By Anne Strathie
February 1912: Harry Pennell and his Terra Nova shipmates land on Antarctica hoping to rejoice Scott's conquest of the Pole. compelled by means of ice to depart earlier than Scott returns, they come in New Zealand to discover that Amundsen reached the Pole in December 1911.
Back in Antarctica in January 1913, they examine Scott and his occasion died at the go back trip. Pennell and his fellow 'Antarctics' go back to Britain, the place a cycle of medal ceremonies and memorial prone is interrupted through the outbreak of warfare.
By 1919 Pennell and his associates have served at Antwerp, at the Western entrance, at Gallipoli, within the Channel, at Jutland and Arctic Russia. They serve on horseback, in trenches, on battleships and health facility ships, in armoured autos and flimsy airplane; their brothers-in-arms comprise a primary Minister's son, poet Rupert Brooke (who takes a photo of 1 of them) and the author of a well-known Cotswolds backyard.
As in Antarctica, lifestyles is interesting yet harmful. As at the ice, now not all Scott's 'Antarctics' live to tell the tale.
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Extra resources for From Ice Floes to Battlefields: Scott’s ‘Antarctics’ in the First World War
The difference is caused by the fact that the covariance between the outcomes of two actions usually is less than the product of the individual standard deviations. This phenomenon may be compared to the effect of the generally known 'Law of Large Numbers', wh ich rests on the assumption that the covariances involved are equal to zero. Portfolio Theory formalizes and quantifies Knight's idea that 'grouping' and 'consolidation' of instances generally results in reduction of uncertainty and risk.
126. Tinbergen (1966) and Theil (1958). Hughes Hallet and Rees (1983), Part II, esp. Chs. 11 and 12. g. Tinbergen (1987), esp. pp. 288-92. Faulhaber and Baumol (1988), p. 578. Evolutionary economics show a concern for long-term and progressive change. The economic process is seen as adynamie one by wh ich firm 12 18. 19. 20. History 0/ Decision-Making behaviour patterns and market outcomes are jointly determined over time. In this process elements from biology like search, selection and survival find their economic analogues.
Huppes 33 Referring to the central theme of this book our at least partial explanation of the paradox may be paraphrased as folIows. Productivity growth has been significantly lower than it could have been, because executives in both the private and public sec tor failed to take adequate decisions in two areas. In the first place they failed to adapt their historically grown bureaucracies to our rapidly changing world. They stuck to the management and organizational practices of the industrial past; practices that at that time - in a relatively stable environment - had undoubtedly been most successful.