Posts Tagged ‘Economics’

Perspectives on Work

I recently finished James Suzman’s fascinating book Work: A Deep History, from the Stone Age to the Age of Robots (Penguin Press, 2021).  He chronicles humans’ work practices over many millennia.  The meaning of work has changed dramatically over this period.  Perspectives that we take for granted emerged much more recently than one might have […]

One Overarching Goal

Many problems and potential fixes are being considered and debated to address the pandemic, associated economic slump, and economic and social inequities. Climate change is hovering in the wings.  How do all these potential initiatives fit together? I think we can integrate all of these ideas by thinking about how they all support pursuit of […]

An Agenda for Change

What needs to change to transform our society in the ways needed to achieve new levels of equality, performance, and value creation?  I have nine suggestions in two broad areas.  In general, we need to move from status quo practices to best practices as shown in the table below.   Function Best Practices Status Quo […]

Dealing With Risks

This is a very risky time. What does that mean?  Risk equals the probability that something unfortunate happens times the consequences of it happening. It seems like both sides of this equation are working against us. So, what to do?  First, we need to differentiate risks to you and the general public. If you have […]

Security Plan

How should we handle the current wave of domestic terrorism?  It has been suggested that armed guards at all schools and houses of worship could solve the problem. Let’s estimate what that would cost, never mind its effectiveness. There are roughly 360,000 houses of worship –  350,000 churches, 4,000 synagogues, and  3,000 mosques.  360,000 times […]

Controlling the Costs of Healthcare

We continue to anguish over escalating healthcare costs.  To gain control of these costs, we need to understand one essential equation.   The total cost of healthcare is Total Cost = Costs Per Use x Number of Uses Careful design of delivery processes to eliminate unwarranted care process variations can decrease the costs per use.  Variations […]