894 Posts Found

As the “invisible hand” of the free market and the competitive individualism it engenders increasingly dominate public life, contends UMass-Amherst economist and MacArthur fellow Folbre (Who Pays for the Kids?), we risk losing the other necessary component of a healthy society: “the invisible heart,” a care system for children, the aged and the infirm. The market does not provide such support, and in the prescribed … [ Read more ]

Content: Book | Author: Nancy Folbre | Subject: Economics

Content: Related Content | Source: CGE&Y Center for Business Innovation (CBI) | Subject: Economics

This slideshow from Sequoia Capital has become quite famous and is, naturally, quite a bit topical. Still, there are some great slides showing long-term economic statistics that could be of long-lasting interest and the overall analysis might be instructive in the future as well given the cyclical nature of economics.

Content: Multimedia Content | Source: Sequoia Capital | Subject: Economics

A strategy as risky as vertical integration can only succeed when it is chosen for the right reasons.

Editor’s Note: includes an excellent look at how markets fail…

Content: Article | Authors: David White, John Stuckey | Source: McKinsey Quarterly | Subject: Economics

While commodities are fungible, goods are tangible, services are intangible, experiences are memorable and transformations are effectual. All other economic offerings have no lasting consequence beyond their consumption.

Content: Quotation | Authors: B. Joseph Pine II, James H. Gilmore | Source: MarketingProfs | Subjects: Economics, Experience

Nobel laureate Edmund Phelps says that Joseph Schumpeter was wrong: Entrepreneurship can generate stable growth.

Content: Article | Author: Glenn Hubbard | Source: strategy+business | Subjects: Economics, Entrepreneurship, People

A former reporter and editor at the New York Times and the Harvard Business Review who now works at PricewaterhouseCoopers, Kurtzman here offers insight into how the stock and bond markets function. He explains how these markets operate and what they do (e.g., package debt in the form of bond offerings, establish pricing for securities and commodities, connect those who seek capital with those who … [ Read more ]

Content: Book | Author: Joel Kurtzman | Subject: Economics

Free To Choose® is an award winning PBS television series featuring Milton Friedman, Nobel Prize-winning economist. IT is about freedom, the interrelationship of personal, political and economic freedom. And it is about the ideas of Milton and Rose Friedman, ideas that still dominate public policy debates decades after they were first proposed.

This is the third of 5 episodes and includes an introduction by Ronald Reagan … [ Read more ]

Content: Multimedia Content | Authors: Gary Becker, Milton Friedman, Sam Bowles | Source: PBS | Subject: Economics

Free To Choose® is an award winning PBS television series featuring Milton Friedman, Nobel Prize-winning economist. IT is about freedom, the interrelationship of personal, political and economic freedom. And it is about the ideas of Milton and Rose Friedman, ideas that still dominate public policy debates decades after they were first proposed.

This is the second of 5 episodes and includes an introduction by George Schultz … [ Read more ]

Content: Multimedia Content | Authors: Michael Walker, Milton Friedman, Steve Cohen | Source: PBS | Subject: Economics

Free To Choose® is an award winning PBS television series featuring Milton Friedman, Nobel Prize-winning economist. IT is about freedom, the interrelationship of personal, political and economic freedom. And it is about the ideas of Milton and Rose Friedman, ideas that still dominate public policy debates decades after they were first proposed.

This is the first of 5 episodes and includes an introduction by Arnold Schwarzenegger … [ Read more ]

Content: Multimedia Content | Authors: David Brooks, James Galbraith, Milton Friedman | Source: PBS | Subject: Economics

A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.

Content: Quotation | Author: Milton Friedman | Subjects: Economics, Politics

Until recently, practically everything “free” was really just the result of what economists would call a cross-subsidy: You’d get one thing free if you bought another, or you’d get a product free only if you paid for a service.

Over the past decade, however, a different sort of free has emerged. The new model is based not on cross-subsidies – the shifting of costs from one … [ Read more ]

Content: Article | Author: Chris Anderson | Source: Wired | Subject: Economics

“History is economics in action,” as Karl Marx noted. Marx, who got almost everything else wrong but most likely got this right, connected economics to everyday reality.

In their famous book The Lessons of History, Will and Ariel Durant explain that economics in action is the contest among individuals, groups, classes, and states for food, fuel, materials, and economic power.

Content: Quotation | Author: Darrol J. Stanley | Source: Graziadio Business Report | Subjects: Economics, History

In this biography, Pulitzer Prize winner McCraw neatly divides his emphasis between Schumpeter’s professional and personal life. He portrays his subject as a somewhat self-absorbed insatiable scholar not entirely comfortable with his contemporaries, which might explain marriages and affairs with much older and younger women, as well as his affinity with students and often-strained relations with colleagues of his own generation. McGraw lucidly addresses Schumpeter’s … [ Read more ]

Content: Book | Author: Thomas K. McCraw | Subjects: Economics, History, People

strategy+business reviews the best books on capitalism from 2007

Content: Related Content | Author: Diane Coyle | Source: strategy+business | Subject: Economics

Gallup’s World Poll reveals new findings on the “great global dream” and how it will affect the rise of the next economic empire.

Content: Article | Author: Jim Clifton | Source: Gallup Management Journal | Subjects: Economics, International, Miscellaneous, Trends / Analysis

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In the face of externalities of any kind, markets do not produce the most desirable outcomes. This is true in the case of the public good, which is why we have such a lively debate about the proper role of government in capitalist societies. It is also true of environmental externalities. The limitations of markets are clear, and although almost all economists are in favor … [ Read more ]

Content: Quotation | Author: Diane Coyle | Source: strategy+business | Subject: Economics

While development economist Jeffrey Sachs has done most of his work in the public sphere he has done so with one, overriding intention — to improve the public good, namely to ameliorate the lives of poor people around the world. Here he is interviewed by Stephen Bernhut.

Content: Thought Leader | Author: Stephen Bernhut | Source: Ivey Business Journal | Subjects: Economics, International, Social Responsibility (ESG)

What makes economic forecasting so difficult is that, ultimately, it is a call on the behavior of people. It is the willingness or not of consumers to spend, executives to invest and create jobs, savers and money managers to buy stocks and bonds and so on that determines the direction of everything that matters about the economy. Unfortunately for the economic forecaster, behavior is driven … [ Read more ]

Content: Quotation | Author: John McCallum | Source: Ivey Business Journal | Subjects: Economics, Future