Harvard Business Review

JUNE 9, 2011

Robert Merton was 46 when he won the award. He and two other economists created the trading process called Black-Scholes that impacted the ways financial markets were informed and influenced. Merton had the office on the other side of my office. Bob Merton was as gracious and supportive as the colleague I mentioned earlier.

Merton 15

Merton Black-Scholes Welch Organizational Behavior 15

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. Economists and market design. Most markets “clear” by having prices signal producers to make just enough that purchasers are willing to purchase. Here a few notable examples. But that would be a mistake.

Strategy 13

Strategy Black-Scholes Airlines Price 13

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 15

Banking Crisis Merton Guidelines 15