Harvard Business Review

DECEMBER 8, 2010

Perhaps the most basic economic institution is GDP. When GDP's updated to reflect environmental costs, so must be corporate income statements — otherwise, the math simply won't work. From an economic perspective, its goal is much the same as India's updated GDP 2.0: But to the newcomers, let me explain what I mean.

GDP 15

GDP Hypercompetition IPO Information 15

Harvard Business Review

JANUARY 28, 2011

This great crisis is in our economy — and so it might be of our society, culture, and polity. Economists aren't exactly renowned for having a moral compass , yet without one, it's impossible to take on the fundamentally ethical challenge of rebooting prosperity. Want fries with that unsafe drinking water, bottom billion?

Ethics 15

Ethics Globalization Groupthink Incentives 15

Harvard Business Review

JANUARY 4, 2013

The financial crisis and subsequent economic downturn — which Lazear somewhat infamously downplayed while in office — have put a big dent in the credibility of the macro side of the discipline. The issue isn't that economists have nothing interesting to say about the crisis. And then, well, things didn't go so well.

Tversky 11

Tversky Crisis Levitt Consensus 11