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What Economists Know That Managers Don’t (and Vice Versa)

Harvard Business Review

Since capital is like air to other markets, problems with the financial sector can have important effects on the rest of the economy, a version of the market failure referred to under the rubric of externalities. This post is part of a series leading up to the 2014 Global Drucker Forum , taking place November 13-14 in Vienna, Austria.

article thumbnail

What Economists Know That Managers Don’t (and Vice Versa)

Harvard Business Review

Since capital is like air to other markets, problems with the financial sector can have important effects on the rest of the economy, a version of the market failure referred to under the rubric of externalities. This post is part of a series leading up to the 2014 Global Drucker Forum , taking place November 13-14 in Vienna, Austria.