close
Faculty & Research Archive
-
William Baumol’s research on productivity growth
Excerpt from The Economist -- "Because a haircut or a restaurant meal has to be delivered in person, there is almost no potential to exploit economies of scale and to export. People consume more services not when technological advance lowers their price but when they have reached a level of affluence that satisfies most of their other needs. Indeed William Baumol* famously argued in the 1960s that as countries grew richer and their citizens became keener on buying services, their productivity growth would inevitably slow."
—
*Baumol, William J (1967), “Macroeconomics of Unbalanced Growth: the Anatomy of Urban Crisis”, American Economic Review, 57(3):415-426.— Research in the News
-
Dean Peter Henry's research on emerging markets
Excerpt from The Economist -- "It may seem obvious that faster economic growth should translate into higher equity returns. So it was quite an upset when academics found some years ago that this had not been the case in advanced countries over the 20th century. A subsequent paper* discovered that the story was similar for developing economies as well."
—
*“Growth and Returns in Emerging Markets”, by Peter Blair Henry and Prakash Kannan of Stanford University, June 2006.
— Research in the News
-
Paul Romer’s research on accounting fraud
Excerpt from Bloomberg -- "Nobel laureate George Akerlof and Paul Romer wrote a classic article in 1993. The title captured their findings: “Looting: the Economic Underworld of Bankruptcy for Profit.” Akerlof and Romer explained how bank CEOs can use accounting fraud to create a “sure thing” in the form of record short- term income, generated by making low-quality loans at a premium yield while making only minimal reserve allowances for losses. While it lasts, this fictional income allows the chief executive officer to loot the bank, which then fails, and walk away wealthy."
—— Research in the News
-
The Microtheory of Innovative Entrepreneurship - By William Baumol
Harold Price Professor of Entrepreneurship William Baumol’s new book provides what may be the first formal microeconomic analysis of innovative entrepreneurship. It focuses on the differences between the innovative entrepreneur, who puts new ideas into practice, and the replicative entrepreneur, who launches a new business venture that bears a resemblance to existing ventures.
—— Books
-
Encyclopedia of Disaster Relief - By Matt Statler
Matt Statler, Clinical Assistant Professor of Management and Organizations, covers responses to disasters around the world in his new book with co-editor K. Bradley Penuel, Director of NYU’s Center for Catastrophe Preparedness and Response. Stressing the importance of the strategies, tactics and ethical values that contribute to effective disaster relief, the two-volume set covers key topics in an A-Z format, including government and international agencies, human-induced disasters, infrastructure, natural disasters, politics and funding, preparedness, recovery and response.
—— Books
-
Anticipating Correlations - By Robert Engle
Michael Armellino Professor of Finance and Nobel Laureate Robert Engle's book was published by Princeton University Press in February 2009. The book introduces a method for estimating correlations for large systems of assets. The new methods are used to measure risk during the financial crisis.
—— Books
-
Coaching Models - By Diane Lennard
Diane Lennard, Clinical Associate Professor of Management Communication, has just published a book (Routledge) that serves as a resource for business coaches and students in the field. Professor Lennard examines the model development process, sharing a variety of coaching approaches and learning theories and underlining the importance of identifying cultural factors that affect coaching models and client interactions.
—— Books
-
The New Financial Capitalists - By George David Smith
Clinical Professor of Economics and International Business George David Smith and George P. Baker of Harvard University provide an interpretive history of the firm Kohlberg Kravis Roberts & Co. (KKR) during the entrepreneurial phase of the leveraged-buyout movement, from the 1970s into the early 1990s, of which KKR was the leading pioneer in this book.
—— Books
-
When Washington Shut Down Wall Street - By William Silber
In his book, Marcus Nadler Professor of Finance and Economics William L. Silber chronicles the financial crisis that erupted in the United States at the outbreak of World War I that almost forced the United States off the gold standard. Professor Silber's main focus is on Treasury Secretary William McAdoo, who closed the New York Stock Exchange for four months to prevent a full fledged panic. He also explores McAdoo's trials and tribulations creating the Federal Reserve, which arrived too late to help.
—— Books
-
The Big Problem of Small Change – By Thomas Sargent & François Velde
The Big Problem of Small Change, by Thomas Sargent, the William R. Berkley Professor of Economics and Business, and François Velde, offers an explanation of how a problem that dogged monetary authorities for hundreds of years was finally solved. These two leading economists examine the evolution of Western European economies through the lens of one of the classic problems of monetary history – the recurring scarcity and depreciation of small change.
—
— Books