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An Analysis of James Surowiecki's The Wisdom of Crowds Why the Many are Smarter than the Few and How Collective Wisdom Shapes Business Econ

An Analysis of James Surowiecki's The Wisdom of Crowds Why the Many are Smarter than the Few and How Collective Wisdom Shapes Business Econ

In The Wisdom of Crowds New Yorker columnist Surowiecki explores the question of whether the many are better than an elite few – no matter their qualifications – at solving problems promoting innovation and making wise decisions. Surowiecki’s text uses multiple case studies and touches on the arenas of pop culture sociology business management and behavioural economics among others. Surowiecki’s is a fascinating text that is key to considerations and theorisations about economics politics and sociology. | An Analysis of James Surowiecki's The Wisdom of Crowds Why the Many are Smarter than the Few and How Collective Wisdom Shapes Business Econ

GBP 6.50
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An Analysis of Ha-Joon Chang's Kicking Away the Ladder Development Strategy in Historical Perspective

An Analysis of Ha-Joon Chang's Kicking Away the Ladder Development Strategy in Historical Perspective

South Korean economist Ha-Joon Chang used his 2003 work Kicking Away The Ladder to challenge the central orthodoxies of development economics using his creative thinking skills to shine new light on an old topic. Creative thinkers are often distinguished by their willingness to challenge received ideas and this is a central aspect of Chang’s work on development. Before Chang the received wisdom was that developing countries needed the same kinds of economic policies and institutions as developed countries in order to enjoy the same prosperity. But as Chang pointed out the historical evidence showed that First World economic success was in fact due to exactly the kinds of state intervention that modern development orthodoxy shuns. Western affluence is the product of precisely the kinds of state control – of protectionism and the setting of price tariffs – that developed countries have since denied the developing world in the name of economic freedom and ‘best practice. ’ By insisting that Third World nations should adopt these economic policies themselves argued Chang the West is actually stifling Third World economic prospects – kicking away the ladder. His carefully reasoned argument for a novel point of view was closely based on the critical thinking skill of producing novel explanations for existing evidence and led many to question development orthodoxies – sparking a rethink of modern development strategies for less-developed countries. | An Analysis of Ha-Joon Chang's Kicking Away the Ladder Development Strategy in Historical Perspective

GBP 6.50
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An Analysis of Hanna Batatu's The Old Social Classes and the Revolutionary Movements of Iraq

An Analysis of Hanna Batatu's The Old Social Classes and the Revolutionary Movements of Iraq

How do you solve a problem like understanding Iraq? For Hanna Batatu the solution to this conundrum lay in generating alternative possibilities that effectively side-stepped the conventional wisdom of the time. Historians had long held that Iraq – like other artificial creations of ex-colonial European powers who drew lines onto the world map that ignored longstanding tribal ethnic and religious ties – was best understood by delving into its political and religious history. Batatu used the problem solving skills of asking productive questions and generating alternative possibilities to argue that Iraq’s history was better understood through the lens of a Marxist analysis focused on socio-economic history. The Old Social Classes concludes that the divisions present in Iraq – and exposed by the revolutionary movements of the 1950s – are those characterized by the struggle for control over property and the means of production. Additionally Batatu sought to establish that the most important political movements of the time notably the nationalist Ba'athists and the pan-Arab Free Officers Movement had their origins in a homegrown communist ideology inspired by local conditions and local inequality. By posing new questions – and by undertaking a vast amount of research in primary sources a rarity in the history of this region – Batatu was able to produce a strong new solution to a longstanding historiographical puzzle. | An Analysis of Hanna Batatu's The Old Social Classes and the Revolutionary Movements of Iraq

GBP 6.50
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An Analysis of Michael E. Porter's Competitive Strategy Techniques for Analyzing Industries and Competitors

An Analysis of Michael E. Porter's Competitive Strategy Techniques for Analyzing Industries and Competitors

Michael E. Porter’s 1980 book Competitive Strategy is a fine example of critical thinking skills in action. Porter used his strong evaluative skills to overturn much of the accepted wisdom in the world of business. By exploring the strengths and weaknesses of the accepted argument that the best policy for firms to become more successful was to focus on expanding their market share he was able to establish that the credibility of the argument was flawed. Porter did not believe such growth was the only way for a company to be successful and provided compelling arguments as to why this was not the case. His book shows how industries can be fragmented with different firms serving different parts of the market (the low-price mass market and the expensive high-end market in clothing for example) and examines strategies that businesses can follow in emerging mature and declining markets. If printing is in decline for example there may still be a market in this industry for high-end goods and services such as luxury craft bookbinding. Porter also made excellent use of the critical thinking skill of analysis in writing Competitive Strategy. His advice that executives should analyze the five forces that mold the environment in which they compete – new entrants substitute products buyers suppliers and industry rivals – focused heavily on defining the relationships between these disparate factors and urged readers to check the assumptions of their arguments. Porter avoided technical jargon and wrote in a straightforward way to help readers see that his evaluation of the problem was strong. Competitive Strategy went on to be a highly influential work in the world of business strategy. | An Analysis of Michael E. Porter's Competitive Strategy Techniques for Analyzing Industries and Competitors

GBP 6.50
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