Tuesday, December 16, 2008

Other Peoples Money and how the Bankers Use It or Constraint Theory

Other People's Money and How the Bankers Use It: By Louis D. Brandeis

Author: Louis D Brandeis

Louis Brandeis published Other People's Money in 1914 to warn of the dangers of the "money trust" - the extensive control a few powerful banks exercised over the nation's money supply and American industry. This new edition places Brandeis's influential work in the context of Progressive-era reform and describes the key role that Brandeis and his book played in shaping early twentieth-century public policy. Photographs, a chronology, questions for consideration, a bibliography, and an index are also provided.

Booknews

Brandeis published his warning about the centralization of financial power in the US in 1914. Melvin L. Urofsky (constitutional history, Virginia Commonwealth U.-Richmond) decided to edit and publish a new edition, ostensibly to be used in college courses about Progressive-era history and reform. But he also suggests that, though the numbers and (some of) the names have changed, and though the national scene has become global, the patterns of ownership and behavior Brandeis described and the political and social consequences he foresaw are chillingly familiar today. Annotation c. Book News, Inc., Portland, OR (booknews.com)



Look this: Economists Handbook or Continuity and Change in Contemporary Capitalism

Constraint Theory: Multidimensional Mathematical Model Management

Author: George J Friedman

The enormous potential of digital computation to manage new complex systems is impeded by exponential increases in complexity. As the model's dimensionality increases from hundreds to thousands of variables, and as submodels constructed by diverse technical teams are integrated into the total model, the model is likely to become inconsistent and even more likely, the computational requests on the model become unallowable. This text analyzes the way constraint theory employs bipartite graphs and constraint matrices to detect and correct these well-posed problems. It also presents the process of locating the "kernel of constraint", literally trillions of times faster than a random search, determining consistency and compatibility within seconds. This text is an invaluable reference to all engineers, mathematicians and managers concerned with modeling.



No comments: