This is an innovative study of 300 delinquent boys in a medium security institution and after their release. This longitudinal field experiment shows how peers affect the rehabilitation of different group members, how staff use those influences to lead to prosocial change after release from the institution, and how different behavior, values, and feelings improved. This well-designed research has broad implications for use in graduate courses in sociology, criminology and penology, social and personality psychology, and group dynamics. The book is equally useful to administrators and policymakers dealing with delinquents and individuals with behavior problems.The field experiment was devised with both practical and theoretical purposes in mind, to develop corrective programs for delinquent youth and to test social science hypotheses in the context of a longitudinal experimental research design. The study presents a typology of delinquent boys that guides differential treatment, focuses on peer group and staff influences, and identifies factors in residential treatment and in the open community that facilitate prosocial reentry. The findings test hypotheses about group and staff impact on anti-social behavior within the institution and after release.

Disruptive, delinquent adolescents—is there any hope for a change in their attitude toward schools and themselves? Martin Gold and David W. Mann describe the effects of three model alternative schools on the behavioral and scholastic performance of disruptive adolescents and present a detailed look at the students' varying experiences in these programs. The reasons for positive improvements in some students and the absence of improvement in others are traced to specific features of the alternative schools' programs. With the increasing occurrences of delinquency in our schools, this study should be of concern not only to educators, but also to community planners and state personnel dealing with delinquency.

This multi-faceted analysis of institutional investment defines `fiduciary finance' institutions as the third pillar of the financial system, alongside banks and insurers. It documents the role played by investment funds and the money management industry during the recent financial crisis, and provides an unashamedly critical review of the business disciplines which can dominate investment practices. It clarifies the economic significance of the investment industry (circa $60 trillion in assets) and the features which differentiate fiduciary finance from traditional financial institutions such as banks and insurers. Martin Gold reviews the intellectual foundations of the investment discipline and synthesizes the literature into the principal `scientific paradigms'. He explores the legal frameworks (prudential investment standards) that govern mainstream portfolio management practices which, combined with the commercial imperatives of the investment industry, can create marked differences from textbook depictions of investment management. Recent events have again called into question the worth of the now ubiquitous collective investments such as pension funds and mutual funds, and the integrity of the financial markets. Given the trillions of government funds which have been committed to financial bailouts, and the volatility experienced by investors, the author asserts that a critical analysis of fiduciary finance must question whether better outcomes can be achieved. Tellingly, most fiduciary finance institutions remain outside the perimeter of macro-prudential regulations. This challenging and multidisciplinary work promises to provide a fascinating read for academics focusing on economics and finance, money and banking, as well as for investment and financial services practitioners, policymakers and market regulators.

This is an innovative study of 300 delinquent boys in a medium security institution and after their release. This longitudinal field experiment shows how peers affect the rehabilitation of different group members, how staff use those influences to lead to prosocial change after release from the institution, and how different behavior, values, and feelings improved. This well-designed research has broad implications for use in graduate courses in sociology, criminology and penology, social and personality psychology, and group dynamics. The book is equally useful to administrators and policymakers dealing with delinquents and individuals with behavior problems.The field experiment was devised with both practical and theoretical purposes in mind, to develop corrective programs for delinquent youth and to test social science hypotheses in the context of a longitudinal experimental research design. The study presents a typology of delinquent boys that guides differential treatment, focuses on peer group and staff influences, and identifies factors in residential treatment and in the open community that facilitate prosocial reentry. The findings test hypotheses about group and staff impact on anti-social behavior within the institution and after release.

Disruptive, delinquent adolescents—is there any hope for a change in their attitude toward schools and themselves? Martin Gold and David W. Mann describe the effects of three model alternative schools on the behavioral and scholastic performance of disruptive adolescents and present a detailed look at the students' varying experiences in these programs. The reasons for positive improvements in some students and the absence of improvement in others are traced to specific features of the alternative schools' programs. With the increasing occurrences of delinquency in our schools, this study should be of concern not only to educators, but also to community planners and state personnel dealing with delinquency.

This multi-faceted analysis of institutional investment defines `fiduciary finance' institutions as the third pillar of the financial system, alongside banks and insurers. It documents the role played by investment funds and the money management industry during the recent financial crisis, and provides an unashamedly critical review of the business disciplines which can dominate investment practices. It clarifies the economic significance of the investment industry (circa $60 trillion in assets) and the features which differentiate fiduciary finance from traditional financial institutions such as banks and insurers. Martin Gold reviews the intellectual foundations of the investment discipline and synthesizes the literature into the principal `scientific paradigms'. He explores the legal frameworks (prudential investment standards) that govern mainstream portfolio management practices which, combined with the commercial imperatives of the investment industry, can create marked differences from textbook depictions of investment management. Recent events have again called into question the worth of the now ubiquitous collective investments such as pension funds and mutual funds, and the integrity of the financial markets. Given the trillions of government funds which have been committed to financial bailouts, and the volatility experienced by investors, the author asserts that a critical analysis of fiduciary finance must question whether better outcomes can be achieved. Tellingly, most fiduciary finance institutions remain outside the perimeter of macro-prudential regulations. This challenging and multidisciplinary work promises to provide a fascinating read for academics focusing on economics and finance, money and banking, as well as for investment and financial services practitioners, policymakers and market regulators.