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

Harvard Business Review

Not for the highly-regarded work on competition between small numbers of firms with which his career began more than thirty years ago but for more recent work on how carefully structured regulation can improve performance relative to unbridled market forces. For an example, reconsider the financial crisis. Nor was the government — beyond Greenspan and the Fed — blameless in the run-up to the crisis. Why did Jean Tirole win the Nobel Prize in Economics?

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

Harvard Business Review

Not for the highly-regarded work on competition between small numbers of firms with which his career began more than thirty years ago but for more recent work on how carefully structured regulation can improve performance relative to unbridled market forces. For an example, reconsider the financial crisis. Nor was the government — beyond Greenspan and the Fed — blameless in the run-up to the crisis. Why did Jean Tirole win the Nobel Prize in Economics?