Download e-book for kindle: A Country Is Not a Company by Paul Krugman

By Paul Krugman

Nobel-Prize-winning economist Paul Krugman argues that enterprise leaders have to comprehend the diversities among fiscal coverage at the nationwide and overseas scale and enterprise process at the organizational scale. Economists take care of the closed procedure of a countrywide financial system, while executives dwell within the open-system global of commercial. additionally, economists understand that an economic climate has to be run at the foundation of normal ideas, yet businesspeople are ceaselessly looking for the actual really good procedure. Krugman's article serves to explain the area of economics for businesspeople who're so just about it and but are constantly annoyed by means of what they see. for the reason that 1922, Harvard enterprise Review has been a number one resource of leap forward administration ideas-many of which nonetheless converse to and effect us this present day. The Harvard company overview Classics sequence now deals readers the chance to make those seminal items part of your everlasting administration library. every one hugely readable quantity includes a groundbreaking concept that keeps to form top practices and encourage numerous managers round the world-and may have an immediate effect on you this day and for years to come.

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A mericans are optimists—we believe discovery and invention will fuel endless health and prosperity. To date, we have not been disappointed. Developments in housing, transportation, communication, and food production have taken us to new, higher and higher levels of quality of life. With no apparent end to this progress, the public has come to enthusiastically support research, particularly in the biomedical sciences, computing, electronics, and defense. 9% of US gross domestic product (GDP). Science and technology are not only America’s darlings.

What followed was a decade-long climb in federal funding for university research and education. The National Defense Education Act encouraged students, by paying their tuition, to get a college education in math and science. The Advanced Research Projects Agency, later renamed DARPA, was tasked with supercharging military technology and destined to become America’s most innovative funding agency. Most famously, Sputnik instigated the birth of the National Aeronautics and Space Administration, better known as NASA.

Observers around the world who could understand Russian should listen to upcoming broadcasts from a capsule rocketing above the Earth’s atmosphere—the first low Earth satellite. Visible to the naked eye, this miracle of modern invention was called Sputnik. Sputnik vaulted the Soviets past the Americans as the world’s preeminent technological powerhouse. While President Eisenhower’s initial reaction was muted, the public was enraged. Cold war hawks proclaimed that Sputnik was a national humiliation, one requiring a hard-hitting response.

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A Country Is Not a Company by Paul Krugman


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