The relationship between the number of hours worked and productivity has long fascinated economists and management. It is a central component of the production function that translates inputs to outputs. While increasing the number of hours someone works may increase output, this incisive book demonstrates that there are diminishing returns to long working hours. John H. Pencavel provides an overview of how the length of working hours evolved from the 19th century to today and how the number of working hours affects work performance and other outcomes, including health, well-being, and wages. Diminishing Returns at Work provides a brief history of working hours both in the United States and Britain, including the influence of trade unions pushing for shorter hours of work, the tension with employers who resisted reducing hours, and the influence of legislation and custom. Pencavel discusses various conceptual frameworks for specifying production functions that measure the relationship between inputs and outputs and develops an alternative approach to estimate actual relationships through a reevaluation of classic studies, including the productivity of munitions workers in Britain during the First and Second World Wars and plywood mills in Washington during the 1980s among others. The declining effectiveness of long hours is manifested not only in marketable output but also in a rising probability of ill-health and accidents, and evidence of this has been found both for blue-collar workers and for white-collar workers. In short, shorter hours of work might benefit both firms and workers.

A set of state of the art empirical analyses at the country, regional, and global level that work from a new theoretical framework that analyzes the politics of growth and stagnation. As highlighted by the recent debate on 'secular stagnation,' economic growth has slowed down considerably, and this has given rise to a host of new problems, from financial instability to the collapse of mainstream parties. What happens when growththe main mechanism of capitalist legitimationis harder to come by and less broadly shared? And how should we think about capitalist diversity in the context of global stagnation? In Diminishing Returns, Lucio Baccaro, Mark Blyth, and Jonas Pontusson address these questions by bringing together a number of comparative and international political economists with expertise across many different countries and regions. Going beyond the methodological nationalism common in most comparative research, each author departs from a common theoretical framework, the Growth Model Perspective, and contributes to develop it further. The outcome is a new theoretical framework to help social scientists, policymakers, and opinion makers, understand the politics of growth and stagnation, which offers state of the art empirical analyses at the country, regional, and global level.

"We are all recycled people." Time has stopped and people are no longer living in the Present Pause. Disenchanted with Nostalgia Incorporated's Time Travel Experience and the memory loss it causes, a former musician turned sanitation worker spends his time sorting through a lonesome world of trash left behind by humanity while he composes a letter to his younger self. The desire for the most insignificant of changes may be his last desperate connection to existence. When he meets a dead girl, the subject matter of his letter changes. Her apparent suicide has been halted by the Pause, leaving a bullet spinning, locked in time next to her head. Their interactions bleed into his letter and he begins to understand that her wisdom reaches far beyond his comprehension. As his letter and his compassion for the dead girl grow, he questions his desire for time to continue. The only thing more important than remembering the past is making sure you're not living in it.

Understand the fundamentals of economic productivity This book is a practical and accessible guide to understanding diminishing returns, providing you with the essential information and saving time. In 50 minutes you will be able to: • Understand the theory of diminishing returns and the effects caused by changes in the production process • Analyze the recent interpretations and developments of the theory, and how they can be applied to the current economy • Identify how you can use the theory to avoid diminishing returns in your production through constant innovation ABOUT 50MINUTES.COM | Management & Marketing 50MINUTES.COM provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. In fact, they are the starting point to take action and push your business to the next level.

"Economics will never be able to move beyond these vague predictions because it treats human behavior - individual and social - as the product of expectations and preferences - beliefs and desires - the variables that cannot be measured independently of the actual choices we want to predict. These factors, combined with the economist's commitment to the search for equilibrium solutions to theoretical problems, condemn economic theory to permanent predictive weakness. In the end, Rosenberg's analysis is not merely a critique. His aim is to redefine the scope and value of neoclassical theory, suggesting that its character and most important accomplishments need to be correctly understood to defend economics against the charge that it is a science of diminishing returns."--BOOK JACKET.

Birthday is among the very best of Aira—it will surprise readers new to his work, and will deeply satisfy his many fans Before you know it you are no longer young, and by the way, while you were thinking about other things, the world was changing—and then, just as suddenly you realize that you are fifty years old. Aira had anticipated his fiftieth—a time when he would not so much recall years past as look forward to what lies ahead—but the birthday came and went without much ado. It was only months later, while having a somewhat banal conversation with his wife about the phases of the moon, that he realized how little he really knows about his life. In Birthday Aira searches for the events that were significant to him during his first fifty years. Between anecdotes ,and memories, the author ponders the origins of his personal truths, and meditates on literature meant as much for the writer as for the reader, on ignorance, knowledge, and death. Finally, Birthday is a little sad, in a serene, crystal-clear kind of way, which makes it even more irresistible.

Financial collapses—whether of the junk bond market, the Internet bubble, or the highly leveraged housing market—are often explained as the inevitable result of market cycles: What goes up must come down. In Liquidated, Karen Ho punctures the aura of the abstract, all-powerful market to show how financial markets, and particularly booms and busts, are constructed. Through an in-depth investigation into the everyday experiences and ideologies of Wall Street investment bankers, Ho describes how a financially dominant but highly unstable market system is understood, justified, and produced through the restructuring of corporations and the larger economy. Ho, who worked at an investment bank herself, argues that bankers’ approaches to financial markets and corporate America are inseparable from the structures and strategies of their workplaces. Her ethnographic analysis of those workplaces is filled with the voices of stressed first-year associates, overworked and alienated analysts, undergraduates eager to be hired, and seasoned managing directors. Recruited from elite universities as “the best and the brightest,” investment bankers are socialized into a world of high risk and high reward. They are paid handsomely, with the understanding that they may be let go at any time. Their workplace culture and networks of privilege create the perception that job insecurity builds character, and employee liquidity results in smart, efficient business. Based on this culture of liquidity and compensation practices tied to profligate deal-making, Wall Street investment bankers reshape corporate America in their own image. Their mission is the creation of shareholder value, but Ho demonstrates that their practices and assumptions often produce crises instead. By connecting the values and actions of investment bankers to the construction of markets and the restructuring of U.S. corporations, Liquidated reveals the particular culture of Wall Street often obscured by triumphalist readings of capitalist globalization.

Life's too short to be unhappy at work "I'm working harder than I ever have, and I don't know if it's worth it anymore." If you're a manager or leader, these words have probably run through your mind. So many of us are feeling fed up, burned out, and unhappy at work: the constant pressure and stress, the unending changes, the politics--people feel as though they can't give much more, and performance is suffering. But it's work, after all, right? Should we even expect to be fulfilled and happy at work? Yes, we should, says Annie McKee, coauthor of the bestselling Primal Leadership. In her new transformative book, she makes the most compelling case yet that happiness--and the full engagement that comes with it--is more important than ever in today's workplace, and she sheds new light on the powerful relationship of happiness to individual, team, and organizational success. Based on extensive research and decades of experience with leaders, this book reveals that people must have three essential elements in order to be happy at work: A sense of purpose and the chance to contribute to something bigger than themselves A vision that is powerful and personal, creating a real sense of hope Resonant, friendly relationships With vivid and moving real-life stories, the book shows how leaders can use these powerful pillars to create and sustain happiness even when they're under pressure. By emphasizing purpose, hope, and friendships they can also ensure a healthy, positive climate for their teams and throughout the organization. How to Be Happy at Work deepens our understanding of what it means to be truly fulfilled and effective at work and provides clear, practical advice and instruction for how to get there--no matter what job you have.

Principles of Macroeconomics for AP® Courses 2e covers the scope and sequence requirements for an Advanced Placement® macroeconomics course and is listed on the College Board's AP® example textbook list. The second edition includes many current examples and recent data from FRED (Federal Reserve Economic Data), which are presented in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition was developed with significant feedback from current users. In nearly all chapters, it follows the same basic structure of the first edition. General descriptions of the edits are provided in the preface, and a chapter-by-chapter transition guide is available for instructors.

Machine generated contents note: -- I. Introduction: Why Working Hours? -- II. A Brief History of Working Hours -- III. Conceptual Framework -- IV. Estimates of Production Functions -- V. Further Implications of the Augmented Production Functions -- VI. Hours of Work, Health, and Well-Being -- VII. The Association between Working Hours and Hourly Earnings -- VIII. Concluding Notes