Average Is Over

Powering America Beyond the Age of the Great Stagnation

Author: Tyler Cowen

Publisher: Penguin

ISBN: 0698138163

Category: Business & Economics

Page: 304

View: 6049

The groundbreaking follow-up to the New York Times bestseller The Great Stagnation The United States continues to mint more millionaires and billionaires than any country ever. Yet, since the great recession, three quarters of the jobs created here pay only marginally more than minimum wage. Why is there growth only at the top and the bottom? Renowned economist and bestselling author Tyler Cowen explains that high earners are taking ever more advantage of machine intelligence and achieving ever-better results. Meanwhile, nearly every business sector relies less and less on manual labor, and that means a steady, secure life somewhere in the middle—average—is over. In Average is Over, Cowen lays out how the new economy works and identifies what workers and entrepreneurs young and old must do to thrive in this radically new economic landscape.
Posted in Business & Economics

The Great Stagnation

How America Ate All The Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better: A Penguin eSpecial from Dutton

Author: Tyler Cowen

Publisher: Penguin

ISBN: 1101502258

Category: Business & Economics

Page: 71

View: 8526

Tyler Cowen’s controversial New York Times bestseller—the book heard round the world that ignited a firestorm of debate and redefined the nature of America’s economic malaise. America has been through the biggest financial crisis since the great Depression, unemployment numbers are frightening, media wages have been flat since the 1970s, and it is common to expect that things will get worse before they get better. Certainly, the multidecade stagnation is not yet over. How will we get out of this mess? One political party tries to increase government spending even when we have no good plan for paying for ballooning programs like Medicare and Social Security. The other party seems to think tax cuts will raise revenue and has a record of creating bigger fiscal disasters that the first. Where does this madness come from? As Cowen argues, our economy has enjoyed low-hanging fruit since the seventeenth century: free land, immigrant labor, and powerful new technologies. But during the last forty years, the low-hanging fruit started disappearing, and we started pretending it was still there. We have failed to recognize that we are at a technological plateau. The fruit trees are barer than we want to believe. That's it. That is what has gone wrong and that is why our politics is crazy. In The Great Stagnation, Cowen reveals the underlying causes of our past prosperity and how we will generate it again. This is a passionate call for a new respect of scientific innovations that benefit not only the powerful elites, but humanity as a whole.
Posted in Business & Economics

An Economist Gets Lunch

New Rules for Everyday Foodies

Author: Tyler Cowen

Publisher: Plume Books

ISBN: 0452298849

Category: Business & Economics

Page: 293

View: 2416

An influential economist challenges popular opinions about the superiority of locally grown and expensive foods, demonstrating how to eat responsibly without submitting to fashion-driven trends. By the author of the best-selling e-book, The Great Stagnation. 35,000 first printing.
Posted in Business & Economics

Made in the USA

The Rise and Retreat of American Manufacturing

Author: Vaclav Smil

Publisher: MIT Press

ISBN: 0262019388

Category: Business & Economics

Page: 263

View: 9389

An argument that America's economy needs a strong and innovative manufacturing sector and the jobs it creates.
Posted in Business & Economics

In Praise of Commercial Culture

Author: Tyler COWEN,Tyler Cowen

Publisher: Harvard University Press

ISBN: 0674029933

Category: Business & Economics

Page: 288

View: 484

This book focuses on the most controversial aspect of Lincoln's thought and politics - his attitudes and actions regarding slavery and race. Drawing attention to the limitations of Lincoln's judgment and policies without denying his magnitude, the book provides the most comprehensive and even-handed account available of Lincoln's contradictory treatment of black Americans in matters of slavery in the South and basic civil rights in the North.
Posted in Business & Economics

Entrepreneurial Economics

Bright Ideas from the Dismal Science

Author: Alexander Tabarrok

Publisher: Oxford University Press

ISBN: 0199728097

Category: Business & Economics

Page: 328

View: 5949

This intriguing collection is designed to show how economists can play a more active role in designing and directing the nation's social institutions. By taking the task of political economy seriously, the contributors (including some of today's most distinguished economists) reveal the power of economic thought to offer innovative solutions to some of the most difficult problems facing society today. By creating markets where none existed before, the authors propose efficient, reliable, and profitable improvements to current systems of health insurance, financial markets, human organ distribution, judicial practice, bankruptcy and securities regulation, patenting, and transportation. Written in the entrepreneurial spirit, these essays show economics to be an ambitious, dynamic, and far-from-dismal science.
Posted in Business & Economics

The Complacent Class

The Self-Defeating Quest for the American Dream

Author: Tyler Cowen

Publisher: N.A

ISBN: 1250108691

Category: Business & Economics

Page: 256

View: 2676

"Since Alexis de Tocqueville, restlessness has been accepted as a signature American trait. Our willingness to move, take risks, and adapt to change have produced a dynamic economy and a tradition of innovation from Ben Franklin to Steve Jobs. The problem, according to ... Tyler Cowen, is that Americans today have broken from this tradition--we're working harder than ever to avoid change ... Cowen [believes that] there are significant collateral downsides attending this comfort, among them heightened inequality and segregation and decreased incentives to innovate and create"--Amazon.com.
Posted in Business & Economics

Race Against the Machine

How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy

Author: Erik Brynjolfsson,Andrew McAfee

Publisher: Brynjolfsson and McAfee

ISBN: 0984725113

Category: Business & Economics

Page: 92

View: 7326

Examines how information technologies are affecting jobs, skills, wages, and the economy.
Posted in Business & Economics

Hard Times

Inequality, Recession, Aftermath

Author: Tom Clark,Anthony Heath

Publisher: Yale University Press

ISBN: 0300212747

Category: Business & Economics

Page: 328

View: 1805

Originally published: 2014, as Hard times: the divisive toll of the economic slump.
Posted in Business & Economics

Discover Your Inner Economist

Use Incentives to Fall in Love, Survive Your Next Meeting, and Motivate Your Den tist

Author: Tyler Cowen

Publisher: Penguin

ISBN: 1440631085

Category: Self-Help

Page: 256

View: 5164

One of America’s most respected economists presents a quirky, incisive romp through everyday life that reveals how you can turn economic reasoning to your advantage—often when you least expect it to be relevant. Like no other economist, Tyler Cowen shows how economic notions—such as incentives, signals, and markets—apply far more widely than merely to the decisions of social planners, governments, and big business. What does economic theory say about ordering from a menu? Or attracting the right mate? Or controlling people who talk too much in meetings? Or dealing with your dentist? With a wryly amusing voice, in chapters such as “How to Control the World, The Basics” and “How to Control the World, Knowing When to Stop” Cowen reveals the hidden economic patterns behind everyday situations so you can get more of what you really want. Readers will also gain less selfish insights into how to be a good partner, neighbor and even citizen of the world. For instance, what is the best way to give to charity? The chapter title “How to Save the World—More Christmas Presents Won’t Help” makes a point that is every bit as personal as it is global. Incentives are at the core of an economic approach to the world, but they don’t just come in cash. In fact, money can be a disincentive. Cowen shows why, for example, it doesn’t work to pay your kids to do the dishes. Other kinds of incentives—like making sure family members know they will be admired if they respect you—can work. Another non-monetary incentive? Try having everyone stand up in your next meeting if you don’t want anyone to drone on. Deeply felt incentives like pride in one’s work or a passing smile from a loved one, can be the most powerful of all, even while they operate alongside more mundane rewards such as money and free food. Discover Your Inner Economist is an introduction to the science of economics that shows it to be built on notions that are already within all of us. While the implications of those ideas lead to Cowen’s often counterintuitive advice, their wisdom is presented in ordinary examples taken from home life, work life, and even vacation life… How do you get a good guide in a Moroccan bazaar?
Posted in Self-Help

The Age of Stagnation

Why Perpetual Growth is Unattainable and the Global Economy is in Peril

Author: Satyajit Das

Publisher: Prometheus Books

ISBN: 163388158X

Category: Business & Economics

Page: 337

View: 8875

"Originally published as A banquet of consequences by Penguin Random House Australia in August 2015"--Title page verso.
Posted in Business & Economics

Temptation

Finding Self-Control in an Age of Excess

Author: Daniel Akst

Publisher: Penguin

ISBN: 1101559306

Category: Self-Help

Page: 320

View: 3093

" This elegantly written and useful book . . . describes how, for millennia, human beings have struggled to rein in desire." -USA Today At a time when the fallout from reckless spending and unrestrained consumption is fueling a national malaise, Daniel Akst delivers a witty and comprehensive investigation of the central problem of our time: how to save ourselves from what we want. Temptation reminds us that while more calories, sex, and intoxicants are readily available than ever before, crucial social constraints have eroded, creating a world that sorely tests the limits of human willpower. Referencing history, literature, psychology, philosophy, and economics, Akst draws a vivid picture of the many-sided problem of desire-and delivers a blueprint for how we can steer shrewdly away from a campaign of self-destruction.
Posted in Self-Help

The Rise and Fall of American Growth

The U.S. Standard of Living since the Civil War

Author: Robert J. Gordon

Publisher: Princeton University Press

ISBN: 1400888956

Category: Business & Economics

Page: 784

View: 5992

In the century after the Civil War, an economic revolution improved the American standard of living in ways previously unimaginable. Electric lighting, indoor plumbing, motor vehicles, air travel, and television transformed households and workplaces. But has that era of unprecedented growth come to an end? Weaving together a vivid narrative, historical anecdotes, and economic analysis, The Rise and Fall of American Growth challenges the view that economic growth will continue unabated, and demonstrates that the life-altering scale of innovations between 1870 and 1970 cannot be repeated. Robert Gordon contends that the nation's productivity growth will be further held back by the headwinds of rising inequality, stagnating education, an aging population, and the rising debt of college students and the federal government, and that we must find new solutions. A critical voice in the most pressing debates of our time, The Rise and Fall of American Growth is at once a tribute to a century of radical change and a harbinger of tougher times to come.
Posted in Business & Economics

Judge and Jury

American Tort Law on Trial

Author: Eric Helland,Alexander Tabarrok

Publisher: Independent Inst

ISBN: 9780945999997

Category: Law

Page: 169

View: 3883

Is the U.S. tort system in crisis? CBS television's 60 Minutes has said the tort system metes out "jackpot justice," and Newsweek has called America a "Lawsuit Hell." Other observers of the legal system, however, argue that the tort crisis is a myth. Although both sides of the debate rely primarily on anecdote and the selective use of evidence, a sound diagnosis of the tort system requires a rigorous analysis of hard data, not a retelling of sensationalistic sound bites. In Judge and Jury: American Tort Law on Trial, economists Eric Helland and Alexander Tabarrok present their study of tens of thousands of tort cases from across the United States. The result is the most complete picture of the U.S. system of civil justice to date. Examining three of the key players of the tort system (juries, judges, and lawyers), Helland and Tabarrok conclude that the tort system is badly broken in some respects but functions surprisingly well in others.
Posted in Law

Learning by Doing

The Real Connection Between Innovation, Wages, and Wealth

Author: James Bessen

Publisher: Yale University Press

ISBN: 0300195664

Category: Business & Economics

Page: 312

View: 9480

Today's great paradox is that we feel the impact of technology everywhere--in our cars, our phones, the supermarket, the doctor's office--but not in our paychecks. In the past, technological advancements dramatically increased wages, but for three decades now, the median wage has remained stagnant. Machines have taken over much of the work of humans, destroying old jobs while increasing profits for business owners. The threat of ever-widening economic inequality looms, but in Learning by Doing, James Bessen argues that increased inequality is not inevitable. Workers can benefit by acquiring the knowledge and skills necessary to implement rapidly evolving technologies; unfortunately, this can take years, even decades. Technical knowledge is mostly unstandardized and difficult to acquire, learned through job experience rather than in the classroom. As Bessen explains, the right policies are necessary to provide strong incentives for learning on the job. Politically influential interests have moved policy in the wrong direction recently. Based on economic history as well as analysis of today's labor markets, his book shows a way to restore broadly shared prosperity.
Posted in Business & Economics

The Moral Consequences of Economic Growth

Author: Benjamin M. Friedman

Publisher: Vintage

ISBN: 0307773450

Category: Business & Economics

Page: 592

View: 7633

From the author of Day of Reckoning, the acclaimed critique of Ronald Reagan’s economic policy (“Every citizen should read it,” said The New York Times): a persuasive, wide-ranging argument that economic growth provides far more than material benefits. In clear-cut prose, Benjamin M. Friedman examines the political and social histories of the large Western democracies–particularly of the United States since the Civil War–to demonstrate the fact that incomes on the rise lead to more open and democratic societies. He explains that growth, rather than simply a high standard of living, is key to effecting political and social liberalization in the third world, and shows that even the wealthiest of nations puts its democratic values at risk when income levels stand still. Merely being rich is no protection against a turn toward rigidity and intolerance when a country’s citizens lose the sense that they are getting ahead. With concrete policy suggestions for pursuing growth at home and promoting worldwide economic expansion, this volume is a major contribution to the ongoing debate about the effects of economic growth and globalization. From the Trade Paperback edition.
Posted in Business & Economics

The Second Machine Age

Work, Progress, and Prosperity in a Time of Brilliant Technologies

Author: Erik Brynjolfsson,Andrew McAfee

Publisher: W W Norton & Company Incorporated

ISBN: 9780393350647

Category: Business & Economics

Page: 306

View: 7156

A pair of technology experts describe how humans will have to keep pace with machines in order to become prosperous in the future and identify strategies and policies for business and individuals to use to combine digital processing power with human ingenuity.
Posted in Business & Economics

The Nature of Economies

Author: Jane Jacobs

Publisher: Vintage Canada

ISBN: 0307367088

Category: Business & Economics

Page: 208

View: 4625

Jane Jacobs has spent years changing the way we think about economic life in general. Now, in The Nature of Economies, Jacobs proposes a radical notion that has breath-taking common sense: economies are governed by the same rules as nature itself. With the simplicity of an extremely wise and seasoned thinker, Jane Jacobs shows us that by looking to nature, we can develop economies that are both efficient and ecologically friendly. The Nature of Economies is written in dialogue form: five intelligent friends discussing over coffee how economies work. The result is a wonderfully provocative, truly ground-breaking work by one of the great thinkers of our time. From the Trade Paperback edition.
Posted in Business & Economics