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The New Economics

The New Economics Author : William Edwards Deming
Publisher : MIT Press
Pub Date : 2000
Page : 247
Language : en
Rating : 4

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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


The New Economics


Author by : William Edwards Deming
Languange Used : en
Release Date : 2000
Publisher by : MIT Press


Description : "... 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...

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The Failure Of The New Economics


Author by : Henry Hazlitt
Languange Used : en
Release Date : 1973
Publisher by : Ludwig von Mises Institute


Description : The distinguished economic journalist refutes the theorems found in Keynes' General Theory of Employment, Interest, and Money and cites briefly the contradictions and dangers of his national income ap...

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The New Economics Of Technology Policy


Author by : Dominique Foray
Languange Used : en
Release Date : 2009
Publisher by : Edward Elgar Publishing


Description : This innovative book comprehensively sheds light on the theory and practice of technological policies by employing modern analytical tools and economic techniques. The New Economics of Technology Poli...

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Myth And Measurement


Author by : David Edward Card
Languange Used : en
Release Date : 1995
Publisher by : Princeton University Press


Description : A powerful new challenge to the conventional view that higher minimum wages reduce jobs for low-wage workers. Using data from recent minimum wage change results, economists David Card and Alan Krueger...

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