Coverart for item
The Resource Productivity and the bonus culture, Andrew Smithers

Productivity and the bonus culture, Andrew Smithers

Label
Productivity and the bonus culture
Title
Productivity and the bonus culture
Statement of responsibility
Andrew Smithers
Creator
Author
Subject
Language
eng
Summary
Living standards in the UK and US are in danger of falling. A decline in growth due to poor productivity and an unfavorable change in demography has weakened the stand of liberal democracy, and voter dissatisfaction is encouraging populist policies that threaten even worse outcomes. Whilst living standards once grew faster than productivity they now grow more slowly, and the working population is no longer growing faster than the population as a whole. To avoid falling living standards the productivity problem must be addressed. Andrew Smithers argues that faster productivity does not depend, as many suggest, on technology; it also relies on investment. Current growth theory is based on a faulty model which has induced pessimism about our ability to encourage more growth. Productivity and the Bonus Culture 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. -- Provided by publisher
Cataloging source
YDX
http://library.link/vocab/creatorName
Smithers, Andrew
Dewey number
338/.06
Illustrations
illustrations
Index
index present
LC call number
HD56
LC item number
.S58 2019
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Industrial productivity
  • Performance
  • Industrial productivity
  • Performance
  • Produktivitätszuwachs
  • Anreizsystem
  • Lebensstandard
  • Wirtschaftspolitik
  • Bevölkerungsentwicklung
Label
Productivity and the bonus culture, Andrew Smithers
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 161-163) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
  • text
  • still image
Content type code
  • txt
  • sti
Content type MARC source
  • rdacontent
  • rdacontent
Contents
  • The legacy of the financial crisis -- What I seek to show -- Poor productivity and damaging demography -- The cause of poor productivity -- Ageing populations -- Other influences on growth -- The problem of income inequality -- Two models of growth -- Investment and the stock of capital -- Description of my model -- The results of my model -- Testing the proposed model -- Investment, the capital stock, and economic policy -- The bonus culture has raised the hurdle gate -- The added impact of misinformation -- Implications for growth -- Management and shareholder interests -- Distractions from serious debate - Deflation -- The UK is similar to the US -- Reversing perverse incentives -- Changing the economic impact of current incentives -- Misinformation adds to risks for the economy -- The economic consequences of higher investment -- Summary and conclusions
  • APPENDICES: A.1. The impact of real and nominal interest rates -- A.2. Measurement of the net capital stock and depreciation 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 mean
Control code
1057783548
Dimensions
24 cm
Edition
First edition.
Extent
xx, 169 pages
Isbn
9780198836117
Lccn
2018955388
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)1057783548
Label
Productivity and the bonus culture, Andrew Smithers
Publication
Bibliography note
Includes bibliographical references (pages 161-163) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
  • text
  • still image
Content type code
  • txt
  • sti
Content type MARC source
  • rdacontent
  • rdacontent
Contents
  • The legacy of the financial crisis -- What I seek to show -- Poor productivity and damaging demography -- The cause of poor productivity -- Ageing populations -- Other influences on growth -- The problem of income inequality -- Two models of growth -- Investment and the stock of capital -- Description of my model -- The results of my model -- Testing the proposed model -- Investment, the capital stock, and economic policy -- The bonus culture has raised the hurdle gate -- The added impact of misinformation -- Implications for growth -- Management and shareholder interests -- Distractions from serious debate - Deflation -- The UK is similar to the US -- Reversing perverse incentives -- Changing the economic impact of current incentives -- Misinformation adds to risks for the economy -- The economic consequences of higher investment -- Summary and conclusions
  • APPENDICES: A.1. The impact of real and nominal interest rates -- A.2. Measurement of the net capital stock and depreciation 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 mean
Control code
1057783548
Dimensions
24 cm
Edition
First edition.
Extent
xx, 169 pages
Isbn
9780198836117
Lccn
2018955388
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)1057783548

Library Locations

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      38.944491 -92.326012
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