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03918aam a2200409 i 4500 001 AD8934A0136211EB81CB539552ECA4DB 003 SILO 005 20201021010010 008 200421t20202020mauab g b 001 0 eng 010 $a 2020012326 020 $a 1647820065 020 $a 9781647820060 035 $a (OCoLC)1138679569 040 $a MH/DLC $b eng $e rda $c DLC $d OCLCO $d OCLCF $d IAD $d SO$ $d JAS $d YDX $d IOU $d SILO 042 $a pcc 043 $a n-us--- 050 00 $a HB501 $b .M513 2020 082 00 $a 330.973 $2 23 100 1 $a Martin, Roger L., $e author. 245 10 $a When more is not better : $b overcoming America's obsession with economic efficiency / $c Roger L. Martin. 246 30 $a Overcoming America's obsession with economic efficiency 264 1 $a Boston, Massachusetts : $b Harvard Business Review Press, $c [2020] 300 $a x, 243 pages : $b illustrations, map ; $c 25 cm 504 $a Includes bibliographical references and index. 505 0 $a Introduction: A system out of balance -- Part One. Problem: The American economy as an efficient machine -- The chain of imperfection -- Towards a Pareto economy -- The American economy as a natural system -- Part Two. Solutions: Achieving balance in America's natural system -- An agenda for business executives -- An agenda for political leaders -- An agenda for educators -- An agenda for citizens -- Closing thoughts. 520 $a "American democratic capitalism is in danger. How can we save it? For its first 200 years, the American economy exhibited truly impressive performance. The combination of democratically elected governments and a capitalist system worked, with ever-increasing levels of efficiency, spurred by division of labor, international trade, and scientific management of companies. By the nation's bicentenary in 1976, the American economy was the envy of the world. But since then, outcomes have changed dramatically. Growth in the economic prosperity of the average American family has slowed to a crawl, while the wealth of the richest Americans has grown to a level never seen before. This imbalance threatens the American democratic capitalist system, which only works when the average family benefits enough to keep voting for it. In this bracing yet constructive book, world-renowned business thinker Roger Martin starkly outlines the fundamental problem: we have treated the economy as a machine for which the pursuit of ever-greater efficiency is considered an inherently good thing. But it has become too much of a good thing. Our obsession with efficiency has inadvertently shifted the shape of our economic outcomes: from a large middle class and smaller numbers of rich and poor (think of a bell-shaped curve) to a greater share of benefits accruing to a thin tail of already rich Americans (a Pareto distribution). We must stop treating the economy as a perfectible machine, Martin argues, and shift toward viewing it as a complex adaptive system in which we must seek a fundamental balance of efficiency with resilience. To achieve this, we need to keep in mind the whole while working on the component parts; pursue improvement, not perfection; and relentlessly tweak instead of attempting to find permanent solutions. Filled with keen economic insight and advice for citizens, executives, policymakers, and educators, When More Is Not Better is the must-read guide for saving democratic capitalism"-- $c Provided by publisher. 650 0 $a Capitalism $z United States. 650 0 $a Distribution (Economic theory) 650 0 $a Industrial efficiency $z United States. 651 0 $a United States $x Economic conditions $y 1945- 941 $a 4 952 $l PQAX094 $d 20231214042158.0 952 $l UNUX074 $d 20210701010701.0 952 $l GDPF771 $d 20201027010258.0 952 $l BAPH771 $d 20201021010027.0 956 $a http://locator.silo.lib.ia.us/search.cgi?index_0=id&term_0=AD8934A0136211EB81CB539552ECA4DB 994 $a C0 $b IOUInitiate Another SILO Locator Search