Remove Decisionmaking Remove Finance Remove Incentives Remove Politics
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Longrunonomics vs. Shortrunonomics

Harvard Business Review

Behavioral finance stayed on the margins. Longrunonomics is what's also referred to as neoclassical economics, the logical, elegant study of incentives, utility, and equilibrium that has formed the core of the discipline for 150 years. It doesn't offer much hope, though, for clear guidelines to macroeconomic decisionmaking.

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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.

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