In the process, she's provided me, and all of us, a great service." Robert B. "With sound reasoning and hard evidence, Krakovsky exploded my belief that the rise of the Internet spells the demise of the intermediary. But most importantly, The Middleman Economy provides the necessary tools to avoid predators and parasites and find the partners that will lubricate and accelerate our success in life.' Adam Galinsky, Professor of Business, Columbia Business School and co-author of Friend & Foe Her captivating examples and precise typology capture the vast reach and diversity of middlemen in every aspect of our lives. 'Krakovsky reveals a riveting truth: we are all middlemen. 'Although technology has brought us to a more interconnected world, Marina Krakovsky, with captivating examples, brilliantly describes the irreplaceable role of the middleman in a successful economy.' Bill Draper, General Partner of Draper Richards L.P., and author of The Startup Game Neale, Professor of Management at the Stanford Graduate School of Business and co-author of Getting (More of) What You Want Her captivating and well-researched narrative will convince you of just the opposite that middlemen are even more critical to today's economic and social order, whether they function as Bridges, Enforcers, Certifiers, Risk Bearers, Concierges, or Insulators. 'In The Middleman Economy, Krakovsky has crafted a powerfully persuasive counterpoint to the notion that in today's society, middlemen are obsolete. The Middleman Economy shows you how.' Barbara Corcoran, Founder, The Corcoran Group But the truth is that the person in the middle whether it's a venture capitalist or a real estate broker can create great value: and the best middlemen are true partners who make you a lot of money. 'We often think of a middleman as someone to avoid - the person who stands in the way, or does nothing at all. … Krakovsky devotes a chapter to each of these six roles and quotes prominent contemporary professors and practitioners to make the book relevant for today’s economy. This book provides a unique look at the growing middleman industry, and how most professionals dont see themselves as the middleman yet this is a role. The author points out that they play many roles. As Judge reveals in this much-needed book, direct exchange is both the cornerstone of the solution and a tool for revealing just how much is at stake in decisions about “through whom” to buy, invest and give.“The reality is that middleman now constitute almost a third of the US economy. , online retailer, manufacturer of electronic book readers, and Web services provider that became the iconic example of electronic commerce. Direct exchange reminds us that our actions always and inevitably impact others, as it rekindles an appreciation of our inherent interconnectedness. The process of direct exchange-and the resulting ecosystem of makers and consumers, investors and entrepreneurs-fosters connection and community and helps promote a more just, resilient, and accountable economic system. Drawing on a decade of research, Judge shows how to fight back: Go to the source. They use their massive profits and expertise to lobby lawmakers, tilting the playing field in their favor. They use their troves of data to push people to buy more, and more expensive, products. Middlemen today shape what people do, how they invest, and what they consume. In Direct, Columbia law professor Kathryn Judge shows how overgrown middlemen became the backbone of modern capitalism and the cause of many of its ailments. But the rise of the middleman economy comes at a steep price. Because of middlemen, we enjoy an unprecedented degree of choice and convenience. Over the past thirty years, middlemen have built intricate financial and retail empires capable of moving goods across the country and around the world-transforming the economy and our lives. These are known in the industry under the name PBMs. T Recently, the Federal Trade Commission opened an inquiry into practices of pharmacy benefits managers. Finance expert, law professor, and fellow overwhelmed consumer Kathryn Judge investigates the surprising ways that middlemen have taken control of the economy at the expense of the rest of us, and provides practical guidance about how to regain control, find more meaning, and contribute to a more sustainable economy. How the Middleman Economy Makes Everything More Expensive.
0 Comments
Leave a Reply. |