Fully Grown
Fully Grown

Author: Dietrich Vollrath

Publisher: University of Chicago Press

Published: 2022-06-24

Total Pages: 273

ISBN-13: 0226820041

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Vollrath challenges our long-held assumption that growth is the best indicator of an economy’s health. Most economists would agree that a thriving economy is synonymous with GDP growth. The more we produce and consume, the higher our living standard and the more resources available to the public. This means that our current era, in which growth has slowed substantially from its postwar highs, has raised alarm bells. But should it? Is growth actually the best way to measure economic success—and does our slowdown indicate economic problems? The counterintuitive answer Dietrich Vollrath offers is: No. Looking at the same facts as other economists, he offers a radically different interpretation. Rather than a sign of economic failure, he argues, our current slowdown is, in fact, a sign of our widespread economic success. Our powerful economy has already supplied so much of the necessary stuff of modern life, brought us so much comfort, security, and luxury, that we have turned to new forms of production and consumption that increase our well-being but do not contribute to growth in GDP. In Fully Grown, Vollrath offers a powerful case to support that argument. He explores a number of important trends in the US economy: including a decrease in the number of workers relative to the population, a shift from a goods-driven economy to a services-driven one, and a decline in geographic mobility. In each case, he shows how their economic effects could be read as a sign of success, even though they each act as a brake of GDP growth. He also reveals what growth measurement can and cannot tell us—which factors are rightly correlated with economic success, which tell us nothing about significant changes in the economy, and which fall into a conspicuously gray area. Sure to be controversial, Fully Grown will reset the terms of economic debate and help us think anew about what a successful economy looks like.

Essays on a Mature Economy: Britain After 1840
Essays on a Mature Economy: Britain After 1840

Author: Deirdre McCloskey

Publisher: Routledge

Published: 2013-11-05

Total Pages: 468

ISBN-13: 1136586784

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These unique papers were originally read at a conference on the new economic history of Britain at Harvard in 1970, and each is accompanied by a summary of the discussion that followed it. The participants of the conference represented a broad range of scholars from both sides of the Atlantic. The first eleven papers deal with a variety of topics covering a period from 1840 to the 1920s. They focus on the performance of the British economy, and especially its businessmen, during the time of Britain's industrial maturity and relative decline. The papers and discussions reached a novel conclusion tha, contrary to commonly held opinion, the British economy performed well and that British businessmen were not lacking in entrepreneurial vigour compared with their German or American counterparts. But even more important for British historiography than this finding was the demonstration that economic and statistical methods can be applied successfully to the study of economic history. The papers in the concluding section discuss the origins and development of the new economic history and show that, as a substantial supplement to work along more traditional lines, its methods and application are both desirable and possible. This collection serves as an interesting report of research into a key period in British history, and also as a useful introductory account of the new economic history in the United Kingdom. This book was first published in 1971.

Essays on a Mature Economy
Essays on a Mature Economy

Author: Donald N. McCloskey

Publisher: Princeton University Press

Published: 2015-03-08

Total Pages: 456

ISBN-13: 140087016X

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Debating the promises and limits of the "new economic history," seventeen economists and economic historians look at Great Britain, from the peak of her industrial dominance in 1840 to her eclipse by the surging economies of Germany and the United States. Their discussion brings a new methodological challenge to the field of economic history and a new interpretation of the British economy in the nineteenth and early twentieth centuries. Originally published in 1972. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

The Dark Side of Valuation
The Dark Side of Valuation

Author: Aswath Damodaran

Publisher: FT Press

Published: 2009-06-19

Total Pages: 604

ISBN-13: 0137036558

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Renowned valuation expert Aswath Damodaran reviews the core tools of valuation, examines today’s most difficult estimation questions and issues, and then systematically addresses the valuation challenges that arise throughout a firm’s lifecycle in The Dark Side of Valuation: Valuing Young, Distressed and Complex Businesses. In this thoroughly revised edition, he broadens his perspective to consider all companies that resist easy valuation, highlighting specific types of hard-to-value firms, including commodity firms, cyclical companies, financial services firms, organizations dependent on intangible assets, and global firms operating diverse businesses. He covers the entire corporate lifecycle, from “idea” and “nascent growth” companies to those in decline and distress, and offers specific guidance for valuing technology, human capital, commodity, and cyclical firms. ·

Why Startups Fail
Why Startups Fail

Author: Tom Eisenmann

Publisher: Currency

Published: 2021-03-30

Total Pages: 368

ISBN-13: 0593137035

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If you want your startup to succeed, you need to understand why startups fail. “Whether you’re a first-time founder or looking to bring innovation into a corporate environment, Why Startups Fail is essential reading.”—Eric Ries, founder and CEO, LTSE, and New York Times bestselling author of The Lean Startup and The Startup Way Why do startups fail? That question caught Harvard Business School professor Tom Eisenmann by surprise when he realized he couldn’t answer it. So he launched a multiyear research project to find out. In Why Startups Fail, Eisenmann reveals his findings: six distinct patterns that account for the vast majority of startup failures. • Bad Bedfellows. Startup success is thought to rest largely on the founder’s talents and instincts. But the wrong team, investors, or partners can sink a venture just as quickly. • False Starts. In following the oft-cited advice to “fail fast” and to “launch before you’re ready,” founders risk wasting time and capital on the wrong solutions. • False Promises. Success with early adopters can be misleading and give founders unwarranted confidence to expand. • Speed Traps. Despite the pressure to “get big fast,” hypergrowth can spell disaster for even the most promising ventures. • Help Wanted. Rapidly scaling startups need lots of capital and talent, but they can make mistakes that leave them suddenly in short supply of both. • Cascading Miracles. Silicon Valley exhorts entrepreneurs to dream big. But the bigger the vision, the more things that can go wrong. Drawing on fascinating stories of ventures that failed to fulfill their early promise—from a home-furnishings retailer to a concierge dog-walking service, from a dating app to the inventor of a sophisticated social robot, from a fashion brand to a startup deploying a vast network of charging stations for electric vehicles—Eisenmann offers frameworks for detecting when a venture is vulnerable to these patterns, along with a wealth of strategies and tactics for avoiding them. A must-read for founders at any stage of their entrepreneurial journey, Why Startups Fail is not merely a guide to preventing failure but also a roadmap charting the path to startup success.

Waste to Wealth
Waste to Wealth

Author: Peter Lacy

Publisher: Springer

Published: 2016-04-30

Total Pages: 265

ISBN-13: 1137530707

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Waste to Wealth proves that 'green' and 'growth' need not be binary alternatives. The book examines five new business models that provide circular growth from deploying sustainable resources to the sharing economy before setting out what business leaders need to do to implement the models successfully.