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The Economy Is Not a Machine
Manage episode 279097755 series 2137790
How the drive for efficiency leads to greater wealth concentration and threatens capitalism. What can be done about it.
Topics covered include:
- Why income growth has slowed for the middle class
- Why the economy now follows a power-law distribution rather than a normal distribution, leading to skewed outcomes
- Why the economy is a complex adaptive system rather than a machine
- How the type of job you have and the company you work for affects your income
- Why greater efficiency increases the risk of catastrophic collapses
- What are ways to balance efficiency with resiliency
Show Notes
When More Is Not Better: Overcoming America’s Obsession with Economic Efficiency by Roger L. Martin
How The Economic Machine Works by Ray Dalio—Video
For more information on this episode click here.
Also, go here to learn more about Money For the Rest of Us Plus membership.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
492 episódios
Manage episode 279097755 series 2137790
How the drive for efficiency leads to greater wealth concentration and threatens capitalism. What can be done about it.
Topics covered include:
- Why income growth has slowed for the middle class
- Why the economy now follows a power-law distribution rather than a normal distribution, leading to skewed outcomes
- Why the economy is a complex adaptive system rather than a machine
- How the type of job you have and the company you work for affects your income
- Why greater efficiency increases the risk of catastrophic collapses
- What are ways to balance efficiency with resiliency
Show Notes
When More Is Not Better: Overcoming America’s Obsession with Economic Efficiency by Roger L. Martin
How The Economic Machine Works by Ray Dalio—Video
For more information on this episode click here.
Also, go here to learn more about Money For the Rest of Us Plus membership.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
492 episódios
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