The New Economics

The New Economics For Industry, Government, Education - The MIT Press

2nd Edition

Paperback (02 Oct 2000)

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Publisher's Synopsis

In this book W. Edwards Deming details the system of transformation that underlies the 14 Points for Management presented in Out of the Crisis.

"... competition, we see now, is destructive. It would be better if everyone would work together as a system, with the aim for everybody to win. What we need is cooperation and transformation to a new style of management."

In this book W. Edwards Deming details the system of transformation that underlies the 14 Points for Management presented in Out of the Crisis. The system of profound knowledge, as it is called, consists of four parts: appreciation for a system, knowledge about variation, theory of knowledge, and psychology. Describing prevailing management style as a prison, Deming shows how a style based on cooperation rather than competition can help people develop joy in work and learning at the same time that it brings about long-term success in the market. Indicative of Deming's philosophy is his advice to abolish performance reviews on the job and grades in school.

Previously published by MIT-CAES

Book information

ISBN: 9780262541169
Publisher: The MIT Press
Imprint: The MIT Press
Pub date:
Edition: 2nd Edition
DEWEY: 658.4
DEWEY edition: 21
Language: English
Number of pages: 247
Weight: 382g
Height: 229mm
Width: 154mm
Spine width: 17mm