Emperor Bernanke Has No Clothes - Michael Murphy Is Calling Him Out

Everyone is worried about what's going on with the economy. The Powers That Be continue to frantically give away huge piles of taxpayer money to get the US moving again and they're not willing to see that the bridge in the direction they're heading has collapsed.

Investment expert Michael Murphy, however, is doing what few seem willing to do: He's calling a spade a spade, dispassionately laying out the numbers and building a solid case for what is going to happen next in the US and world financial environments. (Hint: It's big and it's bad ) But it doesn't have to be bad for "you." Why? Because after Murphy tells the hard-to-swallow truth, he presents easy-to-follow instructions on how to protect your assets, your family, and your future when the shift hits the fan.

Murphy was one of a very small group that sounded the warning on the real estate collapse and the government's costly, ineffective response. He navigated his newsletter subscribers through the mess to a documented 148.5% gain in 2009, and continues to outperform the markets in 2010. And while most of that small group are now predicting deflation, "Survive the Great Inflation" gives you an abundance of facts, figures, charts and graphs to prove deflation is not the problem. It is high "inflation" that will demolish most people's finances and retirement if they haven't planned for it.

Past government performance is no guarantee of avoiding future stupidity. In fact, maybe it's a formula for assuring it. You need to get a clear view of what's happening now and the exact moves you need to make that will allow you to prepare for and prosper through what's coming, no matter how extreme. That's nothing less than what "Survive the Great Inflation" has to offer.

Michael Murphy, the leading independent technology stock analyst in America with 40 years of experience in the trenches, has put himself in the right place at the right time to know what is happening with the US and world economies. After graduating with honors in Economics from Harvard in 1963, he became a computer programmer in the nascent computer industry. He then took advantage of a fortuitous opportunity at American Express and made a career shift to technology stock analyst. American Express was a venture capital investor in a little semiconductor start-up named Intel, and Michael grew up along with Silicon Valley.

He became Vice President: Investment Planning & Control for American Express Investment Management in San Francisco, then a Chartered Financial Analyst. Next, he spent several years at Capital Research & Management/American Funds as a Security Analyst and Director of Investment Statistics. Shortly after the introduction of the IBM personal computer, Michael foresaw the opportunity for individual investors and left Capital Research to found the highly successful California Technology Stock Letter, which later became today s New World Investor. He also has been Chief Investment Officer of three mutual funds and CEO of two software companies.

Michael is an award-winning writer with numerous influential articles on finance, and he authored the business best seller, "Every Investor s Guide to High-Tech Stocks and Mutual Funds." He has been a featured investment expert in "Worth, The Wall Street Journal, Barron's" and "Money," and appears on CNBC and CNNfn.

Books by Michael Murphy "Every Investor's Guide to High-Tech Stocks and Mutual Funds, 3rd Edition: Proven Strategies for Picking High-Growth Winners" (1997), "High Tech Investing" (Essential Finance 2001), "Survive The Great Inflation: How to Protect Your Family, Your Future and Your Fortune from the Worst Fed Regime Ever (2010)."

This is a Festschrift to honour Professor Melvin Greenhut who has long toiled on spatial economics. The book accordingly focuses on a single question: in what sense 'economic space' matters in economic theory. Space in economics is an elusive concept, apparently separating and embracing economic agents at the same time. This is why adding it to already overly complicated economic agents at the same time. This is why adding it to already overly complicated economic models may not necessarily help economics to become sufficiently realistic. In this book, leading scholars of international stature try to find ways of introducing space in economic theory which will make it simpler and more realistic, analysing theoretical and historical issues of contemporary relevance, such as land use, congestion and public goods, location theory and spatial competition.

This book examines the economic reasons why people choose to live where they live and develops, through analysis of the bid rent function, a unified theory of urban land use and city size. The first part of the book explicates the basic theory of urban land use and optimal city size. Residential location behavior of households is examined in a microeconomic framework and equilibrium and optimal patterns of residential land use are discussed. The corresponding equilibrium and optimal city sizes are studied in a variety of contexts. Part Two extends the classical theories of von Thunen and Alonso with the addition of externality factors such as local public goods, crowding and congestion, and racial prejudice. The rigorous mathematical approach and theoretical treatment of the material make Urban Economic Theory of interest to researchers in urban economics, location theory, urban geography, and urban planning.

Inequality is not just a problem of poverty and the poor; it is as much a problem of wealth and the wealthy. The provision of public services is one area which is increasingly being reconfigured to extract wealth upward to the 1%, notably through so-called Public Private Partnerships (PPPs). The push for PPPs is not about building infrastructure for the benefit of society but about constructing new subsidies that benefit the already wealthy. In other words, it is less about financing development than developing finance. Understanding and exposing these processes is essential if inequality is to be challenged. But equally important is the need for critical reflection on how the wealthy are getting away with it. What does the wealth gap suggest about the need for new forms of organising by those who would resist elite power? -- .

The Statesman's Year-Book Historical Companion is a companion to The Statesman's Year-Book to celebrate 125 years of annual publication, giving histories of countries, provinces and states from the 19th century and also acting as a name-change gazetteer.

This book deals with specific problems in Colombia as a means of exploring interrelated theoretical themes in the development process. Demographic and political as well as specifically economic variables arc given consideration in the authors' analysis of the constraints on the growth of Colombia's modern sector. Originally published in 1971. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

In this reevaluation of the estate system, which has long been recognized as the central economic institution of medieval Japan, Thomas Keirstead argues that estates, or shoen, constituted more than a type of landownership. Through an examination of rent rolls, land registers, maps, and other data describing individual estates he reveals a cultural framework, one that produced and shaped meaning for residents and proprietors. Keirstead's discussion of peasant uprisings shows that the system, however, did not define a stable, closed structure, but was built upon contested terrain. Drawing on the works of Foucault, de Certeau, and Geertz, among others, this book illuminates the presuppositions about space and society that underwrote estate holding. It traces how the system reordered the social and physical landscape, establishing identity for both rulers and subjects. Estate holders, seeking to counter the fluid movement of populations across estate boundaries, pressed into service a social distinction between "peasants" and "wanderers." Peasant rebels made use of the fiction that the estate comprised a natural community in order to resist proprietorial exactions. In these instances, Keirstead contends, the estate system reveals its governing logic: social and political divisions were articulated in spatial terms; power was exercised (and contested) through geography.

Originally published in 1992.

The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These paperback editions preserve the original texts of these important books while presenting them in durable paperback editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Georges Benko "Societies are much messier than our theories of them" Michael Mann The Sources of Social Power 1 Towards a unified social theory Why are there communication problems between the different disciplines of the social sciences? And why should there be so much misunderstanding? Most probably because the encounter of several disciplines is in fact the encounter of several different histories, and therefore of several different cultures, each interpreting the other according to the code dictated by its own culture. Inevitably geographers view other disciplines through their own cultural filter, and even a benevolent view remains 'ethnocentric'. It was in order to avoid such ethnocentricity that Femand Braudel called for more unity among the social sciences in 1958 : "l wish the social sciences . . . would stop discussing their respective differences so much . . . and instead look for common ground . . . on which to reach their first agreement. Personally I would call these ways : quantification, spatial awareness and 'longue duree'". In its place at the center of the social sciences, geography reduces all social reality to its spatial dimensions. Unfortunately, as a discipline, it considers itself all too often to be in a world of its own. There is a need in France for a figure like Vidal de la Blanche who could refocus attention away from issues of time and space, towards space and social reality. Geographic research will only take a step forward once it learns to address the problems facing all the sciences.

The United States has a problem - a big problem. Due to costs associated with the massive bailout of financial institutions deemed "too big to fail," on-going armed conflicts, and a move towards socialism, another even bigger bubble is about to burst - the debt bubble. "The Great Super Cycle: Profit from the Coming Inflation Tidal Wave and Dollar Devaluation" is an intriguing look at the relationship between Washington and Wall Street; the history of political shifts in power and how those shifts influenced the global economy; and, the ways investors can profit as economies move away from U.S. dollar and debt. The book: Discusses how a socialist America will result in the U.S. economy becoming far less competitive, while causing funds to move offshoreDetails how investors can profit by investing in gold, oil, and Asian marketsExplains major cyclical movements from the mega cycle of world power to stock market cycles which last 10-20 years.

As the United States begins to deal with its massive debt bubble, "The Great Super Cycle" just might prove the most powerful tool an investor has for making money in the turbulent years to come.

This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. As recently as the early 2010s, there were more internet users in countries like France or Germany than in all of Africa put together. But much changed in that decade, and 2018 marked the first year in human history in which a majority of the world's population is now connected to the internet. This mass connectivity means that we have an internet that no longer connects only the world's wealthy. Workers from Lagos to Johannesburg to Nairobi, and everywhere in between, can now apply for and carry out jobs coming from clients who themselves can be located anywhere in the world. Digital outsourcing firms can now also set up operations in the most unlikely of places in order to tap into hitherto disconnected labour forces. With CEOs in the Global North proclaiming that location is a concern of the past, and governments and civil society in Africa promising to create millions of jobs on the continent, The Digital Continent investigates what this new world of digital work means to the lives of African workers. Anwar and Graham draw on a five-year-long field study in South Africa, Kenya, Nigeria, Ghana, and Uganda, and over 200 interviews conducted with participants including gig workers, call and contact centre workers, small self-employed freelancers, business owners, government officials, labour union officials, and industry experts. Focusing on both platform-based remote work and call and contact centre work, the book examines the job quality implications of digital work for the lives and livelihoods of African workers.

Planetary Mine suggests that the burgeoning race for resources that began at the turn of the century has come to signal two distinct, yet overlapping, epoch-making shifts: the end of the Western phase of capitalism, on the one hand, and an unfolding technological revolution on the other. Through an exploration of the integrated logistical infrastructures that connect mines in the Atacama Desert of Chile with an expanding constellation of megacities, ports, banks, and factories across East Asia, the book rethinks uneven geographical development in the current, post-globalisation context.

Updated and revised to include theoretical and other developments, bibliographical additions, new photographs and illustrations, and expanded name and subject indexes, the fourth edition of All Possible Worlds: A History of Geographical Ideas is the most complete and comprehensive book of its kind. The text also features a layout and readability that make the material easy to navigate and understand.
The book investigates the ways in which the subject of geography has been recognized, perceived, and evaluated, from its early acknowledgment in ancient Greece to its disciplined form in today's world of shared ideas and mass communication. Strong continuities knit the Classical Period to the Age of Exploration, then carry students on through Varenius to Humboldt and Ritter--revealing the emergence of "the new geography" of the Modern Period.
The history of American geography--developed in seven of the twenty chapters--is strongly emphasized pursuant to the formal origins of geography in late nineteenth-century Germany, Darwin's theory of evolution, and the Great Surveys of the American West. This treatment is enhanced by chapters concerning parallel histories of geography in Germany, France, Great Britain, Russia (including the USSR and CIS), Canada, Sweden, and Japan-countries that at first contributed to and later borrowed from the body of US geographical thought.
All Possible Worlds: A History of Geographical Ideas, Fourth Edition, is ideal for upper-level undergraduate or graduate courses in the history and philosophy of classical, medieval, and modern geographical thought.

This is a sociological analysis of change and mobility in the labor force of thirteen of the largest textile factories in Peru. The book explores demographic and social variables such as age, sex, birthplace, migration, seniority, current and former occupations, and employment status as possible indices of rationality in the Peruvian labor market. There are two especially striking empirical findings: the Peruvian textile industry has not been plagued by the high levels of labor turnover generally assumed to be inevitable in underdeveloped countries; since 1955 women are being shut out of better-paying manufacturing jobs because of welfare laws that make them more expensive to employ than men. Originally published in 1967. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

This open access book is interdisciplinary and provides cross-sectoral and multi-dimensional exploration of sustainable development and transportation in South Africa. Drawing on work from different disciplines, the book contributes not only to academia but also seeks to inform urban and regional policy with the view of contributing to the national aspirations of South Africa as espoused in the National Development Plan (NDP), 2030, National Spatial Development Framework (NSDF) Draft (2019), National Climate Change Adaptation Strategy (NCASS) Draft (2019), Green Transport Strategy for South Africa (2018-2050), and National Transportation Plan (NATMAP), 2050. Adopting a multi-dimensional assessment, the book provides a background for co-production concerning climate change, sustainable development, and transportation in the Global South. The book contributes in its analysis of the institutional and legislative framework that relates to the climate change, skills and knowledge transfer, sustainable development, and transportation in South Africa, as these are responsible for the evolution of the green economy and transport sector in the country. The connections among different sectors and issues such as environment, transport modes, technology innovation, vehicle management and emission control, skills and knowledge transfer, legislative and policy framework, and the wider objectives of the sustainable development goals (SDGs), especially goals 11 to 13. The success stories relating to climate change, sustainable development, and transportation in South Africa are identified together with the best possible practices that may inform better environmental, urban and regional planning, policy, practice, and management.

Cameroon's suboptimal economic experience since independence (1960) sheds light on broader issues of Africa's development narrative, and provides valuable economic and policy knowledge. While Cameroon's large informal economy is diverse and resilient and rooted in old business traditions, its formal economy has exhibited low productivity and employment growth for over 60 years. This has brought anger, disappointment, and violent conflict in several regions of the country. The Oxford Handbook of the Economy of Cameroon examines the reasons of Cameroon's unsatisfactory economic performance and draws lessons from successful development experience to help tackle these issues. The Handbook provides a critical assessment of the history, patterns, and strategies of economic development in Cameroon, and outlines new approaches to economic enquiry for prosperity and social change. Through Cameroon's governance story, the handbook analyzes the evolving conceptions of economic policy, takes stock of intellectual progress, documents the challenges of implementation, and outlines the intellectual and policy agenda ahead. For a developing country increases in per capita income arise from advances in technology arise from closing the knowledge and technology gap with those at the frontier. And within any country (especially one like Cameroon), there is enormous scope for productivity improvement simply by closing the gap between best practices and average practices. Standards of living can therefore be improved through the implementation of pertinent learning strategies. In this Oxford Handbook of the Economy of Cameroon, an international team of leading development economists and researchers address the wide range of issues facing Cameroon and provide guiding principles on how best the country (and other developing nations) could move human, capital, and financial resources from low- to high-productivity sectors in a constantly changing global economy.

Digital information and data flows permeate every aspect of our society. Within this context, design extensively avails itself of the technological bounty of advanced digital tools. Yet beyond these tools, the fluidity of digital information and the seemingly immaterial nature of communication dominate most discussions. Understanding the contemporary networks of information and communication as inherently geographic, Geographies of Information attempts to realign design's relationship to information and communication technologies (ICTs) by expounding on their multiscalar complexities and contextual intricacies. From the impact of digital social media on political action and the rise of predictive technologies in speculative real estate to new ways of mapping temporal conditions of a site and the evolving role of information in how designers see, understand, and act on space, ICTs exert critical influence. This issue of New Geographies examines the forms, imprints, places, and territories of ICTs through spatially grounded and nuanced accounts of the hybrid conditions that ICTs generate, the scales at which they operate, and how this production of space is manifested in both advanced and emerging economies.

Economic corridors-ambitious infrastructural development projects that newly liberalizing countries in Asia and Africa are undertaking-are dramatically redefining the shape of urbanization. Spanning multiple cities and croplands, these corridors connect metropolises via high-speed superhighways in an effort to make certain strategic regions attractive destinations for private investment. As policy makers search for decentralized and market-oriented means for the transfer of land from agrarian constituencies to infrastructural promoters and urban developers, the reallocation of property control is erupting into volatile land-based social conflicts. In Shareholder Cities, Sai Balakrishnan argues that some of India's most decisive conflicts over its urban future will unfold in the regions along the new economic corridors where electorally strong agrarian propertied classes directly encounter financially powerful incoming urban firms. Balakrishnan focuses on the first economic corridor, the Mumbai-Pune Expressway, and the construction of three new cities along it. The book derives its title from a current mode of resolving agrarian-urban conflicts in which agrarian landowners are being transformed into shareholders in the corridor cities, and the distributional implications of these new land transformations. Shifting the focus of the study of India's contemporary urbanization away from megacities to these in-between corridor regions, Balakrishnan explores the production of uneven urban development that unsettles older histories of agrarian capitalism and the emergence of agrarian propertied classes as protagonists in the making of urban real estate markets. Shareholder Cities highlights the possibilities for a democratic politics of inclusion in which agrarian-urban encounters can create opportunities for previously excluded groups to stake new claims for themselves in the corridor regions.

Metropolitan areas with a high concentration of headquarters from diverse industries stand out as influential, dynamic economies. However, there is little discussion about the characteristics of these 'headquarters economies'. Why do some regions develop vibrant headquarters economies, whereas others do not? The answer lies in understanding the essence of headquarters - the managerial talent pool that guides and governs these companies. By investigating an exemplar headquarters economy - Minneapolis-St. Paul - this volume demonstrates that the talent pool (managers), its movement among companies and industries in a region (mobility), and the nature of its inflow and outflow from a region (migration), can create a virtuous cycle that strengthens regional companies, and draws in additional talent. Comparing the migration pattern of educated, high-earning individuals across metropolitan areas in the United States, and drawing upon a proprietary survey of thousands of headquarters employees in Minneapolis-St. Paul, this book provides supportive evidence for this dynamic. A central insight of the research is that professional managerial talent is a determinant of regional vitality that has largely been overlooked. The underlying factors of managers, mobility, and migration, here identified in the context of Minneapolis-St. Paul, exist in metropolitan areas around the world, demonstrating the scope of application of the research findings, and highlighting the benefit of focusing on these underlying factors.

While sharing some characteristics with other middle-income countries, South Africa is a country with a unique economic history and distinctive economic features. It is a regional economic powerhouse that plays a significant role, not only in southern Africa and in the continent, but also as a member of BRICS. However, there has been a lack of structural transformation and weak economic growth, and South Africa faces the profound triple challenges of poverty, inequality, and unemployment. Any meaningful debate about economic policies to address these challenges needs to be informed by a deep understanding of historical developments, robust empirical evidence, and rigorous analysis of South Africa's complex economic landscape. This volume seeks to provide a wide-ranging set of original, detailed, and state-of-the-art analytical perspectives that contribute to scientific knowledge as well as to well-informed and productive discourse on the South African economy. While concentrating on the more recent economic issues facing South Africa, the handbook also provides historical and political context. It offers an in-depth examination of strategic issues in the country's key economic sectors, and brings together diverse analytical perspectives.

This A-Z guide provides a wealth of information for every country in the world. Each entry gives a brief history and outlines contemporary social, economic, political and religious issues. In addition, for each country there is a clear map and a quick-reference fact box containing data and statistics including languages, population, GDP, capital city, life expectancy, and more. The inclusion of at least one web link for every country is a new feature to this edition and web links are conveniently accessible via the Guide to Countries of the World companion website. Invaluable supplementary material includes detailed indicator tables showing income and poverty, health and population etc, and list of international organizations, such as the EU and the African Union, with essential information about these groupings. Revised and fully up to date with the latest key facts, this accessible guide is ideal for students and teachers of geography, politics, economics, world religions, and world history at all levels, as well as anyone wanting a home reference book to accompany an atlas.

A desire for intimacy in domestic spaces - motivated by a growing sense of individualistic expression, an incentive to conceal the labor or enslavement taking place, and an appetite for solace and comfort - led to interiors taking on more specific roles in the eighteenth century. By examining the architectural, visual, and material culture of eighteenth-century spaces, Intimate Interiors foregrounds the interrelated concepts of intimacy, privacy, informality, and sociability in order to show how these ideas played an increasingly integral role in the period's architectural and material design. Across eleven innovative chapters that explore issues of gender, politics, travel, exoticism, imperialism, sensorial experiences, identity, interiority, and modernity, this volume demonstrates how intimacy was a fundamental goal in the planning of private quarters. In doing so, the political nature of private spaces is uncovered, whilst highlighting the contradictions and complexities of these highly performative "private" interiors. Employing distinct methodological perspectives across various geographical sites, from Turkey to Versailles, Britain to Benin, Intimate Interiors draws as-yet untraced connections between Enlightenment Europe, imperial outposts, and major metropolitan centers across the globe.

In the past thirty years, China has transformed from an impoverished country where peasants comprised the largest portion of the populace to an economic power with an expanding middle class and more megacities than anywhere else on earth. This remarkable transformation has required, and will continue to demand, massive quantities of resources. Like every other major power in modern history, China is looking outward to find them. In By All Means Necessary, Elizabeth C. Economy and Michael Levi explore the unrivaled expansion of the Chinese economy and the global effects of its meteoric growth. China is now engaged in a far-flung quest, hunting around the world for fuel, ores, water, and land for farming, and deploying whatever it needs in the economic, political, and military spheres to secure the resources it requires. Chinese traders and investors buy commodities, with consequences for economies, people, and the environment around the world. Meanwhile the Chinese military aspires to secure sea lanes, and Chinese diplomats struggle to protect the country's interests abroad. And just as surely as China's pursuit of natural resources is changing the world-restructuring markets, pushing up commodity prices, transforming resource-rich economies through investment and trade-it is also changing China itself. As Chinese corporations increasingly venture abroad, they must navigate various political regimes, participate in international markets, and adopt foreign standards and practices, which can lead to wide-reaching social and political ramifications at home. Clear, authoritative, and provocative, By All Means Necessary is a sweeping account of where China's pursuit of raw materials may take the country in the coming years and what the consequences will be-not just for China, but for the whole world.

One of the most notable changes in the world economy during the past three decades has been the diverging trends in the growth of the developing countries. Compared to East Asian countries that have integrated well into the global economy, those of Sub-Saharan Africa have remained stagnant and have become the world's least developed area. The policies and programmes of international organizations have failed to improve the situation while the global economy becomes dominated by trans-national corporations. A review of the suitability of globalization as an economic strategy for these under-developed countries is therefore needed. Focusing on the impact of globalization and on the constraints imposed by the changes in the world's production and trade, this book examines the opportunities open to the least developed countries as they design their strategies to accelerate growth and alleviate poverty. As the world's awareness of issues concerning globalization grows, this study will provide valuable insights.

Despite the rise of global technocratic ideals of city-making, cities around the world are not merging into indistinguishable duplicates of one another. In fact, as the world urbanizes, urban formations remain diverse in their socioeconomic and spatial characteristics, with varying potential to foster economic development and social justice. In this book, Tom Goodfellow argues that these differences are primarily rooted in politics, and if we continue to view cities as economic and technological projects to be managed rather than terrains of political bargaining and contestation, the quest for better urban futures is doomed to fail. Dominant critical approaches to urban development tend to explain difference with reference to the variegated impacts of neoliberal regulatory institutions. This, however, neglects the multiple ways in which the wider politics of capital accumulation and distribution drive divergent forms of transformation in different urban places. In order to unpack the politics that shapes differential urban development, this book focuses on East Africa as the global urban frontier: the least urbanized but fastest urbanizing region in the world. Drawing on a decade of research spanning three case study countries (Ethiopia, Rwanda, and Uganda), Politics and the Urban Frontier provides the first sustained, book-length comparative analysis of urban development trajectories in Eastern Africa and the political dynamics that underpin them. Through a focus on infrastructure investment, urban propertyscapes, street-level trading economies, and urban political protest, it offers a multi-scalar, historically-grounded, and interdisciplinary analysis of the urban transformations unfolding in the world's most dynamic crucible of urban change.

Since the mid-2000s, the harsh reality of call centre employment for a generation of young workers in Portugal has been impossible to ignore. With its endless rows of small cubicles, where human agents endure repetitive telephone conversations with abusive clients under invasive modes of technological surveillance, discipline and control, call centre work remains a striking symbol of labour precarity, a condition particularly associated with the neoliberal generational disenchantment that 'each generation does better than its predecessor'. This book describes the emergence of a regime of disciplined agency in the Portuguese call centre sector. Examining the ascendancy of call centres as icons of precarity in contemporary Portugal, this book argues that call centre labour constitutes a new form of commodification of the labouring subject. De Matos argues that call centres represent an advanced system of non-manual labour power exploitation, due to the underestimation of human creativity that lies at the centre of the regimented structures of call centre labour. Call centres can only guarantee profit maintenance, de Matos argues, through the commodification of the human agency arising from the operators' moral, relational and social embedded agentive linguistic interventions of creative improvisation, decision-making, problem-solving and ethical evaluation. -- .