Experience Faculty & Research

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.

“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 

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

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 

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

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 

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 

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

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

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

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

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

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 

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 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.
Read more

• Biography: Professor William Baumol
• Department: Economics

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.
Read more

• Biography: Professor Daniel Altman
• Department: Economics

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

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

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

• Department: Economics, Finance

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

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