An appealing, very different approach to a pressing problem.
An intriguing discussion of poverty and scarcity that uses the tools of behavioral economics and offers some different approaches to mitigation.
Mullainathan (Economics/Harvard Univ.; co-author: Policy and Choice: Public Finance Through the Lens of Behavioral Economics, 2011, etc.) and Shafir (Psychology and Public Affairs/Princeton Univ.; editor: The Behavioral Foundations of Public Policy, 2012, etc.) compare scarcity in different forms—financial, but also in relation to time, diet and loneliness—reporting on psychological tests and human and organizational activity to develop their idea that scarcity can be approached from a cognitive standpoint. The authors discuss the concept of “tunneling,” in which focus is so tightly confined that alternate or broader considerations are excluded, and “bandwidth tax,” where “poverty itself taxes the mind…reduces fluid intelligence and executive control." The authors stress that their approach to scarcity is different than that of economists. They distinguish between “physical scarcity,” which they say “is ubiquitous,” and “the feeling of scarcity,” which is not. They examine the mechanics of payday loans and the way market vendors in the Indian city of Chennai finance inventory, and they discuss how choices are constrained by habits of thought. They insist that scarcity “is not merely the gap between resources and desires on average.” Managing slack, as well as relative plenty, matters as much as managing scarcity, and incentives prove more powerful than education in changing habits. “As we contemplate the better management of scarcity,” they write, “we should remember that scarcity often begins with abundance. The crunch just before a deadline often originates with ample time used ineffectively in the weeks preceding it. The months just before harvest are particularly cash tight because money was not spent well in the easy months following last harvest.”
An appealing, very different approach to a pressing problem.Pub Date: Sept. 3, 2013
ISBN: 978-0-8050-9264-6
Page Count: 304
Publisher: Times/Henry Holt
Review Posted Online: June 16, 2013
Kirkus Reviews Issue: July 1, 2013
An intriguing approach to identifying and relating to one’s emotions.
An analysis of our emotions and the skills required to understand them.
We all have emotions, but how many of us have the vocabulary to accurately describe our experiences or to understand how our emotions affect the way we act? In this guide to help readers with their emotions, Brackett, the founding director of Yale University’s Center for Emotional Intelligence, presents a five-step method he calls R.U.L.E.R.: We need to recognize our emotions, understand what has caused them, be able to label them with precise terms and descriptions, know how to safely and effectively express them, and be able to regulate them in productive ways. The author walks readers through each step and provides an intriguing tool to use to help identify a specific emotion. Brackett introduces a four-square grid called a Mood Meter, which allows one to define where an emotion falls based on pleasantness and energy. He also uses four colors for each quadrant: yellow for high pleasantness and high energy, red for low pleasantness and high energy, green for high pleasantness and low energy, and blue for low pleasantness and low energy. The idea is to identify where an emotion lies in this grid in order to put the R.U.L.E.R. method to good use. The author’s research is wide-ranging, and his interweaving of his personal story with the data helps make the book less academic and more accessible to general readers. It’s particularly useful for parents and teachers who want to help children learn to handle difficult emotions so that they can thrive rather than be overwhelmed by them. The author’s system will also find use in the workplace. “Emotions are the most powerful force inside the workplace—as they are in every human endeavor,” writes Brackett. “They influence everything from leadership effectiveness to building and maintaining complex relationships, from innovation to customer relations.”
An intriguing approach to identifying and relating to one’s emotions.Pub Date: Sept. 3, 2019
ISBN: 978-1-250-21284-9
Page Count: 320
Publisher: Celadon Books
Review Posted Online: June 22, 2019
Kirkus Reviews Issue: July 15, 2019
A readable, persuasive argument that our ways of doing business will have to change if we are to prosper—or even survive.
A well-constructed critique of an economic system that, by the author’s account, is a driver of the world’s destruction.
Harvard Business School professor Henderson vigorously questions the bromide that “management’s only duty is to maximize shareholder value,” a notion advanced by Milton Friedman and accepted uncritically in business schools ever since. By that logic, writes the author, there is no reason why corporations should not fish out the oceans, raise drug prices, militate against public education (since it costs tax money), and otherwise behave ruinously and anti-socially. Many do, even though an alternative theory of business organization argues that corporations and society should enjoy a symbiotic relationship of mutual benefit, which includes corporate investment in what economists call public goods. Given that the history of humankind is “the story of our increasing ability to cooperate at larger and larger scales,” one would hope that in the face of environmental degradation and other threats, we might adopt the symbiotic model rather than the winner-take-all one. Problems abound, of course, including that of the “free rider,” the corporation that takes the benefits from collaborative agreements but does none of the work. Henderson examines case studies such as a large food company that emphasized environmentally responsible production and in turn built “purpose-led, sustainable living brands” and otherwise led the way in increasing shareholder value by reducing risk while building demand. The author argues that the “short-termism” that dominates corporate thinking needs to be adjusted to a longer view even though the larger problem might be better characterized as “failure of information.” Henderson closes with a set of prescriptions for bringing a more equitable economics to the personal level, one that, among other things, asks us to step outside routine—eat less meat, drive less—and become active in forcing corporations (and politicians) to be better citizens.
A readable, persuasive argument that our ways of doing business will have to change if we are to prosper—or even survive.Pub Date: May 1, 2020
ISBN: 978-1-5417-3015-1
Page Count: 336
Publisher: PublicAffairs
Review Posted Online: Feb. 16, 2020
Kirkus Reviews Issue: March 15, 2020
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