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Praise for Econovation
"What do China, RFID food,¿¿libertines, and micropreneurs have in common? It's all in Econovation, a fast, fun innovation ride packed with practical advice for those who will make a difference in the next decade. Made so many notes, my pen ran out." —Brandon Rowberry, Vice President, Innovation Development, UnitedHealth Group
"Econovation is that rare gem, an analysis and prescription for our economic problems done with both insight and humor! A must-read for both policymakers and executives." —Sheldon Laube, former Chief Innovation Officer, PricewaterhouseCoopers
"Econovation is a brilliant read and right on the money. Steve's strategic vision is absolutely cutting-edge . . . I'm going to assign it for my executive entrepreneurship class." —Prof. Alex "Sandy" Pentland, founder and Director, Media Lab Entrepreneurship Program, MIT
"In the past, many looked to the government to help spur innovation. But as Steve Faktor so eloquently points out, the winners in the long run will be those who innovate in spite of the government. This fun and easy read provides brilliant insights on how to keep your organization from becoming irrelevant." —Stephen Shapiro, author of Best Practices Are Stupid
Introduction
Econovation?
Why Me? Why Now?
The Next 100 Years
Coming Up in Econovation
Chapter 1 Yesterday
The Riddle of Indulgence in an Age of Constraint
The Way We Were
Right Now
So What?
Chapter 2 Tawdry Tales of a Service Economy
Botox and Other Services
Haves vs. Have-Nots
Fossils and Fledglings
The Power of Intangibles
So What?
Chapter 3 The Next Decade
A Rebalancing: What's Likely, Possible, and Remote
Possible: Crisis Part II - Shaky Demand for US Debt, Inflation and Possible Default
Possible: New Reserve Currency
Likely: Surpluses and Scarcities – China Wants Porterhouses, Too
Likely: Big Cuts, Taxes and Reallocation of Resources
Likely: Battle of the States
Possible: Revenues from the Fringe
Possible: Capital and Talent Flight
Probable: Innovation Stimulation
Definite: Distortions
Remote: Collapse and the Revenge of Mystery Meat?
A Shift in Power, Capital and Priorities
So What?
Chapter 4 Sell Actualization
The Seven Economic Identities
Get Your Free Labor Here!
What Minimum Wage? Tiny Jobs for Tiny Pay
Social Identity as Economic Leverage
Secure Future
So What?
Chapter 5 Build a Capital Magnet
Sell to China, India and Brazil
Change the Model
Become a Foreign Capital Magnet
What US Companies Can Make in the Next Decade
So What?
Chapter 6 Make Makers
Education Complications
Fix the Core
Automate: Rise of the Machines
Repair School Financing
Empower Makers
So What?
Chapter 7 Liberate Micropreneurs
Splice Entrepreneurship into Education
Gain Access to Capital
Close the Confidence and Knowledge Gaps
Disneyfication for Micropreneurs
So What?
Chapter 8 Build an “Incentive-Nation”
Touched by the Hand of Go...vernment
Price, Love and Understanding
Pricing and Incentive Models with a Future
The End of Money
So What?
Chapter 9 Unfinished Business
The Missing Link
Nobody's Bitch
Appendix
Applying Econovation
How the Sausage Was Made
Approach
Hindsight to Foresight
All Together Now
About the Author
Index
Overview
Praise for Econovation
"What do China, RFID food,¿¿libertines, and micropreneurs have in common? It's all in Econovation, a fast, fun innovation ride packed with practical advice for those who will make a difference in the next decade. Made so many notes, my pen ran out." —Brandon Rowberry, Vice President, Innovation Development, UnitedHealth Group
"Econovation is that rare gem, an analysis and prescription for our economic problems done with ...