Column: What’s Wrong with the Harvard Business School and American Business

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 ]

Bruce Scott

Shareholder capitalism has been an intellectual swindle, on a par with the trickle-down economics of the Reagan era.

Bruce Scott

Completely free markets are not a recipe for prosperity; they are a recipe for plutocracy and corruption, as we are increasingly aware of every day.

Bruce Scott

U.S. capitalism was and mostly still is understood as a natural system and not one that was and is socially constructed by government policy.

[…]

“Free markets” must be one of the most overused expressions in the English language. Stated bluntly, there are no free markets in organized capitalism. All of the so-called freedoms in capitalism are conditional freedoms, and that conditionality is established by, … [ Read more ]

The Only Conquerors of Inequality are the Four Horsemen of the Apocalypse

One of the most provocative — and most disturbing — of this year’s economics books is “The Great Leveler.” Its historian/author Walter Scheidel argues that economic inequality is not only inevitable, but that whenever inequality has been reduced, the reasons forcing inequality down have been nothing short of horrific. We interviewed Scheidel at his Stanford University office. We’ll let him tell the rest of the … [ Read more ]

Ask the Headhunter: Here’s why your resume isn’t getting traction

The key to job hunting success is people — meeting them, talking with them, and getting them to recommend you to managers. It is a very active process. Here are the most important things you can do in your job search.

Mind Over Money

In the aftermath of the worst financial crisis since the Great Depression, NOVA presents “Mind Over Money”—an entertaining and penetrating exploration of why mainstream economists failed to predict the crash of 2008 and why we so often make irrational financial decisions. The program reveals how our emotions interfere with our decision-making and explores controversial new arguments about the world of finance. In the face of … [ Read more ]

Ask The Headhunter: Never, Ever Disclose Your Salary to an Employer

Employers don’t really require your salary history to hire you. But many do like to bully you into disclosing private, confidential information that will give them an unfair negotiating position. So they call it “the policy.” Never, ever disclose my current salary or salary history to a prospective employer even if it means ending the interview process. Here are some ways to avoid doing so. … [ Read more ]

Joseph Stiglitz on Charlie Rose

Joseph Stiglitz is an American economist and a member of Columbia University faculty. He is a recipient of the John Bates Clark Medal (1979) and the Nobel Prize in Economics (2001).

Former Senior Vice President and Chief Economist of the World Bank, he is famous for his critical view of globalization and international institutions like the International Monetary Fund and the World Bank. In 2000 Stiglitz … [ Read more ]

Keynes vs. Hayek: Late Economists’ Hip-Hop Legacy

As part of his continuing series Making Sense of financial news, Paul Solman has a unique look at the legacy of economist John Maynard Keynes, who first introduced the concept of government intervention in the economy, and his countertenor Friedrich Hayek. [Hat tip to FinanceProfessor.com]

1929 Wall Street Stock Market Crash

The most devastating stock market crash in the history of the United States;
Its from a PBS documentary. This particular part is from episode 5 of the series titled Cosmopolis. [Hat tip to FinanceProfessor.com]

A conversation with entrepreneur and software engineer Marc Andreessen

A conversation with Marc Andreessen, co-founder and chairman of Ning and an investor in several startups including Digg, Plazes, and Twitter. Best known as co-author of Mosaic, and founder of Netscape. He is on the Board of Directors of Facebook and eBay.

Charlie Rose Interviews Michael Porter

Charlie Rose interviews strategy Guru Michael Porter of Harvard Business School on his PBS show.

Editor’s Note: The Porter interview comes after an interview with Henry Kissinger…

PBS Free to Choose 1990 Vol. 3 of 5 – The Failure of Socialism

Free To Choose® is an award winning PBS television series featuring Milton Friedman, Nobel Prize-winning economist. IT is about freedom, the interrelationship of personal, political and economic freedom. And it is about the ideas of Milton and Rose Friedman, ideas that still dominate public policy debates decades after they were first proposed.

This is the third of 5 episodes and includes an introduction by Ronald Reagan … [ Read more ]

PBS Free to Choose 1990 Vol. 2 of 5 – The Tyranny of Control

Free To Choose® is an award winning PBS television series featuring Milton Friedman, Nobel Prize-winning economist. IT is about freedom, the interrelationship of personal, political and economic freedom. And it is about the ideas of Milton and Rose Friedman, ideas that still dominate public policy debates decades after they were first proposed.

This is the second of 5 episodes and includes an introduction by George Schultz … [ Read more ]

PBS Free to Choose 1990 Vol. 1 of 5 – The Power of the Market

Free To Choose® is an award winning PBS television series featuring Milton Friedman, Nobel Prize-winning economist. IT is about freedom, the interrelationship of personal, political and economic freedom. And it is about the ideas of Milton and Rose Friedman, ideas that still dominate public policy debates decades after they were first proposed.

This is the first of 5 episodes and includes an introduction by Arnold Schwarzenegger … [ Read more ]

Commanding Heights: The Battle for the World Economy

The purpose of this site, which is a companion to a Public Broadcasting Service (PBS) series, “is to promote better understanding of globalization, world trade and economic development, including the forces, values, events, and ideas that have shaped the present global economic system.” The site features the complete six-hour television program, a timeline from 1911 through 2003, dozens of country reports, material about key individuals, … [ Read more ]

Red Ink

Federal budget time has arrived again, and the United States is running nearly $500 billion in the red. Paul Solman looks at the growing budget deficit and why people are worried about it.

Editor’s Note: though focused on the current (2004) US federal deficit, this PBS Newshour audio broadcast offers a simple look at the major economic issues involved in government deficit spending.

Everett Dirksen

Stronger than all the armies on earth is an idea whose time has come.