Remove Decisionmaking Remove Development Remove Finance Remove Politics
article thumbnail

Longrunonomics vs. Shortrunonomics

Harvard Business Review

Real business cycle theory continued to prosper, developing an increasing stranglehold over the professional journals. Behavioral finance stayed on the margins. As a non-economist who knows more about history and politics than most economists, I can't help but like that idea. And nothing happened.

article thumbnail

Gene Sperling and Wall Street's Giant Sucking Sound

Harvard Business Review

I've had a few encounters with Gene through the years, and he's always struck me as an endearing (and rare) combination of policy wonk, political operator, and genuine mensch. The increasing rewards to work in finance were for a long time defended as evidence that the financial sector was creating more value than the rest of the economy.

Shaw 13