{"product_id":"missing-the-target-why-stock-market-short-termism-is-not-the-problem","title":"Missing the Target: Why Stock-Market Short-Termism Is Not the Problem -USED FIN","description":"\u003cp\u003eWhy stock-market short-termism is not causing severe damage to the American economy\u003c\/p\u003e\u003cp\u003eAccording to many political leaders, pundits, and corporate lawmakers, stock-market-driven short-termism - when corporations prioritize immediate results in the next quarter over their longer-term interests - is harming the American economy. This view, popular in influential circles, sees short-termism as causing sharply declining research and development (R\u0026amp;D), too many stock buybacks, and severe environmental harm. But the data fits badly with this black-and-white representation of short-termism.\u003c\/p\u003e\u003cp\u003eMark J. Roe analyzes the best data on R\u0026amp;D, corporate borrowings and buybacks, and long-term investment trends to show that stock market short-termism is not at the root of these economic problems. The book shows that blaming short-termism overlooks the real causes of declining investment, R\u0026amp;D changes, and environmental deterioration. By pointing to other sources of tension like accelerating technological change, rising political uncertainty, and repeated economic disruptions, Missing the Target argues for a more nuanced understanding of the challenges to the American economy. Roe disproves many of the core claims against short termism. R\u0026amp;D spending, for example, is rising faster than the economy is growing. It's government R\u0026amp;D support that's been falling. Reversing that decline is the best first target for bettering American R\u0026amp;D.\u003c\/p\u003e\u003cp\u003eMissing the Target deepens the discussion of the American economy by analyzing the factors that contribute to current trends and by making a bold but straightforward claim: stock market short-termism is not the problem.\u003c\/p\u003e","brand":"Kicks Mix Bookstore","offers":[{"title":"Default Title","offer_id":47584498647203,"sku":"9780197625620","price":2.79,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0722\/6831\/6835\/files\/9780197625620.webp?v=1776464928","url":"https:\/\/kicksmixbooks.store\/products\/missing-the-target-why-stock-market-short-termism-is-not-the-problem","provider":"Kicks Mix Bookstore","version":"1.0","type":"link"}