10,071 research outputs found

    Playing simplicity: polemical stupidity in the writing of the French Enlightenment

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    Polemical stupidity - a critical concept drawn from Bakhtin – denotes the strategic refusal to understand. It appears most familiarly in the character of the Fool (like Candide), who genuinely does not understand the world, thus unmasking its incoherence. But in literature it can cover too the stance of the narrator or author (who pretends to misunderstand). It also functions at the levels of genre and style, embracing parody and rewriting in general. It is a dialogic or open form of critical engagement. Though it can be found throughout Western literature, polemical stupidity is most richly characteristic of the writing of the French Enlightenment. This book suggests why, and traces its rise and fall as a discursive practice in the century from Pascal to Rousseau. Early chapters consider the concept itself, its emergence in Pascal's ‘Lettres provinciales’, worldliness and unworldliness, and the new writing of 1660-1700 (critical history to fairy tales). The main part of the book, on the age of Enlightenment itself, contains successive chapters on Regency theatre, Montesquieu's ‘Lettres persanes’, Marivaux, Voltaire, Diderot, and finally Rousseau who will not play

    Mme de Graffigny’s story

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    This article argues that Graffigny's "Lettres d'une PĂ©ruvienne" and "CĂ©nie" tell essentially the same story, that of a woman sundered from her high estate and her betrothed. The pattern of interpersonal relations is present already in Graffigny's "Nouvelle espagnole" and "La Princesse Azerolle". Graffigny's correspondence shows that this is a mythical version of her own story. Crises in 1743–44 involving her lover, her confidant, and her niece immediately precede the creation of her principal works. Her discovery in 1743 of Garcilaso's "Histoire des Incas" is associated with ‘amitié’ and with ‘amour’

    Developing music abilities in young children / 1071

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    The Endogeneity of Money: Empirical Evidence

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    For many years, the endogenous nature of the money supply has been a cornerstone of post-Keynesian economics. In this paper we survey the empirical work which has been done on both the ‘core’ thesis – that loans create deposits – and on peripheral questions such as the origin of the demand for loans, the reconciliation of the demand for money with the loan-created supply and the accommodationist/structuralist debate. The originality of the paper lies in its demonstration that while post-Keynesians may have thought they were fighting in heroic isolation, most economists involved with the real world of monetary policy-making in practice took much the same view. The consequence is that we can find empirical investigations of issues relating to the endogeneity in a wide range of locations.Money; endogeneity;

    The Money Supply in Macroeconomics

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    The notion that the quantity of money in an economy might be endogenously determined has a long history. Even so, it has never been part of mainstream economic thinking which has remained dominated by the view that the policymaker somehow controls the stock of money and that interest rates are market-determined. However, the need to design and operate a monetary policy that works for modern economies as they are currently constructed, has led to the emergence of the so-called ‘new consensus macroeconomics’ in which it is recognised that the policymaker sets a short-term interest rate and the quantities of money and credit are demand-determined. This paper looks at the way in which this ‘new consensus’ is (at last) forcing a recognition, in the teaching of money, that the money supply is endogenously determined. It also shows how we can take this further by adding a banking sector to a model of the real economy in which the money supply is endogenously determined. The paper ends by showing how some of the issues currently emerging in the new consensus are very closely related to earlier debates amongst post Keynesian economists.Money supply; macroeconomics

    On Some Slippery Slopes: Horizontalists, Structuralists and Diagrams

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    Since Basil Moore published Horizontalists and Verticalists in 1988, there have been numerous attempts to model an endogenous money supply within a graphical framework which would also facilitate discussion of some of the controversial issues surrounding it. These have not generally been very successful until Fontana’s recent (2003, 2006) adoption of a pure flow of funds framework. More recently, the ‘New Keynesian consensus’ in macroeconomics has finally forced a rejection of the exogenous money paradigm and the LM part of the familiar IS/LM/AS model. In this paper we show how, with some modification, Fontana’s approach can be combined with ‘mainstream’ replacements of IS/LM (Carlin and Soskice, 2006; Bofinger, Mayer and WollmerhĂ€user, 2006) to produce a model of the monetary sector which illustrates both the current wisdom about monetary policy (e.g. Woodford, 2003) and the post-Keynesian insights that have been developed over the last twenty years.Macroeconomics; Post Keynesian;

    Independent Central Banks: Some theoretical and empirical problems?

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    In little more than twenty years, it has become widely accepted that the optimal design of monetary policy should include provision for a central bank that is independent of government influence. This is a remarkably short period of time for any idea in economics to become so widely-accepted. But there are problems. In this paper we show that there are many confusions and even some contradictions associated with central bank independence. To begin with, it is not entirely clear what it is exactly that central banks need to be independent of. Furthermore, there is confusion over the mechanisms whereby independence is supposed to deliver its benefits. The literature which is commonly said to provide the rationale for independence is often misunderstood and the evidence that independence does in fact enhance policy outcomes is extremely weak.independent central banks

    Personal Experience and Critical Distance in the Interpretation of Spiritual Texts

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    A decade of studies at Loch Fleet, Galloway (Scotland): A catchment liming project and restoration of a brown trout fishery

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    Loch Fleet is a small upland lake in the hills of Galloway in southwest Scotland. In the 1970s the waters of the loch became more acidic and a brown trout fishery failed. This account summarises an experimental project, the "Loch Fleet Project" initiated in 1984, designed to reverse acidification of the loch by liming parts of the catchment. Liming about 40% of the catchment in 1986 and 1987 raised the pH and calcium levels, and reduced toxic aluminium concentrations. The improved conditions had been maintained up to 1994, but water in the loch, and its principal inflow stream, is now falling close to the desired threshold of quality. After liming, restocking with local strains of trout in 1987 was successful, and a self-recruiting population became established within 2 years. Recruitment is highly variable, however, and was attributed to severe spring conditions and the limited spawning capacity of the nursery stream, rather than to water quality
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