New Growth Theories,” Feiner and Melson argue that human capital and knowledge are quantifiable variables that, using mathematical formulae, can be both identified and extrapolated to the future. Once identified, an economic future can be reasonably predicted. Their work leads them to conclude that a post-Cold War economic world will revolve around a rapid shifting of economic priorities, emphasizing the needs and contributions of the developing world.

This is decidedly not a book for beginners in economics. It is a dense, detailed read, full of equations; readers should take the authors seriously with their oft-repeated asides that knowledge of basic calculus will enhance a person’s ability to understand the book. Specialists will, to be sure, find the book’s argument thought provoking. But they are likely to be frustrated by the authors’ use of several competing styles of citation and the absence of a list of the works cited or bibliography to help the reader translate the citations. Both specialist and generalist alike will also be distracted by the number of typographical errors. (One must pause when reading a book on economics that misspells the name of Milton Friedman.)

Decidedly not a book on the Reagan Revolution (which receives only a few pages here), this book does dare the economic specialist to think outside the box, and to consider a theory that might well explain where the world economy is heading. For that, this provocative book has merit.

BlueInk Heads Up: Despite the typographical flaws, professional economists and professors of economics will find this book both appealing and important.

The Reagan Revolution and the Developing Countries (1980-1990):

A Seminal Decade for Predicting the World Economic Future

Lawrence Feiner and Richard Melson
iUniverse, 353 pages, (paperback) $23.94, 978-1-4620-6189-1

(Reviewed: May, 2012)

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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 Off

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CLICK ON:

http://www.youtube.com/watch?v=uGSCWK248dA

CAMBRIDGE FORECAST GROUP: LAWRENCE FEINER CFG YOUTUBE APRIL 19 2012: EINSTEIN’S LETTER
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the reagan revolution and the developing countries (1980-1990) a seminal decade for predicting the world economic future

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/
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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)

Lawrence Feiner

(the fall of Communism and its impact on race relations)

http://www.youtube.com/watch?v=L3YXVjSAX2I

http://www.youtube.com/watch?v=hB4eQRPF1TI

http://www.youtube.com/watch?v=OMyEKguM9v0
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“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 Off

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Legends 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:

  • Hardcover: 288 pages
  • Publisher: Farrar, Straus and Giroux
  • September 22, 2005
  • Language: English
  • ISBN-10: 0374184992
  • ISBN-13: 978-0374184995
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.
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CAMBRIDGE FORECAST GROUP: HOW TO ORIENT YOURSELF VIA THE CFG BOOK “THE REAGAN REVOLUTION AND THE DEVELOPING COUNTRIES”

March 29, 2012 on 3:16 pm | In Books, CFG, Development, Economics, Financial, Globalization, History, Research, Science & Technology, Third World, USA, World-System | Comments Off

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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 BooksDevelopmentEconomicsFinancialGlobalizationHistoryResearchThird WorldUSAWorld-system 

http://cambridgeforecast.wordpress.com/2011/11/

CAMBRIDGE FORECAST GROUP: “WORLD ECONOMY BIG PREDICTION” BOOK

February 7, 2008 at 4:24 am | Posted in BooksFinancialGlobalizationHistoryResearchScience & Technology,Third World

http://cambridgeforecast.wordpress.com/2008/02/07/cambridge-forecast-group-book-world-economy/

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“RISK SHARING IN FINANCE: THE ISLAMIC FINANCE ALTERNATIVE”

March 25, 2012 on 9:14 pm | In Books, Economics, Financial, Globalization, History, Islam | Comments Off

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Iqbal, Zamir / Mirakhor, Abbas / Askari, Hossein / Krichene, Noureddine

Risk Sharing in Finance
The Islamic Finance Alternative

1. Edition - February 2012
73.90 Euro
2012. 312 Pages, Hardcover
ISBN-10: 0-470-82966-4
ISBN-13: 978-0-470-82966-0 - John Wiley & Sons

Wiley Finance Editions

Detailed description
How the Islamic finance approach to risk can serve as a model for global reform

The recent U.S. financial debacle has affected the entire world and led to major reviews of risk management in financial institutions. Perhaps a simpler alternative is just to adopt the systems used for centuries in Islamic finance. Risk Sharing in Finance expounds upon this novel idea, suggesting that the Islamic financial system can be developed for use around the world by providing a helpful paradigm for crafting global financial reforms.

Demonstrating how Islamic finance can successfully expand its array of risk sharing instruments, for example issuing government shares to finance development projects and placing limits on short sales and leveraging, the book makes a compelling case for thinking outside the box to redevelop a vibrant stock market.
* Provides analysis of the comparative historical, theoretical, and empirical investigation of risk management in both the conventional and the Islamic-type financial systems
* Explores the benefits and the implications of introducing Islamic finance around the world and explains how wider reliance on risk sharing can be implemented
* Establishes a connection between the flawed contemporary Western system of capitalist finance and the ancient, traditional forms of risk-sharing prevalent in Islamic finance

Offering a timely look at financial reform, Risk Sharing in Finance draws on the expertise of author Zamir Iqbal of the World Bank, along with a host of co-authors Abbas Mirakhor, Hossein Askari, and Noureddine Krichene to present a new form of financial reform.

From the contents
Preface ix

Acknowledgments xvii

Glossary xix

PART ONE THE HISTORY AND CAUSES OF FINANCIAL CRISES

CHAPTER 1 A Brief History of Financial Crises and Proposed Reforms 3

CHAPTER 2 Financialization and the Decoupling-Recoupling Hypotheses 31

PART TWO RISK SHARING AND THE ISLAMIC PARADIGM

CHAPTER 3 A Brief History of Risk-Sharing Finance 49

CHAPTER 4 Risk Sharing and the Islamic Finance Paradigm 69

CHAPTER 5 Risk Sharing in the Islamic Financial System: The Building Blocks 95

CHAPTER 6 Risk Sharing and Vibrant Capital Markets in Islamic Finance 115

CHAPTER 7 Portfolio Theory and Asset Pricing 133

CHAPTER 8 Complementary Role of Intermediaries and Markets in Promoting Risk Sharing 159

PART THREE MOVING FORWARD

CHAPTER 9 Enhanced Access to Finance, Social Welfare, and Economic Development under a Risk-Sharing System 181

CHAPTER 10 The Role of Institutions and Governance in Risk Sharing 201

CHAPTER 11 Gaps between the Theory and Practice of Islamic Finance 225

CHAPTER 12 Concluding Remarks 247

References 259

Index 277

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“ORIGINS OF THE CHINESE STATE”: PHILIP KUHN BOOK

March 12, 2012 on 12:13 am | In Asia, Books, China, Development, History | Comments Off

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Origins of the Modern Chinese State 

Philip A. Kuhn (Author)

What is “Chinese” about China’s modern state? This book proposes that the state we see today has developed over the past two centuries largely as a response to internal challenges emerging from the late empire. Well before the Opium War, Chinese confronted such constitutional questions as: How does the scope of political participation affect state power? How is the state to secure a share of society’s wealth? In response to the changing demands of the age, this agenda has been expressed in changing language. Yet, because the underlying pattern remains recognizable, the modernization of the state in response to foreign aggression can be studied in longer perspective.

The author offers three concrete studies to illustrate the constitutional agenda in action: how the early nineteenth-century scholar-activist Wei Yuan confronted the relation between broadened political participation and authoritarian state power; how the reformist proposals of the influential scholar Feng Guifen were received by mainstream bureaucrats during the 1898 reform movement; and how fiscal problems of the late empire formed a backdrop to agricultural collectivization in the 1950s. In each case, the author presents the “modern” constitutional solution as only the most recent answer to old Chinese questions. The book concludes by describing the transformation of the constitutional agenda over the course of the modern period.

Review

“This is a work of the first importance, one that successfully attempts to reach both a specialist and a broader audience. . . . It not only offers new and provocative historiographic arguments, but also recasts the familiar outline of post-1800 Chinese history in consistently novel and refreshing terms. . . . Both audiences will be intrigued by its implications for contemporary Chinese politics.”—William T. Rowe, Johns Hopkins University

“Fluently argued and genuinely important, this work has value for specialists and generalists alike.”—David E. Kelley, Oberlin College

“Admirers of Kuhn’s own writings will find in this book a consummate summing up of decades of research in late imperial and twentieth-century Chinese history. The chapters move constantly back and forth, across the twentieth-century divide and over to European and American intellectual history, seamlessly meshing archival gems with insights from wenji, gazetteers, and other published sources.”—China Review International

“This is a small book but one packed with much erudition and insight. The Harvard historian, Philip Kuhn, is a master of his craft, filling page after page with the wisdom of his vast experience and expertise.”—Journal of Asian History

What is “Chinese” about China’s modern state? This book proposes that the state we see today has developed over the past two centuries largely as a response to internal challenges emerging from the late empire. Well before the Opium War, Chinese confronted such constitutional questions as: How does the scope of political participation affect state power? How is the state to secure a share of society’s wealth? In response to the changing demands of the age, this agenda has been expressed in changing language. Yet, because the underlying pattern remains recognizable, the modernization of the state in response to foreign aggression can be studied in longer perspective.

The author offers three concrete studies to illustrate the constitutional agenda in action: how the early nineteenth-century scholar-activist Wei Yuan confronted the relation between broadened political participation and authoritarian state power; how the reformist proposals of the influential scholar Feng Guifen were received by mainstream bureaucrats during the 1898 reform movement; and how fiscal problems of the late empire formed a backdrop to agricultural collectivization in the 1950s. In each case, the author presents the “modern” constitutional solution as only the most recent answer to old Chinese questions. The book concludes by describing the transformation of the constitutional agenda over the course of the modern period.

Product Details:

  • Hardcover: 176 pages
  • Publisher: Stanford University Press
  • English  edition
  • November 2001
  • Language: English
  • ISBN-10: 0804742839
  • ISBN-13: 978-0804742832

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