Podcast appearances and mentions of Edmund Phelps

El pasado viernes 16 de mayo hablamos junto a Alfredo Arizaga (Ministro de Finanzas cuando Ecuador adoptó la dolarización) y Martín Alesina (del CERES, Uruguay) en Diálogos al Café, con Roberto Laserna como moderador, sobre el proceso de estabilización macroeconómica que implementaron Javier Milei, Luis "Toto" Caputo y Santiago Bausili los primeros 15 meses de gobierno en Argentina. ¿Por qué Milei no dolarizó la economía como prometió en campaña, y por qué decidió seguir el camino de revaluación del peso propuesto por Caputo? ¿Por qué no siguió el camino de Ecuador? Como sea, las cosas han salido muy bien hasta aquí. ¿Entonces qué lecciones se puede obtener de ambos experimentos para la crisis de Bolivia? ¿Todavía resta mucho por hacer en Argentina? Por supuesto, pero lo que se ha logrado hasta aquí ha sido digno de estudio y admiración de nada menos que Thomas J. Sargent y Edmund Phelps, y aunque no tienen un Nobel, Nouriel Roubini fue hasta Buenos Aires para pedir audiencia con Milei, y Sebastián Edwards también reconoce el éxito. Además, el proceso también está siendo estudiando muy de cerca en universidades como Johns Hopkins y Columbia, y no porque no haya liberalizado absolutamente la economía argentina el primer día de gobierno se va a desmerecer este trabajo respaldado en evidencia contundente, y el que no lo ve es simplemente porque no quiere. ________________ Encuéntrame en más redes: Web: http://riosmauricio.com​​​​ Twitter: https://twitter.com/riosmauricio​​​​ LinkedIn: https://www.linkedin.com/in/riosmauricio​ Facebook: https://www.facebook.com/riosmauriciocom​ Patreon: https://www.patreon.com/riosmauricio

Durante il Festival dell’Economia a Trento, Edmund Phelps, una delle figure più influenti nel pensiero economico degli ultimi sessant’anni, ha incantato il pubblico con il suo panel intitolato “Il mio viaggio tra le idee e le teorie economiche”. Intervistato da Laura La Posta, caporedattrice de Il Sole 24 Ore, l’economista ha illustrato la sua visione di un neo-umanesimo economico che sfida la teoria neoclassica tradizionale, mettendo al centro individualismo, vitalità e auto-determinazione.

Can a single $100 bill solve an entire town's debt crisis? This riddle is a window into transaction costs. I rely on Jeffrey Rogers Hummel's insights, adding a few thoughts of my own. And a cool letter: Ever wondered why you haggle for a car but not for your morning Starbucks's coffee?  Plus, a book recommendation: Nobel Prize-winning economist Edmund Phelps' "My Journeys in Economic Theory," a compelling read that blends economic insights with political theory.Links:David Henderson gives a statement of "the riddle"J.R. Hummel's web siteSimilar story, from LvMIHaggling:Sebastian Schweighofer-Kodritsch, "The Bargaining Trap," Games and Economic Behavior, November 2022, v. 136, pp. 249-54.Book recommendation:Edmund Phelps, My Journeys in Economic Theory.  Columbia University Press.  https://cup.columbia.edu/book/my-journeys-in-economic-theory/9780231207300 If you have questions or comments, or want to suggest a future topic, email the show at taitc.email@gmail.com ! You can follow Mike Munger on Twitter at @mungowitz

The classical liberal economist Edmund Phelps wants government to aid poor people, but he clearly is not an egalitarian. His philosophy would be unacceptable to today's "woke" egalitarians. Original Article: "Edmund Phelps on Egalitarianism"

The classical liberal economist Edmund Phelps wants government to aid poor people, but he clearly is not an egalitarian. His philosophy would be unacceptable to today's "woke" egalitarians. Original Article: "Edmund Phelps on Egalitarianism"

durée : 01:58:08 - Les Matins - par : Guillaume Erner - Guillaume Erner reçoit Edmund Phelps, Prix Nobel de l'économie en 2006, pour parler de l'(im)pensé de la situation climatique dans les grandes théories économiques. Comment donc adapter les théories économiques classiques aux défis de notre époque ? - invités : Edmund Phelps économiste américain, prix Nobel en 2006; Jean-Marc Daniel économiste, professeur émérite à l'ESCP Europe

Economist Edmund Phelps – winner of the 2006 Nobel Prize in Economics – wants people to have rewarding work—and not just work with reasonable compensation, but also, more importantly, work that is meaningful, respected and creative. We hear from Edmund Phelps about his life in economics and the future of work.

This month, December 2022, marks the 50-year anniversary of when man last stood on the Moon. NASA's Apollo missions were an awe-inspiring triumph of human achievement, but do people really care about space anymore? To discuss the wonder of space exploration, the virtues involved, and why robotic missions just aren't enough, I'm joined by Charles T. Rubin.Charles is a contributing editor at The New Atlantis, where he has published several excellent essays on space exploration, his latest being "Middle Seat to the Moon" in the fall 2022 issue. He's also a professor emeritus of political science at Duquesne University and the author of several books, including 2014's Eclipse of Man: Human Extinction and the Meaning of Progress.In This Episode* Will space become mundane? (1:29)* The case for astronauts (10:10)* Billionaires in space (14:29)* Sci-fi and the future of space (19:41)Below is an edited transcript of our conversation.Will space become mundane?James Pethokoukis: In your New Atlantis essay, you write that “to make something routine is precisely to suck the wonder out of it, to make it uninteresting.” In regards to space exploration, is it important that people have a sense of wonder to it? Is it important to maintain public support for government efforts? And is it important in a higher spiritual sense, that we have a sense of wonder about the vastness of the universe outside our own little pale blue dot of it?Charles Rubin: I think both of those are true, actually. It applies not just to government space program efforts, but also now to private space program efforts. The private ones obviously will operate in a market environment. Someday, I think it is hoped that such trips will not just be for immensely wealthy people, but will be for normally wealthy people. And they're going to have to have a reason to want to go into space. I think, as is true in many, many circumstances of tourism, it will be because there's something very cool and wondrous to be seen out there. That is certainly part of any justification — an important part, it seems to me, for both private space efforts and, of course, public space efforts. There are going to be many different reasons why people will support or be against a government-funded space program. But here also, I think that wonder plays an important role in attracting some kinds of people to those efforts who would otherwise not be attracted. The science of it, the technology of it — those are crucial things, but they're not going to appeal to everybody. But exploration and going where no human being has gone before: These are things that are going to have a broader appeal, I think.I wonder, even if we get to the point where it's maybe not common that people take a quick trip into almost space or even at the point where they can have a vacation in orbit, even if you know people who have done that, I think there will still be a sense of wonder. I've done some traveling, probably a lot less traveling than some other people. But I'm pretty sure that when I go to Italy and see the Colosseum, or if I went to Australia and saw Mount Uluru, even though I am not the first person to do that and I know people have done that, I would still probably think those are pretty awesome.I certainly hope that's true. It may be useful if I say something more about my concerns about routinization: I think that there are problems that will be faced as space travel gets more common and is available to more people. That will be a wonderful thing in terms of the success of the technology, but we will potentially find ourselves in a situation where it's going to be like flying in an airplane to Australia or flying in an airplane to Italy: I don't know how many people look out the window under those circumstances. And yet here you are flying at an immense height with extraordinary vistas to be seen around you, and we simply take it for granted.I began to think about some of this in the way I do when I was going occasionally into New York City from New Jersey. I don't think this is a train ride that is known — well, I can know for sure — it's not known for its natural beauty, and I could look around me and see that people were doing almost anything other than looking out the window. But it's kind of an extraordinary ride. You're passing through suburban America, you're passing through decaying industrial areas. There's just a lot to be seen there. But of course, it's just a train ride so who really is going to be looking too carefully at what's going on around them? I'd like to see that in our space efforts we maintain that level of interest at all levels of the journey. And again, I think that's going to be an important part of both commercial and governmental success.Is that possible? Is that an unavoidable downside? Some things are going to become common and there's always going to be a certain amount of people like yourself — I'm probably more like you in this; I always think it's cool the first time I see a New York skyline or taking a train and just seeing how one little town might be different; I enjoy that — and some people don't, they will get lost in their phones or naps, and that's just the way we are. Different people have different preferences.Yes, and that's fine. In fact, that's wonderful. But I don't think it's impossible to open a door that might otherwise be left shut. In other words, I think these are outlooks that can be cultivated. They're outlooks that can be encouraged. I think I was fortunate growing up: My folks took us on wonderful driving vacations, and when we started out was an era of auto suspensions where car sickness was still a major concern. We were actively discouraged from reading in the car, so we learned to pay attention to the landscape. And my mother was a great one for pointing things out, and she was never afraid to hide her own enthusiasm. And I didn't do such a good job with my kids, who became readers in the car. I kind of wish that were otherwise, but I probably could have done better. Again, I think there are attitudes that can be cultivated, there are expectations that can be created, that will perhaps allow more people rather than fewer to appreciate the wonders of space flight.That reminded me of a book by the Nobel laureate Edmund Phelps called Mass Flourishing. And toward the end of the book, he talks a little bit about schools. And he's worried that we're not creating entrepreneurial — in the broadest sense of the word — risk-taking, adventurous children.Are we creating with our current education system, do you think, the kind of people who can have a real sense of awe, a sense of wonder at what they see out of a window on a spacecraft or a space hotel?That sounds like a last chapter I very much need to read. I agree. I think there are multiple tendencies in contemporary American culture that readily point us in directions that are not healthy. My hope would be something like this: that a serious, active, adventurous, risk-taking space program could serve something of the same function going forward in our time as that extraordinary, less than a decade served in the 1960s when the United States was on its way to the Moon. That really was inspiring. I look back on it and I think it's amazing. It took so short a time from the Kennedy speech to having people on the Moon. And people responded to that, it seems to me.The case for astronautsFrequent listeners will know that I love the TV show For All Mankind. And for those who have not watched it, it's an alt-history show where the space race never ends. The US and the USSR just keep racing, and it has all kinds of interesting side effects. And I remember, I think it was the end of season three, it flash-forwards — spoilers — to the early ‘90s. And what you see is this Martian vista, then you see an astronaut's boot take a step on that Martian vista. But some people don't get a thrill out of that. They think, “Fine. Build your space factories and space hotels and space stations, but anything beyond that, just send robots. Send robots to the Moon, send robots to Mars — do your exploration that way.” Certainly, you could do some exploration more cheaply if it was just robots. Is it worth the risk to be sending people beyond the Moon?I want to acknowledge your point and say, yes, there are people who simply aren't going to find any kind of appeal in this. And that's okay. I just would like to see a situation where those whose heartstrings can be plucked by this sort of thing can express it that way and can understand themselves that way. An for example, NASA perhaps be a little more forthright in stressing the adventurous and the risk-taking part of its program rather than, as it has been in the past, tending to downplay the risk. I'm not talking about making things more risky. I'm talking about admitting the risks that are actually there.We mentioned a current essay, but you had another one which was great, “The Case Against the Case Against Space.” I'm quickly going to read a few sentences from that:“We should want heroes, but heroism requires danger. That many professed shock when the idea was floated that early Mars explorers might have to accept that they would die on Mars is a sign of how far we miss the real value of our space enterprise as falling within the realm of the ‘noble and beautiful.' It would be better to return in triumph, to age and pass away gracefully surrounded by loved ones, and admired by a respectful public! But to die on Mars — to say on Mars what Titus Oates said in the wastes of Antarctica, ‘I am just going outside and may be some time' — would be in its own way a noble end, a death worth commemorating beyond the private griefs that all of us will experience and cause.”That seems to me a countercultural notion right now: that it's worth it. There are worse things than to die in that pursuit.It is a countercultural notion, but I think it's worth trying to… And by the way, thank you for that.I've quoted that passage in various things. I just love it.But we can work towards creating a world where it is at least not as unusual as it might be today. I think there is to some extent a kind of natural appeal of heroism, a natural admiration of risk taking. And we can work to bring that out with respect to the space program. And yes, of course, we should pride ourselves on the fact that we are not expending lives lightly and that we do everything we can to bring our astronauts back. But there also has to be a recognition that it isn't always going to work that way. And just because lives will be lost, that does not in any way diminish the value or the meaning of the enterprise.Billionaires in spaceWe have this “Billionaire Space Race.” Jeff Bezos, Elon Musk, Richard Branson: They all seem to have very different goals. Musk and Bezos, particularly, have a far more expansive vision of what they're trying to do than somebody like Richard Branson. But they're certainly describing what they're doing differently. Elon Musk has talked about how we're going to be a multi-planetary civilization, have colonies on Mars. And Bezos has not tended to talk like that. He talks about creating an orbital economy, moving heavy industry into orbit: a much more grounded description. I wonder if Bezos does that because he just wonders how much interest people really have in space exploration. I'm not sure what my question is, but certainly it seems like they've taken different stances. And I'm wondering if there's an underlying concern that even though we love science-fiction films, there's just not that kind of interest in space?In a way, I think that the fact that interest in space is limited is actually something which Elon Musk's vision accommodates better than Jeff Bezos' vision. Jeff Bezos does imagine vast numbers of people moving up into those orbital colonies such that the Earth is significantly depopulated largely for the sake of ecological integrity. That presumes a huge interest in people moving into space. And to my mind, frankly, it's quite unrealistic.But what is Musk talking about? Musk is talking about something that we know well. I understand from that book I criticized that there are problems in analogizing Earthly exploration to space exploration, but there are still similarities. We're talking about sending a small number of people on our behalf for the sake of exploration, for the sake of adventure, for the sake of the expansion of knowledge. That can be done with a relatively smaller constituency than a vision like Bezos', which requires just about everybody somehow to buy into it. Even when we start talking about colonization of Mars, as Musk likes to talk about, even that can be a minority taste and yet still lay the groundwork for extraordinary possibilities of a human future.William Shatner recently did a quick jump into space and back with Jeff Bezos, and there was a lot of attention paid to his reaction. William Shatner said after his trip to space: “The contrast between the vicious coldness of space and the warm nurturing of Earth below filled me with overwhelming sadness. … My trip to space was supposed to be a celebration; instead, it felt like a funeral.” What do you make of that reaction?I think that his unstudied reaction immediately following the flight — I think what you're quoting is a later reflection on his experience — was more telling. Whether or not there was an element of sadness, he was moved to an extraordinary extent by his experience. And I think that's appropriate. Of course, people are going to be moved in different ways and he is certainly entitled to reflect back on his experience and put a much darker tone on it subsequently than he put on it at the time. There was some of that in what he said at the time, but I think his vision has gotten darker over the course of the last months. People aren't all going to be moved to the same…I love the idea of space exploration and that did not bother me at all. It made me appreciate Earth. It made me think we have to make sure Earth works right now because there's no place for us to go. I can understand that, thinking about Earth and are we taking care of it enough? That's totally fine. I don't think it means that we shouldn't explore space and try to go out there. But to me that's a totally reasonable reaction, and maybe also a reaction I might have if I was in my ‘90s and probably thinking more about having probably far fewer days ahead than behind.Yes. That's a nice point.Sci-fi and the future of spaceAre there books, TV shows, movies, and science fiction that you think present thoughtful visions about space or even about the future of space exploration or the future in general?Let me mention two things. I haven't gotten nearly as deeply into For All Mankind as you have, but I'm enjoying it tremendously. The show that I love so much that I haven't been able to bring myself to watch yet the last few episodes is The Expanse. I think it is actually a very thoughtful and compelling vision of a future. Lord knows, in some ways it's a terrible future. I don't want to do a lot of spoilers, but nonetheless, I think it has the root of the matter in it, that this is what a human future in space looks like. And there are going to be heights and there are going to be depths. But the opportunities for new venues in which to experience those kinds of heights and depths, there's going to be something extraordinary about it.The other thing is, there's this wonderful coffee table book. It's called Apollo Remastered by a photographer named Andy Saunders. And he has taken some familiar and some hitherto-unseen NASA footage and processed it using modern techniques. And so the pictures are beautiful in themselves, but he also has done interviewing of some of the surviving astronauts. He has, I think, a wonderful eye and ear for the adventurism aspect of space exploration. And he gets some astronauts talking and commenting on things which I was a little surprised to hear. It made me think differently about some of those Apollo astronauts than I had up to that time. It's a lovely book visually and also just quite stimulating in terms of its vision of what was actually going on among the astronauts of that period.Since you mentioned The Expanse and it's a show I really like: I've written a little bit about it, and I got into a little bit of a back-and-forth with people because I described it as a “future-optimistic” show. And people are like, “How could you say that? There's still conflict and war, and there's inequality?” Yes, because we're human beings, and whether we have fusion drives, that's going to be there. My idea of a better future isn't about creating a race of perfect near gods. It's that we keep going on.When I think about how much conversation is about the ecological destruction of the Earth and that we're not going to have a future, to have a show that says, “A lot of things went wrong, but we're still here.” In The Expanse, it's clear there has been climate change. I think there's a giant sea wall protecting New York. There are problems, and we solve problems. And maybe our solutions cause more problems, but then we'll solve those and we just keep moving forward. Humanity keeps expanding and we keep surviving. And that's pretty good to me. That's my kind of future-optimism. As much as I love Star Trek, I don't require an optimistic future to be one where there's absolute abundance, no poverty, we all get along all the time.I think that's beautifully observed. I agree 100 percent. I don't think I would like to live on the Mars of The Expanse. I don't think it's my kind of place.A lot of tunnels. You're living in a lot of tunnels.But Bobbie is just an extraordinary person. She's very Martian, but she isn't entirely limited by her Martianness. She's so competent and capable and just admirable in all these ways which a future person, one hopes, could turn out to be admirable. That's very beautiful. And yes, there are terrible traitors on Mars, traitors to humanity on Mars, too. But just as you say, it allows us to continue to lead human lives in these new and extraordinary settings and stretches. If that were to be the future, it stretches our capacities, it stretches our minds, it challenges us in ways which I think are good for us. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit fasterplease.substack.com/subscribe

Parte oggi la diciassettesima edizione del Festival dell'Economia di Trento, dal 2 al 5 giugno. Oltre 200 eventi, 7 premi Nobel, 10 ministri, 75 relatori provenienti dal mondo accademico, 20 tra i più importanti economisti internazionali e nazionali, 26 rappresentanti delle maggiori istituzioni europee e nazionali ma, soprattutto, migliaia di partecipanti arrivati a Trento per seguire i lavori. Fra gli ospiti: Edmund Phelps, Giovanni Tria, il ministro Elena Bonetti (pari opportunità e famiglia), Gian Maria Gros Pietro, Roberto Cingolani, Alessandra Perrazzelli, Muhammad Yunus, Andrea Enria, Antonio Patuelli, Cecilia Guerra, Enrico Giovannini, Renato Brunetta, Gian Carlo Blangiardo. Parliamo del festival con il presidente del gruppo 24 ore Edoardo Garrone. Opec+ aumenta la produzione di petrolio per compensare il calo russo I Paesi esportatori di petrolio riuniti sotto il cartello Opec+, che include anche la Russia, hanno deciso di aumentare a luglio e agosto la produzione di 648mila barili al giorno, in misura dunque superiore a quanto avvenuto negli ultimi mesi e a quanto era previsto. Lo anticipa il Wall Street Journal. I prezzi erano già in ribasso dopo che il Financial Times segnalava la volontà dell'Arabia Saudita di compensare i cali di produzioni che potranno derivare dalle sanzioni contro la Russia. Approfondiamo il tema con Sissi Bellomo de Il Sole 24 Ore. L'economia peggiora ma per ora le aspettative non sono di recessione Prima gli effetti del covid e poi la guerra, con la conseguente crisi energetica, la stagnazione dell'economia globale sembra alle porte. Al momento, però, nonostante siano evidenti i segni di un rallentamento economico, la recessione non sembra essere attuale. Anche se diversi analisti si preparano al peggio: l'a.d. di Jp Morgan, Jamie Dimon, ad esempio vede un «uragano economico» in arrivo causato dall'approccio della Fed e dalla guerra in Ucraina. Ne parliamo con l'ex ministro dell'Economia Giovanni Tria.

Pedro Gomes é Professor Associado em Economia em Birkbeck, Universidade de Londres. Completou a licenciatura em Economia no ISEG em 2003 e doutorou-se pela London School of Economics em 2010.  Friday is the New Saturday (Sexta Feira é o Novo Sábado) é o seu primeiro livro. -> Apoie este projecto e faça parte da comunidade de mecenas do 45 Graus em: 45graus.parafuso.net/apoiar Actualmente, a maioria de nós (sobretudo os que não caem na maluquice de ter um podcast) tem um emprego de segunda a sexta-feira, e descansa dois dias ao fim-de-semana. Mas não foi sempre assim. Ainda há menos de 100 anos, na maioria dos países, a semana de trabalho era de segunda a sábado, só com um dia de descanso.  E nos últimos anos tem havido cada vez pessoas a sugerir que se dê ainda mais um passo em frente e se passe para uma semana de trabalho de apenas quatro dias. Há mesmo várias empresas que já testaram este modelo e reclamam resultados muito positivos, inclusive na produtividade.  A pandemia, com a modificação de hábitos de trabalho que provocou, acabou por dar um novo vigor a esta discussão. O livro do convidado, que acaba de ser publicado em português é, por isso, muito oportuno, e tem dado muito que falar internacionalmente.  Pedro Gomes é Professor Associado em Economia em Birkbeck, Universidade de Londres. Completou a licenciatura em Economia no ISEG em 2003 e doutorou-se pela London School of Economics em 2010. No livro Sexta Feira é o Novo Sábado, defende que uma semana de quatro dias, para além de ser benéfica para as pessoas, daria um impulso à economia, estimulando a procura, a produtividade, a inovação e os salários, e contribuindo ao mesmo tempo para reduzir o desemprego e o apelo de movimentos populistas.  O livro foi originalmente publicado em inglês e é mais vocacionado para economias ricas, como a dos EUA e dos países do centro e norte da Europa, do que Portugal. Ainda assim, tem muito de relevante se queremos entender o que pode ser o mundo do futuro. É, além disso, um livro escrito por um economista mas direccionado a um público alargado, uma vez que tem, muitas vezes, uma análise social e até psicológica. Na nossa conversa, discutimos as especificidades do modelo que o convidado propõe, os benefícios que poderia trazer e o modo como seria implementado (bem como os obstáculos que pode haver).  _______________ Índice da conversa: (4:23) O que defende o livro? | A previsão de Keynes (em 1930) de que 100 anos depois trabalhamos 15 horas.  (18:34) A importância da coordenação na economia (e por que tem de ser o Governo a implementar a semana de 4 dias). | O calendário alternativo que a Kodak implementou mas acabou por deixar cair. | Decisão do governo os Emirados Árabes Unidos de passar o trabalho do Estado para a semana de segunda a sexta-feira. (24:41) Benefício #1: Fazer crescer a economia através do estímulo ao consumo (32:17) Benefício  #2: Aumentar a produtividade. | O caso de Andrew Barnes (CEO de empresa neo-zelandesa) (42:44) Paradoxo de as horas de trabalho estarem a aumentar nas profissões mais bem pagas. (46:40) Benefício #3 Aumentar a inovação | Episódio Pedro Oliveira sobre ‘inovação pelo utilizador' | Edmund Phelps e a ‘grassroot innovation' | Henry Ford | Bertrand Russell, “In Praise of Idleness” (55:11) Benefício #4: Dar mais liberdade às pessoas | O Caminho para a Servidão, de Friedrich Hayek  (1:01:22) Obstáculos à implementação da semana de 4 dias. Livros recomendados: Profit Paradox, de Jan Eeckhout | Shorter, de Alex Soojung-Kim Pang _______________ Obrigado aos mecenas do podcast: Julie Piccini, Ana Raquel Guimarães Galaró family, José Luís Malaquias, Francisco Hermenegildo, Nuno Costa, Abílio Silva, Salvador Cunha, Bruno Heleno, António llms, Helena Monteiro, BFDC, Pedro Lima Ferreira, Miguel van Uden, João Ribeiro, Nuno e Ana, João Baltazar, Miguel Marques, Corto Lemos, Carlos Martins, Tiago Leite Tomás Costa, Rita Sá Marques, Geoffrey Marcelino, Luis, Maria Pimentel, Rui Amorim, RB, Pedro Frois Costa, Gabriel Sousa, Mário Lourenço, Filipe Bento Caires, Diogo Sampaio Viana, Tiago Taveira, Ricardo Leitão, Pedro B. Ribeiro, João Teixeira, Miguel Bastos, Isabel Moital, Arune Bhuralal, Isabel Oliveira, Ana Teresa Mota, Luís Costa, Francisco Fonseca, João Nelas, Tiago Queiroz, António Padilha, Rita Mateus, Daniel Correia, João Saro João Pereira Amorim, Sérgio Nunes, Telmo Gomes, André Morais, Antonio Loureiro, Beatriz Bagulho, Tiago Stock, Joaquim Manuel Jorge Borges, Gabriel Candal, Joaquim Ribeiro, Fábio Monteiro, João Barbosa, Tiago M Machado, Rita Sousa Pereira, Henrique Pedro, Cloé Leal de Magalhães, Francisco Moura, Rui Antunes7, Joel, Pedro L, João Diamantino, Nuno Lages, João Farinha, Henrique Vieira, André Abrantes, Hélder Moreira, José Losa, João Ferreira, Rui Vilao, Jorge Amorim, João Pereira, Goncalo Murteira Machado Monteiro, Luis Miguel da Silva Barbosa, Bruno Lamas, Carlos Silveira, Maria Francisca Couto, Alexandre Freitas, Afonso Martins, José Proença, Jose Pedroso, Telmo , Francisco Vasconcelos, Duarte , Luis Marques, Joana Margarida Alves Martins, Tiago Parente, Ana Moreira, António Queimadela, David Gil, Daniel Pais, Miguel Jacinto, Luís Santos, Bernardo Pimentel, Gonçalo de Paiva e Pona , Tiago Pedroso, Gonçalo Castro, Inês Inocêncio, Hugo Ramos, Pedro Bravo, António Mendes Silva, paulo matos, Luís Brandão, Tomás Saraiva, Ana Vitória Soares, Mestre88 , Nuno Malvar, Ana Rita Laureano, Manuel Botelho da Silva, Pedro Brito, Wedge, Bruno Amorim Inácio, Manuel Martins, Ana Sousa Amorim, Robertt, Miguel Palhas, Maria Oliveira, Cheila Bhuralal, Filipe Melo, Gil Batista Marinho, Cesar Correia, Salomé Afonso, Diogo Silva, Patrícia Esquível , Inês Patrão, Daniel Almeida, Paulo Ferreira, Macaco Quitado, Pedro Correia, Francisco Santos, Antonio Albuquerque, Renato Mendes, João Barbosa, Margarida Gonçalves, Andrea Grosso, João Pinho , João Crispim, Francisco Aguiar , João Diogo, João Diogo Silva, José Oliveira Pratas, João Moreira, Vasco Lima, Tomás Félix, Pedro Rebelo, Nuno Gonçalves, Pedro , Marta Baptista Coelho, Mariana Barosa, Francisco Arantes, João Raimundo, Mafalda Pratas, Tiago Pires, Luis Quelhas Valente, Vasco Sá Pinto, Jorge Soares, Pedro Miguel Pereira Vieira, Pedro F. Finisterra, Ricardo Santos _______________ Esta conversa foi editada por: Hugo Oliveira _______________ Bio: Pedro Gomes (Lisboa, 1981) é Professor Associado em Economia em Birkbeck, Universidade de Londres, desde 2017. Anteriormente, foi Professor Assistente na Universidade Carlos III de Madrid durante sete anos, Professor Visitante na Universidade de Essex, trabalhando também no Banco Central Europeu e no Banco da Inglaterra. Completou a licenciatura em Economia no Instituto Superior de Economia e Gestão em 2003 e doutorou-se pela London School of Economics em 2010. Friday is the New Saturday é o seu primeiro livro, agora traduzido para Português. Um livro não académico escrito por um académico, sobre economia, mas não reservado a economistas.

Economics is an animating science. Economics is treated by many as an arid field of mathematical modeling. Human beings are treated as data in the model, almost the way physics regards atoms and molecules. This approach to economics doesn't help people much; it doesn't help us understand the world, and isn't helping us build a better future. Austrian economics is humanistic; it treats humans as people, pursuing their hopes and dreams, frequently changing, seldom predictable, and never acting like data in a model. That's why we see our brand of economics as animating: helping people to understand better how to identify the best means for their chosen ends. For businesspeople, that translates into knowledge, processes and tools to help businesses grow and thrive. The role of the entrepreneur Entrepreneurship is the animation of business. It's action; the exciting process of turning business knowledge and market signals into commercial solutions with the application of imagination, insight, creativity, resource assembly, and agile adjustment. A big part of what makes Austrian economics different and better for business application is the understanding of the role of the entrepreneur and the entrepreneurial function in the economy. Jeff Deist articulated this role as a nexus between capital and markets, and the entrepreneur as the individual taking risk, employing their own property and having skin in the game. It's an exciting role. Entrepreneurship and value Entrepreneurial business is the intentional pursuit of new economic value. The pursuit requires a deep understanding of the concept of value, an understanding that Austrian economics provides. Ever since Carl Menger established the concept of subjective value, Austrian economists have been deepening their understanding still further. Today, we recognize more than ever the role of the customer in value creation; since value is their experience, they are active collaborators. Entrepreneurs harness this collaboration. Think of an iPhone. Apple designs and assembles it, and then a large part of the value experience comes from the user adding apps, composing and sending and receiving messages and e-mails, choosing videos to watch and podcasts to listen to, eagerly contributing to the value experience that they themselves enjoy. Value is what users make it. Individualism and diversity Entrepreneurial economics recognizes the role of the individual. It respects and honors the individual choice. Each individual, in the role of both consumer and producer, exhibits different preferences, personality, and psychology; we live in different places and in different contexts; we each have different needs and wants. There are many favorable outcomes from individualism. One is the vast global diversity of the marketplace, whether exhibited on amazon or Alibaba or Grainger.com for industrial supplies. Another is economics as an engine of humanity and peace, which is the context for entrepreneurs providing goods and services globally to customers. Specialization, achievement and satisfaction Economics For Business aims to help all businesses and all entrepreneurs to find their specialization in this global ecosystem. We apply the economic principles of the specialized division of knowledge and division of labor. We all have knowledge that is unique to us, and we can all find an application of that knowledge in business. Bob Luddy, who has been a guest on our podcast, founded CaptiveAire, a company that specializes in restaurant ventilation systems, providing benefits of safety, comfort, clean air and regulatory compliance to a broad range of foodservice customers. Bob stresses the value of specialization to become the leader in a category - a share leader and a knowledge leader and an innovation leader. And he'll tell you that the non-material rewards of economic specialization are delightful, including satisfaction, achievement, earned respect. CaptiveAire is a great example of considered specialization – it's not in a high tech category (although there is a lot of tech incorporated in CaptiveAire's product and service bundle), or an internet business or a software business. Find your customers, find a need that is not being filled, and build from there. Big data versus big empathy and big insights We live in an era where more and more data is being collected, compiled, processed and analyzed by producers (as well as non-economic actors such as governments, of course). As the sources of data, many of us have concerns about this trend. The economic principle that is more important for businesses, however, is that, no matter how “big” the data sets are, they do not have value (they are not causal data) until they provide or reveal some qualitative understanding of customer feelings, motivations or attitudes. These are the data that are genuinely useful to businesses. The Economics For Business method to develop this understanding is empathy, and we have a full toolset to help entrepreneurs apply it. MBA-ization versus products, people and active learning Jeff quoted Elon Musk on the subject of MBA-ization of business: too much focus on financial modeling and spreadsheets, and not enough on deploying engineers on the factory floor to develop, introduce and continuously improve great products that provide the customer with a delightful experience. Jeff concurred that MBA programs and business schools have become bogged down with a lot of dead weight, and have obscured some of their market-facing functions. They don't provide the value they ought to provide for the tuition charged. Economics For Business can provide the 20% of business school knowledge that's actually valuable, and add new content – informed with Austrian insight - that's even more relevant, plus the methodology and tools to apply the knowledge in business practice. This approach is based on the educational science of active learning. In this view, learning is not achieved via books and lectures (which are necessarily backward-looking) but via the receipt of tools and methods and techniques, applying them oneself in real-life situations, and learning from the feedback received from people and markets and business results. Building experience and sharing experience. Active learning is the accumulation of experience. It is the unique experience of entrepreneurs and their teams gained from the operation of their businesses that constitutes the division of knowledge flywheel that continuously reinforces their advantaged position in the marketplace. There is a time value to experience; it takes time to accumulate. On the Economics For Business platform, we'll aim to identify ways to share experience to speed up the experience-gathering timeline. Q&A and discussion within our entrepreneurial community is one way. Another is mentoring, whereby experienced business people can share what they've learned over time. Economics as a route to work and life satisfaction. In his book Dynamism, Economic Nobel prizewinner Edmund Phelps tells us that, according to individually reported life satisfaction scores (e.g. Pew Research Center surveys and other similar surveys), the greater part of life satisfaction results from production activities rather than consumer activities. The purpose and meaning of taking on challenges, achieving results, making discoveries, self-reliance, and success in meeting goals are found in participation in the production side of the economic system. We hope to play our part in the stimulus of those satisfactions via the Mises Institute's Economics For Business project. Entrepreneurial GPS Economics For Business utilizes a journey metaphor for the entrepreneurial process. Take a look at our visual summary at Mises.org/E4B_100_PDF.

Economics is an animating science. Economics is treated by many as an arid field of mathematical modeling. Human beings are treated as data in the model, almost the way physics regards atoms and molecules. This approach to economics doesn't help people much; it doesn't help us understand the world, and isn't helping us build a better future. Austrian economics is humanistic; it treats humans as people, pursuing their hopes and dreams, frequently changing, seldom predictable, and never acting like data in a model. That's why we see our brand of economics as animating: helping people to understand better how to identify the best means for their chosen ends. For businesspeople, that translates into knowledge, processes and tools to help businesses grow and thrive. The role of the entrepreneur Entrepreneurship is the animation of business. It's action; the exciting process of turning business knowledge and market signals into commercial solutions with the application of imagination, insight, creativity, resource assembly, and agile adjustment. A big part of what makes Austrian economics different and better for business application is the understanding of the role of the entrepreneur and the entrepreneurial function in the economy. Jeff Deist articulated this role as a nexus between capital and markets, and the entrepreneur as the individual taking risk, employing their own property and having skin in the game. It's an exciting role. Entrepreneurship and value Entrepreneurial business is the intentional pursuit of new economic value. The pursuit requires a deep understanding of the concept of value, an understanding that Austrian economics provides. Ever since Carl Menger established the concept of subjective value, Austrian economists have been deepening their understanding still further. Today, we recognize more than ever the role of the customer in value creation; since value is their experience, they are active collaborators. Entrepreneurs harness this collaboration. Think of an iPhone. Apple designs and assembles it, and then a large part of the value experience comes from the user adding apps, composing and sending and receiving messages and e-mails, choosing videos to watch and podcasts to listen to, eagerly contributing to the value experience that they themselves enjoy. Value is what users make it. Individualism and diversity Entrepreneurial economics recognizes the role of the individual. It respects and honors the individual choice. Each individual, in the role of both consumer and producer, exhibits different preferences, personality, and psychology; we live in different places and in different contexts; we each have different needs and wants. There are many favorable outcomes from individualism. One is the vast global diversity of the marketplace, whether exhibited on amazon or Alibaba or Grainger.com for industrial supplies. Another is economics as an engine of humanity and peace, which is the context for entrepreneurs providing goods and services globally to customers. Specialization, achievement and satisfaction Economics For Business aims to help all businesses and all entrepreneurs to find their specialization in this global ecosystem. We apply the economic principles of the specialized division of knowledge and division of labor. We all have knowledge that is unique to us, and we can all find an application of that knowledge in business. Bob Luddy, who has been a guest on our podcast, founded CaptiveAire, a company that specializes in restaurant ventilation systems, providing benefits of safety, comfort, clean air and regulatory compliance to a broad range of foodservice customers. Bob stresses the value of specialization to become the leader in a category - a share leader and a knowledge leader and an innovation leader. And he'll tell you that the non-material rewards of economic specialization are delightful, including satisfaction, achievement, earned respect. CaptiveAire is a great example of considered specialization – it's not in a high tech category (although there is a lot of tech incorporated in CaptiveAire's product and service bundle), or an internet business or a software business. Find your customers, find a need that is not being filled, and build from there. Big data versus big empathy and big insights We live in an era where more and more data is being collected, compiled, processed and analyzed by producers (as well as non-economic actors such as governments, of course). As the sources of data, many of us have concerns about this trend. The economic principle that is more important for businesses, however, is that, no matter how “big” the data sets are, they do not have value (they are not causal data) until they provide or reveal some qualitative understanding of customer feelings, motivations or attitudes. These are the data that are genuinely useful to businesses. The Economics For Business method to develop this understanding is empathy, and we have a full toolset to help entrepreneurs apply it. MBA-ization versus products, people and active learning Jeff quoted Elon Musk on the subject of MBA-ization of business: too much focus on financial modeling and spreadsheets, and not enough on deploying engineers on the factory floor to develop, introduce and continuously improve great products that provide the customer with a delightful experience. Jeff concurred that MBA programs and business schools have become bogged down with a lot of dead weight, and have obscured some of their market-facing functions. They don't provide the value they ought to provide for the tuition charged. Economics For Business can provide the 20% of business school knowledge that's actually valuable, and add new content – informed with Austrian insight - that's even more relevant, plus the methodology and tools to apply the knowledge in business practice. This approach is based on the educational science of active learning. In this view, learning is not achieved via books and lectures (which are necessarily backward-looking) but via the receipt of tools and methods and techniques, applying them oneself in real-life situations, and learning from the feedback received from people and markets and business results. Building experience and sharing experience. Active learning is the accumulation of experience. It is the unique experience of entrepreneurs and their teams gained from the operation of their businesses that constitutes the division of knowledge flywheel that continuously reinforces their advantaged position in the marketplace. There is a time value to experience; it takes time to accumulate. On the Economics For Business platform, we'll aim to identify ways to share experience to speed up the experience-gathering timeline. Q&A and discussion within our entrepreneurial community is one way. Another is mentoring, whereby experienced business people can share what they've learned over time. Economics as a route to work and life satisfaction. In his book Dynamism, Economic Nobel prizewinner Edmund Phelps tells us that, according to individually reported life satisfaction scores (e.g. Pew Research Center surveys and other similar surveys), the greater part of life satisfaction results from production activities rather than consumer activities. The purpose and meaning of taking on challenges, achieving results, making discoveries, self-reliance, and success in meeting goals are found in participation in the production side of the economic system. We hope to play our part in the stimulus of those satisfactions via the Mises Institute's Economics For Business project. Entrepreneurial GPS Economics For Business utilizes a journey metaphor for the entrepreneurial process. Take a look at our visual summary at Mises.org/E4B_100_PDF.

Why isn't everyone an entrepreneur? Perhaps we don't explain it well enough or in language that lets everyone in on the wonders and the thrills of the pursuit of new economic value. Scott Livengood chooses reframing — thinking in new and different ways about an established concept — to widen the audience for entrepreneurship. Reframing entrepreneurship in the context of popular culture. Scott recently published a multimedia e-book called The Startup of Seinfeld (Mises.org/E4E_99_Book1). In the book he articulates a comprehensive survey of concepts and principles of entrepreneurship, including the entrepreneurial mindset, risk and uncertainty, intellectual property, business models, planning, finance, and many more. The cultural frame Scott selected is everyday city life as illustrated by the characters and situations and market interactions in 180 episodes of Seinfeld. In Scott's hands, this is not a show about nothing, but about entrepreneurship. The multimedia approach is facilitated by a series of links in the e-book to YouTube video clips of short scenes from multiple Seinfeld episodes that are illustrative of entrepreneurial concepts and principles. You'll find the concepts of economic calculation, opportunity, product design, arbitrage, intellectual property, judgment, planning, uncertainty, and several more. The text accompanying the videos is an exposition of economic principles underlying these concepts. There's a lot to learn, and it's fun! A major point to take away is that entrepreneurship is everyday life: people imagining new ways to serve others and meet their needs, and employing design and economic calculation, judgment under uncertainty and marketing and communications to facilitate a valuable exchange. Reframing the teaching of entrepreneurship and strategy. The philosophy underpinning the teaching method in the e-book has been forged in the university classes and seminars that Scott teaches, and for which he prepares meticulously and conducts comparative research into learning and teaching effectiveness. He has found that embedding the principles of entrepreneurial economics and business strategy in cultural iconography illustrated via multimedia technology results in a significant increase in student engagement, participation, learning, and understanding. Humor, for example, is a language and a style that can draw students in, engage them at a deeper level of curiosity, and help to deliver the serious economic message. This kind of approach helps students think of entrepreneurship as more of a normal life choice for themselves — a life of creative problem-solving. Students can think about their ends and the means open to them in a different way. If they are inclined to “social entrepreneurship”, they can learn that that simply means a distinctive identification of ends, without any attempt to operate outside the profit-and-loss system of sound entrepreneurial practice. Reframing entrepreneurship for the disadvantaged. Scott's ultimate test for reframing entrepreneurship for a different audience in a different culture has been presented by his teaching for Education for Humanity. This is group associated with his university, Arizona State, and dedicated to helping displaced refugees. These students who are displaced from their homelands by war and conflict and find themselves in refugee camps in countries that are alien to them, like Uganda and Lebanon. Their prospects for further education are narrow. What are the pathways out of the poverty and restrictions of refugee camp life? Scott's chosen task is to teach them entrepreneurship. Where to start? The basis is empathy — digging deep to understand their situation, circumstances, and context, and understanding them as individuals and identifying their needs and wants. Language becomes critical — using concepts and examples they can relate to. It's contextually impractical to teach entrepreneurial finance in terms of bank loans and venture capital. But Scott can teach individual and family budgeting: how to calculate and manage income and expenditures, how to save, how to build up sufficient savings to make a capital purchase, and how to generate an income stream from that capital. The particular capital artifact may be a second cow for a head of household that uses the first one for feeding the family. The family has knowledge and skills in milking and animal husbandry that can be put to use in their new entrepreneurial business of selling milk and dairy products to other families, or bartering for other kinds of nourishment. Eventually, the family may advance to the use of micro-loans or other forms of micro-finance and expand their entrepreneurial holdings. Scott can now teach about the trust nexus of paying interest and paying back loans, and about return on investment and capital accumulation. Progress comes quickly as a result of starting in the right place. Entrepreneurial communities. One of Scott's realizations has been the power of entrepreneurial communities. In the refugee camps, family entrepreneurs collaborate, learn together, assist each other, and seek to raise the prospects of the entire community. Failure to pay back a loan, for example, would be a setback for the group, and group norms and institutions arise to guard against such a loss of trust. Scott sees direct application of this learning about normative entrepreneurial community action in other parts of the world, including rural communities here in North and Central America, and in the inner city initiative of Entrepreneur Zones in the US. By embedding entrepreneurship in culture, the collaborative service ethic emerges more clearly and emphatically. Additional Resources Enjoy Scott Livengood's book about the culture, concepts, and principles of entrepreneurship: The Startup Of Seinfeld: A Multimedia Approach to Learning Entrepreneurship: Mises.org/E4E_99_Book1 Read the work of Nobel prize-winner Edmund Phelps, mentioned in the podcast introduction, on Mass Flourishing (Mises.org/E4E_99_Book2) and economic Dynamism (Mises.org/E4E_99_Book3).

Why isn't everyone an entrepreneur? Perhaps we don't explain it well enough or in language that lets everyone in on the wonders and the thrills of the pursuit of new economic value. Scott Livengood chooses reframing — thinking in new and different ways about an established concept — to widen the audience for entrepreneurship. Reframing entrepreneurship in the context of popular culture. Scott recently published a multimedia e-book called The Startup of Seinfeld (Mises.org/E4E_99_Book1). In the book he articulates a comprehensive survey of concepts and principles of entrepreneurship, including the entrepreneurial mindset, risk and uncertainty, intellectual property, business models, planning, finance, and many more. The cultural frame Scott selected is everyday city life as illustrated by the characters and situations and market interactions in 180 episodes of Seinfeld. In Scott's hands, this is not a show about nothing, but about entrepreneurship. The multimedia approach is facilitated by a series of links in the e-book to YouTube video clips of short scenes from multiple Seinfeld episodes that are illustrative of entrepreneurial concepts and principles. You'll find the concepts of economic calculation, opportunity, product design, arbitrage, intellectual property, judgment, planning, uncertainty, and several more. The text accompanying the videos is an exposition of economic principles underlying these concepts. There's a lot to learn, and it's fun! A major point to take away is that entrepreneurship is everyday life: people imagining new ways to serve others and meet their needs, and employing design and economic calculation, judgment under uncertainty and marketing and communications to facilitate a valuable exchange. Reframing the teaching of entrepreneurship and strategy. The philosophy underpinning the teaching method in the e-book has been forged in the university classes and seminars that Scott teaches, and for which he prepares meticulously and conducts comparative research into learning and teaching effectiveness. He has found that embedding the principles of entrepreneurial economics and business strategy in cultural iconography illustrated via multimedia technology results in a significant increase in student engagement, participation, learning, and understanding. Humor, for example, is a language and a style that can draw students in, engage them at a deeper level of curiosity, and help to deliver the serious economic message. This kind of approach helps students think of entrepreneurship as more of a normal life choice for themselves — a life of creative problem-solving. Students can think about their ends and the means open to them in a different way. If they are inclined to “social entrepreneurship”, they can learn that that simply means a distinctive identification of ends, without any attempt to operate outside the profit-and-loss system of sound entrepreneurial practice. Reframing entrepreneurship for the disadvantaged. Scott's ultimate test for reframing entrepreneurship for a different audience in a different culture has been presented by his teaching for Education for Humanity. This is group associated with his university, Arizona State, and dedicated to helping displaced refugees. These students who are displaced from their homelands by war and conflict and find themselves in refugee camps in countries that are alien to them, like Uganda and Lebanon. Their prospects for further education are narrow. What are the pathways out of the poverty and restrictions of refugee camp life? Scott's chosen task is to teach them entrepreneurship. Where to start? The basis is empathy — digging deep to understand their situation, circumstances, and context, and understanding them as individuals and identifying their needs and wants. Language becomes critical — using concepts and examples they can relate to. It's contextually impractical to teach entrepreneurial finance in terms of bank loans and venture capital. But Scott can teach individual and family budgeting: how to calculate and manage income and expenditures, how to save, how to build up sufficient savings to make a capital purchase, and how to generate an income stream from that capital. The particular capital artifact may be a second cow for a head of household that uses the first one for feeding the family. The family has knowledge and skills in milking and animal husbandry that can be put to use in their new entrepreneurial business of selling milk and dairy products to other families, or bartering for other kinds of nourishment. Eventually, the family may advance to the use of micro-loans or other forms of micro-finance and expand their entrepreneurial holdings. Scott can now teach about the trust nexus of paying interest and paying back loans, and about return on investment and capital accumulation. Progress comes quickly as a result of starting in the right place. Entrepreneurial communities. One of Scott's realizations has been the power of entrepreneurial communities. In the refugee camps, family entrepreneurs collaborate, learn together, assist each other, and seek to raise the prospects of the entire community. Failure to pay back a loan, for example, would be a setback for the group, and group norms and institutions arise to guard against such a loss of trust. Scott sees direct application of this learning about normative entrepreneurial community action in other parts of the world, including rural communities here in North and Central America, and in the inner city initiative of Entrepreneur Zones in the US. By embedding entrepreneurship in culture, the collaborative service ethic emerges more clearly and emphatically. Additional Resources Enjoy Scott Livengood's book about the culture, concepts, and principles of entrepreneurship: The Startup Of Seinfeld: A Multimedia Approach to Learning Entrepreneurship: Mises.org/E4E_99_Book1 Read the work of Nobel prize-winner Edmund Phelps, mentioned in the podcast introduction, on Mass Flourishing (Mises.org/E4E_99_Book2) and economic Dynamism (Mises.org/E4E_99_Book3).

En la entrega pasada hablé del análisis empírico de Edmund Phelps demostrando la relación entre desarrollo económico e individual e innovación endógena, definida como “el deseo, la capacidad y aspiración a innovar” de los agentes económicos en general. Consciencia

飛碟聯播網《飛碟早餐 唐湘龍時間》2020.09.09 週三財經產業趨勢單元 總體經濟學家 吳嘉隆 《全球科技八巨頭GAFA ╳ BATH：一本書掌握最新產業趨勢，殺出未來活路》 ※主題：《全球科技八巨頭GAFA ╳ BATH：一本書掌握最新產業趨勢，殺出未來活路》/ 田中道昭 / 先覺出版 ※來賓：總體經濟學家 吳嘉隆 ◎內容介紹 世界上只有兩種公司……一種和這八巨頭有關，另一種和他們無關。改寫全球產業規則、牽動世界大局的八家企業：美國四騎士GAFA：Google、Apple、Facebook、Amazon，中國四巨頭BATH：百度、阿里巴巴、騰訊、華為。史無前例，兩兩分析比較，捉對廝殺。GAFA和BATH帶來的衝擊，沒有任何個人、公司或國家能置身事外。無論你是上班族、投資人、創業者或企業主，要找到未來的生存之道，都必須看懂這八家巨頭的策略布局！ 理解世界、討論我們的現在與未來，絕對無法不被GAFA和BATH所牽制，因為美中新冷戰時代，全球產業規則正由這八巨頭改寫！本書獨創「五因子分析」架構，融合《孫子兵法》與現代管理學觀點，全面分類拆解八巨頭競爭強項： Amazon vs. 阿里巴巴（電子商務起家） Apple vs. 華為（製造商起家） Facebook vs. 騰訊（社群網站起家） Google vs. 百度（搜尋服務起家） 另結合八張「道、天、地、將、法」戰略剖析圖表，讓你一書掌握GAFA和BATH迎戰世界的競存之道！暢銷作家田中道昭，結合「商學院教授 ╳ 上市企業董事 ╳ 行銷顧問」跨領域專業，以全面性的客觀視角，帶你養成嚴謹的商業思維，鍛鍊讀懂世界的視野，站在科技八巨頭的肩膀上，學習他們如何打造優勢、策動未來，並從中為自己和公司找出活路！ ◎作者介紹：田中道昭 畢業於上智大學、芝加哥大學經營研究所MBA，為立教大學商學院（商業設計研究所）教授。專業領域為企業策略、行銷策略與任務整合、領導策略。公認具有敏銳的分析能力，並擁有「大學教授 ╳ 上市企業董事 ╳ 行銷顧問」的獨特定位。 ◎來賓介紹：吳嘉隆 總體經濟學家，攻讀美國哥倫比亞大學經濟研究所博士班時，受教於2006年諾貝爾經濟學獎得主Edmund Phelps。現有志於推廣經濟與投資的普及教育，提升台灣投資人對現象的解讀能力。 ▶ 《飛碟早餐》FB粉絲團 https://www.facebook.com/ufobreakfast/ ▶ 飛碟聯播網FB粉絲團 https://www.facebook.com/ufonetwork921/ ▶ 網路線上收聽 http://www.uforadio.com.tw/stream/stream.html ▶ 飛碟APP，讓你收聽零距離 Android：https://reurl.cc/j78ZKm iOS：https://reurl.cc/ZOG3LA ▶ 飛碟Podcast SoundOn : https://bit.ly/30Ia8Ti Apple Podcasts : https://apple.co/3jFpP6x Spotify : https://spoti.fi/2CPzneD Google 播客：https://bit.ly/3gCTb3G #全球科技八巨頭 #田中道昭 #吳嘉隆 #唐湘龍

Das Coronavirus hat die Weltwirtschaft zum Erliegen gebracht. Es könnte aber auch Chancen bieten, meint Edmund Phelps. In "Wie tickt Amerika" spricht Sandra Navidi mit dem Nobelpreisträger darüber, wie Innovationen einen Weg aus der Krise weisen können. Sie haben Themenvorschläge? Schreiben Sie Sandra Navidi auf Twitter: twitter.com/SandraNavidi "Wie tickt Amerika" ist der ntv-Business-Podcast mit Sandra Navidi aus New York. Immer am ersten Freitag im Monat auf ntv.de und Audio Now.

Nobel Laureate Edmund Phelps says it would be good to try out higher interest rates and that reopening coal mines in the U.S. wouldn't send a good signal to the rest of the world. Prior to that, Jens Nordvig, CEO of Exante Data, says if U.S. tax reform doesn't happen in the coming months, the dollar may drift weaker. Finally, Krishna Memani, Oppenheimerfunds' chief investment officer, says the core of the Fed under Jay Powell won't be dramatically different than under Janet Yellen.  Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Nobel Laureate Edmund Phelps says it would be good to try out higher interest rates and that reopening coal mines in the U.S. wouldn't send a good signal to the rest of the world. Prior to that, Jens Nordvig, CEO of Exante Data, says if U.S. tax reform doesn't happen in the coming months, the dollar may drift weaker. Finally, Krishna Memani, Oppenheimerfunds' chief investment officer, says the core of the Fed under Jay Powell won't be dramatically different than under Janet Yellen. 

Edmund Phelps, winner of the 2006 Nobel Memorial Prize in Economic Sciences, says innovation is making workers more effective, but what they are producing is less valuable and that's why wages are falling. Alessio de Longis, portfolio manager at OppenheimerFunds, says he expects a modest bounce in emerging market growth. Stan Collender, executive vice president of Qorvis MSLGROUP, says the uncertainty coming out of Washington means there will be more talk of a government shutdown. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Edmund Phelps, winner of the 2006 Nobel Memorial Prize in Economic Sciences, says innovation is making workers more effective, but what they are producing is less valuable and that's why wages are falling. Alessio de Longis, portfolio manager at OppenheimerFunds, says he expects a modest bounce in emerging market growth. Stan Collender, executive vice president of Qorvis MSLGROUP, says the uncertainty coming out of Washington means there will be more talk of a government shutdown.

With equity markets in free fall, housing prices skipping downwards, foreign reserves plummeting and industrial production on a road trip back to the last decade, it's no surprise that permabears like Gordon Chang are stocking up on popcorn to bask in what they see as the long-due collapse of the Chinese economy. It all raises the question of how bad things are going to get, which leads to the question of how bad they are right now. Joining Kaiser Kuo, Jeremy Goldkorn and David Moser in the studio today to talk about the Chinese economy and its recent tailspin is none other than Tom Orlik, an economist at Bloomberg and author of the book Understanding China's Economic Indicators. Tom has years of experience writing about China and joins to share his thoughts on what parts of the economy are doing decently and where the real problems lie. Recommendations: Jeremy Goldkorn A People’s Friendship, by James Palmer http://www.chinafile.com/reporting-opinion/postcard/peoples-friendship David Moser Billionaires, by Darrel M West http://www.amazon.com/Billionaires-Reflections-Darrell-M-West/dp/0815725965 New Koch, by Jane Mayer http://www.newyorker.com/magazine/2016/01/25/new-koch Tom Orlik Outside Over There, by Maurice Sendak http://www.amazon.com/Outside-Over-There-Caldecott-Collection/dp/0064431851 The Adventures of Augie March, by Saul Bellow http://www.amazon.com/Adventures-Augie-March-Penguin-Classics/dp/0143039571 Kaiser Kuo Mass Flourishing, by Edmund Phelps http://www.amazon.com/Mass-Flourishing-Grassroots-Innovation-Challenge/dp/0691165793/

How do economies, and individuals, thrive? It's largely a matter of values and motivations, in the view of Nobel laureate Edmund Phelps. At this private Milken Institute event, presented in partnership with RAND Corporation, the renowned economist will offer a sweeping argument about what makes nations prosper and why those sources of affluence are in jeopardy. That argument fills the pages of Phelps' new book, "Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change." Phelps credits the Western world's prosperity to what he terms "modern" values, such as the desire to create, explore and meet challenges. That explosion of innovation and productivity gave rise to not only unprecedented wealth, but "flourishing"--meaningful work, self-expression and personal growth. Yet the West's vigor is waning, threatened, he believes, by the return of values that stifle individual aspirations. Phelps asks whether industrialized nations will recommit themselves to modernity, grassroots dynamism and widespread personal fulfillment, or will only a few in those societies flourish.

Edmund Phelps of Columbia University, Nobel Laureate in economics, and author of Mass Flourishing talks with EconTalk host Russ Roberts about the ideas in the book. Phelps argues that human flourishing requires challenges, struggles, and success and goes beyond material prosperity. He argues that in recent decades, policy has discouraged innovation and mass flourishing resulting in a slow-down in growth rates. Phelps emphasizes the non-material benefits of economic growth and the importance of small innovations over big inventions as key to that growth.

Edmund Phelps of Columbia University, Nobel Laureate in economics, and author of Mass Flourishing talks with EconTalk host Russ Roberts about the ideas in the book. Phelps argues that human flourishing requires challenges, struggles, and success and goes beyond material prosperity. He argues that in recent decades, policy has discouraged innovation and mass flourishing resulting in a slow-down in growth rates. Phelps emphasizes the non-material benefits of economic growth and the importance of small innovations over big inventions as key to that growth.

The RAND Distinguished Speaker Series presents Nobel-prize winning economist Edmund Phelps, who discusses the effect of corporatist values on innovation and creativity.

Agrees With Wizard Academy Headlines often tell the truth more powerfully than is completely accurate, a disturbing trend in this day of sound-bite news. The mental image conjured in the mind by the headline, “Nobel Prize-Winning Economist Agrees With Wizard Academy,” is one in which the Nobel Laureate (1.) is aware of Wizard Academy and (2.) makes a statement of affirmation regarding it. Neither of these things has happened. So how could the writer of that headline say such a thing? The Monday Morning Memo you received on July 29 was titled, http://mondaymemo.wpengine.com/newsletters/fortune-500-or-americas-591-million (Fortune's 500 or America's 5.91 Million?) Perhaps you remember reading it. In that memo I stated, The Fortune 500 are the newsmakers but they are not the backbone of the American economy. According to the U.S. Census, America is home to nearly 17 million sole proprietorships, plus an additional 5.91 million businesses with fewer than 100 employees. These 5.91 million are the backbone of the economy since they create more new jobs than all the other companies combined. The press will cheer for the giant with a spear but I sing for the boy with a sling. If the Fortune 500 suddenly vanished from the earth, a new group of giants would arise. But if America's 5.91 million businesses with fewer than 100 employees suddenly vanished from the earth, the fabric of our society would be shredded and democracy would be gone. Free enterprise doesn't depend on democracy. Democracy depends on free enterprise. On August 17, 2013, more than 2 weeks after that MondayMorningMemo appeared, Jeffrey Eisenberg sent a story from the August 17th New York Times in which the Sterling Professor of Economics at Yale, Robert J. Shiller, contemplated the newly-published worries of Edmund Phelps, the 2006 recipient of the Nobel Prize in the Economic Sciences. According to Shiller, “Professor Phelps discerns a troubling trend… He is worried about corporatism, a political philosophy in which economic activity is controlled by large interest groups or the government. Once corporatism takes hold in a society, he says, people don't adequately appreciate the contributions and the travails of individuals who create and innovate. An economy with a corporatist culture can copy and even outgrow others for a while, he says, but, in the end, it will always be left behind. Only an entrepreneurial culture can lead.” I'm not suggesting that Phelps or Shiller was influenced by what I wrote. In fact, I'm reasonably certain they've never heard of me. But I do feel I'm well within the mark to say both men agree with me. Phelps is worried about corporatism. Me? I'm worried about a disturbing trend toward overstated sound bites. I gave today's memo a reckless headline to underscore my point, but better examples are all around us. A recent story boasted the headline, “Right Brain, Left Brain? Scientists Debunk Popular Theory.” Google it and you'll find dozens of variations of that story reposted by online parrots who never pause to contemplate what they hear before squawking it to all the world. Invest 3 minutes to actually read that story and you'll find the headline to be false and misleading to the point of absurdity. The discovery for which Dr. Roger Sperry won the 1981 Nobel Prize in Physiology stands as tall and proud as ever. Here's a direct quote from the story that supposedly ‘debunks' Dr. Sperry's findings: “‘It's absolutely true that some brain functions occur in one or the other side of the brain,' explained Jeff Anderson, M.D., Ph.D., lead author of the study. ‘Language tends to be on the left, attention more on the right. But people don't tend to have a stronger left- or right-sided brain network. It seems to be determined more connection by connection.'” Dig into that study by Dr. Anderson and you'll find he merely summarizes what we've always...

Dr. Edmund Phelps, Nobel Laureate and Professor of Political Economy at Columbia University-The public debts are an economic threat that will grow if left unchecked Call 800-388-9700 for a free copy of the study, “The Slump, The Recovery And The New Normal"

Nobel Laureate Edmund Phelps of Columbia University talks with EconTalk host Russ Roberts about the market for labor, unemployment, and the evolution of macroeconomics over the past century. The conversation begins with a discussion of Phelps's early contributions to the understanding of unemployment and the importance of imperfect information. Phelps put his contribution into the context of the evolution of macroeconomics showing how his models were related to those of Keynes, the Austrian School, and rational expectations. The conversation then turns to the issue of whether macroeconomics is making progress, particularly in understanding business cycles. The discussion concludes with the satisfactions of work and the role of creativity and dynamism.

Nobel Laureate Edmund Phelps of Columbia University talks with EconTalk host Russ Roberts about the market for labor, unemployment, and the evolution of macroeconomics over the past century. The conversation begins with a discussion of Phelps's early contributions to the understanding of unemployment and the importance of imperfect information. Phelps put his contribution into the context of the evolution of macroeconomics showing how his models were related to those of Keynes, the Austrian School, and rational expectations. The conversation then turns to the issue of whether macroeconomics is making progress, particularly in understanding business cycles. The discussion concludes with the satisfactions of work and the role of creativity and dynamism.