Tuesday, August 07, 2012

Moynihan, "The continued economic decline of the West" (2012)


Update: Newer, 2013 version of this talk
Jon Moynihan, "Reflecting on the Continuing Economic Decline of the West," Bristol Distinguished Executives Address, Bristol Business School, University of the West of England, PA Consulting Group, 9 October 2013.

Jon Moynihan, Wikipedia.

Original post:
Jon Moynihan, "The continued economic decline of the West: Diagnosis and prognosis," London School of Economics, 23 February 2012.

Video of the talk at:
http://www.youtube.com/watch?v=K-y2aqYwOQ0
Slides at:
http://www.businessinsider.com/jon-moynihan-decline-of-the-west-2012-8#-1

Further reading slide:

(The "Further reading" slide flashes by quickly at the end of the talk video. A version of the slide is available at:
http://www.businessinsider.com/jon-moynihan-decline-of-the-west-2012-8#-95
However, the items listed in the slide at businessinsider.com differ slightly from the slide in the talk video. I've listed all items in both slide versions here.)

Michael C. Jensen, "The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems," Journal of Finance, pages 831-880, July 1993.

Correlli Barnett. The Lost Victory: British Dreams, British Realities, 1945-1950. Faber & Faber, 2011.
http://www.amazon.com/Lost-Victory-British-Realities-1945-1950/dp/0571282652/

Carmen Reinhart & Ken Rogoff. This Time is Different: Eight Centuries of Financial Folly. Princeton University Press, 2009.
http://www.amazon.com/This-Time-Different-Centuries-Financial/dp/0691152640/

John Brooks. Once in Golconda: A True Drama of Wall Street 1920-1928. Originally published in 1969; more recent reprints available.
http://www.amazon.com/Once-Golconda-Drama-Street-1920-1928/dp/0471357529/

Michael Lewis. The Big Short. Norton, 2010.
http://www.amazon.com/Big-Short-Inside-Doomsday-Machine/dp/0393338827/

Amy Chua. World on Fire. Doubleday, 2002.
http://www.amazon.com/World-Fire-Exporting-Democracy-Instability/dp/0385721862/

Eric Kaufmann. Shall the Religious Inherit the Earth?: Demography and Politics in the Twenty-First Century. Profile Books, 2011.
http://www.amazon.com/Shall-Religious-Inherit-Earth-Twenty-First/dp/1846681448/

Daniel Gilbert. Stumbling on Happiness. Knopf, 2006.
http://www.amazon.com/Stumbling-Happiness-Daniel-Gilbert/dp/1400077427/

Daron Acemoglu & James Robinson. Why Nations Fail: The Origins of Power, Prosperity, and Poverty. Crown Business, 2012.
http://www.amazon.com/Why-Nations-Fail-Origins-Prosperity/dp/0307719219/

Charles Gasparino. The Sellout: How Three Decades of Wall Street Greed and Government Mismanagement Destroyed the Global Financial System. HarperBusiness, 2009.
http://www.amazon.com/The-Sellout-Government-Mismanagement-Destroyed/dp/0061697176/

Matt Ridley. The Rational Optimist: How Prosperity Evolves. Harper, 2010.
http://www.amazon.com/Rational-Optimist-Prosperity-Evolves-P-S/dp/0061452068/



Moynihan's talks from 2009:

"The Future of the Economy," 22 January 2009
http://techtv.mit.edu/videos/2127

"Economic decline of the West," 10 October 2009
http://techtv.mit.edu/videos/4736


Note that Moynihan's 2012 talk reflects the realization of the issues
warned by James Goldsmith in this 1994 Charlie Rose interview:
https://www.youtube.com/watch?v=wwmOkaKh3-s
Goldsmith's arguments are somewhat paradoxical since he was instrumental in the de-industrialization of Britain during the 1970s (and of the USA during the 1980s) from which he profited greatly. If you haven't seen this Goldsmith interview yet, I strongly recommend it.