Harvard Business Review

NOVEMBER 8, 2013

When the Chinese Communist Party’s central committee wraps up the Third Plenum on November 12, 2014, a shift from efficiency to innovation will likely be one of the major planks in its vision for China. of GDP in 2012 from 1.1% The “input” indeed appears impressive: China’s R&D expenditure increased to 1.6%

Innovation 8

Innovation Globalization Venture Capitalist GDP 8

Harvard Business Review

JANUARY 7, 2014

It’s true of GDP. Greenspan asked me to check that, and the actual line from the article was pretty close: “Asked in 2010 about those who warned that housing prices would crash, he responded, ‘Right. The dot-com boom when it collapsed, you can’t find it in the GDP figures in 2001, 2002. But they can change the law.

Long-term 12

Long-term Banking Short-term Finance 12

Harvard Business Review

AUGUST 22, 2012

Of course, over the past four years Republican economic opinion has shifted rightward, so one might want to consider another alternative world — call it DeMint ia — where all the big banks were allowed to fail, government spending was cut dramatically, and the Federal Open Market Committee was replaced with a simple gold standard.

IAS 12

IAS GDP Policies Short-term 12

Harvard Business Review

NOVEMBER 21, 2012

Then there's reconciliation , a process included in a 1974 budget law with a very narrow purpose in mind that was soon exploited by Senate Finance Committee Chairman Russell Long to get tax and spending legislation passed without a 60-vote Senate supermajority. In 2010, Congress voted to extend the 2001 cuts for two years.

Budgeting 8

Budgeting Bond Committee Commitment 8