The New Economics Companion Lecture 1: How Are We Doing?
Dr. Deming Reveals Our Invisible Decline and What We Can Do About It
UPDATE: You can find this episode, along with a free teaser in the podcasts department, here. Future episodes will be published there for easy access and connecting to other podcasting platforms.
THE AIM for this post is to share with you the next instalment in my experiment to reimagine each of the ten chapters of The New Economics as a lecture Dr. Deming might have delivered at NYU’s Stern Graduate School of Business in the late 1980s around the same time as he was refining the material for his last book. You have been specially-selected to attend this lecture series to learn from the man who taught the Japanese about quality and helped ignite their economic revival.
The hypothesis I am testing is an iteration of the same one that started this newsletter, ie. finding new ways to make Dr. Deming’s teachings more accessible to others, particularly those who like to consume their content as a podcast.
NB: If you are just joining in, you can listen to the pilot episode here - it’s available for both free and paid tier subscribers.
In this lecture Dr. Deming chronicles the invisible decline of North American economies from manufacturing giants to net-importing colonies, and how to begin charting a course out of this crisis to improve competitive position on the basis of quality.
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