Bøger af Apek Mulay

In 1965, Intel co-founder Gordon Moore, in ""Cramming more components onto Integrated Circuits"" in Electronics Magazine (April 19, 1965), made the observation that, in the history of computing hardware, the number of transistors on integrated circuits doubles approximately every two years. Since its inception in 1965 until recent times, this law has been used in the semiconductor industry to guide investments for long-term planning as well as to set targets for research and development. These investments have helped in a productive utilization of wealth, which created more employment opportunities for semiconductor industry professionals. In this way, the development of Moore's Law has helped sustain the progress of today's knowledge-based economy. While Moore's Law has, on one hand, helped drive investments toward technological and economic growth, thereby benefiting the consumers with more powerful electronic gadgets, Moore's Law has indirectly also helped to fuel other innovationsin the global economy. However, the Law of diminishing returns is now questioning the sustainability of further evolution of Moore's Law and its ability to sustain the progress of today's knowledge based economy. The lack of liquidity in the global economy is truly bringing the entire industry to a standstill and the dark clouds of an economic depression are hovering over the global economy. What factors have been ignored by the global semiconductor industry leading to a demise of Moore's Law? Do the existing business models prevalent in the semiconductor industry pose any problems? Have supply chains made that progress unsustainable? In today's globalized world, have businesses been able to sustain national interests while driving the progress of Moore's Law? Could the semiconductor industry help the entire global economy move toward a radiance of the new crimson dawn, beyond the veil of the darkest night by sustaining the progress of Moore's Law? The entire semiconductor industry isnow clamoring for a fresh approach to overcome existing barriers to the progress of Moore's Law, and this book delivers just that. Moore's Law can easily continue for the foreseeable future if the chip manufacturing industry becomes sustainable by having a balanced economy. The sustainable progress of Moore's Law advocates the ""heresy"" of transforming the current economic orthodoxy of monopoly capitalism into free-market capitalism. The next big thing that everybody is looking forward to after mobile revolution is the ""Internet of Things"" (IoT) revolution. While some analysts forecast that the IoT market would achieve 5.4 billion connections worldwide by 2020, the poor consumer purchasing power in global economy makes this forecast truly questionable. Sustaining Moore's Law presents a blueprint for sustaining the progress of Moore's Law to bring about IoT Revolution in the global economy.

According to the National Bureau of Economic Research (NBER), a deep recession started in the United States in December 2007 and ended in June 2009. However, most people recognize that even though the recession was said to be over, its after-effects lingered well into the next decade, and even in 2017, some ten years later, governments in America and around the world were struggling with problems of low growth, wage stagnation and high poverty. Most economists were caught off guard, and they began to look for new ideas that may be appropriately called NEW MACROECONOMICS. This book examines conventional economics in the context of recent developments. It shows that a new theory, known as the wage-productivity model, explains almost every macro-economic experience of the global economy since 1980. You have to read this theory to believe it. This theory will turn out to be more important than the Keynesian revolution.

Tremendous technological progress in the last half century has exponentially grown productivity as well as increased automation to reduce the costs of operation for businesses. On one hand, ever-growing productivity has reduced requirements for manual labor through automation. But, on other hand, huge unemployment created from reduction of workforce due to automaAtion, has reduced the consumer purchasing power and is indirectly hurting the Return on Investments (RoI). This brings any further progress of technology to a standstill. For technology to progress both supply and demand have to grow. The supply comes from producAtivity of workforce and demand comes from their wages. Hence, free markets must ensure that wages automatically catch up with ever-growing productivity, with minimal government inAtervention. To avoid automation from destroying jobs in an economy, free markets should ensure that working hours of workforce be reduced during the waning phase of economy and increased during its waxing phase.