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Tag Archive 'economics'

Silvio Berlusconi has been a force in Italian politics during the past two decades. As the country’s prime minister and richest man, the media mogul managed to slip through sex scandals and criminal charges only to be forced out of office by Europe’s debt crisis. As a new government led by economist Mario Monti takes [...]

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 STANFORD GRADUATE SCHOOL OF BUSINESS — It’s not hard to find critics of the medical malpractice system in the United States. There is widespread agreement that it simply does not do what it should. “It both fails to compensate patients who have suffered from bad medical care, and compensates those who haven’t,” writes Daniel P. [...]

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STANFORD UNIVERSITY — Last Friday’s Standard & Poor’s downgrade of the U.S. credit rating topped a week that saw all three major stock market indexes delivering their worst performances since the 2008-2009 crisis. Monday the Dow tumbled 634 points. Tuesday it climbed back 430 points .  What does it mean? Stanford News Service asked Nicholas Bloom, [...]

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STANFORD UNIVERSITY — Economist John Shoven, director of the Stanford Institute for Economic Policy Research (SIEPR), discussed the current U.S. congressional economic crisis with the Stanford Report. For most of us, our minds go numb when people start speaking in trillions of dollars. In practical terms, how does this debt load affect our lives and our children’s lives? [...]

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STANFORD GRADUATE SCHOOL OF BUSINESS — Most companies in the fashion industry are firmly entrenched in a business model that involves outsourcing production and distributing products through cheaper, “slow boat” channels. Research at Stanford Graduate School of Business, however, suggests that while this approach seems to make economic sense it may actually create gross inefficiencies [...]

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STANFORD GRADUATE SCHOOL OF BUSINESS – If you’ve spent any time at all in business school, the question, “Does management matter?” seems almost absurd. After all, graduate students spend two years or more reading case studies and delving into the details of management strategies, and studies of “managerial technology” were published as early as 1887. [...]

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STANFORD UNIVERSITY – For an interesting “third world” critique of the current U.S. economic situation, tune into this video Q and A with with Hernando de Soto as part of the 2011 SIEPR Economic Summit. de Soto is president of the Institute for Liberty and Democracy, a think tank in Lima, Peru that the Economist [...]

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  STANFORD GRADUATE SCHOOL OF BUSINESS — Innovation, to paraphrase a remark by Thomas Edison, is 99% perspiration and 1% inspiration. But individualist that he was, Edison probably never thought about the effect of employee compensation on innovation.  The role of compensation as a motivating force behind innovation is assumed to be significant. But is [...]

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STANFORD GRADUATE SCHOOL OF BUSINESS — In 2009, after months of scathing media reports of cars that could accelerate out of control, Toyota had an extremely expensive problem on its hands. Recalls, fines, and plunging sales resulted in losses to the auto manufacturer in the neighborhood of $2 billion. But bad news isn’t always bad [...]

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Labor Recovery Will Be Slow

DENVER – Higher unemployment may be here to stay even after the economy recovers, Michael Spence, Dean Emeritus of the Stanford Graduate School of Business, told the annual meeting of the National Association for Business Economics. The labor market is global, but most workers aren’t, Spence, a winner of the Nobel Prize in Economics, told [...]

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