Mit And The Transformation Of American Economics

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MIT and the Transformation of American Economics

Author : E. Roy Weintraub
Publisher :
ISBN 13 : 9780822368120
Total Pages : 0 pages
Book Rating : 4.3/5 (681 download)

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Book Synopsis MIT and the Transformation of American Economics by : E. Roy Weintraub

Download or read book MIT and the Transformation of American Economics written by E. Roy Weintraub and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: MIT and the Transformation of American Economics seeks to remedy the historians' neglect of the influential and luminary economics department at the Massachusetts Institute of Technology. The department, bolstered by an influx of innovative young scholars, was one of the most distinguished research economics departments in North America by the late 1950s. In another decade it would become the most highly regarded economics department in the world. This volume documents the history of this process and the ways in which MIT's rise to prominence coincided with the remarkable transformation of American economics in the postwar period. Many developments influenced this history: the Keynesian revolution, the emergent technical nature of economics, the Cold War, the international hold of American economics, the GI Bill, and MIT's openness to Jewish economists.

The Work of the Future

Author : David H. Autor
Publisher : MIT Press
ISBN 13 : 0262367742
Total Pages : 189 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis The Work of the Future by : David H. Autor

Download or read book The Work of the Future written by David H. Autor and published by MIT Press. This book was released on 2022-06-21 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why the United States lags behind other industrialized countries in sharing the benefits of innovation with workers and how we can remedy the problem. The United States has too many low-quality, low-wage jobs. Every country has its share, but those in the United States are especially poorly paid and often without benefits. Meanwhile, overall productivity increases steadily and new technology has transformed large parts of the economy, enhancing the skills and paychecks of higher paid knowledge workers. What’s wrong with this picture? Why have so many workers benefited so little from decades of growth? The Work of the Future shows that technology is neither the problem nor the solution. We can build better jobs if we create institutions that leverage technological innovation and also support workers though long cycles of technological transformation. Building on findings from the multiyear MIT Task Force on the Work of the Future, the book argues that we must foster institutional innovations that complement technological change. Skills programs that emphasize work-based and hybrid learning (in person and online), for example, empower workers to become and remain productive in a continuously evolving workplace. Industries fueled by new technology that augments workers can supply good jobs, and federal investment in R&D can help make these industries worker-friendly. We must act to ensure that the labor market of the future offers benefits, opportunity, and a measure of economic security to all.

The Sharing Economy

Author : Arun Sundararajan
Publisher : MIT Press
ISBN 13 : 0262034573
Total Pages : 255 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis The Sharing Economy by : Arun Sundararajan

Download or read book The Sharing Economy written by Arun Sundararajan and published by MIT Press. This book was released on 2016-05-13 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: The wide-ranging implications of the shift to a sharing economy, a new model of organizing economic activity that may supplant traditional corporations.

The Economics of Contemporary Latin America

Author : Beatriz Armendariz
Publisher : MIT Press
ISBN 13 : 0262337878
Total Pages : 461 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis The Economics of Contemporary Latin America by : Beatriz Armendariz

Download or read book The Economics of Contemporary Latin America written by Beatriz Armendariz and published by MIT Press. This book was released on 2017-05-05 with total page 461 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analysis of Latin America's economy focusing on development, covering the colonial roots of inequality, boom and bust cycles, labor markets, and fiscal and monetary policy. Latin America is richly endowed with natural resources, fertile land, and vibrant cultures. Yet the region remains much poorer than its neighbors to the north. Most Latin American countries have not achieved standards of living and stable institutions comparable to those found in developed countries, have experienced repeated boom-bust cycles, and remain heavily reliant on primary commodities. This book studies the historical roots of Latin America's contemporary economic and social development, focusing on poverty and income inequality dating back to colonial times. It addresses today's legacies of the market-friendly reforms that took hold in the 1980s and 1990s by examining successful stabilizations and homemade monetary and fiscal institutional reforms. It offers a detailed analysis of trade and financial liberalization, twenty–first century-growth, and the decline in poverty and income inequality. Finally, the book offers an overall analysis of inclusive growth policies for development—including gender issues and the informal sector—and the challenges that lie ahead for the region, with special attention to pressing demands by the vibrant and vocal middle class, youth unemployment, and indigenous populations.

Economics of Knowledge

Author : Dominique Foray
Publisher : MIT Press
ISBN 13 : 9780262062398
Total Pages : 298 pages
Book Rating : 4.0/5 (623 download)

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Book Synopsis Economics of Knowledge by : Dominique Foray

Download or read book Economics of Knowledge written by Dominique Foray and published by MIT Press. This book was released on 2004 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: With a farm of pigs as his abacus, Arthur Geisert uses elements of a search and count game to bring Roman numerals to life in this unintimidating math-concept book. First, the seven Roman numerals are equated with the correct number of piglets. Then the reader may practice counting other items—hot-air balloons, gopher holes, and more—as the remarkable adventure unfolds. (And yes, there are one thousand pigs in the etching for M!)

American Technological Sublime

Author : David E. Nye
Publisher : MIT Press
ISBN 13 : 9780262640343
Total Pages : 388 pages
Book Rating : 4.6/5 (43 download)

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Book Synopsis American Technological Sublime by : David E. Nye

Download or read book American Technological Sublime written by David E. Nye and published by MIT Press. This book was released on 1996-02-28 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: American Technological Sublime continues the exploration of the social construction of technology that David Nye began in his award-winning book Electrifying America. Here Nye examines the continuing appeal of the "technological sublime" (a term coined by Perry Miller) as a key to the nation's history, using as examples the natural sites, architectural forms, and technological achievements that ordinary people have valued intensely. Technology has long played a central role in the formation of Americans' sense of selfhood. From the first canal systems through the moon landing, Americans have, for better or worse, derived unity from the common feeling of awe inspired by large-scale applications of technological prowess. American Technological Sublime continues the exploration of the social construction of technology that David Nye began in his award-winning book Electrifying America. Here Nye examines the continuing appeal of the "technological sublime" (a term coined by Perry Miller) as a key to the nation's history, using as examples the natural sites, architectural forms, and technological achievements that ordinary people have valued intensely. American Technological Sublime is a study of the politics of perception in industrial society. Arranged chronologically, it suggests that the sublime itself has a history - that sublime experiences are emotional configurations that emerge from new social and technological conditions, and that each new configuration to some extent undermines and displaces the older versions. After giving a short history of the sublime as an aesthetic category, Nye describes the reemergence and democratization of the concept in the early nineteenth century as an expression of the American sense of specialness. What has filled the American public with wonder, awe, even terror? David Nye selects the Grand Canyon, Niagara Falls, the eruption of Mt. St. Helens, the Erie Canal, the first transcontinental railroad, Eads Bridge, Brooklyn Bridge, the major international expositions, the Hudson-Fulton Celebration of 1909, the Empire State Building, and Boulder Dam. He then looks at the atom bomb tests and the Apollo mission as examples of the increasing ambivalence of the technological sublime in the postwar world. The festivities surrounding the rededication of the Statue of Liberty in 1986 become a touchstone reflecting the transformation of the American experience of the sublime over two centuries. Nye concludes with a vision of the modern-day "consumer sublime" as manifested in the fantasy world of Las Vegas.

Out of the Crisis, reissue

Author : W. Edwards Deming
Publisher : MIT Press
ISBN 13 : 0262350033
Total Pages : 450 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis Out of the Crisis, reissue by : W. Edwards Deming

Download or read book Out of the Crisis, reissue written by W. Edwards Deming and published by MIT Press. This book was released on 2018-10-16 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: The classic and deeply influential work on business management, leadership, problem solving, and quality control—based on Denning’s famous 14 Points for Management. Now reissued for the managers and leaders of today! Translated into 12 languages and continuously in print since its original publication in 1982, this highly influential framework presents the foundations for a completely transformational way to lead and manage people, processes, and resources. According to Deming, American company management’s failure to plan for the future brings about loss of market, which brings about loss of jobs. Management must be judged not only by the quarterly dividend, but by innovative plans to: • Stay in business • Protect investment • Ensure future dividends • Provide more jobs through improved product and service In simple, direct language, Deming explains the principles of management transformation and how to apply them. This edition includes a foreword by Deming’s grandson, Kevin Edwards Cahill, and Kelly Allan, business consultant and Deming expert.

The American Political Economy

Author : Jacob S. Hacker
Publisher : Cambridge University Press
ISBN 13 : 1316516369
Total Pages : 487 pages
Book Rating : 4.3/5 (165 download)

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Book Synopsis The American Political Economy by : Jacob S. Hacker

Download or read book The American Political Economy written by Jacob S. Hacker and published by Cambridge University Press. This book was released on 2021-11-11 with total page 487 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing together leading scholars, the book provides a revealing new map of the US political economy in cross-national perspective.

Solar Revolution

Author : Travis Bradford
Publisher : MIT Press
ISBN 13 : 0262261928
Total Pages : 255 pages
Book Rating : 4.2/5 (622 download)

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Book Synopsis Solar Revolution by : Travis Bradford

Download or read book Solar Revolution written by Travis Bradford and published by MIT Press. This book was released on 2008-09-26 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: An innovative analysis that shows how the shift to solar energy—in particular, the use of photovoltaic cells—is both economically advantageous and inevitable, and will rival the information and communication technologies revolution in its transformative effects. In Solar Revolution, fund manager and former corporate buyout specialist Travis Bradford argues—on the basis of standard business and economic forecasting models—that over the next two decades solar energy will increasingly become the best and cheapest choice for most electricity and energy applications. Solar Revolution outlines the path by which the transition to solar technology and sustainable energy practices will occur. Developments in the photovoltaic (PV) industry over the last ten years have made direct electricity generation from PV cells a cost-effective and feasible energy solution, despite the common view that PV technology appeals only to a premium niche market. Bradford shows that PV electricity today has become the choice of hundreds of thousands of mainstream homeowners and businesses in many markets worldwide, including Japan, Germany, and the American Southwest. Solar energy will eventually be the cheapest source of energy in nearly all markets and locations because PV can bypass the aging and fragile electricity grid and deliver its power directly to the end user, fundamentally changing the underlying economics of energy. As the scale of PV production increases and costs continue to decline at historic rates, demand for PV electricity will outpace supply of systems for years to come. Ultimately, the shift from fossil fuels to solar energy will take place not because solar energy is better for the environment or energy security, or because of future government subsidies or as yet undeveloped technology. The solar revolution is already occurring through decisions made by self-interested energy users. The shift to solar energy is inevitable and will be as transformative as the last century's revolutions in information and communication technologies.

Inside the Ford-UAW Transformation

Author : Joel Cutcher-Gershenfeld
Publisher : MIT Press
ISBN 13 : 0262029162
Total Pages : 409 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis Inside the Ford-UAW Transformation by : Joel Cutcher-Gershenfeld

Download or read book Inside the Ford-UAW Transformation written by Joel Cutcher-Gershenfeld and published by MIT Press. This book was released on 2015-05-01 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: How the partnership between Ford and the UAW, forged through more than fifty pivotal events, transformed their capacity to combine good jobs with high performance. In 2009, the Ford Motor Company was the only one of the Big Three automakers not to take the federal bailout package. How did Ford remain standing when its competitors were brought to their knees? It was a gutsy decision, but it didn't happen in isolation. The United Auto Workers joined with Ford to make this possible—not only in 2009, but in a series of more than fifty pivotal events during three decades that add up to a transformation that simultaneously values work and delivers results. The pivotal events—some planned and some unplanned; some at the facility level and some at the enterprise level –were not all successful. All had the potential, however, to further the transformation, and all provide insight into how large-scale system change really happens. The authors—each with years of experience with Ford, the UAW, and the industry—provide an unprecedented inside look at how core operating assumptions are shifted and at the emergence of integrated operating systems for quality, safety, and other aspects of the enterprise. It is a transformation built on a foundation of dignity and mutual respect, guided by a vision of combining good jobs with high performance.

Global Trade and Conflicting National Interests

Author : Ralph E. Gomory
Publisher : MIT Press
ISBN 13 : 0262545802
Total Pages : 216 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis Global Trade and Conflicting National Interests by : Ralph E. Gomory

Download or read book Global Trade and Conflicting National Interests written by Ralph E. Gomory and published by MIT Press. This book was released on 2022-06-07 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ralph Gomory and William Baumol adapt classical trade models to the modern world economy. In this book Ralph Gomory and William Baumol adapt classical trade models to the modern world economy. Trade today is dominated by manufactured goods, rapidly moving technology, and huge firms that benefit from economies of scale. This is very different from the largely agricultural world in which the classical theories originated. Gomory and Baumol show that the new and significant conflicts resulting from international trade are inherent in modern economies.Today improvement in one country's productive capabilities is often attainable only at the expense of another country's general welfare. The authors describe why and when this is so and why, in a modern free-trade environment, a country might have a vital stake in the competitive strength of its industries.

America's Assembly Line

Author : David E. Nye
Publisher : MIT Press
ISBN 13 : 0262018713
Total Pages : 353 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis America's Assembly Line by : David E. Nye

Download or read book America's Assembly Line written by David E. Nye and published by MIT Press. This book was released on 2013-02-15 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Model T to today's "lean manufacturing": the assembly line as crucial, yet controversial, agent of social and economic transformation. The mechanized assembly line was invented in 1913 and has been in continuous operation ever since. It is the most familiar form of mass production. Both praised as a boon to workers and condemned for exploiting them, it has been celebrated and satirized. (We can still picture Chaplin's little tramp trying to keep up with a factory conveyor belt.) In America's Assembly Line, David Nye examines the industrial innovation that made the United States productive and wealthy in the twentieth century. The assembly line—developed at the Ford Motor Company in 1913 for the mass production of Model Ts—first created and then served an expanding mass market. It also transformed industrial labor. By 1980, Japan had reinvented the assembly line as a system of “lean manufacturing”; American industry reluctantly adopted the new approach. Nye describes this evolution and the new global landscape of increasingly automated factories, with fewer industrial jobs in America and questionable working conditions in developing countries. A century after Ford's pioneering innovation, the assembly line continues to evolve toward more sustainable manufacturing.

In 100 Years

Author : Ignacio Palacios-Huerta
Publisher : MIT Press
ISBN 13 : 0262026910
Total Pages : 211 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis In 100 Years by : Ignacio Palacios-Huerta

Download or read book In 100 Years written by Ignacio Palacios-Huerta and published by MIT Press. This book was released on 2013 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, ten prominent economists—including Nobel laureates and several likely laureates—offer their ideas about what the future might hold in 100 years. This pithy and engaging volume shows that economists may be better equipped to predict the future than science fiction writers. Economists' ideas, based on both theory and practice, reflect their knowledge of the laws of human interactions as well as years of experimentation and reflection. Although perhaps not as screenplay-ready as a work of fiction, these economists' predictions are ready for their close-ups. In this book, ten prominent economists—including Nobel laureates and several likely laureates—offer their ideas about the world of the twenty-second century. In scenarios that range from the optimistic to the guardedly gloomy, these thinkers consider such topics as the transformation of work and wages, the continuing increase in inequality, the economic rise of China and India, the endlessly repeating cycle of crisis and (projected) recovery, the benefits of technology, the economic consequences of political extremism, and the long-range effects of climate change. For example, 2013 Nobelist Robert Shiller provides an innovative view of future risk management methods using information technology; and Martin Weitzman raises the intriguing but alarming possibility of using geoengineering techniques to mitigate the inevitable effects of climate change. Contributors Daron Acemoglu, Angus Deaton, Avinash K. Dixit, Edward L. Glaeser, Andreu Mas-Colell, John E. Roemer, Alvin E. Roth, Robert J. Shiller, Robert M. Solow, Martin L. Weitzman

Revolution in Higher Education

Author : Richard A. Demillo
Publisher : MIT Press
ISBN 13 : 0262533618
Total Pages : 357 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis Revolution in Higher Education by : Richard A. Demillo

Download or read book Revolution in Higher Education written by Richard A. Demillo and published by MIT Press. This book was released on 2017-03-03 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: A report from the front lines of higher education and technology that chronicles efforts to transform teaching, learning, and opportunity. Colleges and universities have become increasingly costly, and, except for a handful of highly selective, elite institutions, unresponsive to twenty-first-century needs. But for the past few years, technology-fueled innovation has begun to transform higher education, introducing new ways to disseminate knowledge and better ways to learn—all at lower cost. In this impassioned account, Richard DeMillo tells the behind-the-scenes story of these pioneering efforts and offers a roadmap for transforming higher education. Building on his earlier book, Abelard to Apple, DeMillo argues that the current system of higher education is clearly unsustainable. Colleges and universities are in financial crisis. Tuition rises inexorably. Graduates of reputable schools often fail to learn basic skills, and many cannot find suitable jobs. Meanwhile, student-loan default rates have soared while the elite Ivy and near-Ivy schools seem remote and irrelevant. Where are the revolutionaries who can save higher education? DeMillo's heroes are a small band of innovators who are bringing the revolution in technology to colleges and universities. DeMillo chronicles, among other things, the invention of MOOCs (Massive Open Online Courses) by professors at Stanford and MIT; Salman Khan's Khan Academy; the use of technology by struggling historically black colleges and universities to make learning more accessible; and the latest research on learning and the brain. He describes the revolution's goals and the entrenched hierarchical system it aims to overthrow; and he reframes the nature of the contract between society and its universities. The new institutions of a transformed higher education promise to demonstrate not only that education has value but also that it has values—virtues for the common good.

How Economics Became a Mathematical Science

Author : E. Roy Weintraub
Publisher : Duke University Press
ISBN 13 : 0822383802
Total Pages : 329 pages
Book Rating : 4.8/5 (223 download)

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Book Synopsis How Economics Became a Mathematical Science by : E. Roy Weintraub

Download or read book How Economics Became a Mathematical Science written by E. Roy Weintraub and published by Duke University Press. This book was released on 2002-05-28 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: In How Economics Became a Mathematical Science E. Roy Weintraub traces the history of economics through the prism of the history of mathematics in the twentieth century. As mathematics has evolved, so has the image of mathematics, explains Weintraub, such as ideas about the standards for accepting proof, the meaning of rigor, and the nature of the mathematical enterprise itself. He also shows how economics itself has been shaped by economists’ changing images of mathematics. Whereas others have viewed economics as autonomous, Weintraub presents a different picture, one in which changes in mathematics—both within the body of knowledge that constitutes mathematics and in how it is thought of as a discipline and as a type of knowledge—have been intertwined with the evolution of economic thought. Weintraub begins his account with Cambridge University, the intellectual birthplace of modern economics, and examines specifically Alfred Marshall and the Mathematical Tripos examinations—tests in mathematics that were required of all who wished to study economics at Cambridge. He proceeds to interrogate the idea of a rigorous mathematical economics through the connections between particular mathematical economists and mathematicians in each of the decades of the first half of the twentieth century, and thus describes how the mathematical issues of formalism and axiomatization have shaped economics. Finally, How Economics Became a Mathematical Science reconstructs the career of the economist Sidney Weintraub, whose relationship to mathematics is viewed through his relationships with his mathematician brother, Hal, and his mathematician-economist son, the book’s author.

Routledge Handbook of Industry and Development

Author : John Weiss
Publisher : Routledge
ISBN 13 : 1136698922
Total Pages : 620 pages
Book Rating : 4.1/5 (366 download)

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Book Synopsis Routledge Handbook of Industry and Development by : John Weiss

Download or read book Routledge Handbook of Industry and Development written by John Weiss and published by Routledge. This book was released on 2015-09-16 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Routledge Handbook of Industry and Development is a global overview of industrialisation. Each chapter will provide readers with contemporary insights into this this essential aspect of economic development. Industrialisation has been at the forefront of discussion on economic development since the earliest days of development economics. But over the last fifty years, the manufacturing sectors of different countries and regions have grown at strikingly different rates. In 1960 developing countries took a very small share of global manufacturing production. Today the position had changed radically with fast growth of manufacturing in many parts of what was originally the developing world, particularly in China and the rest of East Asia. On the other hand, countries in Africa and parts of Latin America have been largely left behind by this process of industrialisation. This volume aims to illuminate this uneven development and takes stock of the current issues that hinder and support industrialisation in low and middle income economies. This Handbook is a collection of chapters on different aspects of industrialisation experience in a range of countries. Key themes include, the role of manufacturing in growth, the nature of structural change at different stages of development, the role of manufacturing in employment creation, alternative options for trade and industrial policy, the key role of technology and technical change, and the impact of globalisation and the spread of global value chains and foreign direct investment on prospects for industrialisation. Several chapters discuss individual country experiences with examples from India, Mexico, South Africa and Tanzania, as well as an overview of African industrialisation. This authoritative Handbook will be a key reference source for those studying or wishing to understand contemporary economic development. Offering inspiration and direction for future research, this landmark volume will be of crucial importance to all development economics scholars and researchers.

Production in the Innovation Economy

Author : Richard M. Locke
Publisher : MIT Press
ISBN 13 : 0262319136
Total Pages : 287 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis Production in the Innovation Economy by : Richard M. Locke

Download or read book Production in the Innovation Economy written by Richard M. Locke and published by MIT Press. This book was released on 2014-01-03 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reports from an ambitious MIT research project that makes the case for encouraging the colocation of manufacturing and innovation. Production in the Innovation Economy emerges from several years of interdisciplinary research at MIT on the links between manufacturing and innovation in the United States and the world economy. Authors from political science, economics, business, employment and operations research, aeronautics and astronautics, and nuclear engineering come together to explore the extent to which manufacturing is key to an innovative and vibrant economy. Chapters include survey research on gaps in worker skill development and training; discussions of coproduction with Chinese firms and participation in complex manufacturing projects in China; analyses of constraints facing American start-up firms involved in manufacturing; proposals for a future of distributed manufacturing and a focus on product variety as a marker of innovation; and forecasts of powerful advanced manufacturing technologies on the horizon. The chapters show that although the global distribution of manufacturing is not an automatic loss for the United States, gains from the colocation of manufacturing and innovation have not disappeared. The book emphasizes public policy that encourages colocation through, for example, training programs, supplements to private capital, and interfirm cooperation in industry consortia. Such approaches can help the United States not only to maintain manufacturing capacity but also, crucially, to maximize its innovative potential. Contributors Joyce Lawrence, Richard K. Lester, Richard M. Locke, Florian Metzler, Jonas Nahm, Paul Osterman, Elisabeth B. Reynolds, Donald B. Rosenfeld, Hiram M. Samel, Sanjay E. Sarma, Edward S. Steinfeld, Andrew Weaver, Rachel L. Wellhausen, Olivier de Weck