Experience Faculty & Research

When companies develop new technologies, they can never be certain how the market will respond. That said, the future of a given technology is not as unforeseeable as it might seem. When I work with tech companies on crafting or refining their innovation strategy, I start with an exercise that helps them anticipate where the next big breakthroughs will—or should—be. Read more

• Biography: Professor Melissa Schilling
• Department: Management and Organizations

The Third Memorandum was signed under the worst conditions for Greece. After the disastrous Varoufakis “negotiation” with the EU, the mortal-risk acrobatics of the referendum, under capital controls, with Greece almost over the brink to the total catastrophe of Grexit, the Tsipras government agreed to most harsh terms. These included very large primary surpluses over 3.5% of GDP draining the economy of cash, reductions in pensions, transfer of public property to the creditors for 99 years, and many other measures that had earlier prompted the Syriza, ANEL, Golden Dawn and other anti-memorandum forces to riot violently and curse the Parliament. Read more

• Biography: Professor Nicholas Economides
• Department: Economics

Any company with substantial exposure to Brexit that hasn’t yet devised contingency plans to deal with a range of outcomes, including very bad ones, is about as far behind the curve as Britain’s current government seems to be right now. Read more

• Biography: Professor Pankaj Ghemawat 
• Department: Center for the Globalization of Education and Management

Deng Xiaoping, the Chinese leader who helped transform China from a planned economy to a market one, famously said in response to criticism that he had surrendered communist principles: “It doesn't matter if a cat is black or white, so long as it catches mice.” Read more

• Biography: Professor Matthew Richardson, Professor Kermit Schoenholtz, Professor Bruce Tuckman and Professor Lawrence White

For many decades after World War II, a broad range of countries shared a fundamental economic vision. They endorsed an increasingly open system for trade in goods and services, supported by international institutions; allowed capital, corporations, and, to a lesser extent, people to flow freely across borders; and encouraged the rapid spread of data and technology. As trade expanded, global living standards improved dramatically, and hundreds of millions of people escaped from poverty. Read more

• Biography: Professor A. Michael Spence
• Department: Economics

On a day in which many eyes were on Former FBI Director James Comey’s testimony before the Senate Intelligence Committee, the U.S. House of Representatives on Thursday quietly passed the Financial CHOICE Act, which is the Republicans’ proposed revision of the Dodd-Frank Act of 2010 and reform of financial regulation. It will next go to the Senate, which will surely get more attention as Senators on both sides consider major alterations to the CHOICE Act. Read more

• Biography: Professor Lawrence White
• Department: Economics

The idea behind Universal Basic Income (UBI) is to replace existing safety net programs with a single, unconditional cash transfer. In contrast, existing safety net programs typically require an application to establish eligibility, such as registering for work, taking part in training programs, or meeting income thresholds. Read more

• Biography: Professor Robert Seamans 
• Department: Management and Organizations 

For the past two years, the global economy has been growing, but it has swung between periods of rapid expansion and deceleration. During this period, two episodes, in particular, caused US and global equity prices to fall by about 10%. Is a pattern emerging, or is a fitful global recovery set to stabilize? Read more

• Biography: Professor Nouriel Roubini
• Department: Economics