Building Wealth

Description

In Building Wealth, noted MIT economist Lester Thurow argues for a fundamental change in the way we as individuals, as companies, and as nations approach spending and saving. Building on the conclusions of his most recent book, The Future of Capitalism, Thurow shows how our current emphasis on spending has displaced an emphasis on investment in basic knowledge, education, and infrastructure. We are on the precipice of disaster if we do not alter our attitudes toward spending.Thurow writes, "History teaches us that societies that do not focus in building quickly die. In the past much of our building has been communal and in the future much of it will have to be communal. Yet there is no current ideology buttressing that reality."In accessible language, Thurow explains the builder's ideology and its commitment to building communal kinds of wealth. It is only through a commitment to building communal kinds of wealth, Thurow argues, that we will maximize opportunities for building personal financial wealth as well.

First Sentence

Two hundred years ago, at the end of the eighteenth and the beginning of the nineteenth century, the industrial revolution brought eight thousand years of agricultural wealth creation to an end.

Subjects

Other Editions

• Building Wealth: The New Rules for Individuals, Companies, and Nations in a Knowledge-Based EconomyPaperbackCollins2000-08-01
• Chisik ŭi chibaeSaenggak ŭi Namu1999-01-01
• Building wealthHarperCollins1999-01-01
• Building WealthElectronic resourceHarperCollins2009-01-01