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An essential primer on an important yet understudied type of financial marketMany of the largest financial markets in the world do not organize trade through an exchange but rather operate within a decentralized or over-the-counter (OTC) structure. Understanding how these markets work has become increasingly important in recent years, as illiquidity in certain OTC markets has appeared as the first signs of trouble-if not the cause itself-of the past two financial crises. However, standard models of financial markets are not suitable for studying the causes of illiquidity in OTC markets, nor the optimal policy response. The Economics of Over-the-Counter Markets proposes a unified search-theoretic framework designed to explicitly capture the key features of OTC markets, confront the growing set of stylized facts from these markets, and provide guidance for policies designed to promote liquidity and resiliency. This incisive book covers empirical regularities that are common across OTC markets, develops the methodological tools to analyze the benchmark theoretical models in the academic literature, and extends these models to confront the latest issues facing these markets. Covers a broad range of topics, including asset pricing, liquidity, transaction costs, asymmetric information, financial crises, and market designAn ideal textbook for graduate students in economics and financeAn invaluable resource for policymakers seeking a framework to assess the impact of new developments in fixed-income and short-term funding markets
An inside look at a "e;no-excuses"e; charter school that reveals this educational model's strengths and weaknesses, and how its approach shapes studentsSilent, single-file lines. Detention for putting a head on a desk. Rules for how to dress, how to applaud, how to complete homework. Walk into some of the most acclaimed urban schools today and you will find similar recipes of behavior, designed to support student achievement. But what do these "e;scripts"e; accomplish? Immersing readers inside a "e;no-excuses"e; charter school, Scripting the Moves offers a telling window into an expanding model of urban education reform. Through interviews with students, teachers, administrators, and parents, and analysis of documents and data, Joanne Golann reveals that such schools actually dictate too rigid a level of social control for both teachers and their predominantly low-income Black and Latino students. Despite good intentions, scripts constrain the development of important interactional skills and reproduce some of the very inequities they mean to disrupt.Golann presents a fascinating, sometimes painful, account of how no-excuses schools use scripts to regulate students and teachers. She shows why scripts were adopted, what purposes they serve, and where they fall short. What emerges is a complicated story of the benefits of scripts, but also their limitations, in cultivating the tools students need to navigate college and other complex social institutions-tools such as flexibility, initiative, and ease with adults. Contrasting scripts with tools, Golann raises essential questions about what constitutes cultural capital-and how this capital might be effectively taught.Illuminating and accessible, Scripting the Moves delves into the troubling realities behind current education reform and reenvisions what it takes to prepare students for long-term success.
Fascinating profiles of modern writers and artists who tapped the political potential of fairy talesJack Zipes has spent decades as a "scholarly scavenger," discovering forgotten fairy tales in libraries, flea markets, used bookstores, and internet searches, and he has introduced countless readers to these remarkable works and their authors. In Buried Treasures, Zipes describes his special passion for uncovering political fairy tales of the nineteenth and twentieth centuries, offers fascinating profiles of more than a dozen of their writers and illustrators, and shows why they deserve greater attention and appreciation. These writers and artists used their remarkable talents to confront political oppression and economic exploitation by creating alternative, imaginative worlds that test the ethics and morals of the real world and expose hidden truths. Among the figures we meet here are Édouard Laboulaye, a jurist who wrote acute fairy tales about justice; Charles Godfrey Leland, a folklorist who found other worlds in tales of Native Americans, witches, and Roma; Kurt Schwitters, an artist who wrote satirical, antiauthoritarian stories; Mariette Lydis, a painter who depicted lost-and-found souls; Lisa Tetzner, who dramatized exploitation by elites; Felix Salten, who unveiled the real meaning of Bambi's dangerous life in the forest; and Gianni Rodari, whose work showed just how political and insightful fantasy stories can be. Demonstrating the uncanny power of political fairy tales, Buried Treasures also shows how their fictional realities not only enrich our understanding of the world but even give us tools to help us survive.
A gorgeously illustrated book documenting acclaimed artist Kara Walker's major new installation';a groundbreaking collaboration merging art and technology' (New York Times)Kara Walker is renowned for her bold examinations of the dynamics of power and the exploitation of race and sexuality through her profound work that has appeared in exhibitions around the world. She has created monumental sculptures, including A Subtlety, or the Marvelous Sugar Baby (2014), for the former Domino Sugar refinery in Brooklyn, and Fons Americanus (2019) for Tate Modern's Turbine Hall. This beautifully designed book documents the creation of Walker's major new commission, Fortuna and the Immortality Garden (Machine) (2024), at the San Francisco Museum of Modern Art.The installation features eight Black automatons, including the seven-foot-tall prophetess, Fortuna, who responds to each visitor with a choreographed routine and a printed fortune fresh from her mouth. Situated in fields of obsidiana volcanic glass with deep spiritual propertiesthe other robotic dolls, or Gardeners, rise and fall, gesture, turn, and clamortrapped in a never-ending cycle of ritual and struggle. Evoking wonder, reflection, respite, and hope, the work explores the memorialization of trauma, the objectives of technology, and the possibilities of transforming the negative energies that plague contemporary society.This book presents Walker's working drawings and paintings, photographs of her creative process with collaborators, and detailed images of the final installation. Also included are an illuminating text by Walker, an essay by product designer David A. M. Goldberg, a selection of fashion designer Gary Graham's notebook pages, an excerpt from Donna Haraway's influential essay ';A Cyborg Manifesto,' experimental short fiction by writer Damani McNeil, and a conversation between Walker and curator Eungie Joo.Exhibition ScheduleSFMOMA, San FranciscoJuly 1, 2024Spring 2026Published by the San Francisco Museum of Modern Art in association with Princeton University Press
A spectacular photographic guide to the birds and biodiversity of the tropical AndesSpanning virtually the entire western coast of South America, the Andes are home to some of the world's most magnificent birds, from exquisite hummingbirds to fabulous flamingos. This beautifully illustrated large-format book celebrates the splendor and extraordinary diversity of Andean birds and the habitats they depend on. It draws on the latest findings from the field and sheds light on the lush alpine terrains that make this avifauna so rich and plentiful. With illuminating essays that share invaluable perspectives from some of the region's leading bird conservationists, Birds of the Tropical Andes takes readers from the Pacific coast to the jungles of the Amazon, crossing peaks and high plains in search of spectacular birdlife.Lavishly illustrated with a wealth of photographsTours the vast array of habitats that comprise the Andean mountainsCovers every major ecosystem and its abundant birdlifeProfiles representative species, including the rarest and most sought afterDiscusses the region's unique geology and Indigenous cultureA must for birders, ecotravelers, and armchair naturalists
A compelling portrait of a beloved poet from one of today's most acclaimed novelistsIn this book, novelist Colm Toibin offers a deeply personal introduction to the work and life of one of his most important literary influences-the American poet Elizabeth Bishop. Ranging across her poetry, prose, letters, and biography, Toibin creates a vivid picture of Bishop while also revealing how her work has helped shape his sensibility as a novelist and how her experiences of loss and exile resonate with his own. What emerges is a compelling double portrait that will intrigue readers interested in both Bishop and Toibin.For Toibin, the secret of Bishop's emotional power is in what she leaves unsaid. Exploring Bishop's famous attention to detail, Toibin describes how Bishop is able to convey great emotion indirectly, through precise descriptions of particular settings, objects, and events. He examines how Bishop's attachment to the Nova Scotia of her childhood, despite her later life in Key West and Brazil, is related to her early loss of her parents-and how this connection finds echoes in Toibin's life as an Irish writer who has lived in Barcelona, New York, and elsewhere.Beautifully written and skillfully blending biography, literary appreciation, and descriptions of Toibin's travels to Bishop's Nova Scotia, Key West, and Brazil, On Elizabeth Bishop provides a fresh and memorable look at a beloved poet even as it gives us a window into the mind of one of today's most acclaimed novelists.
How rabbinic expertise was socially constructed, performed, and defended in Roman PalestineAt the turn of the common era, the Jewish communities of Roman Palestine saw the organization of a small group of literate Jewish men who devoted their lives to the interpretation and teaching of their sacred ancestral texts. In this groundbreaking study, Krista Dalton shows that these early rabbis were not an insular specialist group but embedded in a landscape of Jewish piety. Drawing on the writings of rabbis in Roman Palestine from from the second through fifth centuries CE, Dalton illuminates the significance of social relationships in the production of rabbinic expertise. She traces the social interactions-everyday instances of mutual exchange, from dinner parties to tithes and patronages-that fostered the perception of rabbis as experts. Dalton shows how the knowledge derived from the rabbis' technical skills was validated and recognized by others. Rabbis socialized and noshed with neighbors and offered advice and legal favors to friends. In exchange for their expert judgments, they received invitations, donations, appointments, and recognition. She argues that their status as Torah experts did not arise by virtue of being scholars but from their ability to persuade others that their mobilization of Jewish cultural resources was beneficial. Dalton describes the relational processes that made rabbinic expertise possible as well as the accompanying tensions; social interactions shaped the rabbis' domain of knowledge while also imposing expectations of reciprocity that had to be managed. Dalton's authoritative analysis demonstrates that a focus on friendship and exchange provides a fuller understanding of how rabbis claimed and defended their distinct expertise.
An enchanting, fact-filled treasury for the bee lover in all of usBeepedia is a one-of-a-kind celebration of bees, from A to Z. Featuring dozens of alphabetical entries on topics ranging from pollination and beekeeping to the peculiar lifestyles of cuckoo bees and carrion eating vulture bees, this enticing, pocket-sized compendium takes you on an unforgettable journey into the remarkable world of bees. Explore the many wonders of bee morphology, behavior, and ecology, and learn about the role of bees in agriculture, art, literature, and religion. With more than 20,000 described species, bees can be found anywhere on the planet where flowering plants are pollinated by insects. With Laurence Packer as your guide, you will meet some of the most inquisitive and prolific bee experts who ever lived, marvel at the astonishing variety of wild bees and the creative methods scientists use to study them. Discover why bees have intrigued us for millennia, why Napoleon Bonaparte chose the bee as his emblem when he became emperor, where the expression "the bee's knees" comes from, and much more. With captivating drawings by Ann Sanderson, Beepedia is an informative and entertaining blend of fact, folklore, and fancy that will captivate anyone who has ever been curious about these amazing insects. Features a cloth cover with an elaborate foil-stamped design
An eclectic collection of strange and amazing stories about body parts you never knew you had, from acetabulum to zygomaticus majorBodypedia is a lively, fact-filled romp through your body, from A to Z. Featuring almost 100 stories on topics ranging from the beastly origins of goosebumps to the definitive answer to the Motown classic "What Becomes of the Brokenhearted," these fascinating tales from your entrails explore the wonders of anatomy, one body part at a time. With a keen scalpel, Adam Taor peels away the layers to bring your underappreciated insides to light. What distinguishes crocodile tears from yours? What possessed Isaac Newton to stick a needle into his eye socket? How does brain glue thwart self-improvement gurus? Why did one of the world's most influential surgeons steal a giant? Providing insights into these and other curiosities, Taor illuminates the ingenuity, mystery, and eccentric history of your anatomy like never before. Along the way, you will meet the geniuses, mavericks, and monsters (sometimes all the above) who got their hands bloody discovering, dissecting, and naming your parts. With beautiful drawings by Nathalie Garcia, Bodypedia celebrates what makes you tick, and reveals why the best stories are hidden inside you. Features a cloth cover with an elaborate foil-stamped design
How understanding our genetic imperfections can change our view of evolution and enrich what it means to be humanIf we start with the presumption that evolution is a constantly improving process, some aspects of our evolution just do not make sense. We have a high rate of genetic diseases, for example, and much of our DNA seems to be pointless. In The Evolution of Imperfection, Laurence Hurst explores our apparently rotten genetic luck. He shows us that humans are are indeed genetically exceptional-exceptionally bad. Hurst, a leading authority on evolution and genetics, argues that our evolutionary imperfections proceed directly from two features: the difficulties of pregnancy and the fact that historically there are relatively few of us. In pregnancy, natural selection can favor chromosomes that kill embryos in species (including ours) that continuously receive resources from the mother. Most fertilized eggs don't make it, and incompatibilities between the fetus and mother can lead to lethal disorders of pregnancy. The historically small population size enhances the role of chance, which in turns leads to both accumulation of unnecessary DNA and more mutation. So what can save us? One answer may lie in genetic medicine, which has given us therapies that makes killer conditions preventable and even curable. Hurst suggests that our seeming imperfections could be the key to a new way to understand evolution itself. Looking at circumstances that seem to defy explanation, we might come to a richer understanding of how evolution really works, and what it means to be human.
How to turn the paradoxes built into anti-racism work into drivers of learning and change. Even as anti-racism practices seemed to be gain momentum, the nation shows signs of falling back into longstanding patterns of racial injustice and inequality. Leaders who introduce antiracist approaches to their organizations often face backlash from white colleagues and skepticism from colleagues of color, leading to paralysis. In What Might Be, Susan Sturm explores how to navigate the contradictions built into our racialized history, relationships, and institutions. She offers strategies and stories for confronting racism within predominantly white institutions, describing how change agents can move beyond talk to build the architecture of full participation. Sturm argues that although we cannot avoid the contradictions built into efforts to confront racism, we can make them into engines of cross-racial reflection, bridge building, and institutional reimagination, rather than falling into a Groundhog Day-like trap of repeated failures. Drawing on her decades of experience researching and working with institutions to help them become more equitable and inclusive, Sturm identifies three persistent paradoxes inherent in anti-racism work. These are the paradox of racialized power, whereby anti-racism requires white people to lean into and yet step back from exercising power; the paradox of racial salience, which means that effective efforts must explicitly name and address race while also framing their goals in universal terms other than race; and the paradox of racialized institutions, which must drive anti-racism work while simultaneously being the target of it. Sturm shows how people and institutions can cultivate the capacity to straddle these contradictions, enabling those in different racial positions to discover their linked fate and become the catalysts for long term change. The book includes thoughtful and critical responses from Goodwin Liu, Freeman Hrabowski, and Anurima Bhargava.
How race shapes expectations about whose losses matterIn democracies, citizens must accept loss; we can't always be on the winning side. But in the United States, the fundamental civic capacity of being able to lose is not distributed equally. Propped up by white supremacy, whites (as a group) are accustomed to winning; they have generally been able to exercise political rule without having to accept sharing it. Black citizens, on the other hand, are expected to be political heroes whose civic suffering enables progress toward racial justice. In this book, Juliet Hooker, a leading thinker on democracy and race, argues that the two most important forces driving racial politics in the United States today are Black grief and white grievance. Black grief is exemplified by current protests against police violencethe latest in a tradition of violent death and subsequent public mourning spurring Black political mobilization. The potent politics of white grievance, meanwhile, which is also not new, imagines the United States as a white country under siege.Drawing on African American political thought, Hooker examines key moments in US racial politics that illuminate the problem of loss in democracy. She connects today's Black Lives Matter protests to the use of lynching photographs to arouse public outrage over postReconstruction era racial terror, and she discusses Emmett Till's funeral as a catalyst for the civil rights struggles of the 1950s and 1960s. She also traces the political weaponization of white victimhood during the Obama and Trump presidencies. Calling for an expansion of Black and white political imaginations, Hooker argues that both must learn to sit with loss, for different reasons and to different ends.
A new history of the Celts that reveals how this once-forgotten people became a pillar of modern national identity in Britain, Ireland, and FranceBefore the Greeks and Romans, the Celts ruled the ancient world. They sacked Rome, invaded Greece, and conquered much of Europe, from Ireland to Turkey. Celts registered deeply on the classical imagination for a thousand years and were variously described by writers like Caesar and Livy as unruly barbarians, fearless warriors, and gracious hosts. But then, in the early Middle Ages, they vanished. In The Celts, Ian Stewart tells the story of their rediscovery during the Renaissance and their transformation over the next few centuries into one of the most popular European ancestral peoples. The Celts shows how the idea of this ancient people was recovered by scholars, honed by intellectuals, politicians, and other thinkers of various stripes, and adopted by cultural revivalists and activists as they tried to build European nations and nationalisms during the eighteenth and nineteenth centuries. Long-forgotten, the Celts improbably came to be seen as the ancestors of most western Europeans-and as a pillar of modern national identity in Britain, Ireland, and France. Based on new research conducted across Europe and in the United States, The Celts reveals when and how we came to call much of Europe "Celtic," why this idea mattered in the past, and why it is still matters today, as the tide of nationalism is once again on the rise.
What our failures during the pandemic cost us, and why we must do betterThe Covid pandemic quickly led to the greatest mobilization of emergency powers in human history. By early April 2020, half the world’s population—3.9 billion people—were living under quarantine. People were told not to leave their homes; businesses were shuttered, employees laid off, and schools closed for months or even years. The most devastating pandemic in a century and the policies adopted in response to it upended life as we knew it. In this eye-opening book, Stephen Macedo and Frances Lee examine our pandemic response and pose some provocative questions: Why did we ignore pre-Covid plans for managing a pandemic? Were the voices of reasonable dissent treated fairly? Did we adequately consider the costs and benefits of different policy options? And, aside from vaccines, did the policies adopted work as intended?With In Covid’s Wake, Macedo and Lee offer the first comprehensive—and candid—political assessment of how our institutions fared during the pandemic. They describe how, influenced by Wuhan’s lockdown, governments departed from their existing pandemic plans. Hard choices were obscured by slogans like “follow the science.” The policies adopted largely benefited the laptop class and left so-called essential workers unprotected; the benefits and harms were distributed unfairly. Extended school closures hit the least-privileged families the hardest. Science became politicized and dissent was driven to the margins. In the next crisis, Macedo and Lee warn, we must not forget the deepest values of liberal democracy: tolerance and open-mindedness, respect for evidence and its limits, a willingness to entertain uncertainty, and a commitment to telling the whole truth.
A concise new narrative history of Islam that draws on the transformative insights of recent research to emphasize the diversity and dynamism of the traditionToday’s Muslim world is in upheaval: legalists and mystics engage in intense debates, radical groups invoke Sharia, Muslim immigrants in the West face prejudice and discrimination, and Muslim feminists advocate new interpretations of the Koran. At the same time, Islam is mischaracterized as unitary and unchanging by people ranging from rightwing Western politicians claiming that Islam is incompatible with democracy to conservative Muslims dreaming of returning to the golden age of the prophet. Against this contentious backdrop, this book provides an essential and timely new history of the religion in all its astonishing richness and diversity as it has been practiced by Muslims around the world, from seventh-century Mecca to today.Most popular histories of Islam continue to repeat conventional pietistic accounts. In contrast, John Tolan draws on decades of new historical research that has transformed knowledge of the origins and development of the Muslim faith. He shows how the youngest of the three great monotheisms arose in close contact with Jewish, Christian, and other religious traditions in a mixture of cultures, including Arab, Greek, Persian, and Turkish; how Islam spread across an enormous territory encompassing hundreds of languages and cultures; how Muslims have forged widely different beliefs and practices over fourteen centuries; and how Islamic history provides crucial context for understanding contemporary debates in the Muslim world.At a time when much talk about Islam is filled with misunderstanding, stereotypes, and bias, this book provides a fresh and lucid portrait of the continuous and ongoing transformations of a religion of tremendous variety and complexity.
A beautifully illustrated history of Indigenous tattooing practices around the worldTattooing within Indigenous communities is a time-honored practice that binds the tattoo recipient to a deeply felt collective history. More than mere decoration, tattoos are a visual language of the skin, embodying cultural values, ancestral ties, and spiritual beliefs. Indigenous Tattoo Traditions captures ancient tribal tattooing practices and their contemporary resurgence, highlighting a beautiful aspect of humanity’s shared cultural heritage, one mark at a time.Transporting readers through history, Lars Krutak explores the art and customs of tattooing across numerous ancestral lands, including Africa, the Middle East, the Americas, Greenland, the Arctic, Polynesia, Japan, Southeast Asia, and Siberia. He illustrates how tattoos function as a form of writing that defines and structures community life, performing as rites of passage, symbols of rank, and signs of marital or religious devotion, among other facets of culture. We are introduced to the heavily tattooed Birdmen of Rapa Nui (Easter Island), the Li women of China’s Hainan Island with their elaborate facial and body tattoos, and innovative cultural tattoo practitioners who are rebuilding a skin marking legacy for future generations to come.With numerous images published for the first time and an illuminating foreword by cultural historian Sean Mallon, Indigenous Tattoo Traditions opens a window onto one of the world’s most vibrant yet misunderstood mediums of human expression.
Why human biology is far more expansive than the simple categories of female and maleBeing human entails an astonishingly complex interplay of biology and culture, and while there are important differences between women and men, there is a lot more variation and overlap than we may realize. Sex Is a Spectrum offers a bold new paradigm for understanding the biology of sex, drawing on the latest science to explain why the binary view of the sexes is fundamentally flawed—and why having XX or XY chromosomes isn’t as conclusive as some would have us believe.In this lively and provocative book, leading biological anthropologist Agustín Fuentes begins by tracing the origin and evolution of sex, describing the many ways in the animal kingdom of being female, male, or both. Turning to humans, he presents compelling evidence from the fossil and archaeological record that attests to the diversity of our ancestors’ sexual bonds, gender roles, and family and community structures, and shows how the same holds true in the lived experiences of people today. Fuentes tackles hot button debates around sports and medicine, explaining why we can acknowledge that females and males are not the same while also embracing a biocultural reality where none of us fits neatly into only one of two categories.Bringing clarity and reason to a contentious issue, Sex Is a Spectrum shares a scientist’s perspective on why a binary view of sex and gender is not only misguided but harmful, and why there are multitudes of ways to being human.
An annotated guide to the work of the Pulitzer Prize–winning writer, teacher, and pioneer of creative nonfictionJohn McPhee has been a staff writer for The New Yorker since 1965 and has written more than thirty acclaimed books that began on the magazine’s pages. But few readers know or fully appreciate the true breadth of his writing. Looking for a Story is a complete reader’s guide to McPhee’s vast published work, documenting much rarely seen or connected with McPhee, including remarkable early writing for Time magazine published without his name.In chronicling McPhee’s career where he broke ground applying devices long associated with fiction to the literature of fact, Noel Rubinton gives insights into McPhee’s techniques, choice of subjects, and research methods, shedding light on how McPhee turns complicated subjects like geology into compelling stories. Beyond detailing more than seventy years of McPhee’s writing, Rubinton recounts McPhee’s half century as a Princeton University writing professor, a little known part of his legacy. McPhee inspired generations of students who wrote hundreds of books of their own, also catalogued here.With an incisive foreword by New Yorker staff writer and former McPhee student Peter Hessler, Looking for a Story also includes extensive annotated listings of articles about McPhee, reviews of his books, and interviews, readings, and speeches. Whether you are already an admirer of McPhee or new to his writings, this book provides an invaluable road map to his rich body of work.
The revolution in science that is transforming our understanding of extinct lifeWe used to think of fossils as being composed of nothing but rock and minerals, all molecular traces of life having vanished long ago. We were wrong. Remnants of Ancient Life reveals how the new science of ancient biomolecules-pigments, proteins, and DNA that once functioned in living organisms tens of millions of years ago-is opening a new window onto the evolution of life on Earth.Paleobiologists are now uncovering these ancient remnants in the fossil record with increasing frequency, shedding vital new light on long-extinct creatures and the lost world they inhabited. Dale Greenwalt is your guide to these astonishing breakthroughs. He explains how ancient biomolecules hold the secrets to how mammoths dealt with the bitter cold, what colors dinosaurs exhibited in mating displays, how ancient viruses evolved to become more dangerous, and much more. Each chapter discusses different types of biomolecules and the insights they provide about the physiology, behavior, and evolution of extinct organisms, many of which existed long before the age of dinosaurs.A marvelous adventure of discovery, Remnants of Ancient Life offers an unparalleled look at an emerging science that is transforming our picture of the remote past. You will never think of fossils in the same way again.
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