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Author: Edmund S. Phelps Publisher: Princeton University Press ISBN: 1400848296 Category : Business & Economics Languages : en Pages : 392
Book Description
In this book, Nobel Prize-winning economist Edmund Phelps draws on a lifetime of thinking to make a sweeping new argument about what makes nations prosper--and why the sources of that prosperity are under threat today. Why did prosperity explode in some nations between the 1820s and 1960s, creating not just unprecedented material wealth but "flourishing"--meaningful work, self-expression, and personal growth for more people than ever before? Phelps makes the case that the wellspring of this flourishing was modern values such as the desire to create, explore, and meet challenges. These values fueled the grassroots dynamism that was necessary for widespread, indigenous innovation. Most innovation wasn't driven by a few isolated visionaries like Henry Ford and Steve Jobs; rather, it was driven by millions of people empowered to think of, develop, and market innumerable new products and processes, and improvements to existing ones. Mass flourishing--a combination of material well-being and the "good life" in a broader sense--was created by this mass innovation. Yet indigenous innovation and flourishing weakened decades ago. In America, evidence indicates that innovation and job satisfaction have decreased since the late 1960s, while postwar Europe has never recaptured its former dynamism. The reason, Phelps argues, is that the modern values underlying the modern economy are under threat by a resurgence of traditional, corporatist values that put the community and state over the individual. The ultimate fate of modern values is now the most pressing question for the West: will Western nations recommit themselves to modernity, grassroots dynamism, indigenous innovation, and widespread personal fulfillment, or will we go on with a narrowed innovation that limits flourishing to a few? A book of immense practical and intellectual importance, Mass Flourishing is essential reading for anyone who cares about the sources of prosperity and the future of the West.
Author: Edmund S. Phelps Publisher: Princeton University Press ISBN: 1400848296 Category : Business & Economics Languages : en Pages : 392
Book Description
In this book, Nobel Prize-winning economist Edmund Phelps draws on a lifetime of thinking to make a sweeping new argument about what makes nations prosper--and why the sources of that prosperity are under threat today. Why did prosperity explode in some nations between the 1820s and 1960s, creating not just unprecedented material wealth but "flourishing"--meaningful work, self-expression, and personal growth for more people than ever before? Phelps makes the case that the wellspring of this flourishing was modern values such as the desire to create, explore, and meet challenges. These values fueled the grassroots dynamism that was necessary for widespread, indigenous innovation. Most innovation wasn't driven by a few isolated visionaries like Henry Ford and Steve Jobs; rather, it was driven by millions of people empowered to think of, develop, and market innumerable new products and processes, and improvements to existing ones. Mass flourishing--a combination of material well-being and the "good life" in a broader sense--was created by this mass innovation. Yet indigenous innovation and flourishing weakened decades ago. In America, evidence indicates that innovation and job satisfaction have decreased since the late 1960s, while postwar Europe has never recaptured its former dynamism. The reason, Phelps argues, is that the modern values underlying the modern economy are under threat by a resurgence of traditional, corporatist values that put the community and state over the individual. The ultimate fate of modern values is now the most pressing question for the West: will Western nations recommit themselves to modernity, grassroots dynamism, indigenous innovation, and widespread personal fulfillment, or will we go on with a narrowed innovation that limits flourishing to a few? A book of immense practical and intellectual importance, Mass Flourishing is essential reading for anyone who cares about the sources of prosperity and the future of the West.
Author: Edmund S. Phelps Publisher: Harvard University Press ISBN: 0674244699 Category : Business & Economics Languages : en Pages : 257
Book Description
Nobel Laureate Edmund Phelps and an international group of economists argue that economic health depends on the widespread presence of certain values, in particular individualism and self-expression. Nobel Laureate Edmund Phelps has long argued that the high level of innovation in the lead nations of the West was never a result of scientific discoveries plus entrepreneurship, as Schumpeter thought. Rather, modern values—particularly the individualism, vitalism, and self-expression prevailing among the people—fueled the dynamism needed for widespread, indigenous innovation. Yet finding links between nations’ values and their dynamism was a daunting task. Now, in Dynamism, Phelps and a trio of coauthors take it on. Phelps, Raicho Bojilov, Hian Teck Hoon, and Gylfi Zoega find evidence that differences in nations’ values matter—and quite a lot. It is no accident that the most innovative countries in the West were rich in values fueling dynamism. Nor is it an accident that economic dynamism in the United States, Britain, and France has suffered as state-centered and communitarian values have moved to the fore. The authors lay out their argument in three parts. In the first two, they extract from productivity data time series on indigenous innovation, then test the thesis on the link between values and innovation to find which values are positively and which are negatively linked. In the third part, they consider the effects of robots on innovation and wages, arguing that, even though many workers may be replaced rather than helped by robots, the long-term effects may be better than we have feared. Itself a significant display of creativity and innovation, Dynamism will stand as a key statement of the cultural preconditions for a healthy society and rewarding work.
Author: David Charles Rose Publisher: Oxford University Press, USA ISBN: 0199330727 Category : Business & Economics Languages : en Pages : 217
Book Description
Introduction -- The cultural commons -- Culture as moral beliefs -- Culture as instrument -- The rise of flourishing societies -- The free market democracy dilemma -- The fall of flourishing societies -- Family, religion, government, and civilization -- Conclusion
Author: John Danaher Publisher: Harvard University Press ISBN: 0674984242 Category : Philosophy Languages : en Pages : 337
Book Description
Automating technologies threaten to usher in a workless future, but John Danaher argues that this can be a good thing. A world without work may be a kind of utopia, free of the misery of the job and full of opportunities for creativity and exploration. If we play our cards right, automation could be the path to idealized forms of human flourishing.
Author: Edmund S Phelps Publisher: Harvard University Press ISBN: 9780674042117 Category : Business & Economics Languages : en Pages : 230
Book Description
Since the 1970s a gulf has opened between the pay of low-paid workers and the pay of the middle class. No longer able to earn a decent wage in respectable work, many have left the labor force, and the job attachment of those remaining has weakened. For Edmund Phelps, this is a failure of political economy whose widespread effects are undermining the free-enterprise system. His solution is a graduated schedule of tax subsidies to enterprises for every low-wage worker they employ. As firms hire more of these workers, the labor market would tighten, driving up their pay levels as well as their employment.
Author: Glenn Hubbard Publisher: Yale University Press ISBN: 0300259085 Category : Capitalism Languages : en Pages : 249
Book Description
An informed argument for an economic policy based on bridges of preparation and adaptation rather than walls of protection and exclusion "When technological change and globalization in recent decades brought frustration over the resulting losses to jobs and communities, there were no guardrails to get these workers back on track. As this compelling book shows, our nation is going to need bridges to help people get through the unavoidable transformations."--Edmund Phelps, 2006 Nobel Laureate in Economics and author of Mass Flourishing Free-market economists often have noted that there are winners and losers in a competitive capitalist world. The question of how to deal with the difficult real-life consequences faced by the losers, however, has largely been ignored. Populist politicians have tried repeatedly to address the issue by creating walls--of both the physical and economic kinds--to insulate communities and keep competition at bay. While recognizing the broad emotional appeal of walls, economist Glenn Hubbard argues that because they delay needed adaptations to the ever-changing world, walls are essentially backward-looking and ultimately destined to fail. Taking Adam Smith's logic to Youngstown, Ohio, as a case study in economic disruption, Hubbard promotes the benefits of an open economy and creating bridges to support people in turbulent times so that they remain engaged and prepared to participate in, and reap the rewards of, a new economic landscape.
Author: Sabre Cherkowski Publisher: Rowman & Littlefield ISBN: 1498579434 Category : Education Languages : en Pages : 455
Book Description
This book provides perspectives and insights across the educational system for how we might move toward living out this wish in all schools. The chapters provide perspectives on fundamental questions that have been guiding recent research on wellbeing in schools: How do school communities flourish together? How does supporting educator wellbeing connect to teaching, learning, leading in schools? What characteristics, qualities and strategies support the wellbeing of the whole school community? This book is unique in that it answers these questions from the perspectives of teachers, students, administrators in K-12 schools, as well as from university and the wider community. Importantly, these chapters provide a repertoire of varied answers to the question that underpins this shift in research toward a positive organizational perspective: How can we leverage what works well to grow more, to instill in each community member a sense of their value and capacity to contribute? These chapters serve as examples, invitations, and inspiration for readers to notice in their own contexts ways they can grow wellbeing through a focused attention on building appreciative, strengths-based, positive approaches to teaching, learning, and leading in all schools.
Author: Edward Glaeser Publisher: Penguin ISBN: 0593297687 Category : Social Science Languages : en Pages : 481
Book Description
One of our great urbanists and one of our great public health experts join forces to reckon with how cities are changing in the face of existential threats the pandemic has only accelerated Cities can make us sick. They always have—diseases spread more easily when more people are close to one another. And disease is hardly the only ill that accompanies urban density. Cities have been demonized as breeding grounds for vice and crime from Sodom and Gomorrah on. But cities have flourished nonetheless because they are humanity’s greatest invention, indispensable engines for creativity, innovation, wealth, and connection, the loom on which the fabric of civilization is woven. But cities now stand at a crossroads. During the global COVID crisis, cities grew silent as people worked from home—if they could work at all. The normal forms of socializing ground to a halt. How permanent are these changes? Advances in digital technology mean that many people can opt out of city life as never before. Will they? Are we on the brink of a post-urban world? City life will survive but individual cities face terrible risks, argue Edward Glaeser and David Cutler, and a wave of urban failure would be absolutely disastrous. In terms of intimacy and inspiration, nothing can replace what cities offer. Great cities have always demanded great management, and our current crisis has exposed fearful gaps in our capacity for good governance. It is possible to drive a city into the ground, pandemic or not. Glaeser and Cutler examine the evolution that is already happening, and describe the possible futures that lie before us: What will distinguish the cities that will flourish from the ones that won’t? In America, they argue, deep inequities in health care and education are a particular blight on the future of our cities; solving them will be the difference between our collective good health and a downward spiral to a much darker place.
Author: Edmund S. Phelps Publisher: Clarendon Press ISBN: 0191521280 Category : Business & Economics Languages : en Pages : 124
Book Description
This book offers an excellent survey of various macroeconomic topics which feature prominently in the research agenda and have inspired both theoretical and policy debate. The book presents an authoritative and comprehensive summary and original critique of modern macroeconomic approaches by a scholar whose own contribution to the field is considerable. In each of his seven chapters, the author reviews one school of economic thought. These are: the Keynesian school of macroeconomics; the monetarist school; the New Classical school; the New-Keynesian school; supply side macroeconomics, and `non-monetary' models of macroeconomics - the real business cycle theory and the `structuralist school' which views changes in unemployment as the outcome of shifts in the structural characteristics of the economy. The book is the text of the first series of Ryde Lectures, established by Lund University in Sweden.
Author: Howard Glasser Publisher: Nurtured Heart Publications ISBN: 9780967050782 Category : Family & Relationships Languages : en Pages : 0
Book Description
The Nurtured Heart Approach was originally designed to help families help their difficult children better adapt to school and family life. During years of using this approach with these children, however, I discovered that it works beautifully to foster inner strength, higher achievement, happiness, security and exemplary conduct in every child. It is not just another positive approach to parenting designed to improve behavior. Rather, it's an approach to greatness, a method of recognizing and appreciating the gifts each child possesses. Parents who had been desperate to find something that worked and adopted the Nurtured Heart Approach with their difficult child typically also used the approach with their other children, because it is just easier that way. They would then report similar, extraordinary results: they described their other children as flourishing beyond anything they had ever seen or experienced before. This approach gives parents enormous power to help every child navigate an ever more complex world with confidence and an inner compass of greatness. Children now more than ever need a real inheritance, not monetary wealth, but inner wealth. We can no longer just occasionally urge our children to feel self-worth, to make better choices and to have a better attitude. A more proactive approach is needed. We have to give them irrefutable evidence, in real time, that they are successful ... right here and right now!
Author: Edmund S. Phelps
Author: Edmund S. Phelps
Author: Edmund S. Phelps
Author: David Charles Rose
Author: John Danaher
Author: Edmund S Phelps
Author: Glenn Hubbard
Author: Sabre Cherkowski
Author: Edward Glaeser
Author: Edmund S. Phelps
Author: Howard Glasser