Want Growth? Kill Small Businesses—Asterisk
This is the paradox of the poor and their businesses: They are energetic and resourceful and manage to make a lot out of very little. But most of this energy is spent on businesses that are too small and utterly undifferentiated from the many others around them.
Abhijit V. Banerjee • Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty
“I do not think that unemployment is among those evils which, like poverty, capitalist evolution could ever eliminate of itself.”
Philip Auerswald • The Coming Prosperity: How Entrepreneurs Are Transforming the Global Economy
focus on the broader conceptual question of whether growth or redistribution—in the public or private sector—is a more effective means of helping the poor.
Tyler Cowen • Stubborn Attachments: A Vision for a Society of Free, Prosperous, and Responsible Individuals
So. Where does the assumption that every business should grow to mega scale really come from? Well, it’s a relic of the industrial age. Back then, a business had to be as big as possible, to accomplish economies of scale. One factory — a hundred widgets. One factory — a million widgets. The second scenario wins — it pays off the fixed costs of the ... See more
umair haque • Why We Need to Build Human-Scale Organizations
sari added
Productive entrepreneurs create a space for the future by innovating new combinations of economic activity and pushing back against entrenched interests.
Philip Auerswald • The Coming Prosperity: How Entrepreneurs Are Transforming the Global Economy
Contrary to the founding theories of development economics, inequality does not make economies grow faster: if anything, it slows them down. And it does so by wasting the potential of much of the population: people who could be schoolteachers or market traders, nurses or micro-entrepreneurs – actively contributing to the wealth and well-being of th
... See moreKate Raworth • Doughnut Economics: The must-read book that redefines economics for a world in crisis
An arresting plea for ‘small is beautiful’ in an economy increasingly oriented around breakneck growth, financialization, increasing monopolies, and industry consolidation.
workfutures • Always and Forever
Keely Adler added