Hidden Power
The reports of Japan’s economic death are widely exaggerated. The country possesses huge wealth and technological savvy. American CEOs ignore the opportunity at their peril.
Read a counterpoint (Japan’s Woes Far From Over) at:
Content: Article | Author: William J. Holstein | Source: Chief Executive | Subjects: Economics, International – Asia
Conducting Monetary Policy – Remarks by Governor Edward M. Gramlich
What is the goal of Moentary policy? It should be price stability according to Fed Governor Edward Gramlich who made his views known in a recent speech at the ASSA conference (AKA the AFAs) in Washington DC. “The long-run anchor is clearly price stability. Following Milton Friedman, inflation in the long run is a monetary phenomenon, as is deflation. Hence, the long-term goal … [ Read more ]
Content: Article | Author: Edward M. Gramlich | Source: The Federal Reserve Board | Subjects: Economics, Finance
India-From emerging to surging
In a decade, the country could more than double its gross domestic product per capita-but only if its government and people act quickly and decisively.
Content: Article | Authors: Amadeo M. Di Lodovico, Shirish Sankh, Vincent Palmade, William W. Lewis | Source: McKinsey Quarterly | Subjects: Economics, International – Asia
Where Have All the Keynesians Gone?
Do big deficits increase interest rates? There is a strange debate on this question going on between the Brookings Institution and The Wall Street Journal editorial page.
Editor’s Note: this is a topical piece centered on the 2003 Bush budget proposal, but the concepts addressed are not topical.
Content: Article | Author: Robert Kuttner | Source: BusinessWeek | Subject: Economics
Globalization Ledger™
The Globalization Ledger™ offers a comprehensive analysis of global economic integration in 34 countries that comprise more than three-quarters of the world’s gross domestic product (GDP). Using a unique statistical gauge, the study ranks countries based upon the scope and pace of their integration with the world economy, then analyzes how they have fared against a range of social and economic indicators, including political freedom, … [ Read more ]
Content: Article | Source: Kearney | Subjects: Economics, International
John Maynard Keynes
The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist [or] … academic scribbler of a few years back.
Content: Quotation | Source: Business 2.0 | Subjects: Economics, Politics
Market Mechanics: A Guide to U.S. Stock Markets
Although the inner workings of the stock market are fascinating, few introductory texts have the space to describe them in detail. Furthermore, the U.S. stock markets have been changing so rapidly in recent years that many books have not yet caught up with the changes. This quick note provides an up-to-date view of how the U.S. stock markets work today. This note will teach you … [ Read more ]
Content: Article | Source: Nasdaq | Subjects: Economics, Finance | Industry: Investment Banking
Laszlo Zsolnai
Free markets cannot always be relied on to produce socially optimal, or even acceptable, outcomes. In many cases market evaluation is misleading from a social or environmental point of view – it may be a necessary form of evaluating economic activities, but it is not sufficient. Alternative evaluation of economic activities by the techniques of environmental and social reporting, accounting, and auditing is also needed. … [ Read more ]
Content: Quotation | Source: European Business Forum (EBF) | Subjects: Capitalism, Social Responsibility (ESG)
Laszlo Zsolnai
A capitalist economy can show individuals and organizations relative prices and profitable ways of resource allocation – but it cannot relieve them of the choice between goals and values.
Content: Quotation | Source: European Business Forum (EBF) | Subject: Capitalism
Laszlo Zsolnai
Laissez-faire capitalism is dangerous since it can undermine the very values on which open and democratic societies depend. [George] Soros has warned that the instabilities and inequalities of the capitalist system can feed into nationalistic, ethnic and religious fundamentalism.
Content: Quotation | Source: European Business Forum (EBF) | Subject: Capitalism
E-Commerce in the US Economy
Worldwide B2B E-Commerce to Surpass $1T in 2003
Bernard Avishai
Labor’s real crisis is not unemployment but unemployability… Labor unions will not make a difference. It was precisely because direct labor used to be so simple, mechanical and yet critical to value creation that labor unions made sense… Anyway, the logic behind unions may still apply to some kinds of work — fast-food servers, apparel assemblers, hospital orderlies. But, again, any job that is simple … [ Read more ]
Content: Quotation | Source: strategy+business | Subjects: Economics, Miscellaneous
Bankruptcies Up, Biz Filings Down in 2002
Strategy for the Next Decade – It’s Deja-Cash Flow All Over Again
Did the stock market wrongly skew business strategy in the 90’s? Where do we go now that the strategy of managing to maximize short-term stock price has failed? Professor Marty Anderson gives us a different angle showing that a real social-industrial revolution is going on, a revolution that requires leaders to use strategies that are guided by cash flow creation.
Content: Article | Author: Martin Anderson | Source: Babson Insight | Subjects: Economics, Miscellaneous
Economic Stats Briefing Room
Wish you had access to President Bush’s economic data? Relax, you’re a taxpayer-the White House Web site will share with you. The Economic Statistics Briefing Room provides links to everything from an aggregate balance sheet for commercial banks to prices paid by farmers. All the data is compiled by federal agencies and is available on their Web sites, but the Economic Statistics Briefing Room collects … [ Read more ]
Content: Online Resource | Source: White House (U.S. Government) | Subjects: Economics, Finance
Sex, Drugs & Economics: An Unconventional Introduction to Economics
Coyle, an economist, author, and journalist, sets out to explain economics as a method for thinking about any subject–marriage, sports, and even sex. She provides a checklist of rules to remember in order to think like an economist: for example, everything has a cost, things always change, supply and demand work, there is no easy profit, prices make the best incentives, people do what they … [ Read more ]
Content: Book | Author: Diane Coyle | Subject: Economics
Joseph Stiglitz
The fact that the New Economy is real, however, doesn’t mean that we’ve understood it. In explaining our success in the nineties to ourselves and the world we have largely drawn on a set of myths that desperately need debunking: that deficit reduction by itself led to the economic recovery of the 1990s; that the brilliance of our economic leaders created our newfound prosperity; that … [ Read more ]
Content: Quotation | Source: The Atlantic Monthly | Subjects: Economics, International
China Can Help the U.S. Tackle Its Social Security Crisis
Much has been written about the looming pension crisis in the U.S., Europe and Japan, whose populations are aging. Wharton finance professor Jeremy J. Siegel argues that economic growth in China and the rest of the developing world holds the key to dealing with the impending crunch.
Content: Article | Source: Knowledge@Wharton | Subject: Economics