When More Is Not Better

When More Is Not Better
Author :
Publisher : Harvard Business Press
Total Pages : 219
Release :
ISBN-10 : 9781647820077
ISBN-13 : 1647820073
Rating : 4/5 (073 Downloads)

Book Synopsis When More Is Not Better by : Roger L. Martin

Download or read book When More Is Not Better written by Roger L. Martin and published by Harvard Business Press. This book was released on 2020-09-29 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: American democratic capitalism is in danger. How can we save it? For its first two hundred years, the American economy exhibited truly impressive performance. The combination of democratically elected governments and a capitalist system worked, with ever-increasing levels of efficiency spurred by division of labor, international trade, and scientific management of companies. By the nation's bicentennial celebration in 1976, the American economy was the envy of the world. But since then, outcomes have changed dramatically. Growth in the economic prosperity of the average American family has slowed to a crawl, while the wealth of the richest Americans has skyrocketed. This imbalance threatens the American democratic capitalist system and our way of life. In this bracing yet constructive book, world-renowned business thinker Roger Martin starkly outlines the fundamental problem: We have treated the economy as a machine, pursuing ever-greater efficiency as an inherent good. But efficiency has become too much of a good thing. Our obsession with it has inadvertently shifted the shape of our economy, from a large middle class and smaller numbers of rich and poor (think of a bell-shaped curve) to a greater share of benefits accruing to a thin tail of already-rich Americans (a Pareto distribution). With lucid analysis and engaging anecdotes, Martin argues that we must stop treating the economy as a perfectible machine and shift toward viewing it as a complex adaptive system in which we seek a fundamental balance of efficiency with resilience. To achieve this, we need to keep in mind the whole while working on the component parts; pursue improvement, not perfection; and relentlessly tweak instead of attempting to find permanent solutions. Filled with keen economic insight and advice for citizens, executives, policy makers, and educators, When More Is Not Better is the must-read guide for saving democratic capitalism.


When More Is Not Better Related Books

Theory for Economic Efficiency
Language: en
Pages: 243
Authors: Harry I. Greenfield
Categories: Business & Economics
Type: BOOK - Published: 1979 - Publisher: MIT Press (MA)

GET EBOOK

Paul Samuelson once noted that "Abba Lerner has been a great theoretical economist in a vintage epoch for theorists. This last third of a century he has poured
When More Is Not Better
Language: en
Pages: 219
Authors: Roger L. Martin
Categories: Business & Economics
Type: BOOK - Published: 2020-09-29 - Publisher: Harvard Business Press

GET EBOOK

American democratic capitalism is in danger. How can we save it? For its first two hundred years, the American economy exhibited truly impressive performance. T
The Moral Conditions of Economic Efficiency
Language: en
Pages: 160
Authors: Walter J. Schultz
Categories: Law
Type: BOOK - Published: 2008-01-03 - Publisher: Cambridge University Press

GET EBOOK

Walter J. Schultz illustrates the deficiencies of theories that purport to show that markets alone can provide the basis for efficiency. He argues that markets
Efficiency Instead of Justice?
Language: en
Pages: 222
Authors: Klaus Mathis
Categories: Law
Type: BOOK - Published: 2009-03-18 - Publisher: Springer Science & Business Media

GET EBOOK

Economic analysis of law is an interesting and challenging attempt to employ the concepts and reasoning methods of modern economic theory so as to gain a deeper
Beyond the Market
Language: en
Pages: 377
Authors: Jens Beckert
Categories: Social Science
Type: BOOK - Published: 2009-01-10 - Publisher: Princeton University Press

GET EBOOK

Beyond the Market launches a sociological investigation into economic efficiency. Prevailing economic theory, which explains efficiency using formalized rationa