Abstract
‘The New Productivity’ in the context of this chapter refers to a set of ideas including the following.
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(1)
Productivity should include all cost items, not just labour items.
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(2)
Productivity should include both monetary and non-monetary benefits and costs.
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(3)
Productivity should be thought of in a societal sense, not just in terms of individuals, business firms, government agencies, and other sub-societal units.
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(4)
Productivity should be partly stimulated by a careful allocation of government subsidies and tax breaks.
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(5)
The new productivity implies enabling people to be better off through an increase in the total national product, as contrasted with a redistributional approach.
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(6)
The new productivity is part of a cycle of alternating periods of growth and equality in American history.
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(7)
The new productivity seeks to decrease inflation by providing more for one’s money, and to decrease unemployment by enabling workers to produce and earn more in less hours, thereby making more jobs available.
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(8)
The new productivity applies to stimulating productivity in all segments of society including public aid recipients, union members, white collar workers, public sector employees, and corporate executives.
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(9)
An emphasis on technological innovation and diffusion.
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(10)
A motivation to increase the ability of the United States and other countries to compete well in international markets.
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(11)
An emphasis on the development of new and useful ideas through university research.
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(12)
An emphasis on developing better decision-making methods.
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(13)
An emphasis on productivity in public policy-making so as to deal more effectively with social problems.
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(14)
Productivity improvement as a bipartisan and liberal-conservative joint activity.
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Suggested Reading
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© 1988 Policy Studies Organization
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Nagel, S.S. (1988). The New Productivity. In: Kelly, R.M. (eds) Promoting Productivity in the Public Sector. Policy Studies Organization Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-08885-0_13
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