Learning by Doing: The Real Connection Between Innovation, Wages, and Wealth by Bessen, James
Learning by Doing: The Real Connection Between Innovation, Wages, and Wealth by Bessen, James

Learning by Doing: The Real Connection Between Innovation, Wages, and Wealth

An important study of the relationship between technology, skills, and economic inequality that answers some of the...
CHF 82.91
CHF 82.91
SKU: 9780300195668
Product Type: Books
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Author: James Bessen
Format: Hardcover
Language: English
Subtotal: CHF 82.91
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Learning by Doing: The Real Connection Between Innovation, Wages, and Wealth by Bessen, James

Learning by Doing: The Real Connection Between Innovation, Wages, and Wealth

CHF 82.91
Learning by Doing: The Real Connection Between Innovation, Wages, and Wealth by Bessen, James

Learning by Doing: The Real Connection Between Innovation, Wages, and Wealth

CHF 82.91
Author: James Bessen
Format: Hardcover
Language: English
Description
An important study of the relationship between technology, skills, and economic inequality that answers some of the most pressing economic questions of our time

Today's great paradox is that we feel the impact of technology everywhere--in our cars, our phones, the supermarket, the doctor's office--but not in our paychecks. In the past, technological advancements dramatically increased wages, but for three decades now, the median wage has remained stagnant. Machines have taken over much of the work of humans, destroying old jobs while increasing profits for business owners. The threat of ever-widening economic inequality looms, but in Learning by Doing, James Bessen argues that increased inequality is not inevitable.

Workers can benefit by acquiring the knowledge and skills necessary to implement rapidly evolving technologies; unfortunately, this can take years, even decades. Technical knowledge is mostly unstandardized and difficult to acquire, learned through job experience rather than in the classroom. As Bessen explains, the right policies are necessary to provide strong incentives for learning on the job. Politically influential interests have moved policy in the wrong direction recently. Based on economic history as well as analysis of today's labor markets, his book shows a way to restore broadly shared prosperity.

Author: James Bessen
Publisher: Yale University Press
Published: 04/28/2015
Pages: 312
Binding Type: Hardcover
Weight: 1.30lbs
Size: 9.40h x 6.40w x 1.00d
ISBN: 9780300195668


Review Citation(s):
Choice 08/01/2015

About the Author
James Bessen, an economist, is a lecturer at Boston University Law School. He was founder and CEO of a software company that developed the first desktop publishing program.


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