The New Economics, Third Edition

For Industry, Government, Education

By: W. Edwards Deming

Narrated by: David Stifel

Length: 8 hrs and 15 mins

Publisher's summary

In this book, W. Edwards Deming details the system of transformation that underlies the "14 Points for Management" presented in Out of the Crisis. The "Deming System of Profound Knowledge", as it is called, consists of four parts: appreciation for a system, knowledge about variation, theory of knowledge, and psychology. Describing the prevailing management style as a prison, Deming reveals how applying the System of Profound Knowledge increases productivity, quality, and people's joy in work and joy in learning. Another outcome is short-term and long-term success in the market. Indicative of Deming's philosophy is his advice to abolish performance reviews on the job, to look deeper than spreadsheets for opportunities, and even to rethink how we teach and manage our schools. Moreover, Deming's method enables organizations to make accurate predictions, which is a valuable tool in today's uncertain economic climate.

This third edition features a new chapter (contributed by business consultant and Deming expert Kelly L. Allan) that explains the relevance of Deming's management method, case studies from organizations that have adopted Deming's System of Profound Knowledge, and offers guidance on how organizations can effectively "do Deming".

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©2018 W. Edwards Deming (P)2018 Blackstone Audio, Inc.

If the system is wonky, Don't blame the workers!

This book goes a long way in explaining how truly problems at the top multiply as they roll down to the actual work. One of the nuggets from the book, the Plan, Do, Study, Act concept, can cure many ills in our society. Implementing the concept can restore American leadership in world economics. Great book, extremely well narrated.

great book

this book opened my eyes to a lot of thing put down a rabbit hole got get more of his books.

Great solid book!

I enjoyed listening to this book. So practical… a must read for everyone involved in systems management.

Out Of The Crisis pleease!

Wow! Well, what can I say, this is Dr. Deming, the father of quality.
I and other readers of this book, would really like to hear the Authors' previous book "Out Of The Crisis".
David Stifel does a good job.

Best Book for Set up, Growth, and Continuance

Hands down Deming wins every time! This is a truly great book for business, education, parenting, or anything else that takes doing and managing.

Not exactly what I wanted

I was looking for something that was a little more technical as far as how to implement the Deming system. This book tended to focus more on how great the system is rather than focusing on the system itself.

Over and over

Listen to it over-and-over, Learn something new every listen. I am one number four.

The way to approach management

I enjoyed the detail of ideas to approach the Deming approach. Great access to tools and systems.

Excellent content, excellent reading

I’ve been waiting a long time for Deming to be available on audiobook. It was worth the wait. Excellent reading that really helped elucidate the content. I hope we can get Out of the Crisis and other Deming-related works soon!

Fundamental wisdom for any business and individual

The best compilation of Dr Deming’s wisdom! His last book is an excellent start for anyone new to Deming, and a privilege for all that knew him (or think they know). May the world learn this System of Profound Knowledge soon!