The New Economics: For Industry, Government, Education

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MIT Press, 2000 - Business & Economics - 247 pages
6 Reviews

.".". 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

 

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The New Economics

User Review  - Anonymous - Borders

“The New Economics” by W.E. Deming is a revolutionary book about how business should be run. He completely reverses the burden of quality from the operator of the process to the management of the ... Read full review

Great Transformations for Management

User Review  - C.Creason - Borders

W. Edwards Deming’s book The New Economics is one of the most compelling and knowledgeable books I have ever read. Coming from an undergraduate student, it is easy to see the points that Deming is ... Read full review

Contents

How Are We Doing?
1
The Heavy Losses
22
Introduction to a System
49
A System of Profound Knowledge
92
Leadership
116
Management of People
121
The Red Beads
154
Shewhart and Control Charts
172
The Funnel
190
Some Lessons in Variation
207
Continuing Purchase of Supplies and Services
227
Index
235
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About the author (2000)

JOYCE NILSSON ORSINI, PhD, is an associate professor of management systems at Fordham University, the director of Fordham's Deming Scholars MBA program, and president of The W. Edwards Deming Institute.

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