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This new volume of the SAGE Social Thinkers series provides a concise introduction to the work, life, and influences of Émile Durkheim, one of the informal "holy trinity" of sociology's founding thinkers, along with Weber and Marx. The author shows that Durkheim's perspective is arguably the most properly sociological of the three. He thought through the nature of society, culture, and the complex relationship of the individual to the collective in a manner more concentrated and thorough than any of his contemporaries during the period when sociology was emerging as a discipline

Seit der Liberalisierung der Energiewirtschaft und der Möglichkeit Strom börslich zu handeln, ist auch der organisierte Stromhandel durch typischerweise im Börsenhandel auftretende Missbrauchsstrategien, wie Insiderhandel und Marktmanipulationen, gefährdet. In diesem Werk wird untersucht, inwiefern sich die existierenden marktmissbrauchsrechtlichen Regelungen eignen, die Integrität des börslichen Stromspothandels zu stärken. Es werden hierzu Anwendbarkeit und Regelungsgehalt entsprechender Normen des nationalen WpHG und der europäischen REMIT-VO dogmatisch begutachtet. Dabei gelangt der Autor zu dem Ergebnis, dass beide Regelungswerke auf der für den Finanzmarkthandel konzipierten Marktmissbrauchsrichtlinie basieren und aus diesem Grund nicht recht geeignet sind, den Stromspothandel effektiv vor spezifischen Missbrauchsstrategien, wie der Kapazitätszurückhaltung, zu schützen

Abstract
Kant and Fichte developed the concept of a worldview as a way of reflecting on experience as a whole. But what does it mean to form a worldview? And what role did it play in the German Idealist tradition? This paper seeks to answer these questions through a detailed analysis of the form of a philosophical worldview and its historical portent, both of which remain unexplored in the literature. The dearth of attention is partially to blame on Kant's desultory development of it, as well as its place in Fichte's understudied lectures on religion. In this paper, I first reconstruct Kant's conception as the starting point and then trace it to Fichte who went on to evolve it further. Fichte endorses the basic conceptual shape pioneered by Kant, namely, a reflective process of positing an idea and then checking the coherence of necessary judgments relative to it. However, Fichte came to realize that its philosophical function needed expanding. Beyond recognizing the possibility for alternative worldviews, Fichte further fleshed out how worldview creation could lead to human flourishing. The common feature between both thinkers is that the formation of a worldview aims to turn philosophy into a life-orienting exercise.

PurposeReal estate is the last major asset class without liquid derivatives markets. The reasons for that are not fully known or understood. Therefore, the purpose of this paper is to better understand the main factors that influence the propensity of commercial real estate investors in the UK to employ property derivatives.Design/methodology/approachThe research methodology that was chosen for this research is grounded theory which, in its original form, goes back to Glaser and Strauss (1967). A total of 43 interviews were conducted with 46 real estate professionals in the UK from property investment management firms (investing directly or indirectly in real estate), multi-asset management firms, real estate investment trusts, banks, and brokerage and advisory firms, among others.FindingsThe research results show 29 factors that influence the propensity of direct and indirect real estate investors in the UK to employ property derivatives. Out of the 29 factors, the current research identified 12 factors with high-explanatory power, 6 with a contributing role and 11 with low explanatory power. Moreover, factors previously discussed in the literature are tested and assessed as to their explanatory power. The focus of this paper is on those factors with high-explanatory power. From the research data, three main reasons have been identified as the sources of investor reluctance to trade in property derivatives. The first and main reason is related to a mismatch between motivations of property investment managers and what can be achieved with the instruments. The second reason, which ties in with the first one, is a general misunderstanding as to the right pricing technique of property derivatives. Finally, the third reason is a general lack of hedging demand from the investor base owing to the long investment horizons through market cycles.Research limitations/implicationsThe research contributes to the literature on property derivatives in various ways. First, it extends the literature on market hurdles in property derivatives markets by testing and extending the hurdles that were proposed previously. Second, the research shows that the existing pricing models need to be extended in order to account for the risk perception of practitioners and their concerns with regard to liquidity levels.Practical implicationsFor both theory and practice, the research has shown some limitations in using property derivatives for purposes such as creating index exposure or hedging. Another contribution, in this case to practice, is that this study provides a clearer picture as to the reasons that keep property investment managers away from using property derivatives.Originality/valueThe research results indicate that liquidityper seis not a universal remedy for the problems in the market. In addition to the need for improving the understanding of the pricing mechanism, practitioners should give more thought to the notion of real estate market risk and the commensurate returns that can reasonably be expected when they take or reduce it. This implies that property index futures currently do not price like those on any other investable asset class.