Harvard Business Review

JUNE 9, 2011

In an adjacent office was a colleague who had written something like 12 books and was an internationally recognized scholar in the area of organizational innovation. Robert Merton was 46 when he won the award. Merton had the office on the other side of my office. He had a beautiful summer house near Cape Cod.

Merton 16

Merton Black-Scholes Welch Organizational Behavior 16

Harvard Business Review

SEPTEMBER 29, 2014

They might be surprised at how certain economic notions have been directly applied in business, with largely positive results. Walker’s innovation was to bind travelers to pay the prices they bid if the airlines and hoteliers on Priceline accepted the offers. Economists and market design. Here a few notable examples.

Strategy 15

Strategy Black-Scholes Airlines Price 15

Harvard Business Review

NOVEMBER 29, 2010

Furthermore, if youre the publican, and youve been chatting with me and with Bill, then youre even better positioned to become a de facto arbitrator of notes — a bank. And thats exactly the role that pubs began to play. You might say that a radically decentralized, p2p financial system spontaneously arose.

Banking 17

Banking Crisis Merton Guidelines 17