Cogs and Monsters
What Economics Is, and What It Should Be
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Cogs and Monsters
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Narrated by:
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Gina Rogers
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By:
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Diane Coyle
About this listen
Digital technology, big data, big tech, machine learning, and AI are revolutionizing both the tools of economics and the phenomena it seeks to measure, understand, and shape. In Cogs and Monsters, Diane Coyle explores the enormous problems - but also opportunities - facing economics today if it is to respond effectively to these dizzying changes and help policymakers solve the world's crises.
Mainstream economics, Coyle says, still assumes people are "cogs" - self-interested, calculating, independent agents interacting in defined contexts. But the digital economy is much more characterized by "monsters" - untethered, snowballing, and socially influenced unknowns. What is worse, by treating people as cogs, economics is creating its own monsters, leaving itself without the tools to understand the new problems it faces. In response, Coyle asks whether economic individualism is still valid in the digital economy, whether we need to measure growth and progress in new ways, and whether economics can ever be objective, since it influences what it analyzes.
Filled with original insights, Cogs and Monsters offers a road map for how economics can adapt to the rewiring of society, including by digital technologies, and realize its potential to play a hugely positive role in the 21st century.
©2021 Princeton University Press (P)2021 Ascent AudioListeners also enjoyed...
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Story5 out of 5 stars 41
It has long been recognized that most standard of living increases are associated with advances in technology, not the accumulation of capital. Yet it has also become clear that what truly separates developed from less developed countries is not just a gap in resources or output but a gap in knowledge. In fact the pace at which developing countries grow is largely determined by the pace at which they close that gap. Therefore, how countries learn and become more productive is key to understanding how they grow and develop, especially over the long term.
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5 out of 5 stars
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tecnico pero vale la pena
- By Anonymous User on 01-27-19
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The Entrepreneurial State
- Debunking Public vs. Private Sector Myths
- By: Mariana Mazzucato
- Narrated by: Callie Beaulieu
- Length: 9 hrs and 33 mins
- Unabridged
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Overall4.5 out of 5 stars 98
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Performance4.5 out of 5 stars 78
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Story4.5 out of 5 stars 77
In this sharp and controversial international best seller, an award-winning economist debunks the pervasive myth that the government is sluggish and inept, and at odds with a dynamic private sector. She reveals in detailed case studies that the opposite is true: The state is, and has been, our boldest and most valuable innovator. Denying this history is leading us down the wrong path. A select few get credit for what is an intensely collective effort, and the US government has started disinvesting from innovation.
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4 out of 5 stars
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Myth Breaker-a new model for innovation
- By Carl A. Gallozzi on 12-12-20
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50 Economics Classics
- Your Shortcut to the Most Important Ideas on Capitalism, Finance, and the Global Economy
- By: Tom Butler-Bowdon
- Narrated by: John Chancer
- Length: 15 hrs and 22 mins
- Unabridged
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Overall4.5 out of 5 stars 39
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Performance5 out of 5 stars 32
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Story5 out of 5 stars 32
Economics drives the modern world and shapes our lives, but few of us feel we have time to engage with the breadth of ideas in the subject. 50 Economics Classics is the smart person's guide to two centuries of discussion of finance, capitalism, and the global economy. From Adam Smith's Wealth of Nations to Thomas Piketty's best-seller Capital in the Twenty-First Century, here are the great books and seminal ideas, clarified and illuminated for all.
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The Future of the Professions
- How Technology Will Transform the Work of Human Experts
- By: Richard Susskind, Daniel Susskind
- Narrated by: John Lee
- Length: 12 hrs and 39 mins
- Unabridged
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Overall4 out of 5 stars 271
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Performance4 out of 5 stars 224
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Story4 out of 5 stars 223
This book predicts the decline of today's professions and describes the people and systems that will replace them. In an Internet society, according to Richard Susskind and Daniel Susskind, we will neither need nor want doctors, teachers, accountants, architects, the clergy, consultants, lawyers, and many others to work as they did in the 20th century.
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3 out of 5 stars
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I Hope It's Not All True
- By John on 05-01-16
By: Richard Susskind, and others
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The Great Degeneration
- How Institutions Decay and Economies Die
- By: Niall Ferguson
- Narrated by: Paul Slack
- Length: 4 hrs and 18 mins
- Unabridged
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Overall4.5 out of 5 stars 307
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Performance4.5 out of 5 stars 260
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Story4.5 out of 5 stars 259
Best-selling author and world-renowned historian Niall Ferguson has won widespread acclaim for thought-provoking works such as Civilization and High Financier. The Great Degeneration tackles nothing less than the decline of Western civilization. Ferguson posits that slowing growth, outrageous debt, and antisocial behavior are contributing to the erosion of the West’s once rock-solid foundations. Ferguson excavates the causes and shows how heroic leadership and radical reform are needed to right the course.
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5 out of 5 stars
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Superb as always!
- By Ivanhoe on 08-28-17
By: Niall Ferguson
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Economics for the Common Good
- By: Jean Tirole, Steven Rendell - translator
- Narrated by: Jonathan Davis
- Length: 18 hrs and 54 mins
- Unabridged
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Overall4.5 out of 5 stars 56
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Performance4.5 out of 5 stars 44
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Story4.5 out of 5 stars 42
When Jean Tirole won the 2014 Nobel Prize in Economics, he suddenly found himself being stopped in the street by complete strangers and asked to comment on issues of the day, no matter how distant from his own areas of research. His transformation from academic economist to public intellectual prompted him to reflect further on the role economists and their discipline play in society. The result is Economics for the Common Good, a passionate manifesto for a world in which economics, far from being a "dismal science," is a positive force for the common good.
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4 out of 5 stars
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A Great Overview of the Challenges of Modern Econ
- By Zach Sullivan on 08-06-18
By: Jean Tirole, and others
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Radical Markets
- Uprooting Capitalism and Democracy for a Just Society
- By: Eric A. Posner, E. Glen Weyl
- Narrated by: James Conlan
- Length: 9 hrs and 7 mins
- Unabridged
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Overall4.5 out of 5 stars 270
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Performance4.5 out of 5 stars 221
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Story4.5 out of 5 stars 223
Many blame today's economic inequality, stagnation, and political instability on the free market. The solution is to rein in the market, right? Radical Markets turns this thinking - and pretty much all conventional thinking about markets, both for and against - on its head. The book reveals bold new ways to organize markets for the good of everyone.
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3 out of 5 stars
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Terrible Reader ruins this book
- By Brian W. Veit on 10-30-18
By: Eric A. Posner, and others
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The End of Normal
- The Great Crisis and the Future of Growth
- By: James K. Galbraith
- Narrated by: L. J. Ganser
- Length: 9 hrs and 27 mins
- Unabridged
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Overall4.5 out of 5 stars 40
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Performance4.5 out of 5 stars 34
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Story4.5 out of 5 stars 34
The years since the Great Crisis of 2008 have seen slow growth, high unemployment, falling home values, chronic deficits, a deepening disaster in Europe - and a stale argument between two false solutions, “austerity” on one side and “stimulus” on the other. Both sides and practically all analyses of the crisis so far take for granted that the economic growth from the early 1950s until 2000 - interrupted only by the troubled 1970s - represented a normal performance.
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The Sovereign Individual
- Mastering the Transition to the Information Age
- By: James Dale Davidson, Peter Thiel - preface, William Rees-Mogg
- Narrated by: Michael David Axtell
- Length: 19 hrs and 20 mins
- Unabridged
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Overall4.5 out of 5 stars 1,395
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Performance5 out of 5 stars 1,124
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Story4.5 out of 5 stars 1,119
Two renowned investment advisors and authors of the best seller The Great Reckoning bring to light both currents of disaster and the potential for prosperity and renewal in the face of radical changes in human history as we move into the next century. The Sovereign Individual details strategies necessary for adapting financially to the next phase of Western civilization.
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3 out of 5 stars
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Unfortunately distopian for mosty of humanity
- By Phil on 09-29-20
By: James Dale Davidson, and others
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The Impulse Society
- America in the Age of Instant Gratification
- By: Paul Roberts
- Narrated by: Edoardo Ballerini
- Length: 9 hrs and 39 mins
- Unabridged
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Overall4 out of 5 stars 65
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Performance4.5 out of 5 stars 54
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Story4 out of 5 stars 54
Paul Robert digs down to the economic roots of the problem, shows how it has metastisized to affect every facet of our lives and our ability to navigate the future. In clear, cogent prose that mixes illuminating analysis and vibrant reporting, Roberts not only tells the fascinating story of how the impulse society came to be, but shows how, perhaps, a healthier society may still be possible.
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4 out of 5 stars
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A Must-Listen for Millenials
- By Doug - Audible on 03-31-15
By: Paul Roberts
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Right Here, Right Now
- Politics and Leadership in the Age of Disruption
- By: Stephen J. Harper
- Narrated by: Stephen J. Harper
- Length: 6 hrs and 32 mins
- Unabridged
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Overall5 out of 5 stars 134
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Performance5 out of 5 stars 122
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Story5 out of 5 stars 122
The world is in flux. Disruptive technologies, ideas, and politicians are challenging business models, norms, and political conventions everywhere. How we, as leaders in business and politics, choose to respond matters greatly. Right Here, Right Now sets out a pragmatic, forward-looking vision for leaders in business and politics by analyzing how economic, social, and public policy trends - including globalized movements of capital, goods, and services, and labor - have affected our economies, communities, and governments.
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5 out of 5 stars
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Excellent book on Politics for Canadians AND Americans
- By John Fernandes on 10-19-18
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System Error
- Where Big Tech Went Wrong and How We Can Reboot
- By: Rob Reich, Mehran Sahami, Jeremy M. Weinstein
- Narrated by: Kaleo Griffith
- Length: 11 hrs and 28 mins
- Unabridged
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Overall4.5 out of 5 stars 63
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Performance4.5 out of 5 stars 53
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Story4 out of 5 stars 53
In no more than the blink of an eye, a naïve optimism about technology’s liberating potential has given way to a dystopian obsession with biased algorithms, surveillance capitalism, and job-displacing robots. System Error exposes the root of our current predicament - how big tech’s relentless focus on optimization is driving a future that reinforces discrimination, erodes privacy, displaces workers, and pollutes the information we get- and outlines steps we can take to change course, renew our democracy, and save ourselves.
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4 out of 5 stars
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Excellent on tech. Weak on political speech.
- By Kindle Customer on 11-05-21
By: Rob Reich, and others
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Sustainability
- A History
- By: Jeremy L. Caradonna
- Narrated by: Edoardo Ballerini
- Length: 8 hrs and 45 mins
- Unabridged
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Overall4.5 out of 5 stars 60
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Performance4.5 out of 5 stars 54
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Story4.5 out of 5 stars 54
Caradonna's unique and concise history broadens our understanding of what "sustainability" means, revealing how it progressed from a relatively marginal concept to an ideal that shapes everything from individual lifestyles, government and corporate strategies, and even national and international policy. For anyone seeking understand the history of those striving to make the world a better place to live, here's a place to start.
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5 out of 5 stars
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Excellent
- By marc grub on 03-06-17
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Red Flags
- Why Xi's China Is in Jeopardy
- By: George Magnus
- Narrated by: Derek Perkins
- Length: 9 hrs and 59 mins
- Unabridged
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Overall4.5 out of 5 stars 593
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Performance4.5 out of 5 stars 491
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Story4 out of 5 stars 488
Over the past four decades, China's remarkable transformation has garnered admiration but also sparked concern. George Magnus draws on his intimate knowledge of this dynamic nation to uncover the origins of its ascent and show why the economic traps it faces at home and the political challenges it faces abroad pose a serious threat to its continued rise.
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4 out of 5 stars
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A pessimistic vision with western liberal bias
- By Jeronimo L. Jimenez on 10-23-20
By: George Magnus
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Adam Smith
- Father of Economics
- By: Jesse Norman
- Narrated by: Jesse Norman
- Length: 13 hrs and 40 mins
- Unabridged
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Overall4.5 out of 5 stars 55
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Performance4.5 out of 5 stars 48
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Story4.5 out of 5 stars 48
A dazzlingly original account of the life and thought of Adam Smith, the greatest economist of all time. In Adam Smith, political philosopher Jesse Norman dispels the myths and caricatures, and provides a far more complex portrait of the man. Offering a highly engaging account of Smith's life and times, Norman explores his work as a whole and traces his influence over two centuries to the present day. Finally, he shows how a proper understanding of Smith can help us address the problems of modern capitalism.
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5 out of 5 stars
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Most excellent book!
- By Harish G. Naik on 03-02-19
By: Jesse Norman
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The Fourth Industrial Revolution
- By: Klaus Schwab
- Narrated by: Nicholas Guy Smith
- Length: 5 hrs and 32 mins
- Unabridged
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Overall4 out of 5 stars 648
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Performance4.5 out of 5 stars 550
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Story4 out of 5 stars 550
World-renowned economist Klaus Schwab, founder and executive chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work.
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1 out of 5 stars
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Friendly reminding : On August 15th, 1971, the dec
- By steve white on 03-24-21
By: Klaus Schwab