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Out of the Crisis
Author: W. Edwards Deming
Publisher: MIT Press
ISBN: 0262535947
Pages: 448
Year: 2018-10-16
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Deming's classic work on management, based on his famous 14 Points for Management. "Long-term commitment to new learning and new philosophy is required of any management that seeks transformation. The timid and the fainthearted, and the people that expect quick results, are doomed to disappointment." —from Out of the Crisis In his classic Out of the Crisis, W. Edwards Deming describes the foundations for a completely new and transformational way to lead and manage people, processes, and resources. Translated into twelve languages and continuously in print since its original publication, it has proved highly influential. Research shows that Deming's approach has high levels of success and sustainability. Readers today will find Deming's insights relevant, significant, and effective in business thinking and practice. This edition includes a foreword by Deming's grandson, Kevin Edwards Cahill, and Kelly Allan, business consultant and Deming expert. According to Deming, American companies require nothing less than a transformation of management style and of governmental relations with industry. In Out of the Crisis, originally published in 1982, Deming offers a theory of management based on his famous 14 Points for Management. Management's failure to plan for the future, he claims, 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, and provide more jobs through improved product and service. In simple, direct language, Deming explains the principles of management transformation and how to apply them.
The New Economics
Author: William Edwards Deming
Publisher: MIT Press
ISBN: 0262541165
Pages: 247
Year: 2000
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"... competition, we see now, is destructive. It would be better if everyone would work together as a system, with the aim for everybody to win. What we need is cooperation and transformation to a new style of management." In this book W. Edwards Deming details the system of transformation that underlies the 14 Points for Management presented in Out of the Crisis. The system of profound knowledge, as it is called, consists of four parts: appreciation for a system, knowledge about variation, theory of knowledge, and psychology. Describing prevailing management style as a prison, Deming shows how a style based on cooperation rather than competition can help people develop joy in work and learning at the same time that it brings about long-term success in the market. Indicative of Deming's philosophy is his advice to abolish performance reviews on the job and grades in school. Previously published by MIT-CAES
Out of the Crisis
Author: W. Edwards Deming
Publisher: MIT Press
ISBN: 0262350033
Pages: 448
Year: 2018-09-21
View: 1270
Read: 1256
Deming's classic work on management, based on his famous 14 Points for Management. "Long-term commitment to new learning and new philosophy is required of any management that seeks transformation. The timid and the fainthearted, and the people that expect quick results, are doomed to disappointment." —from Out of the Crisis In his classic Out of the Crisis, W. Edwards Deming describes the foundations for a completely new and transformational way to lead and manage people, processes, and resources. Translated into twelve languages and continuously in print since its original publication, it has proved highly influential. Research shows that Deming's approach has high levels of success and sustainability. Readers today will find Deming's insights relevant, significant, and effective in business thinking and practice. This edition includes a foreword by Deming's grandson, Kevin Edwards Cahill, and Kelly Allan, business consultant and Deming expert. According to Deming, American companies require nothing less than a transformation of management style and of governmental relations with industry. In Out of the Crisis, originally published in 1982, Deming offers a theory of management based on his famous 14 Points for Management. Management's failure to plan for the future, he claims, 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, and provide more jobs through improved product and service. In simple, direct language, Deming explains the principles of management transformation and how to apply them.
Inside and Outside Liquidity
Author: Bengt Holmström, Jean Tirole
Publisher: MIT Press
ISBN: 0262294788
Pages: 264
Year: 2011-01-07
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Why do financial institutions, industrial companies, and households hold low-yielding money balances, Treasury bills, and other liquid assets? When and to what extent can the state and international financial markets make up for a shortage of liquid assets, allowing agents to save and share risk more effectively? These questions are at the center of all financial crises, including the current global one. In Inside and Outside Liquidity, leading economists Bengt Holmström and Jean Tirole offer an original, unified perspective on these questions. In a slight, but important, departure from the standard theory of finance, they show how imperfect pledgeability of corporate income leads to a demand for as well as a shortage of liquidity with interesting implications for the pricing of assets, investment decisions, and liquidity management. The government has an active role to play in improving risk-sharing between consumers with limited commitment power and firms dealing with the high costs of potential liquidity shortages. In this perspective, private risk-sharing is always imperfect and may lead to financial crises that can be alleviated through government interventions.
Capital Flows and Crises
Author: Barry J. Eichengreen
Publisher: MIT Press
ISBN: 0262550598
Pages: 377
Year: 2004
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An analysis of the connections between capital flows and financial crises as well as between capital flows and economic growth.
What Have We Learned?
Author: George A. Akerlof, Olivier Blanchard, David Romer, Joseph E. Stiglitz
Publisher: MIT Press
ISBN: 0262323451
Pages: 368
Year: 2014-05-16
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Since 2008, economic policymakers and researchers have occupied a brave new economic world. Previous consensuses have been upended, former assumptions have been cast into doubt, and new approaches have yet to stand the test of time. Policymakers have been forced to improvise and researchers to rethink basic theory. George Akerlof, Nobel Laureate and one of this volume's editors, compares the crisis to a cat stuck in a tree, afraid to move. In April 2013, the International Monetary Fund brought together leading economists and economic policymakers to discuss the slowly emerging contours of the macroeconomic future. This book offers their combined insights.The editors and contributors -- who include the Nobel Laureate and bestselling author Joseph Stiglitz, Federal Reserve Vice Chair Janet Yellen, and the former Governor of the Bank of Israel Stanley Fischer -- consider the lessons learned from the crisis and its aftermath. They discuss, among other things, post-crisis questions about the traditional policy focus on inflation; macroprudential tools (which focus on the stability of the entire financial system rather than of individual firms) and their effectiveness; fiscal stimulus, public debt, and fiscal consolidation; and exchange rate arrangements.
Communism for Kids
Author: Bini Adamczak, Jacob Blumenfeld, Sophie Lewis
Publisher: MIT Press
ISBN: 0262339498
Pages: 112
Year: 2017-03-24
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Once upon a time, people yearned to be free of the misery of capitalism. How could their dreams come true? This little book proposes a different kind of communism, one that is true to its ideals and free from authoritarianism. Offering relief for many who have been numbed by Marxist exegesis and given headaches by the earnest pompousness of socialist politics, it presents political theory in the simple terms of a children's story, accompanied by illustrations of lovable little revolutionaries experiencing their political awakening.It all unfolds like a story, with jealous princesses, fancy swords, displaced peasants, mean bosses, and tired workers--not to mention a Ouija board, a talking chair, and a big pot called "the state." Before they know it, readers are learning about the economic history of feudalism, class struggles in capitalism, different ideas of communism, and more. Finally, competition between two factories leads to a crisis that the workers attempt to solve in six different ways (most of them borrowed from historic models of communist or socialist change). Each attempt fails, since true communism is not so easy after all. But it's also not that hard. At last, the people take everything into their own hands and decide for themselves how to continue. Happy ending? Only the future will tell. With an epilogue that goes deeper into the theoretical issues behind the story, this book is perfect for all ages and all who desire a better world.
Economics After the Crisis
Author: Adair Turner
Publisher: MIT Press
ISBN: 0262300990
Pages: 128
Year: 2012-03-23
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The global economic crisis of 2008--2009 seemed a crisis not just of economic performance but also of the system's underlying political ideology and economic theory. But a second Great Depression was averted, and the radical shift to New Deal-like economic policies predicted by some never took place. Perhaps the correct response to the crisis is simply careful management of the macroeconomic challenges as we recover, combined with reform of financial regulation to prevent a recurrence. In Economics After the Crisis, Adair Turner offers a strong counterargument to this somewhat complacent view. The crisis of 2008--2009, he writes, should prompt a wide set of challenges to economic and political assumptions and to economic theory. Turner argues that more rapid growth should not be the overriding objective for rich developed countries, that inequality should concern us, that the pre-crisis confidence in financial markets as the means of pursuing objectives was profoundly misplaced.
Breaking Out
Author: Padma Desai
Publisher: MIT Press
ISBN: 0262019973
Pages: 250
Year: 2013-09-13
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Padma Desai grew up in the 1930s in the provincial world of Surat, India, where she had a sheltered and strict upbringing in a traditional Gujarati Anavil Brahmin family. Her academic brilliance won her a scholarship to Bombay University, where the first heady taste of freedom in the big city led to tragic consequences -- seduction by a fellow student whom she was then compelled to marry. In a failed attempt to end this disastrous first marriage, she converted to Christianity.A scholarship to America in 1955 launched her on her long journey to liberation from the burdens and constraints of her life in India. With a growing self-awareness and transformation at many levels, she made a new life for herself, met and married the celebrated economist Jagdish Bhagwati, became a mother, and rose to academic eminence at Harvard and Columbia.How did she navigate the tumultuous road to assimilation in American society and culture? And what did she retain of her Indian upbringing in the process? This brave and moving memoir -- written with a novelist's skill at evoking personalities, places, and atmosphere, and a scholar's insights into culture and society, community, and family -- tells a compelling and thought-provoking human story that will resonate with readers everywhere.
Collaborative Resilience
Author: Bruce Evan Goldstein
Publisher: MIT Press
ISBN: 0262516454
Pages: 405
Year: 2012
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Crisis -- whether natural disaster, technological failure, economic collapse, or shocking acts of violence -- can offer opportunities for collaboration, consensus building, and transformative social change. Communities often experience a surge of collective energy and purpose in the aftermath of crisis. Rather than rely on government and private-sector efforts to deal with crises through prevention and mitigation, we can harness post-crisis forces for recovery and change through innovative collaborative planning. Drawing on recent work in the fields of planning and natural resource management, this book examines a range of efforts to enhance resilience through collaboration, describing communities that have survived and even thrived by building trust and interdependence. These collaborative efforts include environmental assessment methods in Cozumel, Mexico; the governance of a "climate protected community" in the Blackfoot Valley of Montana; fisheries management in Southeast Asia's Mekong region; and the restoration of natural fire regimes in U.S. forests. In addition to describing the many forms that collaboration can take -- including consensus processes, learning networks, and truth and reconciliation commissions -- the authors argue that collaborative resilience requires redefining the idea of resilience itself. A resilient system is not just discovered through good science; it emerges as a community debates and defines ecological and social features of the system and appropriate scales of activity. Poised between collaborative practice and resilience analysis, collaborative resilience is both a process and an outcome of collective engagement with social-ecological complexity.
Debt Defaults and Lessons from a Decade of Crises
Author: Federico Sturzenegger, Jeromin Zettelmeyer
Publisher: MIT Press
ISBN: 0262195534
Pages: 385
Year: 2006
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Detailed case studies of debt defaults by Russia, Ukraine, Pakistan, Ecuador,Moldova, and Uruguay, framed by a comprehensive discussion of the history, economic theory, legalissues, and policy lessons of sovereign debt crises.
Critique and Crisis
Author: Reinhart Koselleck
Publisher: MIT Press
ISBN: 0262611570
Pages: 204
Year: 2000-01
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Critique and Crisis established Reinhart Koselleck's reputation as the most important German intellectual historian of the postwar period. This first English translation of Koselleck's tour de force demonstrates a chronological breadth, a philosophical depth, and an originality which are hardly equalled in any scholarly domain. It is a history of the Enlightenment in miniature, fundamental to our understanding of that period and its consequences.Like Tocqueville, Koselleck views Enlightenment intellectuals as an uprooted, unrealistic group of onlookers who sowed the seeds of the modern political tensions that first flowered in the French Revolution. He argues that it was the split that developed between state and society during the Enlightenment that fostered the emergence of this intellectual elite divorced from the realities of politics.Koselleck describes how this disjunction between political authority proper and its subjects led to private spheres that later became centers of moral authority and, eventually, models for political society that took little or no notice of the constraints under which politicians must inevitably work. In this way progressive bourgeois philosophy, which seemed to offer the promise of a unified and peaceful world, in fact produced just the opposite.The book provides a wealth of examples drawn from all of Europe to illustrate the still relevant message that we evade the constraints and the necessities of the political realm at our own risk.Reinhart Koselleck is Professor of the Theory of History at the University of Bielefeld and author of Futures Past: On the Semantics of Historical Time. Critique and Crisis is included in the series Studies in Contemporary German Social Thought, edited by Thomas McCarthy.
Currencies and Crises
Author: Paul R. Krugman
Publisher: MIT Press
ISBN: 0262611090
Pages: 219
Year: 1995
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Paul Krugman's first collection of essays, Rethinking International Trade, mounted aspirited assault on established trade theory and proposed an alternative approach to account forincreasing returns and imperfect competition. Less theoretical and more embedded in real-worldexperience, this new collection revolves around Krugman's work on international monetary economicsfrom the late 1970s to the present in an effort to make sense of a turbulent period that "involvedone surprise after another, most of them unpleasant."The eleven essays cover such key areas as therole of exchange rates in balance-of-payments adjustment policy, the role of speculation in thefunctioning of exchange rate regimes, Third World debt, and the construction of an internationalmonetary system. They are unified by the same basic methodology and style the construction of asmall theoretical model in order to simplify or clarify a puzzling or difficult world monetaryproblem.Paul R. Krugman is Professor of Economics at the Massachusetts Institute of Technology and amember of the Group of Thirty.
The Power of Resilience
Author: Yosef Sheffi
Publisher: MIT Press
ISBN: 0262029790
Pages: 488
Year: 2015-09-18
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A catastrophic earthquake is followed by a tsunami that inundates the coastline, and around the globe manufacturing comes to a standstill. State-of-the-art passenger jets are grounded because of a malfunctioning part. A strike halts shipments through a major port. A new digital device decimates the sales of other brands and sends established firms to the brink of bankruptcy. The interconnectedness of the global economy today means that unexpected events in one corner of the globe can ripple through the world's supply chain and affect customers everywhere. In this book, Yossi Sheffi shows why modern vulnerabilities call for innovative processes and tools for creating and embedding corporate resilience and risk management. Sheffi offers fascinating case studies that illustrate how companies have prepared for, coped with, and come out stronger following disruption -- from the actions of Intel after the 2011 Japanese tsunami to the disruption in the "money supply chain" caused by the 2008 financial crisis. Sheffi, author of the widely read The Resilient Enterprise, focuses here on deep tier risks as well as corporate responsibility, cybersecurity, long-term disruptions, business continuity planning, emergency operations centers, detection, and systemic disruptions. Supply chain risk management, Sheffi shows, is a balancing act between taking on the risks involved in new products, new markets, and new processes -- all crucial for growth -- and the resilience created by advanced risk management.
Quality, Productivity, and Competitive Position
Author: William Edwards Deming
Publisher: Massachusetts Institute of Technology Center for Advanced En
ISBN:
Pages: 373
Year: 1982
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