894 Posts Found

Like any other discipline evolutionary psychology gives us insight – a very profound insight. However, it doesn’t answer the question about what we do with that insight – that’s the area of choice. Evolutionary psychology says that our choices are subject to forces and we need to be aware of this. Frequently we give in to these forces. We could argue, for example, that huge … [ Read more ]

Content: Quotation | Source: Emerald Now | Subjects: Economics, Personality / Behavior

The way out of the US trade deficit may be a stronger dollar, not a weaker one, because of the way the world economy now works. Policymakers need to fight economic insanity and forget those old remedies that no longer work.

Content: Article | Author: Joel Kurtzman | Source: European Business Forum (EBF) | Subject: Economics

FinanceProfessor.com blog entry on the article “Economics Wins, Psychology Loses, and Society Pays” by Max Bazerman, Deepak Malhotra. In this article, the authors identify “five predominant myths, adapted from pervasive economic assumptions, which serve as guiding policy principles and serve to destroy value in society. These myths include:

1) Individuals have stable and consistent preferences
2) Individuals know their preferences and they pursue known preferences with volition
3) … [ Read more ]

Content: Article | Author: James Mahar Jr. | Source: FinanceProfessor.com | Subject: Economics

The contrasting ways in which China and India are developing, and the particular difficulties each still faces, prompt debate about whether one country has a better approach to economic development and will eventually emerge as the stronger. We recently asked three leading experts for their views on the subject. The essays are:

“India’s entrepreneurial advantage” by Tarun Khanna

“China: The best of all possible models” … [ Read more ]

Content: Article | Authors: Diana Farrell, Jayant Sinha, Jonathan R. Woetzel, Tarun Khanna | Source: McKinsey Quarterly | Subjects: Economics, International – China

Economic progress means charging for something that was once free.

Content: Quotation | Source: Business Finance Magazine | Subjects: Economics, Progress

Where did modern economics originate? History shows that concepts of inflation, regulation and the free market can all be traced to ancient China, whose ideas were later refined by the Enlightenment thinkers

Content: Article | Author: Morgen Witzel | Source: European Business Forum (EBF) | Subjects: Economics, International – China

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One of the ways to describe the economic transformation witnessed in the latter part of the 20th century is as a dramatic reduction in the friction between supply and demand, catalyzed by at least four lubricants: horizontal logistics services, computer networks, transaction transparency, and the valuation of knowledge and experience.

Content: Quotation | Source: Business 2.0 | Subject: Economics

Former TIME Magazine senior economics reporter Bernard Baumohl has done the impossible: he’s made economic indicators fascinating.

Using real-world examples and stories,Baumohl illuminates every U.S. and foreign indicator that matters.Where to find them.What they look like. What the insiders know about their track records. And exactly how to interpret them.

What the numbers really mean…
– to stocks, bonds, rates, currencies, and you
– Ahead of the curve: … [ Read more ]

Content: Book | Author: Bernard Baumohl | Subject: Economics

Two Stanford researchers argue that organizations like the World Bank should stop making subsidized loans and instead give emerging countries outright grants.

Content: Article | Authors: Jeremy Bulow, Kenneth Rogoff | Source: Stanford University | Subjects: Economics, International

The region is falling behind its rivals. Turning it into a true single market would boost its competitiveness and help restore its economic luster.

Content: Article | Authors: Adam Schwarz, Roland Villinger | Source: McKinsey Quarterly | Subjects: Economics, International – Asia

My biggest surprise was learning that having a captive market for one’s products and services is not enough if the other factors of the economic context are not present. In business school, we take a number of factors for granted, including the rule of law, the efficiency of the market, and the physical and institutional infrastructure that makes capitalism function smoothly. In launching a start-up … [ Read more ]

Content: Quotation | Source: Harvard Business School (HBS) Working Knowledge | Subjects: Economics, International

Poor countries should put their consumers first.

Editor’s Note: a very interesting article, this is actually an excerpt of the book, “The Power of Productivity: Wealth, Poverty, and the Threat to Global Stability”.

Content: Article | Author: William W. Lewis | Source: McKinsey Quarterly | Subjects: Economics, International

Milton Friedman used to remind us that a long-term tax cut isn’t a long-term tax cut at all unless it’s accompanied by a long-term spending cut. It’s essentially a deferred tax, a tax increase on the future.

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

Last month Edward C. Prescott and Finn E. Kydland won the 2004 Nobel Prize in Economic Sciences for two important papers they coauthored that advanced the field of dynamic macroeconomics. As the Royal Swedish Academy of Sciences put it, Prescott and Kydland’s work “has not only transformed economic research, but has also profoundly influenced the practice of economic policy in general, and monetary policy in … [ Read more ]

Content: Article | Source: Knowledge@Wharton | Subjects: Economics, People

This site “has over 1000 business and economics definitions and nearly 200 of the most common diagrams for you to search or browse.” Also includes a list of acronyms. From a British “provider of Internet-based learning materials for the economics and business education community.”

Content: Online Resource | Source: biz/ed | Subjects: Economics, Reference / Search

The availability of information is perhaps the single most significant contributor to corporate change. As Nobel laureate economist Ronald Coase concluded almost 70 years ago, the boundaries of the firm are defined by its transaction costs. “A firm will tend to expand until the costs of organizing an extra transaction within the firm become equal to the costs of carrying out the same transaction on … [ Read more ]

Content: Quotation | Source: strategy+business | Subjects: Economics, Information

In their search for the root causes of international financial meltdowns, politicians and bureaucrats have been looking in the wrong places. The best defense against economic crises is good, solid banks.

Content: Article | Author: Paul Wachtel | Source: STERNbusiness (NYU) | Subjects: Economics, Finance | Industry: Finance / Banking

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Pose the question to any audience, “How many here favor free trade and how many support protectionism or managed trade?” Inevitably, an overwhelming majority of hands are raised for free trade.

In the leading academic centers and think tanks, as well as in most of the press and major business organizations, the need for freer trade is constantly enjoined. And yet….

Editor’s Note: this article was … [ Read more ]

Content: Article | Author: Clyde V. Prestowitz Jr. | Source: Prism (Arthur D. Little) | Subjects: Economics, Trade