What I'm Reading
By Arnold Kling
The Coming Prosperity, by Philip E. Auerswald.
Never before have more people had a greater opportunity to create value for society, and for themselves, than we do today. New technologies of communication and collaboration are enabling not just lone innovators, but entire populations, to connect and create at a scale previously unimaginable.
More excerpts below the fold.
remittances–the money expatriates send to relatives back home–total over $440 billion per year, nearly three times the total of all government-to-government foreign aid sent to developing countries
By allowing capital freedom of movement, even where physical freedom of movement remained constrained, bills of exchange permitted citizens to vote with their wealth if not with their feet.
52 percent of the founders of Silicon Valley’s start-ups were foreign-born.
more than one-quarter of all new firms started in the United States from 1995 to 2005 had at least one immigrant founder
He quotes W. Edwards Deming, in arguing for worker involvement in decision-making, that “the most important figures that one needs for management are unknown or unknowable.”
The book gives one plenty to chew on, although had I been the editor some of the material would have been organized differently and some would have been cut.