{"product_id":"missing-the-target-mark-j-roe-9780197625620","title":"Missing the Target: Why Stock-Market Short-Termism Is Not the Problem","description":"\u003cstrong\u003eWhy stock-market short-termism is not causing severe damage to the American economy\u003c\/strong\u003e \u003cp\u003e\u003c\/p\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. \u003cp\u003e\u003c\/p\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, \u003cem\u003eMissing the Target\u003c\/em\u003e 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. \u003cp\u003e\u003c\/p\u003e\u003cem\u003eMissing the Target\u003c\/em\u003e 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.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Mark J. Roe\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0197625622\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780197625620\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Oxford University Press, USA\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 04\/29\/2022\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 200\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.99lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.54h x 6.47w x 0.76d","brand":"Mark J. Roe","offers":[{"title":"Hardcover","offer_id":44054769795327,"sku":"9780197625620","price":32.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_5b31ad83-033e-4852-92f5-4ac96128494f.jpg?v=1685031889","url":"https:\/\/www.whiterainbookhouse.com\/products\/missing-the-target-mark-j-roe-9780197625620","provider":"WR Book House","version":"1.0","type":"link"}