323 Articles found for subject: Economics

Technocratic management, no matter how brilliant, cannot unwind structural inequalities.

Content: Article | Author: Daniel Markovits | Source: The Atlantic Monthly | Subject: Economics | Industry: Consulting | Company: McKinsey & Company

Economic and political turbulence have prompted speculation that the world is already deglobalizing. But the evidence suggests that global integration is here to stay, albeit with nuance.

Content: Article | Authors: Hamid Samandari, Jeongmin Seong, Jonathan Woetzel, Michael Birshan, Olivia White, Sven Smit, Tiago Devesa | Source: McKinsey Quarterly | Subjects: Economics, International, Trade

What is capitalism? Is it the greatest source of prosperity and freedom the world has ever seen or a menace on the verge of destroying the planet and our society? Rebecca Henderson argues that capitalism is the only solution to the massive problems that we face and explores the ways in which the private sector can help to reimagine capitalism so that it works for … [ Read more ]

Content: Article | Author: Rebecca Henderson | Source: Management and Business Review (MBR) | Subjects: Capitalism, Economics, Social Responsibility (ESG)

Shifts in how businesses create value and how it flows to households highlight the changing role of the corporation.

Content: Article | Authors: Clarisse Magnin-Mallez, Michael Birshan, Sean Brown | Source: McKinsey Quarterly | Subjects: Economics, Social Responsibility (ESG)

With the proper safeguards, creative destruction – the process by which the new replaces the old – remains the way to greater economic growth and prosperity.

Content: Article | Authors: Isabelle Laporte, Philippe Aghion | Source: INSEAD Knowledge | Subjects: Capitalism, Economics

As governments craft policies to “build back better” following an economic crisis, they need indicators that reflect a meaningful conception of “better.” This doesn’t mean governments need to abandon the standard GDP. Rather they should transform it into a series of indicators — much like existing US statistics for unemployment are reported as “U1” through “U6,” with each number reflecting different aspects of unemployment. Other … [ Read more ]

Content: Article | Authors: Ben Beachy, Justin Talbot Zorn | Source: Harvard Business Review | Subject: Economics

American capitalism has evolved time and again, and we may be poised for another such shift. Will the future of capitalism involve tweaks, reforms, or wholesale change?

Content: Article | Authors: Gary Pinkus, James Manyika, Monique Tuin | Source: McKinsey Quarterly | Subjects: Capitalism, Economics

Robin Greenwood and Samuel G. Hanson discuss new research that shows economic crises follow predictable patterns.

Content: Article | Authors: Danielle Kost, Robin Greenwood, Samuel G. Hanson | Source: Harvard Business School (HBS) Working Knowledge | Subject: Economics

Companies have always caused “externalities” — benefits for society for which they are not fully compensated and costs on society which they don’t have to fully pay for. A major change in global business in recent years is that these externalities are becoming increasingly rare — what was once extraneous to a business is increasingly affecting corporate revenues, costs, and risk profiles. This is a … [ Read more ]

Content: Article | Authors: George Serafeim, Ronald Cohen | Source: Harvard Business Review | Subjects: Economics, Social Responsibility (ESG)

Economist Pavlina R. Tcherneva demolishes the idea that there is an optimal rate of unemployment and makes a timely case for a national job guarantee.

Content: Article | Authors: Pavlina R. Tcherneva, Theodore Kinni | Source: strategy+business | Subject: Economics

The Fourth Industrial Revolution, then, retains some of the exploitative elements that characterised the very first. What’s more, the very term “industrial revolution” has always been something of a misnomer, according to Gianpiero Petriglieri, INSEAD Associate Professor of Organisational Behaviour.

Content: Article | Authors: Benjamin Kessler, Gianpiero Petriglieri | Source: INSEAD Knowledge | Subject: Economics

In the new book Fully Grown, economist Dietrich Vollrath argues that the recent spell of moderate growth in the U.S. is a sign of success.

Content: Article | Authors: Dietrich Vollrath, Mike Jakeman | Source: strategy+business | Subject: Economics

Mariana Mazzucato has demonstrated that the real driver of innovation isn’t lone geniuses but state investment. Now she’s working with the UK government, EU and UN to apply her moonshot approach to the world’s biggest challenges.

Editor’s Note: Mazzucato also has a couple of interesting TED talks, including this one:

Content: Article, Multimedia Content | Authors: João Medeiros, Mariana Mazzucato | Source: Wired | Subjects: Capitalism, Economics

Market failure is the economic situation defined by an inefficient distribution of goods and services in the free market. This happens when the market does not supply products in the correct quantity or at the price consumers want to pay due inefficiency in the allocation of goods and services. A price mechanism fails to account for all of the costs and benefits involved when providing … [ Read more ]

Content: Article | Author: Anastasia Belyh | Source: Cleverism | Subject: Economics

In most U.S. industries, the biggest firms have a higher market share than they did three decades ago. One study found that 75% of U.S. industries have become more concentrated since the 1990s and that the average size of the largest players in the economy has tripled. A potential concern with this rise in industry concentration is that it reduces workers’ employment options, and thus … [ Read more ]

Content: Article | Author: Wenting Ma | Source: Harvard Business Review | Subject: Economics

Whether our economic airplane can keep on cruising or is about to stall mid-air, one thing is evident: it is currently heading for a destination that we do not want to reach, one that is degenerative and deeply divisive. If we reorient ourselves to the economic destination that we do want—an economy that is regenerative and distributive by design—then new questions about growth come to … [ Read more ]

Content: Article | Author: Kate Raworth | Source: ChangeThis | Subject: Economics

A study of millions of patents lifts the veil on how new ideas influence productivity.

Content: Article | Authors: Amit Seru, Bryan Kelly, Dimitris Papanikolaou, Matt Taddy | Source: Kellogg Insight | Subject: Economics

Rotman School of Management professor Ajay Agrawal explains how AI changes the cost of prediction and what this means for business.

Content: Article | Author: Ajay Agrawal | Source: McKinsey Quarterly | Subjects: Economics, IT / Technology / E-Business

Ostensibly about Bitcoin, this is an excellent finance/economics article that explains the differences between assets, currencies, commodities and collectibles and the difference between trading (pricing) and investing (valuing).

Content: Article | Author: Aswath Damodaran | Subjects: Economics, Finance

Professor emeritus Bruce Scott was a pioneer at the Harvard Business School, where he insisted that management training had to include the big picture, and helped craft the school’s now-mandatory MBA course, Business and Government in the International Economy (known colloquially as BGIE or “Biggie”) back in the 1970s.
 
Harvard Business School is the subject of journalist Duff McDonald’s new book, The Golden Passport, which examines … [ Read more ]

Content: Article | Author: Bruce Scott | Source: PBS | Subjects: Capitalism, Economics, MBA Related, Social Responsibility (ESG)