Living In The Long Run

How do you want to run - a marathon in under four hours or at the age of 90? To take Arne Haase as a role model: Germany's oldest marathon runner is still doing 20 kilometers twice a week at the age of 90. And it doesn't have to be that sporty. But wouldn't the Haase model be a nice vision of you in your old days, being trapped in the body of a 45-year-old? For millions of people, regular exercise is part of their lives. But almost all of us run the wrong way. To stay mobile from now until old age, we can make up our minds for a fundamental change. E.g. we mostly, unconsciously run as if we were training for a competition. From the age of 40, our strength and joints start to deteriorate. So what can we change in order to enjoy it forever? Change our running attitude, running mindfully, reduce our biological age: Food for thought from philosophy, psychology and coaching leads to a lifestyle that keeps you strong and healthy forever. One reading session and you're off and running! Living in the long Run is neither a motivational guide nor a training companion: just read it, put it down and start a new life! The inspiring narrative running coach invites you to take things radically slowly, but to take the first small step towards almost infinity. Because endurance matters. Running properly starts in your mind! In order to still be strong at the age of 90, author Dr. Patrick Krause tears down the performance patterns from our sporting past as well as our modern society; running (or any other fitness sport) should ultimately glide into the flow beyond all logic of increase - our bones will be grateful! How does that kind of stress-reduced running work? More like a meditation to go with the flow - and that's also how the book is written. Because running properly starts in your mind! This means eliminating opponents such as some fellow runners and potential tempo tyrans like watches and apps, which focus on competition and the logic of improvement. It's about consciously taking every mental and athletic step. Valuable companions on the short path to an eternal running life are techniques from meditation and philosophy as well as impulses from other sports and training aspects for long distances. Because those who train like iron triathletes can surpass themselves, you bet! Living in the long Run combines running with joie de vivre in an instructive and entertaining way, both immediately and long-term.

This engaging book contains a set of original contributions to the much-debated issues of long-run economic growth in relation to institutional and social progress. It explores the mutual relationships between living standards, social habits, education an

We Can't Run Away From This, the new book by bestselling author Damian Hall, is now available for pre-order. In It for the Long Run is ultrarunner Damian Hall's story of his Pennine Way record attempt in July 2020. In July 1989, Mike Hartley set the Fastest Known Time (FKT) record for the Pennine Way, running Britain's oldest National Trail in a little over two days and seventeen hours. He didn't stop to sleep, but did break for fifteen minutes for fish and chips. Hartley's record stood for thirty-one years, until two attempts were made on it in two weeks in the summer of 2020. First, American John Kelly broke Hartley's record by less than an hour, then Hall knocked another two hours off Kelly's time. Hall used his record attempt to highlight environmental issues: his attempt was carbon negative, he used no plastics, and he and his pacing runners collected litter as they went, while also raising money for Greenpeace. A vegan, Hall used no animal products on his attempt. Scrawled on his arm in permanent marker was 'FFF', signifying the three things that matter most to him: Family, Friends, Future. Packed with dry wit and humour, In It for the Long Run tells of Hall's four-year preparation for his attempt, and of the run itself. He also gives us an autobiographical insight into the deranged world of midlife crisis ultramarathon running and record attempts.

A groundbreaking debunking of moderate attempts to resolve financial crises In the ruins of the 2007–2008 financial crisis, self-proclaimed progressives the world over clamored to resurrect the economic theory of John Maynard Keynes. The crisis seemed to expose the disaster of small-state, free-market liberalization and deregulation. Keynesian political economy, in contrast, could put the state back at the heart of the economy and arm it with the knowledge needed to rescue us. But what it was supposed to rescue us from was not so clear. Was it the end of capitalism or the end of the world? For Keynesianism, the answer is both. Keynesians are not and never have been out to save capitalism, but rather to save civilization from itself. It is political economy, they promise, for the world in which we actually live: a world in which prices are “sticky,” information is “asymmetrical,” and uncertainty inescapable. In this world, things will definitely not take care of themselves in the long run. Poverty is ineradicable, markets fail, and revolutions lead to tyranny. Keynesianism is thus modern liberalism’s most persuasive internal critique, meeting two centuries of crisis with a proposal for capital without capitalism and revolution without revolutionaries. If our current crises have renewed Keynesianism for so many, it is less because the present is worth saving, than because the future seems out of control. In that situation, Keynesianism is a perfect fit: a faith for the faithless.

A century ago, life expectancy was roughly 40 years, hence all income could be consumed, as for most people, there was no need to save for retirement. Today, things have drastically changed: Life expectancy exceeds 80 years in many countries, and one should expect to live and consume many years after retirement. Thus, we have many investors with various investment horizons, where the length of the investment horizon becomes a crucial factor in determining the best investment diversification.This book analyzes the effect of the investment horizon on the optimal diversification, specifically between stocks and bonds: Should a young investor and an older investor have the same portfolio? Is it recommended to savers for retirement to change the asset allocation between stocks and bonds as they grow older, as life cycle mutual funds do in practice? Is the idiom 'stocks for the long run' backed by scientific evidence? We analyze for which horizons it is recommended to employ the popular Mean-Variance rule and for which horizons employing this rule induces an economic distortion, hence a loss to the investors. It is shown that all relevant parameters for investment choice (means, variances, and correlations) change in a non-linear way with the horizon, a fact that makes the investment horizon crucial for investment choices. Similarly, the popular Sharpe, Treynor, and Jensen performance indices vary with the assumed horizon even in the case of independence over time. To analyze all the above issues, we employ the Mean-Variance rule and Stochastic Dominance rules, as well as direct expected utility calculations.

Follow Travis Hawk on a cross-country trek as he escapes a world of brutality and uncertainty and puts his trust, and even his very life, in the hands of total strangers. Travis's story is one of struggle, survival, risk and resilience, navigating a solo journey of hundreds of miles to seek a safe haven far from the demons of his past.

In the Long Run: A Cultural History of Broadway’s Hit Plays presents in-depth analysis of 15 plays that ran over 1,000 performances, examining what made each so popular in its time—and then, in many cases, fall into obscurity. Covering one hundred years of theatre history, it traces the long-running Broadway play as a distinct cultural phenomenon that rises and falls from 1918 to 2018. Each chapter focuses on the longest-running plays of a particular decade, synthesizing historical research and dramaturgical analysis to explain how they functioned as works of theatrical art, cultural commodities, and reflections of the values, conflicts, and fantasies of their times. At the heart of each play’s history are the ideological contradictions often present in works of popular culture that appeal to diverse audiences, particularly around issues of gender, race, class, and sexuality. Suitable for anyone with an interest in Broadway and its history, In the Long Run explores the nature of time in this ephemeral art form, the tensions between commerce and art, between popularity and prestige, and the changing position of the Broadway play within American popular culture.

Recent approaches to economic demography, investigating the effect of the transition to low mortality and low fertility on economic development. Over the last two hundred years, mortality and fertility levels in the Western world have dropped to unprecedented levels. This demographic transition was accompanied by an economic transition that led to widespread education and economic growth after centuries of near-stagnation. At the same time, other changes have occurred in family structures, culture, and the organization of society. Economists have only recently begun to take into account the demographic transition from high mortality and high fertility when modeling and researching economic development. This CESifo volume reviews recent approaches to economic demography, considering such topics as the bio-geographic origins of comparative development differences, the role of health improvements and mortality decline, as well as physiological, familial, cultural, and social aspects. After an overview of the study of demography and economic demography, the chapters cover subjects including the Neolithic era and the period of the formation of states and social institutions; longevity and economic growth; household decision making and fertility; land inequality, education, and marriage in nineteenth century Prussia; and caste systems and technology in pre-modern societies. The book concludes with a call for further investigation of the institutional and social factors that influence demographics and economies, suggesting that unified growth theory offers a potential approach to studying development. Contributors Matteo Cervellati, Francesco Cinnirella, David de la Croix, Carl-Johann Dalgaard, Matthias Doepke, Elena Esposito, Davide Fiaschi, Tamara Fioroni, Oded Galor, Boris Gershman, Erik Hornung, Fabian Kindermann, Nils-Petter Lagerlöf, Holger Strulik, Uwe Sunde, David N. Weil