Faculty News
In an op-ed, Prof. Pankaj Ghemawat highlights the importance of both market and management failures
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Excerpt from Harvard Business Review -- "But what many economists generally gloss over is a notion that I will argue is highly complementary to market failures: management failures. For policy-making purposes economists assume that all businesses act rationally in the pursuit of profits. The possibility that that might not be the case is generally ignored, or even when mentioned, quickly finessed."
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Additional coverage appeared on Forbes.
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Additional coverage appeared on Forbes.