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In the controversy over who should replace Ben Bernanke as Chairman of the US Fed, a fair bit is being made of the fact that Larry Summers is to put it politely a jerk. I can recall how stunned I was that Obama failed to take the obvious opportunity to nail Bush and the Repubs for the crisis, and switch to a single-minded focus on economic recovery. If he had lived up to his reputation, Summers would have pushed this through the White House by demonstrating, beyond any doubt, that Emanuel was the kind of fool he is famed for not suffering gladly. Summers is great at saying the unsayable when it comes to things like shipping toxic waste to poor countries or making baseless speculations about genetics and gender.

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The author an economist and former Google data scientist investigates how internet search data might be the most important dataset ever collected, since it allows us a glimpse to true human behaviors not biased with lies. If you have ever done any market research, you will know that what people say they do is not actually what they do. Internet searches, however, provide real view of the world — almost like a behavior after a truth serum. The book investigates how this data can be used to change our society and culture. The author draws on scientific research on human motivation and business experiences since industrial revolution to demonstrate what motivation should look like in a business world in 21st century.
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In October , as the computer world buzzed about what cool new gadget he would introduce next, Apple CEO Steve Jobs—then presiding over the most dramatic corporate turnaround in the history of Silicon Valley—found himself confronting a life-and-death decision. During a routine abdominal scan, doctors had discovered a tumor growing in his pancreas. While a diagnosis of pancreatic cancer is often tantamount to a swiftly executed death sentence, a biopsy revealed that Jobs had a rare—and treatable—form of the disease. The board decided to say nothing, after seeking advice on its obligations from two outside lawyers, who agreed it could remain silent.
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Like Pee Wee Herman, act like a jerk And get on the dance floor let your body work. I wanted to follow up on a remark from a few years ago about the two modes of pop-economics reasoning:. You take some fact or stylized fact about the world, and then you either 1 use people-are-rational-and-who-are-we-to-judge-others reasoning to explain why some weird-looking behavior is in fact rational, or 2 use technocratic reasoning to argue that some seemingly reasonable behavior is, in fact, inefficient. They wanted Achatz to increase his prices. In this case, Wolfers and Whitehouse are going through some contortions to argue 2.
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