894 Posts Found

Globalization is a fact. You can’t stop it; it has already happened; it is here to stay. And we are moving into a new global stage.

A radically new world is taking shape from the ashes of yesterday’s nation-based economic world. To succeed, you must act on the global stage, leveraging radically new drivers of economic power and growth. Legendary business strategist Kenichi Ohmae-who in The … [ Read more ]

Content: Book | Author: Kenichi Ohmae | Subjects: Economics, International

A force critical to lowering transaction costs is trust. Trust substitutes for search, negotiation, monitoring, and enforcement; it substitues for hierarchical control internally and for the legalisms of contracts externally. The core elements of trust are threefold: reciprocity (the understanding that the parties will deal with each other repeatedly), reputation (the understanding that other potential parties are watching), and a common semantic (a shared language … [ Read more ]

Content: Quotation | Source: Boston Consulting Group (BCG) | Subjects: Economics, Trust

Why should you avoid using the word “spacious” if you’re trying to sell your house? What does Paul Feldman’s bagel delivery business teach us about corporate corruption? Is there a way to bet on the horses and consistently win? Economist Steven Levitt shares some unconventional insight from his book, Freakonomics: A Rogue Economist Explores the Hidden Side of Everything.

Editor’s Note: this is an audio … [ Read more ]

Content: Article | Author: Steven D. Levitt | Source: NPR | Subject: Economics

Since the 1960s, have married women increased their participation in the labor force to compensate for the decline in employment and disappointing earnings growth of their husbands? Are married men working less today because their wives are working more?

Content: Article | Authors: Chinhui Juhn, Kevin M. Murphy | Source: Capital Ideas | Subjects: Economics, Women in Business

David Ricardo comes to life to discuss international trade theory and policy with Ed Johnson, a fictional American television manufacturer seeking protection from Japanese televisions. Their dialogue is a sophisticated, rigorous discussion of virtually every major issue in trade theory and policy. To illustrate the positive and normative effects of international trade and trade policy, Ricardo takes the reader and Ed Johnson into the future … [ Read more ]

Content: Book | Author: Russell D. Roberts | Subjects: Economics, International

This outstanding new text by David Kreps, Microeconomics for Managers, underscores the connections between contemporary microeconomics and business, using full-length, integrated case studies to show prospective managers how economic models can yield answers to practical problems. Developed over the course of ten years at the Stanford Business School, Microeconomics for Managers leads the field with a strong game theoretic approach and full-chapter coverage of many … [ Read more ]

Content: Book | Author: David M. Kreps | Subject: Economics

During a 1999 protest of the World Trade Organization, Rivoli, an economics professor at Georgetown, looked on as an activist seized the microphone and demanded, “Who made your T-shirt?” Rivoli determined to find out. She interviewed cotton farmers in Texas, factory workers in China, labor champions in the American South and used-clothing vendors in Tanzania. Problems, Rivoli concludes, arise not with the market, but with … [ Read more ]

Content: Book | Author: Pietra Rivoli | Subjects: Economics, International | Industry: Apparel

The Federal Reserve Archival System for Economic Research is the newest project by the Research Division of the Federal Reserve Bank of St. Louis to expand on its mission to provide economic information and data to researchers interested in the U.S. economy. On this web site you will find links to scanned images (in Adobe® Acrobat® PDF format) of historical economic statistical publications, releases, and … [ Read more ]

Content: Online Resource | Source: Federal Reserve Bank of St. Louis | Subjects: Economics, Reference / Search

Business people need to know how to recognize the signs should a deflationary spiral begin and how to prepare ahead of time with practical relevant business plans and strategic initiatives.

Content: Article | Author: Donald M. Atwater, Ph.D. | Source: Graziadio Business Report | Subjects: Economics, Finance

Bjørn Lomborg, a former member of Greenpeace, challenges widely held beliefs that the world environmental situation is getting worse and worse in his new book, The Skeptical Environmentalist. Using statistical information from internationally recognized research institutes, Lomborg systematically examines a range of major environmental issues that feature prominently in headline news around the world, including pollution, biodiversity, fear of chemicals, and the greenhouse effect, and … [ Read more ]

Content: Book | Author: Bjorn Lomborg | Subjects: Economics, International

Like Thoreau and the band Devo, psychology professor Schwartz provides ample evidence that we are faced with far too many choices on a daily basis, providing an illusion of a multitude of options when few honestly different ones actually exist. The conclusions Schwartz draws will be familiar to anyone who has flipped through 900 eerily similar channels of cable television only to find that nothing … [ Read more ]

Content: Book | Author: Barry Schwartz | Subjects: Economics, Marketing / Sales

A new look at US trade and employment data shows why it’s wrong to believe that foreign competition accounts for weak job growth since 2000.

Editor’s Note: a topical article, but the economic analysis provided is interesting and of value for other countries and times…

Content: Article | Authors: Martin Neil Baily, Robert Z. Lawrence | Source: McKinsey Quarterly | Subjects: Economics, Trade

It used to be easy to measure transaction costs especially when looking at economies of scale and speed. That’s what helped justify centralization in vertically integrated firms. In the more dynamic and decentralized world, the value shifts to economies of scope. The real problem that we have is we have no transaction-cost analysis like “build versus buy” for determining whether I should share an asset … [ Read more ]

Content: Quotation | Source: Knowledge@Wharton | Subjects: Economics, Strategy

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The Gross National Product includes air pollution and advertising for cigarettes, and ambulances to clear our highways of carnage. It counts special locks for our doors, and jails for the people who break them. The GNP includes the destruction of the redwoods and the death of Lake Superior. It grows with the production of napalm and missiles and nuclear warheads. And if GNP includes all … [ Read more ]

Content: Quotation | Source: TheWorkingManager.com | Subjects: Economics, Social Responsibility (ESG)

Peruvian economist Hernando de Soto has found a way to enrich the poor.

Content: Article | Author: Art Kleiner | Source: strategy+business | Subjects: Economics, International

He who receives an idea from me receives instruction himself without lessening mine; as he who lights his taper at mine, receives light without darkening me…Inventions then cannot, in nature, be a subject of property.

Content: Quotation | Source: Business 2.0 | Subjects: Economics, Intellectual Property

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A lucid text adapting classical trade models to the modern world economy, showing the new and significant conflicts arising from international trade in the modern economy. Describes how and why one country’s productive capabilities comes only at the expense of another country’s general welfare, giving each a competitive stake in the strength of its industries. DLC: Free trade.

Content: Book | Authors: Ralph E. Gomory, William J. Baumol | Subjects: Economics, International

Far from damaging the economy of the United States, offshoring should enable its companies to direct resources to next-generation technologies and ideas-if public policy doesn’t get in the way.

Editor’s Note: I admit I am not smart enough to fully get my arms around all the issues involved in the debate over offshoring; this article presents one of the strongest and most detailed pro-offshoring (outsourcing) … [ Read more ]

Content: Article | Authors: Diana Farrell, Martin N. Baily | Source: McKinsey Quarterly | Subjects: Economics, Outsourcing / BPO