The economic crisis affects the world. In Uganda we've noticed prices rising and a leap in the exchange rate. This book is very relevant regardless of where you live.Managed by the Markets: How Finance Has Re-Shaped America
by Gerald F. Davis
(hardback available May 15, 2009)
available for pre-order on Amazon for $19.97
http://tinyurl.com/d469ms
Editorial reviews:The meltdown of American financial markets has been catastrophic but the cause elusive. In Managed by the Markets, Gerald Davis offers a compelling explanation for it and so much more. To understand the disintegration of big corporations, securitization of just about everything, and transformation of our zeitgeist from producing products to making money, this is the book, a gripping portrait of the triumph of financial markets over all else."--Michael Useem, Professor of Management and Director of the Leadership Center at the Wharton School, University of Pennsylvania
"In this intellectual tour de force, Jerry Davis describes the evolution of the American economy to where we are now-where everything is a security or an option and, therefore, tradable in some sort of market. He also details the profound costs we have paid for this evolution. Timely, engaging, and filled with facts and analysis, Managed by the Markets explains how we got to where we are and maybe, just maybe, where we need to go next."--Jeffrey Pfeffer, Professor of Organizational Behavior at Stanford University and author of What Were They Thinking? Unconventional Wisdom About Management
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1 comment:
Here’s a thumbnail of what it takes, in my view, for a society to be prosperous:
1) An inventive / innovative class; people have to want to invent things and processes;
2) Cross-culturalization, where multiple inventors get together and compare their inventions, and newer \ better inventions are created;
3) Seaports or trade route intersections;
4) Business flowing from invention / innovation;
5) Decent Jobs flowing from business, so people can take care of their families with pride;
6) A reasonably decent life flowing from more people having jobs; and
7) Education encouraging the repeat of the process
Either some force in society sets this in motion, governs the process, and maintains it, or it does not. If you leave it to chance, you might be on top for a while but you will be on top indefinitely. But that is a cost of freedom, when you do not direct people what to do with their lives.
My suspicion is that China will be the next world power because they tell more people what to do, and they are more controlling. More free? Of course not. But more planning, organization, consistency, and coordination take place under their model. We in the U.S. use the “herding cats” model, and there are benefits and costs associated with it.
We’ve needed more inventors for years, and few in our country have paid attention to that issue.
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