The Invisible Hands

Author: Steven Drobny
Publisher: John Wiley & Sons
ISBN: 9781118865620
Release Date: 2013-11-27
Genre: Business & Economics

Hedge fund managers who survived and profited through the 2008 financial crisis share their secrets In light of the colossal losses and amidst the resulting confusion that still lingers, it is time to rethink money management in the broadest of terms. Drastic changes still need to be made, and managers who actually made money during 2008 make for a logical starting place. This updated and revised edition of The Invisible Hands provides investors and traders with the latest thinking from some of the best and the most successful players in money management, highlighting the specific risk and return objectives of each, and discussing the evolution of certain styles and beliefs in money management. Divulges how top financial professionals are looking forward by thinking clearly, managing risk, and seeking a new paradigm of profit making opportunities in the post-crisis world Outlines investments and strategies for the rocky road ahead Gives guidance on how traditional investors such as pensions, endowments, foundations and family offices should rethink how they approach asset allocation and portfolio construction Written by respected industry expert Steven Drobny Page by page, the professionals found in this book reveal their own approaches to markets, risk, and the broader world in which we live, as well as their advice on how investors should be approaching money management in today's uncertain world.

The Invisible Hand

Author: Adam Smith
Publisher: Penguin UK
ISBN: 9780141963358
Release Date: 2008-08-07
Genre: Business & Economics

Adam Smith’s landmark treatise on the free market paved the way for modern capitalism, arguing that competition is the engine of a productive society, and that self-interest will eventually come to enrich the whole community, as if by an ‘invisible hand’. Throughout history, some books have changed the world. They have transformed the way we see ourselves – and each other. They have inspired debate, dissent, war and revolution. They have enlightened, outraged, provoked and comforted. They have enriched lives – and destroyed them. Now Penguin brings you the works of the great thinkers, pioneers, radicals and visionaries whose ideas shook civilization and helped make us who we are.

The Invisible Hands

Author: Steven Drobny
Publisher: Wiley
ISBN: 047060753X
Release Date: 2010-04-05
Genre: Business & Economics

Timely investment advice from the investors who survived—and thrived—during the economic crisis In light of the colossal losses and ongoing difficulties caused by the financial crisis, it's obvious that the time has come to rethink money management in the broadest of terms. Drastic changes are clearly in order, but no new model has yet been implemented. Steven Drobny explores a new model from a simple starting point—by consulting the traders and managers who actually made money during this profoundly difficult period. In The Invisible Hands, top global macro managers reveal their own (clearly successful) approaches to markets and risk, suggesting important tenets for money management in a future, precarious world. Providing money managers and investors with the proven expertise of the best and most successful players in money management and detailing many specific elements of their risk management processes, The Invisible Hands: Outlines investment strategies for the rocky road ahead Provides guidance on how real money managers can implement certain elements of macro hedge fund strategies, developing a new paradigm of portfolio construction anchored in superior risk management Reveals intimate aspects of the investment processes of some of today's top hedge fund managers The book highlights the similarities among successful traders, showing that the investment process should be anchored in understanding the true risk-adjusted returns in your portfolio.

Race and the Invisible Hand

Author: Deirdre Alexia Royster
Publisher: Univ of California Press
ISBN: 0520239512
Release Date: 2003
Genre: Business & Economics

"Deirdre Royster's moving and engaging study convincingly and uniquely captures racial differences in school to work transition. Her data on and analysis of the differential employment experiences and outcomes of comparable young black and white working class males are very compelling. Race and the Invisible Hand is an important book that will be widely read and cited."--William Julius Wilson, author of The Bridge Over the Racial Divide "As acute in its analysis as it is rich in ethnographic detail, Royster's captivating study shows in telling detail how inequalities in the securing of good working class jobs are reproduced in the anything-but-colorblind contemporary United States."--David Roediger, author of Colored White: Transcending the Racial Past "An unflinching look at the experiences of young blue collar job-seekers on both sides of America's color line. This book powerfully demonstrates the hidden workings of racial discrimination today."--Chris Tilly, co- author of Stories Employers Tell: Race, Skill, and Hiring in America "Timely and challenging, this book exposes race as the key arbiter of employment outcomes for young black and white men. This beautifully written study is absolutely essential for policy makers, educators and researchers."--Mary Romero, author of Maid in the USA "An important study. As policymakers keep trying to improve blacks' employment opportunities with new versions of job training programs, Royster shows how irrelevant such efforts are as long as blacks lack access to essential social contacts."--James E. Rosenbaum, author of Beyond College for All: Career Paths for the Forgotten Half "A powerful and original empirical account that persuasively demonstrates how visible hands invisibly reproduce racial inequality in the blue collar trades. Systematically comparing young black and white men who share the same educational credentials, grades, attendance records, commitment to hard work, motivation and character, Royster convincingly illustrates the process through which white students gain the inside track to jobs. Differential employment outcomes, she demonstrates conclusively, are the result of bad old-fashioned race discrimination in new guises."--David Wellman, author of Portraits of White Racism "Accessibly written, Race and the Invisible Hand makes visible the powerful role of racially segregated and race-conscious social networks in creating labor market inequality. This important book is theoretically sophisticated and empirically rich--a must read for students and scholars interested in social networks, employment inequality and how race really works in the United States today."--Donald Tomaskovic-Devey, author of Gender and Racial Inequality at Work "A vitally important contribution to the literature on employment opportunities and race. In a period in which affirmative action is under increasingly bold attack from those who argue that market forces alone should shape employment decisions, this book provides strong empirical support that racially-homogenous acquaintance networks routinely trump the market. One can only hope that appellate and Supreme Court justices read this book."--Troy Duster, co-author of Whitewashing Race "This beautifully written book blows apart the notion that black young men don't get decent blue collar jobs because of their own deficiencies. . .. This is a unique and powerful study of the way racial disadvantage is perpetuated in the working class, even in this era of so-called color blindness. I predict it will be a classic."--Edna Bonacich, coauthor of Behind the Label

The Invisible Hand

Author: Ayad Akhtar
Publisher: Back Bay Books
ISBN: 9780316324502
Release Date: 2015-08-25
Genre: Fiction

A chilling examination of how far we will go to survive and the consequences of the choices we make. In remote Pakistan, Nick Bright awaits his fate. A successful financial trader, Nick is kidnapped by an Islamic militant group, but with no one negotiating his release, he agrees to an unusual plan. He will earn his own ransom by helping his captors manipulate and master the world commodities and currency markets. "[A] tense, provocative thriller about the unholy nexus of international terrorism and big bucks...." (Seattle Times). "Ahktar again turns hypersensitive subjects into thought-provoking and thoughtful drama" (Newsday). "The prime theme is pulsing and alive: when human lives become just one more commodity to be traded, blood eventually flows in the streets" (Financial Times). "Whip-smart and twisty" (Time Out New York), "The Invisible Hand offers genuine insight into the future of the West" (Village Voice).

Invisible Hands

Author: Corinne Goria
Publisher: McSweeney's
ISBN: 9781940450353
Release Date: 2014-05-06
Genre: Political Science

The men and women in Invisible Hands reveal the human rights abuses occurring behind the scenes of the global economy. These narrators — including phone manufacturers in China, copper miners in Zambia, garment workers in Bangladesh, and farmers around the world — reveal the secret history of the things we buy, including lives and communities devastated by low wages, environmental degradation, and political repression. Sweeping in scope and rich in detail, these stories capture the interconnectivity of all people struggling to support themselves and their families. Narrators include Kalpona, a leading Bangladeshi labor organizer who led her first strike at 15; Han, who, as a teenager, began assembling circuit boards for an international electronics company based in Seoul; Albert, a copper miner in Zambia who, during a wage protest, was shot by representatives of the Chinese-owned mining company that he worked for; and Sanjay, who grew up in the shadow of the Bhopal chemical disaster, one of the worst industrial accidents in history.

Slapped by the Invisible Hand

Author: Gary B. Gorton
Publisher: Oxford University Press
ISBN: 0199742111
Release Date: 2010-03-08
Genre: Business & Economics

Originally written for a conference of the Federal Reserve, Gary Gorton's "The Panic of 2007" garnered enormous attention and is considered by many to be the most convincing take on the recent economic meltdown. Now, in Slapped by the Invisible Hand, Gorton builds upon this seminal work, explaining how the securitized-banking system, the nexus of financial markets and instruments unknown to most people, stands at the heart of the financial crisis. Gorton shows that the Panic of 2007 was not so different from the Panics of 1907 or of 1893, except that, in 2007, most people had never heard of the markets that were involved, didn't know how they worked, or what their purposes were. Terms like subprime mortgage, asset-backed commercial paper conduit, structured investment vehicle, credit derivative, securitization, or repo market were meaningless. In this superb volume, Gorton makes all of this crystal clear. He shows that the securitized banking system is, in fact, a real banking system, allowing institutional investors and firms to make enormous, short-term deposits. But as any banking system, it was vulnerable to a panic. Indeed the events starting in August 2007 can best be understood not as a retail panic involving individuals, but as a wholesale panic involving institutions, where large financial firms "ran" on other financial firms, making the system insolvent. An authority on banking panics, Gorton is the ideal person to explain the financial calamity of 2007. Indeed, as the crisis unfolded, he was working inside an institution that played a central role in the collapse. Thus, this book presents the unparalleled and invaluable perspective of a top scholar who was also a key insider.

Beyond the Invisible Hand

Author: Kaushik Basu
Publisher: Princeton University Press
ISBN: 9781400836277
Release Date: 2010-10-25
Genre: Business & Economics

One of the central tenets of mainstream economics is Adam Smith's proposition that, given certain conditions, self-interested behavior by individuals leads them to the social good, almost as if orchestrated by an invisible hand. This deep insight has, over the past two centuries, been taken out of context, contorted, and used as the cornerstone of free-market orthodoxy. In Beyond the Invisible Hand, Kaushik Basu argues that mainstream economics and its conservative popularizers have misrepresented Smith's insight and hampered our understanding of how economies function, why some economies fail and some succeed, and what the nature and role of state intervention might be. Comparing this view of the invisible hand with the vision described by Kafka--in which individuals pursuing their atomistic interests, devoid of moral compunction, end up creating a world that is mean and miserable--Basu argues for collective action and the need to shift our focus from the efficient society to one that is also fair. Using analytic tools from mainstream economics, the book challenges some of the precepts and propositions of mainstream economics. It maintains that, by ignoring the role of culture and custom, traditional economics promotes the view that the current system is the only viable one, thereby serving the interests of those who do well by this system. Beyond the Invisible Hand challenges readers to fundamentally rethink the assumptions underlying modern economic thought and proves that a more equitable society is both possible and sustainable, and hence worth striving for. By scrutinizing Adam Smith's theory, this impassioned critique of contemporary mainstream economics debunks traditional beliefs regarding best economic practices, self-interest, and the social good.

Invisible Hands

Author: Jonathan Sheehan
Publisher: University of Chicago Press
ISBN: 9780226752051
Release Date: 2015-05-29
Genre: History

In Invisible Hands, the historians Jonathan Sheehan and Dror Wahrman identify a defining feature of the eighteenth-century Enlightenment: the decline of God as a source of order in favor of a new model of self-organization.” Sheehan and Warhman provide a novel account of how people on the threshold of modernity understood the continuing presence in the world of apparent disorder, randomness, and chance. If God no longer actively guaranteed that order will always prevail, what or whom did? The answer, the authors argue, was a new appreciation for complexity, new understandings of causality, and new functions for the divine hand. At the foundation of this novel way of thinking was the ability to imagine complex systems--be they natural or human--asself-organizing. Invisible Hands maps and explains the intensifying presence of the languages of self-organization throughout the eighteenth century, proliferating as they did with ever greater sophistication across numerous intellectual domains and cultural arenas. For self-organization was less a theory than a field of new insights: insights into the dynamics of chance and randomness, into the relationship between agency and determinism, into the role of God in a world without hands-on providence.

Landscape with Invisible Hand

Author: M.T. Anderson
Publisher: Candlewick Press
ISBN: 9780763697235
Release Date: 2017-09-12
Genre: Young Adult Fiction

National Book Award winner M. T. Anderson returns to future Earth in a sharply wrought satire of art and truth in the midst of colonization. When the vuvv first landed, it came as a surprise to aspiring artist Adam and the rest of planet Earth — but not necessarily an unwelcome one. Can it really be called an invasion when the vuvv generously offered free advanced technology and cures for every illness imaginable? As it turns out, yes. With his parents’ jobs replaced by alien tech and no money for food, clean water, or the vuvv’s miraculous medicine, Adam and his girlfriend, Chloe, have to get creative to survive. And since the vuvv crave anything they deem "classic" Earth culture (doo-wop music, still-life paintings of fruit, true love), recording 1950s-style dates for the vuvv to watch in a pay-per-minute format seems like a brilliant idea. But it’s hard for Adam and Chloe to sell true love when they hate each other more with every passing episode. Soon enough, Adam must decide how far he’s willing to go — and what he’s willing to sacrifice — to give the vuvv what they want.

The Invisible Hand in Economics

Author: N. Emrah Aydinonat
Publisher: Taylor & Francis
ISBN: 9780415569545
Release Date: 2009-11
Genre: Business & Economics

This is a book about one of the most controversial concepts in economics the invisible hand. The author explores the unintended social consequences implied by the invisible hand and discusses the mechanisms that bring about these consequences. The book questions, examines and explicates the strengths and weaknesses of invisible hand explanations concerning the emergence of institutions and macro-social structures, from a methodological and philosophical perspective. Aydinonat analyses paradigmatic examples of invisible-hand explanations, such as Carl Menger's `Origin of Money' and Thomas Schelling's famous chequerboard model of residential segregation in relation to contemporary models of emergence of money and segregation.Based on this analysis, he provides a fresh look at the philosophical literature on models and explanation and develops a philosophical framework for interpreting invisible hand type of explanations in economics and elsewhere. Finally, the author applies this framework to recent game theoretic models of institutions and outlines the way in which they should be evaluated. Covering areas such as history, philosophy of economics and game theory this book will appeal to philosophers of social science and historians of economic thought, as well as to practising economists.

Invisible Hands The Businessmen s Crusade Against the New Deal

Author: Kim Phillips-Fein
Publisher: W. W. Norton & Company
ISBN: 9780393077636
Release Date: 2010-07-12
Genre: History

“A compelling and readable story of resistance to the new economic order.”—Boston Globe Invisible Hands tells the story of how a small group of American businessmen succeeded in building a political movement. Long before the “culture wars” of the 1960s sparked the Republican backlash against cultural liberalism, these high-powered individuals actively resisted New Deal economics and sought to educate and organize their peers. Kim Phillips-Fein recounts the little-known efforts of men such as W. C. Mullendore, Leonard Read, and Jasper Crane, drawing on meticulous research and narrative gifts to craft a compelling history of the role of big and small business in American politics—and a blueprint for anyone who wants insight into the way that money has been used to create political change. Some images in the ebook are not displayed owing to permissions issues.

The Invisible Hand

Author: James Hartley
Publisher: John Hunt Publishing
ISBN: 9781785354991
Release Date: 2017-02-24
Genre: Juvenile Fiction

The Invisible Hand is about a boy, Sam, who has just started life at a boarding school and finds himself able to travel back in time to medieval Scotland. There he meets a girl, Leana, who can travel to the future, and the two of them become wrapped up in events in /Macbeth/, the Shakespeare play, and in the daily life of the school. The book is the first part of a series called Shakespeare´s Moon. Each book is set in the same boarding school but focuses on a different Shakespeare play.

The Mystery of the Invisible Hand

Author: Marshall Jevons
Publisher: Princeton University Press
ISBN: 9781400851959
Release Date: 2014-09-07
Genre: Fiction

Henry Spearman, the balding economics professor with a knack for solving crimes, returns in The Mystery of the Invisible Hand—a clever whodunit of campus intrigue, stolen art, and murder. Having just won the Nobel Prize, Spearman accepts an invitation to lecture at Monte Vista University. He arrives in the wake of a puzzling art heist with plans to teach a course on art and economics—only to be faced with the alleged suicide of womanizing artist-in-residence Tristan Wheeler. When it becomes clear that Wheeler had serious enemies and a murderer is in their midst, Henry Spearman is on the case. Was Wheeler killed by a jilted lover, a cuckolded husband, or a beleaguered assistant? Could there have been a connection between Wheeler's marketability and his death? From the Monte Vista campus in San Antonio to the halls of Sotheby's in New York, Spearman traces the connections between economics and the art world, finding his clues in monopolies and the Coase conjecture, auction theory, and the work of Adam Smith. What are the parallels between a firm’s capital and an art museum’s collection? What does the market say about art’s authenticity versus its availability? And what is the mysterious "death effect" that lies at the heart of the case? Spearman must rely on his savviest economic insights to clear up this artful mystery and pin down a killer.

The Invisible Hands

Author: Steven Drobny
Publisher: John Wiley & Sons
ISBN: 047060753X
Release Date: 2010-03-19
Genre: Business & Economics

Timely investment advice from the investors who survived—and thrived—during the economic crisis In light of the colossal losses and ongoing difficulties caused by the financial crisis, it's obvious that the time has come to rethink money management in the broadest of terms. Drastic changes are clearly in order, but no new model has yet been implemented. Steven Drobny explores a new model from a simple starting point—by consulting the traders and managers who actually made money during this profoundly difficult period. In The Invisible Hands, top global macro managers reveal their own (clearly successful) approaches to markets and risk, suggesting important tenets for money management in a future, precarious world. Providing money managers and investors with the proven expertise of the best and most successful players in money management and detailing many specific elements of their risk management processes, The Invisible Hands: Outlines investment strategies for the rocky road ahead Provides guidance on how real money managers can implement certain elements of macro hedge fund strategies, developing a new paradigm of portfolio construction anchored in superior risk management Reveals intimate aspects of the investment processes of some of today's top hedge fund managers The book highlights the similarities among successful traders, showing that the investment process should be anchored in understanding the true risk-adjusted returns in your portfolio.