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An Analysis of Burton G. Malkiel's A Random Walk Down Wall Street

An Analysis of Burton G. Malkiel's A Random Walk Down Wall Street

Burton Malkiel’s 1973 A Random Walk Down Wall Street was an explosive contribution to debates about how to reap a good return on investing in stocks and shares. Reissued and updated many times since Malkiel’s text remains an indispensable contribution to the world of investment strategy – one that continues to cause controversy among investment professionals today. At the book’s heart lies a simple question of evaluation: just how successful are investment experts? The financial world was and is full of people who claim to have the knowledge and expertise to outperform the markets and produce larger gains for investors as a result of their knowledge. But how successful Malkiel asked are they really? Via careful evaluations of performance – looking at those who invested via ‘technical analysis’ and ‘fundamental analysis’ – he was able to challenge the adequacy of many of the claims made for analysts’ success. Malkiel found the major active investment strategies to be significantly flawed. Where actively managed funds posted big gains one year they seemingly inevitably posted below average gains in succeeding years. By evaluating the figures over the medium and long term indeed Malkiel discovered that actively-managed funds did far worse on average than those that passively followed the general market index. Though many investment professionals still argue against Malkiel’s influential findings his exploration of the strengths and weaknesses of the argument for believing investors’ claims provides strong evidence that his own passive strategy wins out overall. | An Analysis of Burton G. Malkiel's A Random Walk Down Wall Street

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An Analysis of Eric Hoffer's The True Believer Thoughts on the Nature of Mass Movements

An Analysis of Frantz Fanon's The Wretched of the Earth

An Analysis of Richard Dawkins's The Selfish Gene

An Analysis of Geoffrey Parker's Global Crisis War Climate Change and Catastrophe in the Seventeenth Century

An Analysis of Geoffrey Parker's Global Crisis War Climate Change and Catastrophe in the Seventeenth Century

Few historians can claim to have undertaken historical analysis on as grand a scale as Geoffrey Parker in his 2013 work Global Crisis: War Climate Change and Catastrophe in the Seventeenth Century. It is a doorstop of a book that surveys the ‘general crisis of the 17th century ’ shows that it was experienced practically throughout the world and was not merely a European phenomenon and links it to the impact of climate change in the form of the advent of a cold period known as the ‘Little Ice Age. ’ Parker’s triumph is made possible by the deployment of formidable critical thinking skills – reasoning to construct an engaging overall argument from very disparate material and analysis to re-examine and understand the plethora of complex secondary sources on which his book is built. In critical thinking analysis is all about understanding the features and structures of argument: how given reasons lead to conclusions and what kinds of implicit reasons and assumptions are being used. Historical analysis applies the same skills to the fabric of history asking how given chains of events occur how different reasons and factors interact and so on. Parker though takes things further than most in his quest to understand the meaning of a century’s-worth of turbulence spread across the whole globe. Beginning by breaking down the evidence for significant climatic cooling in the 17th-century (due to decreased solar activity) he moves on to detailed study of the effects the cooling had on societies and regimes across the world. From this detailed spadework he constructs a persuasive argument that accounts for the different ways in which the effects of climate change played out across the century – an argument with profound implications for a future likely to see serious climate change of its own. | An Analysis of Geoffrey Parker's Global Crisis War Climate Change and Catastrophe in the Seventeenth Century

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An Analysis of Thomas Paine's Common Sense

An Analysis of Soren Kierkegaard's The Sickness Unto Death

An Analysis of Kenneth Waltz's Theory of International Politics

An Analysis of Eugene Genovese's Roll Jordan Roll The World the Slaves Made

An Analysis of Eugene Genovese's Roll Jordan Roll The World the Slaves Made

Most studies of slavery are underpinned by ideology and idealism. Eugene Genovese's ground-breaking book takes a stand against both these influences arguing not only that all ideological history is bad history – a remarkable statement coming from a self-professed Marxist – but also that slavery itself can only be understood if master and slave are studied together rather than separately. Genovese's most important insight which makes this book a fine example of the critical thinking skill of problem-solving is that the best way to view the institution of American slavery is to understand why exactly it was structured as it was. He saw slavery as a process of continual renegotiation of power balances as masters strove to extract the maximum work from their slaves while slaves aimed to obtain acknowledgement of their humanity and the ability to shape elements of the world that they were forced to live in. Genovese's thesis is not wholly original; he adapts Gramsci's notion of hegemony to re-interpret the master-slave relationship – but it is an important example of the benefits of asking productive new questions about topics that seem superficially at least to be entirely obvious. By focusing on slave culture rather than producing another study of economic determinism this massive study succeeds in reconceptualising an institution in an exciting new way. | An Analysis of Eugene Genovese's Roll Jordan Roll The World the Slaves Made

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An Analysis of Eve Kosofsky Sedgwick's Epistemology of the Closet

An Analysis of Michael E. Porter's Competitive Strategy Techniques for Analyzing Industries and Competitors

An Analysis of Michael E. Porter's Competitive Strategy Techniques for Analyzing Industries and Competitors

Michael E. Porter’s 1980 book Competitive Strategy is a fine example of critical thinking skills in action. Porter used his strong evaluative skills to overturn much of the accepted wisdom in the world of business. By exploring the strengths and weaknesses of the accepted argument that the best policy for firms to become more successful was to focus on expanding their market share he was able to establish that the credibility of the argument was flawed. Porter did not believe such growth was the only way for a company to be successful and provided compelling arguments as to why this was not the case. His book shows how industries can be fragmented with different firms serving different parts of the market (the low-price mass market and the expensive high-end market in clothing for example) and examines strategies that businesses can follow in emerging mature and declining markets. If printing is in decline for example there may still be a market in this industry for high-end goods and services such as luxury craft bookbinding. Porter also made excellent use of the critical thinking skill of analysis in writing Competitive Strategy. His advice that executives should analyze the five forces that mold the environment in which they compete – new entrants substitute products buyers suppliers and industry rivals – focused heavily on defining the relationships between these disparate factors and urged readers to check the assumptions of their arguments. Porter avoided technical jargon and wrote in a straightforward way to help readers see that his evaluation of the problem was strong. Competitive Strategy went on to be a highly influential work in the world of business strategy. | An Analysis of Michael E. Porter's Competitive Strategy Techniques for Analyzing Industries and Competitors

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An Analysis of Daniel Jonah Goldhagen's Hitler's Willing Executioners Ordinary Germans and the Holocaust

An Analysis of Amartya Sen's Inequality Re-Examined

An Analysis of Jacques Derrida's Structure Sign and Play in the Discourse of the Human Sciences

An Analysis of Alfred W. Crosby's The Columbian Exchange Biological and Cultural Consequences of 1492

An Analysis of Max Weber's The Protestant Ethic and the Spirit of Capitalism

An Analysis of Saba Mahmood's Politics of Piety The Islamic Revival and the Feminist Subject

An Analysis of Saba Mahmood's Politics of Piety The Islamic Revival and the Feminist Subject

Saba Mahmood’s 2005 Politics of Piety is an excellent example of evaluation in action. Mahmood’s book is a study of women’s participation in the Islamic revival across the Middle East. Mahmood – a feminist social anthropologist with left-wing secular political values – wanted to understand why women should become such active participants in a movement that seemingly promoted their subjugation. As Mahmood observed women’s active participation in the conservative Islamic revival presented (and presents) a difficult question for Western feminists: how to balance cultural sensitivity and promotion of religious freedom and pluralism with the feminist project of women’s liberation? Mahmood’s response was to conduct a detailed evaluation of the arguments made by both sides examining in particular the reasoning of female Muslims themselves. In a key moment of evaluation Mahmood suggests that Western feminist notions of agency are inadequate to arguments about female Muslim piety. Where Western feminists often restrict definitions of women’s agency to acts that undermine the normal male-dominated order of things Mahmood suggests instead that agency can encompass female acts that uphold apparently patriarchal values. Ultimately the Western feminist framework is in her evaluation inadequate and insufficient for discussing women’s groups in the Islamic revival. | An Analysis of Saba Mahmood's Politics of Piety The Islamic Revival and the Feminist Subject

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An Analysis of Mahmood Mamdani's Citizen and Subject Contemporary Africa and the Legacy of Late Colonialism

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An Analysis of Hannah Arendt's The Human Condition

An Analysis of Leon Festinger's A Theory of Cognitive Dissonance

An Analysis of Leon Festinger's A Theory of Cognitive Dissonance

Leon Festinger’s 1957 A Theory of Cognitive Dissonance is a key text in the history of psychology – one that made its author one of the most influential social psychologists of his time. It is also a prime example of how creative thinking and problem solving skills can come together to produce work that changes the way people look at questions for good. Strong creative thinkers are able to look at things from a new perspective often to the point of challenging the very frames in which those around them see things. Festinger was such a creative thinker leading what came to be known as the “cognitive revolution” in social psychology. When Festinger was carrying out his research the dominant school of thought – behaviorism – focused on outward behaviors and their effects. Festinger however turned his attention elsewhere looking at “cognition:” the mental processes behind behaviors. In the case of “cognitive dissonance” for example he hypothesized that apparently incomprehensible or illogical behaviors might be caused by a cognitive drive away from dissonance or internal contradiction. This perspective however raised a problem: how to examine and test out cognitive processes. Festinger’s book records the results of the psychological experiments he designed to solve that problem. The results helped prove the existence for what is now a fundamental theory in social psychology. | An Analysis of Leon Festinger's A Theory of Cognitive Dissonance

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An Analysis of Nassim Nicholas Taleb's The Black Swan The Impact of the Highly Improbable

An Analysis of Jane Jacobs's The Death and Life of Great American Cities

An Analysis of Jane Jacobs's The Death and Life of Great American Cities

Despite having no formal training in urban planning Jane Jacobs deftly explores the strengths and weaknesses of policy arguments put forward by American urban planners in the era after World War II. They believed that the efficient movement of cars was of more value in the development of US cities than the everyday lives of the people living there. By carefully examining their relevance in her 1961 book The Death and Life of Great American Cities Jacobs dismantles these arguments by highlighting their shortsightedness. She evaluates the information to hand and comes to a very different conclusion that urban planners ruin great cities because they don’t understand that it is a city’s social interaction that makes it great. Proposals and policies that are drawn from planning theory do not consider the social dynamics of city life. They are in thrall to futuristic fantasies of a modern way of living that bears no relation to reality or to the desires of real people living in real spaces. Professionals lobby for separation and standardization splitting commercial residential industrial and cultural spaces. But a truly visionary approach to urban planning should incorporate spaces with mixed uses together with short walkable blocks large concentrations of people and a mix of new and old buildings. This creates true urban vitality. | An Analysis of Jane Jacobs's The Death and Life of Great American Cities

GBP 6.50
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An Analysis of Henry Kissinger's World Order Reflections on the Character of Nations and the Course of History

An Analysis of Henry Kissinger's World Order Reflections on the Character of Nations and the Course of History

Henry Kissinger’s 2014 book World Order: Reflections on the Character of Nations and the Course of History not only offers a summary of thinking developed throughout a long and highly influential career–it is also an intervention in international relations theory by one of the most famous statesmen of the twentieth century. Kissinger initially trained as a university professor before becoming Secretary of State to President Richard Nixon in 1973 – a position in which he both won the Nobel Peace Prize and was accused of war crimes by protesters against American military actions in Vietnam. While a controversial figure Kissinger is widely agreed to have a unique level of practical and theoretical expertise in politics and international relations – and World Order is the culmination of a lifetime’s experience of work in those fields. The product of a master of the critical thinking skill of interpretation World Order takes on the challenge of defining the worldviews at play in global politics today. Clarifying precisely what is meant by the different notions of ‘order’ imagined by nations across the world as Kissinger does highlights the challenges of world politics and sharpens the focus on efforts to make surmounting these divisions possible. While Kissinger’s own reputation will likely remain equivocal there is no doubting the interpretative skills he displays in this engaging and illuminating text. | An Analysis of Henry Kissinger's World Order Reflections on the Character of Nations and the Course of History

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An Analysis of David Graeber's Debt The First 5 000 Years

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An Analysis of Marcus Aurelius's Meditations