000 03772cam a2200349 i 4500
001 zzv143 b1695701
003 OCoLC
005 20220308104922.0
008 200421s2020 mauab g b 001 0 eng
010 _a2020012326
020 _a1647820065
020 _a9781647820060
035 _a(OCoLC)1138679569
_z(OCoLC)1198232662
040 _aMH/DLC
_beng
_erda
_cDLC
_dOCLCO
_dOCLCF
_dIAD
_dSO$
_dJAS
_dYDX
_dEHD
_drs110320
_dMiTN
042 _apcc
043 _an-us---
050 4 _aHB501
_b.M378 2020
082 0 0 _a330.973
_223
100 1 _aMartin, Roger L.,
245 1 0 _aWhen more is not better :
_bovercoming America's obsession with economic efficiency /
_cRoger L. Martin.
264 1 _aBoston, Massachusetts :
_bHarvard Business Review Press,
_c[2020]
300 _ax, 243 pages :
_billustrations, map ;
_c25 cm.
504 _aIncludes bibliographical references and index.
505 0 _aIntroduction: A system out of balance -- Part One. Problem: The American economy as an efficient machine -- The chain of imperfection -- Towards a Pareto economy -- The American economy as a natural system -- Part Two. Solutions: Achieving balance in America's natural system -- An agenda for business executives -- An agenda for political leaders -- An agenda for educators -- An agenda for citizens -- Closing thoughts.
520 _a"American democratic capitalism is in danger. How can we save it? For its first 200 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 bicentenary 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 grown to a level never seen before. This imbalance threatens the American democratic capitalist system, which only works when the average family benefits enough to keep voting for it. 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 for which the pursuit of ever-greater efficiency is considered an inherently good thing. But it has become too much of a good thing. Our obsession with efficiency has inadvertently shifted the shape of our economic outcomes: 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). We must stop treating the economy as a perfectible machine, Martin argues, and shift toward viewing it as a complex adaptive system in which we must 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, policymakers, and educators, When More Is Not Better is the must-read guide for saving democratic capitalism"--
_cProvided by publisher.
648 7 _aSince 1945
_2fast.
650 0 _aCapitalism
_zUnited States.
650 0 _aDistribution (Economic theory)
650 0 _aIndustrial efficiency
_zUnited States.
651 0 _aUnited States
_xEconomic conditions
_y1945-
776 0 8 _iOnline version:
_aMartin, Roger L.,
_tWhen more is not better
_dBoston, MA : Harvard Business Review Press, [2020]
_z9781647820077
_w(DLC) 2020012327.
999 _c506616
_d506616