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Betterness: Economics for Humans (Kindle Single) [Kindle Edition]

Umair Haque
4.0 out of 5 stars  See all reviews (22 customer reviews)

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Book Description

Betterness: Economics for Humans is a powerful call to arms for a post-capitalist economy. Umair Haque argues that just as positive psychology revolutionized our understanding of mental health by recasting the field as more than just treating mental illness, we need to rethink our economic paradigm. Why? Because business as we know it has reached a state of diminishing returns—though we work harder and harder, we never seem to get anywhere. This has led to a diminishing of the common wealth: wage stagnation, widening economic inequality, the depletion of the natural world, and more. To get out of this trap, we need to rethink the future of human exchange. In short, we need to get out of business and into betterness.

HBR Singles provide brief yet potent business ideas, in digital form, for today's thinking professional.

Editorial Reviews Review

Business writer and thinker Umair Haque minces no words when he declares, "The corporation as you know it is obsolete." Betterness argues that we're entering a new era. Say goodbye to the industrial-age business mentality which seeks financial returns for shareholders above all else. The problem with a single-minded obsession with short-term financial profits is that it often harms communities, nature, and future generations. Haque argues that such a pursuit also leads to the destruction of "higher-order wealth"--the social, intellectual, and emotional capital that fulfills our lives. Businesses, he says, can pursue financial capital and the other kinds of capital that fuel human potential. Consumers are beginning to demand things that make them feel relationally, spiritually, physically, and creatively fulfilled. The business of "betterness" inspires an authentically good life, elevates and enlightens us, and increases our human potential. Haque's writing is exciting, motivating, and infectious. Yet it's also practical. He examines a handful of companies that focus on building human potential and nurturing our collective welfare, and he shows how they are doing it. For business leaders he offers concrete steps to begin a transformation from within. The question is, are we ready "to become the dauntless authors of our destinies again?" --Paul Diamond

Product Details

  • File Size: 211 KB
  • Print Length: 64 pages
  • Publisher: Harvard Business Review Press (December 15, 2011)
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • ASIN: B006K5K5GI
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Not Enabled
  • Lending: Not Enabled
  • Amazon Best Sellers Rank: #377,784 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

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21 of 21 people found the following review helpful
3.0 out of 5 stars The bumpy road to Betterness December 22, 2011
Format:Kindle Edition|Verified Purchase
At the start of the workweek when you walk in the door how do you feel about your job - jazzed, satisfied, thinking that there's some sort of purpose to what you do.

You do? You're in the woeful minority.

More likely, says Umair Haque, you're like two-thirds of your co-workers who are feeling uninspired, frustrated, and maybe even a little suffocated. You're the flip side of engaged. Haque would like that to change.

He wants to initiate a paradigm shift from negative to positive - in the way you feel about work but more importantly in the way business works. That's a big, heady challenge but Haque thinks there's much to gain if we say goodbye to the industrial age and focus instead on a new day that emphasizes the value of human capital.

It's a new paradigm that challenges companies to focus on achieving their own potential instead of engaging in competition to defeat rivals. The engine of business needs to recalibrate and begin striving for and measuring growth in human potential rather than financial profit, Haque argues.

"What if the future of commerce and enterprise is as different as its present is from its past? . . . I believe it can do so - and more vitally, that we must make it do so."

The new paradigm involves a shift to what Haque labels "Betterness." That's a place where instead of pursuing return for shareholders, business looks more at investing in human potential and concentrates on providing the essentials that enrich life - relationships, fulfillment, accomplishment and enduring achievement. These are emotional rather than financial rewards. And they're intrinsically more important, Haque asserts.

He has a list of companies he's watching that may be in the vanguard of change.
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15 of 16 people found the following review helpful
5.0 out of 5 stars Fascinating, entertaining, and motivating. December 26, 2011
By Jeffrey
Format:Kindle Edition|Verified Purchase
It is very difficult to find anything wrong with this gem...besides it being too short.

As noted in my headline it is:

Fascinating: Although I am somewhat conversant in broad economic theory, I learned a tremendous amount in a short time. Even if you don't agree with everything that Umair says, I would be shocked if anyone without an advanced economics degree or background in Classical Greek would not learn something useful. (As well as some new vocabulary.)

Entertaining: The book is written with style, as well as a great bit of wit and humor for such a serious and grand subject. However, the language with which the book is constructed is beautiful. I felt as if I was reading fine literature much of the time as much as a business treatise.

Motivating: I suppose this would depend much on your view of what Umair is expressing here. If you agree, you will likely find yourself motivated to do something about it. If you don't agree...well, see point number 1. It's not a "meh" scenario.

Prior to my reading this book I was not a fan of Umair, mainly I suppose as I had very little awareness of him. That has certainly changed on both counts.

Highly recommended.
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7 of 7 people found the following review helpful
5.0 out of 5 stars A call to change the way we do business December 23, 2011
Format:Kindle Edition|Verified Purchase
For such a short read, Umair Haque's second book offers up more of this profound thinker's forward-looking ideas on reimagining the way we do business. Not an anti-business screed, Haque is perfectly happy for us all to make money. But what else is there? Where is the real, tangible, actual good for humanity in the way we do things

Haque's vision of changed business will make me sit down and articulate how my business behaves in a world where we conduct "betterness" instead. So too, to evaluate who I do business with.

How are you doing "betterness"?
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6 of 6 people found the following review helpful
5.0 out of 5 stars Fixing broken business December 29, 2011
Format:Kindle Edition|Verified Purchase
What if we stopped thinking of economics as a negative paradigm - the art of removing problems such as barriers to commerce - and started thinking of it as a positive paradigm, involving maximizing potential? That is a question which Umair Haque asks at the start of this book. What if commerce can make us better off in bigger and more human ways than simply "having"?

The fundamental assumptions of business as we know it include shareholder value creation, mass production, hierarchical management, and disposable goods made for consumers. The jobs that most organizations offer most people seem unfulfilling. The "visions" that companies have are typically unexciting. We measure a country's prosperity in terms of industrial output, GDP, but we ignore more important things like the emotional, social, intellectual, physical and ethical growth of humans.

The book goes on to suggest a better path to future prosperity, consisting of:

* Eudaimonia: a good life, which is meaningfully rich - with relationships, ideas, emotion, health, fulfilment, great accomplishment and enduring achievement.
* Poeisis: generating new wealth, and multiplying the Common Wealth, as opposed to net-destructive forms of competition such as rent seeking.
* Arête: virtue - habits and patterns of behaviour that seed and nurture eudaimonia, replacing "vision-mission-strategy-objectives" with "ambition-intention-constraints-imperatives".
* Kairos: critical junctures, when opportunities emerge and unexpected, unimagined, transformative new paths can be chosen.

The author's enthusiasm for his vision of the new future probably exceeds that of his average reader, but his diagnosis of the malaise of the present certainly resonates.
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Most Recent Customer Reviews
1.0 out of 5 stars One Star
Very general and non-specific.
Published 6 months ago by Amazon Customer
4.0 out of 5 stars https: //www. facebook.
Published 10 months ago by Martin Bohle
2.0 out of 5 stars A Good Start
A compelling start to an idea that I would have liked more depth on. Output and consumption are rendered useless if not diametrically opposed to the concept of betterness. Read more
Published 15 months ago by Jessica
5.0 out of 5 stars A great read!
I really enjoyed reading this.
It was stimulating and eye opening and a must read for all economists and anyone interested in new-models of economics
Published 15 months ago by F. Hind
5.0 out of 5 stars Revolutionary
Haque describes a future I want for my children. Betterness trumps business in every way, unless you're part of the 1%.
Published 15 months ago by Jyri Paavilainen
5.0 out of 5 stars Prescient
I think Umair is one of the best thinkers on the planet today. His writing is clear and direct.

This could have been a longer work and I'd have lapped it. Read more
Published 15 months ago by SK
2.0 out of 5 stars If opinions made for books...
The book spends most of the time discussing that mere profits and GDP growth are not enough and that an economy that empowers humans should be the aspiration... Read more
Published 16 months ago by Marcos Polanco
4.0 out of 5 stars A plausible way out of our mess
It shows one potential way the world may direct itself to get out of the current instability. It may be considered as an hypothesis explaining many current phenomena, that are now... Read more
Published 20 months ago by Roberto Gejman Frank
5.0 out of 5 stars Money isn't everything
We all know that money isn't everything . . . or do we? Mr. Haque suggests that because our economies are based solely on money, we (oftentimes unwittingly) sacrifice happiness... Read more
Published on April 1, 2013 by Amazon Customer
5.0 out of 5 stars Betterness is Fantastic
Absolutely fantastic book. It clearly spells out the need to move toward improvement, not just fix what is wrong, or the pathology perspective. Read more
Published on February 3, 2013 by Craig M. Becker, Ph.D.
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