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

Harvard Business Review

For an example, reconsider the financial crisis. To begin with, quite a few parts of it are heavily concentrated at a global level (the credit ratings business, for example, or global investment banking), and many more at the national level (just six financial institutions account for 46% of all U.S.

article thumbnail

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

Harvard Business Review

For an example, reconsider the financial crisis. To begin with, quite a few parts of it are heavily concentrated at a global level (the credit ratings business, for example, or global investment banking), and many more at the national level (just six financial institutions account for 46% of all U.S.