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The best strategy for weatheriing deflation is a constant focus on productivity to drive profitability.

Content: Article | Author: Carl Steidtmann | Source: Optimize Magazine | Subjects: Economics, Strategy

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“Every person works within or deals with the business system and therefore needs to understand its nature and foundations,” writes Wheeling Jesuit University’s Younkins. In the best book, the noted advocate of free markets offers the vehicle to that understanding — a comprehensive overview of the philosophical basis for, and the moral and ethical rights and responsibilities that underlie, the capitalist system.

Content: Book | Author: Edward Wayne Younkins | Subjects: Economics, General

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When Enron collapsed a year ago, thousands of employees’ retirement savings were wiped out, sparking quick calls for reform of 401(k) plans. Some changes were put in place earlier this year, others are still being debated in Congress. But now that the smoke of corporate scandals has begun to clear, do problems with 401(k)s still appear as bad as they did last winter? Should the … [ Read more ]

Content: Article | Source: Knowledge@Wharton | Subjects: Economics, Finance | Industry: Finance / Banking

Information on the history, purpose, structure, policies, and services of the United States Federal Reserve System, which is described as “a decentralized central bank.” Hosted by the Federal Reserve Bank of Kansas City

Content: Online Resource | Source: FED101 | Subject: Economics

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

Every individual necessarily labors to render the annual revenue of the society as great as he can. He generally neither intends to promote the public interest, nor knows how much he is promoting it … he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of … [ Read more ]

Content: Quotation | Author: Adam Smith | Source: Knowledge@Wharton | Subjects: Capitalism, Economics, Personality / Behavior

As the chairman of Bill Clinton’s Council of Economic Advisers, and subsequently as the chief economist of the World Bank during the East Asian financial crisis, Joseph Sitglitz was deeply involved in many of the economic-policy debates of the past ten years. What did this experience tell him? That much of what we think we know about the prosperity of the 1990s is wrong. Here … [ Read more ]

Content: Article | Author: Joseph E. Stiglitz | Source: The Atlantic Monthly | Subject: Economics

Volume two of Braudel’s 2,000-page economic history begins with the earliest examples of the market economy-the rudimentary markets of 15th-century Europe-and then examines the evolution of the more sophisticated trade networks and stock exchanges of the next 300 years. Along the way, Braudel contends that capitalism evolves only in societies with natural hierarchies that thrive on wealth accumulation and the emergence of global trade. More … [ Read more ]

Content: Book | Authors: Fernand Braudel, Sian Reynolds | Subjects: Economics, History

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“Unlike other crusaders from Berkeley in the 60s, I chose Wall Street as my battleground for improving society because that’s where government institutions and industries are financed. One of the most articulate writers who shares that belief is Milton Friedman, who knows that personal and political freedoms are enhanced dramatically when greater numbers of people participate in a market economy.” When this book was first … [ Read more ]

Content: Book | Author: Milton Friedman | Subject: Economics

John McMillan’s Reinventing the Bazaar is an extremely accessible description of markets large and small, as well as an explanation of their underlying mechanisms. An “absolutely free market,” he says, is a “free-for-all brawl,” while a “real market” is an “ordered brawl.” Sprinkling his analysis with hundreds of anecdotes and examples–prison camps, eBay, the American experiment with alcohol prohibition, the Tokyo fish market, and traditional … [ Read more ]

Content: Book | Author: John McMillan | Subjects: Economics, History

Analysis of France over the last 20 years suggests that the Bourse is playing a bigger role in the economy – but the link to innovation and productivity is more complex.

Content: Article | Author: Mary O’Sullivan | Source: European Business Forum (EBF) | Subjects: Economics, International – Europe

Since the 1980s, wage inequality has increased in many OECD (Organization for Economic Cooperation and Development) countries, with a shift in demand towards skilled labor. Most economists do not attribute this change to international trade, but Professor Vanessa Strauss-Kahn argues that it’s important to examine the problem from a different angle. Here, she analyzes the effect of globalization on inequality and develops a general equilibrium … [ Read more ]

Content: Article | Author: Vanessa Strauss-Kahn | Source: INSEAD Knowledge | Subjects: Economics, International

Article takes a look at “efficient markets” and “behavioural finance” theories and examines their relevance to financial market bubbles.

Content: Article | Author: Matthew Bishop | Sources: CFO Publishing, The Economist | Subjects: Economics, Finance | Industry: Finance / Banking

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Does a global financial system need a global regulator?

Content: Article | Author: Matthew Bishop | Sources: CFO Publishing, The Economist | Subjects: Economics, Finance | Industry: Finance / Banking

Content: Book | Author: Robert L. Heilbroner | Subjects: Economics, People