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OverviewFull Product DetailsAuthor: Andrew Smithers (Founder, Founder, Smithers & Co.)Publisher: Oxford University Press Imprint: Oxford University Press Dimensions: Width: 15.80cm , Height: 1.80cm , Length: 24.00cm Weight: 0.438kg ISBN: 9780198836117ISBN 10: 0198836112 Pages: 190 Publication Date: 11 July 2019 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: To order  Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us. Table of Contents1: The legacy of the financial crisis 2: What I seek to show 3: Poor productivity and damaging demography 4: The cause of poor productivity 5: Ageing populations 6: Other influences on growth 7: The problem of income inequality 8: Two models of growth 9: Investment and the stock of capital 10: Description of my model 11: The results of my model 12: Testing the proposed model 13: Investment, the capital stock, and economic policy 14: The bonus culture has raised the hurdle gate 15: The added impact of misinformation 16: Implications for growth 17: Management and shareholder interests 18: Distractions from serious debate 19: Deflation 20: The UK is similar to the US 21: Reversing perverse incentives 22: Changing the economic impact of current incentives 23: Misinformation adds to risks for the economy 24: The economic consequences of higher investment 25: Summary and conclusions APPENDICES A.1: The impact of real and nominal interest rates A.2: Measurement of the net capital stock and depriciation in the UK and the US A.3: The Gini Coefficient A.4: The formulae for NTV A.5: US profits as published are habitually overstated A.6: The Balassa-Samuelson effect A.7: Abolishing ACT caused a large rise in the effective rate of corporation tax A.8: Why profit margins in mature economies are expected to revert to their meanReviewsSmither'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. * William White, Senior Fellow at the CD Howe Institute and Former Economic Adviser, Bank for International Settlements * Smithers is quietly persuasive, and invites the public to discuss and debate his ideas. A glossary helps nonspecialists understand the terminology. ... Summing up: Recommended * W. Edens, CHOICE * 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. * William White, Senior Fellow at the CD Howe Institute and Former Economic Adviser, Bank for International Settlements * 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. * William White, Senior Fellow at the CD Howe Institute and Former Economic Adviser, Bank for International Settlements * Smithers is quietly persuasive, and invites the public to discuss and debate his ideas. A glossary helps nonspecialists understand the terminology. ... Summing up: Recommended * W. Edens, CHOICE * Author InformationAndrew 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. Tab Content 6Author Website:Countries AvailableAll regions |
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