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In 1998, President Boris Yeltsin?s government defaulted on its domestic debt and Russia experienced a financial meltdown that brought it to the brink of disaster. In No Precedent, No Plan, Martin Gilman offers an insider?s view of Russia?s financial crisis. As the International Monetary Fund?s senior person in Moscow, Gilman was in the eye of the storm. Russia?s policy response to the economic collapse stemming from the disintegration of the Soviet Union was chaotic. Fiscal deficits loomed in anticipation of future budget revenue that never seemed to materialize?despite repeated promises to the IMF. The rapid buildup of sovereign debt would have challenged even a competent government. In the new Russia, with its barely functioning government and no consensus on the path toward democratic and economic transformation, domestic politics trumped economic common sense.
Gilman argues that the debt default, although avoidable, actually spurred Russia to integrate its economy with the rest of the world. In analyzing the ordeal of the 1998 crisis, Gilman suggests that the IMF helped Russia avoid an even greater catastrophe. He details the IMF?s involvement and underscores the unique challenge that Russia presented to the IMF. There really was no precedent, even if economist Joseph Stiglitz and others argued otherwise. In recounting Russia?s emergence from the IMF?s tutelage, Gilman explains how the shell-shocked Russian public turned to Vladimir Putin in search of stability after the trauma of 1998. And although Russia?s own prospects are favorable, Gilman expresses concern that the 1998 Russian default could serve as an unfortunate precedent for sovereign defaults in the future with the IMF once again playing a similar role.
No Precedent, No Plan offers a definitive account?the first from an insider’s perspective?of Russia’s painful transition to a market economy.
About the Author
Martin Gilman, with the International Monetary Fund from 1981 to 2005, was the IMF’s senior representative in Moscow during Russia’s period of default and rebuilding. Currently Professor of Economics at Russia’s Higher School of Economics, he lives in Moscow with his wife, the distinguished Russian journalist Tatiana Malkina, and their two children.
In South Korea, online gaming is a cultural phenomenon. Games are broadcast on television, professional gamers are celebrities, and youth culture is often identified with online gaming. Uniquely in the online games market, Korea not only dominates the local market but has also made its mark globally. In Korea’s Online Gaming Empire, Dal Yong Jin examines the rapid growth of this industry from a political economy perspective, discussing it in social, cultural, and economic terms.
Korea has the largest percentage of broadband subscribers of any country in the world, and Koreans spend increasing amounts of time and money on Internet-based games. Online gaming has become a mode of socializing?a channel for human relationships. The Korean online game industry has been a pioneer in software development and eSports (electronic sports and leagues). Jin discusses the policies of the Korean government that encouraged the development of online gaming both as a cutting-edge business and as a cultural touchstone; the impact of economic globalization; the relationship between online games and Korean society; and the future of the industry. He examines the rise of Korean online games in the global marketplace, the emergence of eSport as a youth culture phenomenon, the working conditions of professional gamers, the role of game fans as consumers, how Korea’s local online game industry has become global, and whether these emerging firms have challenged the West’s dominance in global markets.
About the Author
Dal Yong Jin is Associate Professor at KAIST (Korea Advanced Institute of Science and Technology).
October 2010
8 x 9, 1096 pp.
$90.00/£49.95 (CLOTH)
Text
ISBN-10:
0-262-23258-8
ISBN-13:
978-0-262-23258-6
Econometric Analysis of Cross Section and Panel Data, 2nd Edition
Table of Contents and Sample Chapters
The second edition of this acclaimed graduate text provides a unified treatment of the analysis of two kinds of data structures used in contemporary econometric research: cross section data and panel data. The book covers both linear and nonlinear models, including models with dynamics and/or individual heterogeneity. In addition to general estimation frameworks (particularly methods of moments and maximum likelihood), specific linear and nonlinear methods are covered in detail, including probit and logit models, multinomial and ordered choice models, Tobit models and two-part extensions, models for count data, various censored and missing data schemes, causal (or treatment) effect estimation, and duration analysis. Control function and correlated random effects approaches are expanded to allow estimation of complicated models in the presence of endogeneity and heterogeneity.
This second edition has been substantially updated and revised. Improvements include a broader class of models for missing data problems; more detailed treatment of cluster sampling problems, an important topic for empirical researchers; expanded discussion of ?generalized instrumental variables? (GIV) estimation; new coverage of inverse probability weighting; a more complete framework for estimating treatment effects with assumptions concerning the intervention and different data structures, including panel data, and a firmly established link between econometric approaches to nonlinear panel data and the ?generalized estimating equation? literature popular in statistics and other fields. New attention is given to explaining when particular econometric methods can be applied; the goal is not only to tell readers what does work, but why certain ?obvious? procedures do not. The numerous included exercises, both theoretical and computer-based, allow the reader to extend methods covered in the text and discover new insights.
About the Author
Jeffrey M. Wooldridge is University Distinguished Professor of Economics at Michigan State University and a Fellow of the Econometric Society.
“I highly recommend this book for graduate classes in econometrics. We have used it at MIT and the students find it extremely helpful. Wooldridge covers topics in a highly readable and insightful way.” ?Jerry Hausman, John and Jennie S. MacDonald Professor of Economics, MIT
?This second edition provides a comprehensive, accessible, and updated treatment of cross section and panel data methods. The book is full of useful insights, applications, and worked problems. It will serve as an invaluable textbook and reference for graduate students and researchers alike.? ?Richard Blundell, Institute for Fiscal Studies, University College London
?In this leading econometrics textbook, Wooldridge offers a very good explanation of the basics of the field ? making it a great resource for econometrics students ? and a contemporary treatment of many important topics, making it a wonderful reference for researchers as well. The new edition provides clear explanations of many recent developments.? ?Whitney Newey, Jane Berkowitz Carlton and Dennis William Carlton Professor of Microeconomics, MIT
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Over the last decade, the study of complex networks has expanded across diverse scientific fields. Increasingly, science is concerned with the structure, behavior, and evolution of complex systems ranging from cells to ecosystems. Modern network approaches are beginning to reveal fundamental principles of brain architecture and function, and in Networks of the Brain, Olaf Sporns describes how the integrative nature of brain function can be illuminated from a complex network perspective. Highlighting the many emerging points of contact between neuroscience and network science, the book serves to introduce network theory to neuroscientists and neuroscience to those working on theoretical network models.
Brain networks span the microscale of individual cells and synapses and the macroscale of cognitive systems and embodied cognition. Sporns emphasizes how networks connect levels of organization in the brain and how they link structure to function. In order to keep the book accessible and focused on the relevance to neuroscience of network approaches, he offers an informal and nonmathematical treatment of the subject. After describing the basic concepts of network theory and the fundamentals of brain connectivity, Sporns discusses how network approaches can reveal principles of brain architecture. He describes new links between network anatomy and function and investigates how networks shape complex brain dynamics and enable adaptive neural computation. The book documents the rapid pace of discovery and innovation while tracing the historical roots of the field.
The study of brain connectivity has already opened new avenues of study in neuroscience. Networks of the Brain offers a synthesis of the sciences of complex networks and the brain that will be an essential foundation for future research.
About the Author
Olaf Sporns is Professor and Associate Chair in the Department of Psychological and Brain Sciences, Adjunct Professor in the School of Informatics and Computing, a member of the programs in Neuroscience and Cognitive Science, and Head of the Computational Cognitive Neuroscience Laboratory at Indiana University Bloomington.
Journalism has embraced digital media in its struggle to survive. But most online journalism just translates existing practices to the Web: stories are written and edited as they are for print; video and audio features are produced as they would be for television and radio. The authors of Newsgames propose a new way of doing good journalism: videogames.
Videogames are native to computers rather than a digitized form of prior media. Games simulate how things work by constructing interactive models; journalism as game involves more than just revisiting old forms of news production. The book describes newsgames that can persuade, inform, and titillate; make information interactive; recreate a historical event; put news content into a puzzle; teach journalism; and build a community. Wired magazine?s game Cutthroat Capitalism, for example, explains the economics of Somali piracy by putting the player in command of a pirate ship, offering choices for hostage negotiation strategies. And Powerful Robot?s game September 12th offers a model for a short, quickly produced, and widely distributed editorial newsgame.
Videogames do not offer a panacea for the ills of contemporary news organizations. But if the industry embraces them as a viable method of doing journalism?not just an occasional treat for online readers?newsgames can make a valuable contribution.
About the Authors
Ian Bogost is Associate Professor in the School of Literature, Communication, and Culture, at Georgia Institute of Technology and Founding Partner, Persuasive Games LLC. He is the author of Persuasive Games: The Expressive Power of Videogames and Unit Operations: An Approach to Videogame Criticism, and the coauthor (with Nick Montfort) of Racing the Beam: The Atari Video Computer System (2009), all published by the MIT Press.
Simon Ferrari is a doctoral student in digital media at the Georgia Institute of Technology.
Bobby Schweizer is a doctoral student in digital media at the Georgia Institute of Technology.
The Memory Process offers a groundbreaking, interdisciplinary approach to the understanding of human memory, with contributions from both neuroscientists and humanists. The first book to link the neuroscientific study of memory to the investigation of memory in the humanities, it connects the latest findings in memory research with insights from philosophy, literature, theater, art, music, and film.
Chapters from the scientific perspective discuss both fundamental concepts and ongoing debates from genetic and epigenetic approaches, functional neuroimaging, connectionist modeling, dream analysis, and neurocognitive studies. The humanist analyses offer insights about memory from outside the laboratory: a taxonomy of memory gleaned from modernist authors including Virginia Woolf, James Joyce, and William Faulkner; the organization of memory, seen in drama ranging from Hamlet to The Glass Menagerie; procedural memory and emotional memory in responses to visual art; music?s dependence on the listener?s recall; and the vivid renderings of memory and forgetting in such films as Memento and Eternal Sunshine of the Spotless Mind. The chapters from the philosophical perspective serve as the bridge between science and the arts. The volume?s sweeping introduction offers an integrative merging of neuroscientific and humanistic findings.
Contributors: John Bickle, Jean-Pierre Changeux, Val?rie Doy?re, Yadin Dudai, Atillio Favorini, John Burt Foster, David Freedberg, Walter Glannon, Robert Stickgold, David Hertz, William Hirstein, Joseph LeDoux, Paul Matthews, James L. McClelland, Suzanne Nalbantian, Isabelle Peretz, Alan Richardson, Edmund Rolls, S?verine Samson, Alcino Silva, Barbara Tillmann, Fernando Vidal
About the Editors
Suzanne Nalbantian is Professor of Comparative Literature at Long Island University and the author of Memory in Literature: From Rousseau to Neuroscience, Aesthetic Autobiography, and other books.
Paul M. Matthews is Vice President at GlaxoSmithKline in London, Professor of Clinical Neurosciences at Imperial College, London, and the coauthor of The Bard on the Brain: Understanding the Mind through the Art of Shakespeare.
James L. McClelland is Professor of Psychology and Director of the Center for Mind, Brain, and Computation at Stanford University. He is the coauthor of Parallel Distributed Processing (1986) and Semantic Cognition (2004), both published by the MIT Press.
October 2010
4 3/4 x 6 1/4, 320 pp., 200 color illus.
$15.95/£11.95 (CLOTH)
Trade
ISBN-10:
0-262-01466-1
ISBN-13:
978-0-262-01466-3
