Productivity and the Bonus Culture

ISBN-13: 9780198836117 / Angielski / Twarda / 2019 / 192 str.

Andrew Smithers

Opis

Growth in the US and UK is declining due to poor productivity. This book sets out a revised model which demonstrates that weakness in productivity is the result of the bonus culture, and suggests ways to change this flawed system so that investment is encouraged and growth returns.

Recenzje

Smither's conclusions are made more credible by his effective refutation of alternative theories of declining productivity growth and by his unparalleled understanding of underlying data sources. His is a passionate voice pointing out why this this overlooked problem needs to be urgently addressed. But it is also a professional voice, based on insights from a long professional career, which suggests some eminently practical solutions to that problem. Read it and be convinced by both voices.

O autorze

Andrew Smithers is the founder of economic consultancy Smithers & Co. He is the author of Valuing Wall Street: Protecting Wealth in Turbulent Markets, The Road to Recovery: How Economic Policy Must Change, and Wall Street Revalued: Imperfect Markets and Inept Central Bankers. He is a former columnist for the London Evening Standard, and has also written columns and blogs for The Times and the Financial Times.