If we overthrow the “small is beautiful” ideology, we will be able to recognize large firms as the engines of progress and prosperity that they are. Pointing to the advantages of scale for job creation, productivity, and virtually all other economic benefits, innovation, Atkinson and Lind argue for a “size neutral” policy approach both in the United States and around the world that would encourage growth rather than enshrine an anachronism.
The idea that self-employed citizens are the foundation of democracy is a relic of Jeffersonian dreams of an agrarian society. American democracy does not depend on the existence of brave bands of self-employed citizens. And governments, motivated by a confused mix of populist and free market ideology, in fact go out of their way to promote small business.
Rather, atkinson and lind argue, small businesses are not the font of jobs, because most small businesses fail. Small business is not responsible for most of the country's job creation and innovation. Small businesses are not systematically discriminated against by government policy makers. Every modern president has sung the praises of small business, according to Atkinson and Lind, and every modern president, has been wrong.
The only kind of small firm that contributes to technological innovation is the technological start-up, and its success depends on scaling up. Why small business is not the basis of American prosperity, not the foundation of American democracy, and not the champion of job creation.
The Myth of Capitalism: Monopolies and the Death of Competition
The myth of capitalism tells the story of how America has gone from an open, competitive marketplace to an economy where a few very powerful companies dominate key industries that affect our daily lives. We have the illusion of choice, medical care, mortgage title insurance, we have only one or two companies, health insurance, Internet searches, but for most critical decisions, when it comes to high speed Internet, social networks, or even consumer goods like toothpaste.
Every day, the average American transfers a little of their pay check to monopolists and oligopolists. Amazon is capturing almost all online shopping dollars. It tackles the big questions of: why is the us becoming a more unequal society, why is economic growth anemic despite trillions of dollars of federal debt and money printing, why the number of start-ups has declined, and why are workers losing out.
The myth of capitalism is the story of industrial concentration, but it matters to everyone, because the stakes could not be higher. Digital monopolies like Google, Facebook and Amazon act as gatekeepers to the digital world. The solution is vigorous anti-trust enforcement to return America to a period where competition created higher economic growth, more jobs, higher wages and a level playing field for all.
The Curse of Bigness: Antitrust in the New Gilded Age
History suggests that tolerance of inequality and failing to control excessive corporate power may prompt the rise of populism, extremist politicians, nationalism, and fascist regimes. But concern over what louis brandeis called the "curse of bigness" can no longer remain the province of specialist lawyers and economists, for it has spilled over into policy and politics, even threatening democracy itself.
In short, as wu warns, we are in grave danger of repeating the signature errors of the twentieth century. In the curse of bigness, columbia professor tim wu tells of how figures like Brandeis and Theodore Roosevelt first confronted the democratic threats posed by the great trusts of the Gilded Age--but the lessons of the Progressive Era were forgotten in the last 40 years.
. Persuasive and brilliantly written, the book is especially timely given the rise of trillion-dollar tech companies. Publishers weeklyfrom the man who coined the term "net neutrality, " author of The Master Switch and The Attention Merchants, comes a warning about the dangers of excessive corporate and industrial concentration for our economic and political future.
We live in an age of extreme corporate concentration, big pharma, in which global industries are controlled by just a few giant firms -- big banks, and big tech, just to name a few. He calls for recovering the lost tenets of the trustbusting age as part of a broader revival of American progressive ideas as we confront the fallout of persistent and extreme economic inequality.
The Third Pillar: How Markets and the State Leave the Community Behind
Eventually, a new equilibrium is reached, but it can be ugly and messy, especially if done wrong. Rajan is not a doctrinaire conservative, so his ultimate argument that decision-making has to be devolved to the grass roots or our democracy will continue to wither, is sure to be provocative. That's not just myopic, Rajan argues; it's dangerous.
As he shows, throughout history, technological phase shifts have ripped the market out of those old webs and led to violent backlashes, and to what we now call populism. All economics is actually socioeconomics - all markets are embedded in a web of human relations, values and norms. As markets scale up, the state scales up with it, concentrating economic and political power in flourishing central hubs and leaving the periphery to decompose, figuratively and even literally.
A fareed zakaria gps book of the weekfrom one of the most important economic thinkers of our time, a brilliant and far-seeing analysis of the current populist backlash against globalization. Raghuram rajan, former imf chief economist, head of india's central bank, distinguished University of Chicago professor, and author of the 2010 FT-Goldman-Sachs Book of the Year Fault Lines, has an unparalleled vantage point onto the social and economic consequences of globalization and their ultimate effect on our politics.
Instead, rajan offers a way to rethink the relationship between the market and civil society and argues for a return to strengthening and empowering local communities as an antidote to growing despair and unrest. Economists all too often understand their field as the relationship between markets and the state, and they leave squishy social issues for other people.
In the third pillar he offers up a magnificent big-picture framework for understanding how these three forces--the state, and our communities--interact, why things begin to break down, markets, and how we can find our way back to a more secure and stable plane.
Big Business: A Love Letter to an American Anti-Hero
In big business, cowen puts forth an impassioned defense of corporations and their essential role in a balanced, productive, and progressive society. But are big companies inherently evil? if business is so bad, why does it remain so integral to the basic functioning of America? Economist and bestselling author Tyler Cowen says our biggest problem is that we don’t love business enough.
Facebook turns us into addicts while putting our personal data at risk. An against-the-grain polemic on American capitalism from New York Times bestselling author Tyler Cowen. We love to hate the 800-pound gorilla. According to a 2016 gallup survey, only 12 percent of Americans trust big business “quite a lot, ” and only 6 percent trust it “a great deal.
Yet americans as a group are remarkably willing to trust businesses, whether in the form of buying a new phone on the day of its release or simply showing up to work in the expectation they will be paid. Walmart and Amazon destroy communities and small businesses. He dismantles common misconceptions and untangles conflicting intuitions.
From skeptical politicians like bernie sanders who, “if a bank is too big to fail, ” to millennials, only 42 percent of whom support capitalism, it is too big to exist, at a 2016 presidential campaign rally said, belief in big business is at an all-time low. Cowen illuminates the crucial role businesses play in spurring innovation, rewarding talent and hard work, and creating the bounty on which we’ve all come to depend.
Loonshots: How to Nurture the Crazy Ideas That Win Wars, Cure Diseases, and Transform Industries
If twentieth-century science was shaped by the search for fundamental laws, like quantum mechanics and gravity, the twenty-first will be shaped by this new kind of science. Not to be missed by anyone who wants to understand how ideas change the world. Daniel kahneman, winner of the nobel prize and author of thinking, fast and slow what do James Bond and Lipitor have in common? What can we learn about human nature and world history from a glass of water?In Loonshots, physicist and entrepreneur Safi Bahcall reveals a surprising new way of thinking about the mysteries of group behavior that challenges everything we thought we knew about nurturing radical breakthroughs.
Drawing on the science of phase transitions, or any group with a mission will suddenly change from embracing wild new ideas to rigidly rejecting them, companies, Bahcall shows why teams, just as flowing water will suddenly change into brittle ice. Loonshots is the first to apply these tools to help all of us unlock our potential to create and nurture the crazy ideas that change the world.
Loonshots distills these insights into lessons for creatives, entrepreneurs, and visionaries everywhere. Over the past decade, people vote, diseases erupt, researchers have been applying the tools and techniques of phase transitions to understand how birds flock, ideas spread, fish swim, brains work, criminals behave, and ecosystems collapse.
. Wall street journal bestseller*next big idea club selection—chosen by malcolm gladwell, Dan Pink, Susan Cain, and Adam Grant as one of the "two most groundbreaking new nonfiction reads of the season"*Washington Post's "10 Leadership Books to Watch for in 2019" *Inc. Com's "10 business books you need to read in 2019" *business insider's "14 books everyone will Be Reading in 2019"*Management Today's "Top Business Books to Read in 2019"“This book has everything: new ideas, bold insights, entertaining history and convincing analysis.
Architects of Intelligence: The truth about AI from the people building it
Read james manyika's thoughts on ai analytics, Geoffrey Hinton's breakthroughs in AI programming and development, and Rana el Kaliouby's insights into AI marketing. He speaks at conferences and companies around the world on what AI and automation might mean for the future. Meet the minds behind the AI superpowers as they discuss the science, business and ethics of modern artificial intelligence.
Of oxford, david ferrucci elemental cognition, daniela rus mit, oren etzioni allen institute for ai, gary marcus NYU, James Manyika McKinsey, Cynthia Breazeal MIT, Jeff Dean Google, Josh Tenenbaum MIT, Judea Pearl UCLA, Rana el Kaliouby Affectiva, Barbara Grosz Harvard, and Bryan Johnson Kernel. Martin ford is a prominent futurist, and author of Financial Times Business Book of the Year, Rise of the Robots.
Of montreal, andrew ng ai fund, stuart Russell UC Berkeley, Daphne Koller Stanford, Nick Bostrom Univ. Financial times best books of the year 2018techrepublic top books every techie should readbook descriptionhow will ai evolve and what major innovations are on the horizon? What will its impact be on the job market, one-to-one interviews where New York Times bestselling author, and society? What is the path toward human-level machine intelligence? What should we be concerned about as artificial intelligence advances?Architects of Intelligence contains a series of in-depth, economy, Martin Ford, uncovers the truth behind these questions from some of the brightest minds in the Artificial Intelligence community.
Martin has wide-ranging conversations with twenty-three of the world's foremost researchers and entrepreneurs working in AI and robotics: Demis Hassabis DeepMind, Ray Kurzweil Google, Geoffrey Hinton Univ. This ai book collects the opinions of the luminaries of the ai business, such as stuart russell coauthor of the leading AI textbook, Rodney Brooks a leader in AI robotics, Demis Hassabis chess prodigy and mind behind AlphaGo, and Yoshua Bengio leader in deep learning to complete your AI education and give you an AI advantage in 2019 and the future.
Of toronto and google, yann lecun facebook, Rodney Brooks Rethink Robotics, Fei-Fei Li Stanford and Google, Yoshua Bengio Univ.
Belt and Road: A Chinese World Order
He asks whether Belt and Road is about more than power projection and profit. Most importantly, it symbolizes a new phase in China's ambitions as a superpower: to remake the world economy and crown Beijing as the new center of capitalism and globalization. Bruno maçães traces this extraordinary initiative's history, highlighting its achievements to date, and its staggering complexity.
Might it herald a new set of universal political values, in fact, to rival those of the West? Is it, the story of the century? . China's belt and road strategy is acknowledged to be the most ambitious geopolitical initiative of the age. Covering almost seventy countries by land and sea, it will affect every element of global society, from shipping to agriculture, digital economy to tourism, politics to culture.
The Deep Learning Revolution The MIT Press
Sejnowski prepares us for a deep learning future. In this book, terry sejnowski explains how deep learning went from being an arcane academic field to a disruptive technology in the information economy. Sejnowski played an important role in the founding of deep learning, as one of a small group of researchers in the 1980s who challenged the prevailing logic-and-symbol based version of AI.
Deep learning networks can play poker better than professional poker players and defeat a world champion at Go. Deep networks learn from data in the same way that babies experience the world, starting with fresh eyes and gradually acquiring the skills needed to navigate novel environments. Someday a driverless car will know the road better than you do and drive with more skill; a deep learning network will diagnose your illness; a personal cognitive assistant will augment your puny human brain.
Learning algorithms extract information from raw data; information can be used to create knowledge; knowledge underlies understanding; understanding leads to wisdom. It took nature many millions of years to evolve human intelligence; AI is on a trajectory measured in decades. How deep learning—from google Translate to driverless cars to personal cognitive assistants—is changing our lives and transforming every sector of the economy.
The deep learning revolution has brought us driverless cars, fluent conversations with Siri and Alexa, the greatly improved Google Translate, and enormous profits from automated trading on the New York Stock Exchange. The new version of ai sejnowski and others developed, which became deep learning, is fueled instead by data.
The Power of Capitalism
The author provides compelling evidence from across the world that capitalism has been the solution to a number of massive problems. By taking the reader on a journey across continents and through recent history, Rainer Zitelmann disproves this call for greater government intervention and demonstrates that capitalism matters more than ever.
The market has failed, we need more government intervention" - that's the mantra politicians, the media and intellectuals have been reiterating constantly ever since the outbreak of the 2008 financial crisis. He compares developments in West and East Germany, North and South Korea, capitalist Chile v. Socialist venezuela, and analyses the extraordinary economic rise of China.
This book provides a timely reminder of capitalism's power is enabling growth and prosperity and is alleviating poverty. For many people, "capitalism" is a dirty word.
The Prosperity Paradox: How Innovation Can Lift Nations Out of Poverty
The prosperity paradox identifies the limits of common economic development models, which tend to be top-down efforts, and offers a new framework for economic growth based on entrepreneurship and market-creating innovation. From education to healthcare, infrastructure to eradicating corruption, too many solutions rely on trial and error.
Clayton M. Essentially, flood them with resources, the plan is often to identify areas that need help, and hope to see change over time. But hope is not an effective strategy. Clayton M. While noble, and in some cases, our current solutions are not producing consistent results, have exacerbated the problem.
For decades, we’ve assumed smart, well-intentioned people will eventually be able to change the economic trajectory of poor countries. At least twenty countries that have received billions of dollars’ worth of aid are poorer now. Applying the rigorous and theory-driven analysis he is known for, Christensen suggests a better way.
Christensen and his co-authors reveal a paradox at the heart of our approach to solving poverty. The right kind of innovation not only builds companies—but also builds countries. Christensen, and co-authors efosa ojomo and karen dillon reveal why so many investments in economic development fail to generate sustainable prosperity, the author of such business classics as The Innovator’s Dilemma and the New York Times bestseller How Will You Measure Your Life, and offers a groundbreaking solution for true and lasting change.