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We analytically show that a common across rich/poor individuals Stone-Geary utility function with subsistence consumption in the context of a simple two-asset portfolio-choice model is capable of qualitatively explaining: (i) the higher saving rates of the rich, (ii) the higher fraction of personal wealth held in stocks by the rich, and (iii) the higher volatility of consumption of the wealthier. On the contrary, time-variant "keeping-up with the Joneses" weighted average consumption playing the role of moving benchmark subsistence consumption gives the same portfolio composition and saving rates across the rich and the poor, failing to reconcile the model with what micro data say.
Unternehmen und Ethik
(2010)
Die noch nicht völlig überwundene Finanzmarktkrise hat nicht nur den Gesetzgeber auf den Plan gerufen. Auch die Frage nach der Ethik der Akteure wird vielfach erörtert. Haben von Gier getriebene Finanzmarktakteure nicht nur Rechtsregeln, sondern auch ethische Normen, die Grundsätze des Wirtschaftens ehrbarer Kaufleute, gewissenlos beiseite geschoben, um sich zu bereichern? Wie läßt sich die Beachtung dieser Normen künftig sichern? Diese aktuelle Debatte soll Anlaß zu einigen allgemeineren Betrachtungen zum Thema „Unternehmen und Ethik“ sein.
Clio-online Guide Afrika
(2010)
Die Region Afrika nimmt im disziplinären Bereich der Geschichtswissenschaft eine Randposition ein. Daran hat auch die steigende Bedeutung im Kontext von "Global History" und Diaspora-Studien noch nichts geändert. Trotz der überschaubaren Infrastruktur gibt es interessante junge Projekte, die dem Bereich der digitalen Medien neue Impulse gegeben haben. Der Guide stellt neben den klassischen Literatur- und Volltextdatenbanken u.a. Bildarchive, Volltext-Harvester, Podcasts, Wikis und reine Open Access-Zeitschriften jeweils mit einem Schwerpunkt auf das sub-saharische Afrika vor.
"Since the events of the eighteenth century, in particular the French and American Revolutions, the concept of revolution has become one of the most important, and most widely used, concepts of modern political and philosophical thought. The revolutions of the eighteenth century are, however, also marked by a temporal logic that questions their radical departure from the past, both intellectually and practically. Indeed, the concept of revolution is often coupled with a renewed interest in ideals of human self-conception, moral beauty and education that are seen as having emerged in the classical antiquity of Greece and Rome. On both sides of the Atlantic, references to classical antiquity support contemporary achievements, on the one hand, and are used to question the existing state of political and intellectual affairs, on the other."
Szenen und Netzwerke, die für die Berliner Nachkriegsliteratur im Zeitraum der Jahre 1955 bis 1965 konstitutiv waren, bildeten den Gegenstand der Tagung, die die Johannes-Bobrowski-Gesellschaft in Zusammenarbeit mit dem Literaturforum im Brecht-Haus veranstaltete. Die von Andreas Degen konzipierte Veranstaltung fand vom 4. bis 5. März 2010 im Berliner Literaturforum im Brecht-Haus statt und wurde von der Arbeitsgemeinschaft Literarischer Gesellschaften und Gedenkstätten aus Bundesmitteln gefördert. Die Tagung begleiteten und ergänzten Lesungen aus Johannes Bobrowskis Briefwechsel mit Christoph Meckel und Lilo Fromm sowie Gespräche über "zu Unrecht vergessene" Texte Berliner Literatur aus den sechziger Jahren.
The European Commission's Green Paper "Audit Policy: Lessons from the Crisis" raises 38 questions regarding how the audit function could be enhanced in order to contribute to increased financial stability. The authors comment on these 38 questions, arguing that the general level of audit quality can be enhanced by extending the duties of care and by tightening the regulations on liability.
Homestead exemptions to personal bankruptcy allow households to retain their home equity up to a limit determined at the state level. Households that may experience bankruptcy thus have an incentive to bias their portfolios towards home equity. Using US household data from the Survey of Income and Program Participation for the period 1996-2006, we find that especially households with low net worth maintain a larger share of their wealth as home equity if a larger homestead exemption applies. This home equity bias is also more pronounced if the household head is in poor health, increasing the chance of bankruptcy on account of unpaid medical bills. The bias is further stronger for households with mortgage finance, shorter house tenures, and younger household heads, which taken together reflect households that face more financial uncertainty.
Willkommen!
(2010)
Brecht - Galileo
(2010)
This is the age of doubt, says Brecht's Galileo, the 17th century scientist. "It ain't necessarily so," says Gershwin's Sportin' Life of the 1930ies. "De t'ings dat yo li'ble / to read in de Bible / it ain't necessarily so. / Now I takes dat gospel / whenever it's pos'ble / but wid a grain of salt."
The tentative title of my presentation is GENDER AMBIVALENCE (AMBIGUITY?) and deals with Renaissance iconography in Thomas Mann's Death in Venice. It will show that homosexual attraction, although obvious in the story (and Mann's life) is a secondary issue and that the main concern lies with the problem provided by an aesthetic principle. (Parallel narratives, the plot is not the real/only story).
Germans against Hitler
(2010)
"The sun shines, and Hitler is master of this city. The sun shines, and dozens of my friends are in prison, possibly dead. Thousands of people like Frl. Schroeder are acclimatizing themselves, like an animal which changes its coat for the winter. After all, whatever government is in power, they are doomed to live in this town." These are among the final entries in Christopher Isherwood's Berlin Diaries. Hitler has legally assumed power and Isherwood, who "can't altogether believe that any of this has really happened," will leave the city he has come to love and return to England. The Nazi Movement that began a decade ago in seedy Bavarian beer halls has now conquered its very antithesis, Prussia. It seems unstoppable. The people, as always, will adapt or perish.
The house of Tantalus
(2010)
Wozu Dichter?
(2010)
Goethe's Tasso is no "Dichter in duerftiger Zeit." He is rather duerftig himself, unbalanced and impulsive in the extreme. In fact, in an annoyed moment, the diplomat Antonio sees him as a useless and pampered brat and undiplomatically says so, triggering a fateful sequence of events that generate a seemingly unstoppable momentum.
Goethe: Helena
(2010)
Although we are concentrating on the Third Act, Faust's appreciation of legend's most beautiful woman begins much earlier, perhaps as early as the Hexenkueche scene where he is thoroughly enraptured by a woman's image in a magical mirror. It drives him crazy, he says (2456), particularly since he has to stay at a certain distance to keep it in proper focus (2434); can you see Mephisto's mischievous smile at this bit of enforced "disinterested contemplation"? Woman is God's final art work, the true Crown of Creation, we learn from Schiller's Princess Eboli; Mephisto seems to say as much, and Faust like most men needs no convincing. We can't be sure that this is indeed Helen, we (and Faust) have yet to meet her. She remains nameless but, by any name, would be as sweet.
Gretchen's infanticide
(2010)
In the scene At The Well, Gretchen herself describes the sequence of events best and in all their fateful simplicity. It is the progress from "sin" to "shame", that is to public disgrace as soon as her private transgression becomes "visible" as pregnancy. Already here the painful confusion over her private perception ("good, dear love", lines 3585/6) and public judgment ("slut", line 3753) which will eventually drive her mad is obvious. In her derangement and despair she will destroy the evidence against her, that is, drown her child.