The interview deals with Professor Phelps’ marvelous book, Mass Flourishing, Professor Phelps wrote: “In the West there is a sense that the ‘glorious history of desire and dreams has wound down.” The cause is discussed along with hat can be done to restart the system of ‘desires and dreams.’
Professor Phelps suggests that the decrease in ‘desires and dreams’ will dim the prospects for tax revenues to pay for social insurance, . . . .claims by the baby boomers. How this plays out is discussed.
Retirements and technological advancement reduce employment; where will additional tax revenues come from?
Other important issues mentioned: cronyism, short-termism, corporativism (fascism). Many other topics of general interest.
Larry Parks Interviews Russell Reynolds about his book, Heads: Business Lessons from an Executive Search Pioneer.
Russell S. Reynolds, Jr. is chairman and chief executive officer of RSR Partners, consultants in executive and board search. The firm works with leading and emerging companies to recruit corporate directors, CEOs, and other senior executives in a broad range of industries. RSR Partners has offices in New York, Cleveland, Chicago and Los Angeles and is headquartered in Greenwich, CT.
In 1969, Mr. Reynolds founded Russell Reynolds Associates, Inc., which soon became one of the world’s leading international executive recruiting firms. He sold his interest in the firm in 1993. Prior to the establishment of his own firm, Mr. Reynolds served as a lending officer at J.P. Morgan & Co.
Considered one of the pioneers of today’s executive search profession, Mr. Reynolds has counseled the chairmen, presidents and CEOs of a wide range of companies. He has been a speaker before such groups as the American Society of Corporate Secretaries, The Conference Board and the President’s Dinner in Washington, D.C. He has also been featured on the Today Show, The CBS Evening News and in a British Broadcasting Company documentary. In April 1999, Mr. Reynolds was presented the Gardner W. Heidrick Award by the Association of Executive Search Consultants for outstanding contributions to the profession.
Mr. Reynolds is a former Trustee of the Oppenheimer Mutual Funds, and was a member of the Governance and Audit Committees, and is a Life Trustee of International House. He is a Trustee of The Mary Rose Trust in London and President of the American Friends of the Mary Rose, a fund-raising organization involved in the raising of the Mary Rose, the flagship of Henry VIII which sank in 1545. Mr. Reynolds is a Trustee of Christ Church of Dark Harbor in Islesboro, Maine. He is a former Trustee of the Mystic Seaport Museum. Mr. Reynolds served on the board of the Foreign Policy Association. He also served as Chairman of the George H. W. Bush for President Finance Committee in Connecticut and of the Connecticut Republican Finance Committee. He is Director of the Manhattan Christian Academy in New York City. He served on the Development Committee of the Smilow Cancer Hospital at Yale.
Mr. Reynolds has maintained a lifelong interest and involvement in his native town of Greenwich. He is a former Trustee of the Greenwich Hospital Association, Inc. and former Chairman of its successful $65 million Capital Campaign Committee; an advisory board member of the Greenwich Land Trust; an Advisory Board member of The Historical Society of the Town of Greenwich; and a former Vestryman of Christ Episcopal Church and St. Barnabas Church. In 1990, he published a history of his family in Greenwich, entitled Loyal to the Land. In June 2012, his book Heads, about his experiences in executive search, was released by McGraw-Hill.
A Yale graduate, Mr. Reynolds has held many positions in Yale alumni affairs. He was a First Lieutenant and Navigator-Bombardier in the U.S. Air Force’s Strategic Air Command. He and his wife, Debbie, reside in Greenwich and have three children and eleven grandchildren. Mr. Reynolds is a semi-retired cruising/racing sailor and enjoys skiing, racquet sports, and good music.
Review from Amazon: “
“Philip Howard has been on a lonely crusade for common sense, good government, and other quixotic ideas. He’s done it again with The Rule of Nobody, an utterly compelling and persuasive book that, if followed, could change the way America works—or doesn’t work.” (Fareed Zakaria, author of The Post-American World)
“It’s so damn hard to fix things when people can’t—or won’t—make new choices. This powerful book shows how Washington is sinking in legal quicksand, literally beyond the power of those supposedly ‘in charge.’ Perhaps the only solution, as Howard argues, is to prune out these obsolete laws and chop away on the bureaucracy so that citizens of common sense can roll up their sleeves and get to work again as America has always done. Today, leadership is practically illegal.” (Alan K. Simpson, U.S. senator, Wyo. (retired))
“Philip K Howard has always struck me as an eminently reasonable, articulate advocate for common sense solutions. No wonder no one listens to him.” (Jon Stewart, The Daily Show)
“Philip Howard offers a startlingly fresh slant on what is holding America back. No one is free to make choices, including, especially, government officials. Regulatory law has become a nearly impenetrable web of detailed prohibitions and specifications. Everyone is hamstrung. Dense regulation discourages individuals, communities, and companies from taking new initiatives. It also prevents government officials from making the case-by-case judgment needed for effective regulatory oversight. This is an important reason why it is so expensive to start a business, why healthcare costs have gone through the roof, and why innovation has slowed to a crawl.” (Professor Edmund S. Phelps, 2006 Nobel Prize in Economics and director, Center on Capitalism and Society)
“You’ll laugh and wince and cry at the ridiculous situation America has gotten itself into. Howard shows us how we manufactured the rope we are now hanging ourselves with. Then he shows us how to untie the noose and put America back on the path to trust, competence, and greatness.” (Jonathan Haidt, author of The Righteous Mind)
“This book is so deep, appealing, and rousing that it has the potential to actually move politics out of its current stasis.” (Christopher DeMuth, Distinguished Fellow, The Hudson Institute)
“Amid the liberal-conservative ideological clash that paralyzes our government, it’s always refreshing to encounter the views of Philip K. Howard, whose ideology is common sense spiked with a sense of urgency… [This] book drives home some large truths.” (Stuart Taylor Jr. - The Wall Street Journal)
“Compelling.” (Nick Gillespie - The Wall Street Journal)
“Howard’s proposed fix is witty, and intriguing: a follow-up to the Bill of Rights called the Bill of Responsibilities. These would be five new Constitutional amendments aimed at making government work better.” (Kyle Smith - New York Post)
“Philip K. Howard’s important new book… helps to explain why government at all levels not only is on autopilot but on a flight path that can only end in disaster… The Rule of Nobody ‘envisions a shift in values—away from automatic government and toward a structure that allows humans to make choices needed to adapt to local need and global challenges.’ Well, here’s hoping.” (Nick Gillespie - The Daily Beast)
“A convincing, provocative argument… Howard’s clear, levelheaded descriptions of how things are done elsewhere…proves his point: We really need to figure out a better way to operate, lest the country grind to a halt.” (Jesse Singal - Boston Globe)
“Rather than asking what’s right to do, Howard contends, government asks what the rulebook says to do. As a result, waste occurs, debt rises, schools fail, health-care costs soar, the economy falters—and even problems that seem simple and easy to solve become bureaucratic nightmares.” (Alan Wallace - Pittsburgh Tribune-Review)
“Howard has written a splendid book, as entertaining as it is alarming… I cannot imagine how anyone could read it without responding enthusiastically to his call to arms.” (F.H. Buckley - The American Spectator)
“Howard’s red tape case histories—Medicare and nursing home regulations, for example—boggle the mind… [He] is a caring critic, and his call for citizen groups to ally in the fight for responsible government should be heeded.” (Ronald Goldfarb - Washington Lawyer Magazine)
About the Author
Philip K. Howard, the author of the New York Times bestseller The Death of Common Sense, is the chair of Common Good. He lives in New York City.”