By Robert Frank
"The High-Beta wealthy is one who merits to be learn, and never simply because it presents the remainder of us with a cathartic dose of schadenfreude on the cost of the super-wealthy. Robert Frank makes a brand new, contrarian argument with very important implications for financial policymaking: glossy wealth is a much more risky substance than is often believed."
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Extra info for The High-Beta Rich: How the Manic Wealthy Will Take Us to the Next Boom, Bubble, and Bust
Example text
For the distinction we have been emphasizing resembles Comte's little or not at all. A genuine history of sociological theory must extend beyond a chronologically ordered set of critical synopses of doctrine; it must deal with the interplay between theory and such matters as the social origins and statuses of its exponents, the changing social organization of sociology, the changes that diffusion brings to ideas, and their relations to the environing social and cultural structure. We want now to sketch out some distinctive functions for systematic theory of a thorough grounding in the classical formulations of sociological theory.
28] Even the masterpieces of scientific literature will in time become worthless except for historical reasons. This is a basic difference bebveen the scientific and belletristic literature. It is inconceivable for a serious student of English literature, for example, not to have read Shakespeare, Milton and Scott. 55 Kessler's language is designed to raise the hackles of the reader. And indeed, from the standpoint of humanism and the history of science, this statement appears to be an expression of latter-day barbarism.
Organized by schools of sociological thought and designed "to connect the present sociology with its past," the book prefaces its account of each school with a list of precursors. Possibly because it refers in varying detail to more than a thousand authors, the book deploys widely differing criteria of identity between earlier and later ideas. 47. We are not suggesting that the model of development in the physical and life sciences is one of steady, inexorable continuity and cumulation. The history of these sciences is of course marked by many rediscoveries coming years or even generations after the prediscovery was lost to view.
