Author: Susan Briante
Publisher:
ISBN: 9781934103647
Category : American poetry
Languages : en
Pages : 0
Book Description
Poetry. In THE MARKET WONDERS, the Market itself becomes a thinking person: lover, parent, poet, philosopher. The first section reads as if the Dow Jones and the Dao De Jing had been playfully conflated; like the latter work, this is a "Book of Changes" and a work of philosophy. The speaker of these poems focuses tightly on the developing consciousness of her infant daughter, and then broadly on world events, in what they call "total awareness, incessant recording." While the timeline of the book's contents almost numbly identifies days by the closing numbers of that day's Dow, the mathematics at play are much wider than market measurements. They include theoretical physics-with the poet insisting the market penetrates all events-and brain physiology, as well as the purpose of poetry itself. Briante pushes the poetic domain beyond the lyric, beyond traditional subjects like nature (although the poet's consciousness omits nothing: cardinals in a tree, for instance), and into enumeration as meditation, money movement as an overarching shared consciousness. Briante turns the expectations of poetry upside down when she explains, "I wish more poets would write about money," and a fairytale narrated in footnotes suddenly has exact measurement thrust into it. By the end of the book, we see how financial theories, rightly or wrongly applied can distort the ordinary acts of living, impoverish entire communities. There is nothing, however, impoverished about THE MARKET WONDERS, a work rich with marvels drawn from our ordinary world. "Across the bottom of our imported flat-screen televisions race the names of the winners and the losers: NFL and NBA scores, Dow Jones Industrial Averages, news on the most recent school shooting or celebrity overdose. Amidst this incessant flagellation of news that is incapable of staying news, Susan Briante has imagined a remarkable poetics for our post-Occupy lives. Intimate yet public, THE MARKET WONDERS creates nothing short of a new linguistic bridge between revelation and awe." Mark Nowak "Poetry's conventions tend to assume that poetry does not need to bother itself with the economic machinations of something like the Dow. These conventions are wrong and Susan Briante's THE MARKET WONDERS proves it. This is poetry that is only the richer for how it weaves the economics that shape our daily lives into it. This is one of the most beautiful and moving books I have read in recent years." Juliana Spahr "An intimate almanac of family life, Susan Briante's newest book also describes the collisions between an I and late capitalism. In this way, the market becomes a throat, a tree, a poet it becomes the inorganic force Briante brushes and glances in her poems: 'Always a story, no matter how avant-garde you live, ' a poet tells the speaker in a dream. THE MARKET WONDERS is a devastating meditation on value and love and economy, a book that asks its readers to pay careful heed of the markets' inescapable trespass into our interior lives. This book is not just stunning, it's also important, a clarion call." Carmen Gimenez Smith"
The Market Wonders
Author: Susan Briante
Publisher:
ISBN: 9781934103647
Category : American poetry
Languages : en
Pages : 0
Book Description
Poetry. In THE MARKET WONDERS, the Market itself becomes a thinking person: lover, parent, poet, philosopher. The first section reads as if the Dow Jones and the Dao De Jing had been playfully conflated; like the latter work, this is a "Book of Changes" and a work of philosophy. The speaker of these poems focuses tightly on the developing consciousness of her infant daughter, and then broadly on world events, in what they call "total awareness, incessant recording." While the timeline of the book's contents almost numbly identifies days by the closing numbers of that day's Dow, the mathematics at play are much wider than market measurements. They include theoretical physics-with the poet insisting the market penetrates all events-and brain physiology, as well as the purpose of poetry itself. Briante pushes the poetic domain beyond the lyric, beyond traditional subjects like nature (although the poet's consciousness omits nothing: cardinals in a tree, for instance), and into enumeration as meditation, money movement as an overarching shared consciousness. Briante turns the expectations of poetry upside down when she explains, "I wish more poets would write about money," and a fairytale narrated in footnotes suddenly has exact measurement thrust into it. By the end of the book, we see how financial theories, rightly or wrongly applied can distort the ordinary acts of living, impoverish entire communities. There is nothing, however, impoverished about THE MARKET WONDERS, a work rich with marvels drawn from our ordinary world. "Across the bottom of our imported flat-screen televisions race the names of the winners and the losers: NFL and NBA scores, Dow Jones Industrial Averages, news on the most recent school shooting or celebrity overdose. Amidst this incessant flagellation of news that is incapable of staying news, Susan Briante has imagined a remarkable poetics for our post-Occupy lives. Intimate yet public, THE MARKET WONDERS creates nothing short of a new linguistic bridge between revelation and awe." Mark Nowak "Poetry's conventions tend to assume that poetry does not need to bother itself with the economic machinations of something like the Dow. These conventions are wrong and Susan Briante's THE MARKET WONDERS proves it. This is poetry that is only the richer for how it weaves the economics that shape our daily lives into it. This is one of the most beautiful and moving books I have read in recent years." Juliana Spahr "An intimate almanac of family life, Susan Briante's newest book also describes the collisions between an I and late capitalism. In this way, the market becomes a throat, a tree, a poet it becomes the inorganic force Briante brushes and glances in her poems: 'Always a story, no matter how avant-garde you live, ' a poet tells the speaker in a dream. THE MARKET WONDERS is a devastating meditation on value and love and economy, a book that asks its readers to pay careful heed of the markets' inescapable trespass into our interior lives. This book is not just stunning, it's also important, a clarion call." Carmen Gimenez Smith"
Publisher:
ISBN: 9781934103647
Category : American poetry
Languages : en
Pages : 0
Book Description
Poetry. In THE MARKET WONDERS, the Market itself becomes a thinking person: lover, parent, poet, philosopher. The first section reads as if the Dow Jones and the Dao De Jing had been playfully conflated; like the latter work, this is a "Book of Changes" and a work of philosophy. The speaker of these poems focuses tightly on the developing consciousness of her infant daughter, and then broadly on world events, in what they call "total awareness, incessant recording." While the timeline of the book's contents almost numbly identifies days by the closing numbers of that day's Dow, the mathematics at play are much wider than market measurements. They include theoretical physics-with the poet insisting the market penetrates all events-and brain physiology, as well as the purpose of poetry itself. Briante pushes the poetic domain beyond the lyric, beyond traditional subjects like nature (although the poet's consciousness omits nothing: cardinals in a tree, for instance), and into enumeration as meditation, money movement as an overarching shared consciousness. Briante turns the expectations of poetry upside down when she explains, "I wish more poets would write about money," and a fairytale narrated in footnotes suddenly has exact measurement thrust into it. By the end of the book, we see how financial theories, rightly or wrongly applied can distort the ordinary acts of living, impoverish entire communities. There is nothing, however, impoverished about THE MARKET WONDERS, a work rich with marvels drawn from our ordinary world. "Across the bottom of our imported flat-screen televisions race the names of the winners and the losers: NFL and NBA scores, Dow Jones Industrial Averages, news on the most recent school shooting or celebrity overdose. Amidst this incessant flagellation of news that is incapable of staying news, Susan Briante has imagined a remarkable poetics for our post-Occupy lives. Intimate yet public, THE MARKET WONDERS creates nothing short of a new linguistic bridge between revelation and awe." Mark Nowak "Poetry's conventions tend to assume that poetry does not need to bother itself with the economic machinations of something like the Dow. These conventions are wrong and Susan Briante's THE MARKET WONDERS proves it. This is poetry that is only the richer for how it weaves the economics that shape our daily lives into it. This is one of the most beautiful and moving books I have read in recent years." Juliana Spahr "An intimate almanac of family life, Susan Briante's newest book also describes the collisions between an I and late capitalism. In this way, the market becomes a throat, a tree, a poet it becomes the inorganic force Briante brushes and glances in her poems: 'Always a story, no matter how avant-garde you live, ' a poet tells the speaker in a dream. THE MARKET WONDERS is a devastating meditation on value and love and economy, a book that asks its readers to pay careful heed of the markets' inescapable trespass into our interior lives. This book is not just stunning, it's also important, a clarion call." Carmen Gimenez Smith"
Stewards of the Market
Author: Mitchel Y. Abolafia
Publisher: Harvard University Press
ISBN: 0674980786
Category : Business & Economics
Languages : en
Pages : 225
Book Description
A fast-paced, behind-closed-doors account of the Federal Reserve’s decision making during the 2008 financial crisis, showing how Fed policymakers overcame their own assumptions to contain the disaster. The financial crisis of 2008 led to the collapse of several major banks and thrust the US economy into the deepest recession since the Great Depression. The Federal Reserve was the agency most responsible for maintaining the nation’s economic stability. And the Fed’s Open Market Committee was a twelve-member body at the epicenter, making sense of the unfolding crisis and fashioning a response. This is the story of how they failed, learned, and staved off catastrophe. Drawing on verbatim transcripts of the committee’s closed-door meetings, Mitchel Abolafia puts readers in the room with the Federal Reserve’s senior policymaking group. Abolafia uncovers what the Fed’s policymakers knew before, during, and after the collapse. He explores how their biases and intellectual commitments both helped and hindered as they made sense of the emergency. In an original contribution to the sociology of finance, Stewards of the Market examines the social and cultural factors that shaped the Fed’s response, one marked by missed cues and analytic failures but also by successful improvisations and innovations. Ideas, traditions, and power all played their roles in the Fed’s handling of the crisis. In particular, Abolafia demonstrates that the Fed’s adherence to conflicting theories of self-correcting markets contributed to the committee’s doubts and decisions. A vivid portrait of the world’s most powerful central bank in a moment of high stakes, Stewards of the Market is rich with insights for the next financial downturn.
Publisher: Harvard University Press
ISBN: 0674980786
Category : Business & Economics
Languages : en
Pages : 225
Book Description
A fast-paced, behind-closed-doors account of the Federal Reserve’s decision making during the 2008 financial crisis, showing how Fed policymakers overcame their own assumptions to contain the disaster. The financial crisis of 2008 led to the collapse of several major banks and thrust the US economy into the deepest recession since the Great Depression. The Federal Reserve was the agency most responsible for maintaining the nation’s economic stability. And the Fed’s Open Market Committee was a twelve-member body at the epicenter, making sense of the unfolding crisis and fashioning a response. This is the story of how they failed, learned, and staved off catastrophe. Drawing on verbatim transcripts of the committee’s closed-door meetings, Mitchel Abolafia puts readers in the room with the Federal Reserve’s senior policymaking group. Abolafia uncovers what the Fed’s policymakers knew before, during, and after the collapse. He explores how their biases and intellectual commitments both helped and hindered as they made sense of the emergency. In an original contribution to the sociology of finance, Stewards of the Market examines the social and cultural factors that shaped the Fed’s response, one marked by missed cues and analytic failures but also by successful improvisations and innovations. Ideas, traditions, and power all played their roles in the Fed’s handling of the crisis. In particular, Abolafia demonstrates that the Fed’s adherence to conflicting theories of self-correcting markets contributed to the committee’s doubts and decisions. A vivid portrait of the world’s most powerful central bank in a moment of high stakes, Stewards of the Market is rich with insights for the next financial downturn.
The Wonders
Author: Elena Medel
Publisher: Algonquin Books
ISBN: 1643752111
Category : Fiction
Languages : en
Pages : 241
Book Description
"Through the rich inner lives of two ordinary, unforgettable women, award-winning Spanish poet Elena Medel brings a half-century of the feminist movement to life, revealing the simmering truth that money is ultimately the limiting factor in most women's lives"--
Publisher: Algonquin Books
ISBN: 1643752111
Category : Fiction
Languages : en
Pages : 241
Book Description
"Through the rich inner lives of two ordinary, unforgettable women, award-winning Spanish poet Elena Medel brings a half-century of the feminist movement to life, revealing the simmering truth that money is ultimately the limiting factor in most women's lives"--
Wonder of Wonders
Author: Alisa Solomon
Publisher: Macmillan + ORM
ISBN: 0805095292
Category : Performing Arts
Languages : en
Pages : 484
Book Description
A sparkling and eye-opening history of the Broadway musical that changed the world In the half-century since its premiere, Fiddler on the Roof has had an astonishing global impact. Beloved by audiences the world over, performed from rural high schools to grand state theaters, Fiddler is a supremely potent cultural landmark. In a history as captivating as its subject, award-winning drama critic Alisa Solomon traces how and why the story of Tevye the milkman, the creation of the great Yiddish writer Sholem-Aleichem, was reborn as blockbuster entertainment and a cultural touchstone, not only for Jews and not only in America. It is a story of the theater, following Tevye from his humble appearance on the New York Yiddish stage, through his adoption by leftist dramatists as a symbol of oppression, to his Broadway debut in one of the last big book musicals, and his ultimate destination—a major Hollywood picture. Solomon reveals how the show spoke to the deepest conflicts and desires of its time: the fraying of tradition, generational tension, the loss of roots. Audiences everywhere found in Fiddler immediate resonance and a usable past, whether in Warsaw, where it unlocked the taboo subject of Jewish history, or in Tokyo, where the producer asked how Americans could understand a story that is "so Japanese." Rich, entertaining, and original, Wonder of Wonders reveals the surprising and enduring legacy of a show about tradition that itself became a tradition. Wonder of wonders, miracle of miracles.
Publisher: Macmillan + ORM
ISBN: 0805095292
Category : Performing Arts
Languages : en
Pages : 484
Book Description
A sparkling and eye-opening history of the Broadway musical that changed the world In the half-century since its premiere, Fiddler on the Roof has had an astonishing global impact. Beloved by audiences the world over, performed from rural high schools to grand state theaters, Fiddler is a supremely potent cultural landmark. In a history as captivating as its subject, award-winning drama critic Alisa Solomon traces how and why the story of Tevye the milkman, the creation of the great Yiddish writer Sholem-Aleichem, was reborn as blockbuster entertainment and a cultural touchstone, not only for Jews and not only in America. It is a story of the theater, following Tevye from his humble appearance on the New York Yiddish stage, through his adoption by leftist dramatists as a symbol of oppression, to his Broadway debut in one of the last big book musicals, and his ultimate destination—a major Hollywood picture. Solomon reveals how the show spoke to the deepest conflicts and desires of its time: the fraying of tradition, generational tension, the loss of roots. Audiences everywhere found in Fiddler immediate resonance and a usable past, whether in Warsaw, where it unlocked the taboo subject of Jewish history, or in Tokyo, where the producer asked how Americans could understand a story that is "so Japanese." Rich, entertaining, and original, Wonder of Wonders reveals the surprising and enduring legacy of a show about tradition that itself became a tradition. Wonder of wonders, miracle of miracles.
Last Stop on Market Street
Author: Matt de la Peña
Publisher: Penguin
ISBN: 0399257748
Category : Juvenile Fiction
Languages : en
Pages : 34
Book Description
#1 New York Times Bestseller A USA Today Bestseller Winner of the Newbery Medal A Caldecott Honor Book A Coretta Scott King Illustrator Honor Book This award-winning modern classic—a must-have for every child’s home library—is an inclusive ode to kindness, empathy, gratitude, and finding joy in unexpected places, and celebrates the special bond between a curious young boy and his loving grandmother. Every Sunday after church, CJ and his grandma ride the bus across town. But today, CJ wonders why they don’t own a car like his friend Colby. Why doesn’t he have an iPod like the boys on the bus? How come they always have to get off in the dirty part of town? Each question is met with an encouraging answer from grandma, who helps him see the beauty—and fun—in their routine and the world around them. This energetic ride through a bustling city highlights the wonderful perspective only grandparent and grandchild can share, and comes to life through Matt de la Peña’s vibrant text and Christian Robinson’s radiant illustrations.
Publisher: Penguin
ISBN: 0399257748
Category : Juvenile Fiction
Languages : en
Pages : 34
Book Description
#1 New York Times Bestseller A USA Today Bestseller Winner of the Newbery Medal A Caldecott Honor Book A Coretta Scott King Illustrator Honor Book This award-winning modern classic—a must-have for every child’s home library—is an inclusive ode to kindness, empathy, gratitude, and finding joy in unexpected places, and celebrates the special bond between a curious young boy and his loving grandmother. Every Sunday after church, CJ and his grandma ride the bus across town. But today, CJ wonders why they don’t own a car like his friend Colby. Why doesn’t he have an iPod like the boys on the bus? How come they always have to get off in the dirty part of town? Each question is met with an encouraging answer from grandma, who helps him see the beauty—and fun—in their routine and the world around them. This energetic ride through a bustling city highlights the wonderful perspective only grandparent and grandchild can share, and comes to life through Matt de la Peña’s vibrant text and Christian Robinson’s radiant illustrations.
Aquinas and the Market
Author: Mary L. Hirschfeld
Publisher: Harvard University Press
ISBN: 0674988604
Category : Business & Economics
Languages : en
Pages : 288
Book Description
Economists and theologians usually inhabit different intellectual worlds. Economists investigate the workings of markets and tend to set ethical questions aside. Theologians, anxious to take up concerns raised by market outcomes, often dismiss economics and lose insights into the influence of market incentives on individual behavior. Mary L. Hirschfeld, who was a professor of economics for fifteen years before training as a theologian, seeks to bridge these two fields in this innovative work about economics and the thought of St. Thomas Aquinas. According to Hirschfeld, an economics rooted in Thomistic thought integrates many of the insights of economists with a larger view of the good life, and gives us critical purchase on the ethical shortcomings of modern capitalism. In a Thomistic approach, she writes, ethics and economics cannot be reconciled if we begin with narrow questions about fair wages or the acceptability of usury. Rather, we must begin with an understanding of how economic life serves human happiness. The key point is that material wealth is an instrumental good, valuable only to the extent that it allows people to flourish. Hirschfeld uses that insight to develop an account of a genuinely humane economy in which pragmatic and material concerns matter but the pursuit of wealth for its own sake is not the ultimate goal. The Thomistic economics that Hirschfeld outlines is thus capable of dealing with our culture as it is, while still offering direction about how we might make the economy better serve the human good.
Publisher: Harvard University Press
ISBN: 0674988604
Category : Business & Economics
Languages : en
Pages : 288
Book Description
Economists and theologians usually inhabit different intellectual worlds. Economists investigate the workings of markets and tend to set ethical questions aside. Theologians, anxious to take up concerns raised by market outcomes, often dismiss economics and lose insights into the influence of market incentives on individual behavior. Mary L. Hirschfeld, who was a professor of economics for fifteen years before training as a theologian, seeks to bridge these two fields in this innovative work about economics and the thought of St. Thomas Aquinas. According to Hirschfeld, an economics rooted in Thomistic thought integrates many of the insights of economists with a larger view of the good life, and gives us critical purchase on the ethical shortcomings of modern capitalism. In a Thomistic approach, she writes, ethics and economics cannot be reconciled if we begin with narrow questions about fair wages or the acceptability of usury. Rather, we must begin with an understanding of how economic life serves human happiness. The key point is that material wealth is an instrumental good, valuable only to the extent that it allows people to flourish. Hirschfeld uses that insight to develop an account of a genuinely humane economy in which pragmatic and material concerns matter but the pursuit of wealth for its own sake is not the ultimate goal. The Thomistic economics that Hirschfeld outlines is thus capable of dealing with our culture as it is, while still offering direction about how we might make the economy better serve the human good.
The Sound Book: The Science of the Sonic Wonders of the World
Author: Trevor Cox
Publisher: W. W. Norton & Company
ISBN: 039324282X
Category : Science
Languages : en
Pages : 391
Book Description
"A lucid and passionate case for a more mindful way of listening to and engaging with musical, natural, and manmade sounds." —New York Times In this tour of the world’s most unexpected sounds, Trevor Cox—the “David Attenborough of the acoustic realm” (Observer)—discovers the world’s longest echo in a hidden oil cavern in Scotland, unlocks the secret of singing sand dunes in California, and alerts us to the aural gems that exist everywhere in between. Using the world’s most amazing acoustic phenomena to reveal how sound works in everyday life, The Sound Book inspires us to become better listeners in a world dominated by the visual and to open our ears to the glorious cacophony all around us.
Publisher: W. W. Norton & Company
ISBN: 039324282X
Category : Science
Languages : en
Pages : 391
Book Description
"A lucid and passionate case for a more mindful way of listening to and engaging with musical, natural, and manmade sounds." —New York Times In this tour of the world’s most unexpected sounds, Trevor Cox—the “David Attenborough of the acoustic realm” (Observer)—discovers the world’s longest echo in a hidden oil cavern in Scotland, unlocks the secret of singing sand dunes in California, and alerts us to the aural gems that exist everywhere in between. Using the world’s most amazing acoustic phenomena to reveal how sound works in everyday life, The Sound Book inspires us to become better listeners in a world dominated by the visual and to open our ears to the glorious cacophony all around us.
Wonders
Author: Rhonda Rubenstein
Publisher: Chronicle Books
ISBN: 1452164673
Category :
Languages : en
Pages : 147
Book Description
Nature is full of fleeting wonders. This breathtaking collection of nature photography reveals rare creatures, transports us to distant landscapes, and captures uncommon moments of drama and beauty in the natural world. From a heart-pounding shot of the Wildebeest Migration to a glimpse of the elusive Pampas cat, each image tells a story about the diversity and grandeur of life on earth. Bold, surprising, and jaw-droppingly beautiful, these photographs are all winners of the California Academy of Sciences' BigPicture Natural World Photography Competition. With more than 100 photographs and captions explaining the scientific phenomena and photographic techniques behind each picture, this book will captivate nature lovers, science enthusiasts, photographers, and adventurers.
Publisher: Chronicle Books
ISBN: 1452164673
Category :
Languages : en
Pages : 147
Book Description
Nature is full of fleeting wonders. This breathtaking collection of nature photography reveals rare creatures, transports us to distant landscapes, and captures uncommon moments of drama and beauty in the natural world. From a heart-pounding shot of the Wildebeest Migration to a glimpse of the elusive Pampas cat, each image tells a story about the diversity and grandeur of life on earth. Bold, surprising, and jaw-droppingly beautiful, these photographs are all winners of the California Academy of Sciences' BigPicture Natural World Photography Competition. With more than 100 photographs and captions explaining the scientific phenomena and photographic techniques behind each picture, this book will captivate nature lovers, science enthusiasts, photographers, and adventurers.
Fresh-Picked Poetry
Author: Michelle Schaub
Publisher: Charlesbridge Publishing
ISBN: 1632895730
Category : Juvenile Nonfiction
Languages : en
Pages : 34
Book Description
This collection of poems takes young readers to a day at an urban farmers’ market. Who to see, what to eat, and how produce is grown—it’s all so exciting, fresh, and delicious. Readers are invited to peruse the stands and inspect vendors’ wares with poems like “Farmer Greg’s Free-Range Eggs,” “Summer Checklist,” and “Necessary Mess.” Bright and vibrant, this is the perfect guide for little ones to take with them on marketing day to inspire literacy and healthy eating. A pleasing window into the world of the farmers’ market — School Library Journal, starred review Sprightly illustrations and engaging rhymes will leave readers eager to sample market bounty — Kirkus Reviews This cheerful collection of verse offers an enticing introduction to farmers’ markets — Booklist
Publisher: Charlesbridge Publishing
ISBN: 1632895730
Category : Juvenile Nonfiction
Languages : en
Pages : 34
Book Description
This collection of poems takes young readers to a day at an urban farmers’ market. Who to see, what to eat, and how produce is grown—it’s all so exciting, fresh, and delicious. Readers are invited to peruse the stands and inspect vendors’ wares with poems like “Farmer Greg’s Free-Range Eggs,” “Summer Checklist,” and “Necessary Mess.” Bright and vibrant, this is the perfect guide for little ones to take with them on marketing day to inspire literacy and healthy eating. A pleasing window into the world of the farmers’ market — School Library Journal, starred review Sprightly illustrations and engaging rhymes will leave readers eager to sample market bounty — Kirkus Reviews This cheerful collection of verse offers an enticing introduction to farmers’ markets — Booklist
Markets, Minds, and Money
Author: Miguel Urquiola
Publisher: Harvard University Press
ISBN: 0674246608
Category : Business & Economics
Languages : en
Pages : 361
Book Description
A colorful history of US research universities, and a market-based theory of their global success. American education has its share of problems, but it excels in at least one area: university-based research. That’s why American universities have produced more Nobel Prize winners than those of the next twenty-nine countries combined. Economist Miguel Urquiola argues that the principal source of this triumph is a free-market approach to higher education. Until the late nineteenth century, research at American universities was largely an afterthought, suffering for the same reason that it now prospers: the free market permits institutional self-rule. Most universities exploited that flexibility to provide what well-heeled families and church benefactors wanted. They taught denominationally appropriate materials and produced the next generation of regional elites, no matter the students’—or their instructors’—competence. These schools were nothing like the German universities that led the world in research and advanced training. The American system only began to shift when certain universities, free to change their business model, realized there was demand in the industrial economy for students who were taught by experts and sorted by talent rather than breeding. Cornell and Johns Hopkins led the way, followed by Harvard, Columbia, and a few dozen others that remain centers of research. By the 1920s the United States was well on its way to producing the best university research. Free markets are not the solution for all educational problems. Urquiola explains why they are less successful at the primary and secondary level, areas in which the United States often lags. But the entrepreneurial spirit has certainly been the key to American leadership in the research sector that is so crucial to economic success.
Publisher: Harvard University Press
ISBN: 0674246608
Category : Business & Economics
Languages : en
Pages : 361
Book Description
A colorful history of US research universities, and a market-based theory of their global success. American education has its share of problems, but it excels in at least one area: university-based research. That’s why American universities have produced more Nobel Prize winners than those of the next twenty-nine countries combined. Economist Miguel Urquiola argues that the principal source of this triumph is a free-market approach to higher education. Until the late nineteenth century, research at American universities was largely an afterthought, suffering for the same reason that it now prospers: the free market permits institutional self-rule. Most universities exploited that flexibility to provide what well-heeled families and church benefactors wanted. They taught denominationally appropriate materials and produced the next generation of regional elites, no matter the students’—or their instructors’—competence. These schools were nothing like the German universities that led the world in research and advanced training. The American system only began to shift when certain universities, free to change their business model, realized there was demand in the industrial economy for students who were taught by experts and sorted by talent rather than breeding. Cornell and Johns Hopkins led the way, followed by Harvard, Columbia, and a few dozen others that remain centers of research. By the 1920s the United States was well on its way to producing the best university research. Free markets are not the solution for all educational problems. Urquiola explains why they are less successful at the primary and secondary level, areas in which the United States often lags. But the entrepreneurial spirit has certainly been the key to American leadership in the research sector that is so crucial to economic success.