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THE ECONOMY OF NATURE

RETHINKING THE CONNECTIONS BETWEEN ECOLOGY AND ECONOMICS

Ashworth (The Late, Great Lakes, 1986) makes a plausible if not wholly credible case for the offbeat proposition that ecology and economics, in concert, could provide the best response to both the escalating cost of living and a decline in the quality of life. Noting that the natural and social sciences share a Greek root (oikos, meaning household), the author offers a series of short essays designed to show that environmentalism and for-profit enterprise have much in common. Indeed, he argues, whatever harms or is good for the biosphere injures or benefits the marketplace- -and vice versa. Along similarly pragmatic lines, Ashworth suggests that ravaging the planet and its resources is a fiscally irresponsible act akin to eating one's seed corn—or dipping into capital. To persuade the friends of earth and the friends of industry that their differences are not irreconcilable, Ashworth gets back to genuine basics. Cases in point include short takes on Econ 101 fundamentals like carrying capacity, fund flows, and the forces of supply and demand, whose relevance to the rain forests may come as news to diehard preservationists. By the same token, his low-key briefings on renewable resources and monocultures could prove thought-provoking for those who believe that protection of endangered species and old-growth timber invariably costs society too much in terms of jobs and economic growth. As for why ecologic theory is more congruent with economic theory than antithetical to it, Ashworth's explanations are unexceptionable. But theory is one thing, practice another. In failing to detail how the paradigmatic synthesis could be made to work, the author lacks the courage of his arresting convictions. It's not easy being green, and Ashworth's accommodation agenda may remind some readers of the possibly apocryphal tale about the UN functionary who opined that Arabs and Jews should sit down and settle their differences like good Christians.

Pub Date: Jan. 9, 1995

ISBN: 0-395-65566-8

Page Count: 320

Publisher: Houghton Mifflin

Review Posted Online: May 19, 2010

Kirkus Reviews Issue: Nov. 15, 1994

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THE CULTURE MAP

BREAKING THROUGH THE INVISIBLE BOUNDARIES OF GLOBAL BUSINESS

These are not hard and fast rules, but Meyer delivers important reading for those engaged in international business.

A helpful guide to working effectively with people from other cultures.

“The sad truth is that the vast majority of managers who conduct business internationally have little understanding about how culture is impacting their work,” writes Meyer, a professor at INSEAD, an international business school. Yet they face a wider array of work styles than ever before in dealing with clients, suppliers and colleagues from around the world. When is it best to speak or stay quiet? What is the role of the leader in the room? When working with foreign business people, failing to take cultural differences into account can lead to frustration, misunderstanding or worse. Based on research and her experiences teaching cross-cultural behaviors to executive students, the author examines a handful of key areas. Among others, they include communicating (Anglo-Saxons are explicit; Asians communicate implicitly, requiring listeners to read between the lines), developing a sense of trust (Brazilians do it over long lunches), and decision-making (Germans rely on consensus, Americans on one decider). In each area, the author provides a “culture map scale” that positions behaviors in more than 20 countries along a continuum, allowing readers to anticipate the preferences of individuals from a particular country: Do they like direct or indirect negative feedback? Are they rigid or flexible regarding deadlines? Do they favor verbal or written commitments? And so on. Meyer discusses managers who have faced perplexing situations, such as knowledgeable team members who fail to speak up in meetings or Indians who offer a puzzling half-shake, half-nod of the head. Cultural differences—not personality quirks—are the motivating factors behind many behavioral styles. Depending on our cultures, we understand the world in a particular way, find certain arguments persuasive or lacking merit, and consider some ways of making decisions or measuring time natural and others quite strange.

These are not hard and fast rules, but Meyer delivers important reading for those engaged in international business.

Pub Date: May 27, 2014

ISBN: 978-1-61039-250-1

Page Count: 288

Publisher: PublicAffairs

Review Posted Online: April 15, 2014

Kirkus Reviews Issue: May 1, 2014

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GOOD ECONOMICS FOR HARD TIMES

Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.

“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.

It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.

Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.

Pub Date: Nov. 12, 2019

ISBN: 978-1-61039-950-0

Page Count: 432

Publisher: PublicAffairs

Review Posted Online: Aug. 28, 2019

Kirkus Reviews Issue: Sept. 15, 2019

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