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The Economy Is Not a Machine

The Economy Is Not a Machine

FromMoney For the Rest of Us


The Economy Is Not a Machine

FromMoney For the Rest of Us

ratings:
Length:
26 minutes
Released:
Dec 2, 2020
Format:
Podcast episode

Description

How the drive for efficiency leads to greater wealth concentration and threatens capitalism. What can be done about it.Topics covered include:Why income growth has slowed for the middle classWhy the economy now follows a power-law distribution rather than a normal distribution, leading to skewed outcomesWhy the economy is a complex adaptive system rather than a machineHow the type of job you have and the company you work for affects your incomeWhy greater efficiency increases the risk of catastrophic collapsesWhat are ways to balance efficiency with resiliencyFor show notes and more information on this episode click here.Please go here take the Money For the Rest of Us listener survey and enter to win a copy of my book Money for the Rest of Us – 10 Questions to Master Successful InvestingAlso, go here to learn more about Money For the Rest of Us Plus membership.
Released:
Dec 2, 2020
Format:
Podcast episode

Titles in the series (100)

A personal finance and investing podcast on money, how it works, how to invest it and how to live without worrying about it. J. David Stein is a former Chief Investment Strategist and money manager. For close to two decades, he has been teaching individuals and institutions how to invest and handle their finances in ways that are simple to understand. More info at moneyfortherestofus.com