Antifragile

Antifragile
Author: Nassim Nicholas Taleb
Publisher: Random House
Total Pages: 545
Release: 2012-11-27
Genre: Business & Economics
ISBN: 0679645276

Antifragile is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are Fooled by Randomness, The Black Swan, Skin in the Game, and The Bed of Procrustes. Nassim Nicholas Taleb, the bestselling author of The Black Swan and one of the foremost thinkers of our time, reveals how to thrive in an uncertain world. Just as human bones get stronger when subjected to stress and tension, and rumors or riots intensify when someone tries to repress them, many things in life benefit from stress, disorder, volatility, and turmoil. What Taleb has identified and calls “antifragile” is that category of things that not only gain from chaos but need it in order to survive and flourish. In The Black Swan, Taleb showed us that highly improbable and unpredictable events underlie almost everything about our world. In Antifragile, Taleb stands uncertainty on its head, making it desirable, even necessary, and proposes that things be built in an antifragile manner. The antifragile is beyond the resilient or robust. The resilient resists shocks and stays the same; the antifragile gets better and better. Furthermore, the antifragile is immune to prediction errors and protected from adverse events. Why is the city-state better than the nation-state, why is debt bad for you, and why is what we call “efficient” not efficient at all? Why do government responses and social policies protect the strong and hurt the weak? Why should you write your resignation letter before even starting on the job? How did the sinking of the Titanic save lives? The book spans innovation by trial and error, life decisions, politics, urban planning, war, personal finance, economic systems, and medicine. And throughout, in addition to the street wisdom of Fat Tony of Brooklyn, the voices and recipes of ancient wisdom, from Roman, Greek, Semitic, and medieval sources, are loud and clear. Antifragile is a blueprint for living in a Black Swan world. Erudite, witty, and iconoclastic, Taleb’s message is revolutionary: The antifragile, and only the antifragile, will make it. Praise for Antifragile “Ambitious and thought-provoking . . . highly entertaining.”—The Economist “A bold book explaining how and why we should embrace uncertainty, randomness, and error . . . It may just change our lives.”—Newsweek

Racial Folly

Racial Folly
Author: Gordon Briscoe
Publisher: ANU E Press
Total Pages: 250
Release: 2010-02-01
Genre: Biography & Autobiography
ISBN: 1921666218

Briscoe's grandmother remembered stories about the first white men coming to the Northern Territory. This extraordinary memoir shows us the history of an Aboriginal family who lived under the race laws, practices and policies of Australia in the twentieth century. It tells the story of a people trapped in ideological folly spawned to solve 'the half-caste problem'. It gives life to those generations of Aboriginal people assumed to have no history and whose past labels them only as shadowy figures. Briscoe's enthralling narrative combines his, and his contemporaries, institutional and family life with a high-level career at the heart of the Aboriginal political movement at its most dynamic time. It also documents the road he travelled as a seventeen year old fireman on the South Australia Railways to becoming the first Aboriginal person to achieve a PhD in history.

The Economic System

The Economic System
Author: Eleanor Doyle
Publisher: Wiley
Total Pages: 0
Release: 2005-05-06
Genre: Business & Economics
ISBN: 9780470850015

The Economic System provides an accessible account of introductory economics theory that allows students more fully to appreciate the main features and complexity of the Economic System by integrating microeconomic and macroeconomic principles on a topic-by-topic basis. The purpose of the approach is to allow the student to understand the economy as a system of complex and inter-related features incorporating: consumers, producers, markets and governments based on an understanding of the roles of prices and markets and exchange. This structure provides a context whereby students understand that to analyse issues from an economic perspective often requires the use of both micro- and macroeconomic tools and an appreciation of the interrelationships that exist between them. An explicit aim in the book is to clarify how models and concepts in economics are useful as tools that support rigorous, methodical and logical analysis and not simply useful to solve mathematical "puzzles" by providing one "correct" answer.