他写的那本《The Volatility Machine》（波动机器）是我读过讲 global macro 最好的一本之一。可能由于出版时机的缘故，这本书一直没太火起来，处于一种被低估的状态。
His book "The Volatility Machine" was one of the best I have ever read on global macro. Perhaps due to publication timing, it's managed to stay under the radar.
…not seen any Walkman-scale consumer innovations/global successes since Morita. I read somewhere, many years ago, that as many as 11 could be directly traced to him. The macro economist (e.g. see "The Volatility Machine" by Pettis) would argue that there was fabulous amounts of FDI right until 1991, and one side effect of cheap capital is a lot more R&D into "useless" and "risky" things some of which become groundbreaking…
《Traders, Guns and Money》- Satyajit Das、《Debunking Economics》- Steve Keen、《The Volatility Machine》- Michael Pettis
Traders, Guns and Money - Satyajit Das Debunking Economics - Steve Keen The Volatility Machine - Michael Pettis
他写的那本《The Volatility Machine》（波动机器）是我读过讲 global macro 最好的一本之一。可能由于出版时机的缘故，这本书一直没太火起来，处于一种被低估的状态。
His book "The Volatility Machine" was one of the best I have ever read on global macro. Perhaps due to publication timing, it's managed to stay under the radar.
……自盛田昭夫之后，就没再见过 Walkman 这种级别的消费级创新或全球爆款了。很多年前我不知在哪读到过，多达11款产品可以直接归功于他。宏观经济学家（比如参考 Pettis 的《The Volatility Machine》）会辩称，直到1991年之前一直有极其惊人规模的 FDI，而廉价资本的一个副作用就是会有更多研发资金流向“无用”和“高风险”的东西，其中一些最终蜕变成了开创性的……
…not seen any Walkman-scale consumer innovations/global successes since Morita. I read somewhere, many years ago, that as many as 11 could be directly traced to him. The macro economist (e.g. see "The Volatility Machine" by Pettis) would argue that there was fabulous amounts of FDI right until 1991, and one side effect of cheap capital is a lot more R&D into "useless" and "risky" things some of which become groundbreaking…