The Truth About the 2008 Financial Crisis

2012 ◽  
Author(s):  
William J. Dodwell
Author(s):  
Michael Harris

What do pure mathematicians do, and why do they do it? Looking beyond the conventional answers, this book offers an eclectic panorama of the lives and values and hopes and fears of mathematicians in the twenty-first century, assembling material from a startlingly diverse assortment of scholarly, journalistic, and pop culture sources. Drawing on the author's personal experiences as well as the thoughts and opinions of mathematicians from Archimedes and Omar Khayyám to such contemporary giants as Alexander Grothendieck and Robert Langlands, the book reveals the charisma and romance of mathematics as well as its darker side. In this portrait of mathematics as a community united around a set of common intellectual, ethical, and existential challenges, the book touches on a wide variety of questions, such as: Are mathematicians to blame for the 2008 financial crisis? How can we talk about the ideas we were born too soon to understand? And how should you react if you are asked to explain number theory at a dinner party? The book takes readers on an unapologetic guided tour of the mathematical life, from the philosophy and sociology of mathematics to its reflections in film and popular music, with detours through the mathematical and mystical traditions of Russia, India, medieval Islam, the Bronx, and beyond.


2012 ◽  
Author(s):  
Ivelina Pavlova ◽  
Ann Marie Hibbert ◽  
Joel R. Barber ◽  
Krishnan Dandapani

Author(s):  
John L. Campbell

Chapter 7 explains that the financial crisis and Barack Obama’s presidency pushed political polarization into extreme political gridlock in Washington. Americans became disgusted. The 2008 financial crisis exacerbated America’s economic woes and made people angry. The fact that Obama was America’s first African American president made things worse. So did his moves to handle the financial crisis and Great Recession, and reform the national health care system. Trump tapped the public’s anger, turning it to his electoral advantage. He promised that because as a billionaire he wasn’t beholden to anyone, he would unify the country and cut through the gridlock by “draining the swamp” in Washington. And if Congress didn’t cooperate, he said that he would move unilaterally by issuing executive orders that would get the job done. It worked and he was elected president.


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