If wars are costly and risky to both sides, why do they occur? Why engage in an arms race when it’s clear that increasing one’s own defense expenditures will only trigger a similar reaction by the other side, leaving both countries just as insecure—and considerably poorer? Just as people buy expensive things precisely because they are more expensive, because they offer the possibility of improved social status or prestige, so too do countries, argues Lilach Gilady. In The Price of Prestige, Gilady shows how many seemingly wasteful government expenditures that appear to contradict the laws of demand actually follow the pattern for what are known as Veblen goods, or positional goods for which demand increases alongside price, even when cheaper substitutes are readily available. From flashy space programs to costly weapons systems a country does not need and cannot maintain to foreign aid programs that offer little benefit to recipients, these conspicuous and strategically timed expenditures are intended to instill awe in the observer through their wasteful might. And underestimating the important social role of excess has serious policy implications. Increasing the cost of war, for example, may not always be an effective tool for preventing it, Gilady argues, nor does decreasing the cost of weapons and other technologies of war necessarily increase the potential for conflict, as shown by the case of a cheap fighter plane whose price tag drove consumers away. In today’s changing world, where there are high levels of uncertainty about the distribution of power, Gilady also offers a valuable way to predict which countries are most likely to be concerned about their position and therefore adopt costly, excessive policies.

In 1878, two young stage magicians clash in a darkened salon during the course of a fraudulent séance, and from this moment they try to expose and outwit each other at every turn.

This is a book about one of the great untold stories of modern cultural life: the remarkable ascendancy of prizes in literature and the arts. Such prizes and the competitions they crown are almost as old as the arts themselves, but their number and power--and their consequences for society and culture at large--have expanded to an unprecedented degree in our day. In a wide-ranging overview of this phenomenon, James F. English documents the dramatic rise of the awards industry and its complex role within what he describes as an economy of cultural prestige. Observing that cultural prizes in their modern form originate at the turn of the twentieth century with the institutional convergence of art and competitive spectator sports, English argues that they have in recent decades undergone an important shift--a more genuine and far-reaching globalization than what has occurred in the economy of material goods. Focusing on the cultural prize in its contemporary form, his book addresses itself broadly to the economic dimensions of culture, to the rules or logic of exchange in the market for what has come to be called "cultural capital." In the wild proliferation of prizes, English finds a key to transformations in the cultural field as a whole. And in the specific workings of prizes, their elaborate mechanics of nomination and election, presentation and acceptance, sponsorship, publicity, and scandal, he uncovers evidence of the new arrangements and relationships that have refigured that field.

Originally published in 1937, this volume contains the text of the Rede Lecture for that year, delivered by Vita Sackville-West's ex-husband Harold Nicolson. This book will be of value to anyone with an interest in the history of British diplomacy and British nationalism.

This book assembles the evidence for what the Greek Fathers, the men whose contructive thought underlies the creeds, really thought and taught about the nature of God. It shows that they were original thinkers, with a profound reverence for the text of the Scriptures, and minds keenly tranined to discuss what ultimate truths were expressed in the scriptural text and what reality should be ascribed to Christian religious experience. The results indicate that a good deal which is assumed in current theological text-books needs to be revised. The Fathers had to reconcile monotheism with faith in a Trinity of divine Persons. In the process, they pursued many lines of inquiry, often only to discard them after trial, but after following various clues and making various intellectual adventures they reached a solution of the problem, which was both true to their data and philosophically reasonable. Though the bulk of the book is concerned with the third and fourth centuries, during which the creeds were in the process of formulation, the story is carried down to the eighth century where the progress of original thought came to a standstill. It is shown that a great change came over the philosophical tradition during the sixth century, and owing to the consequent growth of formalism, a genuine outbreak of tritheism occurred. The book ends with the account of how this outbreak was met and overcome, largely through the efforts of a thinker whose very name is unknown, and whose book has only survived under the name of another man.

In a critical Cold War moment, Dwight D. Eisenhower's presidency suddenly changed when the Soviet Union launched Sputnik, the world's first satellite. What Ike called "a small ball" became a source of Russian pride and propaganda, and it wounded him politically, as critics charged that he responded sluggishly to the challenge of space exploration. Yet Eisenhower refused to panic after Sputnik-and he did more than just stay calm. He helped to guide the United States into the Space Age, even though Americans have given greater credit to John F. Kennedy for that achievement. In Eisenhower's Sputnik Moment, Yanek Mieczkowski examines the early history of America's space program, reassessing Eisenhower's leadership. He details how Eisenhower approved breakthrough satellites, supported a new civilian space agency, signed a landmark science education law, and fostered improved relations with scientists. These feats made Eisenhower's post-Sputnik years not the flop that critics alleged but a time of remarkable progress, even as he endured the setbacks of recession, medical illness, and a humiliating first U.S. attempt to launch a satellite. Eisenhower's principled stands enabled him to resist intense pressure to boost federal spending, and he instead pursued his priorities-a balanced budget, prosperous economy, and sturdy national defense. Yet Sputnik also altered the world's power dynamics, sweeping Eisenhower in directions that were new, even alien, to him, and he misjudged the importance of space in the Cold War's "prestige race." By contrast, Kennedy capitalized on the issue in the 1960 election, and after taking office he urged a manned mission to the moon, leaving Eisenhower to grumble over the young president's aggressive approach. Offering a fast-paced account of this Cold War episode, Mieczkowski demonstrates that Eisenhower built an impressive record in space and on earth, all the while offering warnings about America's stature and strengths that still hold true today.

This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1978.