• Average Is Over

    Widely acclaimed as one of the world???s most influential economists, Tyler Cowen returns with his groundbreaking follow-up to the New York Times bestseller The Great Stagnation.,The widening gap between rich and poor means dealing with one big, uncomfortable truth: If you???re not at the top, you???re at the bottom.,The global labor market is changing radically thanks to growth at the high end???and the low. About three quarters of the jobs created in the United States since the great recession pay only a bit more than minimum wage. Still, the United States has more millionaires and billionaires than any country ever, and we continue to mint them.,In this eye-opening book, renowned economist and bestselling author Tyler Cowen explains that phenomenon: High earners are taking ever more advantage of machine intelligence in data analysis and achieving ever-better results. Meanwhile, low earners who haven???t committed to learning, to making the most of new technologies, have poor prospects. Nearly every business sector relies less and less on manual labor, and this fact is forever changing the world of work and wages. A steady, secure life somewhere in the middle???average???is over.,With The Great Stagnation, Cowen explained why median wages stagnated over the last four decades; in Average Is Over he reveals the essential nature of the new economy, identifies the best path forward for workers and entrepreneurs, and provides readers with actionable advice to make the most of the new economic landscape. It is a challenging and sober must-read but ultimately exciting, good news. In debates about our nation???s economic future, it will be impossible to ignore.

  • Discover Your Inner Economist

    Read Tyler Cowen’s posts on the Penguin Blog.,In Discover Your Inner Economist one of America???s most respected economists presents a quirky, incisive romp through everyday life that reveals how you can turn economic reasoning to your advantage???often when you least expect it to be relevant.,Like no other economist, Tyler Cowen shows how economic notions–such as incentives, signals, and markets–apply far more widely than merely to the decisions of social planners, governments, and big business. What does economic theory say about ordering from a menu? Or attracting the right mate? Or controlling people who talk too much in meetings? Or dealing with your dentist? With a wryly amusing voice, in chapters such as ???How to Control the World, The Basics??? and ???How to Control the World, Knowing When to Stop??? Cowen reveals the hidden economic patterns behind everyday situations so you can get more of what you really want.,Readers will also gain less selfish insights into how to be a good partner, neighbor and even citizen of the world. For instance, what is the best way to give to charity? The chapter title ???How to Save the World???More Christmas Presents Won???t Help??? makes a point that is every bit as personal as it is global.,Incentives are at the core of an economic approach to the world, but they don???t just come in cash. In fact, money can be a disincentive. Cowen shows why, for example, it doesn???t work to pay your kids to do the dishes. Other kinds of incentives–like making sure family members know they will be admired if they respect you–can work. Another non- monetary incentive? Try having everyone stand up in your next meeting if you don???t want anyone to drone on. Deeply felt incentives like pride in one???s work or a passing smile from a loved one, can be the most powerful of all, even while they operate alongside more mundane rewards such as money and free food.,Discover Your Inner Economist is an introduction to the science of economics that shows it to be built on notions that are already within all of us. While the implications of those ideas lead to Cowen???s often counterintuitive advice, their wisdom is presented in ordinary examples taken from home life, work life, and even vacation life??? How do you get a good guide in a Moroccan bazaar?

  • Stubborn Attachments

    Growth is good. Through history, economic growth, in particular, has alleviated human misery, improved human happiness and opportunity, and lengthened human lives. Wealthier societies are more stable, offer better living standards, produce better medicines, and ensure greater autonomy, greater fulfillment, and more sources of fun. If we want to continue on our trends of growth, and the overwhelmingly positive outcomes for societies that come with it, every individual must become more concerned with the welfare of those around us. So, how do we proceed?,Tyler Cowen, in a culmination of 20 years of thinking and research, provides a roadmap for moving forward. In this new book, Stubborn Attachments: A Vision for a Society of Free, Prosperous, and Responsible Individuals, Cowen argues that our reason and common sense can help free us of the faulty ideas that hold us back as people and as a society. Stubborn Attachments, at its heart, makes the contemporary moral case for economic growth and delivers a great dose of inspiration and optimism about our future possibilities.,”Tyler Cowen is one of the most intriguing and eclectic thinkers on the planet like many people, I read something by him every day. In Stubborn Attachments he combines economics and philosophy in a truly important achievement. His best, most ambitious and most personal work. -Tim Harford, author of The Undercover Economist,As a means of practicing the altruism that Stubborn Attachments argues for, Tyler Cowen is donating all earnings from this book to a man he met in Ethiopia earlier this year with aspirations to open his own travel business.