One of Israel’s most successful venture capitalists uses the words and actions of the Hebrew patriarchs to lay the foundations for a modern growth economy based on timeless business principles and values. Entrepreneurs, businessmen, and investors are constantly looking for principles and rules that will pave the way for success. Usually, those at the forefront are successful entrepreneurs from Silicon Valley or legendary Wall Street investors. But the principles of economic growth, wealth creation and preservation were written long before the rise of the modern market economy and its heroes. Michael Eisenberg—one of the most successful venture capitalists in Israel, and one of the first investors in Lemonade, and Wix—reveals in The Tree of Life and Prosperity the eternal principles for successful business, economics, and negotiation hidden in the Torah—and shows their relevance to the modern world we live in.
Since the Global Financial Crisis, we have been approaching a crossroad in modern human history. The top 1 percent of people own more than half of the world’s wealth, while hundreds of millions suffer in extreme poverty. Governments quarrel over the politics of environmental policy, even as climate change poses an existential threat to life on the planet. And communities “hollowed out” by the forces of globalization still struggle to stand on their feet. How can we even begin to contemplate solutions to such immense and persistent problems? In Powering Prosperity: A Citizen’s Guide to Shaping the 21st Century, Dr. Indranil Ghosh brings together his decades of experience as a sustainable economic development investor, an entrepreneur, and an MIT-trained scientist, to provide a new framework for understanding the world’s challenges and the choices societies must make to address them. Central to Dr. Ghosh’s roadmap for positive change is a more inclusive form of governance, a collaborative model of long-term investment between public and private capital, and the empowerment of local communities to unleash their innovative and entrepreneurial energy.
"Growing Prosperity could well be as important in shaping our future as Keynes' General Theory. . . . A work as meticulous as it is powerful, as promising as it is persuasive."—Robert Heilbroner, author of The Worldly Philosophers "Bluestone and Harrison have alerted us to the key issue confronting America: how to achieve growth with equity. This country needs a powerful dialogue on how to continue growth while deepening its benefits to all Americans. This is the blueprint for the terms of that debate."—U.S. Representative Richard Gephardt
What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In this work the author analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings transform debate and set the agenda for the next generation of thought about wealth and inequality. He shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality--the tendency of returns on capital to exceed the rate of economic growth--today threatens to generate extreme inequalities that stir discontent and undermine democratic values if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today.
Prosperity in the Twenty-First Century sets out a new vision for prosperity in the twenty-first century and how it can be achieved for all. The volume challenges orthodox understandings of economic models, but goes beyond contemporary debates to show how social innovation drives economic value. Drawing on substantive research in the UK, Lebanon and Kenya, it develops new concepts, frameworks, models and metrics for prosperity across a wide range of contexts, emphasising commonalities and differences. Its distinctive approach goes beyond defining and measuring prosperity – addressing the debate about the failures of GDP – to formulating and describing what is needed to make prosperity a realisable proposition for specific people living in specific locales. Departing from general propositions about post-growth to delineate pathways to prosperity, the volume emphasises that visions of the good life are diverse and require empirical work co-designed with local communities and stakeholders to drive change. It is essential reading for policymakers who are stuck, local government officers who need new tools, activists who wonder what is next, academics in need of refreshment, and students and people of all ages who want a way forward.
Two leading experts on China evaluate its rise throughout the past one hundred fifty years, sharing portraits of key intellectual and political leaders to explain how China transformed from a country under foreign assault to a world giant.
Many Americans are enjoying the fruits of prosperity. Unemployment and inflation are low and it seems that everyone is driving a sport utility vehicle. But is this a prosperity that's reserved for the upper middle class, the folks driving the Jeep Cherokees? Or is something more fundamental happening? The answers are crucial for anyone interested in how America is changing--from corporate executives to policy makers to the average person keeping up with current issues. Bob Davis and David Wessel have spent thousands of hours in living rooms and workplaces around the country, and they show conclusively that the recent good economic news not only is here to stay but is the start of twenty years of broad-based prosperity. Prosperity tells stories about how the lives of the middle class are changing for the better. These are the people who are still being wrongly consigned b y prophets of doom and gloom to the sidelines of the new high-tech economy. People like: Randy Kohrs, whose training in respiratory therapy at a local community college has lifted him from dead-end, minimum-wage jobs into the ranks of the middle class Teresa Wooten, a former worker in a low-wage South Carolina clothing factory, who is now a supervisor in a German-owned factory The workers at the Allen-Bradley plant in Milwaukee, who are benefiting in wages and transferable job skills form the company's recent computer automation These and many other remarkable stories bring together the three trends that will be the basis for a new, middle-class prosperity: Our $2 trillion investment in computer and communications technology will finally pay off in faster productivity growth, a morerapidly growing economy, and rising living standards. Community colleges are helping millions of Americans move from $7-an-hour jobs. This unheralded change in U.S. education will help reverse the forces that have widened the chasm between more-educated and less-educated workers. Globalization--much maligned by pundits on the left and the right--will create new and better jobs by U.S. companies that export to developing countries and by foreign companies that build plants and offices in the United States. Davis and Wessel's front-line account, combined with persuasive evidence of the tangible benefits reaching the middle class, proves that the American dream is not only alive and well, but will reach more people than ever before.
The Prosperity Gospel has been one of the most talked about discussions of the 21st century, particularly within the Christian Community. The battle line has been drawn by prominent theologians, influential scholars, pundits, and televangelists alike, who are on different sides of this debate and no one is conceding ground to anyone else. The narrow view simply places emphasis and focus on a more capitalistic view of prosperity, such as exquisite homes, fashionable wardrobes, excessive wealth, expensive cars, material and temporal possessions. Things which are tangible and are seen have come to symbolize for many prosperity and achieving the American dream. On the other hand the broader perspective of prosperity is associated with possessing good health, accomplishing ones goals, experiencing a changed life, having a healthy home life, seeing others become productive members of society, and maintaining a perpetual fellowship with the creator. Wherefore, this material will help the reader to be more distinct and precise in defining the different nuisances of prosperity from a historical and theological perspective.
Murtin examines the long-term causes of health improvements over the last two centuries. Focusing on the relative importance of income and education, Murtin finds that education alone accounts for the bulk of health improvements since 1870, and explains the strong correlation between longevity and income, which is highly correlated with education. Conversely, the book shows that progress in longevity has had dramatic consequences on societies, as it reduced fertility, triggered the spread of education, spurred economic growth, and improved 'prosperity' in a way that is comparable to the long-term rise in income. Health and Prosperity sheds light on the real cost of health systems in the 21st century.
"For the century of approximately 1870 through 1970, America's ongoing industrialization brought growing prosperity to much of its citizenry and, after World War II, created a broad middle-class society. After the mid-1970s, however, de-industrialization or the movement of manufacturing production to other countries resulted in growing economic and social stress on many of the working class who did not possess a college education. Donald Trump was the first major U.S. politician to recognize this problem and promise to create "good jobs" for working-class Americans. Yet, his most dramatic policy initiatives in the areas of trade, immigration, and deregulation did not produce dramatic change during his first term. A more positive trend is bubbling up from state and local governments, with the encouragement (but not funding) from the Trump administration. This is the growing importance of workforce development programs, which seek to develop the skills necessary for America's 21st century economy through education reform, industrial apprenticeships, and tax incentives. Does the future of the national economy rest in safe arms with the new re-industrialization strategy and education reform? States and local governments must ascertain what mix of higher education reform, k-12 reform, career readiness, and high-tech training is the best equation for the growing workforce deficit and waning middle-class. In addition, education reform must consider high-tech automation, robotics, and artificial intelligence as a curriculum component in education reform. This policy area must be constructed in ways that not only broadens the middle-class but helps the victims of deindustrialization and reindustrialization. Chapter 1 provides an overview of the challenges facing the working class in the United States and an outline of the book. Chapter 2 describes the stage of industrialization (1870-1970) that created a middle class society. Chapter 3 discusses the periods of deindustrialization (1970-2000) and reindustrialization in advanced manufacturing (early 21st century). Chapter 3 then analyzes the causes (globalization, organizational change, public policy, business strategy, and automation) and consequences (the emergence and shrinkage of a broad middle-class society) of the changing dynamics of industrialization. Chapter 4 presents a case study from the state of Alabama, demonstrating how manufacturing reduces inequality. Chapter 5 discusses how work-based learning programs promote racial diversity. Chapter 6 investigates modern apprenticeship and work-based learning programs. Finally, Chapter 7 considers the implications of this study and argues that workforce development policies hold the key to American prosperity in the 21st century"--
