Contents
Chapter 1:The Economy Is Running the Data Is Walking and Trends versus Cycles
Macroeconomic and Microeconomic Trends
Chapter 2:An Approach to Economics—Bottoms Up
Part 2:Disruption, Culture, and Indexes
Chapter 3:Disruptors or Just Progress
Chapter 4:Cultural Changes Make Economics Change
Chapter 5:Goodhart’s “Underappreciated” Law and Benchmarking
Part 3:Math Moves—Remembering That Everything Changes
Chapter 6:Means Move—Analyze the Averages
Chapter 7:Rethink Regressions and Resist Correlations
Part 4:Big Economic Data Points
Chapter 9:Unemployment versus New Employment
Chapter 10:Wages Are Different Now
Chapter 11:Inflation—Just a Little Bit
Chapter 12:Interest Rates and Falsehoods
Chapter 13:Currencies—Chicken and Egg
Chapter 14:Expectations Theories—Always Changing, Always Relevant
Part 5:Old Capital, New Capital
Chapter 15:The New Role of Capital and Capital Formation
Chapter 16:International Capital Flows—Increasingly Critical
Chapter 17:Human Capital—The Real Data to Watch
Chapter 18:Aristotle, Infrastructure, and Capital
Part 6:Tonight the Role of Government Will Be Played By…
Chapter 19:Government’s Role: Past and Future
Chapter 21:Funding the Government: Taxes and Debt—Good, Bad, and Completely Lost
Chapter 22:Expense Management and the Government— A Misnomer?
Chapter 23:More Gray and Purple, Less Gridlock
Part 7:Business is Different Now, But It Always Is
Chapter 24:Business Structures—Think Again
Chapter 25:Business Investment—What People Watch and Should Watch
Chapter 26:Business Cycle Theory: It’s Wrong and Slow
Chapter 27:Tearing Down and Running Around the Barriers to Entry
Chapter 28:Incumbents Can Fight Back
Chapter 30:Supply Chains, Outsourcing, and Innovation
Chapter 32:The Invisible Consumer: Customer Retention, Big Data, and Customer Service
Part 8:Value, Volatility, Uncertainty—Different Arrangement but the Song Remains the Same
Chapter 34:Volatility and Risk Measures—A Point of View
Chapter 35:Uncertainty—The Opportunity
Part 9:Random Ramble and Concluding Topics
Chapter 36:New Industries and What to Do about Them
Chapter 37:Emerging Economies—New Paths
Chapter 38:Socially Responsible Investing and Environmental, Social, and Governance Factors
Chapter 39:Trends, Data, Correlations, and a Few Other Things— Again