Archive for September 30th, 2011
Freakonomics – A Journey on Challenging Conventional Wisdom Through Economics
Posted by admin in Economics Books on September 30, 2011
Reading a book about economics is probably good for anyone in today’s business world or for myself, a small business coach. Yet, the authors, Steven D. Levitt and Stephen J. Dubner, of Freakonomics provided their readers a lot more than just numbers.
The first hook that I received was how the authors defined morality and economics. Not, I am not going to share those definitions with you. You need to buy the book or check the book ou
Economics – Modern Edition
Posted by admin in Economics Books on September 30, 2011
We are entering to the 21st century with different companies all over the world which is designed during the 19th century.
This is an entirely different approach to business and work when it deals with economics.
Economics is leading a management thinkers and practitioners that creates their own economic policies either it belongs to monetary or fiscal policies as a new approach and it will force us to think everything we know. This will be an economic revolution in economic management towards the future.
Marketing guru is different in theory and application. The real marketing guru is an actual approach to the economic society. This is dealing with money, finance, investment, business organization whether private or public.
According to James Henry Ting, Chairman and Chief Executive of Hong Kong based Semi-Tech Global Limited said that “Money can do certain things but you’ve got to motivate people.” This was published in the magazine of World’s Executive digest.
Globalization is the trend in the modern economics now a days. This is a reality when it comes to global trade business. At present times, it is still existing because it has a well established trade relations from other countries across the globe.
The issue in modern economics are re-engineering the corporation, managing the intelligent enterprise, creating a company of business people.
According to the book of Fajardo which is entitled “Economic Development” that mentions modern theory of employment because it states that “Employment is determined by supply of and demand for labor.” This has something to do with labor and employment when it deals with economic labor.
Before I finished my whole content of this article, this is for their own good of readers and viewers from other countries and this is a big help for the goods and services of the people.
Economics in a modern edition is considered as a management revolution because we are looking forward towards globalization.
Do not wait that our country will collapse due to economic crisis or a next recession will come.
The moral lesson in this article is that we must be prepare in terms of economic crisis at all cost.
A. Books
Fajardo, Feliciano R. Economic Development 3rd Ed. Mandaluyong City: National Bookstore, 2004. (p.36)
B. Periodicals or Journals
World’s Executive Digest: The Magazine for Management Excellence. July, 1993. (p.93)
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Thought Provoking Book – Makes You Go “Hmm”
Posted by admin in Economics Books on September 30, 2011
Ok, a couple of disclaimers right up front: 1) SuperFreakonomics is a follow-up book to the authors’ first book – Freakonomics. I didn’t read Freakonomics, and as it turns out, you don’t have to read the first one to get the second one – these aren’t vampire novels; 2) More than likely, I would not have read Super Freakonomics if I hadn’t been sent a copy to review. Why? The word “freakonomics” is way to close to the word “economics” which, for a creative person like me, is a topic much like a bottle of wine – puts me right out. But I will tell you this – freakonomics is MUCH more interesting than plain, old economics. Here’s why:
In spite of the overly witty full title – Super Freakonomics Global Cooling, Patriotic Prostitutes and Why Suicide Bombers Should Buy Life Insurance – the book is actually a fascinating tale of how economics plays into even the most bizarre areas of modern life. I guess that is what authors Steven Levitt and Stephen Dubner wanted to convey with that extravagant title – they should have just let the content speak for itself, but I know, its all about getting people to OPEN the book, I get it, really.
So anyway, back to Super Freakonomics. I really enjoyed this book! I did snooze a bit through Chapter 3, but for the most part, here are two guys with nothing to gain except royalties. They don’t seem to have an overt political bend. They don’t seem to want to convince me that there is only one right way to do things. They’re not selling me anything I don’t already own. But what they are doing is taking incongruent subjects, like Al Gore and Mount Pinatubo (ok, not TOTALLY incongruent), prostitutes and Santa Claus, real estate agents and pimps, and telling me that they do actually have something in common and here’s how it effects my life.
You see, we tend not to draw the comparisons Steven and Stephen have drawn in Super Freakonomics. Most of us don’t want to see these connections or can’t because we only really look at the surface of things. The Steves have penetrated that surface and dove down deep. They’ve brought to light some things that make you go, “hmm.” Such as the hand-washing rate of doctors – YES YOU HEARD ME. You’ll have to read that chapter for yourself as its quite disturbing.
All in all, its a thought-provoking book that I highly recommend you read. If for nothing else than to give you a little perspective on the world around you, how we got here and where we can hope the future brings us. There’s a lot of what I believe is truth, in this book. The chapter on Global Warming is really a good one. But so is the Monkey chapter.
Levitt and Dubner have clearly done a ton of research and another ton of analysis. Typical economists… But untypically, they’ve written this book in such a way to make it all relevant to what’s happening in our world today. Thumbs up.
P.S.: I may just read Freakonomics now…
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“The Great Bust Ahead” – A Book Review
Posted by admin in Economics Books on September 30, 2011
This concise description of the analysis of demographics and the correlation to markets, leads one invariable to the same conclusion as is reached by the author. No words are minced by Daniel A. Arnold as he goes about explaining that we are at or near then next great economic depression. Recent events have shaken consumer confidence, but after you read this book you will be confident that the greatest depression of all time is around the corner.
Mr. Arnold expertly lays out the facts and correlates prior recessions and depressions to a demographic he calls the big spenders, a sub-demographic of 45-54 year olds. Charts and Graphs are expertly used to illustrate each correlation of the demographic to the stock market history. At the end of the book to conclusion is irrefutable. Economic conditions are mostly dictated by population distribution and as the 100,000,000 baby boomers move toward retirement and slow down their spending, the economy will slow also. “The boomers as a group approach in size the entire population of Japan – every man woman and child! Think of it. Try to get your mind around the magnitude of it.” The analysis is crisp, clear and concise. The conclusion is a stark realization of an economic inevitability, a depression longer and deeper than has ever occurred in our history is immanent.
The book is based on demographic data gathered in the Vorago Database and historical data stock market data. If you are concerned about your economic future this is a must read.
Without an understanding of political, economic and social principles we are inadequate employers unable to discern the proper qualifications for leadership and doomed to lead the ship of state on a course to destruction. Ignorance is our greatest enemy. I encourage you to take a few minutes out of your day to learn more about your countries history and politics. [http://www.pippoproducts.com] is here to help you discover where we were and where we are going as a country and as a people.
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