Harvard Business Review

SEPTEMBER 29, 2014

Ask them if they apply much else from else from economics in their actual business careers, and you’re likely to hear “not much.”. All businesses seek to control costs; they don’t need an economist to tell them why it’s important or how to do it. Economists and market design. Here a few notable examples.

Strategy 12

Strategy Black-Scholes Airlines Price 12

Harvard Business Review

NOVEMBER 29, 2010

In slightly more formal terms, Id suggest that they were able to take on, at least in tiny part, five of Robert Merton and Zvi Bodies six standard functions of a financial system: settling payments, providing information, setting incentives, pooling resources, and transferring resources. But perhaps the costs have risen, too.

Banking 15

Banking Crisis Merton Guidelines 15

Harvard Business Review

FEBRUARY 3, 2011

I was thinking about that story by Thomas Merton during a recent board meeting. Recent market updates, a technical deconstruction of various trends, then product frameworks — all in quick succession. Early on in our careers, we might speak up without concern or context. Because silence does have a cost.

Merton 15

Merton Groupthink CFO Cost 15