This is a lecture by Peter Drucker for an Edward Jones management course. Drucker begins by discussing the Keynesian welfare state, arguing that the theory that government spending can stimulate the economy has been disproved. Drucker goes on to address the prediction that economic growth would be led by North America, Japan, and Western Europe, arguing that growth has instead been located in Latin American and mainland China, and that there is no one economic superpower that leads in all areas. He then discusses the increase in knowledge workers, people who are paid to do things they learned in school, and a shift in society in which employees more closely resemble volunteers. Drucker characterizes knowledge workers as mobile and demanding of a clear mission, responsibility, a sense that they are making a contribution, and results.
Drucker, Peter F. (Peter Ferdinand), 1909-2005 Edward D. Jones & Co Bachmann, John W Keynesian economics Japan Management Volunteers Lectures and lecturing Blue collar workers African Americans Knowledge workers China
Source
Original DVD disc: Drucker Archives; Box 101B, Video Recordings; Peter Drucker, the American economy in transition, undated
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