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Senior Leaders Fail to Connect Useful Workers Together - By Gavin Kilduff
New research from NYU Stern Professor Gavin Kilduff, Blaine Landis, Martin Kilduff and Jochen Menges finds that powerful bosses can be “blind” to gaps in workplace connections between employees. Read more
—- Biography: Professor Gavin Kilduff
- Department: Management and Organizations
— Research Highlights
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Where Does the ECB Go From Here? - By Mervyn King
I once congratulated Mario Draghi on his performance as president of the European Central Bank, telling him he had made only one mistake. “What’s that?” came the instant question. “Taking the job,” I replied.
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My point was that by the time Draghi was appointed, the ECB could no longer hope to be a conventional central bank, if indeed it ever had been. Instead it had to serve as a highly political organization, compelled to stand in for the absent finance ministry of an incomplete political union. That’s an assignment no unelected central banker should relish. Read more- Biography: Lord Mervyn King
- Department: Economics
— Opinion
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We Need a Plan to Stop Polluting Space Before It’s Too Late - By Amy Webb
There is a lot of junk floating out in space, and it’s a problem we’ve been talking about, in fits and spurts, since the 1960s.
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Space junk was the topic of my middle school futurists' society challenge. That year, three friends and I mapped the probable timeline and implications of all the broken bits of dead spacecraft and orbital clutter, writing scenarios about how all that garbage would eventually make it difficult to launch new satellites. Our solution: an enormous net, connected to an Earth-based, rocket-powered launching and landing system. Read more— Opinion
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Five Years After Rana Plaza - By Stern Center for Business and Human Rights
A new report from the NYU Stern Center for Business and Human Rights, "Five Years After Rana Plaza: The Way Forward," expands on its previous research explaining what has made many garment factories in Bangladesh dangerous and offering steps forward for making them safer. Read more
—— Research Highlights
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How China's Xi Jinping is filling the 'global leadership vacuum' left by Trump - By Joseph Foudy
China and the U.S. present a study in contrasts. The U.S. approach to foreign policy at present could best be characterized as shambolic, to put it mildly. In addition to record personnel turnover, the Trump administration appears internally conflicted over whether and how to: leave Syria, tear up the Iran deal, exit NAFTA, confront Russia, disarm North Korea, contain China, and support democracy abroad. At the same time U.S. may or may not be starting several trade wars. Read more
—- Biography: Professor Joseph Foudy
- Department: Economics
— Opinion
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The YouTube Shooting Reflects a Growing Anger in the Digital Workforce - By Arun Sundararajan
We may never know exactly what caused Nasim Aghdam to take the drastic steps of arming herself with a handgun, seeking out YouTube’s San Bruno, Calif., headquarters, and shooting three innocent employees before taking her own life. Read more
—- Biography: Professor Arun Sundararajan
- Department: IOMS
— Opinion
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Music Licensing Reform Is Singing The Same Old Song - By Lawrence White
As Spotify prepares to go public later this year, the company faces a $1.6 billion lawsuit. The suit alleges that Spotify is streaming such hits as Tom Petty’s “Free Fallin’,” the Doors’ “Light My Fire,” and tens of thousands of other songs without obtaining the necessary licenses and compensating copyright holders. Spotify is not the only target. Apple Music and other streaming services have also been hit with copyright infringement lawsuits. Read more
—- Biography: Professor Lawrence White
- Department: Economics
— Opinion
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Preventing the Balkanization of the Internet - By A. Michael Spence
The recent revelation that more than 50 million Facebook profiles were harvested by app and given to political consultancy Cambridge Analytica has produced a backlash against the platform. But it is just the latest example of the risks associated with the Internet, which forms the core of today’s digital revolution. Read more
—- Biography: Professor A. Michael Spence
- Department: Economics
— Opinion
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Should You Broadcast Your Charitable Side? - By Alixandra Barasch
You’re scrolling through your Facebook feed and spot a post from a former high-school classmate, sharing news about her recent service trip overseas. There’s a picture of her smiling ear to ear while posing with children at a local orphanage. “So #blessed to be able to help others less fortunate than me—what an amazing, life-changing trip,” she writes in the caption. Read more
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The stubbornly high cost of remittances - By Kim Schoenholtz
When migrants send money across borders to their families, it promotes economic activity and supports incomes in some of the poorest countries of the world. Annual cross-border remittances are running about $600 billion, three quarters of which flow to low- and middle-income countries. To put that number into perspective, total development assistance worldwide is $150 billion.2 Indeed, for many countries, these transfers account for a significant fraction of people’s incomes. For example, in Guatemala, the Philippines, and Senegal, remittances exceed 10% of GDP. Read more
—- Biography: Professor Kim Schoenholtz
- Department: Economics
— Opinion
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Why Tesla Shareholders Shouldn't Be Scandalized by Musk's Idealism - By Melissa Schilling
Elon Musk is using his companies to pursue his personal idealistic goals: He wants to move the world to renewable energy, and he wants to establish a colony on Mars to preserve the human species. Does that mean he's unfairly taking advantage of Tesla stockholders? Read more
—- Biography: Professor Melissa Schilling
- Department: Management and Organizations
— Opinion
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Facebook Can’t Be Trusted. It’s Time to Regulate It - By Nicholas Economides
Using public data posted on a web site is legal. This is the bread and butter of Internet marketing companies. But according to a recent New York Times investigation, Cambridge Analytica collected data from Facebook users and their friends without consent, leaving both companies potentially liable for their actions. Read more
—- Biography: Professor Nicholas Economides
- Department: Economics
— Opinion
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A 'Dangerous Situation' at Facebook Could Get 'Much Worse' - By Vasant Dhar
Social media platforms that can be used as weapons by malicious parties need to be regulated. As we process the details unfolding around what truly happened at Cambridge Analytica and Facebook, it becomes increasingly apparent that we have allowed a dangerous situation to develop, but that things could get much worse unless we take immediate steps to address the larger risks associated with social media platforms. Read more
—- Biography: Professor Vasant Dhar
- Department: IOMS
— Opinion
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Why The Trump Tariff Increases Are All Wrong - By Roy Smith & Ingo Walter
It’s hard these days to find anyone concerned with the national interest who hasn’t been raised on the idea that tolerably efficient markets are better than rigged markets. Properly structured, they help ensure that resources are put to best use and the public has access to the best products and services at the best price. Read more
—- Biography: Professors Roy Smith and Ingo Walter
- Department: Finance
— Opinion
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Data Portability And Competition Between Technology Platforms - By Robert Seamans
A number of commentators and policymakers have argued recently for regulatory measures to reduce the power of dominant technology platforms in the domain of user data. These regulatory measures—which range from the forced break-up of Google and Facebook to the social graph portability of all user data—have similar goals in mind: reduce the market power of these digital platforms and inject a modicum of competition so as to ultimately benefit end-users. Read more
—- Biography: Professor Robert Seamans
- Department: Management and Organizations
— Opinion
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Alexander Hamilton on Finance, Credit, and Debt - By Richard Sylla
While serving as the first Treasury Secretary from 1789 to 1795, Alexander Hamilton engineered a financial revolution. Hamilton established the Treasury debt market, the dollar, and a central bank, while strategically prompting private entrepreneurs to establish securities markets and stock exchanges and encouraging state governments to charter a number of commercial banks and other business corporations. Yet despite a recent surge of interest in Hamilton, U.S. financial modernization has not been fully recognized as one of his greatest achievements.
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“Alexander Hamilton on Finance, Credit, and Debt” by Professor Richard Sylla and co-author traces the development of Hamilton's financial thinking, policies, and actions through a selection of his writings. The authors provide commentary that demonstrates the impact Hamilton had on the modern economic system, guiding readers through Hamilton's distinguished career. The book showcases Hamilton’s thoughts on the nation's founding, the need for a strong central government, confronting problems such as a depreciating paper currency and weak public credit, and the architecture of the financial system. Read more- Biography: Richard Sylla
- Department: Economics
— Books
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The Blockchain Pipe Dream - By Nouriel Roubini
Predictions that Bitcoin and other cryptocurrencies will fail typically elicit a broader defense of the underlying blockchain technology. Yes, the argument goes, over half of all “initial coin offerings” to date have already failed, and most of the 1,500-plus cryptocurrencies also will fail, but “blockchain” will nonetheless revolutionize finance and human interactions generally. Read more
—- Biography: Professor Nouriel Roubini
- Department: Economics
— Opinion
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The Costs of Home-Sharing Platforms - By John Horton and Apostolos Filippas
Research from NYU Stern Professor John J. Horton and PhD candidate Apostolos Filippas delves into the negative externalities of apartment-sharing: short-term rentals can impose costs on neighboring tenants including noise, disregarding building rules, common resource congestion, and uncertainty. Read more
—- Biography: Professor John Horton
- Department: IOMS
— Research Highlights
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Meet Dean Raghu Sundaram
In January 2018, Raghu Sundaram assumed the Deanship after having been Vice Dean of MBA Programs since 2016. He joined Stern’s faculty a little more than two decades ago and is the Edward I. Altman Professor of Credit and Debt Markets and Professor of Finance. We had a chance to sit down with Dean Sundaram to learn a little more about him and why he's so excited to be Dean. Read more
—- Biography: Raghu Sundaram
— Multimedia
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Is the Three-Person Independent Audit Committee Requirement Superfluous? - By April Klein
Since 1999, the Securities & Exchange Commission has required corporate boards to maintain no fewer than three members on their audit committees, and no audit committee member must bear any relationship to the company “that may interfere with the exercise of their independence from management and the company. Read more
—- Biography: Professor April Klein
- Department: Accounting
— Research Highlights
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American Medical Association’s Role in Medicare Payments - By Michael Dickstein
NYU Stern Professor Michael Dickstein’s research paper, “Industry Input in Policymaking: Evidence from Medicare,” investigates how the composition of the American Medical Association’s Relative Value Scale Update Committee (RUC) influences the prices Medicare pays physicians. Read more
—- Biography: Michael Dickstein
- Department: Economics
— Research Highlights
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Data Visualization - By Kristen Sosulski
Data visualization has gained immense popularity over the last five years and is continuing to evolve. Many forces have contributed to the torrent of data graphics that we see all around us. Read more
—- Biography: Professor Kristen Sosulski
- Department: Information, Operations and Management Sciences
— Opinion
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2 Insights Entrepreneurs Can Take From Marty Crane - By Allen Adamson
John Mahoney, the wonderful actor who played Martin Crane, the cantankerous but lovable father of the insufferably snobby Frasier and Niles Crane on the series Frasier, died February 4. Read more
—- Biography: Allen Adamson
- Department: Marketing
— Opinion
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Quirky - By Melissa Schilling
Professor Melissa Schilling, one of the world's leading experts on innovation, invites us into the lives of eight people--Albert Einstein, Benjamin Franklin, Elon Musk, Dean Kamen, Nikola Tesla, Marie Curie, Thomas Edison, and Steve Jobs--to identify the traits and experiences that drove them to make spectacular breakthroughs, over and over again. Read more
—- Biography: Professor Melissa Schilling
- Department: Management and Organizations
— Books
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From #MeToo to #WeDo: Our Shared Responsibility to Eradicate Sexual Harassment - By Zur Shapira
Growing at a seemingly exponential pace, the #MeToo movement has flooded social media feeds and news headlines around the world, leading to increased conversation and action to help ensure a safer workforce. Read more
—- Biography: Professor Zur Shapira
- Department: Management and Operations
— Opinion
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The Case for Breaking Up Amazon, Apple, Facebook and Google - By Scott Galloway
I've benefited enormously from big tech. Prophet, the consulting firm I cofounded in 1992, helped companies navigate a new landscape being reshaped by Google. Red Envelope, the upscale e-commerce company I cofounded in 1997, never would have made it out of the crib if Amazon hadn’t ignited the market’s interest in e-commerce. More recently, L2, which I founded in 2010, was born from the mobile and social waves as companies needed a way to benchmark their performance on new platforms. Read more
—- Biography: Professor Scott Galloway
- Department: Marketing
— Opinion
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States Should Team Up With The Private Sector On Infrastructure - By Paul H. Tice
President Trump won the White House in 2016 by breaking through a formidable blue wall in the U.S. Electoral College. He is going to have to repeat that same feat if his administration hopes to make any progress addressing the country’s pressing infrastructure needs. Read more
—- Biography: Executive in Residence Paul Tice
— Opinion
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Do Variable Annuities Make for Fragile Insurance Markets? - By Ralph S.J. Koijen
One of the less headline-grabbing effects of the 2008 financial crisis was the decline in sales and rise in fees of variable annuities, which are mutual funds with long-dated minimum return guarantees. New research from NYU Stern Professor Ralph S.J. Koijen studies the evolution of the variable annuities market and highlights the importance of financial and regulatory frictions in the pricing and design of variable annuities following the financial crisis. Read more
—- Biography: Ralph Koijen
- Department: Finance
— Research Highlights
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Creative Trailblazer - By Richard Sylla
Professor Richard Sylla shares his insights on business leaders throughout history in "Creative Trailblazer," presented by Biography and A&E Network. Subjects include Steve Jobs, Jeff Bezos, Richard Branson, Walt Disney and Andrew Carnegie. Read more
—- Biography: Richard Sylla
- Department: Economics
— Multimedia
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The Ever-Changing Face Of Indian Consumers - By Durairaj Maheswaran
Our exciting and lifelong study of Indian consumers began about forty years ago, when we began our careers as freshly minted MBAs from IIM Calcutta in a market research agency in Mumbai. Back then, India was economically anaemic, inward-looking, and minimally connected with the rest of the world. Our consumer studies then informed us that economically, consumers had a saving mind-set, frugal, and were constrained by a limited income that barely exceeded their expenses for daily necessities. Culturally, they were strongly rooted in their traditions and were vary of foreign influence. In terms of hedonic consumption, movies were the only escape from reality they could afford and Bollywood films provided the perfect panacea to cope with life’s challenges. Travel, the real physical escape, was expensive and they travelled only when they had to, mostly to religious destinations or to attend social functions. The world beyond mostly existed only on Doordarshan, and hardly influenced their daily lives.As Maslow, an eminent psychologist, might have observed Indian consumers were primarily motivated to take care of their physiological and safety needs with limited resources and limited choices. Read more
—- Biography: Professor Durairaj Maheswaran
- Department: Marketing
— Opinion
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When Bureaucracy Is Actually Helpful, According to Research - By Beth Bechky
“Bureaucracy” has become a catchall term for the many ways in which organizations squander workers’ potential. From needless paperwork to delusional project timelines, administrative overhead can prevent workers from doing the meaningful tasks that contribute to the organization’s bottom line. Employees perceive bureaucracy to be an immovable beast, blocking their path toward efficient, satisfying work lives. Read more
—- Biography: Professor Beth Bechky
- Department: Management and Organizations
— Opinion
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Taking Photos to Share on Social Media Reduces Enjoyment of Experiences - By Alixandra Barasch
New research from NYU Stern Professor Alixandra Barasch finds that taking photos with the intention to share them on social media diminishes people’s enjoyment of their experiences by increasing anxiety or self-presentational concern. Read more
—— Research Highlights
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Late Financial Filings Come at a Cost - By Eli Bartov
NYU Stern Accounting Professor Eli Bartov and co-author Yaniv Konchitchki of University of California, Berkeley, studied data on 2,115 firms over a nine-year period and found that company stock prices dropped significantly as soon as firms filed Form NT with the SEC. Read more
—- Biography: Professor Eli Bartov
- Department: Accounting
— Research Highlights
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Understanding Indian Consumers - By Durairaj Maheswaran
Marketing to India’s diverse and rapidly changing consumers requires constant refreshment of knowledge and skills. To the keen MBA student specializing in marketing as well as its ardent practitioner, Understanding Indian Consumers blends practical insights with theoretical frameworks. Read more
—- Biography: Durairaj Maheswaran
- Department: Marketing
— Books
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Quirky - By Melissa Schilling
Melissa Schilling’s penetrating and original analysis of the commonalities of creative genius, QUIRKY: The Remarkable Story of the Traits, Foibles, and Genius of Breakthrough Innovators Who Changed the World, delves deeply into the lives of eight creative geniuses to identify the traits and experiences that led them to become breakthrough innovators. Read more
—- Biography: Professor Melissa Schilling
- Department: Management and Organizations
— Multimedia
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Faculty Awards & Accolades – December 2017
Faculty Awards and Accolades highlighted in the December 2017 issues of Stern's Faculty Research Brief. Read more
—— Research Highlights
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Soldier, financial guru and hip-hop legend: who was the real Hamilton? - By Richard Sylla
It’s the end of the first act of Hamilton, Lin-Manuel Miranda’s runaway musical smash about the US founding father. The Americans have just won a decisive victory over the British at Yorktown, Virginia, in 1781. Alexander Hamilton and the Marquis de Lafayette meet at centre-stage and say: “We’re immigrants. We get the job done.” Read more
—- Biography: Richard Sylla
- Department: Economics
— Opinion
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Focus On Faculty Development - By Pankaj Ghemawat
Daniel Patrick Moynihan, the American politician and sociologist as well as ambassador to India, once said, “If you want to build a world class city, build a great university and wait 200 years.” Within the narrower realm of business schools, India has certainly been building! Read more
—- Biography: Professor Pankaj Ghemawat
- Department: Center for the Globalization of Education and Management
— Opinion
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Empowering Patients Using Smart Mobile Health Platforms - By Anindya Ghose
New research from NYU Stern Professor Anindya Ghose and co-authors, Beibei Li of Carnegie Mellon University and Xitong Guo of the Harbin Institute of Technology, explores how emerging mobile health (mHealth) technologies can persuade chronic-disease patients to modify their behaviors, better manage their care, and achieve improved health outcomes, including reductions in hospital visits and medical expenses over time. Read more
—- Biography: Professor Anindya Ghose
- Department: IOMS
— Research Highlights
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Video Games Sales Dependent on Early Adopters and Timing within Console’s Life Cycle - By J.P. Eggers
New research from NYU Stern Professor J.P. Eggers and co-author, Joost Rietveld of the Rotterdam School of Management, Erasmus University (RSM), finds that the life cycle of a video game console affects the sales of video games for the platform, as the ratio of early to later adopters tips. Read more
—- Biography: Professors JP Eggers
- Department: Management and Operations
— Research Highlights
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Big Companies Must Listen to Local Communities - By Sinziana Dorobantu
On paper, the project seemed like it would be a hit: The investment by the mining company would bring jobs and 21st-century technology to an economically poor area and tax revenues to the government. So why were citizens blocking the roads and protesting in the streets, drawing considerable attention from NGOs and the media and delaying the project? Read more
—— Opinion
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Shift Ahead - By Allen Adamson and Joel Steckel
In a world that's changing faster and more furiously than ever, the ability to shift focus is critical. Why is it that some organizations can continually evolve to meet the times and the marketplace, and others can't? How do some businesses recognize the right moment to shift, and others, ruefully, only after it's too late? Packed with insightful interviews, Shift Ahead by Professors Allen Adamson and Joel Steckel offers a smart, calculated approach to knowing when to change course and how to pull it off. Read more
—- Biography: Professors Allen Adamson and Joel Steckel
- Department: Marketing
— Books
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Harmful Content - By Stern Center for Business and Human Rights
A new study from the NYU Stern Center for Business and Human Rights entitled "Harmful Content: The Role of Internet Platform Companies In Fighting Terrorist Incitement and Politically Motivated Disinformation" examines what Google, Facebook, Twitter and Microsoft need to do to fight terrorist incitement and politically motivated disinformation. Written and published by the Center, the report grows out of discussions among members of the World Economic Forum Global Future Council on Human Rights, which is co-chaired by Professor Michael Posner, the Center’s director. Read more
—— Research Highlights
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A Deceptive New Report on Climate - By Steven Koonin
The world’s response to climate changing under natural and human influences is best founded upon a complete portrayal of the science. The U.S. government’s Climate Science Special Report, to be released Friday, does not provide that foundation. Instead, it reinforces alarm with incomplete information and highlights the need for more-rigorous review of climate assessments. Read more
—- Biography: Professor Steven Koonin
- Department: Information, Operations & Management Sciences
— Opinion
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Professor Elizabeth Morrison on NYU Stern's Make Work Better
— Research Highlights
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The Fragile Generation - By Jonathan Haidt
One day last year, a citizen on a prairie path in the Chicago suburb of Elmhurst came upon a teen boy chopping wood. Not a body. Just some already-fallen branches. Nonetheless, the onlooker called the cops. Read more
—- Biography: Professor Jonathan Haidt
- Department: Business & Society Program
— Opinion
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The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google - By Scott Galloway
Amazon, Apple, Facebook and Google are the four most influential companies on the planet. Just about everyone thinks they know how they got there. Just about everyone is wrong. For all that’s been written about The Four over the last two decades, no one has captured their power and staggering success as insightfully as Professor Scott Galloway. Read more
—- Biography: Professor Scott Galloway
- Department: Marketing
— Books
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Innovation Equity: Assessing and Managing the Monetary Value of New Products and Services - By Eitan Muller
In Innovation Equity, Professor Eitan Muller and co-authors analyze how a vast array of past innovations performed in the marketplace—from their launch to the moment they became everyday products to the phase where consumers moved on to the “next big thing.” Read more
—- Biography: Eitan Muller
- Department: Marketing
— Books
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Valuing Stakeholder Governance - By Sinziana Dorobantu
Professor Sinziana Dorobantu and Kate Odziemkowska examine the value of governance mechanism—community benefits agreements (CBAs) signed by firms and local communities—intended to minimize social conflict that disrupts access to valuable resources. Read more
—- Biography: Professor Sinziana Dorobantu
- Department: Management and Organizations
— Multimedia
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Online Labor Blog - By John Horton
In his Online Labor Blog, Professor John Horton shares thoughts on the intersection of labor economics, market design and information technology. Read more
—— Blogs
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Can We Avoid Financial Crises in the Future? - By Robert Engle
Throughout Robert Engle's 48-year career he’s developed successful models to measure and predict economic events like financial crises. Though his masterpiece, the ARCH-Model, was developed in the 1980s, it’s still used today as a kind of early financial warning system. Read more
—- Biography: Professor Robert Engle
Department: Finance
— Multimedia
- Biography: Professor Robert Engle
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Tap: Unlocking the Mobile Economy - By Anindya Ghose
Consumers create a data trail by tapping their phones; businesses can tap into this trail to harness the power of the more than three trillion dollar mobile economy. According to Professor Anindya Ghose, this two-way exchange can benefit both customers and businesses. In Tap: Unlocking the Mobile Economy, Professor Ghose welcomes us to the mobile economy of smartphones, smarter companies and value-seeking consumers. Read more
—- Biography: Professor Anindya Ghose
- Department: Marketing & IOMS
— Books
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Cliffhangers - By Adam Alter
Professor Adam Alter discusses why cliffhangers are so effective in driving people to consume more content, from his new book, "Irresistible." Read more
—- Biography: Professor Adam Alter
- Department: Marketing
— Multimedia
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Regulating Wall Street: CHOICE Act vs. Dodd-Frank - By NYU Stern & NYU Law Faculty
The NYU Stern School of Business presents a new book, Regulating Wall Street: CHOICE Act vs. Dodd-Frank, authored by more than a dozen faculty members from NYU Stern and the NYU School of Law. With the change in power in Washington D.C., both Congress and the Administration seek to repeal parts of the Dodd-Frank Act of 2010, streamline regulation and reduce compliance costs. In their analysis, the authors address the prominent issues of financial regulation and examine the benefits and drawbacks of the CHOICE Act—the prominent proposal to reform financial regulation—while comparing it to Dodd-Frank. Read more
—— Books
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Irresistible: The Rise of Addictive Technology & the Business of Keeping Us Hooked - By Adam Alter
In his latest book, Professor Adam Alter tracks the rise of behavioral addiction, and explains why so many of today's products are irresistible. By reverse engineering behavioral addiction, Professor Alter explains how we can harness addictive products for the good ... and how we can mitigate their most damaging effects on our well-being, and the health and happiness of our children. Read more
—- Biography: Professor Adam Alter
- Department: Marketing
— Books
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Dear Rival - You Change My Game! - By Gavin Kilduff
Professor Gavin Kilduff has spent the last 10 years studying the psychological aspects of rivalry. His conclusion is that your biggest rival is also your best friend. Why? They make you better! Read more
—- Biography: Professor Gavin Kilduff
Department: Management and Organizations
— Multimedia
- Biography: Professor Gavin Kilduff
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The Infrastructure Finance Challenge - By NYU Stern Faculty
A faculty team from the NYU Stern School of Business has recently published an eBook, The Infrastructure Finance Challenge, an analysis of the drivers, challenges and actionable choices for the future of infrastructure finance. Read more
—— Books
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The Economics, Regulation, and Systemic Risk of Insurance Markets - By Ralph Koijen
Despite the importance of insurance in enabling individual and collective social, economic, and financial activities, discussions about the macro-economic role and risks of insurance markets are surprisingly limited. Read more
—- Biography: Professor Ralph Koijen
- Department: Finance
— Books
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The Signals Are Talking: Why Today’s Fringe Is Tomorrow’s Mainstream - By Amy Webb
In The Signals Are Talking, Professor Amy Webb presents a methodology for how to predict future trends in technology and society. This book helps readers hear which signals are talking sense, and which are simply nonsense, so that they might know today what developments—especially those seemingly random ideas at the fringe as they converge and begin to move toward the mainstream—have long-term consequence for tomorrow. Read more
—- Biography: Professor Amy Webb
- Department: Marketing
— Books
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Alexander Hamilton: The Illustrated Biography - By Richard Sylla
From soldier to smash hit, Professor Richard Sylla details the life and legacy of Alexander Hamilton in a new biography. Read more
—- Biography: Professor Richard Sylla
- Department: Economics
— Books
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The DHL Global Connectedness Index vs Others - By Pankaj Ghemawat
Professor Pankaj Ghemawat discusses the advantages of the DHL Global Connectedness Index vs other index measures of globalization over time. Read more
—- Biography: Professor Pankaj Ghemawat
Department: Center for the Globalization of Education and Management
— Multimedia
- Biography: Professor Pankaj Ghemawat
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Derivatives - By Rangarajan Sundaram
It has been the authors' experience that the overwhelming majority of students in MBA derivatives courses go on to careers where a deep conceptual, rather than solely mathematical, understanding of products and models is required. The first edition of Derivatives looks to create precisely such a blended approach, one that is formal and rigorous, yet intuitive and accessible. Read more
—- Biography: Dean Rangarajan K. Sundaram
- Department: Finance
— Books
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The Laws of Globalization and Business Applications - By Pankaj Ghemawat
The Laws of Globalization and Business Applications, by Professor Pankaj Ghemawat, provides a data-driven discussion of globalization at the world, country, industry and firm levels. It is aimed at academics, students and practitioners in business and public policy. Read more
—- Biography: Professor Pankaj Ghemawat
- Department: Center for the Globalization of Education and Management
— Books
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Employment in the Sharing Economy - By Arun Sundararajan & Scott Galloway
Professors Arun Sundararajan and Scott Galloway discuss how the rise of the sharing economy has changed the nature of employment. Read more
—- Biography: Professor Arun Sundararajan & Professor Scott Galloway
- Department: IOMS & Marketing
— Multimedia
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"The End of Accounting" Blog - By Baruch Lev
This blog tracks the media appearances and writings of Professor Baruch Lev, most recently the coauthor (with Professor Feng Gu) of The End of Accounting and the Path Forward for Investors and Managers (Wiley, 2016). Read more
—— Blogs
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The End of Alchemy: Money, Banking and the Future of the Global Economy - By Lord Mervyn King
In The End of Alchemy: Money, Banking and the Future of the Global Economy, Lord Mervyn King offers his perspective on the history and future of money and banking – the keys to modern finance. Read more
—- Biography: Lord Mervyn King
- Department: Economics
— Books
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The End of Accounting – By Baruch Lev
In The End of Accounting and the Path Forward for Investors and Managers, Professor Baruch Lev and co-author Feng Gu show how ubiquitous financial reports have become useless in capital market decisions and lay out an actionable alternative. Read more
—- Biography: Professor Baruch Lev
- Department: Accounting
— Books
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The Sharing Economy - By Arun Sundararajan
In The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism, Professor Arun Sundararajan explains the transition to what he describes as "crowd-based capitalism" -- a new way of organizing economic activity that may supplant the traditional corporate-centered model. Read more
—- Biography: Professor Arun Sundararajan
- Department: Information, Operations and Management Sciences
— Books
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Business and Human Rights: From Principles to Practice - By Dorothée Baumann-Pauly
Business and Human Rights: From Principles to Practice is the first comprehensive and interdisciplinary textbook that aims to ignite a much larger conversation about transforming business education to encompass business and human rights. Stern's Center for Business and Human Rights Research Director Dorothee Baumann-Pauly and Visiting Scholar Justine Nolan examine the regulatory framework that grounds the business and human rights debate and highlights the business and legal challenges faced by companies and stakeholders in improving respect for human rights. Read more
—- Department: Center for Business and Human Rights
— Books
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A First Course in Optimization Theory - By Rangarajan K. Sundaram
A First Course in Optimization Thoery introduces students to optimization theory and its use in economics and allied disciplines. Read more
—- Biography: Dean Rangarajan K. Sundaram
- Department: Finance
— Books
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Global Vision: How Companies Can Overcome the Pitfalls of Globalization - By Rob Salomon
In Global Vision: How Companies Can Overcome the Pitfalls of Globalization, Professor Robert Salomon addresses the business challenges that globalization poses. The book aims to help managers improve their global acumen by developing a better understanding of the cultural, political and economic risks they face as they expand globally. Read more
—- Biography: Professor Robert Salomon
- Department: Management and Organizations
— Books
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Finding Creativity: How - By Kim Corfman
Professor Kim Corfman shares tips on how to encourage divergent thinking. Read more
—- Biography: Professor Kim Corfman
- Department: Marketing
— Multimedia
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Essentials of Online Course Design - By Kristen Sosulski
In spite of the proliferation of online learning, creating online courses can still evoke a good deal of frustration, negativity, and wariness in those who need to create them. The second edition of Essentials of Online Course Design takes a fresh, thoughtfully designed, step-by-step approach to online course development. Read more
—- Biography: Professor Kristen Sosulski
- Department: Information, Operations and Management Sciences
— Books
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Should You Trust Your Money to a Robot? - By Vasant Dhar & Scott Galloway
Professors Vasant Dhar and Scott Galloway discuss whether humans should entrust their money to machines. Read more
—- Biography: Professors Vasant Dhar & Scott Galloway
- Department: IOMS & Marketing
— Multimedia
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The Storytelling Imperative - By Naomi Diamant
Professor Naomi Diamant dicusses how storytelling is an impulse for engagement. Read more
—- Biography: Profesor Naomi Diamant
- Department: Management and Organizations
— Multimedia
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The Line Between Disrupt and Exploit - By Sonia Marciano
Professor Sonia Marciano reminds us to take a step back to Porter's Five Forces to examine the concepts of industries, competition, and substitutes. Read more
—- Biography: Professor Sonia Marciano
- Department: Management and Organizations
— Multimedia
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Blog by Paul Romer
Economist and policy entrepreneur Paul Romer shares his thoughts on topics including macro-economics, mathematical theory and urbanization. Read more
—— Blogs
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Cryptocurrency 101 - By David Yermack
Professor David Yermack sheds light on some of the most fundamental questions around digital currency. Read more
—- Biography: Professor David Yermack
- Department: Finance
— Multimedia
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The Importance of Names - By Adam Alter & Scott Galloway
People identify with their names more than anything else, which has implications for marketing and charities. Professor Adam Alter says more organizations should use that to their advantage. Read more
—- Biography: Professors Adam Alter and Scott Galloway
- Department: Marketing
— Multimedia
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The Future of Regulation - By Arun Sundararajan
Professor Arun Sundararajan implores consumers to think carefully about the implications of regulation moving away from the government, rather than allowing it simply as a byproduct of advances in digital technology. Read more
—- Biography: Professor Arun Sundararajan
- Department: IOMS
— Multimedia
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The Effects of Power - By Elizabeth Morrison
Professor Elizabeth Morrison encourages both bosses and employees to examine their own roles and relationships with the awareness that power is a potent force. Read more
—- Biography: Professor Elizabeth Morrison
- Department: Management and Organizations
— Multimedia
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Social Media Valuations - By Aswath Damodaran & Scott Galloway
Professor Aswath Damodaran shares his perspective on social media companies with Professor Scott Galloway. Read more
—- Biography: Professors Aswath Damodaran & Scott Galloway
- Department: Finance & Marketing
— Multimedia
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Does the Fed Set Interest Rates - By Aswath Damodaran
Does the Fed set interest rates? Prof. Aswath Damodaran sets the record straight. Read more
—- Biography: Professor Aswath Damodaran
- Department: Finance
— Multimedia
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How Data Enlighten Our Understanding of Racial Bias - By Dolly Chugh
Professor Dolly Chugh, along with her colleagues Katherine Milkman and Modupe Akinola, explores how race affects casual, informal interactions such as email correspondence. Read more
—- Biography: Professor Dolly Chugh
- Department: Management and Organizations
— Multimedia
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The Internet of Things - By Anindya Ghose
Professor Anindya Ghose provides an introduction to the Internet of Things (IoT) and what you need to know about it to prepare for a more connected reality. Read more
—- Biography: Professor Anindya Ghose
- Department: IOMS
— Multimedia
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Digital Disruption of the Consulting Industry - By Natalia Levina
Professor Natalia Levina sheds light on the potential disruption of perhaps one of the more unexpected industries: consulting. Read more
—- Biography: Natalia Levina
- Department: IOMS
— Multimedia
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Telling a Story With Data - By Kristen Sosulski
Professor Kristen Sosulski talks through the components of telling a story using data, from exploration, to analysis, to communication. Read more
—- Biography: Profesor Kristen Sosulski
- Department: IOMS
— Multimedia
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Efficiently Inefficient: How Smart Money Invests and Market Prices Are Determined - By Lasse Pedersen
In Efficiently Inefficient, Professor Lasse Pedersen describes the key trading strategies used by hedge funds and demystifies the secret world of active investing. Professor Pedersen combines the latest research with real-world examples and interviews with top hedge fund managers – including Lee Ainslie, Cliff Asness, Jim Chanos, Ken Griffin, David Harding, John Paulson, Myron Scholes and George Soros – to show how certain trading strategies make money and why they sometimes don't. Read more
—- Biography: Professor Lasse Pedersen
- Department: Finance
— Books
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Genealogy of American Finance - By Richard Sylla
In Genealogy of American Finance, Professor Richard Sylla and his co-author, Robert E. Wright of Augustana College, outline the history of the 50 largest banks in the United States. Read more
—- Biography: Professor Richard Sylla
- Department: Economics
— Books
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Why You Should Care About Luxury - By Scott Galloway
Professor Scott Galloway explains how luxury crosses time, geography and socioeconomics. Read more
—- Biography: Professor Scott Galloway
- Department: Marketing
— Multimedia
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Cultivating Intellectual Flexibility - By Nouriel Roubini
Professor Nouriel Roubini explains what you need to know in order to prepare for an interdependent, more connected world. Read more
—- Biography: Nouriel Roubini
- Department: Economics
— Multimedia
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"European Economic Snapshot" Blog - By Thomas Cooley and UCSB Prof. Peter Rupert
European Economic Snapshot, written by Professor Thomas Cooley and co-authors Peter Rupert, Zachary Bethune and Valerie Bostwick, presents the authors' views on the current European economic environment, based on releases from Eurostat and other organizations. The data is presented in a way that the authors find useful for assessing where we are in the business cycle and tracking the economic recovery of several large European countries. Read more
—— Blogs
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"Musings on Markets" Blog - By Aswath Damodaran
In Musings on Markets, Professor Aswath Damodaran explains his company valuations and shares his thoughts on current corporate finance news.
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Read more— Blogs
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City as Startup - By Paul Romer
Professor Paul Romer discusses the concept of city as startup, explaining how reform zones can be used as valuable tools in assessing effectiveness of policies for a country. Read more
—- Biography: Paul Romer
- Department: Urbanization Project
— Multimedia
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"Money & Banking" Blog - By Kim Schoenholtz & Brandeis Prof. Stephen Cecchetti
Money and Banking, written by Professor Kim Schoenholtz and co-author Stephen Cecchetti of Brandeis International Business School, focuses on current issues in finance and economics. The authors approach the evolution of the financial system with the motto “understand the principles, understand the future.” Read more
—— Blogs
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"Banks and Markets" Blog - By Roy Smith & Ingo Walter
Banks and Markets, written by Professors Roy Smith and Ingo Walter, offers seasoned perspectives on money, markets and institutions.
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"NYU Stern Economics" Blog - By The Economics Department
NYU Stern Economics, written by faculty in the Economics Department, offers thoughts about economic and business issues by and for the NYU Stern community and others with similar interests. Read more
—— Blogs
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"U.S. Economic Snapshot" Blog - By Thomas Cooley and UCSB Prof. Peter Rupert
US Economic Snapshot, written by Professor Thomas Cooley and co-authors Peter Rupert and Zachary Bethune, presents the latest version of the economic snapshot, based on releases from the BEA, BLS, and other organizations. The data is presented in a way that the authors find useful for assessing where we are in the business cycle and tracking the US economic recovery. Read more
—— Blogs
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Disruptive Innovation - By Luke Williams
Professor Luke Williams explains and defines disruptive innovation. Read more
—- Biography: Luke Williams
- Department: W.R. Berkley Innovation Lab
— Multimedia
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Modernizing Insurance Regulation - By John Biggs and Matthew Richardson
With insurance premiums constituting a growing portion of the annual US GDP and provisions of the Dodd-Frank Act specifically calling for the modernization of insurance regulations, the insurance industry is facing a number of changes. In Modernizing Insurance Regulation, Professors John Biggs and Matthew Richardson, editors, address these issues against a backdrop of the political and industry discussions that surround insurance, regulation and systemic risk. Read more
—- Biography: Professors John Biggs and Matthew Richardson
- Department: Finance
— Books
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Money, Banking, and Financial Markets - By Kim Schoenholtz
In the fourth edition of Money, Banking, and Financial Markets, Professor Kim Schoenholtz and co-author Stephen Cecchetti use five core principles as the basis for understanding concepts to enable students to learn the rationale for financial rules and institutional structure. Read more
—- Biography: Professor Kim Schoenholtz
- Department: Center for Global Economy and Business
— Books
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Innovation, Marketing and Brand-Building - by Michelle Greenwald
A regular contributor to Forbes, Professor Greenwald shares her viewpoints on innovation, marketing and brand-building.
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Read more— Blogs
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Luxury Marketing & Brand Strategy - By Thomai Serdari
As a luxury retail expert, Prof. Thomai Serdari regularly discusses luxury marketing, designing and brand strategy. Read more
—— Blogs
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An Introduction to Real Estate Finance - By Edward Glickman
An Introduction to Real Estate Finance by Professor Edward Glickman, executive director of the Center for Real Estate Finance Research, offers a concise "finance-centric" alternative to traditional real estate finance texts. Read more
—- Biography: Professor Edward Glickman
- Department: Center for Real Estate Finance Research
— Books
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The Talent Equation - By Prasanna Tambe
In his new book, Professor Prasanna Tambe explores the potential for big data to transform human resources and investigates some of the most important issues affecting the labor market and workforce management today. Read more
—- Biography: Professor Prasanna Tambe
- Department: IOMS
— Books
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Global Asset Management - By Mike Pinedo & Ingo Walter
Global Asset Management: Strategies, Risks, Processes and Technologies, edited by Professors Michael Pinedo and Ingo Walter, focuses on all major aspects of the asset management industry including regulations, strategies, processes, applied technologies and risks. Read more
—- Biography: Professor Mike Pinedo & Professor Ingo Walter
- Department: IOMS & Finance
— Books
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Data Science for Business - By Foster Provost
In their new book, Professor Foster Provost and Tom Fawcett present a set of fundamental principles for extracting useful knowledge from data. Read more
—- Biography: Professor Foster Provost
- Department: Information, Operations & Management Sciences
— Books
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The Savvy Student's Guide to Online Learning - By Kristen Sosulski
In their new book, Kristen Sosulski, Clinical Assistant Professor of Information, Operations and Management Sciences and Director of Stern’s Center for Innovation in Teaching and Learning, and co-author Ted Bongiovanni introduce the information and skills required of successful online students. Read more
—- Biography: Professor Kristen Sosulski
- Department: Information, Operations and Management Sciences
— Books
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Drunk Tank Pink - By Adam Alter
In his new book, Assistant Professor of Marketing Adam Alter explores how our environment shapes what we think, how we feel and the ways in which we behave. Read more
—- Biography: Professor Adam Alter
- Department: Marketing
— Books
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TURNAROUND: Third World Lessons for First World Growth - By Peter Blair Henry
Thirty years ago China seemed hopelessly mired in poverty, Mexico had triggered the Third World Debt Crisis, and Brazil suffered under hyperinflation. But in recent decades, these and other developing countries have turned themselves around, while First World nations, battered by economic and fiscal crises, struggle to stay afloat. With the global economy teetering on the brink, America’s prosperity now depends on our ability to learn from these prior foreign struggles—and successes—with economic reform. The stakes are higher than ever and Turnaround: Third World Lessons for First World Growth, by Peter Blair Henry, reveals the three things we need for a more prosperous future. Read more
—- Biography: Dean Peter Blair Henry
- Department: Economics
— Books
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Patterns in Social Entrepreneurship Research - By Jill Kickul
In their new book, Jill Kickul, Clinical Professor in the Business & Society Program Area and Director of Stern’s Program in Social Entrepreneurship, and Sophie Bacq of Northeastern University outline the complexities in the field of social entrepreneurship, examining issues at the individual, organizational and institutional levels. Read more
—- Biography: Professor Jill Kickul
- Department: Management and Organizations
— Books
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Volcker: The Triumph of Persistence - By William Silber
Noted scholar and finance expert Silber draws on hours of candid personal interviews and complete access to Volcker's personal papers to render dramatic behind-the-scenes accounts from Volcker's career at the Treasury Department and the Federal Reserve. Read more
—- Biography: Professor William Silber
- Department: Finance
— Books
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The Cost Disease: Why Computers Get Cheaper and Health Care Doesn't – By William Baumol
In his new book, William J. Baumol, Harold Price Professor of Entrepreneurship and academic director of NYU Stern’s Berkley Center for Entrepreneurship and Innovation, identifies the "cost disease" as a major source of rapidly rising costs in service sectors of the economy. Once we understand that disease, he explains, effective responses become apparent.
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Read more- Biography: Professor William Baumol
- Department: Economics
— Books
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SABOTAGE: How the Republican Party Crippled America's Economic Recovery - By Daniel Altman
In his new e-book, Professor Daniel Altman asserts that the Republican Party sabotaged America's recovery in the aftermath of its worst downturn in decades.
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Read more- Biography: Professor Daniel Altman
- Department: Economics
— Books
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Regulating Wall Street - By NYU Stern Faculty
Forty NYU Stern faculty, including editors Viral V. Acharya, Thomas F. Cooley, Matthew P. Richardson, and Ingo Walter, provide a definitive analysis of The Dodd-Frank Act, in a new book. Read more
—- Biography: Professor Viral Acharya, Professor Thomas Cooley, Professor Matthew Richardson, Professor Ingo Walter
- Department: Economics, Finance
— Books
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Guaranteed to Fail - By NYU Stern Faculty
NYU Stern economists Viral Acharya, Matthew Richardson, Stijn Van Nieuwerburgh, and Lawrence J. White provides a rational analysis of how Fannie and Freddie collapsed and why housing finance in general is broken in their new book. Read more
—- Biography: Professor Viral Acharya, Professor Matthew Richardson, Professor Stijn Van Nieuwerburgh, Professor Lawrence White
- Department: Economics, Finance
— Books
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Restoring Financial Stability - By NYU Stern Faculty
Introducing an independent view of the financial crisis, this book features executive summaries of 18 targeted and definitive White Papers authored by 33 NYU Stern academics that offer financial policy alternatives—and specific courses of action—to restore the global financial system. Read more
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The Righteous Mind - By Jonathan Haidt
In "The Righteous Mind: Why Good People Are Divided by Politics and Religion" (Pantheon, March 13, 2012), Professor Jonathan Haidt walks through the world of morality and politics. He explores why our political leaders cannot seem to work together and points the way forward to mutual understanding. Read more
—- Biography: Professor Jonathan Haidt
- Department: Business and Society Program Area
— Books
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Disrupt: Think the Unthinkable to Spark Transformation in Your Business — By Luke Williams
In a business world of nonstop change, there's only one way to win the game: Transform it entirely. This requires a revolution in thinking – a steady stream of disruptive strategies and unexpected solutions. In Disrupt, Luke Williams, executive director of NYU Stern’s Berkley Center for Entrepreneurship and Innovation and clinical associate professor of marketing and innovation, shows exactly how to generate those strategies and deliver those solutions. Read more
—- Biography: Professor Luke Williams
- Department: Berkley Center for Entrepreneurship & Innovation
— Books