Are You a Person of High Adjustment Costs When You Need to Adjust?

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I tend to think i'e built up so much knowledge and trest in particularly management and uncertainty innovation, i tend o mostly focus on that. But recently, through, you know, fortuitous luck, is working with another couple of cotes. I try and go out for a walk or a run for about an hour every day and mostly listen to pocas. Is kind of often been a source of ideas. And just you personally, relative to your level of talent, are you a person of high or low adjustment costs when you need to adjust? You now, ot, as we get older and older, it feels like our adjustment costs wed come higher and higher....

What might the electrification of factories teach us about how quickly we’ll adapt to remote work? What gives American companies an edge over their competitors on the international stage? What value do management consultants really provide? Stanford professor Nick Bloom’s research studies how management practices, productivity techniques, and uncertainty shape outcomes across companies and countries.

He joined Tyler for a conversation about which areas of science are making progress, the factors that have made research more expensive, why government should invest more in R&D, how lean management transformed manufacturing, how India’s congested legal system inhibits economic development, the effects of technology on Scottish football hooliganism, why firms thrive in China, how weak legal systems incentivize nepotism, why he’s not worried about the effects of remote work on American productivity (in the short-term), the drawbacks of elite graduate programs, how his first “academic love” shapes his work today, the benefits of working with co-authors, why he prefers periodicals and podcasts to reading books, and more.

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Recorded July 13th, 2020 Other ways to connect

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