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What are the most exciting things going on in business today?

Question: What are the most exciting things going on in business today?

D. Quinn Mills: The most exciting things are two. One is the continue globalization of the economy and the movement into the global economy of more and more nations and more and more people. Then in enormous expansion, of the real economy in the world, by which I mean that great countries like China and India, large populations, have moved into the global trading economy in the last few years, in a dramatic way and, as a result of that, we have rapid economic growth in improving living standards in areas of the world that many of us never expected to see, and that's the most exciting thing going on. The second most exciting thing are the technological advances, which are just enormous and the extremely important and which are I think in some respects for many of us are the most exciting thing that's going on.

Recorded on: 9/27/07

 

 

 

Globalization has and will continue to be the big story in economics, says Mills.

Hulu's original movie "Palm Springs" is the comedy we needed this summer

Andy Samberg and Cristin Milioti get stuck in an infinite wedding time loop.

Gear
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Economists show how welfare programs can turn a "profit"

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Spencer Platt/Getty Images
Politics & Current Affairs
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Unhappy at work? How to find meaning and maintain your mental health

Finding a balance between job satisfaction, money, and lifestyle is not easy.

Videos
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  • "The evidence is that about 70 percent of people are not engaged in what they do all day long, and about 18 percent of people are repulsed," London Business School professor Dan Cable says, calling the current state of work unhappiness an epidemic. In this video, he and other big thinkers consider what it means to find meaning in your work, discuss the parts of the brain that fuel creativity, and share strategies for reassessing your relationship to your job.
  • Author James Citrin offers a career triangle model that sees work as a balance of three forces: job satisfaction, money, and lifestyle. While it is possible to have all three, Citrin says that they are not always possible at the same time, especially not early on in your career.

How the Smiths took over Europe

In more than a dozen countries as far apart as Portugal and Russia, 'Smith' is the most popular occupational surname

Image: Marcin Ciura
Strange Maps
  • 'Smith' is not just the most common surname in many English-speaking countries
  • In local translations, it's also the most common occupational surname in a large part of Europe
  • Ironically, Smiths are so ubiquitous today because smiths were so special a few centuries ago
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The Anthropause is here: COVID-19 reduced Earth's vibrations by 50 percent

The planet is making a lot less noise during lockdown.

Photo by Eric Rojas/Getty Images
Coronavirus
  • A team of researchers found that Earth's vibrations were down 50 percent between March and May.
  • This is the quietest period of human-generated seismic noise in recorded history.
  • The researchers believe this helps distinguish between natural vibrations and human-created vibrations.
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