Digital Deflation

The Productivity Revolution And How It Will Ignite The Economy

Graham Tanaka

418 pages, parution le 13/10/2003

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Résumé

Praise for Digital Deflation:

"Technology, productivity, deflation, and wealth creation. It's all here, and Graham Tanaka is right on target!"

Lawrence Kudlow, CNBC's "Kudlow & Cramer."

"Whether you're bullish, bearish or in between, this is an important book for all investors to read!"

Dr. Edward Yardeni, Chief Investment Strategist, Prudential Securities

"Once in a great while, an original and thought-provoking book comes along. Digital Deflation is it a must read!"

Thomas R. Schwarz, former president and COO, Dunkin' Donuts, Inc.

"Graham Tanaka has sensed, well ahead of most, the issues surrounding the possible emergence of 'deflation.' He demonstrates that our measurement processes, tuned as they are to inflation, are not picking up the declines in real prices that are occurring and that we are missing the implications for our economy and corporate strategies."

William C. Dunkelberg, chief economist, National Federation of Independent Business

"Consumers spend on goods and services with the greatest quality improvement rather than merely responding to price information. Thank Graham Tanaka for laying out this and other valuable insights in Digital Deflation. Read it."

Wayne Angell, former Federal Reserve Governor

How the "digital revolution" is driving today's economy and its impact on corporations, government policy, and the stock market

New technologies have transformed how today's economy works. Digital Deflation examines this new economic environment, from how we got here to where we are going. Eye-opening yet solidly grounded, it explains how low inflation and interest rates, coupled with technology-driven productivity gains, will create massive wealth in the coming decades, and benefit stock market P/E multiples over the long term.

Combining insightful analyses with convincing charts and graphs, Digital Deflation provides a clear understanding of how digital technologies will continue to alter every aspect of business. Readers will discover:

Why inflation declined so dramatically in the 1980s and 1990s, and is likely to head even lower
New measures of economic activity and how they will affect policy
The laws of digital deflation how they work and what they mean for corporate decision makers

Mysteries, puzzles, and paradoxes of the new economy
Solving the mystery: missing productivity and the great inflation mismeasure
The theory of digital deflation: faster, better, cheaper
Why the old model didn't work in the 1970's and 1980's
Why economists have difficulty explaining the new economy
Redefining the new economy
The wealth in our future
The new economy stock market
Monetary policy: new "speed limits" for the fed
Fiscal policy and better data in a digitally deflating world
Wise investing in the new economy
Digital democracy: globalization of the new economy
Threats and opportunities: making the world a better place
Closer to deflation than you think
Fireside chat interviews with creators of digital deflation
Appendixes

Caractéristiques techniques

	PAPIER
Éditeur(s)	Mc Graw Hill
Auteur(s)	Graham Tanaka
Parution	13/10/2003
Nb. de pages	418
Format	16 x 23,5
Couverture	Relié
Poids	815g
Intérieur	Noir et Blanc
EAN13	9780071376174