Technocrats claim to know how to solve the social and economic problems of complex modern societies. But as Jeffrey Friedman argues in Power without Knowledge, there is a fundamental flaw with technocracy: it requires an ability to predict how the people whom technocrats attempt to control will act in response to technocratic policies. However, the mass public's ideas-the ideas that drive their actions-are far too varied and diverse to be reliably predicted. But that is not the only problem. Friedman reminds us that a large part of contemporary mass politics, even populist mass politics, is essentially technocratic too. Members of the general public often assume that they are competent to decide which policies or politicians will be able to solve social and economic problems. Yet these ordinary "citizen-technocrats" typically regard the solutions to social problems as self-evident, such that politics becomes a matter of vetting public officials for their good intentions and strong wills, not their technocratic expertise. Finally, Friedman argues that technocratic experts themselves drastically oversimplify technocratic realities. Economists, for example, theorize that people respond rationally to the incentives they face. This theory is simplistic, but it gives the appearance of being able to predict people's behavior in response to technocratic policy initiatives. If stripped of such gross oversimplications, though, technocrats themselves would be forced to admit that a rational technocracy is nothing more than an impossible dream. Ranging widely over the philosophy of social science, rational choice theory, and empirical political science, Power without Knowledge is a pathbreaking work that upends traditional assumptions about technocracy and politics, forcing us to rethink our assumptions about the legitimacy of modern governance.

Power without Knowledge: A Critique of Technocracy

Politics & Social Sciences

Friedman, Jeffrey

Philosophy

Oxford University Press

The past few years have featured such blockbusters as Super-Size Me, Fahrenheit 9/11, Sicko, March of the Penguins, and An Inconvenient Truth. And as news articles proclaim a new era in the history of documentary films, more and more new directors are making their first film a nonfiction one. But in addition to posing all of the usual challenges inherent to more standard filmmaking, documentaries also present unique problems that need to be understood from the outset. Where does the idea come from? How do you raise the money? How much money do you need? What visual style is best suited to the story? What are the legal issues involved? And how can a film reach that all-important milestone and find a willing distributor? Epstein, Friedman, and Wood tackle all of these important questions with examples and anecdotes from their own careers. The result is an informative and entertaining guide for those just starting out, and an enlightening read for anyone interested in a behind-the-scenes look at this newly reinvigorated field of film.

The Art of Nonfiction Movie Making

Humor & Entertainment

Epstein, Rob

Wood, Sharon

Movies

Praeger

Pathologies of Rational Choice Theory, a book written by Donald Green and Ian Shapiro and published in 1994, excited much controversy among political scientists and promoted a dialogue among them that was printed in a double issue of the journal Critical Review in 1995. This new book reproduces thirteen essays from the journal written by senior scholars in the field, along with an introduction by the editor of the journal, Jeffrey Friedman, and a rejoinder to the essays by Green and Shapiro. The scholars―who include John Ferejohn, Morris P. Fiorina, Stanley Kelley, Jr., Robert E. Lane, Peter C. Ordeshook, Norman Schofield, and Kenneth A. Shepsle―criticize, agree with, or build on the issues raised by Green and Shapiro`s critique. Together the essays provide an interesting and accessible way of focusing on competing approaches to the study of politics and the social sciences.

Rational Choice Controversy: Economic Models of Politics Reconsidered

Yale University Press

The financial crisis has been blamed on reckless bankers, irrational exuberance, government support of mortgages for the poor, financial deregulation, and expansionary monetary policy. Specialists in banking, however, tell a story with less emotional resonance but a better correspondence to the evidence: the crisis was sparked by the international regulatory accords on bank capital levels, the Basel Accords.
In one of the first studies critically to examine the Basel Accords, Engineering the Financial Crisis reveals the crucial role that bank capital requirements and other government regulations played in the recent financial crisis. Jeffrey Friedman and Wladimir Kraus argue that by encouraging banks to invest in highly rated mortgage-backed bonds, the Basel Accords created an overconcentration of risk in the banking industry. In addition, accounting regulations required banks to reduce lending if the temporary market value of these bonds declined, as they did in 2007 and 2008 during the panic over subprime mortgage defaults.
The book begins by assessing leading theories about the crisis—deregulation, bank compensation practices, excessive leverage, "too big to fail," and Fannie Mae and Freddie Mac—and, through careful evidentiary scrutiny, debunks much of the conventional wisdom about what went wrong. It then discusses the Basel Accords and how they contributed to systemic risk. Finally, it presents an analysis of social-science expertise and the fallibility of economists and regulators. Engagingly written, theoretically inventive, yet empirically grounded, Engineering the Financial Crisis is a timely examination of the unintended—and sometimes disastrous—effects of regulation on complex economies.

Engineering the Financial Crisis: Systemic Risk and the Failure of Regulation

Business & Money

Kraus, Wladimir

Economics

University of Pennsylvania Press

"Your definintion of good engineering, solid economics, and common sense will inevitably differ from mine. Some have suggested that many proposed HDTV production and broadcast standards are really 'the Emperor's new clothes.' Some talk of market and political forces being the only way to choose standards for the short and long term. Others simply ask, 'What's the rush? Let's go slow here, fix NTSC, PAL, and SECAM, and choose a truly high-definition system for the next millenium.'" Peter Hammar, Program Chairman, from the preface. This is a compilation of selected papers on television technology presented during the 23rd annual SMPTE television conference in San Francisco, California, February 3-4, 1989. With pre-emptive vision, they addressed many of the issues in the television industry that we are currently seeing in technology news.

Better Video Images

Science & Math

Technology

Society of Motion Picture &

Water, Food and Poverty in River Basins

Friedman, Shterna

Taylor&Francis

Audit Education

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