894 Posts Found

A fundamental economic question is the tradeoff between investment and consumption and how it determines asset prices in the macroeconomy. New research studies the relationship between consumption and asset prices using microeconomic data.

Content: Article | Authors: Annette Vissing-Jørgensen, Christopher J. Malloy, Tobias J. Moskowitz | Source: Capital Ideas | Subjects: Economics, Finance | Industry: Investing

Argonauts, Saxenian’s mythic term for global commuters employed in the high tech sector, are not the ominous invaders American economic isolationists fear-stealing jobs and ideas from Americans and spiriting them abroad. Rather, Saxenian argues, such global entrepreneurs have created domestic and foreign jobs and reduced the cost of technology for businesses and consumers. Saxenian is at her best when describing the relatively short history of … [ Read more ]

Content: Book | Author: AnnaLee Saxenian | Subjects: Economics, International

When everything that matters can be bought and sold, when commitments can be broken because they are no longer to our advantage, when shopping becomes salvation and advertising slogans become our litany, when our worth is measured by how much we earn and spend, then the market is destroying the very virtues on which in the long run it depends.

Content: Quotation | Source: Harvard Business Review | Subjects: Capitalism, Economics

Andrew Cassel discusses the research of Alan Fiske, a professor of anthropology at UCLA, who has studied communities all over the world. Fiske concludes that just as every human language is composed of the same grammatical elements (subjects, verbs, etc.), all relationships are built from exactly four kinds of interactions: communal sharing, equality matching, authority ranking and market pricing. [Hat tip to Brad Feld)

Editor’s … [ Read more ]

Content: Article | Author: Andrew Cassel | Source: The Philadelphia Inquirer | Subjects: Economics, Organizational Behavior

Economists have been writing about the Network Effect since 1974, intrigued by the notion that, once a network is established, scarcity isn’t the source of perceived value; instead, ubiquity is. In the physical world, the more fishers who come to a lake, the fewer fish each one will catch; the lower the benefit, and hence the value, for each one. In the cyberworld, on the … [ Read more ]

Content: Quotation | Sources: Business 2.0, WebCab Limited | Subjects: Economics, IT / Technology / E-Business

A technique is being tested to better match job candidates and employers by weeding out those who aren’t serious prospects and homing in on those who are.

Content: Article | Author: Mark Whitehouse | Source: CareerJournal (WSJ) | Subject: Economics

Economists have always been interested in understanding the link between household consumption and savings. New research analyzes how people substitute time for money.

Content: Article | Author: Erik Hurst | Source: Capital Ideas | Subject: Economics

What does return on investment really mean? A new tool gives investors and managers help decoding the true economic profitability of a business based on reported accounting metrics.

Content: Article | Authors: Madhav V. Rajan, Mark T. Soliman, Stefan Reichelstein | Source: Stanford University | Subjects: Economics, Finance

Stiglitz’s seminal Globalization and Its Discontents (2002) argued that globalization has not benefited as many people as it could, a failure attributable to structural flaws in international financial institutions as well as limited information and imperfect competition. With this selection, the Nobel Prize-winning economist suggests a host of solutions by which globalization can be “saved from its advocates” and made safe and worthwhile for the … [ Read more ]

Content: Book | Author: Joesph E. Stiglitz | Subjects: Economics, International

Economagic is meant to be a comprehensive site of free, easily available economic time series data useful for economic research, in particular economic forecasting. This site was started in 1996 to help students in an Applied Forecasting class. The idea was to give students easy access to large amounts of data, and to be able to quickly get charts of that data.

At this time, … [ Read more ]

Content: Online Resource | Source: Economagic.com | Subjects: Economics, Reference / Search

Capitalism comes in many blends and varieties around the globe. Which flavor is most effective at promoting economic growth?

Content: Article | Author: William J. Baumol | Source: STERNbusiness (NYU) | Subject: Economics

Robert Flanagan’s look at the globalization wave of a century ago provides clues to the economics behind the current immigration debates.

Content: Article | Author: Robert Flanagan | Source: Stanford University | Subjects: Economics, International

An awareness of the brain’s flaws can help strategists steer around them. All strategists should understand the insights of behavioral economics just as much as they understand those of other fields of the “dismal science.” Such an understanding won’t put an end to bad strategy; greed, arrogance, and sloppy analysis will continue to provide plenty of textbook cases of it. Understanding some of the flaws … [ Read more ]

Content: Article | Author: Charles Roxburgh | Source: McKinsey Quarterly | Subjects: Economics, Strategy

Is the link between pay and productivity broken?

Content: Article | Author: Edward Teach | Source: CFO Publishing | Subject: Economics

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Over the past three decades, global trade has more than tripled the variety of international goods available to U.S. consumers. New research measures how consumers have benefited from this growth in variety.

Content: Article | Author: Christian Broda | Source: Capital Ideas | Subjects: Economics, International

Research finally links management skill to macroeconomic growth.

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

Mauboussin is not your average Wall Street equity analyst, writing investment recommendations whose topical interest wanes a few days after the report is issued. His strategy reports begin with scientific findings from diverse fields, then show why an investor should care. This book is a collection of 30 short reports, revised and updated, covering animal behavior (“Guppy Love: The Role of Imitation in Markets”), psychology … [ Read more ]

Content: Book | Author: Michael J. Mauboussin | Subjects: Economics, Finance | Industry: Investing

As global labor markets become increasingly integrated, rational action by companies and countries will help facilitate the efficient clearing of supply and demand for jobs.

Content: Article | Authors: Diana Farrell, Jaeson Rosenfeld, Martha A. Laboissière | Source: McKinsey Quarterly | Subjects: Economics, International

It may be tempting to blame greedy CEOs and lazy boards for runaway executive pay. But a study shows top executives’ salaries are rising in direct proportion to top companies’ size and value.

Editor’s Note: as with almost all articles on executive compensation, this one assumes an efficient market for executive talent, which is an assumption I personally disagree with. Feel free to disagree by … [ Read more ]

Content: Article | Authors: Augustin Landier, Xavier Gabaix | Source: STERNbusiness (NYU) | Subjects: Corporate Governance, Economics