Assignment:
Paper Assignment:
Examine and fully explain Randall Wray's structural/Minskyan analysis of structured finance, financialization, shadow banks, financial fragility, fraud, bailouts, and money manager capitalism. Also analyze Shiller's concepts of speculative behavior, investor over-confidence, public attention cycles, feedbacks, natural Ponzi processes, and generally the social psychology of economic "bubbles," using several of the terms,arguments, and examples from the text. What does Wray's analysis (the frame) tell us or uncover about Shiller's (the case) concepts? Your final thesis should use Wray's concepts to extend, critique, synthesize, or clarify Shiller's concepts. You may also draw from the cases we have covered for additional evidence. It should not be compare and contrast or simply say they are the same or different. It should clearly outline why your findings are significant.
You must use the texts listed on this assignment as your primary sources for the essay.
This assignment builds on what you learned in ENG 102 utilizing the frame/case methodology. You will use one text, the frame (Wray), to analyze another text, the case (Shiller), to learn something new about Shiller and perhaps (in the best papers) about Wray. As with ENG 102, do not slip into compare and contrast papers. Instead, use Wray to diagnose and analyze Shiller, as a doctor would use an MRI to diagnose your condition or an economist would use a model to understand the financial crisis. The result is not simply a cataloguing but rather a path to understanding with the possibility of deeper understanding. Compare and contrast papers are boring and represent a lower level of analysis and your grade will reflect this. I do not want you to tell me they are the same or different unless you can clearly tell me why this is significant-even then I am skeptical.
Your thesis statement should be revised AFTER you have written your draft, so you can easily see what you have proven. What can you tell the reader that isn't obvious? You must have a problem to solve, distinct controversial idea to prove, or a unique idea that analyzes the topic. You ARE NOT comparing essays. You ARE NOT summarizing essays. Your essay must include a thesis statement that will state your position, conflict, and intent.
Your audience: another student in this class, one who knows some basic conceptual elements from the course but needs to be reminded of terminology and how it all fits together. This means an excellent strategy is to have someone else from the class read your paper!
To write a successful essay, you need to:
• define the terms that you use in each paragraph;
• include a thesis that explains what you are arguing;
• take intellectual risks and pursue a deeper understanding of the period;
• include an engaging title reflective of your argument;
• include a clearly stated thesis that explains what you are arguing and relates to both the frame and the case;
• use and explain multiple extended quotations from both the frame and the case;
• include proper (correct!) citation (either MLA and Chicago Style or permission for another);
• explain connections between the texts;
• a conclusion that reviews your thesis and how you supported it; and
• be relatively free of grammatical and syntax errors.
PARAGRAPHING FORMULA FOR MAKING CONNECTIONS (Modified) an exercise for developing excellent essays. by Barclay Barrios with Christy Jespersen
I. Type your preliminary thesis below. You will probably change it after you finish this exercise. (Your thesis should make an argument that answers the essay prompt. You will use evidence to prove your argument. A good thesis both explains what you are arguing and why it is significant. You may use more than one sentence).
*Hint: When discussing the two texts, avoid compare/contrast words such as "similar to," "different from," "in contrast," "in comparison" etc. Instead use words such as "explains," "elucidates," "shows how," "avoids," "illuminates assumptions" etc.
Take one of the connections that you made in Assignment 1 or a better connection.
Part I. TYPE directly below the numbers.
1. Write a provisional topic sentence. (Your topic sentence should explain what your paragraph will argue. You may change it, after you have written the body of the paragraph.)
2. Introduce the quotation from framing text. (Your introduction to the quotation should give the context of the quotation and explain who wrote it. A very good quotation also leads into the argument. For example: Bartholomae and Petrosky employ sexist language when they write, "...." (page number) or Bartholomae and Petrosky provide a new way of reading, when they suggest "...." (page number).
3. Quotation from framing text:
4. Explanation about what the quotation means to your argument and transition to the next quotation from the case text. (This may be one or more sentences).
5. Introduction to quotation from case text. (See #2 for how to write a good introduction to a quotation):
6. Quotation from case text:
7. Connection: How are the two quotations connected? How do they prove your point in your topic sentence? Usually you will write three or four sentences.
Part II. Make another connection with different quotations.
8. Write a provisional topic sentence. (Your topic sentence should explain what your paragraph will argue. You may change it, after you have written the body of the paragraph.)
9. Introduce the quotation from framing text. (Your introduction to the quotation should give the context of the quotation and explain who wrote it. A very good quotation also leads into the argument. For example: Bartholomae and Petrosky employ sexist language when they write, "...." (page number) or Bartholomae and Petrosky provide a new way of reading, when they suggest "...." (page number).
10. Quotation from framing text:
11. Explanation about what the quotation means to your argument and transition to the next quotation from the case text. (This may be one or more sentences).
12. Introduction to quotation from case text. (See #2 for how to write a good introduction to a quotation):
13. Quotation from case text:
14. Connection: How are the two quotations connected? How do they prove your point in your topic sentence? Usually you will write three or four sentences.
Part III. Make another connection with different quotations.
15. Write a provisional topic sentence. (Your topic sentence should explain what your paragraph will argue. You may change it, after you have written the body of the paragraph.)
16. Introduce the quotation from framing text. (Your introduction to the quotation should give the context of the quotation and explain who wrote it. A very good quotation also leads into the argument. For example: Bartholomae and Petrosky employ sexist language when they write, "...." (page number) or Bartholomae and Petrosky provide a new way of reading, when they suggest "...." (page number).
17. Quotation from framing text:
18. Explanation about what the quotation means to your argument and transition to the next quotation from the case text. (This may be one or more sentences).
19. Introduction to quotation from case text. (See #2 for how to write a good introduction to a quotation):
20. Quotation from case text:
21. Connection: How are the two quotations connected? How do they prove your point in your topic sentence? Usually you will write three or four sentences.
Part IV. Make another connection with different quotations.
22. Write a provisional topic sentence. (Your topic sentence should explain what your paragraph will argue. You may change it, after you have written the body of the paragraph.)
23. Introduce the quotation from framing text. (Your introduction to the quotation should give the context of the quotation and explain who wrote it. A very good quotation also leads into the argument. For example: Bartholomae and Petrosky employ sexist language when they write, "...." (page number) or Bartholomae and Petrosky provide a new way of reading, when they suggest "...." (page number).
24. Quotation from framing text:
25. Explanation about what the quotation means to your argument and transition to the next quotation from the case text. (This may be one or more sentences).
26. Introduction to quotation from case text. (See #2 for how to write a good introduction to a quotation):
27. Quotation from case text:
28. Connection: How are the two quotations connected? How do they prove your point in your topic sentence? Usually you will write three or four sentences.
Part V
29. Write a provisional topic sentence. (Your topic sentence should explain what your paragraph will argue. You may change it, after you have written the body of the paragraph.)
30. Introduce the quotation from framing text. (Your introduction to the quotation should give the context of the quotation and explain who wrote it. A very good quotation also leads into the argument. For example: Bartholomae and Petrosky employ sexist language when they write, "...." (page number) or Bartholomae and Petrosky provide a new way of reading, when they suggest "...." (page number).
31. Quotation from framing text:
32. Explanation about what the quotation means to your argument and transition to the next quotation from the case text. (This may be one or more sentences).
33. Introduction to quotation from case text. (See #2 for how to write a good introduction to a quotation):
34. Quotation from case text:
35. Connection: How are the two quotations connected? How do they prove your point in your topic sentence? Usually you will write three or four sentences.