Schleiermacher and Otto on religion : a reappraisal

An interpretation of the work of Schleiermacher and Otto recently offered by Andrew Dole, according to which these two thinkers differed over the extent to which religion can be explained naturalistically, and over the sense in which the supernatural can be admitted, is examined and refuted. It is argued that there is no difference between the two thinkers on this issue. It is shown that Schleiermacher's claim that a supernatural event is at the same time a natural event does not invite, but rather forecloses the possibility of, a naturalistic explanation of the event. It is further demonstrated that Otto, like Schleiermacher, denied the existence of supernatural events interpreted as events that infringe the laws of nature

What are the consequences of global banking for the international transmission of shocks? A quantitative analysis

The global financial crisis of 2008 was followed by a wave of regulatory reforms that affected large banks, especially those with a global presence. These reforms were reactive to the crisis. In this paper we propose a structural model of global banking that can be used proactively to perform counterfactual analysis on the effects of alternative regulatory policies. The structure of the model mimics the US regulatory framework and highlights the organizational choices that banks face when entering a foreign market: branching versus subsidiarization. When calibrated to match moments from a sample of European banks, the model is able to replicate the response of the US banking sector to the European sovereign debt crisis. Our counterfactual analysis suggests that pervasive subsidiarization, higher capital requirements, or ad hoc monetary policy interventions would have mitigated the effects of the crisis on US lending.https://www.nber.org/papers/w25203Published versio

Dynamic response of two composite prop-fan models on a nacelle/wing/fuselage half model

Results are presented for blade response wind tunnel tests of two 62.2 cm diameter Prop-Fan (advanced turboprop) models with swept and unswept graphite/epoxy composite blades. Measurements of dynamic response were made with the rotors mounted on a simulated nacelle/wing/fuselage model, with varying tilt, at flow speeds up to 0.85 Mach number. The presence of the wing, downstream of the rotor, induced 1-P responses that were about twice those previously measured for an isolated nacelle installation. The swept blade had less 1-P response than the unswept (straight) blade. The 2-P response was significant for both blades, and was closely correlated to wing lift. Higher order response was not important for the straight blade, but possibly important for the swept blade near critical speeds, due to the proximity of the blade tips to the wing leading edge. Measurements are compared with theoretically based prediction. Correlations between calculated and measured 1-P response were good for the straight blade, and fair for the swept blade. Improvements to the calculation method were identified and implemented

Post-automation: report from an international workshop

The purpose of this report is to share lessons from an international research workshop dedicated to post- automation. Twenty-seven researchers from eleven different countries in Africa, Asia, Latin America and Europe, met at the Science Policy Research Unit at Sussex University on 11-13 September 2019, where we discussed empirical research papers and explored post-automation in group activities. We write this report primarily for researchers, but also for activists and policy advisors looking for more imaginative approaches to governing technology, work and sustainability in society, compared to those dominant agendas adapting automatically to the interests behind automation. The report is structured as follows. Section two introduces the workshop topic and papers presented, and which leads into two related areas that became a focus for discussion. First, some challenges in the foundations of automation theory (section three). And second, post-automation as a more constructive proposition to the challenges of automation, and that is happening right now (section four). Section five summarises some key points arising from the workshop, based on empirical observations from the margins of digital technology development, and that give both a flavour of the workshop and help elaborate the post-automation proposition. Some analytical and strategic themes are discussed in section six. We conclude in section seven with proposals for a post-automation agenda