Remove Finance Remove Industry Remove Innovation Remove Merton
article thumbnail

What an Economist Brings to a Business Strategy

Harvard Business Review

Walker’s innovation was to bind travelers to pay the prices they bid if the airlines and hoteliers on Priceline accepted the offers. Firms in these industries and their customers who thereby benefit from lower prices (admittedly through processes they never see) benefit greatly. Economists and finance. Economists and big data.

article thumbnail

The Irish Banking Crisis: A Parable

Harvard Business Review

He also founded Bubblegeneration, an agenda-setting advisory boutique that shaped strategies across media and consumer industries. Though the money supply did contract sharply, neither trade, commerce, nor industry came to a grinding halt. Imagine all the veins in your body suddenly shrinking and collapsing — Avada Kedavra!!

Banking 15