On modelling employment

Dale Mortensen and Christopher Pissarides do not explain ‘structural unemployment’ in the traditional sense.
Instead the model shows that one overall negative shock — to all.. Read full story

Rebooting the world

As a mode of production the industrial economy was infinitely superior to what came before it (the agrarian craft society), dramatically advancing wealth, prosperity, and the standard of living for.. Read full story

The new science of retailing

With total revenue likely to fluctuate much more than in the past, managers must be ready to take anticipatory action.
Consequently, they should improve their ability to forecast aggregate de.. Read full story

The 10 laws of enduring success

One question I'm frequently asked is whether you must be completely consumed by your work to be successful. People look around, and they notice that the most successful people don't seem to have much .. Read full story

Rules of thumb

The game today is all about changing the game... How do you do it? Start by analysing the status quo.
What’s the standard economic model the industry uses today? When you pull it apart, ho.. Read full story

Introverts: The best leaders for proactive employees

We often expect corporate executives to conform to certain extroverted CEO stereotypes: C for charismatic, E for effusive, and O for outgoing.

But then there are the introverted.. Read full story

Co-opetition

Business is cooperation when it comes to creating a pie and competition when it comes to dividing it up.
In other words, business is war and peace. But it's not Tolstoy — endless cycles of.. Read full story

Trade policy and firm boundaries

We study how trade policy affects firms' ownership structures.
We embed an incomplete contracts model of vertical integration choices into a standard perfectly competitive international trade fr.. Read full story

13 Bankers

Friday,March 27,2009,was a lovely day in Washington,DC but not for the global economy.
The US stock market had fallen 40% in just seven months,while the US economy had lost 4.1 million jobs.
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The progress challenge

In 2010,most of us take on too many responsibilities,try to do too much,and even own too much.Being too busy is a big source of stress in todays get,get,get and go,go,go world.Often,we are so chronica.. Read full story