“When More Is Not Better: Overcoming America’s Obsession With Economic Efficiency” by Roger L. Martin, a HBR Press Review – Book Essentials
The win-win American capitalism might be skewed towards extremes, leaving the middle exposed. Roger L. Martin, a famous strategy professor, decided to take a new look at this “democratic capitalism” model. More importantly, he takes on a journey on how we can fix it. How well is Martin faring?
“When More Is Not Better – Overcoming America’s Obsession with Economic Efficiency” crosses the border of the WIFM business books. It might even become one of those titles that made famous the Chicago tribune economists – and propelled them in the driving seat of America’s economic policies. For a few decades, the US economy was transformed (at least conceptually) in a money making machine. Well, we all know the problems with the machines, do we?:
– their behavior is deemed predictable;
– they function constantly, based on well-known principles;
– the machines cannot learn and certainly cannot adapt to new ever-changing reality factors.