He heralded stock options and golden parachutes as a professor at Harvard Business School, influencing a generation of Wall Street executives.
Category: Economics (Theory and Philosophy)
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Is the Boom-and-Bust Business Cycle Dead?
There is a growing view that the U.S. business cycle has changed (for better) in a more diversified economy. To some, that sounds like tempting fate.
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Consumers Hate ‘Price Discrimination,’ but They Sure Love a Discount
The Wendy’s debacle is a warning shot for brands: If you want to play with prices, make sure to communicate why and whom it could help.
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Daniel Kahneman, Who Plumbed the Psychology of Economics, Dies at 90
He helped pioneer a branch of the field that exposed hard-wired mental biases in people’s economic behavior. The work led to a Nobel.
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Three Lessons From a Surprisingly Resilient Job Market
The recovery from the pandemic lockdowns has prompted economists to consider whether their playbook is outdated or just missing a page.
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Can America Turn a Productivity Boomlet Into a Boom?
After drooping in 2022, the output of U.S. businesses per worker has surged. Economists wonder if the trend can continue, and who will benefit most.
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‘We’re All Climate Economists Now’
With climate change affecting everything from household finances to electric grids, the profession is increasingly focused on how society can mitigate carbon emissions and cope with their impact.
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Robert M. Solow, Groundbreaking Economist and Nobelist, Dies at 99
His elegant work established that the main determinant of economic growth was technology, not growing capital and labor.
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Anita A. Summers, Economist, Dies at 98; Brought Rigor to Public Policy
As a professor at the Wharton School and a pioneering woman in a male-dominated field, she developed new ways of thinking about tough issues.
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New Normal or No Normal? How Economists Got It Wrong for 3 Years.
Economists first underestimated inflation, then underestimated consumers and the labor market. The key question is why.
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Claudia Goldin Wins Nobel in Economics for Studying Women in the Work Force
Her research uncovered the reasons for differences in labor force participation and earnings for women. She is the third woman to win the economics Nobel.
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Victor R. Fuchs, ‘Dean’ of American Health Care Economists, Dies at 99
He was among the first to offer a comprehensive explanation, and a possible solution, for the country’s rising health care costs.