High Wages: The Engine of Economic Growth and Well-Being

What sometimes gets overlooked is that Adam Smith not only became the “father of capitalism” by writing The Wealth of Nations; he also wrote The Theory of Moral Sentiments. Empathy matters, and this week’s guest Morris Altman argues that sustainable capitalism practices fairness. Too often the basic economic needs of rank-and-file workers are overlooked in a global economic where the wealthy call the shots. From anti-immigrant rhetoric to events in Ukraine, this is a timely episode that subjects the purported move from shareholder capitalism to stakeholder capitalism to skeptical examination. Want more engaged workers? To achieve that goal, make them more truly empowered, with their input acted on and rewarded alike.

Released today: episode #106A of my podcast series “Dan Hill’s EQ Spotlight,” featuring Morris Altman, discussing Worker Satisfaction and Economic Performance. Click on https://newbooksnetwork.com/category/special-series/dan-hills-eq-spotlight to get to the new episode.

Images of author --- and his new book titled "Worker Satisfaction and Economic Performance: Microfoundations of Success and Failure" for Dan Hill's EQ Spotlight Podcast, episode number 106, titled "High Wages: The Engine of Economic Growth & Well-Being". Available on the "NewBooks Network" Podcast.

Morris Altman is the Dean of the University of Dundee’s School of Business. He’s published over 130 referred papers and 17 books. He’s also held academic posts at the University of Saskatchewan, Victoria University, Newcastle University, and at Hebrew University, Stanford, Cornell and Duke.

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Dan Hill, PhD, is the president of Sensory Logic, Inc. His latest book, available on Amazon is Blah, Blah, Blah: A Snarky Guide to Office Lingo.

Confident Money

What goes around, comes around—and that is especially true when it comes to behavioral economics. Who was quick to recognize that emotions drive people’s financial decisions and behavior? The answer is Adam Smith, who was both instrumental in creating the field of economics and a moral philosopher to boot. In that same vein is my guest this week, Nika Kabiri, who knows the Confirmation Bias is among the most important factors to navigate in helping her clients make their investment choices. Along the way, this conversation takes in the movie The Big Short, Federal Reserve Board chairman Jerome Powell, and what may lay ahead for an economy trying to emerge from the ravages of Covid-19. Five types of investors are likewise discussed in this episode, from the more-is-better investor to the what-has-always-worked investor. Figure out which type of investor you are, and how you can become more confident about your investment strategy.

Released today: episode #79 of my podcast series “Dan Hill’s EQ Spotlight,” featuring Nika Kabiri discussing Money off the Table: Decision Science and the Secret to Smarter Investing. Click on https://newbooksnetwork.com/category/special-series/dan-hills-eq-spotlight to get to the new episode.

Images of Author Nika Kabiri and her New book "Money Off The Table" written with Tony Sablan. For Dan Hill's EQ Spotlight Episode 79

Nika Kabiri teaches Decision Science at the University of Washington, and is the founder and owner of Kabiri Consulting LLC, where she uses Decision Science to help businesses grow.

Image of NewBooks Network logo and Dan HIll's EQ Spotlight podcast logo

Dan Hill, PhD, is the president of Sensory Logic, Inc. His latest book, available on Amazon is Blah, Blah, Blah: A Snarky Guide to Office Lingo.