Same-Sex Marriage: Pro and Con

by Andrew Sullivan

2009 · Vintage

With same-sex marriage igniting a firestorm of controversy in the press and in the courts, in legislative chambers and in living rooms, Andrew Sullivan, a pioneering voice in the debate, has brought together two thousand years of argument in an anthology of historic inclusiveness and evenhandedness. Among the selections included here: - The 2003 Massachusetts Supreme Judicial Court ruling in support of same-sex marriage - Justice Kennedy’s majority opinion and Justice Scalia’s dissent in the 2003 landmark Supreme Court decision striking down anti-sodomy laws - President George W. Bush’s call for a Federal Marriage Amendment - John Kerry’s Senate speech urging defeat of the Defense of Marriage Act - Harvard historian Nancy F. Cott's testimony before the Vermont House Judiciary Committee - Reverend Peter J. Gomes on the distinction between civil and religious marriage - Stanley Kurtz on the politics of gay marriage - Evan Wolfson on the popularity of the right to marry among lesbians and gay men - New York Times op-ed columnist David Brooks’ conservative case for same-sex marriage - Excerpts from Genesis, Leviticus, and other essential biblical texts - Aristophanes’s classic theory of same-sex love, from Plato’s Symposium - Hannah Arendt on marriage as a fundamental right - Camille Paglia’s skepticism Representing the full range of perspectives and the most cogent and arresting arguments, Same-Sex Marriage is essential to a balanced understanding of the most pressing cultural question we face today.

Adaptive Markets

by Andrew W. Lo

2019 · Princeton University Press

A new, evolutionary explanation of markets and investor behavior Half of all Americans have money in the stock market, yet economists can’t agree on whether investors and markets are rational and efficient, as modern financial theory assumes, or irrational and inefficient, as behavioral economists believe. The debate is one of the biggest in economics, and the value or futility of investment management and financial regulation hangs on the answer. In this groundbreaking book, Andrew Lo transforms the debate with a powerful new framework in which rationality and irrationality coexist—the Adaptive Markets Hypothesis. Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, Adaptive Markets shows that the theory of market efficiency is incomplete. When markets are unstable, investors react instinctively, creating inefficiencies for others to exploit. Lo’s new paradigm explains how financial evolution shapes behavior and markets at the speed of thought—a fact revealed by swings between stability and crisis, profit and loss, and innovation and regulation. An ambitious new answer to fundamental questions about economics and investing, Adaptive Markets is essential reading for anyone who wants to understand how markets really work.