We see that javascript is disabled or not supported by your browser - javascript is needed for important actions on the site. Read more

What's New - Home - Login

Member $avings: $81,581,386.76 | Books Available: 793,757 | Members Online: 239

Swap Used Books - Buy New Books at Great Prices!

How To Swap Books Sign Up Search submenu

PBS Market (New Books)

Gift Buying Guide

Book Browser Advanced Search Books Posted Today Member Book Reviews Award Winning Books NYT Best Sellers Amazon Best Sellers Most Traveled Copies Club Wish List

Discussion Forums Book Lists

Club Lists My Book Lists My Watched Lists Create a List

Blog Donations

School Donation Program In Memory of... Military Donation Program Friends of PBS

Box-O-Books Maps The Eclectic Pen Fun Stuff

20 Questions Sudoku Bookmark Creator

Top 100

Requests Posts Swappers Referrers Reviewers

Pulse of PBS Spread The Word

Invite Friends Bookmarks Facebook Page Facebook App More Ways...

Photo Gallery Recipes Club Tag Cloud Member Testimonials

Help Center submenu

How To Swap Books Browse Help Docs Ask the Librarian PBS Member Icons Live Help

Kiosk

PBS Market (New Books) Go Shopping Buy Credits Buy PBS Money Upgrade Membership Gift Certificates Transfer Credits

Need Help?

Search - Future Wealth

Future Wealth
Author: Stanley M. Davis, Christopher Meyer, Christopher Meyer

A radical realignment in the nature of wealth is under way--transforming ordinary individuals into powerful stewards of their own financial futures, and all corporations into risk managers. Deep structural shifts in financial markets and in economic value are profoundly altering the nature of wealth, catapulting most workers from spectators to p... more »layers in the new economy. As of mid-1998, American households controlled 59 percent of all stocks held in the nation, a figure that underscores a fundamental new truth: wealth is not just for the wealthy anymore.In business, change occurs so fast that once-internal management activities, like setting prices, are now migrating into the marketplace. The role of human resource departments will transition from managers of administrative functions to builders of human asset portfolios, as the labor market establishes a price for each employee. And strategic risk units, the complement to strategic business units, will enable companies to identify, isolate, and trade risks in financial markets.In Future Wealth--the companion volume to the authors' bestselling book Blur, and the long-awaited follow-up to Stan Davis' famous Future Perfect--Davis and Meyer offer a compelling vision of what lies ahead. It relies on three major consequences of the newly connected economy: risk as an opportunity, not a threat; the growing efficiency of financial markets for human capital; and the need for new forms of social capital. These three developments are combining in ways that will forever change how individuals, companies, and societies create, accumulate, control, and distribute wealth.According to Davis and Meyer, wealth creation in the Information Age has been more financial (bearing, trading, and managing risks) than real (producing and consuming goods); wealth accumulation is shifting from earned income (salaries) to unearned (investments); and control of wealth is shifting from institutions to individuals. Davis and Meyer describe a world in the not-so-distant future in which we will trade everything of value--including human capital, talent, and other intangibles--in efficient markets. Companies will begin to invest directly in their employees, not secondarily through training and development, and to treat business units as units of financial risk whose worth equals the quality of their intellectual capital. Individuals will think less about jobs and more about investing in their own human capital. As average citizens gain more knowledge about investments, they will begin to accept higher risk for the potential of higher rewards, turning the concept of risk from threat to opportunity. But future wealth will depend not merely on a healthy appetite for risk, but also on stronger social safety nets designed to balance new individual freedoms with commensurate order.From how we work and earn, spend and save, manage our corporations, plan our mortgages, taxes, retirement, and more--the new economy will provide opportunities for every individual to reap unprecedented rewards. Describing both the enormous possibilities and potential consequences of this exciting new world, Davis and Meyer outline the principles that will help make every person's net worth and every corporation's growth add up to a society rich in both the human, financial, and real aspects of wealth.

ISBN-13: 9781565113947
ISBN-10: 1565113942
Publication Date: 8/21/2000
Edition: 2.5 hours/2 cassette
Rating:

0 stars, based on 0 rating

Publisher: Highbridge Audio
Book Type: Audio Cassette
Other Versions: Hardcover
Members Wishing: 0
Reviews: Amazon | Write a Review

Genres:

Business & Money >> Economics >> Theory
Business & Money >> General

Back to the Top ↑

Search - Future Wealth

Loading...