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What an Economist Brings to a Business Strategy

Harvard Business Review

Consider first the increasing use of auctions, which have a distinguished history in the development of economics. For several decades after World War II, economists used statistical techniques to build increasingly complex models to forecast key macroeconomic variables, notably, GDP growth, inflation and unemployment. Strategy'

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What Alan Greenspan Has Learned Since 2008

Harvard Business Review

I tried to get Greenspan to talk me for my November HBR article on economics and finance since the crisis , but he said he’d promised his publisher to keep mum until the book was out, which was too late for my purposes. It’s true of GDP. The dot-com boom when it collapsed, you can’t find it in the GDP figures in 2001, 2002.