The New Economics: For Industry, Government, Education, Third Edition

  • 8h 15m 18s
  • W. Edwards Deming
  • Blackstone Audio, Inc. dba Blackstone Publishing
  • 2018

In this book, W. Edwards Deming details the system of transformation that underlies the "14 Points for Management" presented in Out of the Crisis. The "Deming System of Profound Knowledge", as it is called, consists of four parts: appreciation for a system, knowledge about variation, theory of knowledge, and psychology. Describing the prevailing management style as a prison, Deming reveals how applying the System of Profound Knowledge increases productivity, quality, and people's joy in work and joy in learning. Another outcome is short-term and long-term success in the market. Indicative of Deming's philosophy is his advice to abolish performance reviews on the job, to look deeper than spreadsheets for opportunities, and even to rethink how we teach and manage our schools. Moreover, Deming's method enables organizations to make accurate predictions, which is a valuable tool in today's uncertain economic climate.

In this Audiobook

  • Chapter 1 How Are We Doing?
  • Chapter 2 The Heavy Losses
  • Chapter 3 Introduction to a System
  • Chapter 4 A System of Profound Knowledge
  • Chapter 5 Leadership
  • Chapter 6 Management of People
  • Chapter 7 The Red Beads
  • Chapter 8 Shewhart and Control Charts
  • Chapter 9 The Funnel
  • Chapter 10 Some Lessons in Variation
  • Chapter 11 Why Deming? … Why Now More Than Ever!