The New Economics for Industry, Government, Education (2nd edition)

Deming WE

Cambridge, Massachusetts, USA: The MIT Press; 2000


Presents the theory of management called the system of Profound Knowledge that consists of four parts: appreciation for a system, knowledge about variation, theory of knowledge, and psychology. Deming describes how a management style based on cooperation rather than competition can help people develop joy in work and learning while also achieving market growth. He explores reasons to get rid of job performance reviews and grades in school.


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