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4min chapter
Nicholas Bloom on Management, Productivity, and Scientific Progress
Conversations with Tyler
The Market for Talent Is Remarkably Inefficient, and That People Don't Do Their Very Best
I see people screwing up all the time, not realizing their potential. I think the market for talent is remarkably inefficient and that people don't do their very best. Then you must think people are remarkably productive and effective, because self help books are very cheap. The advice alice sent you that was for free. So if you think of it in terms of marginal value, given the low price, the marginal gains to being more productive personally, well, you must be very close to the frontier regt. That strikes me as counter intuitive. But i think a lot of it is honest. You see this in firms all the time,. whand we ere out in india,...
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