Building wealth
the new rules for individuals, companies, and nations in a knowledge-based economy
by Lester C. Thurow
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As we stand on the brink of the new millennium, MIT economist Lester Thurow addresses the critical issue of wealth creation. The result is an essential road map for how individuals, companies, and nations can and must build wealth in a knowledge-based global economy.
In the final chapters, Professor Thurow turns his attention to the three current major economic sectors of the world: America, East Asia, and Europe. He provides a trenchant analysis of each as a significant competitor in the coming decades, and predicts the likely outcome of the complex forces that are presently shaping global society.
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Building Wealth: The New Rules for Individuals, Companies, and Nations in a Knowledge-Based Economy
August 1, 2000, Collins
Paperback
in English
0887309526 9780887309526
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Building wealth: the new rules for individuals, companies, and nations in a knowledge-based economy
1999, HarperCollins
in English
- 1st ed.
0887309518 9780887309519
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Book Details
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Includes index.
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First Sentence
"Two hundred years ago, at the end of the eighteenth and the beginning of the nineteenth century, the industrial revolution brought eight thousand years of agricultural wealth creation to an end."
Work Description
In Building Wealth, noted MIT economist Lester Thurow argues for a fundamental change in the way we as individuals, as companies, and as nations approach spending and saving. Building on the conclusions of his most recent book, The Future of Capitalism, Thurow shows how our current emphasis on spending has displaced an emphasis on investment in basic knowledge, education, and infrastructure. We are on the precipice of disaster if we do not alter our attitudes toward spending.Thurow writes, "History teaches us that societies that do not focus in building quickly die. In the past much of our building has been communal and in the future much of it will have to be communal. Yet there is no current ideology buttressing that reality."In accessible language, Thurow explains the builder's ideology and its commitment to building communal kinds of wealth. It is only through a commitment to building communal kinds of wealth, Thurow argues, that we will maximize opportunities for building personal financial wealth as well.
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