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Just search new here. Welcome to the HBR Idea Cash from Harvard Business Review.

I'm Sarah Green.

I'm talking today with Roger Martin,

who is Dean of the Rotman School of Management

at the University of Toronto from 1998, 2013. His most recent

HBR article, which we're talking about today, is the rise and likely

fall of the talent economy. Roger, thanks so much for talking with us.

It's always great to talk to you Sarah. Well thank you it's

great to have you back on the show. I thought we could just start by sort of

defining our terms here. When you're talking about the talent economy as opposed to, you know, capital or

labor, how are you defining these kinds of terms?

Sure. What I mean by the talent economy is an economy in which highly specialized talent is the key asset of production for corporations.

So the linchpin asset as opposed to a big large labor force

of well organized but generally fungible labor where you could substitute one for

another if somebody you know falls ill you can easily substitute somebody else in

versus highly specialized labor where oh dear if that programmer

...